Page 1 Advertisements Column 3

Press, Volume XLVII, Issue 7517, 5 April 1890, Page 1

rrospecinss. *— i - i i , IL prospectus OP THE BLACK BALL '. COOPERATIVE ! ! COLLIERY COMPANY, LIMITED. | To be Incorporated under the Companies Act, j 1832, and the amendments thereof, whereby the liability, of each: member is limited to the amount of Ms shares!) " * -? ; Divided into 23,000 Vendors* Shares of. «1 each ! fully paid, and 45,000 Contributing Shares c of £l-each. : ,- T^ ' These 45,000 Shares are now offered for sub ' scription, payable a3 follows:—6d on appnca- ' tion,6doi> allotment, and the balance in calls not exceeding Is pec share per month (unless ; otherwise determined by a general meeting of ' shareholders). , After the Company is floated financial arrangements can probably be made, should the! , shareholders pbnaider it desirable, which will: obviate the necessity of making many calls. •' - - Pbovisional Directors: ! - , ]! LEONARD HARDER, Esq., Solicitor, Christ- , church. ■/ ■ v: .;■--..;. > / ;. H. P. HILL, Esq., Avonside, Christchurch. - SAMUEL MANNING, jteq,, Mayor of Christ- i ' church. -' ; A. LoUGHREY, Esq.. M.H.R.. ChristchurchJ. KuuaOUß, Esq., Coal Merchant, Grey-' month. | W. VINCENT, Esq., Christehuroh. : JAMES GOSS, Esq., Timber Merchant, Christ* church.' '".'."'' ' ; JOHN MULL, Esq., Coal Importer, Port Chalmers. Bankers: THE UNION BANK OF AUSTRALIA, Limited. ■ • Brokers: • '■■ 5 JAMES HENDERSON,'Christchurch, , R. HILL FISHER, Christehuroh.' ANDREW HAMILTON, Dun'edln. HaKCOURT and CO.', Wellington. VICKKRS and HULL, Auckland, - < Solicitor: Ij; • T. D. HARMAN, Christchurph. .Secretary (pro tern.): -.- :-i E, F. DOMBRAIN, Caahel street, , , v . ' i ; Christouurch..... - Consulting Mining EsotNEEB: A. B. LINDOP, M.E. . THE objectsof this Company are primarily for the purpose of acquiring the Black' Ball . coatfleid, on tne Grey River, in the District of Mawheronui, on the West Coast of the Middle I Island of jNbw Zealand, and also of. carrying on | the bubiness of coal masters, and other busiinesses associated therewith, and also as set out "in. the draft Memorandum of .Association of the; COmpany printed herewitn. The Black- Ball coalfield consists of about 1914 acres, held on lease ironi her Majesty the .Queen, at the'dead rent of. £192 until the Ist .January, 1891, and thereafter of i>4Bo per annum, merging into a royalty, however, of 6d per ton '6a tne coal produced. Term twenty-one years from the Ist day of January, 1886, with a right of renewal for twenty-one years under tile terms of the Land Act, 1877, Appendix E. "Valuable water an a. timber rights have been secured-in connection with. the field, and tho Company will hold the rights tj water in priority to all others, - The original leases can be seen at the office of James Henderson at Christchurch, aod a plan showing them and the neighborhood are given below. ' The field is situated about eighteen miles from the important port and harbor of Grey* ; - mouth. By means of the existing Government and Midland llne3, railway communication with 'that port is brought to.within three miles of the mouth of the main adit, now being driven to open the works. A trial line has been surveyed, 1 and levels taken for, the necessary connecting branch line of railway by Mr JUobson, CE,, and an estimate of cost is given below. ' The greater portion of the available capital of the Company is required for the construction at tMsHne, ' :.■■■.--;--': f ;..--^;---• Kstxmatep Contents oe the FiaiJ>.--Mr Alfred B. landop, of Springfield. Mining Engineer, has supplied the report subjoined. His qualifications are certified to by Sir James Hector; K.C.M.G., Director of-the New Zealand geological survey, thus:—"l have great pleasure instating that Mr A.' B, jUndop has been employed on many oocasions as a mining engineer by the New Zealand Government, through my department, and that bis services have always been most, satisfactory. Hw reports are always most complete, and his estimates very reliable. I consider him a man of strict integrity." Mr liindop estimated in May, 1&S8, that the coal- , field contained 27,000,000 tons of coal, and stated that the coal exposed to view in seven outcrops is a hard bituminous caking coal of excellent quality, that; 11,000,000 tons ccnid be worked level free, that is above water level, no shafts or -pumping being required, and consequently the coal can be won at a minimum of expense; He also states that this is an enormous advantage in the economical working of the mine, and "more than compensates for the extra railage of the coal as compared with other mines. In the Black Ball Coalfield no pumping is required; the mine is self-drained; audtnere is plenty of water-power, which may be utilised for working fan for air and hauling coal; and when the pit is idle the expenses at the mine are practically nil, which is a great advantage in case of a strike or slackness i>f trade. In March. 