Page 1 Advertisements Column 5

Kumara Times, Issue 637, 12 October 1878, Page 1

PROSPECTUS OF THE AIPO QUARTZ MINING' COMPANY (LiMitfßt)). ARAHURA DISTRICT, COUNTY OP WESTLAND. j CaWtaii : £IO,OOO, in 10,000 Shares I of £1 each, j Sixpence per share on application; Gd. [ per siwi-e on allotment j and Calls j ftot to exceed 6d. pet share' per month. - PROVINCIAL DIRECTORS : Jataes Holmes; Esq., Hokitika A- Im King, Esq., M.C.C., Hokitika Thomas Cooke* Esq., Hokitika James Pearson* Esq., Hokitika George Bath, Esq., Hokitika James Chesney, Esq., Hokitika Joseph Churches, Esq., Hokitika H. Richardson Rae, Esq., Hokitika Charles Linneraann, Esq., Hokitika Hans J. Hansen, Esq., Hokitika Thomas Haworth, Esq., Hokitika.BANKERS 5 The Union Bank of Australia. SOLICITOR i C. E. Button, Esq. secretary : J. E- Cuddefoid, pro tern. The object of the proposed Company is to work the lease of the Enterprise Quartz Mining Company, Taipo. The claim is situated on Parry’s Range, Arahura District, ahotlt seven miles from the Christchurch 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 stlm of £ISOO in driving a tunnel, sinking a shaft, and' generally testing the ground. Two distinct and well-defined reefs have already been tested in the claim—one in the shaft and the other in the tunnel. They are about 200 feet apart} the average width is 3ft Gin an 2ft Gin, The atone is equal in richness. The tunnel has been, driven 150 feet, and the shaft is now 1 down 30 feet. It is proposed to extend the tunnel so as to strike the feef which is being •forked in the shaft. A trial crushing of about eight hundred weight of stone and rubble, taken from both reefs, took place at the jfenk of New Zealand, Hokitika, some time since and yielded at the rate of sozs Gdwt 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 it is ith the 1 prove .er than of the West an expply of can be |omparahe batned up quartz y con’s ■with been every onveybtedly Idem in configure of ig to accept two thousand four hundred paid up Shares in the new Company, in full payment for the purchase of their entire right and title in the lease* for all labor already done, and expenses incurred. The promoters are assured that the undertaking will prove a complete success, and confidently express an opinion that the futuTe operations of the new Company will materially tend to the development of a very extensive track of reefing country* which, when opened up, radst of necessity largely increase the commercial prosperity of Hokitika* as being the nearest town and port to the goldfield. They, there* j fore, invite the attention of the public j to the present undertaking as a safe and paying investment. The promises