Page 4 Advertisements Column 5

Nelson Evening Mail, Volume XIII, Issue 182, 30 July 1878, Page 4

PROSPECTUS « » ■ , or the •^ttTiiLSBND COAL COMPANY f f COLIiiftHWOOD [Limitsd], CbLLINGWOOS, SSJLSON, Incorporated under. " The Joint Stock Companies' Act, 1866." Directors: FE ANK GUINNESS, Collingwood. JfOSEPH DURHAM BRACE, Coliingwood. WILLIAM SCRIMGEOUR, Collingwood. GEORGE RILEY, Collingwood. ROBERT WILSON, Coilingwood. WILLIAM CALVERLY RILEY, Collingwood. Bankers s THE COLONIAL BANK OF NEW ZEALAND. i Spliditdr: ALBERT P*TT, E%4. 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 to exceed £1 per Share eaph ; the first call to be made not sopped than one month after the registration of ihe Company, and.iuture Calls at intervals of riot less tharr three months. The object for which this Company is formed is to work the Coalmine at Collingwood, which has sheen opened up by the Collingwood and Para Para' Coal Companies^ '. The Owners hampurchaaed the interests of the Para Para Iron and Coal Company in this Coalmine upon very advantageous terms, including' a lease 1 from 1 the". Grown in|the Collingwood Coalfield ofatl the'iCoal in' 160 acres of land for twenty-one years from: Ist January, 1870, at a royalty Of two pericent., but not less than £16 per annum.'anda lease granted by the' Nelson- Land .Hoard inf 1875 of 760 acres in the same Coalfield at a royalty of two per ' r cent , ; apd J no£ less than ;£3B per annum. Also 2| ; a cres-and 13 isections in the township of'Eetntowri, ailfreehold,i;Jmd; adjoining the Company's wharf (also included in the purchase). , ; ! Oh 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 hisiland from Company's leasehold to freehold at a peppercorn rent. The purchase also includes all rolling stock necessary fojr successfully working the miue, il 20 tons, of iron raiis; 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 main tunnel, capable of carrying extensive traffic, being six 1 feet six inches hjgh, 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 ilittle more expenditure in driving levels on (the strike of coal, that quantity could be doubled. Ifc 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 o£ 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 descripMr George, the Engineer of the 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, 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 Colling'woqd at 18s. per ton, or delivered in Nelson at 265. per ton, leaving a handsome profit to the Company. The Owners being possessed of af very valuable property, which cost the Para Para Iron and *Coal Company over £10,000, are prepared to make the «ame over to the;Cpmpany upon the > following terms, :— 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 £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 the 180 paid up shares to be < onsidered the purchase money of the mine aqd 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 4200 f the 820 shares not,' being applied for within that period, the deposits ; paid byappHcants for shares will be returned to them withoot 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, Wel- , lington^ Ghristchurch, Dunedin,.,and AucklanoVand at 'the office of Mr J. ft/Mabin, Bridge-street, Nelson. . . J. R. MABIN, 1040 Interim Secretary. Beehive Store. Te^! 'Tea!' 10 Cases Oriental Company's facjketT as Eoyal Mixtw . Challenge M isture Standard Mixture with Green Universal Mixture In lib. and |lb. packets. : Also, CADDYS, each 51 ba. nett. Printed hints on making Tea with each packet i Ton very prime POTTED BUTTEK, 1/- per lb. ; 'Superior' to' moat -fresh butter delivered into market at this season. . A few Sides prime BACON 50 Cases Downer's KerosinelCil 25 do., Nonpareil, 150 fire test In 4-gallon Tins, with Patent Taps. Also, ! 2p Case? m^pe'f Bjc;iUiant,9/- per 4-gaUdnTin/ i At H, V. Phillies', • iBEBHreB'STOBEj [ Conierof Bridge tod CoUingwood-ct^eets.