PUBLICATION OF THE PROSPECTUS. The Maritoto Venture.

Te Aroha News, Volume V, Issue 245, 10 March 1888, Page 4

PUBLICATION OF THE PROSPECTUS.

The Maritoto Venture.

The prospectus of the Maritoto Gold and Silver Mining- Company is published in the Sydhey newspapers received by the mail toj day. The capital of the Company in stated at £100,000 in 100,000 shaies of £1 each. The prospectus states : 50,000 shares are offered to the public paid up to 7s ; 2s 6d per share on application 2s 6d on allotment, further calls to be made at the rate of Is per month if necestary until 10s has been called up, making these shares paid Up to 17s. Proceeds of calls to be appropriated thus: — .50,000 shares at 10s, £25,000 ; less amount to venders, £10,000 ; to be placed at ; credit of mine, £15,000, from which a small deduction will be made for expenses of floating. The original propiietors j and vendors receive, besides the above j amount in cash, 50,000 fully paid : up shares. I The provisional directors of the Company are as follows : — Sydney : W. M'Millan> Esq., M.P., ,E. P. Simpson, Esq., W. H. Jennings, Esq., John Plumb, Esq., J.P. Auckland :,C. C. M'MMan. Esq., J.P. Melbourne: John Blyth, Esq., J.l*., Henry | Buller, Esq., J.P. The report of Messrs Cox and Scaver, mining engineers, is appended. It gives the results of various tests, and then says : — But such results cannot be taken as acriterion to go by as to the average value of the lode matter, for these rich pieces are only part of very narrow veins that run through the deposit j of ore, and constitute^ smajl portion of ib only, .^VVveaJso took the iOppqrtunity of'examining, ,the, lode wherever, ib<;haa "bedn opened, in -.pthjßr properties adjoining the Marifcoto, or elsewhere, on its line of strike, ' 4"d of testing stone ?fromr different places, - and there is no doubt but that the Jodo.is a, j continuous one, and of a pharacter that loads u's,to form a ( yery liigK opinion of .it. t We were not/ahown tl^ese.»plap^ Qutside t the Mai'itpto pvoperty;ab x o»r , first visit 'to,, the .locality, *and> our exarain^tibns^oi "'ss .lodee. Jd them have enabled ue.-to judge.m uch

better of its true character and the permanence of its metalliferous portion. Wo consider the Maritoto property a very valuable one, and that sufficient work has now been done on it to justify us in highly recommending it as a wife investment for capital, and worth, as the present appearances go, a good price in cash on any market.