Page 3 Advertisements Column 5

New Zealand Times, Volume XXXIII, Issue 5371, 14 June 1878, Page 3

■Prospectus WEST WANGANUI COALFIELD COMPANY (LIMITED), West Wanganui Inlet, Nelson. To be Registered under tiro “Joint Stock Companies Act, 18 .” " Capital, ... ... ... £50,000, ■ In 10,000 Shares of £5 Each ; ss. per share on application, ss. on allotment, and ss. per share at intervals of not less than one month after the registration of the Company. Provisional Directory : Jacob Joseph. Esq., merchant. E. W. Mills, Esq., merchant. E. D. Butts, Esq., Chief Postmaster. E. E. Wright, Esq., Christchurch. Joseph Joseph, Esq., merchant. Andrew Young, Esq. E. A. Krull, Esq., merchant. ■ James Gilligan, Esq. Hon. M. S. Grace, M.L.C. A. de B. Brandon, Esq., M.H.D. John Plimmer, Esq. J. H. Wallace, Esq., J.P. Seymour Thorne George,-Esq.-D. Mclntyre, Esq. Head-quarters of the Companyto be at Wellington. ' Banker - - The Bank of New Zealand. Solicitors : Messrs. Brandon and Sons. A competent General Manager will be appointed. J. F. E. Wright, ■ ' Secretary pro tern. The promoters, in offering to the public this most valuable property of one square mile of land (640 acres), held under lease for twentyone years at Is. peraore from the Native Lands Commissioner, Nelson, do so in the firm belief that this coalfield will be the source of a very large part of the supply for the whole of the colony. The coal is better known in Nelson than in any other part of New Zealand, aa small traders have for many years past been in the habit of supplying that market from this district to a limited extent ; and the coal is so well liked, that it is understood none other would he used for domestic purposes could a constant supply be depended on. The promoters of this proposed company have at considerable expense, to prove beyond doubt the existence of an extensive coalfield, sunk a shaft 50tt., driven on the coal on main level 53ft.; put in a heading of .20ft., and have a chamber of 10ft. square. The seam of coal is about sft. 6in. thick, with a tendency to increase. There is a 10 horse-power engine on the spot, ropes, gear, boat, buildings, &c., &c., now working under only these prospecting appliances, yet getting ■ out from seven to ten' tons of coal per day. While a main working shaft is being put down, with very little addition to present appliances, fully 100 tons per week of the coal could be raised. The promoters are fully assured that the coal has only to be placed in the various markets to be duly appreciated. With that in view they have already several cargoes on their way to this port, so that the public can test the coal and j ndge for themselves. All householders, hotel keepers, ' factors, and others : are earnestly invited to take shares in this company, that promises such undoubted success. It is contemplated, immediately after the formation of the company, to purchase or have built one or more steam colliers suitable for the trade. The West Wanganui Inlet is said to be the best harbor on the West Coast; the bar is unchangeable, and at high water has IGft.; at midtide, 14ft. ; and at low water not less than 7 ft. Ingress and egress can .be had at all times. The inlet covering a distance of some nine or ten miles in length, and from two to three miles in breadth, and being acted on by the sea only, it is never subject to floods; and considering its contiguity to all the centres of population, it is calculated that screw steam -colliers will .be .enabled to make from five to six trips per mouth. The promoters reserve to themselves 1400 paid-up shares as their proportion of this valuble coalfield and plant. Application for shares to bo made to the Bank of New Zealand and its branches ; also, at: the offices of the Provisional Directors, where all further information can be obtained. Books, &cT Y: O N & BLAIR, I 1 Lambion-quay. - MONTHLY OF NEW BOOKS AND NEW EDITIONS By Mail and Other Direct Steamers. 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