Page 1 Advertisements Column 5

Kumara Times, Issue 722, 22 January 1879, Page 1

P KO.-nP -otus TA I !'" QUA K'J'Z MTNIN.i COMPANY (Limited). ■ AttAHURA DISTRICT, COUNTY OF WEST LAND. Capital: £IO,OOO. in 1(),()00 Shares of .£1 ei.-h. Sixpence per share on application ; 6d. p<>r share on all-fmont; and Cails not to exeeed Q,[. per share per month. PROVISIONAL PUIECTORS : •X.ni.'.s Holmes, Esq., llukitika A. L. Kin-, Esq.. M.0.C., H kitika Thomas Cooke, r>q., Hokitika James Pearson, E-q., I [(.kitika (ieorge Bath. K-q., ilokilika James Chosney, Esq., Hokiiika J-.5e5.11 Chun lies, Ksq.. Hokifika 11. Richardson Rao, Ksq., Hokitika Charles Linnemanu, Ksq., Hokitika Hans J. Hansen, Ksq., Hokitika Thomas Ffaworth, Ksq., Hokitika. ijankeks : The Union Bank of Australia. solicitor : C. E. Button, Esq. SECRETARY : J. E- Cuddefoid, pro tern. Tlie object of the proposed Omp-my is to work the lease of the Knterpri-e Quartz Mining Company, Taipo. The ciaim is situated on Parry's Range, Arahuva District, a'-out seven miles from the Clmstchutch road, 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 expended a sum of £I3OO in 'driving:! tunnel, sinking a shaft, and generally testing the ground. Two distinct and well-defined reefs ive already been tested in the claim jne in the shaft and the other in the mine!. They are about 200 feet apart; he average width is 3ft 6in an 2ft 6in. ?he stone is equal in liohness, The tunnel has been driven 150 feot, nd the shaft is now down 30 feet. It s proposed to extend the tunnel so as o strike the reef which is being worked n the shaft. A trial crushing of about eight lundred weight of stone and nibble, -,akeu from both reefs, took place at the Bank of New Zealand, Plokitika, some time since and yielded at the rate of sozs 6dwt to the ton. The payable quantity of the stone having been thus satisfactorily proved, it is proposed that the new Company 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 prove remunerative to an extent greater than' is the case with regard to many of the best reefing companies on the West I Coast, i 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 quartz sufficient to keep a heavy battery continually employed. The road oonneoting the reefs with the main Christchurch road has been finished by the Government, and every facility is now oliered for the conveyance 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 enlire 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 oountrv, which, when opened up, must of necessity largely increase the commercial prosperity- of Hokitika, as being the nearest to.wn and port to the goklfield. They, therefaro, invite the attention of the public to the present undertaking as a. safe