Page 3 Advertisements Column 2

Nelson Evening Mail, Volume XIII, Issue 160, 4 July 1878, Page 3

CITY OF NELSON. Towa Clerk's Office, 3rd July, IS7B. \ IL GENERAL and WATER RATES ____. now due must be paid at the above < ma on or before S VTURdAY NEXT, the oth instant, after which date LEGAL PROCEEDINGS will be taken WITHOUT FURTHER NOTICE. i H. V. GULLY. t 2246—2 Town Clerk, FOR SALE. A MILCH COW, near Calving. 2253-2 Apply to F. TRASK. HAIR ! HAIR ! ! HAIR !! I WH. WEST bas just received the Larg- • est and Best Selected Assortment of ORNAMENTAL HAIR AND PADS ever imported into New Zealand, and Now on Salb at THE OLD STAND, established 20 years. A Ladies' Hairdresser on the Premises. —12 GOLDEN RIDGE QUARTZMINING COMPANY [Limited]. THE Ordinary HALF-YEARLY Meeting of Shareholders will be he'd at the Institute. Collingwood, on SATURDAY, the 13th July, 1878, at 2 p.m. JOHN ROSS, Manager. Collingwood, 29th Jane, 1878. 2234—4 PROSPECTUS OF the WALLSEND COAL COMPANY COLLINGWOOD [Limited], COLLINGWOOD, NELSON. Incorporated under " The Joint Stock Companies' Act, 1866." Directors : FRANK GUINNESS, Collingwood. JOSEPH DURHAM BRACE, Collingwood. WILLIAM SCRIMGEOUR, Collingwood. GEORGE RILEY, Collingwood. ROBERT WILSON, Collingwood. ; WILLIAM CALVERLY RILEY, Collingwood. Bankers : THE COLONIAL BANK OF NEW ZEALAND. Solicitor : v ALBERT PITT, Esq. A COMPETENT MANAGER WILL BE APPOINTED. Capital, £5,000, in 1000 Shares of £5 each, Payable 10s. per Share on application, an additional 10s. per Share upon allotment, and Calls, not tc exceed £ 1 per Share each ; the first call to be made not sooner than one month after the registration of the Company, and tuture Calls at intervals of not less tban three months. The object for which this Company ia formed is to work the Coalmine at Collingwood, which has been opened up by the Collingwood and Para ParaJCoal 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 tbe Crown in the Collingwood Coalfield of aU the Coal in 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 Nelson Land Koard in 1875 of 760 acres in the same Coalfield at a royalty jof two per cent., and not less than £38 per [ annum. Also 2 J acres and 13 sections in the township of Ferntown, all freehold, and adjoining the Company's wharf (also included in the purchase). On this freehold there are six cottages, manager's house, stables, storerooms, &c. In the Owners' purchase are included also 12 quarter-acre sectious, leased from W. Collins, Esq., at £12 per annum, and the right of tramway through his land from Company's leasehold to freehold at a peppercorn rent. Tbe 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. The Coal seams, five in number, have been cut at right angles to the dip by a mam tunnel, capable of carrying extensive traffic, being six feet six inches high, seven feet wide at the bottom, and five feet wide at the top. ; 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 to take steps for this purpose without delay. _ There is an excellent iron tramway from the tunnel mouth to tbe end of the wharf, The wharf is 7 chains 45 feet long, and has coal bunkers and other conveniences capable of holding 150 tons of coal. The coal from the mine has been reported on by Dr Hector and Dr Black, who state that it is of a most excellent descripMr George, the Engineer of the Wellington Gasworks, ha 3 given it a high character for I gas purposes. It makes excellent coke, being free from sulphur. The Coal has been tried on board the " Rangitoto" and other steamers, and given thorough satisfaction. • The Company intend to send none but clean Coal, aud of the best quality, to the market, which can be supplied in Collingwood at 18s. per ton, or delivered in Nelson at 263. per ton, leaving a handsome profit to the Company. 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, viz : — I BO fully paid up shares in the Company to be given to the present owners, and tbey also to receive out of the proceeds of the sale of the 820 shares offered to the public the sum of £900, to be paid thus— so per cent of the proceeds of moneys received for applications, allotments, and calls of shares, to be paid to the Owners until such £900 be paid, the balance to be banked to the credit of the Company. This £900 and tbe 180 paid up shares to be considered the purchase money of the mine and plant. The Owners undertake not to put their paid-up shares in the market until the whole of the shares offered to the public have been disposed of, nor within six months of the registration of tbe Company. The above-mentioned 820 shares are now offered to the public until the 15th JULY, 1878, and none will be allotted until then In the event of 420 of the 820 shares not being applied for within tbat period, the deposits Daid by applicants for shares will be returned to them without deduction, 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 office of Air J. R. Mabin, Bridge-street, Nelson. | J. R. MABIN, ) * o^ o v Interim Secretary.