Page 1 Advertisements Column 6

Kumara Times, Issue 672, 22 November 1878, Page 1

PROSPECTUS TAIPO QUART#* MINING CO.— continued. of support already received justify the Conclusion that the Compuiy will be floated at a very early date, and appli* cations for shares are invited. 1 R» Forms of application] to ,be lobtalnedj from any of the Provisional Directors, or from , . , W. NICHOLSON, Main street, Kumara. PROSPECTUS r' i l ' OP ‘THE :: ‘ ' TAIL-RACE COM* PANY (Limited). : ; : •: ■;r; ■:.[ ■.< Capital, £3OOO j in 3000 Shares of £1 each. : One Shilling per share on application j Is. 6d. per share on allotment j and Calls not to exceed Is. per share pet month: provisional directors s Messrs Edwin Blake, Kumara Henry Corn foot, Kiunara R. J. Seddou, Kumara Henry Brown, Kumara Philip Cullen, Kumara L. J. Kumara ■ William Porter, Kumara Andrew Crawford, Kumaireu Danners i ■‘The’Bank of New Zealand. , ' SECRETARY : William Nichol&nui la t Thd 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 j 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 driVeh 2018 feet, and a shaft sunk, .95, feet, in connection therewith, and it is contemplated to extend the Tunnel about TOO feet further,- which, when completed, will at what is now known to be. the best sluicing .gro.und in the district: " ' V- v The promoters are' so sanguine of the undertaking proving., a success, that they are willing to accept 600 paid-bp shares in the new Company in fulli payment for the purchase of their Tights for all labour already done and l,expenses incurred. The boxes will be constructed to cany 30 government heads of water, thereby enabling a large number f of claims to sluice into it at a small rental, which would otherwise entail a great aniount of labour and expense in bringing in private tunnels such a distance, viz., 2700 feet. ‘ 1

The promoters confidently, express the opinion, that the future operations of the new Company will materially tend to develope a very extensive petition of ; this ■ district, which ,; mitst ‘of necessity largely increase; .-the commercial prosperity of Ktimara. They therefore invite the attention of the public to the present undertaking .as a safe and payable investment. .c *i ■ From the promises of support already received the promoters conclude that the Company will be floated ott an eirly date; and, as soon as 1500 applications are received, will commence farther operations. - Applications for Shareswill/.be re ceived by '■ -■ s '- - ! i WILLIAM HICHOLSQK Opposite Public‘Hall, i. Road. u *