Page 1 Advertisements Column 5

Kumara Times, Issue 622, 25 September 1878, Page 1

PROSPKCTUS OF THE ITIAJLPO QUARTZ MINING'' 1 COMPANY- (Jjmitkd). ARAHURA DISTRICT, COUNTY OF WESTLAND. j 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 6J. per share per month. PROVINCIAL DIRECTORS : . James Holmes, Esq., Hokitika A. L. King, Esq., M.C.C., Hokitika Thomas Cooke, Esq., Hokitika James Pearson, Enq., Hokitika George Bath, Esq., Hokitika James Chesney, Esq., Hokitika Joseph Churches, Esq.,,Hokitika H. Richardson Rae, Esq., Hokitika Charles Linnemann, Esq., Hokitika Hans J. Hanseu, Esq., Hokitika Thomas Haworth, Esq,, Hokitika. BANKERS ! The Union Bank of Australia. solicitor: C, E. Button, Esq, SECRETARY : • Ji 95- CuddefOrd, pro tern. The object of the projxwed Company is to work the lease of the Enterprise Quartz Mining Company, Taipo. The claim is situated on Parry's Range, Arahura District, ahout seven miles, from the Chrißtchurch road, and thirty-seven miles from Hokitika. The claim contains an area of 20 acres, granted as a lease to the present company by the Governor's Delegate. The prospectors have already expended a sum of £ISOO in driving a I tunnel, sinking a shaft, and generally testing the ground. I Two distinct aud well-defined reefe have already been tested in the claim—one in the shaft and the other in the funnel Tlioit „.."/■. «t. 4. Onn *-..i. . . the average width is 3ft 6 in an 2ft 6in. The stone is equalln richness. The tunnel has been driven 150 feet, and the shaft is now down 30 feet. It is projwsed to extend the tunnel so as to strike the reef which is being worked in the shaft. . A trial crushing of about eight hundred weight of Btone and rubble, taken from both reefs, took place at the Bank of New Zealaud, Hokitika, some time since and yielded at the rate of soza 6dwt to the ton. The payable quantity of the stone having been 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 ft 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 snpply of water at a high level, which can be brought on to the ground at a comparatively email cost, for working the battery. When increased labor has opened up the reefs there will be a supply of quartz sufilcient to 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 la now offered for the conveyance of machinery to this undoubtedly payable field. . The promoters and shareholders in the preseut companyjfciaye such confidence in the : remuneHrave nature of the ground, that thej&atfS wiHigg to ao- | cept two thousand foot-hundred paid up shares in'tKe^B^X)aSs*ny v in full payment for the purchase-of their entire tifie m r the lease, for all lahoir already aone; : and expenses? £ncurrfed. ■';■■■ ;; A^v-> i;; \nohihU • The promoters are assured, undertaking 'will* 1 pt&vehm oxgnplete success, and confidently'rexprgss an opinion that the future operations of the new Company will materially tend j to the development of a very extensive track of reefing country, which, when opened up, must of necessity largely increase the commercial prosperity of Hokitika, as being the nearest town and port to the goldfield. They, fore, invite the attention of the pnblio , to the present undertaking as/a,safe and paying investment. The promised