Page 3 Advertisements Column 2

Nelson Evening Mail, Volume XIII, Issue 146, 18 June 1878, Page 3

Lime Juice and Glycerine, Stay Busks, , Scents, Oils, Pomade Collars and Cuffs, ' •Gloves, Ribbons, Laces, Flowers, Tea Seta, Violet Powder, Purses, Pocket BcokP, Tools, Whips, Dolls, Mugs, Hats, Hair Nets, Note-paper, Braces, Boots, Handkerchiefs, PictureBooks Mouth Organs, Packet of Braid, Wool Ties, Slates, [ BARGAINS 1 ON ! WYMOND'S 6d. Table, Knives, 2 pair Socks, Looking Glasses, la-lies' Wcol and Cotton Houe, Men's Wo:l I and Cotton Socks, Drawing j Slates, Two Slates, Tadies* Ruffles, Towels (white & brown), ; Neck Ties, Novel Match Boxts, , and Unbreakable Pipes, Jet Ear-! rings and Brooches, Handkerchiefs, &c. H-A.3-X. OIT COMMEECE. ANCHOR INN, Haven roal (late Mrs. Adam). 26- HEINRICH INTEMANN.Proprittor. DESKS, WORK-BOXES, DPESSJNG CASES. &c, At R. LUCAS & SON'S. BOOKS BOUND in any style by R. LUCAS & SON. PROSPECTUS OF THE WALLSEND COAL COMPANY COLLINUWOOD [Limited], COLLINGWOOD, NELSON. Incorporated under " The Joint Stock Companies' Act, 1866." . Directors : IBANK GUINNESS, Collingwood. JOSEPH DURHAM BRACE, Collingwood. WILLIAM SCRIMGEOUR, Collingwood. GEORGE RILEY, Collingwood. ROBERT WILSON, Collingwood. WILLIAM CALVERLY RILEY, CoUingwood. : Bankers T '.' . THE COLONIAL BANK OP NEW ZEALAND. * • ; Solicitor : ALBERT PITT;' Esq:' :! I A COMPETENT MANAGER WILL BE APPOINTED. ; | Capital, £5,000, in 1000 Shares of £5 each, ! : \ Payable 10s. per Shar-s on application, an additional lOs.per Share upon allotment, and Calls, not to exceed £ l per Share each ; the first call to be made • not sooner than one month after the registration of the Company, f and future Calls at intervals of not less than three months. The object for which this Company is., formed is to work the Coalmine at Colling' wood, which has been opened up by theCollingwood and Para Para'Coal Companies. The Owners have purchased the interests of the Para Para Iron and Coal Compauy in this Coalmine upon very advantageous terms, including a lease from the Crown in! the; Collingwood Coalfield of all the Coal iii 160 acres of land for twenty-one years from: Ist January, 1870, at a royalty of two per cent., but not less than £16 per annum, and a lease granted by the Nelsoa Land Hoard in. 1*875 of 760 acres in the same Coalfield at a royalty' of two per cent , and not less than £3EJ per annum. : Also 2A acres and 13 sections iti the township of Eerntown, all freehold, and] adjoining the Company's wharf -^aleo included* in the purchase). On this freehold ther^ aro six cottages, manager's house, stables, storp- . rooms, &c. In the Owners? purchase are included also 12 quarter-acre sections, leased from W.Collins, Esq., at £12 per annum,, and the right of tramway through .his }and from Company's leasehold to freehold it' a peppercorn rent. The purchase also includes ' all rolling stock necessary for successfully, working the mine, 120 tons of iron rails 'laid; down, and two barges originally costing over £800. - j The Coal seams, five in number, have been ' cut at right angles to the dip by a main tunnel, capable of carrying extensive, traffic, being six-fe»t six inches high," seven feet wide at the bottom, and five feet wide at the top. '7 'j. 7 >1:' r : ... ,'T :< Tf *..- The mine is at present capable of throwing 30 tons of coal per day, and. with.' a little, more expenditure in driving .levels on ,the strike of coal, that quantity could be doubled. It is intended totake steps for "this- purpose without delay, .... | There is an f excel! ent iron tramway ftom the tunnel mouth to tbe end of the wh'arf, The wharf is 7 chains 45 feet long, andihas. coal bunkers and other conveniences capable' of holding 150 tons of coal. :- ■.:",' j The coal from the mine has been reported on by Dr Hector and Dr Black, who state ! that it is of a most excellent descrip l Mr George, the Engineer of the Wellington' Gasworks, has given it a high characterjfdr' gas purposes. It makes excellent coke, being free from sulphur. The Coal bas been tried on board .the " Rangitoto" and other steamers, aud given thorough satisfaction. '■ The Company intend to send none but clean Coal, and of the hest quality, to ihe market, which can be supplied in Collingwood at 18s. per ton, or delivered in Nelson at 265. per ton, leaving a handsome profit to ;the Company. . i7 ; The Owners being possessed of a very valuable property, which cost the Para Para Iron and Coal Company over £10,000, 'are prepared to make the same over to the Company upon the following terms, ' yh! ,:- — jlßo fully paid up shares in the Company toi be given to the present owners, and they also to receive out of the proceeds of the sale of the 820 shares offered to the public the sum of £90i), to be paid thus— so per cent of -the proceeds of moneys received for appli-fatipas, allotments, and calls of shares, to b&p^iid to the Owners until, such £900 be paid, jthe balance to be banked to the credit of jthe Company. This £900 and the 180, paid jup shares to be considered th-a purchase mop-ay of the mine and plant. ; ' '* j The Owners undertake not to put their paid-up shares in the market' until "tba whole of the shares offered to the public' have bleen disposed of, nor within six months bf jthe" registration of the Company. - **- ' ".* j The above-mentioned 820 shares ara now offered to the public until, the 15th JULY, 1878, and none will be allotted until then! In tbe event of 420 of the 820 shares not bejißg- " applied for within that period, the deposits paid by applicants for shares will be returned to them without dednction, and the Owners will retain the property and work the mine themselves. ! Applications for shares can be made at the Offices of the Colonial Bank at Nelson, Wellington, Christchurch, Dunedin, and Auckland, and at the oflice of Mr J. R. Mabin, Bridgq-atreet, Kelson. j J. R. MABIN, ! ■ 1040 Interim Secretary.