Page 4 Advertisements Column 1

Nelson Evening Mail, Volume XVI, Issue 192, 13 August 1881, Page 4

Picton and Sfra&speare Bay Coal-mining Company, Limited. THE SHARE LISTS for the above Company CLOSE oa the Twentieth inßtant, therefore early application is necessary. W. BOUT, 2491 Brokar, Saddlery. 1? F. JONES, in returning -*-■• thanks for the very liberal support ha has received from the inhabitants of Bkighjwateb and turrounding district, begs to intiaiite that he keeps in stock or made! to order at tte shortest notiee, every: required article ia -.-•..... , . SADDLER T and HARNESS, which he ?s selling at the lowest Nelson prices. . . I•. Having had fobttsix years' experience! &« a, practical B&ddkr in all ita blanches, can ensure satisfaction. j ALL REPAIRING ATTENDED TO! PUNCTUALLY. 18214-r JOHNSTON'S UNITED MINING COMPANY, LIMITS, GOLD-MINING an» ? MINERAL ;LEAgES Bedstead Gullt,Cp_llij, t qwpod. : ; Nominal Capital : £20,000, in 20,000-Shareß . of Xl.eaqh; of ,th,ea^ r l,66s.are Paid r ujp.; 1-1,676 are Subscribed foif "; and the BaUmce 6 ,656, upon which 2s 7£d per Share ia Paid up, are offered to. the ; . Public at 3s per Share. - ' ' , \ - r ,, Dihectors : Messrs. Bunny, Pabkei, Pitmer, Fbanzen, Andebsqn, Johnston, and Jqxes, . | Legal Manager :A. D. Batteild. . T EASES comprise .Mineral Lease of J97 JLJ acres, within which is a Go)d Mining Lease of 16£ acres ; these Leases cover ground originally held by. the " Perse verance," "Decimal," and other Companies' in Bedstead Gully, . Collingwood, and contain metalifefoiis. deposits of Gold, Silver, Coppjer, Lead and Zinc, believed to be in tM quantities, and easily procurable by judicious management—for the last year the Company have steadily been proving the Mine. ; Part of the Sou'iWestern Corner" of' this ground was worked by the " Perseserancfe," aad, to a very small extent, also ; the " PecVmal " Company, from which (by ' statemepts of these Companies) it is shown thatr-£12,000 worth of Gold was procured from a v|ry small piece of ground, the " Decimal Cdnvpany '" alone giving £2000 from a space of 16 to 20ft., vide memo from the late Mr Bu< ;k---eridge, the Legal Manager of the " Decii lal Company," to Mr Johnston. Mr Buckeri( ge further states that his Company were tmable to work their gro*Dd owing to great jealousies between the two Companies, dnd the high charges imposed upon them by he •' Perseverance Company for the use of the water and the right to work from ihe "Perseverance" ground. Mr Buckeri< ge concludes his memo by saying, " but ow ng to the great expense which it appealed would be necessary, and to the Company's Capital being exhausted, the claim yas ultimately abandoned, although the Shareholders and others believe tha,t there is a large amount of Gold on their;6wnand ihe 1 ' Perseverance ' claims." v ' T The "Perseverance Company" worked their ground from an incline shaft, and having inadequate pumping apparatus, were prevented from continuing work, a reporfcof 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 determired on acting on Mr Rochfort's advice to puc in a tunnel from Kelly's Creek, and tenders are now called to drive 400fc, when tie Quartz Reefs should be first met with, this drive will also thoroughly drain the ground Just outside of the Southern Boundary there is an ouccrop of Silver Ore, dipping .towards the Company's ground j this has'iot ' been ' worked, altEongb. 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, found in the "Perseverance Company's" ground, and found by assay to yield about . 30 . E^r cent of copper, and it was also foujni rich in gold. Assay returns of Galeirarhtfve given over 70 per cent of lead and 30ojza. Silver to the ton. T The Mine is an exceptionally good property The failurecf former Companies is. traceable to a very great extent to the want of experienced control over thoseVorking in the Mihe. and proper economy in working expetises.; ' iltis expected that no fuithet fcall' willibe required other than towards machinery— estimated cost £1000. Calh cannot exceeded per month, and no call will be required fo^at ' least six months. . . " :." ' 1; ' (': •' > In inviting the Public to take Shares, ihe Directors assure intending investors thatlno exorbitant outlay* will' "be iiiade in : cost of getting these Shires taken ap, present holders are fully determined to prosacute work, apd, as a guarantee of good faith, have, by resolution duly recorded, agreed to withhold dealings with tr eir Shares for at least two months. Many of the old workings, particularly the inclined shaft, will prova 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 prr Share en application ; tbe whole of the proceeds from the sale of these Shares will be expended in developing the Mine. Applications for Shares will not be received after the 2fith August, and owing to the very low price asked, as against the known value of thepropertyi the Directora reserve to themselves the right of closiDg list of Subscribers prior to .the 2b : th August. ... From tbe character of the undertaking, and its certainty of succe:s,no .doubt exists aa to the profit that will ienstie. ; • ■ ! Applications :.for i abases to be madd tojA. D. Bayfeijd, Broker, Hardy street, Nelson, Liabilities of. the CoinpaDy, under ' °