Page 4 Advertisements Column 2

Westport Times, Volume VI, Issue 959, 5 April 1872, Page 4

Miscellaneous. WHEREAS by "The Immigration and Public Works Act Amendment Act, 1h>71," it is amongst other things enacted, that the Minister for Public Works may receive applications from the owners or lessees of works for the supply of water on Gold Fields, for mining and other purposes, or from other persons interested in such works about to be constructed, for advances of money to aid in the construction, extension, or improvement of such works ; and by the said Act it is further enacted that the said Minister may make Regulations prescribing the mode of making and the form of such application, and for preceding on such application, as in the said Act mentioned : And whereas it is expedient that Regulations should be made for the purposes in the said Act mentioned : Now therefore, I, the Honorable John Da\ies Ormond, the Minister for Public Works, in pursuance and exercise of the authority vested in me by the said Act, do hereby make the Regulations set forth in the Schedule hereto, prescribing the mode of making aud the form ol application for advances of money to aid in the construction of worts for the supply of water on Gold F.elds, and for pi o ..ceding on such application. SCHEDULE. 1. Persons desirous of obtaining advances of money for the time specified shall make application in writing to the Warden of the District or the Agent duly appointed in that behalf for the Province or' District in which the intended works are to be constructed, and such application shall state — (I.) The names and descriptions of the applicants, or if they be a Company registered under any Act of the General Assembly, then the registered particulars thereof. (2.) The names of the Engineer and Manager of the enter (3.) The general description ot the water race Or races, dams, reservoirs, or other works proposed to ho constructed together with duly attested copies of the certificate li certificates of title to the water or ground ; the quantity of water intended to be couveyo'' or stored ; the length of the race or races ; size of reservoirs or clams ; the maximum rate proposed to be charged for the water; the nature and extent of the auriferous ground proposed to be supplied with water. (4.) The estimated cost of the enterprise. (5.) The proposed capital. (0.) The interests, if any, affected by the diversion or storage of the water to be dealt with. (7.) The amount of money proposed to be borrowed, which must not exceed one-third of the estimated cost of the construction of the works. 2. With the application the applicant shall forward to the Warden or agent a receipt from the Receiver of Land Revenue of the District for the amount of 2J- per cent, udou the money proposed to be borrowed. 3. Immediately after any application shall have been finally decided upon, the deposit thereon will be repaid, except so much as may he retained under authority of the Minister for covering the cost of the inquiry made in accordance with the provisions of the Act. -f. The projectors of any enterprise to which money may he advanced shall, before the issue of any loan to them, give to the Minister a valid lien or mortgage to cover the amount of loan over the works and property proposed to be constructed ; and such lien or mortgage shall be registered in the Warden's Court of the district, aud shall be prepared at the expense of the projectors. 5. No money shall he paid towards the construction of any water race, dam, or reservoir unless the projectors of the same shall have duly registered themselves under the Mining Companies Limited Liability Act or the Joint Stock Companies Act. 6. The rate of interest to be paid by the projectors of any enterprise coming under these Regulations shall be seven (7) pounds per centum per annum, payable quarterly from the date of the advance. 7. The capital sum to be repaid out of the profits of the enterprise in the same proportion as the amount o money advanced by the Government bears to the paid-up capital of the Company. TV. GISBORNE, (Minister Acting for the Minister for Public Works.) Public Works Office, Wellington, 4th January, 1872. NOW PUBLISHED, THE NELSON GOLDFIELDS' ALMANAC, Times Office: Molesworth street Westport.