1889, Mr Lindop, after spending nearly a month m prospecting and taking levels, estimated that some 7.000,000 cons of coal could bo extracted from the level (which is now being driven) by workings to the rise. He states that the average thicknesses of the seams are 12ft and sft respectively, divided by a hand of sandstone from Ift 6in to 6fc wide, giving a total average thickness of coal of 17ft. He also stated that he had never reported on a coalfield in which there was such an enormous cmantity of coal with such facilities forgetting as on the Black Ball field. QorAErry. of the COax.—Bituminous, forming a vitreous coke, with 'brilliant metallic lustre. . .The twenty-third report (viz., for 1887-8) of the Colonial Museum and laboratory, gives the following analysis of the Westport coal, and for comparison an analysis of a sample os coal'taken from the outcrop of the top seam df the Black Ball field is also given:— Black Westport Ball. 23rd Report. Fixed carbon .. 46.E0 .. fi&Ol Hydrocarbon ..45.60 .. 37.17 Water .. .. 4.00 ... 2.6J : Ash .- ...'■ 4-10 .. 4.22 Evaporative powers 6.01 .. 7.28 The percentage of hydro-carbon (the most valuable element) in the Black Ball coal is thus greater than that in the Westport coal. Gab Test.—Following is the average result of tne testa made by Mr D. B, Mackenzie, the manager of iha Cnristohnrch Gasworks, of this coal from the outcrops, for gas-making Qualities: — Gas produced per ton, 11,540 cubic feet. Coke „ ■'■' - « - 10cwt.(dry). Illuminating power (standard candles), 1819 ' ' which is equal to 13.560 cubic feet of 16 candles per ton. (Newcastle gives from 9000 to 10,000 cubic feet of 16 candles per ton.).. ■ < Value per ton in, lbs., sperm, 742*75 Value per foot in grains, sperm, 451U - He also states that the above results show , that these coals are of good, quality for gasmaking purposes, and the quality of the coke is excellent. Railway, &c—Estimates—Mr C. Napier Bell, Engineer of the New Zealand Midland . Railway Company, Limited, estimates the. length of the connecting line and bridge from Kelson creek, to which the railway Is now completed Vat 2 miles 20 chains, ana the cost of construction at £22,040. By Mr Dobson's t.ial survey a tunnel, provided for by Mr Bell, at a cost of £1650, will not be required, and the line is i miles, 25 chains . long - but the length of the bridge required is uouf t more than Mr Bell's estimate, so that the true estimated co3t comes out thus—. Mr Bell's estimate .-, .. £22,040 tunnel not required , .. ; 1,650 £20,390 Addbridge,liooft,ftt£4 .. 4,*00 • Also small looomotive, pro*. bably required' ... '•'"'■ *.«w . AndMrLindop'eestimato for -_^ tunnel, tramline, &c ... SfidO > "Total estimated cost of putting .'':..." t - ttie Held in working order to . commence business .. «3L290 Harbor awd Shipping—The Westland Coalfields Committee of the 30th August 1889» reported (inter alia)— - '-' (S.)That the Greymouth harbor varies in , depth from 18tt to 21ft on thy bar. (9) That the ■ harbor works and ■abioping facilities at Greymouth and Westport . should be carried on with much greater 1 despatch than heretofore. -. . , | (10.) That the Government, while insisting upon the observance of the terms ana conditions of all leases, should give every : ■encouragement to opening up new coal mines, oy providing extra shipping facilities and railway accommodation.: 1 OL) That the undoubted superiority of the West Coast coal muss create a large "foreign demand, which should be supplied by making the harbors accessible to ■ • vessels of large carrying capacity aon 'deep draught. i CHARTERS—From 'information - supplied by : competent shipping agents in Christehurch, it 1 appears there will be no diineulry in arranging - for . . i PbSsekt Works—A main adit is now.,being driven by the present proprietors to work the i Beam, and has been put in 332 ft, leaving only