Page 4 Advertisements Column 5

Kumara Times, Issue 204, 30 May 1877, Page 4

rFHE WAINIHINTHI WATER- ■*• RACE COMPANY, LIMITED. Established under "The Joint Stock Companies Act, I 860." Capital i 30,000, in 6000 Shares or £5 Each. The Capital to be paid up by Calls, not exceeding 5s per Share, at intervals pi not less than one month. Deposit. 2s 6a per Share. Peovisi al Directors : Mr E. Barff, Mr W. Barron, Mr J Cole, Mr D. Cowen, Mr H. Cuming, Mr W. Cornfoo Mr J. Chesney, Mr J. Evans. S r St £ riend > m Q- Gordon, Mr W. Henderson, | Mr E. Joneß, Mr J. Kerr, Mr D. Matched Mr C. Riley, Mr A. Williams, Mr J. Rngg, Mr P. Williams. And all those subscribing the MemoraiH dum of Association. "'' Bankers : The Union Bank of Australia. Solicitors : Messrs Button and Reid. Engineer and Manager : Mr James Wylde, C.E. The Kumara Gold-field has now been proved to.be of such an immense extent. that, nlian +!■« „_i... . •.. ~ the Waimea Race—are brought on to the ground they mil be utterly inadequate to supply the requirements of the miners. Every head of water that can possibly be brought 'on to the field will be eagerly taken at rates" which will insure a very large profit to the proprietors of the water, and at the same time will allow the miners to obtain large and steady returns. Whilst there are several leads which can be and are being worked profitably by tunnelling and driving out the ground, there are miles of country which can only be worked by ground Bluicing. At the present time it la estimated thai there are about 4000 miners on the field j available. - It has been found by surveys that the whole of die country from the sea to over. 25 miles inland, including the whole of the Kumara goldheld can be commanded by a race from the Wawihinihi river (which is one of the sources of the Teremakau), whilst there ia ampieJall for tail water throughout the w hole distance into the Teremakau. It has also been ascertained that a xace from the Wainihinihi could be formed almost entirely by open ditching, and that there will be no need of expensive tm>nels or fluming, The race which it is proposed to make will be about 20 miles in length, and will give a constant supply of 50. beads of water. The estimates for the proposed worit, which have been carefully shew SSSS CMt J of . the &* wiU to "boot XiJU.UOO, and in fixing the amount of capital of the company a large margin has been provided for unforseen contingencies. The promoters of the Company have obtained all the necessary grants and protections required under the Goldfields Act. They, have also had a preliminary survey made by experienced engineers, and have paid the coßts of registering the Company, &c, for. which, and for their interest m the race, they have agreed to acoept 600 paid-up shares in the Company. The receipts from the sale of water are estimated at £12,500 per annum, which, after deducting £3OOO per annum for maintenance and management, will leave a profit of per annum, being ever *0 per cent, on the capital. . Applications for shares in the following form may be addressed to the manager;— Wainihinihi Water-race Company, Limited. T hereby apply for shares in the and I agree to accept the same or sucu lesser number of B hares as may be allotted to me. Name in full Occupation Address Date MADAME KOEMANN, -"J- French Dress Maker, SEDDON ST REE T (Opposite Bowling Alley). ' Wishes to inform the Ladies of Kumara and surrounding Townships that she receives <he Paris Fashions by every Mail, and is now prepared to execute DRESS MAKING in all.its branched in a style which will give satisfaction*' '• CHALMERS, NIGHT WATCHMAN AND LAMPLIGHTER, Addres3 :—Mrs. Leach!s, Auld Reekie Hotel, Seddcn-street.