Page 3 Advertisements Column 5

Kumara Times, Issue 564, 18 July 1878, Page 3

PROSPECTUS TAIPO QUARTZ MININcJ COMPANY (Limited). ARAHURA DISTRICT. COUNT? OF" WESTLAND. Capital : £lo*ooo, in 10,000 Shares* of £1 each. Sixpence per share on application; 6di per share on allotment; and Calls not to exceed 6d. per share pdr" month. Provincial directors: James Holmes, Esq., Hokitika A. L. King, U. .0., if'kitika - iiDini.s woke* . .j., i).kilik;i lames Pearson, Esq., Hokitika ieor^t 1 Bath, K»i(]., Hokitika •lam-s Cliiisney, Ksq., liokiiika .J<>se:>h (.Mum-he-, Ksq , Hokitikfi it. Richai-tlson \Uw, Ksq., Hokinka Charl s Linnernaiin, K.-q., Hokitika 'funs J. Hansen, Ksq.. Hokitika Thomas Haworth, Ksq., llokitiksu The Union Bank of Australia.' solicitor : C. E. Button, Esq. SECRETARY : J. E- Cuddelbi d, pro tern. The object of the proponed Company 1 is to work the lease of the Enterprise" Quartz Mining Company, Taipo. The claim is situated on Parry's Range, Arahura District, about seven miles from the Christennrck road, and thirty-seven miles from Hokitika. The claim contains an area of 20 acres, granted as a lease to thje present company by the Governor's Delegate. The prospectors have already pended a sum of £ISOO in driving a tunnel, sinkiug a shaft, and generally testing the ground. Two distinct and well-defined reefs * have already been tested in the claim-* one in the shaft and the other in the tunnel. They are about 200 feet apart} the average width is 3ft 6in an 2ffc 6im The stone is equal in richness. | The tunnel has been driven 150 feet} [ and the shaft is now down 30 feet. It is proposed to extend the tunnel so as i to strike the reef which is being worked in the shaft. A trial crushing of about eight hundred weight of stone and rubble, taken from both reefs, took place at the Bank of New Zealand, Hokitika, some time since and yielded at the rate of sozs 6dwt to the ton. The payable quantity of the stone having been thus satisfactorily it is proposed that the new Company shall work the ground in a more systematic manner and on a more' extensive scale than hitherto,, and it- is confidently anticipated that with the aid of machinery, the mine will prove" remunerative to an extent greater than is the case with regard to many of the best reefing companies on the West Coast* '* The Claim is commanded by an extensive and never failing supply of water at a high level, which can be brought on to the ground at a compare tively small cost; for working the bate tery; When increased labor has opened up the reefs'there wilt be a supply of quartz sufficient to keep a heavy battery continually employed. The road connecting the reefs with the main Christchurch road has been finished by the Government, and every facility is now oiiered for the conveyance of machinery to this undoubtedly payable field. The promoters and shareholders in the present company, have such confidence in the remunerative nature of: the ground, that they are accept two thousand four hundred paid up shares in the new Company, in full payment for the purchase of their entire right and title in the lease, for all labor already done, and expeuses incurred. The promoters are assured that the undertaking will prove a complete success, and -'confidently express an opinion that the future operations of the new Company will materially tend to the development of a very extensive track of reeßng country* which, when opened up, must of necessity largely increase the commercial prosperity at Hokitika, as being the nearest town and port to the goldfield. They, fore, invite the attention of the public to the present undertaking as a safe and paying investment. Tie promises of support already received justify the conclusion that the Compauy will be floated at a very early date, and applications for shares are invited. Forms of application to be obtained from any of the Provisional or the Secretary, JAMES E< CUDDEFORD, Corner of Wharf street, Hokitika.; &$