THE MAHARAHARA COPPER

Manawatu Herald, 8 February 1889, Page 2

THE MAHARAHARA COPPER

FLOATING THE COmAXT. i . ■■ .ft.;*.. £16,000 SUBSCWBKH The Woodpile Exaqriner says :— lt if wi»h pleasure we record the fact that tM Mftharabara Copper Mining Company it now definitely to be floated. Tbe proi. pectus will be issued in a few days. The capital to start with is £80,010 in 80,000 £1 shares, of which 16.000 have already been taken up by tbe promoters. The promoters of the mine aw— Messrs J. D. Ormond, T. Tahrier, W. Nelson, J. H. Coleman, J.T.' : Carr, H. Baker. N. MDairmid, E. W. &oowie_t, 0. B. •Hoadley. H A. Banner, JiVW Brown, and Captain Easaolh All afe%hod men and true, and whose connection wjtb any enterprise should be sqfl-.ci.Uvt ..proof of its genuineness. It is stated <{bat the large lode can be worked th a depth of something like- 600 feet .wftfttftft being troubled with water; ana the fitftght at which _ tbe lode stands mnans i large reduction in tbe cost, of haulage;. The ore is of tbe same olasai and ; richness at Burra, and the only disadra.p^g4 under which the local i raine, l wa^,h} a* «> - mpared with that, would be the? want of coal on tbe spot fbf smeitiue! On tbe completion of the Gojge ItWcbal could be lauded at FoiWuft l^; m West Coast and delivered liKWodrfvlle.by rail at litUtf4tocreased cost, but as wt have already pointed out coal would not be necessary for a few years at least at charcoal could be made cheaply enough for smelting requirements- The main question connected with the lodMHII be, is there sufficient ground on which to tfgpidusiy prosecute ,'tfcf wdrk? We asy undoubtedly tber4.i*.o Bfefpftre has bddir found in a targe ho&t, there jta.a strong probability, of rf&lajie being _fr .pMmfcuejit one H With^lPMrnanence ofc f taflflffrfe of .^ m&eWffld there is uo doubt fytt^mtfVWLxrics of copper it wpujd be i \ firft r7f(nnvest> ment. If success fdl, IftetmlliS* would employ from 10Mt6 A^^|$ whq, with their families, wbuld mean an ad. diKon o\ 6000 to 5000 to our popuJationTbere is the risk ofiloss but there Ualao ,tbe chaatttof greatly lfrrtha diafoet as well as lo individuals.— Examiaer.