Prospectus. '■ — "OS PROSPECTUS Of the gLONDYEE GO3LD SEEDGING COMPANY (Limited). To be Eegistered under "The Companies Act, 1882." CAPITAL, £6000, IN 6000 SHARES OF £1 EACH. Of which 700 fully paid-up Shares are to be allotted to the Vendors for their property (wha ask for no cash). The remaining 5,300 Shares are now offered to the public for the purpose of providing capital to place a powerful up-to-date Dredge upon the claim described below. TERMS OF SUBSCRIPTION: • Is' per Share on application; 2s per Share on allotment; the balance, as required, in calls of not more than 2s per Share at intervals of not less than one calendar month. Shares will be allotted according to priority ox application. Applicants at a distance musj add bank exchange to their cheques. Directors : The number of directors shall be five, of which only two of the vendors shall act as directorSf and only in terms expressed in the Articles of Association. The other three shall ba elected by the contributing shareholders immediately after Registration of the Company, who will thus have tho ruling power. Bankers : BANK OF NEW SOUTH WALES. Solicitor : - Mr A. J. PARK, Dunedin. Broker : Mr JOHN A. CHAPMAN, Dunedin. To whom Applications for Shares must be sent. Secretary : Mr HENRY SYMES. Prospectuses can be had on application to the Broker or the Secretary. This Company has been formed (inter alia) to acquire and work mining areas, and in par* ticular section 37, block VII, Lauder district, containing 96 acres 1 rood 20 poles, at Matakanui, Central Otago, better known as the Tinkers Diggings. The Klondyke Claim ia situato in the main gully on the south side- of the Tinkers Diggings, where alluvial workings have been carried on for over 33 years, primarily by the primitive modes of paddocking, driving, and cradling, and latterly with the most modern hydraulic plants, notably in the well-known Blue Duck and Undaunted claims, besides by other private parties. It is on record through reliable data that gold has been won in this locality to the value of over a quarter of a million sterling. The workings, including the township, a.re all within an area of about a square mile. It is beyond all doubt that this bich alluvial claim can only; be worked by dredging, as all available water m the district was taken up 33 years ago for hydraulic sluicing, and has been and is likely to be used for the same purpose by the same owners for many years to come, and as these water rights represent a very largo capital value and are working dividend-paying claims, tfiere is no likelihood of the owners parting with ineir rights. Had water been available the Klondyke claim would have been worked many years ago. There are no heavy stones, and the bottom is of a soft nature throughout, so that a dredge could clean up all the gold on the bottom. -It is, in fact, an ideal dredging claim. There is an abundance of water on the ground to float and work the dredge. The Vendors have made several attempts to work the ground, but owing to the large influx of water were only partially successful. However, the wash taken from the holes sunk was cradled and gold at the rate of ldwt Bgr per load was obtained. Less than two grains to the cubic yard would pay all dredging expenses. The richness of the ground adjoining the Klondyke Claim '•ias been proved beyond all doubt, and worked with highly payable results, and it is estimated that in the claim itself an up-to-date diedge will effect an economy of at least 50 to 70 per cent, in the cost of treating the washdirt, as compared with hydraulic plants now at work at Tinkers. Lignite (superior to that in use on the dredges at Alexandra) is obtainable from Cambrian, where there are large deposits, at a cost of about 18s per ton delivered alongside the dredge. Investors aye requested to carefully peruse reports herewith from well-known and experienced miners, who have spent years in the locality where the claim is situated, and if investors have any doubt of the real value of the property, the vendors suggest that they should make inquiries from reliable and competent residents in the district of Tinkers. Although there are very few people in the district of Tinkers, yet it is expected that fully half of the capital of the proposed Company will be subscribed in that locality. A well-known firm of engineers, experienced in building dredges, have given a written offer to build any type of dredge the Company's engineer may design, on the following terms— viz., 75 per cent cash by progress payments, certified by the Company's engineer up to the time of the completion of the dredge, and the balance to be paid by instalments within 12 months. The fact of this company offering to finance one-fourth of the money to build the dredge speaks volumes for the value of the claim. The only agreement that has been made is dated the 17th day of August, 1898, between Archsbald Smith, Harriet A. Chisholm, Duncan Bringans, Alexander Robinson, and George Hansford of .the one part; and Henry Symes, of the other part, for the sale of the claim. The above agreement, together with the Memorandum and Articles of Association of the Company, may be°inspected at the office of the Solicitor of the Company. All costs and expenses of flotation and registration will be borne by the Company on accord* ance with the above agreement. . . It is estimated that a modern type of dredge will work about four or five acres of tms claim annually, so that even at Mr Symes's low estimate (see his