Page 4 Advertisements Column 7

Wairarapa Daily Times, Volume 4, Issue 1180, 16 September 1882, Page 4

PROS P B 0 II S 0? THE " , HEW WEST WANGANDI'COAL" 00M-" . . PANY. LIMITED, j • ■ a Weßt Wanoa,ndi Inlkt, Nelson, , To be registered under-'/-The Joirit'stock' "PI!/; Coipaiueslcl; 1860.1) ■:■ Capital : £3o,(M)6,'iii 6000 shares it £5 eaoh, to be increased when deemed adWoable' .. to £50,0001 'Payments—Five shillings. . per share to be paid on application ; five ' •, shillings per share on 'allotment} anil J five shillings atintei vals of not less than 1 .one month after the registration of the 1 ■: Company,:! ■ Provisional Dirkoiory:" i ; • Mr Andrew.Yoang ■ MrJohnPlimmer Mr J. Barber : Mr J; H, ; 'Wallace- l; ' 'Mr J, Sloan . ■ • 'Mr JamesHnghes -' ; Mr E.Sloan Mr'Aide-B,Brandon ' Mr P. G. Moore Mr James Ktiesell ,! ■: With power to add to their number, ' Head-quarters, of'the Company to be ; at Wellington. ! 11 : Bankms: ; : - ■ .... ;The National. Bank of New Zealand; 1 ' " Solicitors : . 'J:Messrs Brandon, 'Shaw; mid Brandon;; : ; • ; Seorbtaby (pro (em,):" : •' 1 •Bhokkbj ; Messrs Ledger and Hiekson,' 1 Custom House Q iay, Wellington. • ■ .• This property, lately known'aftho'' West Wanganui Coalfields," which it is proposed to transfer to the new- Company; ; is hold by. tht proprietca under two leases from the' Crown. of 320 acres eaoh for 30' years, at a total rental of £32 per annum, and a royally of Gil per ton, or ono-fifticth' "of the Coril raised. . .. .- •" ,;i ■ ■ It is situated in the West Wanganui Inlet, on the North-Wcst Coast of the Middle. Island, 100. miles, from Nelson ICO ; miles from Wellington, 10 miles South of : C'tpe .Farewell, and about 20 miles by -'road from Collingwoort in Golden Bay. Thin inlet, or land-locked harbor, is the best, on the West : Coa&t, covering a' distance of some 9 mile< in lengthily U'in breadth, and beirg actfd upon b" the'sea only is never: subject to floods/while con-s sidering its contiguity to alithe centres of population,, it .is calculated''that' screw steam colliers will bo enabled to ! make from 8 to 10 trips per month,' 1 ; ' .. The Coal is good for all-round purpose's,-andiswell-knownin Wellington,-Wanganui,' Nelson, and other places; as tlio cleanest and beßt"household." ■ - : l-;; . The field presents the greatest advantages for an economical - working, the' Coal measuring oa an average about 3ft Gin thick, is the easiest to work' (on the " Longwall" system) for tho production of large Coal without slack or waste. ' The strata 1 above the Coal is soft, and: shafts can be put down without the use of powder. There iB abundance or mining timber close at hand, and plonty of fresh water and other natural advantages, which go fsr to increase the value of the mines. The'presont proprietors, in order to satisfy themselves that the Coal extended over a large area, lately, at considerable expense, put down several bore holes, which were a^.t tended with thorough satisfactory - and itis estimated .that; the property yield tons of . Coal, or- about tons per day for 30 years. ■, J■ i. vi:. • - It is pstimated that when- ■ the' siirface works are constructed, and the Mine opened out that 2000 tons of Coal can be raised per week, and put on board ship, at a coft of 7s per ton, and sold at from 13s to 15s per ton, leaving a profit of say 6s per ton, or ori 2000 tonsf.GOOporweek.:: : The contiguity of the Mine to thd proposad staiths, and to the .entrance of the'"lrlet, greatly enhances its value, as vessels will be enabled to load and put to sea with despatch. :... ;; • r The statistics of 1881 show the increasing demand in New Zealand for coal, and the inability of our colleries to meet the'same; although in that year 80,000 tonß more-were raised than in the previous year, the imports from Australia were also greater during tho same period, and it is said by those - competent to judge, that if all the Coal Mines at work and projected in New Zealand .were properly developod, there would still bo a' steady and increasing .demand, Operations can be commenced, and the Mine opened out, and Coal put in the market without considerable expense. The surface works will be extended as the out-put increases. : ..

slmll proceed to worl the mine as - soon im, 1000 shares (irrespectireofpromotcre shares) have been subscribed for. •' The estimates given below, are for tho full completion of the works. . .. ' ; The proprietors will reserve to themsolves 1300 paid-up shares for expenses incurred proving the lease and for their interest in the Mine. These shares will not bo transferable until a dividend shall be paid on the subscribed capital,. j Over 300 shares have nltwvdy been taken up by the presont proprietors, ' The ordinal report and estimates 'made by Mi Jimies Eussoll, Mining Engineer (who also carried out tho urnspectwg works), may be seen at the ollkoi of Messrs Ledger and Hickson, Custom Houso Quay, Wellington." ESTIMATED COST OF WORKS, 150 chains of a levol 'tramway forhorao haulage £4009 0.0 Staiths to hold HOO tons ot ... coal ..... 2200 D 0 Rolling-stock (tubs to hold . lOcwt)... ... 300 0 0 Opening out mine 1200 0 0 Machinery for winding and pumping including boilers, foundations, itc ... ... 3000.0 0 Workmen's houses , 600. 0 0 Contingencies ... 1200 O 0 Total ... ... ... £12,500. 0 0 TO BUILDERS, CONTRACTORS. AND . THE PUBLIC.., .■ ; TTfAKELIN AND BAVVKINS" having •V Y erected a Breaking-down Frame to thoir Factory, and having just received a shipment of the latest improved machinery by the last 'Frisco Mail boat, making their Mill ono of the most complete in the'ptovmoe of Wellington, .they are prepared to'supply Heart of l'otara, Matai, Rimu, or White Fine, either dressed or in.the rough, in anyj quantity, at the lowest possible "prices. :

Send for price list. A large stock of Sashes,-Doors, Mouldings, Architraves, Turned wotk,'Seasoned Timber always on hand and made to order, Orders respectfully solicited. A:lurgc stock of'Totoalyoatß, Pilea, and Shingles, always on hand, and supplied at the shorteat notice. GLAS&riiiASB, W. & H. are the largest importers of.Glass in the Wairarapa. Glass Hois 8 x 10 to 4'o x 40,' either wholesale or retail. Colored, rolled, diamond, plate, and em* bossed glass in great variety, WAKELIN & HAWKINS, 1171 , v ; .Pipprietora. NATIONAL FIRE AND MARINE " INSURANCE COMPANY OF,. t ■) • new Zealand!/ : j [ CAPITAL, £1,006,0C0; PaidUp, £60,000; Reserve Fund. £80,000: Re-insurance Reserve Fund, £28,000; Losses paid in 8 years, £361,368, j i • ■ B.BRUOE WALLACE,. ', J • T, Mwuigsr^.i -■ : BABiEnToi('iiaiMi3 LOWES AND IORN8; .. 1128

SOUTH BRITISH FORWARDING " COMPANY, ;tii;sKaiofficeV' ud ? f | FEATHEBSTON-ST., Wmi/INGTON. ' Goods and Parcels >sent, throughout ,New and'tAuihaliflJ Consieneei will> avoid : ftiuch delay!'and 5 to penseiby having their goods l consigned direct : the above. ' ■ WM. BIBHOP, Jnn, ,