Page 3 Advertisements Column 1

Tuapeka Times, Volume VII, Issue 349, 22 April 1874, Page 3

WAIPORI QUARTZ MINING COMPANY (LIMITED). Capital, £16,500, in Shares of £1 each, of which the present Proprietors take 6,000 paid up, and 1,500 with 10s. paid up ; deposit on application, 2s. 6d. ; on allotment, 2s. 6d.; remainder to be called up rb required, subject to one month's notice, and no call to exceed 2s. 6d. each share. PROVISIONAL DIRECTORS; Mr. Geo. Whittingham Mr. R. Burns „ Geo. W. Eliott „ G. P. Farquhar „ Geo. Turnbull „ John Mitchell „ John Davie BANKERS: Bank of New Zealand. LEGAL MANAGER: Mr. M W. Hawkins, Princes-street.

The ground proposed to be worked by this Company is that lately occupied by the O.P.Q. Company at Waipori, together with further acquisitions since made by the present proprietors, consisting in all of about 31 acres, held under gold mining leases, and measuring along the course of the reef about 1,300 yards. From 150 to 200 yards had been partially worked by the O.P.Q. Company, and has since been worked by the present proprietors. The claim has lately been thoroughly and systematically prospected, and the reef has been cut in six places down the creek for 700 yards facing the township of Waipori ; and shows in every case a well defined reef, having a width of 6 feet in the narrowest place ; the greatest height from the level of the present lowest tunnel being about 200 feet. The late O.P.Q. Company having worked the mine entirely by means of shafts were obliged to discontinue work, mainly in consequence of the expense of pumping, and of hauling the stone from a depth of 180 feet, for which they had insufficient machinery. The present proprietors having erected complete steam pumping machinery and winding gear, continued to work the mine in the same way ; but ultimately found it desirable to suspend operations in consequence of the great expense of fuel, which including carriage to the reef, cost nearly £4 per ton. Instead of continuing to work the mine from shafts and by steam power, it is proposed to carry on the mining operations by means of tunnels, and to use water power. For this purpose the proprietors have acquired the water rights for 20 heads of water, lately owned by the Golden Point Water Eace Company. This roce has been surveyed, and the levels checked by Mr. Adams, District Engineer and Surveyor, who estimates the cost will be about £3000. Under the Public Works Act the Government have agreed to advance the sum of £1000 towards the cost of its construction. When these works are completed, the Company will have an abundant supply of water, and will derive a revenue from tl»° surplus water. "The rough diary of the manager of the O.P.Q. Company, containing a record of the crushings of the Company since January, 1863, to 1867, shows that there was 8,514 tons crushed, which yielded 5,111 oz., or an average of 12 dwts. to the ton. This diary may be inspected at the office of M. W. Hawkins, Princes-street, Dunedin. The present proprietors, during the ton months they carried on the work, obtained 1,297 ozs. from 3,015 tons, or an average of over 8 dwts. per ton. The aggregate average over all is Hi dwts. per ton. The proprietors have agreed that the price of the plant shall be fixed by arbitration, and value their interest in the mine and water rights at £6,750, which they will take up in shares as follows : — 6,000 shares fully paid up ; 1,500 shares, 10s. paid up. The present proprietors of this valuable claim offer the property to the public on the foregoing liberal terms, with the view of obtaining additional capital only. They have for the past six years tenaciously held to it, and as a guarantee of their bqna fides they will, if required by the shareholders, undertake not to sell any part of their shares in ] the Company until dividends shall have been declared. The proprietors invite an inspection of the works and plant by intending shareholders, and their manager on the works is instructed to afford every facility and information te visitors for that purpose. The share list will close on the 31st May. Applications for Shares, accompanied by deposits of 2s. 6d. per share, to be made to H. L. SQUIEES, Eoss Place, Lawrence.

NEW ZEALAND SHIPPING COMPANY, LIMITED. The magnificent Clipper Ship T\ A L L A M TOWER, •*"' A 1, 1499 Tons, Captain Daties, Will sail from PORT CHALMERS for LONDON direct, on or about Ist May. This ship has splendid accommodation for Second Cabin Passengers, who will be carried at lowest current rates. For terms, &c., apply to ALEX. C. BEGG, Agent, High-street, Dunedin. BANK HOLIDAY. FTIHURSDAY NEXT, the 23rd April, being St. George's Day, the Banks in Lawrence will be closed. £3 REWARD. T OST from Bellamy Station, a dark brown Mare, branded HW near shoulder, very cobby and compact; blaze down face, near hind fetlock white. Supposed to have gone towards Lovells Flat. The above reward will be given on delivery at Bellamy Station ; or Victoria Stables, Lawrence ; or PIERCE POWER, Tapanui. £1 REWAED. CJTRAYED from Clarks Flat, a black Mare, & branded g^S on near shoulder, filly foal at foot. Anyone delivering the same at Clarks Flat will receive the above reward. JAS. ISTEED. FOUND, a small KEY. The owner can have the same by applying at the office this paper, and paying the expense of this advertisement. A BOX, addressed "Mrs. E. Mouritz, Waitahuna, Inverness Hotel, Havelock," has been lying at the above address for some time back. The owner can have the same by paying expenses.

Tapanui.