Page 4 Advertisements Column 2

West Coast Times, Issue 376, 6 December 1866, Page 4

Companies. PROSPECTUS OF TflE UNITED EXTENDED GOLD MINING COMPANY (Registered). Capital, £7500 ; in 3750 shares of £2 each. Manager (pro tern) — Mr Watt. Bankers — Bank of New Zealand. Solicitors — Messrs Recs & Tyler. The United Extended Gold Mining Company, having obtained a grant of nine acres of ground upon the Kanieri Flat, proposes to work the same upon the system found to be the most advaii* j tageous both in Victoria and New Zca- ' land. The nine acres belonging to the Company include all the claims immediately surrounding the Star Engine, together with a very large block of sound and uubroken ground, known to be highly auriferous. The main reason why the rich claims above mentioned have thus been thrown into a company, is that owing to repeated disagreements the engines have ceased to work, and there is now no effectual drainage on the Kanieri. The Company have secured the Star Engine and plant together with the centrifugal pumps, and it is proposed to raise suflieient capital to purchase a 40horse power engine, with which to work the centrifugal pump for the draining ! of the Flat, and to use the present i Star Engine to raise the dirt. The ground is to be worked upon a large scale, and machinery is, to a large extent, to supersede the past expensive system of hand-labor. As even under the old system, the whole of the ground, now held by the company, has been proved to be rich, enough to give good tvages, and much of it able to afford over L2O per week per man, it is reasonably anticipated that large dividends will be declared. It is proposed to sink an entirely new shaft in the new ground, and then proceed to take out the washdirt from a large and unbroken face. Even if there be no second or true bottom, there is sufficient gold at the present level to repay any moderate outlay of capital with a handsome margin of profit ; but if, as is generally believed, there be other layers of washdirt below the present workings, the shares in this company will prove of very great value. The capital of tli3 company will be L 7500, in 3750 shares of L 2 each. The following statement will show the amount of gold taken out of some of the Claims now belonging to the Company during the foregoing six months : — Paddy's claim . . . 1360 ounces Paul's do ... 650 „ Wishard'sdo ... 420 „ Morgan's do ... 1000 „ Flutter's do ... 2879 Scotchman's do ... 400 „ M'Kenny'sdo ... 200 „ Kerr's do ... 200 „ The present shareholders will sell their interest for 1250 paid-up scrip, leaving a value of L 2500. Two thousand five hundred shares will be placed in the market for sale, and the work of the company will commence as soon as a Biiffieient number of these shares are sold. The shares will be paid for as follows : — 10s on application, 10s on allotment, and the balance by two calls, one and two months after the date of allotment. 570S PROSPECTUS OF THE MANCHESTER UNITY HALL COMPANY (Limited). Registered under the Joint Stock Company's A<it of 1860. Capital, £2000 ; in 400 shares of £0 each. £1 to be paid on application, and the balance by monthly instalments of £1 per share from the date of allotment. Provisional Directors — Mr William Henshaw, Mr William Reuben Goodrick, Mr Walter Thorn, Mr William Gawno, Mr Charles Thomas Malpas, Mr William Frascr Ro?s, Mr William Henry Pennington, Mr James Turner, Mr Daniel Lynch, Mr Patrick M'Guirc, and Mr Joseph Wymark Allen. Bankers — Bank of l^ew South Wales. Solicitors — Messrs Button and Reic 3 . Secretary (pro tern) — Mr William Reuben Goodrick. Temporary Office — Oddfellows Hotel, Revell street North. This Company proposas either to purchase a central and cony -nient site whoreon to erect a spacious Hall, suitable for the meetings of Masons, Oddfellows, Foresters, and public bodies, as also for Balls, Concerts, Lectures, and other public entertainments. In the event of a convenient site not being procurable at a price within the means of the Company, it is proposed to purchase a building, which, by judicious alteration and enlargement, maj r bo made to answer the purpose for which the project is started. Such a desideratum as a really commodious Hall has long been felt m Hokitika. and the promoters feel confident that' the undertaking will prove a great success. From calculation based upon very moderate returns, it can be shown that the annual profits upo" the Hall will be at lea^t 30 per cent, upon the original outlay In connection with the public Hall it is proposed to erect a first-class hotel, capable of accommodating members of tho several societies and their friends who may be visiting or remaining in the locality, as also for the accomodatioi of young iren engaged as employees in the various establishments in Hokitika. It. is considered that the hotel should be sufficiently large to accommodate from 40 to 50 persons with separate sleeping apartments, together with a proportionate amount of parlovs, private rooms, &c. It is proposed to let the hotel to some competent person known to the community of Hokitika, as well as to the colonists generally. Thus, while the Hall would be used for public purposes, the hotel in close proximity, would serve to accommodate those using it. Similar schemes, bothupou a large and a small scale, have been found to answer admirably in London, Liverpool, Manchester, and other towns and cities in Great Britain, and also in Wellington, Melbourne, and the colonies generally. When half the shares have been taken up, it is proposed to register the company, and call a meeting of shareholder's for the election of Directors, &c. Application for shares to be made to the Secretary, at the temporary office of the Company, Oddfellows' Hotel, Revell street North, on Monday, Wednesday, and Saturday evening's, from 7 to 9 o'clock. ' 6535