Page 4 Advertisements Column 5

New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 837, 10 August 1853, Page 4

railway, become available, such as slate of exceed ing fine quality for every purpose to which slate can be applied; limestone, timber, and fire-stonef fit for the most intense fun ace work, all of which would come to market at a moderate cost, and some of which are., at present,~in great demand. The foregoing statement shews the undertaking to possess such unusual advantages in every particular, that I have no hesitation in recommending immediate steps to obtain the capital necessary' to work the mines, feeling perfectly assured that they will prove highly remunerative^ I am, &C, W. L. Wret, Nelson, 10th June, 1853. Mineral Surveyor. The following letter was in the meantime received from T. L. Morgan, Esq., of the Burwood Smelt works, near Newcastle, in Australia, to whom* specimens of the ore had been sent : — "Burwood Smelting Works; " Newcastle, March 12, 1853. " Sir— Your favour of the 27th July, 1852 came duly to hand, with sample of copper ore. I should have replied on receipt, but from the great uncertainty that prevailed then as to the possibility of keeping* our works supplied with labour, and which has' more or less continued, combined with an expectation that I should be ablepersonally to wait upon you — I have deferred making a definite communication on the subject. I may now say, that the ore is exceedingly rich, and the indications, as : described by you, most favourable. As a smelting Company we would rather not engage in mining operations, but can assure yon the prospect you have is sufficiently valid to justify any amount of outlay, if well directed. We should he glad togive £16 to £\7 per twenty-one cwt, for any . quantity of ere of that quality delivered in Newcastle. Yon may rest satisfied that no spontaneous combustion would take place wirh that ore during any period of time, either on shipboard or else--where; I remain, &c, "• W, T. L. Travers, Esq." T. L. Morgan." A specimen of the ore was also submitted for assay to Dr. E. Davey. Government Assayist, at Adel.iide, in South Australia, by G. Tinline, Esq. r who gave the folio-wing as the results — *' Copper ore (oxide). The green portions or this specimen aie malachite the red pent ion is;' oxide, containing about 70 per cent, of copper the black portion about 30 or 40 per cent 1 ." The specimens submitted to Messt«-. Morgan 1 and Davey were mere surface- specimens, and' inferior to the greater proportion of the ore since obtained fFom the mines., On reference to authentic returns of the safes of copper ores at Swansea, it may be scon that of the pmda*e of 100 mines in* the United Kingdom, many of whii-h are of the first? ; celebrity, there are but fevrwnich exceed one-half the valae of that frem- the Dun Mountain Copper Mine?* , The report of thVeo-n tractor, w&o has been fornpwards of thirty years engaged in mining operations, snpported by such-nnbiassed and satisfactory evidence from eminent practical and scientific men, was deemed by the projectors to be* conclusive evidence of the favourable prospects of the mine, and they have therefore, in further pursuance of trie prospectus of October 8, 1852J entered^ mto a contt act withr Mr. "Wrey to proceed to England without delay, for the purpose of of raising the eapi'fal, and taking the other steps* necessary to carry on and work the mines successfully. In the mean tfrrre, in order to afford to- residentsin the colony an opportunity of investing, the Trustees have determined to reserve 5/'OO sharesuntil the Ist December, 1853, for allotment to* applicants in the colony, exclusive of the shares te> which contributors to the preliminary fund may become entitled pmsnant to the teims of the; prospectus of the &th October, 1852, and of tr^e" shares to be allotted to the Projectors as hereinafter mentioned. All applications for shares to be allotted in thecolony must be made on or b?fnrethe 3f*th November, 185-3, and must be in the foim given below, and be accompanied by a receipt frnm the Hankers, of the Company foi the full amount of the .shares*, without which, no application will he rcgisteied. Applications will he registered iv the order in* which they are received. The allotment will take place on the 1-st Decemi ber, 1553. In any case in which the full number of shares: applied for shall not be allotted to the applicant., the excess deposited by him will he repaid in full by a cheque upon the Bunkers of the Company. Persous w ho have contributed to the Preliminary Fund Jtmst declare their intention of converting their subscriptions into shares on or before the SOtfr November, 1853. Such declaration must he in the from given below, and be aoc«mpnn ; ed by the receipt given on the part of the pi ejectors at the time of contribution, without which no shares will be allotted in resppct of such contributions. The Projectors have entered into an engagement to assign their interest in the mines to the Provisional Tiustees for the use of the Company, m consideration of 3,QQQ paid up shares, which are tobe allotted to them without further application. In the establishment of the Company every possible means will be taken to limit the shareholdersto the actual amount of their respective shares, either by obtaining a Charter of incorporation from the Local Legislature, or otherwise, as shall be ■most advantageous for the interests of the Company. The Provisional Trustees wtll have full power to invest the capital subscribed in the colony in the purchase of the -freehold estate in the mines. Upon the complete establishment of *he Company in England, the Provisional Trustees will execute all necessary deeds for transferring the property held by them for the use of the Company to the permanent Trustees, or to -such other persons as ilie Directors or Managers of the Company shall direct. Applications for shares, in the following form, must be addressed to " the Provisional Trustees of the Company: — [Form of application for shares.] To the Provisional Trustees of the Cook's Strait Mining Company, Nelson, New Zealand. Gent lemen — Be pleased to allot me shares in this Company, in respect of which I forward you Bankers' receipt for the sum of £ and I hereby agree to accept the same shares, orany lessnumber which may be allotted to me, and to execute, when required to do so, any deed or deeds of settlement, or other deeds or documents which may be necessary for constituting, the Company. Yours, &c., Name Address in full Dated , 185 Application in the following form for the conversion of contributions to the Preliminary Fund into shares,must also be addressed to theProvisibnal Trustees of the Company: [Formof application for conversion of contributions * into shares.] To the Provisional Trustees of the Cook's Strait Mining Company, Nelson, New Zealand. Gentlemen — I hereby declare my intention of converting my contribution to the Preliminary Fund raised by the projectors of this Company, amounting to £ (ihe receipt for which I enclose), into shares, pursuant to the Prospectus issued by the projectors on the Bth of October, 1852, and I hereby agree to accept the same shares, and to execute, when required to dosoanydeed or deeds ff settlement, or other deeds or documents which may be necessary for constituting the Company. Yours. &c. Name Address in full Dated 185 For Wellington, applications for shares &c to bemade in the terms of the Prospectus to George Hart Esq., Lambton Quay. July 13, 1853.