Page 1 Advertisements Column 4

Nelson Evening Mail, Volume XVI, Issue 199, 22 August 1881, Page 1

MOKET TO LEND on approved FREEHOLD Security. Apply C E BOSNY, Solicitor, Kelcon. >35 MONEY to 7-^.ND, on ?REEHOLD SECCRn/Y. IELL & ATKJI* OK. MONEY TO LEND. ON PEEBHOLD SECURITY, in sums to euit Borrowers, from £50 to £1,000 and upwards, at current rates of interest, PITT & MOORE, %y Solicitors. NeleoE. Colonial Fire and Marine Insurance Company of New Zealand. Capital .£2,000,000, Subscribed by a large numbfr of residents in the Colony, constituting the Company a Colonial Institution Insurances on Town and Country properties effected at the lowesJ; current ratea, and losses promptly and liberally settled, ADAMS & KINGDON, Agents for Neleon and Marlborongb. 2619 A. SCAIFE, * Accountant asd Commission • . Agent, Hardy-street, opposite Union Bank. Agent Australian Mutual Provident Sociafcy. Standard Insurance Company, Certificated Accountant in Bankruptcy, &c. 3081— 12m JOHNSTON'S UNITED MOTS COMPANY, LIMITiD. GOLD-MINING and MINERAL LEASES Bedstead Gully, Collingwood. 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£d per Share is Paid up, are offered to the Public at 3s per Share. Directors : Messrs. Bunnt, Paeker, PalMEB, FRANZES, ANDERSON, JOHNSTON, and Jones. Legal Manager : A. D. Bayfeild. LEASES comprise Mineral Lease of 97 acres, within which is a Gold Mining Lease Of l6£ acres ; these Leases cover ground originally held by the "Perseverance," "Decimal," and other Companies in Bedstead Gully, Collingwood, and contain metaliferous deposits of Gold, Silver, Copper, Lead and Zinc, believed to be in vast quantities, aud easily procurable by judicious management — for tbe last year the Company have steadily been proving the Mine. Part of the Sou'- Western Corner of this groirhd wits 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 a ery small piece of ground, the "Decimal Com:pany J " alone giving £2000 from a space of 15 to 20ft., vide memo from the late Mr Buckeridge, tbe Legal Manager of the "Decimal Company," to Mr Johnston. Mr Buckeridge ' further states that his Company were un■able to work their ground owing to great i 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 j would be necessary and to the Company's Capital being exhausted, the claim was ultimately abandoned, although the Share- ; holders and others believe that there is a large amount of Gold on their own and the -. ' Perseverance ' claims." '! The " Perseverance Company " worked I their ground from an incline shaft, and ! ■ having inadequate pumping apparatus, were prevented from continuing work, a report of IMrJ, 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 I a tunnel from Kelly's Creek, and tenders jare now called to drive 400fc, when the ■Quartz Ree'fs 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, contaiuiner Yellow Sulphate of Copper in large quantity, was found in the "Perseverance Company's"" ground, and fouud 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 Mineisan exceptionally good property The failure of former Companies is 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 ofi getting these Shares taken up, present holders are fully determined to prosecute work, and, as a guarantee of good faith, have, by resolu-. tion 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 allot-, iment, or a discount of 2£ per cent will be, allowed to any person makingfull payment of ; the 3s p?r Share en application ; the 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 25th August, and owing to the very low price asked, as against the known valre of the property, the Directors reserve to themselves the right of closing list of Subscribers ;prior to the 25th August. . . ,: i From the character of the undertaking, and its certainty of success, no doubt exists as to •the profit that will ensue. App'ications for shares to be made to A. ;D-. Bayfeild, Broker, Hardy street, Kelson, , t XiiabUities of the Company, lender 380T- •