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Announcements. PROSPECTUS OF The Wakamarina Alluvial Hydraulic Sluicing Company (Limited). (To be Incorporated under “The J/iiv iuy Companies Act, 1872.”) Capital £6,000 In 6,000 shares of .£1 each, Payable as follows 10s on application, and 5s on allotment, the balance by a call of 5s per share, if required. Provisional Directors : C. J. Owen', Draper, Havelock. A. T. Thompson, Sa windier, Para. W. B. Girling, Draper, Blenheim. G. Crichton, (Brownlee & Co.) Havelock. A. Mills, Merchant, Havelock. J. PI. Smith, Merchant, Plavelock. Mining Manager: William Oliver, Wakamarina. Bankers : Tiie Bank of New Zealand. Solicitor: S. P. McNab, Blenheim. Secretary pro. tem. T. O’Sullivan, Blenheim.

THE promoters of this undertaking have succeeded in obtaining from the Government, a Gold MiningLease of 10 acres of land situate at Wilson’s Beach, Wakamarina, at a rental of .£1 per acre, and a Lease under the regulations for the term of 15 years will issue in due course. The land thus obtained, is situate on the river Wakamarina, and consists of a rock bound terrace through which gold has been traced for the distance of upwards of a mile, and which has been prospected in 7 different places along the lead with successful results. The face is GO feet from the surface to the bottom, and there are three layers of wash, each about 5 feet thick, and each of which has shown on working from a grain to two grains of gold to the dish. All necessary water for the working of the land consisting of seven Government heads 20 in. x 2 in. has been secured by the promoters, and this supply of water further commands two miles of country. The proposed mode of working is by hydraulic power, with a sufficient sluicing fall, which from the nature of the land and other advantages 'secured, is easily obtainable. The Lease and Water Rights will be vested in the Company on its incorporation, and the promoters reserve to themselves 2000 fully paid up shares in the Company when formed. In view of these facts and the promising indications obtained from the various testings made, the promoters can with every confidence appeal to the public to take up shares in this undertaking, as it has all the elements of success to recommend it, and cannot fail under proper management to afford a handsome return upon the capital invested. As soon as the necessary amount is subscribed being not less than twothirds of the entire number of shares the company will at once be incorporated and operations commence. Copies of the Prospectus and Forms of Application may be obtained from Mr O’Sullivan in Blenheim, Mr Owen at Havelock, and Mr Syms at Picton, to any of whom applications for shares may be made up to the 30th day of June. 1880. T. O’SULLIVAN, 77 Secretary. NEW ZEALAND Loan and Mercantile Agency Company, Limited. nONSTITUENTS are reminded the \J Company makes ADVANCES on Wool, Skins, Hides, Tallow, Grain, Flax, and other Produce entrusted to their care for sale in London or in any of the Colonial Markets. ADVANCES made on the GROWING CLIPS of WOOL. Our Stores are at present at Messrs Fell Bros. & Co.’s Wharf, where Produce consigned to us may be delivered. Further information as to rates, Ac., can be obtained on application to the undersigned. J. HOLMES, Agent, 68 Blenheim. ' F. S. CHANDLER, JgELL-RINGER, BILL-POSTER, AND CHIMNEY SWEEP, Manse Road, Blenheim. 36

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MDTIM18800716.2.21.1

Bibliographic details

Marlborough Daily Times, Volume II, Issue 138, 16 July 1880, Page 4

Word Count
567

Page 4 Advertisements Column 1 Marlborough Daily Times, Volume II, Issue 138, 16 July 1880, Page 4

Page 4 Advertisements Column 1 Marlborough Daily Times, Volume II, Issue 138, 16 July 1880, Page 4

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