Page 3 Advertisements Column 2

Nelson Evening Mail, Volume XIII, Issue 170, 16 July 1878, Page 3

NOTICE, THEREBY GIVE NOTICE that on (he 17th day of June, 1878, I purchased from JOHN Pft'OEH A MSAY, the who ocf I i< interest in FAI.-iBROOKFAKM. Qdajl Vallei, und thai the Pannprship si-ting let ween HhNKV TII'HkTP nn' JOHN J'RlO RAMS vias DXStOLVhD t>y u.utui! fousL'Ut en that date. And I further give notice that I will not he mponr-ib'e for sny Delts contractei by the said John Price Kem-'-iy. BENRY TIPPETT. Fsiirbrook Fa r m, Quail Vail?)'. 2351—3 £200l EWABD - THE above Reward will be paid by the Nklson Insurance Companies Association for such information as slia'l lead to the conviction of the f«Tson or perrons who SET FIR'-' to the HOUSE belonging to James Watkins Ksq , situate in Trnfa'^nr-street Nelson, on THURSDAY, 27th June, 1878. Information lo be given to the Police. By order of the Sub- committee, A. W. SCAIFR, Hon. Secretorv. Nelson, 4tlx J uly, IS7B. 2263 His Exci llency tlio Governor wi ! l grant a FitKE PARDON to any person irnpliciited in the sai.i act, not being the principal offender, who shall give such information as will lead to t-.e hpprthension and conviction of any one or more of the other offenders. PROSPECTUS OF THE WALLSEND COAL COMPANY COLLINhWOOD [Limited], COLLINGWOOD, NELSON. Incorporated under " The Joint Stock Companies' Act, 1566." Directors : FRANK GUINNESS, Collingwood. JOSEPH DURHAM BRACE, Collingwood WILLIAM SCRlMGEOUß, Collingwood. GEORGE RILEY, Collingwood. ROBERT WILSON, Collingwood. 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 £0 each, Payable 10s. per Share on application, an additional 10s. per Share upon allotment, and Calls, not to exceed £1 per Share each ; the first call to be made not sooner than oue month after the registration of the Company, and tuture Calls at intervals of not less than three months. The object for which this Compauy is formed is to work the Coalmine at Collingwood, which has been opened up by the Collingwood aud 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 in 100 acres of land for twenty-one years from Ist January, Is7(), at a royalty of two per cent,, but not less than £10 per annum, aud a lease granted by the Nelson Land l>oard in 1875 of 700 acres iu the same Coalfield at a royalty of two per cent., and not less than £3S per annum. Also 2.\ aces and 13 sections iu the township of Fer.itown, all freehold, anil 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 arc 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 rolliDfr stock necessary for successfully working the mine, 120 tons of iron rails laid down, and two barges originally costing over 4ISOO. 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 feet six inches high, seven feet wide at the bottom, aud 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 the end of the wharf, The wharf is 7 chains 45 feet long, aud 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 ifc is of a most excellent descripMr George, the Engineer of the Wellington Gasworks, has given it a high character for gas purposes. It makes excellent coke, being free from sulplur. The Coal has 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 best quality, to the market, which can be supplied in CoUingwood j at 18s, per ton, or delivered in Nelson at 20s. 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 : — IBO 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 820 shares offered to the public the sum of £90i', to be paid thus — 50 per cent of the proceeds of moneys received for applications, allotments, and calls of shares, to be paid to the Owners until such £900 bo paid, the balance to be banked to the credit of the Company. This £900 aud 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 that period., the deposits paid by applicants for shares will be returned to them without deduction, and the Owners will retain the property aud 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. Bridge-street, Nelson. J. R. MABIN, 1 1040 Interim Secretary,