Page 1 Advertisements Column 4

Press, Volume XLVII, Issue 7529, 19 April 1890, Page 1

Prospectus. _18ft to complete the present -ontract, the time for completing which will be about nine weeks. This site of the adit was carefully decided upon, and surveyed before the commencement of operations. Estimated Output ahb Profit, by Mr Lindop. The second year, viz., 1891. we could average 2000 tons per weefcy and afterwards 5000 tons per week, or more if required: it would only be a question of trade. Assuming, however, an output of 1300 tons per week; thus— E-CPENE-naHJE. Per Ton. £ s. d. Deadwork, including management, timbering, repairing roads, trucking,&c ....... - -010 Gettingcoal _ .. - .040 Royalty .. .. — -006 Railage, mine to Greymo-i-i - .038 Total cost .. _. _ .092 Price at Greymo-th _. — . 012 8 Profit at Greymouth, per ton.. -03 1500 tons per week, equalprofit per annum of Equal to a dividend of over 18_ per cent, per annum on 370,000, the capital of the Company. ESTIMATED PROFIT AT LYTTBXTON. Cost price at Greymouth per ton ..092 Freight on chartered ships to Lyttelton 0 5 o Insurance, wharflng, loading, &c. -016 Total cost at Lyttelton .. .. 015 8 Average price of coal at Lyttelton in January, 1890, according-. a local coal merchant was _. - — 019 0 Leaving profit at Lyttelton, per ton ..034 Or annual profit. £13,000, equal to a dividend on the capital of the Company of over 18$ per cent, per annum. Whoa the Midland Railway is constructed the facilities for getting the coal to market will be greatly increased. The Press of the loth January, 1890, states that the prices of Greymouth coal to be supplied to the New Zealand railways are: at Lyttelton, 21s per ton; at Timaru. 223 3d per ton; and at Oamaru, 22s per ton. The prices of the same coal supplied to the direct steamers are: 20s 3d at Lyttelton; 21s at Dunedin: and 25s at Auckland. The profit at Wellington, Dunedin, Port Pirie, and Melbourne is estimated to be equally satisfactory. With an output of 3000 tons per week, it is estimated that the profit should be over 37 per cent, per annum. Recently an extensive alluvial goldfield has been opened on the property, and the water rights above mentioned will consequently prove highly valuable, as the miners must purchase water from the Company, owing to the Company having the prior rights thereto. Pri-3 of the PROPBRTT—The vendor has offered to enter into a contract with the Company to sell the coalfield for £32,000, and showing the great confidence in the value of the property that exis;s, will take 25,0u0 paid-up shares in part payment. Co-operative Clause —To induce householders and others to take an interest in the Company, the Directors will have power to allow holders of 50 shares and upwards a special discount on their annual pnrchases, to the extent and subject to the terms the Directors may from time to time decide. 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 -7000. The produce of the mine will compare favorably with the coals of Newcastle,.- New South Wales, which are exported to India, Hong Kong, Manilla, Java, San Francisco, Valparaiso, the other Australian Colonies, and New Zealand, and it is anticipated that eventually a large portion of this trade will be 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 are also 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 numoer of their steamers, owing to the expansion of the frozen meat industry. Mr Brown, manager of the Westport and Port Pirie Coke Company, stated to the Westiand Coalfields Committee, 1889:—" I think you ought to b.i prepared for a very large trade, and a , demand for an increased production. If iyou get vessels of 2000 tons to carry four coal, you would get the whole of the Californian and South American trade. At Newcastle there are sometimes 41 ships waiting for coal for San Francisco atone. 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. Ail that trade would belong to you, for you have a far better coal." The Provisional Directors have endeavored from the information supplied them to estimate profits below rather than above the facts, and in placing this property before the public they beg confidently to state that it would be difficult to procure a more valuable coal field 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 Directors will register the Company as soon as two-thirds of the shares now offered have been subscribed.

The brokers' charges ana 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 .the brokers* as far as practicable. Applications must be made iv the accompanying form, and forwarded to the brokers, together with the amount payable on application. If no allotment is made, the deposit will be returned without deduction. The draft Articles of Association can be seen at the offices of the several brokers on application ; and applicants shall be deemed to have full notice thereof. Application for shares will be received by the brokers up to a date to be notified for closing the list. For prospectuses and plans, apply to the Brokers or to the Interim Secretary. 2926 Volunteer NoticesCANTERBURY IRISH RIFLES. THIS CORPS will PARADE to attend Service at St. Mary's K.C. Church on SUNDAY NEXT, 20th insfc. Fall in at 2.30 p.m. A Government Parade will be held on MONDAY NEXT at 7.30 p.m., at which every member must attend. G. F. WHITESIDE, Captain Commanding. ■ ■; ' 4266 County Councii. COUNTY OF SELWYN. PROPOSAL TO RAISE" A SPECIAL LOAN OF £-000. I HEREBY give notice that a POLL of the RATEPAYERS of the Malvern Waterrace District will be taken at the undermentioned places between the hours of 9 a.m. and 6 p.m. on MONDAY, the 21st day of April, 1890. to decide by vole the proposal published in the Press m wspaper of 26th, February and 12thand26thM-rch, 1890, and in the "Lyttelton Times" newspaper on the sth and 19th March and 2nd April, 1890. to RAISE a SPECIAL LOAN of £4000 for the purpose therein described. POI__ING~PLACES. Courtenay Road Board Office, Kirwee (principal) School-bouse, West Melton School-house, Darfleld School-house, Charing Cross School-house, Burohatn East Malvern Road Board Office, SheffieldDated this seventh day of April, 1890. David McMillan, 3787 Chairman of the County of Belwyn. ___*_ Union. By Special Permission of the Hon. the Colonial Secretary. GRAND NUMISMATICAL ART UNION. rjnHE Undersigned, having decided through X special influential request; to dispose of his splendid and unequalled COLLECTION OF COINS, on view in the Dunedin Ex-dhition, begs to inform the public that tickets can now be obtained, at 10s each, at Mr Levy's, tobacconist Christch-r-h,"and Eden George, photographer Christchurch. -000 MEMBERS AT 10a. First Prize—The Collection of 2000 Coins as now exhibited. . Second Prize—A Duplicate CoDec-ton of the above, consisting of about 700 cotus.

For Description see l-andbflls, The Drawing will be duly advertised, sad win be under the supervision ox an _o_lua_t*__ Committee of gentlemen. For further pa-tlcular3 apply to HENRY ZANDER, 2576 * Ashburton. _ B-j-kxafSCFT — _s' <___9w-B-S_- r f¥__Cß 'PRESS' _iana_-_-r-Md<»A---TTK JL for an No-lees under __• Debta-saad