Page 2 Advertisements Column 7

Wairarapa Daily Times, Volume 4, Issue 1178, 14 September 1882, Page 2

■EHlftrVMo'f Is Reserved ; > Announcement, '■'-■■'' " ■'■ • r WHICH WILL SHORTLY APPEAR. Look out for the ) r os peg r us . ' or THE NEW WEST'WANGANUI COAL COM- ■■•■: V. PANY, LIMITED, West WiNOAroi Inlbt, Nekioh, To be registered under " Tho Joint Stock Companies Act, v 1860," Oapital: £30,000, in 6000 shares of£seach, • to beiinoreased when deemed advisable ■ to £50,000. Payments-Five shillings per share to be paid on application; five . shillings per share on allotment;and five shilling! at intervals of not less than one month after the registration of the Company. Provisional Directory: Mr, Andrew Young Mr John f limmer Mr. J. Barber Mr J. fl. Wallace Mr J. Sloan ■ Mr James Hughes '"■ Mr R. Sloan MrA.de B.Brandon Mr F. G. Moore Mr James Hussell • With power to add to their number. Head-quarters of the Company to be at : Wellington, Bankers: i. The National Bank of New Zealand. Solicitors: xro«. w Brandon, Shaw. imdß—' Seohbtaby {pro km,): i Brokers: Quay, Wellington. This property, lately known as the" West Wanganui Coalfields," which it is proposed to transfer to the new Company, is held by tha proprietors under two leases from the Crown of 320. acres each for 30 years, at a total rental of £32 per annum, and a royalty of 6d per ton, or one-fiftieth of the Coal raised. '.. It is situated in the West Wanganui Inlet, on the North-West Coast of the Middle Island, 100 miles ■. from Nelson, 160 miles from Wellington, 10 miles South of Cape Farewell, and about 20 miles by road from Collingwood in Golden Bay. , This inlet, or land-locked harbor, is Ow best on the West Coast, covering i diji , tanoeof some9Jlmiles in length by % m breadth, and being acted upon by the sea ;. only is never subject to floods, while considering its contiguity to all. the centres of population, it is calculated that screw ' B J*™ flol ! ler3 will be enabled to make from 8 to 10 trips per month. The Coal is good for alkound purposes, > and is well-known in Wellington, Wanganui, Nelson, and other places, as tho cleanest and • best "household." The field presents the greatest advantages for. an ; economical working, the Coal measuring oa an average about 3ft 6in thick, is the easiest to work (on the " Longwall" system) for the produotion of large Coal without alack or waste. The strata above the Ual is soft, and shafts can be put down without the use of powder. There is abundaiice or mining timber closo at hand, and t plenty of fresh water and other natural ad--1 The present proprietors, in order to satist y themselves that the Coal extended over a l large area, lately, at considerable expense, . put down several bore holes, which were atj tended with thorough satisfactory results, a ?* lt n l , ses to nated that the property will yield 2J million tons of Coal, or about 300 tons por day for 30 .years. It is pstimated that when the surface m lil T^* Mei > and theMineopened ■ out that 2000 tons of Coal can be nised per week, and put on board Bhip at a cost of 7s per ton, and sold at from 13s to 15s per ton. i l,^ 0 ' 1 ' °' Bft y 6s P er t°n- or on 2000 . tons £6OO per week. Thei contiguity of the Mine to the propossd I ataitha, and to tho entrance of the Inlet, , g re a'y enhances its value, as vessels will be to load and put to sea with des- '. The statistics of 1881 show the increasing . demand m New Zealand for coal, and the inability of our colleties to meet .the same; although in that year 80,000 tons more were raised than m the previous year, tho imports from Australia were also greater during tho aame period, and it i 3 said by those competent to judge, that if all the Coal Mines at work and projected in New Zealand were properly developed, there would still be a Steady and increasing demand, Operations oan be commenced, and the Mme opened out, and Goal put in the market without considerable expense. The *urface works will be extended as the out-put increases. " It is therefore proposed that the Company ™»P rooeed > work the mine 'as soon as 1000 shares (irrespectiveof promoters Bhares) have been subscribed for. The estimates given below, are for the full completion of the Works. ioL he p .T iet ? rs ffiU tmv6 { o themselves. WW paid-up Bharffs for expenses incurred i piOVingthe lease and for their interest in ( . he Mine.. These Bhares will not be trans-' ferable until a dividend shall be paid on tho subscribed capital. ■ Over 300 shares have already been taken op by the present proprietors. 'The original report and estimates made also oarried out the orospeoting works), may be seen at the offices of Messrs T »rl™» „„3 ESTIMATED 0081 0? WORKB. 150 chains of a level tramway for horse haulage ... ... £4onn n n jStaiths to hold 300 tons of RoHhg.stak (tubs ,'to hoia 220l)0 ° n 10 -. fft )- 1 300 0 0 Opening out mine | Machinery for winding pumping, including boilesC ,--. founiations.&o 3300 v ...£12,500 0 0^ A IJE SON ha ™R mar « B to my horse . " KINGFISHER » while in flr W. oblige by communicating with the undorsigned. „ 1178 , D. MoDOUGAL. ST. MARK'S OHOBOH, OABTERTON. fTIHE CONSECRATION of tho enlarged -f'' Potion of this ehuroh by' the Bishop NEXT, September 17th, at 11a.m.W. T. WESTERN, l ™ .. Cwatom charge,