Page 1 Advertisements Column 5

Kumara Times, Issue 648, 25 October 1878, Page 1

PROSPECTUS OP THE . Taipo quartz mining COMPANY (Limited).’ , ARAHURA DISTRICT, COUNTY OF WESTLAND. •. Capital: £IO,OOO, in 10,000 , Shares! : of bl each. Sixpence per share on application ; 6d. per share on allotment; and Calls not to exceed Gd.per share per month. PROVINCIAL DIRECTORS :; t ‘ James Holmes, Esq., Hokitika ,v. A. li. King, Esq., M.C.C., Hokitika Thomas Cooke, Esq., Hokitika Jaiiies Peafson, l Eaq., Hokitika : George Bath,; Esq., Hokitika James Chesney, Esq., Hokitika Joseph Churches, Esq., Hokitika, ; H. Richardson Rae, Esq;, Hokitika Charles Linneraanh, Esq., Hokitika Hans J. Hansen, Esq., Hokitika Thomas Haworth, Esq., Hokitika. , ' ‘ BANKERS: The Union Bank of Australia. j SOLICITOR : C. E. Button, Esq. I SECRETARY: J. E- Cuddeford, pro tem. Tiie 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, about 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 sum of £ISOO in driving’a tunnel, sinking a shaft, and generally testing the ground. Two distinct and well-defined ireefs have already been tested in the claim— : one in the shaft and the other in the tunnel. They are about 200’ feet ; the average width is 3ft inn an 2ft 6in. The stone is equal in richness. i The tunnel has. been driven 15,0 feet, and the shaft is how down 30 feet. It is proposed to extend the tunnel so as to strike the reef which is being worked in the shaft. A trial crushing of about i eight hundred weight of stone and rubble; taken from both reefs/ took place at the Bank of New Zealand, Hokitika, some time since and yielded at the rdfcb of sozs 6dwt to the ton. !‘ The payable quantity of the stone having been thua proved; it is proposed that the hew' Cothpany shall work the ground in a more systematic manner and on'a more ex- ' tensive 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 reefing companies on the West Coast. The:claim is commanded by an extensive and mever l failing supply of water, at a high level, which can be brought on to the ground at a comparatively small cost, for working the battery. . ; When increased labor has opened up the reefs there will be a supply of quartz' sufficient, to keep a heavy battery continually employed. The road connecting the reefs with the main Christchurch yoad_ has been finished by-the Government; and every facility is now Dftered. for the conveyance of machinery to this undoubtedly payable field.' • V , ;T . 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 new Company, in full payment for the purchase of their entire right and title in the lease, for all labor already done, and expenses in-, curred. . The promoters are assured that the undertaking will - prove 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 1 opened up, must of necessity largely increase the ,commercial prosperity of Hokitika, as beirig the nearest town and port to the goldfield. They, there-! : fore, invite the attention'hf tbe public to the present undertaking as a safe and paying investment. The promises