Page 3 Advertisements Column 3

Kumara Times, Issue 642, 18 October 1878, Page 3

PROSPECTUS OP THE TAIL-RACE COMPANY (Loaf Bb). Capital, £3OOO ; in 3000 Shares of £1 each. One Shilling per share on application , Is. 6d. per share on allotment ] and Calls not to exceed Is. per share per month. PROVISIONAL DIRECTORS : Messrs Edwin Blake, Kumara Henry Cornfoot, Kumara E. J. Seddon, 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 Cbmpany is to complete a Tunnel Tail-Race from the Tererpakau River to the Shamrock Lead, for the purpose of sluicing all adjacent ground, together with a Claim ) 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 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 Company in full payment for the purchase of their rights ' for all labour already done and exi penses 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 - amount of labour and expense in ' bringing in private tunnels such a distance, viz., 2700 feet, i The promoters confidently express the opinion that the future operations , of the new Company will materially ** tend to develope a very extensive porj tion bf this district, which must of 5 necessity largely increase the comf v B il >. Isr y id tnercial prosperity of Kumara. They, therefore invite the attention of the public to the present undertaking as a safe and payable investment. Erom the promises of support already received the promoters conclude that the Company will be floated on an early datej and, as soon as 1500 applications are reGbived, will cpmmence further operatibhs. Applications for Shares will be ceived by WILLIAM NICHOLSON, Opposite Public Hall, Main Road;