Page 1 Advertisements Column 5

Kumara Times, Issue 643, 19 October 1878, Page 1

pii os^Kctus OP !IIE fTAIPO QUARTS MINING JL CO MPA NY (Limiteil). ARAHIiRA rijSTRICT, COtJNTY df WESTLAND. Capita! ; £IO,OOO, in-.10/dtfO Shares Of £1 each. Sixpence per share on application ; od. per share dh allotment j and Calls not to exceed 6d. per share' rtttr fnonth. PIttJVINCIAIi DIRECTORS: JanfeS Holtnes, Bftq., Hokitika A. ii; King, Esq., M.C.C, Hokitika Thoihas Cooke, Esq., Hokitika Janies Pearson, Esq., Hokitika George Bath, Estj., Hokitika James ChCsney, Esq., Hokitika Joseph Ch,torches, Esq., Hokitika H. Richardson Rae, Esq., Hokitikd Charles Litinemann, Esq., Hokitika Hans J. Hansen, ESq., Hokitika Thomas Haworth, Esq., Hokitika; BANttkEs: The Uhion Bank of Australia. sotlciTOß: C. E. Esq. SEfc'RETArit i | d. E- Cuddfeford/ pro teifi. Thh object of the proposed Company is to Work the lease of the Enterprise Quart* Mining Company, Taipo. The claim is situated on Parry’s., Range/ Arahura District/ about saved miles from the ChristcHUrch road, and thirty-seven miles froffi Ifokitika; The claim contain an area of, 30 acres,, granted as a lease' tp the present company by the Governor’s Delegate. The prospectors hafe already expended a sum of £ISOO in driving a I tunnel, sinking a shaft, and generally j testing the giotind. j Two distinct and well-defined reefs have already been tested in the Claim—one In the shaft and the othef ito the tunilel. They are about 300 feet apart j the average width is 3ft 6in ad 3ft fiin; The Stone is equal in richness; 'file tunnel has been driven 160 feet, and the shaft is nOW down 30 feet. It is proposed to extend the tUnnCl Sol aS to strike the reef which is being, wofkOd in the shaft. A trial brushing of about eight hundred weight of stone and nibble, taken from both reefs/ took place at the Bank of New Zealand, Hokitika, some time since and yielded at the rate Of sozs 6dwt to the ton. The payable quantify Of the stone having been thUa satisfactorily proved/ it is proposed that the new Company shall work the grOUnd iri a mote systematic manner and Oil d more extensive scale than hitherto/ and it is confidently anticipated that With the aid of machinery, the mine Will prove remunerative to an extent greater than is the case with regard tO many of the best feefing Companies On the West Coast; The claim is commanded by an extensive and never failing supply of water at a high levfel, Which can be brotight on to the ground at a tively small cost/ for forking the batr tery; When increased labdr has opened Up the reefs there will be a supply of quart# sufficient to keep a heavy battery continually employed. The road Connecting, the reefs with, thfe main Christchurch road has been finished by the Government, and CVety facility is now ottered for the Conveyance of machinery to' this undoubtedly payable field. The promoters and shareholders in the present company have such confidence in the remunerative nature of. the’ ground, that they are willing to accept two thousand four Hundred paid up shares in the nfew Company, in fdll payment for the purchase of their entire right and tide in the lease’/ for all labor already dOne, and expenses incurred; The promoter# are assured that the undertaking will prove 1 a complete success,- and confidently express an opinion that the' future Operations of the new Company will materially tend to the development of a very extensive track of reefing Country, which, when opened up, mUst of necessity largely increase the commercial prosperity Of Hokitika, as being the nearest town and port to the goldfield, 'fiiey, therefore, invite the attention Of the public tO the present iiUdertaking as a safe and paying investment; THC promises