Page 1 Advertisements Column 6

Kumara Times, Issue 663, 12 November 1878, Page 1

PKOSPECTUS TAIPO.:.QUARTZ. mining CO.—continued. of support already receded justify the conclusion that the Company will be floated at a very early date, and applications for shares are invited. Forms of application to be obtained trom any of the Provisional Directors, ' or from ■ : - W. NICHOLSON, Main street, Kumara. PROSPECTUS bp THE TAIL-RACE COMPANY (Limited). Capital, .£3OOO ; in 3000 Shares of £1 each. One Shilling per share on application ; Is. 6d. per share on allotment; Calls not to exceed Is. pe,r share per month. provisional directors : Messrs Edwin Blake, Kumara Henry Cornfoot, Kumara R. J. Seddou, 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 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 sank 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 (he 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 pay-* ment for the purchase of their rights for all labour already done and ex- ' penses incurred. ' The boxes will be constructed to cany 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-Buch a distance, viz., 2700 feeC The promoters confidently express the opinion that > the future operations of the new Company will materially tend to develope a very extensive portion of this district, which must of necessity largely increase the commercial prosperity of Kumara. They therefore invite thie. attention of the /- 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 farther operations. j Applications for Shares will be re ■ ceived by ’ ui WILLIAM NICHOLSON, Opposite Public Hall, Main Road. ✓.