Page 4 Advertisements Column 1

Tuapeka Times, Volume VII, Issue 350, 25 April 1874, Page 4

Prospectus. WAIPOEI 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, 2b. 6d.; remainder to be called up as required, subject to one month's notice, and no call to exceed 2s. 6d. each share. PBOVISIONAL DIBEOTOBS: Mr. Geo. Whittingham Mr. R. Burns „ Geo. W. Eliott „ G. P. Farquhar „ Geo. Turnbull „ John Mitchell „ John Davie BANKERS : Bank of New Zealand. X.BGAI. MANAGES: 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 furthei 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 obligod 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 wiuding 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 car- • riage 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 the surplus water. The rough diary of the manager of the O.P.Q. Company, containing a record of the crushingß' of the Company since January, 1863, to 1867, shows that there was 8,514 tons crushed, winch 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 ten 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 11£ 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 properly 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 bona 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, Boss Place, Lawrence ; or to M. W. HAWKINS, Legal Manager, Prince»-street, Dunedin. Miscellaneous. Y^APSTICK, DUTHIE, & CAPSTICK ■ \J . Hold Sales of SHEEP SKIISTS, TALLOW, &c, - EVERY SATURDAY. Advances made on the Incoming Clip of •wool on sale here, or for shipment to London.CAPSTICK; DUTHIE, AND CAPSTICK have for sale by private treaty, sections 8, 5, 6, 7, 8, and 10, block 37, Clutha District, containing by admeasurement 315 acres, more or less, together with 7-roomed Dwellinghouse, Garden, Cowshed, Stockyard, and other out- " .buildings, all newly erected, and in capital repair ; land fenced and subdivided, and part under crop. There are 25 acres of superior bush ; t remainder is all fine rich alluvial deposit, suitable either for tillage or laying down in permanent English grass. Further particulars by applying to CAPSTICK, DUTHIE, & CAPSTICK. rUPSTICK, DUTHIE, AND CAPSTICK VJ have for private sale — Eape Seed (Colonial grown) Farm^from 100 to 300, 301, 805 acres respectively 7000 Merino Ewes . 2000 „ Wethers 1700 One-half and threoquarter bred Lambs Leicester and Lincoln Rams and Ram Lambs. All particulars by apph'eation to auctioneers pAPSTICK, DUTHIE, AND CAPSTICK VJ have for sale by private treaty — Sections 5 and 6, block 1., Mr. James Elder Brown's sub-division of the Township of Milton, with all buildings thereon, situate and having a frontage of 2 chains to the Main South Road, and being opposite to Mr. George Wilson's steam saw mill. Terms Liberal. Full particulars given by applyiug to the -Auctioneers. CHEAP JEWELLERY. Persons in tlie Colonies will find best assortment and lowest prices. TJ.MTLLI N G T O N. V . HOUNDSDITCH, LONDON. Gilt and Vulcanite Jewellery. ' Combs, Cutlery, Clocks, Watches, Musical Boxes, Spectacles,Pipps, Purses, Stationery, Electro-plated and Fancy Goods. Catalogues free from A. Ferguson, proprietor of this paper, Rosa Place, Lawrence.