Page 7 Advertisements Column 1

New Zealand Herald, Volume XX, Issue 6787, 18 August 1883, Page 7

Public Companies. PROSPE C T U S OF THE MIKONUI WATER RACE AND GOLD MINING COMPANY (LIMITED). E(IS S. WESTL AN D. (To toe Registered under " The Mining Companies Act, 1572.") Capital: 1:30,000 in 30,000 Shares or £1 Each, 26/XK) of which are now offered to the public. The present owners have agreed to hand ■various properties mentioned below for the sum of £2000, to be paid by the proposed Company in instalments spreading over a period of 18 months, and 4600 shares fully paid-up, the owners binning themselves to take a similar number of contributing shates In the new company. -A. cash deposit of Gd per share to be made crn application, and Is on allotment; calls not to exceed 6d per month. PROVISIONAL DIRECTORS! John McWribtjcji, County Chairman of Westland Wsi. L. Kowleb, J.P., Mayor of Hokltika Jahe<« Chesney, Merchant, Hokitlka Richard Nancarrow, J.P., Meichant, Groymouth Joseph 'Jbimmond, Timber Merchant, Boss Oaxillc Malfbot, J.P., Mining Manager, Ross H. Riciiabdsox Rky, Ccunty Treasurer of Westland E. B. Sajijions, Painter. Hokitika Richard Cavpbell, Butcher, Hokltika Johx Dowlixo, Fellmooger, Hokitika Charles Davey Mining Manager, Koss Abcqibald Black. Mining Manager, Boss John Hart. Miner, Ross Corxelius Saddler, Hokitika Lemuel McNaib., Contractor, Boss. Manager, pro tera: Wm. Duncak, Hokitika. Broker! C. Alexander. Auckland. Tho Company is formed with the view of acquiring the following (1) Lease, known as Cowling's, of 60 acres. (2) Water right?, also known as Dowling s, giving rights to 30 Government heads, from creeks running down - the south-western face 0. ; Mount Greenland to Mifconui River. (3) Hart and M'Gill's extended claim of 3 acres. 14) Hart and M'Gill's water rights, 4 Government heads from Clear Creek, fic. (5) Neilson's extended claim of 3 acres. <6) Black and party's extended claim of 4 acres. (7) Black and party's water rights, 8 Government heads ft"m Cockney and Campbell s Creeks. The above lease and extended claims form a compact block of ground of 70 acres on the terrace immediately to the west of the Ross township. no eastern boundary is the well-known Mont D Or claim, from which the ground stretches westerly a distance of about 20 chains, taking the crown and both sides of the terraee, tho southern boundary being Robinton's Creek, while on tho northern side tho terrace is taken in, down to what is now the Ross United Company's ground. . , . ... From the Mont D'Or Company s claitia, whicn forms the eastern boundary, 4550 ounces of gold, of ■the value of £17,380, have been taken, and this from ahottom area of only about one acre as»d a-half. ■ This comp*np has, for some time, fr oen at work at their eastern boundary, and have sluiced as far as they can in this direction,in fact they have only been stopped by the boundary lino of tho proposed company's ground, and a late washing up at this boiin* diry gave the handsome return of 240 ounces. This

Meat D'Or is, at the present time, the best alluvial claim in the Ross district, and the ,70 acreeof ho - proponed company is simply a continuation of the Mont/ D'Or Company's ground. It may also be mentioned that the well-known Mount Greenland Company's claim immediately adjoins that of the Mont-b'Or, Ahout 2 acres of tho bottom of the Mount Greenland claim have now beeu cleaned, and the gold obtained has been 5444 ounces, while the dividends declared by this company amount, to • £7600. -The water rights connected with the proposed ' company are of'a very- valuable character, and are ample for all requirements. Tho entire length of tho race is a little over aix miler, and a earefal estimate el tho co#t of construction Is set down at £15,000. an wnpJe margin being allowed for contingencies. The Dircctoro aTe persuaded that th«» race by 1 itself would prove a remunerative undertaking, there • so many.-parties anxious toboauppUed wi'.h ; sr»ter, and none available.. . , ' Proepeotus and Plans can tw obtained from fir-->. J-.'.;;.;a.ALisxANDEE. • IxietLmnoeßtiSdinga