Page 1 Advertisements Column 5

Kumara Times, Issue 616, 18 September 1878, Page 1

PROSPKCTUS 1 COMPANY (Llmithd). ARAHURA DISTRICT, COUNTY OF WESTLAND. Capital: £IO,OOO, in 10,000 Shares of £1 each. Sixpence per share on application ; 6d. per share on allotment; and Calls not to exceed 6d. per share per month. PROVINCIAL DIRECTORS : I Jamus Holmes, Esq., Hokitika ! A. L. King, Esq., M.C.C., Hokitika Thomas Cooke, Esq., Hokitika James Pearson, Esq., lfokitika ; fieorge Bath, Esq., Hokitika- - ; : .j James Chesney, Esq., Hokitika i Joseph Churches, Esq., Hokitika ,H. Richardson Rae, Ksq., Hokitika Charles Linnemann, Esq.; Hokitika' ! Hans J. Hansen, Esq., Hokitika ' ; ! Thomas! Haworth, Esq., Hokitika. BANKERS: The Unionßank of Australia. bolicm?6r : : : • '■ ' i : C. E. Button, Esq,., BECRETARY : "J\W Cuddeford, pro tern. ' The object of the projKwed Company I is to work the lease of. the Enterprise Quartz Mining Company, Taipo. { The claim is situated on Parry's, Range, Arahura District, about Bev&n miles from the Christchurch ,road;f|tna j thirty-seven miles from Hokitika.^ff 1 i claim tcpntains au area of ,20 j 'acres, granted as a lease to the present company by the Governor's Delegate. The prospectors have already !< expended a sum jof; £ISOO in driving a < tunnel, sinking a shjift,: and generally ; testing the ground. , . Two distinct and well-defined reefs have already been tested in the one in the shaf|, and = the other,, in 4 the tiinnel. ;They, areabout2oo -the The stone is equal*in\ichiiiess/.' '' ■■""'■ '.' , The tunnel has Mendriven 150 feet, and the shaft is now down 30 feet'. .It is proposed to extend the tunnel so as to strike the r&ef which is being worked in the shaft. ■ ' A trial - crushing r o{ about; eight hundred weight .of stone and rubble, taken from both reefe, 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 beeu thus satisfactorily proved, 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 ai * extensive and never failiug supply of water at a high level, which can be brought on to the ground at a comparatively small cost, for working the battery. When increased labor has opened up the reefs there will be a supply of quartz ! 'sufficient tq keep a heavy battery .continually employed. The road connecting the reefe, with the main•"'Christchurch road' has been finished by the Government, and every facility is now ottered for the conveyance of machinery to this undoubtedly payable field. The in the present company hive such confi