Page 1 Advertisements Column 5

Nelson Evening Mail, Volume XVI, Issue 200, 23 August 1881, Page 1

MOI^jY TO LEND on approved FREEHOLD Securily. Apply C H BURST, eolicitor, Neieon. >? 5 " MONEY to I-F^D, on fR&IHOLD SEC B V j I SLL & ATK«'-> ON. ' MOKEY TO -LEND. 0N .EREEHOLD SECURITY, in sums to suit Borrowerß, irom £50 to £1,000 and upwards, at current rates of interest PITT.& MOOBE, v? ? Colicitorg. NelßOt., Colonial Fire and Marine Insurance Company of New Zealand. Capita 1. ....... .£2,000,000, Subscribed by: a large number of residents in the Colony, constituting the Company a Coloniai, Institution. - Insurances on-Town-and Coantry properties effected atr they ; lowest- current rates, and losses promptly and liberally settled, ADAMS & KINGDON, Agents for Nelson 1 and Marlborough. 2619 A. SCAIFE, : Accountant Ajro Commission Agbnt/ '" Hardy-street, opposite Union Bank. Agent Australian Mntual Provident Society. ' Standard Insurance Company. Certificated Accountant ih Bankruptcy, &c 3081— 12 m JOHNSTON'S UNITED MINING COMPANY," HMITt P. GOLD-MINING and MINERAL LEASES ■ Bedstead Gdixy, Coi-LiNGwoOD.I '.~ Nominai. Capitai. : £20,000, in 20,000 Shares of ileach ; of these 1,668 are Paid up ; 11,676 are Subscribed for ; and the Ealanee 6,656s upon which 2s 7|dper Share i3Paid up, are offered to the Poblic at 3s per Share. Directohs : Messrs; Bunnt, Pabker, Palmer, Franzen, Andeksox, Johnston, and .. . Jones.* I Legal Manager : A.D. Bayfeild. LEASES comprise Mineral Lease of 97 acres, within 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 metaliferoilis deposits pf Gold, Silver, Copper, Lefid.and Zinc; believed to be iii vast quantities, aud easily procurable by judicious management — for tbe last year the Company have steadily been proving the Mine. Part of the Sou-W estern Comer 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 i cry small of : ground, the " Decimal • Company * alone giving £2000 from a space of l&to2Qit.,rtdemei!\o from the late Mr Buckeridge, the Legal Manager of the " Decimal Company," to Mr JohnStoti. Mr Buckeridge further states that his Company wef*6 tinable to work their groand owing to great jealousies between the two Companies, and 'the high charges imposed upon them by the '•■ Perseverance Company T. for the use of the water and the right to work from the Y l ] PerSeVerahce •" ground. Mr Buckeridge ;fc|bnciudes his memo by saying, "but 'Owing to the great eipehse which it appeared would be necessary : 2ifld to the Company's Capital being exhausted,- the Clriirti 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 ripparatusV 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 Greek. 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 a tunnel from Kelly's Creek, ahd tenders are now called to drive 400fc, when the ' Quartz Reefs 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 1002s per ton of ore. A deposit or lode, 6ffc. 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 a'so found; rich in gold. Assay returns of Galena bave given orer 70 per cent of lead and 30ozs. 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 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 j Directors assure intending investors that no ' ;exorbitant outlay will be made in cost of getting these Shires taken up, present holders aire fully determined to prosecute work, and, ; !as a guarantee of good faith, have, by resolu- j tion duly recorded, agreed to withhold deal- ; ings with their Shares for at least two months. ! Many of the old workings, particularly the j inclined shaft, will prove of value in the re-' j opening of the Mine. Applications for Shares must be accom- j panied by a deposit of la per Sbare, and a I further payment of ls per Share will be required on allotment, and the balance of Is ; : per Share three mouths 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 Scares i wili be expended in developing the Mine. ■ Applications for Shares will rot be received j after the 25th August, md owing to the very I low price asked; as against the krown valve of the property, the Directors reserve to then;- ; selves the right of closing list of Subscribers' j prior to the 25th August. ! * From tie charac f erof the undertaking, and j its Cei'ta'uty of succe&s, bo doubt exists as to j tbe pvofit that will ensue; *---' ; *' W. :.*.: .'-.-.--U ■'• Applications for Shares to be inade'tp VA; ! D. ; Bayfeild, Broker j Hardy street; Neteon.^ ) Irt«b^t4%^^Gprajp^^^ ■■■■