Page 1 Advertisements Column 5

Kumara Times, Issue 730, 31 January 1879, Page 1

j rKO 8 V K(JT us OF THK rn A;l PO- Q,U A lITIZ MINING | 1 COMPANY ..(Limited). i ARAHURA DISTRICT, COUNTY OF WEST liA'N D; Capital: .£IO,OOO, in 10,000 Shareri of .£1 teach. Sixpence per share on application ; fid. pm- share'ori ’ allottrieiit ; and Call* not .to exceed 6il. per share per month. ‘ ! 1! ' 1 ’ i , Kovisro.\kL directors : ; ' James Holmes, Esq., Hokitika A. U, Kino, Esq.,. M.C.C., Hokitika Thomas Copip,. Hokitika ' / James P.-arson, Esq.‘,' Hokitika * * ; T H 3 James Chesney, Esq., Hokitika Joseph Churches, Hokitika H. Ridiarilsdri- Rrifß Hrikßika Charles Linnerqanri,}Ksq., Hokitika Hans J. Hansen, Esq., Hokitika ; v . bankers : W* " ' ' The TTliion Bank of Aiustralia. I. ii J:.] JH’J fj V,-M>.slV SOLICITOR : /j|;Pi E. Button, Efjq., .i SECRETARY : J. E- Cuddefot d, ; prio tem. ' ;i ■ r: 1 -:lriii ■ : ■ . . . The object of the proposed Company is to work f the leasetef 1 the KitterpVise Quartz Mining GonipaiiV, Taipo. .. The cjaioi is ~ ?itua&jcl / -on Parry’s Range, A rahuja ; miles from the Christchurch road, and thirty-seven niilrisfrfimS Hokitika. 1 The claim contains an area of 20 acres, J? gi-aiited' as a u leajj© to companyjfyr the .pbVerndr’s'iyeiejljil*. - Thp pvospectora Juiye _ ,a)re;idy ‘exPBnded a isum qf,,£ iq|(),o.. iR-.dijyipg a tunnel, sinking a shaft, arid generally testing’thtegi'ound. i ■ ‘1 i 'li. ' Two" distirtcfc- arid wteU-dtefined •-'reefs have already been tested, iii ;the cHfm one iii. the shaft and the ptlrir in the tunnel. They are.about 200 feet apart; the average -width is, 3ft fiin an 2ft 6in., The stoneris.equal in richness.: i ‘i " The tunnel has heeh driven 150 feet, and the shaft is riow down 30 ; feet. ; ' It is' proposed to extend the: hiriritel sd as to strike the,reef‘wbichjs being worked in the shaft. ; , •’ /. A trial crushing...of .about eight hundred weight of stone/and rubble, taken from both reefs, took place at the Bank of New'Zealand, Hokitika,-some time since* arid yielded at the rate of oozs fidwt- to the ton. The payable quantity 6f the stone having been thus satisfactorily proved, it is proposed 'that' the hew Goiupany shall work the ground in a more systematic manner and on a more, .extensive’scale 1 hah ‘ hitherto, arid iijis 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 Coast. , . ■ The claiiri 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 sufficieii tto k,eep a .heavy battery cpn- , tinuSllyhm ployed.. ’ =j i The road coririgcting ! thte reefs with the main Christchurch road has been finished by the Government, and every facility is now offered for the conveyance of machinery to this undoubtedly! payable field. 1 ‘ C: ■' >;• -H i. : ' ;.i r The promoters and 1 shareholders in company, have such, coufidfence in tue Temufeimive natrirle |)f the grouhdVthdit tliey'afe billing to imcept two thousand four hundred paid 'rip sharesinthte new 'Coriipany, iri full payment/or the.purchase ..of their entire kriaHrele iii tnJ delsef for all labori.already- done, .and expenses in--icurred. , 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 developoierifc o? a very extensive track of reeifing' country, which, when ppenedup,- must of necessity largely 1 increase the commercial. prosperity of Hokitika, as being the nearest town and port to the goldfield. They, thereI fore, invite the attention of the public ' to the present undertaking as a safe