Page 2 Advertisements Column 3

Nelson Evening Mail, Volume XV, Issue 51, 28 February 1880, Page 2

Qreymbutli^allsei-jd.CJGlliery Company [(Limited]. Capital,. ............. ..,£15,000, In/lSjOOOSharesiof £r.each, Payable jis .follows :— ,2/6 on' amplication >; J2/6 on a.llo|n\ent>japdjl/T permpbth afterwards, -^KOMOIBBg : E. Pbosbbr, EtQ. (Kempthorne, Protser ani ■• .Co:) ' :•* ' ' J i William Watr®^ Esq. (Mattih.Sr. Watson); I H. La.-w, Kfq (Henderson, Mw& Go) . John McSbeqo'r, Ksq (Civil Engineer). Robekt Wilson; Esq. (k. Wilson &Ca). William StavkLt, Esq. (•'ta'velv & Cb). Jas. Marshall, jFeq ((M«=ria.H.& Cbp©l»ni). John Davie, - Esq , ((-IcJLan.d.ref s, Bepburn, and Co. ' ' A.' { Bartlbman, Esq. (I-itcbie, Bartleman, 4tad Co). •-'••■ G. S. BBODBiCKil_*Q.(Btbirick::& Carter). D Bbbnt, Esq A .'-^P.' Dunning, Esq , (Dunping Bros). William Jenkins, Bankbbs : National Bank ov New \Ze a land . Folioitohs : Mebsbs. Hagoitt Bros. & Bbbnt. Manager fob the Promoters : William Wat^ok (bf Martin & Wataon). SEORET-tRr pro. ten : Jopn I. Carter. THE Prpmatera haying had this v_ry ralu^ble property (which cost £45,000) [offered to them, "they havb been induoed' jto ploca ifc before the public ih tbe following 'terms, viz :— They propose, to .purchasja ;the.' property for the sum of .£ 10,000 (for .particulars of which see inventory attached); the remainder of the capital to be gpent in puf- ; ting the mine in good ' working order, so tbat 'the Company wouVl he abj.e t-r pay. dividends ; shortly «s*r starting as. the. proper,t7 would, ibe perfectly clesr of debt. The promoters can i safely say that there : never wo b a property of such value as this loff-jred to the public on sueh. favorable terms jTtie gmalleet coal mine in Otago has very nearly, las much capital invested in it as there would ibe in this Cbmpany, with th's great diflfrrence. | — the ore is brown coal, tbe other a true coal. The machinery apd , plant alone cost: |the original company over _£10 000, and •would fetch nearly the h^oney if. forced .into 'the market. This property is" of much value now than it was when fi--ated jby the fiist Company, for the following; 'reasons : ; — The coal is eisilv obtained, is of lhe finest, iquality for household and macufJseturing ; !pu< poses, and its superiority for ithe production of gas has been proved bv reliable te'ts 'in New Zealand ar>d Victoria. ;Uppn the - most competent authpritv, the .promoters are jin a position to. stato tliat the Grey coal is superior to any other coal in the world for . {.as manufacturing purposes, yielding from 14-0 to 1800 fijtmore gas per. ton tban the best Newcastle c>al, ; and equal to go to 22 candle gas. as against 15 to , 1 6 candles for the latter. « This coal ih Melbourne willbring 4/ per ton more for gas making purposes than Newcastle. For these reasons the Gas En-, giceers in Australia and, New Zsslaud have expriesec i thpir williogncss to ÜBe th.ia coal; inpreference to any other," rrbvided constant and regular supplies can be obfcaircd. This outlet will abeorb at least 100,000 tons annually. i As" this Coal is admitted to be. the best Steatring Coal in the colouyj it' is prop.sed (o have constant supplies in depots and hulks at each of (he ports, where steamers and the public can always get their supplies. ; The particulars of the Property are as follow. :— A lease from the Crown of 1000 acres for 21 years (and renewable fpr another term of 21 yearp), at a yearly rental of *£20. , In the l_a.e two shafts have been sunk ; *^9 train or working shaft (circular) is lift in diameter, and is 670 ieet deep, from which coal has been raised from a seam J 7ft thick. The shaft is biicked from stonehead to sur'ace— a dietance of SO feet— and divided into three compartments. No. l,or ni-in brattice fprms pumping pit ; No. 2or quarter fcrattice fprms upcast sha_fc ; No. 3is used for downcast and working shaft. The other shaft referred Jo is 34J chains from tlie main shaft, is likewise circular, 10 feet in diameter, and 1 00 feet deep, and has beeu eunk tbrouah main eeam of coal, and witl ba the upcast when connection between the two is comp eted. .A borehole, 220 feet deep, has-been put down between the two shafts, 20|,ch8in8.froim main shaft, through the seam; §dd. proved it t^p same thickness. ' ; < ! The. pro.motsrs.iunder the advice of their-manager,.conteninl-ate ( erecting Coke. Ovens,, sufficient bricksbeing on the gf pund, to t uilcl , four or 'five ovens. Coke manufactured from the refuse coal from this ihine- is considered the best in the market, and is readily saleable a^. 30/- to B^/- per ton, f.o b. at i; Greymouth.r It is anticipated "that a largp revenue) will be derivable from thiß source. ; Fire Cay of most excellent quality is likewise iound in large quantities, and is: pronounced b# competent authority to be emi* nehtly adapted for pottery ware, sanitary* pipes; pas retbirts, fire bricks, &c. ■ Building Stbne^of a very superior descrip-' tion also abounds .on the ground comprised within the lease. „ At present it Ig. being usedi ; iii small quantities, for, monumental purpose^,, bearing as it dbes a hijgh polish. It isa fin.e cream-colored sandstone, easily worked, aad does not disintegrate from exposure to the weather, a^d is considered puperior to the.farfamed Oatnarii stone, The promoters have a strong argument to Use ih favor of this 'Company which did not exist before. The Government have spent at Greymouth in protective works, the snm of £60,000, which has had the effect of allpying,