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Prospectus W EST WANGANUI CUALFIELD COMPANY (LIMITED), West Wanqandi Inlet, Nelson. To be Registered under the “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 leas than one month after the registration pi the Company. Provisional Directory ; Jacob Joseph, Esq., merchant. E. W. Mills, Esq., merchant. E. D. Butts, Esq., Chief Postmaster. F. E. Wright, Esq., Christchurch, Joseph Joseph, Esq,, merchant. Andrew Young, Esq. F. A. Krull, Esq., merchant, James Gilligan, Esq. Hon. M. S. Grace, M.L.C. A, de B. Brandon, Esq., M.H.R. John Plimmer, Esq. J. H. Wallace, Esq., J.P. Seymour Thorne George, Esq. D. Mclntyre, Esq. Head-quarters of the Company to be at Wellington. Bankers : The Bank of New Zealand. Solicitors : Messrs. Brandon and Sons, A competent General Manager will be appointed. J. F. E. Wright, Secretary pro tem. The promoters, in offering to the public this most valuable property of one square mile of land (610 acres), held under lease for twentyone years at Is. per acre 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, as small traders have for many years past been in the habit of supplying that market fronx this district to a limited extent ; and the coal is so well liked, that it is understood none other would be 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 60ft, driven on the coal on main level 63ft; put in a heading of 20ft, and have a chamber of 10ft. square. The seam of coal is about Eft. 6in. thick, with a tendency to increase. There is a 10 horse-power engine on the spot, ropes, gear, boat, buildings, ■ &0.,. &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 week of the coal could be raised. The promoters ate fully assured that the coal has only to be placed in the various markets to ho duly, appreciated. With that in view they have already several cargoes on their way to this port, so that the puhlio can teat the coal and judge 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 oh the liiTest Coast; the bar is unchangeable, and at high water has 16ft,; at midtide, 14ft.; and at low water not less than 7ft. 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 broadth) 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 month. The promoters reserve to themselves 1400 paid-up shares as their proportion of this valuble coalfield and plant. v Application for shares to be 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.
La grande marque brandy is now recognised as the purest and best in the market. , ■ : JOSEPH NATHAN & CO., Agents,
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New Zealand Times, Volume XXXIII, Issue 5377, 21 June 1878, Page 8
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1,102Page 8 Advertisements Column 4 New Zealand Times, Volume XXXIII, Issue 5377, 21 June 1878, Page 8
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