Page 4 Advertisements Column 3

Nelson Evening Mail, Volume XVI, Issue 188, 9 August 1881, Page 4

JOHNSTON'S UNITED MINING OOUUTp LlffllTiD. GOLD-MINING and MINERAL LEASES Bedstead Gut.ly, Collinq-vtood. Nominal Capital : £20,000, in 20,000 Shares of £1 each ; of these 1,668 are Paid up ; 11,676 are Subscribed for ; and the Balance 6,656, upon which 2s 7-Jdper Share iaPaid up, are offered to the Pdbmc at 3s per Share. DinECTORS : Messrs. Bdnnt, Pabker, Palmer, Fkanzen, Andehbon, Johnston, and Jones. Legal Manager :A. D. Bayfeild. j T EASES comprise Mineral Lease of 97 J_J acres, withiu which is a Gold Mining Lease of 16=} acres; these Leases cover ground originally held by the " Perseverance," "Decimal," and other Companies in Bedstead Gully, Collingwood, and contain raetaliferous deposits of Gold, Silver, Copper, Lead and Zinc, believed to be in vast quantities, and easily procurable by judicious management— for the last year the Company have steadily been proving the Mine. Part of the Sou-Western Corner of this ground was worked by the " Perseverance," and, to a very small extent, also the "Decimal " Company, from which (by statements of these Companies) it is shown that £12,000 worth of Gold was procured from a very small piece of ground, the " Decimal Company '" alone giving £2000 from a space of 15 to 20ft., vide memo from the late Mr Buckeridge, the Legal Manager of the " Decimal Company," to Mr Johnston. Mr Buckeridge further states that his Company were unable to work their groand owing to great jealousies between the two Companies, and the high charges imposed upon them by the •'Perseverance Company for the use of the water and the right to work from the "'Perseverance " ground. Mr Buckeridge concludes his memo by saying, " but owing to the great expense which it appeared would be necessary, and to the Company's Capital being exhausted, the claim was ultimately abandoned, although the Shareholders and others believe that there is a large amount of Gold on their own and the ' Perseverance ' claims." ;The "Perseverance Company" worked .their ground from an incline shaft, and having inadequate pumping apparatus, were: prevented from continuing work, a report of Mr J. C. Richmond's to the Shareholders of the "Perseverance Company," advocated operations from either Bedstead Gully or Kelly's Creek. The Directors of " Johnston's United Company" have had an exhaustive survey made and numerous levels taken by Mr Rochfort, C. E., and have determined on acting on Mr Rochfort's advice to put in ai tunnel from -Kelly's Creek, and tenders are now called to drive 400fc, when the Quartz Eeef s should be first met with, this drive will also thoroughly drain the ground, Just outside of the Southern Boundary there is an outcrop of Silver Ore, dipping towards the Company's ground ; this has not been worked, although specimens assayed gave a yield of over lOOzs per ton of ore. A deposit . or lode, 6ft. wide, containing Yellow Sulphate of Copper in large quantity, was found in the "Perseverance Company's" ground, and found by assay to yield about; 30 per cent of copper, and it was also found rich in gold. Assay returns of Galena have given over 70 per cent of lead and 30ozs. Silver to the ton. The Mine is an exceptionally good property The failure of former Companies ia traceable to a very great extent to the want of experienced control over those working in the Mine. and proper economy in working expenses. ! It is expected that no further call will be required other than towards machinery— estimated cost £1000. Calls cannot exceed 2d per month, and no call will be required for at least six months. In inviting the Public to take Shares, the Directors assure intending investors that no exorbitant outlay will be made in cost of getting these Shires taken up, present holders are fully determined to prosecute work, and, as a guarantee of good faith, have, by resolution duly recorded, agreed to withhold dealings with their Shares for at least two months. Many of the old workings, particularly the inclined shaft, will prove of value in the reopening of the Mine. Applications for Shares must be accompanied by a deposit of Is per Share, and a further payment of Is per Share will be required on allotment, and the balance of Is per Share three months after date of allotment, or a discount of 2£ per cent will be allowed to any person making full payment of the 3s per Share on application ; the whole of the proceeds from the sale of these Shares will be expended in developing the Mine, i Applications for Shares will not be received ajf ter the 25th August, and owing to the very . Ipw price asked, as against the known value of the property, the Directors reserve to themselves the right of closicg list of Subscribers prior to the 25th August. From the character of the undertaking, and its certainty of success, no doubt exists as to fche profit that will ensue. Applications for shares to be made to A. D. Bayfeild, Broker, Hardy street, Nelson. ; Liabilities of the Company, under £50 MRS. SPOONER, Wellington Terrace, receives PUPILS for the PIANO6URTE, 2 J-faours a week, £1 Is. a Quarter. S27s— lm Saddlery. j? F. JONES, in returning "• thanks for the very liberal suppo?t be has rectived from the inhabitants of Bkiohtwater and surrounding district, begs o intimate that he keeps in stock or made to order at the shortest noti£e,t very required article in SADDLER* and HARNESS, which be is selling at the lowest Kelson prices. HaviDg bad fobty-six years' experience as a practical Saddler in ail its branches, can ensure satisfaction. ALL REPAIRING ATTENDED TO PDKCTOALLY. 1921— a akerstenT Sells for Cash: in OOD SOUND CONGOU 1/10 \J perlb. 9-lb. Canisters, mixed, 18s. Sugar, 4J to .v|d ; Comets, 7d, Bottled Fruits Is p r bo Hie, lla per dowm Condensed Swiss Mi.k, iOs 3d per d< zjn Candle* (dwarf composite), 8d per lb „ Non-guttering Bedroom, lla per doeen lbs. Cheese who'e ftd cut 6d Oatmeal 31bs for 6d : Soda 4lbs for 6 j j Soap 6d per bar WhUing slbs for 6d ; Soap 9/8 for 80 bars Pink es lOd, Sauces 8 I per bottle Vinegar 4d per bottle Mhtohes f/6 per gross, 250's 2d per box „ Plaids s for 1 Ad, Melbourne Plaids Ji a box, Wooden it atche* 8 boxes Id ' P»ln Killer 1/8 Patent Medicines and Druggists' Sundries A very arge a^Bortment of Shipchasdleby and Ironmongery at lor prices— f ay Bope 6d to 7Jd, Oakum be»t picked fid, Bass BroocH from £4/- to 36/- per dcz., bfft all braeß Cabiti-dcor Locks,: 8/-, Chest and Till Locks from 6d, Padlocks from 6', Gimlet* 3d, and Tools very chtap 5 in liw thank's best Nulls 3d per ib. ! 1 1 in Fi uif-br x P» ails, 2d per lb. I Machines for Stra ning Fencing; Wire, 20s. Ail Goods Wabbajjted £ound ahd Good. ESTABLISHED 1856. Compare prices 1 870— 26%