Page 1 Advertisements Column 4

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

I SlSft to complete th» ?|swsautr«oßtract, the I fame for completing which wißfoa about nine ; \ weeks. This site or the' adit trigs de- \ elded upon, and surveyed belsrs the com- - •a mencement of operations. m \ Estimated OxrrpcT aitd PBoiiir, by Mr Lin- •■ :, dopj The seoood year, vht, 1891, we; juould j average 2000 tons peer week, sn4 aiftergards ■ 5000 tons per week, or more if required; it would' only be a question of trade. Assuming, how- . ever, an output of 1500 tons .per week; thus— & s. d. Deadwork, includicg management, , ;J timbering, repairing roads, trucking, &c .. .. .. :. 0 1 0| GetUngcoal .. ".."" .. .. 0 4 01 1 Royalty *. 0 0 6: ■ Railage, mine to Greymouth v ..0 3 8 : ,Total'.eps*;;.U .-.■•.,;.;; I: i ■ x.l *&b-*. ■>$" &$ 2' , Price at Greymouth ' „ '.. 012 6 ! -ii-'o'"3'" 1500 tons per week, equal profit per annum of [ ■£13,000. : " --••- •-->« w" j.:..- .!,;., ... .-a. Equal to a dividend of over 18$ per cent, per ; annum one£7ojOOO, tixe capitaioi 4 thcEComp*ny. I ESTIMATED PEOFfT AT liTTTSLTON. : ac Greymouth'per taa i . ; .. 0 9 2 Freight on chartered ships to Lyttelton 0 5 0 j Insurance,wharnng,loading,so. {. !8 ,.().l 6 Total cost at Lyttelton .. ..0 15 8 Average price of coal at Lytteiton in. ~ Janu<«yi 1890, acoordiflg to a local, ~> ebalmerchant wa% .'."• ' ''.' 019 0 Leaving profit at Lvttelton, per ton .. 0 3 4] Or annual profit. 3513,000 i equal to a dividend! on the capital of the Company of over 13£ per; cent, per annum. j When the Midland Railway is. constructed' the facilities for getting Che coal toMarket will • be greatly'increased.™ The PiiESs'ofTibe 15th| • January, 1890, states that the prices of Grey-. mouth coal to be supplied to the New Zealand, railways are: at Lyttelton, 2ls per ton; at Timaru, 22s 3d per ton'; ftfcd at Oamaru, 22s per , ton. The prices of the same coal supplied to i > the direot steamers are: 20s 3d at Lyttelton; ;■ 21s at and 23s - * The profit at Wellington, Duhedißj Pirie, ;i '■ and Melbourne Is estimated to be"equally satis- < factory. Withian output of 3000 tons per week.!; it is estimated that tne profit should be over 37 1 per cent, per annum. Reced.#y an extensive! alluvial goldfield has been opened on the property, and the water rights above .mentioned will consequently prove highly valuable, as the • miners mast purchase" Water from the Com-' pany, owing to tha Company having the prior; rights thereto. , BBiOs ~OF-THEr yjemdor Jbaai offered to enter into a contraot wititr-Jbe, oom- i pany to seU the'coalfleldfor 232,(J00Ta-ncl 'shSw-l ing the great confidence in the value of the' property that exi3B, will take 25,0u0 paid-up shares in part paymont. Co-opebative Clause —To induce house-! holders aud others to take an interest in the: Company, the Directors wilt have power to; allow holders of 50 shares and upwards a[ special disoount on their annual purchases, to; the extent and subject to the terms the Direc-: torsmay from time-to time decide^ 5 , X:. ' . Generally—lt is anticipated that the field will be opened up, the railway made, and the Company be ready to commence business with' an available Unexpended/ capital of of from! £5000 to i7ootf.* -~v.