Page 4 Advertisements Column 3

Nelson Evening Mail, Volume XVI, Issue 195, 17 August 1881, Page 4

JOHNSTON'S UNITED miking coMpmy, LiMiTiD. GOLD-MrniNG and MINERAL LEASES Bedstead Goxlt, Collinowood. Nominal Capital : £20,000, in 20,000 Shares ?i «f I '' of these 1 > 668 are Paid n P 5 u,b76 are Subscribed for ; and the Balance c ,656, upon which 2s 7^d per Share isPaid Share 6 Offered t0 the -Public at 3s per Jone* ' A:NDEisON » Johkston, and „J : L EGAI, AIANiGEki: A. D. BatFEILD. \ T EASES comprise TVlineral Lease of 97 ,L • --* a(;res 5 these Leases cover ground originally heia by the « Persevpr ance/- p e cimal,» and oker C O nSS £ Bedaead Gully, Colling wood, an4^SSS metahferous deposits of Gold, Silver/Copper, Lead and Zmc, believed to be invaTt quantities, and easily procurable by judicious management-for the last year the Company have steadily been proving the Mine. •fart of the Sou-Western .Corner of this ground: was worked by the " Perseverance " i and to a very small extent, also the "Decimal Company, from which (by statements ot-tn^se- Companies) it is shown that £12 000 worth, of Gold was procured from a vcrv s^all .piece of ground, the "Decimal ComP a °y £.20.00 from a space of 15^ to 20ft., vide metno from the late Mr Buckendge, the Legal Manager of the "Decimal Company," to Mr Johnston. Mr Buckeridge iurther states that his Company were unable to work their ground owing to great jealousies between the two Cdmpahies, and the high charges imposed upon them by the •Perseverance Company for the use of! the water and the right to work from the j 'Perseverance V 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 I Capital being exhausted, the claim was I ultimately abandoned, although the Share- ! holders and others believe that there is a I - a^? ! ..amount of Gold on their own and the I Perseverance ' claims." | The «f Perseverance Company" worked I their ground from an incline shaft, and! having inadequate pumping apparatus, were I prevented from .continuing, work, .a report of j Mr J C. -Richmond's to the Shareholders of I the Perseverance Company," advocated I operations from either Bedstead 'Gully or| Kelly's Creek. The Directors of "Johnston's I L mted, Company " have had an exhaustive I survey made and numerous levels taken by ! iMr.Rochfort, C.E., and have determined j on acting on Mr Rochfort's advice to put in a .tunnel- ; from. Kelly's Greek, and tenders are now called to drive 400fc, when tbe ! Quartz Reefs should be first met with, this drive Will also thoroughly dram the ground, Just outside of the Southern Boundary there is an outcrop of Silver Ore, dipping towards the Company's ground ; this has* rot been worked, although specimens assayed j gave a yield of over lOOzs per ton of ore. A i 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. i Silver to the ton. ' \ . The Mine is an exceptionally good property! The failure of former Companies is- traceable ! to a very great extent to the want of experi-i enced control over those working in the Mine. I and proper economy in working expenses. I It is expected that no further call will be | required other than towards machinery— esti-j mated, cost £1000. Calls cannot exceed 2di per month, and no call will be required for at j least six months. ■ ' ; In inviting the Public to take Shares, the j Directors assure intending investors that no 1 exorbitant outlay will be made in cost of I getting these Shares taken up, present holders ; are fully determined to prosecute work, and, 1 as a guarantee of good faith, have, by resolution duly- recorded, agreed to withhold deal-; ings -with their Shares for at least two months : _ Many of tbe old workings, particularly the 1 inclined shaft, will prove of value in the reopening of tbe Mine. ; Applications for Shares must be accom-i .panied by a deposit of Is per Share, and a< further payment of Is per Share will be re- j quired on allotment, and the balance of Is! I per Share, three months after date of allot-^ ment, 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 1 will be expended in developing the Mine. , Applications for Shares will not be received! after the 25th August, and owing to the very' low price asked, as sgainst tte known valv.eS of the property, the Directors reserve to tbem-j selves the right of closing list of Subscribers! prior to the 25 th August. '' From the character of the undertaking, and! its certainty of success, no doubt exists as to! the profit that will ensue. i Applications for shares to be made to A. ' D. Bayfeild, Broker, Hardy street, Nelson. ' Liabilities of the Company, under .£SO i -■-■■■ ' *11 Hoi*. W# sL *i h P*O kk Sew fti ' "*s eg fn E5 C« Qi ® m ' ® i SIWIP^B- s S|IIf i r> « fei B K ° Pet' * P : ABRIDGED PPOSPEOTUB of the PIOTONard S^fAKKSPEARE BAY COAL MINIUG COMPANY, LIMITED.! Capital, £25,000, in 25,000 Shares of £1 each.' 2a. p?r share on Application, 2a. on Allotment. The balacce in calls cot to exceed la. per eh-ire per month. ; vaovinoinAi. j irhctors : ■ Mr. F. T. CcDoily Mr, J. A. R. Greeneill Mr. T. Galjowsy Mr. A. T. Card : Mr. W.Fuph Mr. D.Frasor Mr. C, B)?zzurd Mr. W. Sysm . ir'etrei&ry— V7.5j;m8. ..,..., ; This Corepany h fr>p«r,e«i to*, work 'the Opal deposits on the Fenfrsula Pithin ba<f-a mile -f ihe town of PieSoi' PsyaMei'Scains of Coa! era row o.pen ; ,fpr : workine : pn tbi*. lanti,; and its., excellence.* for ; all^ furpbaea ;*ill al-| wajs csabifl It to eqmmnrid R V^ady pale. The locality of the mine enables vise's of any size to approach ie and lost! in safety, and as it is beii^v^d the Coa! ;e xista in great abupdanc^,... i o better investment ie now befdrethejpqWc. Prospectas, VitW Forms of * Appjioatioai nnd all information, may be oltiined at the Qfflceo^theGonipany. High-itreefc. Piotoni and from Mb, W. SOUT Mebon. 1390~2m