report), shareholders may expect handsome returns on their capital invested. REPORTS. To the Klondyke Gold D. Co. Matakanui, 3rd May, 1398 You have" asked me what I know about the dredging claim called the Klondyke. I have been working in and about the vicinity for about 20 years. Some 14 years ago I fetched a tail race, about a mile long, right up your claim. When about half-way up I got on the bottom, and found what I considered payable ground for sluicing; then the ground deepened, and we lost the bottom. Got en the bottom again about 10 chains from your top peg. We worked alongside of your claim and got good gold. We then had to cease working as we _iiad no tall and not enough water for elevating. The ground we left, now in your claim, should be quite ai good as what we wrought, and I estimate should yield, from results I got, aboiit 300oz per acre. Your claim is the outlet for all the ground on the south side of the Tinkers diggings— the old Tinkers' Gully, Smokers' Gully, Donnelly's Gully, and Scotchman s all emptying into it. Rich gold was obtained in all these places, andmy experience would lead me to think your claim a valuable one. In bringing up my tail race I could always obtain a fair prospect wherever I touched gravel. The banks have been driven and cradled nearly the whole length of your claim and gold obtained. The ground in your claim is, I consider, well suited for dredging, the depth varyin" from lift to 25ft, and no stones that would be any trouble. There should bo an abundance of water, as when you get down 10ft or 12ft the -water flows in perfectly clear.— Yours faithfully JOHN SYMES, Claim Owner, Matakanui. Matakanui, 3rd May, 1898. Sir,— l have prospected part of of the Klondyke Claim here, at the bottom end. I sunk two holes. In the first I could not get down further than 7ft or Bft,as the water clean beat us. We bottomed the second hole, which was nearer the north bank. We found from 3ft to 4ft or "coarse wash. We cradled the wash, which <;ave us 16gr of gold for half load of dirt, being at the rate of, say, 32gr to the load. I have worked near and about your claim off and on for tlie last 16. years, and in one small paddock on thebank of your claim I got 13oz of gold m two months, working alone with a little tail water I picked up. A good bit of ground has been wrought on the side of your claim, which paid well, and several runs of gold wash are heading rieht into your claim. These have been worked until the ground got too deep to follow. From my own work and from what I know other men have got about your ground, I consider you have a valuable claim for dredging.— Yours faithfully, W. WALL, Miner, Matakanui. To the Klondyke Gold D. Co., Alexandra. Matakanui, 3rd May, 1898. Gentlemen,— l have been working at TinUers for 33 years, and know your claim and all tha adjoining ground. I have got good gold on the banks of your claim, and have seen other miners get good roia on runs of wash which T reckon go into your property All the runs of gold on the south side of Tinkers run into your ground. These runs have been worked cut down to the gully, and rich gold got in all of them. I cradled the wash that %vas taken out of the prospecting hole at the foot of Tinkers Gully. It was of the same character as that I have worked in the same run of wash up Tinkers Gully. My opinion is that the wash m your claim should carry equally as good gold as that worked, and that it should, pay well for dredging. Wash is running into your claim from all sides, as I have already stated. I have prospected ground outside of your pegs, but on the edge of your claim, that will go 2dwt to the load. Ibis xtm goes right into your claim, and should prove r \ffigggf' lfinarf Matakanui. Tho Klondyke Gold Dredging Co. Matakanui, 3rd May, 1898 Gentlemen,— l have been in business here for the last 17 years, and purchase gold from diggers. I know that ground on the sides of your claim has been worked by paddocking and driving with varying results, but mainly payable. . The opinion of our most experienced miners here is that several good runs of wash which have been followed down into the gully as far as possible must continue into your claim, and it is considered here that you have a valuable claim for dredging. I know that a portion of this claim would have been worked by hydraulic elevating some years ago, only that the enormous cost required for necessary plant to work it prevented the enterprise being carried out by the local men who contemplated Jj-Tg™. s e^ PpAEDj Chairmail vincent County Council . The Klondyke Co. nn , Matakanui, 3rd May, 1898. _ Gentlemen, — The claim you have pegged here is well known to me. 1 na.ve worked alluvial ground here for many years, and my experience would lead me to believe that the runs of wash going into your claim which have yielded good gold should still continue highly payable. A look upon your property as a valuable dredging claim. — Yours, etc., THOMAS C. DONNELLY, Manager Undaunted Gold Mining Co. (Limited). Wanted, T^OR SALE, a good country BUSINESS, ?4" Single Man as CHEESEMAKER for ' consisting of Grocery, Bakery, and -**• TE TUA DAIRY FACTORY. • Newspaper Agency, etc., etc. Ample ground Applications with testimonials, stating and Duilc i ingg for a n purp oses, including shop,, salary required, must be sent in not la*er , , „ , . , than SATURDAY, September 10, to bakehouse, stable* cow-byre, pi K styes, etc, 4.. E. WILLETT Small deposit ; balance liberal terms, — GS-. OJ la Biverton. BAKER, Ootagon* I*\