Page 7 Advertisements Column 2

Auckland Star, Volume XVIII, Issue 55, 4 July 1887, Page 7

Public Notices. F-iiJisPECTUS OF THE KAMO COAL % COMPANY (LIMITKU). CAPITAL £50,000; In 50,000 Shares of £1 Each. 9i (SdDOiSharo to be paid on application; 2s 6d on alliment i- in three months affor allotment, i s 3d'ln six months after allotment, Is lid; in l'nbnths after allotment,'2s Gd; thereafter Hsfoqiired, but no Call to oxcoed 2s Gd per Sliaiti Provisional Directors: THOMASUOr.IUN EDWIN MITCHELSON R. \Vr#P V WJSBCK LANIGAN jlinagor: Bankers: H W JKPUI' I BANK OK NEW SOUTH ™h WALES Solicitors: ■'jBS'SRS. JACKSON AND RUSSELL ® Secretary, pro tein. : K. W. MOODY. This Conpany is to bo formed to purchase from theKamo Colliery Company, Limited, their 'WeltSi Machinery, Plant, Lands, and Koralties,9ituato in tlio \ listrict of YVhanirarei, New Zef&d. ""rt to work the prosent valuable seams ot Uoal, Fire Clay, and Oliver minerals winch hail been already opened up, and other seams of 6al of very superior quality recently discoveredon the same lands. The Proprty to be acquired consists of 1.747 acres of friehold—6oo acres of which is forest land, affordng an unlimited supply of timber for Miningjurposcs ;and 571 acres of leasehold - q oQ acres \t which are held for a poriort o£ ninety (Mjrears on payment of a royalty of sixpence W ton, and the remainder for 21 years in au2,3iS acres valuable Mineral Lands. Manager's House, Houses for Miners, and Offices are'erected on the freehold. The Maotaeryand Plant (fully particularised in the Sobefrle attached) is all in good working order andiia complete working plant for immediate . operations, and adequato to prosent requirement The hulkSsnotor will carry 700 tons coal from Whangarelft) Auckland, is in good order, and cost the Cttnpany years ago. £3,200. Two barges, eaotovith a capacity of 150 tons, cost each £550. 3 Coal Whanat Auckland -with storage for 500 tone ooaVls°d from the Harbour Board at rental of Mror week. Railway w"8 at Kamo connecting the pit, through theijauwuy, with deep water constructed by Oβ Company at cost of £1,000. This extfliiive and valuablo property is offered , to tMeproposcd new Company for tha sum of thlrtenve thousand pounds (£3,%000)— less'than halfoe cost to the present owners. The KamoMoal Co. (Limited) to i.ay Kamo Colliery C.o.*ijLimited), £35.000: thus— ls,ooo shares "p'aidtq to 10s, £7,500: to take existing mortgages aiukler— Hank of New South Wales, « per cent., Mo o; Meredith, 6 per cent., £1,300; Farmer, 8 pewont., £1,750: Morrin and Co., "Senator," Bpr cent. £1,000; lianlc of New Zealand, Operant., £4,780—£24.530; balance in cash, £2,670—£35000; capital (nominal), £50.000; lo3s llis per etite on 15.000 Bhares, £7,500 - £42,500: amoriu to be paid or to represent mortgages, asAbove, fci.Si'O; to be paid in cash, £2,670—£7,500; surplus available as working capitaJjßls.ooo. Tho prosentctapnny after having expended a large sum o(mnoy in acquiring and opening up this property|ias recently been reluctantly compelled to stiaend operations owing to want of capital to rria the requirements of the Government InspeSipr of Mines, tbo resources of the few on wticu the burden has fallen not being equal toanifurther strain. A sum of fronj£s 000 to £15,000 will provide f(ih'flst"o"Sinkffi<niaH,etc., as indicated by Mr Moody, and for (working capital, and will at once place the miS on a di vidend-pny ingfooting. Tho present cpntjilon of the mine and workings, and an estimatefflitsimmediate prospects, may be gathered froiufje report of Mr R. W. Moody, mining engineerjyho has recently inspected and thoroughly eiamined tlie property at tho desire of the' proiotere of tho now company. His report is appefled to this prospectus, and is of value as therejtt of an indopendant expert in coal mining, i Thei present w<j|ing is from two seams, the first being at a/dtath of about 230 ft., and 7ft. 4in. thick, givinglf flrst-class* household coal, and the second ata depth of 275 ft. and Uft. thick, from whteKaie coal is highly esteemed for steam is extensively used by sea-going and coj&l steamers, and the local Government railwsi Tho demand fptf|)th household and steam coals, widely kjibm as "Kamo" coal, has always been greatly!