Page 3 Advertisements Column 2

Nelson Evening Mail, Volume XIII, Issue 167, 12 July 1878, Page 3

MR. CHEPMELL desires to receive PRIVATE PUPILS reading for Univeruy or other Examinations. Address Was*--ingtonVailef. 2269— 12p WANTED, a MISTRESS for m • „ , Aided Fcocol at Pakawao, j Golden Bay. Probable Income, £72 per annum. , Application may be made to the underpigned, personally or by wtitiDg, not later Hhan July 29ih. W C. HODGSON. 2592-6 . Education Office, Nefeon. £20Q~ EWAED - THE above Reward will bo paid by the NfiLsoN Insurance Companies Association for such informntion as shall lead to the conviction of the person or persons who SET VIR* to the HOUSE belonging to James WaTkins fcso., situate in Trafalgar- Btreet South, Nelson, on THURSDAY, 27th June, 1873. Information fo be given to the Police. By order of the Sub- committee, A. W. SCAIPE, Hon. Secretary. Nelscn, 4th JuJy, 3878. 2263 His Excellency (he Governor wi'l grant a FREE PARDON to any person i re plicated in tbe ea:d *»ct, not being the principal offender, who shall give such information as will lead to the apprehension and conviction of any one or more of the other offenders. PROSPECTUS OF THE WALLSEND COAL COMPANY COLLING WOOD [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, Colliugwood. WILLIAM CALVERLY RILEY, Collingwood. Bankers : THE COLONIAL BANK OF NEW • ZEALAND. Solicitor : \ ALBERT PITT, Esq. A COMPETENT MANAGER WILL BE APPOINTED. Capital, £5 000, in 1000 Shares of 1 £5 each, Payable 103. per Share on application, an additional 10s. per Share upon allotment, and Calls, rot to exceed £l per Share each ; the first call to be made not sooner than one month after the rejisiration of tbe Company, j and tuture Calls at intervals of j not less than three months. J The object for which this Company is I formed is to work the Coalmine at Colling\yood, which has been opened up by the Collingwood and ' Para Para Coal Companies. The Owners have purchased tb« interests of the Para Para Iroa and Coal Company in this Coalmine upon very advantageous terms, including a lease from the Crown in the Collingwood Coalfield of all 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 Hoard in 1875 of 760 acres in the same Coalfield at a royalty of two per cent., and not less than £38 per annum. Also 2£ acres and 13 sections in the township of Ferntown, all freehold, and adoining the Company's wharf (alao 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 sections, 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. The purchase also includes all rolling stock necessary for successfully working the mine, 120 tona of iron rails laid down, and two barges originally costing over £800. The Coal seams, five in number, have been cat at right angles to the dip by a main 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 onjthe strike of coal, tbat 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 the 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 tbat it is of a most excelleafc descripUr George, the Engineer of tte Wellington Gasworks, has given it a high character for 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, and of the best quality, to the market, which can be supplied in Colliogwood at 18s. per ton, or delivered in Nelson at 265. per ton, leaving a handsome profit to the Company, Tbe Owners being possessed of a very Taluable 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 : 180 I fully paid up shares in the Company to be given to the present owners, and they also to receive out of the proceeds of the sale of the j 820 shares offered to the public the sum of £90n, 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 the 180 paid up shares to be < onsidered 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 the 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 - paid 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 Mr J. R. Mabin, Bndge-street, Nelson. . , J- R- MABIN, ♦°*° Interim Secretary.