Page 1 Advertisements Column 6

Kumara Times, Issue 669, 19 November 1878, Page 1

PROSPECTUS TAIPO QUARTS of support already m-*i-.>d j u *t.ify~The conclusion rime the Gompu.y will he floated at a very ea.lv date, and apple, cations lor shares are invited. Forms of.-implication to be obtained from any of the Provisional Directors, or from W. NICHOLSON, Maiu street, Kumara. PROSPECTUS ' OF THE jHJMARA TAIL-RACE COM, PANY (Limited). Capital, £3OOO '; in 3000 Shares of £1 each. One Shilling per share on application ; Is. 6d. per .share on allotment j and Calls not, to'exceed Is", per share pet month. PROVIStOJJAI, DIRECTORS 1 Messrs Edwin Blake, Kumara Hemy Comfoot;, Kuniarft K. J. Seddon, Kumara ffeury Brown, Kumara Philip Cullen, Kumara L. J. Spyers, Kximara William Porter, Kumara Andrew Crawford, Kuaiai*. : BANKERS; The Bank of New Jiealand SECRETARY : William Nicholson. The object of the proposed Company is to complete a Tunnel Tail-Race from the Tevemakau River to the Shamrock Lkul, 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 abont 700 feet further, which, when completed, will terminate at what is now known to be the best sluicing ground, in the district. Tliq promoters are to sanguine of the undertaking proving a success that they'are willing to accept 600 paid-up shares in the new Company iii full pay* me.nt (or the'purchase of their rights for all labour already done and expenses .incurred* The boxes will be constructed to carry 30 government lu-ads .of water, thereby enabling a large number of claims to sluice into it at a small rental, which would oihorwise entail a great amount of labour and expense in bringing in private tunnels such a distance, vfe., 2700 feet* The promoters confidently express the opinion that the future operations of the new Company will materially tend to develope a very extensive tion of this district,, which must of necessity largely increase the mercial prosperity of Kumara. They therefore invite the 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 further operations. Applications for Shares will be r© ceived by WILLUM NICHOLSON, Opposite Public flail, Main Road.