Page 3 Advertisements Column 3

Kumara Times, Issue 620, 23 September 1878, Page 3

PROSPECTUS OF THE IDUMAEA TAIL-RACE COMPANY (Limited). Capital, £3OOO ; in 3000 Shares of £1 each. One Shilling per share on application ; i Is. 6ci. pec share on allotment; and Calls not to exceed' Is. per share per month. PROVISIONAL DIRECTORS; Messrs Edwin Blake, Kumara Henry Oorntbot, Kumara R. J. Seddon, Kumara Henry Brown, Kumara Philip Cullen, Kumara L. J. Spyers, Kumara ; William Porter, Kumara Andrew Crawford, Kumara. ; bankers : The Bank of New Zealand. SECRETARY : William Nicholson. The object of the proposed Company" is to complete a Tunnel Tail-Race from, the Tevemakau River to the Shamrock; Lead, for the purpose of sluicing all adjacent ground, together with a- Claim' belonging to the . Company, through which the lead of gold has been proved to run. V The Tunnel has been driven 2018 feet, and a shaft sunk 95 feet in con-: nectibn therewith, and it is contemplated to extend the Tunnel about 700 feet farther, which, when completed, will terminate at what is- now known to be the best ■ sluicing ground in the district. 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 into it at a small rental, which would otherwise entail a ‘ great amount .of labour and expense in bringing in private, tunnels such a distauce, viz., 2700 feet. The promoters confidently express, the opinion that the future operations of the new Company will materially tend to develope a veiy extensive portion of this district, which must of necessity largely increase the commercial prosperity of Kumara. They therefore invite the attention of the public to the present undertaking as a safe and payable investment. From the promises of support already received the promoters conclude that the Company will bo floated on an early date; and, as soon as 1500 applications are received, will commence further operations. Applications for Shares will be re- , ceived by WILLIAM NICHOLSON, Opposite Public Hall, Main Road.