Page 3 Advertisements Column 1

Kumara Times, Issue 601, 31 August 1878, Page 3

PROSPECTUS UMARA TAIL-RACE COMPANY (Limited).. Capital, £3000; in 3000 Shares? of *£l each. One Shilling per-share on application ; Is. 6<l. per share on allotment; and Calls not to exceed Is. per share per month. PROVISIONAL DIRECTORS : Messrs Edwin Blake, Henry Cornfoot, K. J; Sefldon, Henry Brown, Philip Culleh, L; J. Spyers, William Porter, ,'Andrew. Crawford. .'■., Jlhe Bank of New Zealand. SECRETARY.: " William Nicholson. .-. The object of the proposed Company is to complete a Tunnel Tail-Race'from the-Teremakau River to the Shamrock purpose of sluicing all adjacent groaiid, together with a Claim belonging %> -the Company, through which the lead" of gold has been proved TO'run.' ''"^' ; , ■■'•; ;. The TunneUhas been driven 2018 therewith, and it is contemplated to the Tunnel abont 700 feet - further, which, when completed, will terminate at what in now known to be the best sluicing ground in the dwtript. • '••'•'' ''' '■ ' The promoters are so sanguine of

the undertaking proving a success that they are willing to accept 600 paid-up shares in the new Company in full payment for the purchase of their rights for all labour already done and expenses incurred. The boxes will be constructed to carry 30 government heads of water, thereby, enabling a large number of claims to sluice info it at a small rental, which .would otherwise entail a great amount of labour and expense in bringing in private tunnels such' a distance, viz., 2700 feet. The promoter* confident!} express the opinion that the future operations tion of this district, which must «*. necessity largely increase 'he c ,.. m . mercial prosperity of Kum.-.ra. They therefore iuvite the attention of the public to the present undertaking- a 8 a safe and .payable investment. * From the promises of supjKu-fc already received the .promoters conclude that fie Company will b«> floated on an early date; and, as soon as 1500 applications are received, will commence further Applications for. Shares will b«-re-ceived by :'WILLIIM NICHOLSON, Opposite Public Hall, Main Road.