Page 1 Advertisements Column 6

South Canterbury Times, Issue 2530, 30 April 1881, Page 1

Prospectus. PROPOSED PROSPECTUS' OF THE J£aKAHU QOLLIERY QOMPANI ' (LIMITED.) Capital, £SOOO, in 5000 Shares of £1 each, payable as follows :—Two Shillings and Sixpence per Share on applica i tion : Two Shillings and Sixpence per Share on allotment : and One Shilling per month afterwards per share. Promoters : John Hayhurst, Esq., Tomuka. Thomas Hardcastle, Esq., Kakahu. A. W. Ensor, Esq., Orari. R. V. Barker, Esq., Orari. McKay, Esq., Manager of Bank of New Zealand, Temuka. James Bruce, Esq., Timaru. Amos Sherratt, Esq., Geraldine. BANKERS) ; Bank of New Zealand, Solicitor i A. St. G. Hamersley, Timaru. The Promoters having had the very valuable property (as described below) offered to them by the proprietor, and having made very satisfactory arrangements for the purchase or lease of the same, they have determined to place the property and the advantages connected with it before the public, and to develop, what in their opinion, must prove to be a most successful undertaking and one that will prove of immense advantage to the district of South Canterbury. A small amount of Capital will, be required to purchase the necessary machinery and to put the mine in good working order, so that the Company will be able to pay dividends shortly after starting. Large Lime Kilns are now in course - of erection close to the property, •: The particulars of the property are as | follows;—It is Freehold, of 20 acres in extent, the property of Mr George Merdith. In the land two shafts have been sunk—the main or working shaft is 9ft by sft wide, and is 32ft deep, from which Coal has been raised from a seam 2ft thick. The shaft is timbered from the surface. The other shaft referred to (half a chain from the main shaft), is 7ft by 4ft wide and 45ft deep, and is well timbered, and has been sunk through two seams of Coal of sft and 4ft respectively, and on to a 2ft 6in seam. Fire Clay, and an excellent Chalk is likewise found in large quantities, and is pronounced by competent authority to be eminently adapted for pottery and sanitary pipes, gas retorts, firebricks, Ac. The Coal is easily obtained, and is of the finest quality for household and manufacturing purposes, and iis superiority for the production of gas, and for steam purposes, has been proved by reliable tests. As this Coal is admitted to be a really good Coal for steaming purposes, it is prol\nßPrl f.n Kquo /mnafnnl- J itncy may require. Building Stone is found on the prop rty. and Marble within a few chains, of a verv superior description, also abounds, The Building Stone is a fine white stone, easily worked, and does not disintegrate from exposure to weather, some quantity , of this stone having b:en used in the building of the Christchurch Cathedral. _ A large quantity of good Timber is in close proximity to the ground, and easily obtainable. The Coal has been tried for steam purposes, and found to answer admirably, as the following testimonials show “Timaru, Nov. 29, 1880. “ To Mr George Meredith, Kakahu. “ Sir, —I have used the coal supplied by you from the Kakahu coal mine (about five tons) in my mill in Timaru, and found it most satisfactory, and consider the coal well adapted to be used for steam purposes. . (Signed) “ John G. Allen.” “ Eclipse Brewery, “ Temuka, Nov. 1,1880. “ To Mr George Meredith, Kakahu. « Sib,—l have used the coal supplied by you from your coal mine, Kakahu, for my steam engine, mixing it with Newcastle coal, half and half. I found it answer admirably, much better than Newcastle coal alone. I consider the Kakahu coal well adapted to be used for steam purposes. “I am, yours truly, “ Francis Franks.” PROBABLE PROFIT ON THE COAL IS 73 9D PER TON. Cost of obtaining Coal, £. s. d. Cost to obtain Coal at pit’s mouth, per ton ~ ..060 Cost of haulage to nearest Railway Station, per ton ..070 Freightage to Timaru, per ton .. 0 2 3 £0 14 3 SALE OP COAL IN TIMARU AT 22$ PER TON.. Prospectuses and forms of Applications for Shares, can be obtained at the offices of the Bank of New Zealand, Timaru, Temuka, and Geraldine. Shares can be applied for and any information given as to the proposed working Timaru, Mr A. Sherratt, at Geraldine, and Mr Wills, at Temuka. ' ' ■Business Notices. JOSEPHSON’S AUSTRALIAN OINTMENT is not a mere catchpenny to guU the public, “ but an effectual remedy adapted to al capacities.” i . . One trial will convince the most sceptical During the ten years in which it has been in use, its efficacy has been proved in every . ase in which it has been applied. IRONMONGERY. NEW GOODS. NEW GOODS. JJIIRST SHIPMENT TO HAN D OF . ' GENERAL, BUILDERS, AND FURNISHING IROMONGERY These Goods having been CAREFULLY SELECTED: By my own Buyers in the Home Markets the Public will find it to their advantage to COMPARE PRICES BEFORE PURCHASING. JOSEPH HOUSTON, SOUTH ROAD TIMARU,