Page 1 Advertisements Column 5

Kumara Times, Issue 653, 31 October 1878, Page 1

PROSPHCTUS OF Tttß TAtPO QUARTS MINING COMPANY (Limited). ATtAHURA DISTINCT, COtftfTY OF WESTLAND. CAIPitAB: £IO,OOO, in iO,OOO Shares of £1 each, Sixpence per share on application ) 6d. pet share on allotment J and Galls not to exceed 6d. per share per month. MoViNTJiAfc mftifci?ors \ Holmes, Esq., Hokitika A-. L. King, Esq., M.C.C., Hokitika Thomas Cooke, Esq,, Hokitika James Poarson, Esq., Hokitika George Bath, E?q., Hokitika James Chesney, Esq;., Hokitika Joseph Churches, Esq., Hokitika IT. Richardson Rae, Esq., Hokitika Charles Linttemann, Esq., Hokitika Hans J. Hauseu, Esq.. Hokitika Thomas Haworth, Esq.* Hokitika. BANKERS { The Union Bank of Australia. solicitor i 0. E. Button, Esq; SECRETARY : J. E- Cuddeford, pro tetrt. The object of the proposed Company is to .work the lease of tho Enterprise Quartz Mining Company, Taipo. The claim is situated on Parryls Range, Arahura District, al<oitt seven miles from the Christchurch road, and thirty-seven miles from Hokitika. The claim contains au area of 20 acres, granted as a lease to the present company by the Governor's Delegate. The prospectors have already expended a siim of £ISOO in driving a tunnel, sinking a shaft, and generally testing the ground. Two distinct and well-defined reefs have already been tested in the claimone in the shaft ami the other in the tunnel. Tiiey are about 200 feet apart > the ayeEajra.jwJdia.Y_iß. iljff Gin sm_2ft 6in Ihtt stone is equal in uchnesy. The tunnel has been driven 150 feet, and the shaft is now down 30 feet. It is proposed to extend tho tunnel so as to strike the reef which is being worked in the shaft. A trial crushing of about eight hundred weight of stone and nibble, taken from both reefs, took place at the Bank of sew Zealand, Hokitika, some, time since and yielded at the rate of sozs 6dwt to the ton. The payable quantity of the stone having been thus satisfactorily prdved, it is proposed, that the new Conipanj T shall work the ground in a more systematic manner and on a more extensive scale than hitherto, and it is confidently anticipated that with the aid of machinery, the mine Will f prove remunerative to an extent greater than is tho case with regard to many of the best reefing compauies on the West Coast. The claim is commanded by an extensive and never 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 quarts sufficient to keep a heavy battery continually employed. The road Connecting the reefs with the main Chiistchurch road has been finished by the Government, and every facility is now ottered for the conveyance of machiuery 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 tile new Company, in full payment for the purchase Of their entire right and title iii the lease, for all labor already done, and expenses incurred; The promoters are assured that tile 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 Opened up, must of necessity largely increase the commercial prosperity of Hokitika, as being the nearest town and port to the goldfield. They, therefore, invite the attention of the public to the present undertaking as a safe and paying investment; The promises