Page 3 Advertisements Column 4

Nelson Evening Mail, Volume V, Issue 212, 8 September 1870, Page 3

PROSPECTUS OP TIIE DORAN'S REEF GOLD-MINING COMPANY, WANGAPEKA, (REGISTERED.) To be Registered under the " Mining Companies Limited Liability Act, 1865" and the " Mining Companies Limited Liability Act Amendment Act, 1869." CAPITAL, £10/100, in 2000 Shares of £5 each. A Deposit of If s. per Share to he made upon application, with the further subscription of 20s. upon allotment, which will take place as soon as half the number of Shares have been applied for, and of which not less than one month's notice will be given. The balance to be subscribed in calls not exceeding 10s. each, of which notice by advertisement will be given one month before they become due, at intervals of not less than one month. Provisional Directors. Mr. C. L. Maclean", Mr. J. Bttrkett, Mr. IT. E. Curtis, Mr. J. It. Dodsox, Mr. John Thornton, Mr. It. Pollock, Mr. P. Bbees, Dr. W. W. Squires, Mr. A. Biddell. (With power to add to their number.) Bankers . Baxk of Hew South Wales. Le<jcd Manager : Mr. K. Prestox Baix. Solicitor : Mr. C. Y. Fell. Brokers : Messrs. Curtis Brothers. Registered Office: Hardy-street (Opposite- Uxiox Baxk of Australia), Nelsom. The properly of the proposed Company consists of a Prospector's claim (420 feet along the line of resf by 300 feet in width), known as ■'Doran'?," situated on a spur between Blue and Nuggety Creeks, at Wangapeka, and entirely apart from the ground at present in dispute. The reef has been laid bire and proved at a point about the centre of the claim, and is found to be five feet thick, and the gold contained therein is very fine, but appears to be evenly distributed through the stone. Mr. Burnett, a gentleman we 1 ! known in the province, was requested to proceed to the reef for the purpose of exploring it and obtaining 10 cwr. of quartz ; this he did, and having seen the quartz placed in sealed bags for transmission to Nelson, he afterwards made a formal report, which may be read in the Nelson Examiner of the 10th of August, or at the office of the Legal On the sth of Aujust, 21- cwt. of the stone brought down under Mr. Burnett's direction was crushed in Nelson, in the presence of two of the Provisional Directors, and yielded 5 dwts. of retorted gold. On the 12th of August, a second crushing of 21 cwt. of the smie stone was mxcle, under the same supervision, the proceeds of which still in the quicksilver were transmitted in a sealed jar to Dr. Hector, at Wellington, who reported the result of his analysis as follows : — " Analysis complete : totil gold in mercury, 5 dwts. 15grs." — equivalent to 2-1- ozs. per ton. Several other tests had been previously made, which showed a singular uniformity of results, none of them yielding less than at the rate of 2 ozs to the ton. From the nature of the ground in and around the claim, drives can be rut in at almost any level, whereby the workings can be drained without the expense of shafts or machinery for pumping, and an unlimited supply of water can be obtained from Nuggety Creek for driving the jaftery, &c. The Prospectors agree to transfer the whole of their right, title, and interest in this claim, on the following conditions : — That they receive two hundred and fifty pounds (£250) sterling as coon as the one-half of the subscribing shares are allotted : a further sum of two hundred and fifty pounds (£250) sterling when the Company is registered or deemed to be floated; and a third sum amounting to five hundred pounds (£500) sterling when there shall have accrued from the working of the mine, and the gold produced, clear of all working expenses, profits to the amount of three thousand pounds (£3,000) sterling available for dividends. That they also have alloted to them four hundred (400) shares out of the two thousand (2,000) shares of which the Company is to consist, such four hundred C 400) shares to be deemed to have paid all demands upon them in respect of subscribing towards the nominal capital of the Company, ie., they shall be deemed, to be paid-up shares in the Company. The Prospectors have agreed not to sell any of thier paid-up shares below par for a period of six months after the formation of the Company. All preliminary expenses such as advertising, printing, brokerage, and other expenses connected with the formation of the Company, will bechargedto the capital of the Company . All profits of the Company are to be divided in proportion to the number of shares, and the working expenses will be divided and borne in like proportion. It is proposed to commence operations as soon, as eight hundred (800) shares have been applied for, or sooner, should the Directors deem it advisable. The Provisional Directors will remain in office- ' during the first six months from and after theregistration or floating of the Company, unless any of them should wish to retire, when thevacancy or vacancies will be supplied by votes of the remaining Directors. Permanent Directors ■will be elected at the first half-yearly meeting. Application for shares to be made to Messrs. Curtis Brothers, Brokers to the Company. 1635