* excess of tho supply, the output not havinaejbeed 2,000 tons per ironth. This output can'bphmediately doubled with the facilities whicghhe small outlay before referred to will awd, and can bo placed in a ready market at aj'toat to conipeto with any other coals. r"'% In addition to thejngt stores of coal proved to exist in this property, there arc valuablo clays, iron ore, and other ntnerals which will in time prove sources of profi, but in the stores of coal alone, ■which are ptavp both as to quantity and quality, there is thoaiurance of a profitable investment. ■ • "'-p The greator part of the Company's freehold, consists of good agr&ltura! laud, and may be leased in small areasfor farms. Several lots have been already Stflised, and it is ostimatod a rental of from fiiodifc gsoo per annum will be received from thissofte The Machinery anSbther Plant consists of Winding, Pumping, other steam Engines, Steam Boilers, Coal.§li ps a ] a rgo quantity of Tramway Kuils, CoalSt ce ns, Blacksmiths' and Carpenters Shops,-.wS Took, Timber, Iron, etc., also Agent's and-Torkmcn's Houses, etc., etc., as per InventorWp be seen at tho Company s office, 4, Marmtfjhambere. A-UCKIiNJi), isth June, 1887. To the CHAIRMANeid DIRECTORS of the KAMO COLIBiy COMPANY, LTD. Gentlemen, - :•'% ' In accordance with votr instructions I have been over, and have thijttuglily examined, the whole of the mineralpArticS anc j p i an t of tho Kamo Coal Company itlvhangarei; and now bog to hand you luyTeWfc, as follows :- I fir.d that onrefurrtoo the plans of your surface properties thoj-Btgiet of i,747 acres of ireehold and 571 acresolfeschold lands, in all about'2,3lß Mres; theto» 1( , I)is bßing a u aeo - ured to the Company f^,^ poriod | at VQry moderate rentals. •■ -'.jf 8 * J "" V/ The wholo of thcseMcrties have already been proved beyond aMubt to contain two very valuable seams of m. t v. o ton scam 230 feet from the surface, bMfa. «n. in thickness ot clean coal; and the l(j& r seaul 275 ft from the surface, is lift. thM ot clon] \ coiii, - there being no bands or refn(^ whatover i n either seam, which is a great a| ailta g e in securing tho marketable coal in clean rondition. And, by a cariifttUviinii'nntinnof the underground Id that he fl»°ntiy of coal extracted from « a ™MheS sent time is about 2,220 acres of both«ejra s jKCchS& for future operations. wll? O w in i consider yield (exclusive of faultaS Ii maD some' thlnpr like 33,000,000 toiijjf * i?.l c a w« cZ[• and lam certainly diapoS^T^ that f?Sm good indications °c Oa i will be found on this propertyatloT rr o y and at no great depth below your wffif wtniViTarn The permanent windingS^^WX'hinery, with all the other^ t P^ rt pl "f D Kee now on tho Company's pfflJJ a "? stantial. and in s and °#coal offrointoo bottom of the shaft, are affc oo f co f al order, and ready for worki L^ e °WSSS?' Tho only outlay required woriMnK operations on a of a new and larger ventila't!f o u 1 U , -Jl, I ,S be done at a very ivh hhto rendered necessary by the«- a , nc l ™" passed by the New Act recently some other minor improveO' sl f otUl ?' t V hn absolutely required to 4fe%fn« t put of coal, which is necessary tol n VVi ... *V « increased domand for the '(s£ aot , tlic f eatly The coal can be produceM , ny ? c ?-\ n iu n railway waggons mto <Ao screens at the colliery at a W hc I Con JP l " l^ ( . s and the daily increasing oost and steam consumption ia'S I 0 , boUl lloua § that a very prosperous f proof Kamo Coal Company. . |i in store for the And, ir. conclusion, I beM , T fectly safe in stating that*tt!-ir tmt l r"iiP will prove to bo'S c amo ■ c . 01, . 10 . 1, y Vestments of tho kind wlof the safest inColonies. S? Austmlatsian I arii, Gcntlcnie V:: YoursfaS, ■ R- W jjm i ,V: Mining, Oivn,audMe^ ngincer<