Page 2 Advertisements Column 1

Nelson Evening Mail, Volume VIII, Issue 113, 12 May 1873, Page 2

PROSPECTUS OF THI ALBION /^OAL /^OMPANY LIMITED. Situate at Ngakawau Eiver, on the West Coast of New Zealand. To be Incokpoeatbd Under the Joint Stock * ' Companies' Act, 1860. Capital-^£60,000, in 6,000 Shares . OF £10 EACH. Deposit on Application ss. peb . Share, and ..JL. ,ss. on Allotment. V. .Calls Not to JExoeed ss. pee Month. Provisional Directors : J. Dbanspield, Esq; W. B. Rhodes, Esq. Walter Turnbull, Esq. John Henderson, Esq., CE. Joseph Howard, Esq. Acton Adams, Esq. S. Thorpe, Esq., M.D. Managing Director :. Albert Bbbtham, Esq. . This Company is being formed for the purpose of working that portion of the coal seams of the Mount Rochfort District, on the West Coast of New Zealand, the natural outlet of which is at the Ngak*wau River, with the object of supplying to New Zealand, from her own soil, a coal at once | superior in quality and lower in price than can be obtained from New South Wales. ' * Its evapoiating power is considerably higher than Grey 'River coal, which has, up 'sto the j present been considered the best available coal in „ New Zealand; and tested against the average j New South Wales coal delivered in this.country, | it possesses 25 percent more evaporative power, rendering it. consequently of one-fourth more value, which, in" addition to." the saving of labor and space, is for ocean steamers a great consideration. A lease of 400 acres has been obtained, and the whole of it is (believed to contain coal;.. Aj larger area, extending into Mount Frederic, has been applied for, ia order that* the operations of the Company may be conducted ou a scale commensurate with its national importance. The thickness of the seam is now over twenty feet. At present the p.s. Result is supplying Westport with coal from this mine, and small craft are carrying away coal from the pit's mouth at 10s per. ton. Comparatively inexpensive harbor works will render the river available for, vessels drawing 1.0 feet of water; but it may be improved indefinitely. ' ''"• •■'•'•■••-' A mine possessing these advantages can at once secure, a ready market both in this .country and in JJ Victoria;—-the Quantity Vof New South Wales coal alone'consumed last year in this . country exceeding 100,000 tons, and a demand for ' Ngakawau \ coal having already sprung up "in ;. Melbourne,,:,;,..a:;- VV r: .*;^..„„:;.>. „,....*..^., „,...,,.....,„:> ... Prostectuses and Fprms of Application and further information; :may; be obtained of the. undermentioned Agents:—- y^ryi. ;,'MbBR^ : . ry,".] JiVIXRAHSPiBLDV-Weliingtoh,:*.(.■'•'". V; Richard Gablick, Auckland ■".' TATioR andyrWX-pei Wanganui./:" . V* j--'yy)W.'W^akbi;i^ctqxL.>y^y')(r' •"'**•.''' '.'"' 1! ' '■'■•'•':*• V J.,p. MAOTHEMON^ChristchurchyJ-x ; :Wi;ANpJG;'TTONBULI,i;Du^ 1227 : yy£yyy :^(^3M^^<^^kyyyy y ■ V*r^^j/y- y- "■&.4Vof:!Westpprtjjib tpns^egister^: ywl&tig^^ 'i ■%S3^^ :'■ ■ ;jßK^i'^^^^^''a'»^^ ' J;'g|fflW^piV|sKM^^ :'