Page 3 Advertisements Column 3

Kumara Times, Issue 641, 17 October 1878, Page 3

PROSPECTUS or, THE TAIL-RACE COMPANY (Limited). Capital, £3OOO ; in 3000 Sharps of £1 each. One Shilling per share on application j Is. 6d. per 'share on allotment; and Calls not to exceed Is. per share per month... PROVISIONAL DIRECTORS J Messrs Edwin Blake, Kumara Henry Cornfoot, Kumara R. J. Seddoh,. 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 Teremakau River to the Sbarai’ock Lead, for the purpose of sluicing all adjacent ground, together with a Claim belonging to Che Company, through which the lead of gold has hpeu proved to run, The Tunnel has been driven 2018 feet, and a shaft ; Bnhk’’96 v feet- in -.connection therewith) -/and it is contemplated to extend the Tunnel about 700 feet further, 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.Compauy 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. r amount of ’• labour and expense’ inbringing in. private tunnels such a distance, vis., 2700 feet. The promoters confidently express the opinion that the future operations of the new Company will materially tend to develope a very extensive por? tion of this district, which must of necessity largely increase the commercial prosperity of Kumara. They therefore invite the attention ofthe 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 be floated on an early date; and, as soon as 1500 applications are received, will commence further operations. | Applications for Shares will be rei ceived by ! WILLIAM NICHOLSON, j Opposite Public Hall, i Main Road.