Page 1 Advertisements Column 5

Kumara Times, Issue 702, 28 December 1878, Page 1

> . .. PROSPECTUS ... OF THE ■ ■ i Taipo quartz mining COMPANY (Limited). V , ARAHURA DISTRICT,. COUNTY OF ■ ■ . WESTLAND. , , m . Capital : £IO,OOO, in 10,000 ! Shares of£l each. r : Sixpence per' share on application ; 6d. per share on allotment ; and. Calls not to exceed 6cL pet' share per month. : • i , ~ PROVISIONAL DIRECTORS : James Holmes, Esq., Hokitika A; L. Ring,. Esq.,: M.0.C., Hokitika Thomas Cooke, Esq., Hokitika; " James Pearson, Esq., Hokitika George Bs#, Hokitika James GhCsney, Esq.,- Hokitika ‘ ‘ Joseph Churches, Esq.,-Hokitika H. Richardson Rae, Esq., Hokitika , Charles Linnemann, Esq., Hokitika' Hans J.’Hansen, Esq., Hokitika Thomas Haworth, Esq,, ,Hokitika. ~ >, bankers: The Union Bank; of Australian solicitor ; C. E. Button, Esq. SECRETARY : ' -J. E : Cuddeford, tem. The object of the proposed Compimy is to .work the lease of the Enterprise Quartz Mining Company, Taipo! The 1 claim is situated on Barry's Range, Arahura District, about seven miles from the Christchurch imd,.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 ex- j pended a sum of £lsoo''in drivings' tunnel, sinking, a shaft, and generally' testing the ground. " : ' !l • Two distinct and well-defined reefs have already been tested in the claim— 1 pne in the r ,shaft nndt in .the’ tunnel. They are ahout2oofeet apart; ! the average width is;3ft 6in an 2ft 6in., , Thq stone is equal, in richness. ! The tunnel, has been'driven IfiO 1 feet, and the shaft ri now down! •30 feet. It 11 ,is proposed., to exteqd the tunnel so as 'to "strike the reef which is!Unrig wofcked in the shaft;

A trial crushing of about eight h weight- of stone and-rubble, taken from Koti jff&Ce Bank of New Zealand, Hokitika, some time sitied. and-yielded; at,..thg rpte of sozs 6dwt ,to the-ton.. ... The payable quantity of )the stone Hvingjbeen, thus, satisfactorily proved,; i't'is proposed I 'tliat khe ttlsw-'Company shall work the ground in a more; systematic manner and pp; a more extensive scale. than hitherto, and .it is confidently anticipated that Vrittt ! the aid of machinery, the mine will prove remunerative to an extent greater .than is the case with'regatd to ttianytef the best reefing companies oar 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 U coimparatively small cost, for working the bat-' tery. ' ■ • .. 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 road has been finished by the GoverntSent, and every facility is now otteredsfor/.thd ednvey-, ance of machinery 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 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 incurred. 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 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