Page 3 Advertisements Column 3

Kumara Times, Issue 625, 28 September 1878, Page 3

PROSPECTUS ; t OF THE TAIL-RACE COMPANY (Limited). Capital, £3OOO ; in 3000 Shares of j £1 each. One Shilling per share bn application ; I Is. 6d. per share on allotment; and i Galls not to exceed Is. per share per-.; month. '; PROVISIONAL DIRECTORS : Messrs Edwin Blake, Knmara Heuiy Cornfoot, Knmara R. J. Seddon, Knmara Henry Brown, Kunmra Philip Cnllen, Knmara L. J. Spyers, Kiimara . ! William Porter, Knmara j Andrew Crawford, Knmara. j BANKERS ; The Bank of New Zealand. .SECRETARY;' . William Nicholson. , j ’ The object Of the p r§ posed Comjiany i is to complete a- Tunnel Tail-Race j the Teremakau River to, the Shamrock Lead, for the purpose of sluicing all adjacent ground, together with a Claim 1 belonging to the Company, through, which the lead of gold has been proved, to run. | The Tunnel has been driven 2018 | feet, and a shaft sunk 95 feet in ,conj nection therewith, and it is coutenij plated to extend the Tunnel about 700.- ! feet further, which, when completed, j will terminate at what is how known I to l>e the best sluicing ground in the j district. * The promoters are so sanguine of j the undertaking proving a success that ; they are willing to accept 800 paid-up I'. • , ■ ! shares in the new Company in full .payi ment for the purchase of their rights : for all labour already done and exj penses incurred. The boxes will be constructed to carry 30 government head's 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 ’ distance, viz., 2700 feet. . The promoters confident!} express the opinion that the future operations of the new Company will materially | | tend to develope a very extensive porj cion of this district, which must of • i necessity largely increase the cmn- * mercial prosperity of..'Kiimara.- - They 3 j therefore invite the attention of the n| public to the present undertaking as a i safe and payable investment. f j From the promises of support already I received the promoters conclude that | the Company will be floated on an early ' date ; and,, as soon as 1500 applications .are received, will commence further operations. e Applications for Shares will be re-

ceived by WILLIAM NICHOLSON, Opposite Public Hall, Main Road.