=jti The produce of the mine will compare favor-f ably with the coals of Newcastle, in New South Wales, jwhjchj are T exported? to Jgiiga, Hongi Kong, Manilla, Java, San Francisco, Val-. paraiso, the other Australian' Colonies, and: New -Zealand, and it is anticipated. that even-, tually a large portion of this trade will be 1 secured for the Company. In the meantime there is a growing- demand for this class of coal for gas-making throughout New Zealand, and the Australian Colonies, and there will; also be an important and constant demand for locomotive fuel for the railways made and! being constructed in the district. There arealso good prospects that large quantities of this coal will be taken by the various Steamship. Companies trading in the colonies, especially! as they have largely increased the number of their steamers, owing to the expansion of th& frozen meat industry. Mr Brown, manager of. the Westport and Port Pirie Coke Company,* stated to the Westland Coalfields Committee,* 1889:—" I think you ought tojbs prepared for a> very large trade, and.~*< demand, for an" -i&creasedv production. K-jou get.vesselsof 2000 tons to carry your coal, you would get .the. whole of the Califoraian aud South American;.trade.>.'At Newcastle! there' are sometimes 41 ships waiting for coal for San Francisco alone.. .They would take 70,000 tons, I was informed when over there that one mine had an order for the immediate supply of 5000 tons for San Francisco—that is from a single colliery, All that-trade would belong to you. for you;hate a far better coal." • The Provisional Directors have.endeavored from the' ihformatibn "supplied* theitf to esti* mate profits below rather than above the facts, and in placing, thta property before the public they beg confidently to state that it would be difficult to procure a more valuable coal fiela in New Zealand. The sole reason for steps being taken to float this Company is that a railway is necessary to get the coal to market, and capital is required to construct,it. , . The Provisional Direstors will register the Company as soon as "two-thirds of tne £haraa now offered have been subscribed.; -~ I The brokers' charges and the fees payable to the .Government for registering > the: Company are to be paid out of the funds of the Company. Shares will be allotted in the order in which applications are received by.thejbrokersj as-far as practicable. ~. '■' '■'...> ". . •.,,'.,".,,',; Applications must be made in the accompanying form, and forwarded to the brokers; together with the amount payable on* appUcation. If no allotment is made, the deposit will be returned without deduction. , The draft Articles of Association can ba seen at the offices of the several brokers on applidaticn; and applicants shall be deemed toiiavo full notice thereof. Amplication for shares will be-received by the * brokers up to a date to be notified if or closing the list. i ■Fpr prospectuses and plans, apply to the Brokers or tO the Interim Secretary.. $926 ii . ' . "<: Sporty. J ' A CHRISTCHURCH BICYCLE CLUB. , ANNUAL BACE MEETING, ,ta be held lon ' " * . ,\' . EASTER MONDAY. APRIL l 7wt7im, \ at ' * j > LANCASTER PARK. T - The' Programme will .include Bipyoleittnd Foot 'Races, ' and Football Mttttftt—Melrose (Wellington) v Meriyalo (Christchurch). Firstßado to start at v 12.15 p.mj' : ADMISSION, IS. -:.,.!.,' _3. C. OUSACK, SOOI ■■■ • ■■ . y ■-:--■> -,t Hon. Sec OXFORD ANNUAL SPORTS -' ffWE above SPORTS wfll itako- place JL on i IBASTER MONDAY, APRIL 7TH, I£SO, .• /, EAST OXFORD. '{' jESghteen Events. £50- in Prizes. " Erasi Band in Att«wdanceV_' " * P. SMITH, 3331 Hon. Sec FOOTBALL. MELROSE vSYDENHAM. i fiIHTS DAY (SATURDAY),' APRIXi/£rH,. OLD .SHOW GROUN*DSV~ SYDENHAM. .-•-•. : ' Admission— Sixpence. ■ 3326 FOOTBALL. x kaster*"monday, At.9.3C a.m, - r. - ' ." EAST- CHRISTCItLTBqH. . OLD SHOW GROUNDS. SYDENHAM; , ■ 3616 FIRST ANNUAL PRIZE FIRING. A LPHA R^£^lkf- ?^^ r ; EASTER MONDAY, 1890. OPEN TO VOLUNTEER ANDRBJLKCLUBS, A VALUABLE LIST OF PBXZE3 To be Competed for, including t GOLD AND SILVER MF.DATjg FOR CHAMPION MATCH. Four Matches. Drags Leave Square at aan. 3570 CHRISTCHURCH DRAINAGE BOARD. TRAFFIC oa SLOWER* END o«£WajaiEß--1 JL* NB3S ROAD -Will be STOPPEiVaaring ttoa&xaktian of New Bridga. .; jlV: i>: >n I^WINCUTHBERT. April 2nd, 189 a