Page 3 Advertisements Column 3

Kumara Times, Issue 638, 14 October 1878, Page 3

PROSPECTUS "UMARA TAIL-RACE COMPANY (Limited). Capital, £3OOO ; in 3000 Shares of each. One Shilling per share on application; Is. 6d. per share on allotment; arid Calls nob to exceed Is. per share per month. . PROVISIONAL DIREQTORS : Messrs Edwin Blake, Kumara Henry Cornfopt, Kumara R. J. Seddon, Kumara Henry Brown, Kumara Philip Cullen, Kumara L. J. Spyers, Kumara William Porter, Kumara Andrew Crawford, Kumara; The Bank of New Zealand. secretary: > William .Nicholson. :! ! The object of the proDpsfjd Company is to complete a Tunnel T&il-Ra:ce from ..oc;f>3v'.'. .:;:!■ • ;'„ the Teremakau River. ,t^,,the : Shamrock Lead, for the purp^- x adjacent gronnd^tog^heifwith/a. Claim 1 belonging to : the Compjiny, through which' the, leadrbf igoß to run. , ."*".".'"7.",...., -i The Tunnel has-been driven 2018 feefc, and.'a^'siiaft.sunk' 95fept inreonnection therewith', and it is contemplated to extend ;(&e Tunnel about; JQQ feet further,'which/ will terminate at what is now ikabwn to be district. ■.•-' -•>-■■ \ ' ,: '"/' 1 The promoters are, sp sanguine of the undertaking proving a success that' they are willing to accept 600 shares in the new Company in full pay r ; ment for the purchase of'their Hghts for all labour already done., and--ex-penses incurred. ' ■"'"'''' •• ,V: - «'•'■'' The-boxes will be constructed to carry 30 government heass of water, thereby a ia*ge ; number of claims to : sluice into, it at a/Bmall rental, which would otherwise entail a great amount of labour and expense in bringing in private liunnehj such a distance, via, 2700 feet. The promoters oonfidentlj express the opinion that the future operations of the new Company will materially tend to develbpe a very extensive porJ tion of this district, which must of necessity largely increase the commercial prosperity of Kumara. They theretore 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 b« floated on an early date; and, as soon as 15.Q0applications are received, will commence further operations. ..'•-• Applications for Shares will be received by WILLIAM NICHOLSON, Opposite Public Hall, Main Road.