Page 11 Advertisements Column 3

Press, Volume LXII, Issue 18635, 9 March 1926, Page 11

I I Famous Shotover Riverbed to be Dredged The Lower Shotover River is the only outlet of a fabulously rich goldbearing district, from which upwards of 300 tons of gold have already been consigned (vide Government Statistics). It is a huge, natural sluice channel, into which gold has been poured for countless ages by glacier, floods, and ever-running waters. IT IS THE MAIN SOURCE OF GOLD SUPPLY FOR THE KAWARAU BASIN. Fortune after fortune has been made by working the beaches of this river by the most primitive methods, and it is now proposed to go after the gold in a thorough, systematic matter with a powerful, modern, electrically-operated Dredge. This proposition must not be confused with others. It is not a gamble. The claim was prospected from end to end and established returns are used on which to base earnings. Though conservative estimates are alone used, it will be seen that the future of "The Golden Terrace Extended Gold Mining Company Limited," now being formed, will be, beyond possibility of doubt, one of big dividends. ABRIDGED PROSPECTUS OF THE Golden Terrace Extended Gold Dredging Company Ltd. Lower Shotover River (To be incorporated under "The Companies Act, 1908.") Nominal Capita Divided into Shares of £1 each, 35,000 of v?hich fully paid-up Shares will be allotted to the Vendors in FULL consideration for the SALE to the Company of" (Minimum Subscription to go to Allotment £10,000) iaaETOSMftxiitii, scnption on the following terms, viz. :- PROVISIONAL DIRECTORS: J. HOLLOWAY, Agent, Invercargill R. H. BRODRICK, Retired Bank Manager, Invercargill. Now one of the Trustees of the Invercargill Savings Bank JOHN THOMPSON, Miner, Queenstown WILLIAM MEREDITH, Miner, Queenstown JOHN MURRAY, Coal Merchant, Invercargill ALBERT E. BATH, Motor Importer, Invercargill . Solicitors ; MacALISTER BROS., Esk Street, Invercargill Bankers: COMMERCIAL BANK OF AUSTRALIA LTD., Invercargill Interim Secretary: JAMES F. PENMAN, (Box 203) 52 Esk Street, Invercargill Auditors: CUTHBERTSON & WEBB, Public Accountants,. Esk Street, Invercargill The Objects of the Company Tlie objects of the Company are to take over ...j i. -i n..j^n n CliiJ/.-inor nr TWini-ncr in SUr.h manner as the Company may from time to time think fit, all the Claims as described in licenses issued at Queenstown \by Warden G. Cruickshank, dated 6th August, 1925, comprising 405 acres, situated on the lower reaches of the Shotover River, extending from *he Lower Shotover Bridge, 3i miles up the River towards Arthur's Point, varying in Width from 100 yards to 800 yards from bank to bank, including all beaches. To build and erect a modern, powerful, up-to-date Electric Dredge, with a lifting capacity rmTo harness tne rails oi wye ureeis, uu Lake WakaYipu, construct pipe-line and pen stock, erect power-house and generating plant, erect poles, wires, etc., and convey electric, current from the powerhouse to the Dredge on the Shotover. , 2/- per Share on Application on Allotment Balance in calls of 2/- per Share at intervals of not less than one month. It is anticipated that not more than 14/- in the £ will be required. The minimum FTTTrfl;raMy)*-^.-.<ra»>f^«' for is 10. Reasons why you should Invest: First and foremost it must be realised that, while the possibilities of "rich finds" in the Shotover River are as great as in any river, there is no "gamble" about the proposed Company's earnings. The Claim was prospected by an old Dredge in Dredge Master's Gold Record Book can be inspected at the ofllce of the Solicitors for the Company. v Though on the verge of 3 failing to pieces and working with leaky buckets that lost over half the fine gold, the old Dredge averaged 6d per yard, an" returned £6,875 over one period of 275 actual work ing days. \ In those days dredges of the elaborate nature return* per yard with the new Dredge will be considerably greater. This, however, is disregarded in and the figures of the actual returns of the old Dredge alone are used. The proposed new Electric Dredge will handle 360 yards an hour; at 6d per yard this will return £9 per hour, or £216 per day of 24 hours. (The Dredge will work continuously by three shifts). Allowing 300 working days a'year, this will give an annual return of £64,800. The Company will own valuable Water Rights favourable conditions. The easy going makes this a vastly different proposition to rough ground. lass men are required, while repairs and maintenance; will be practically nil for the first five years. As far as can be seen now, main operating costs fits await investors. run details, figures, etc., accompany the EjP»* pectus, which is obtainable from the local Brokers. The Provisional Directorate ia composed Of bxd. raliMfaiM Dredge which prospected the claim In 1898. • The present holders of th© Dredging Bights aa« valuable Water Sights for the Hydro-electrJc pawn The Company's Operations are ra no way i Scheme. . All gold will he the absolute property of the shareholders. No tribute is payable to any other company or syndicate. Absolute control rests irtta the shareholders alone. •■''.". The average depth of the gold-bearing wash, is 24 feet, giving 33,720 cubic yards to the acre. : This assures about 14 years' continuous working. All TOTOMMJiMM^^^^^^ Lake menaous leuuuuuu ui v,yei «*■/***& ™»" i —• —° —— — *■ — , .- .■--.,. tract pipe-ii™ ana pen >M erect w»i «* <"» J&J>s2£i™* *** *" ' SoMom is a proposition lite liw.prei«iit«4-T edee on the Shotover. Dredging, and consists of fine gravel wash, totally |h e possibility OI record retUTIU as great free of boulders/etc., again lightening operating £ , , ;ij t _ W hth Claim * costs as compared with Dredges working under less as any m ine locality . !llS 8 42?£SS H Shares are already being rapidly applied fa JSCHWS* in Otago and Southland, so application should irs, lay pipe-lines, and erect poles ' . " j •, f . J J ' carry power to the Dredge, at an be JtiCLae WltnOUt CLelCty jf £10,500. v% * m******* The Chief Brokers reserve the right to make pro-rata allotment in case of over-subscriptUm WMltiiMi J. S. DAY & CO., Local Brokers National Chambers, 161 Hereford Street, Christchurch To Work the Claim As the claim consists of highly auriferous gravel wash free of all boulders, it is proposed to build a powerful, capacious, modern, electrically-driven Dredge at an estimated cost of £25,000, and to erect a'Hydro-electric Power-house at Wye Creek, install generators, lay pipe-lines, and erect poles and wiring to carry power to 1 the Dredge, at an estimated cost of £10,500. If out of Town, send this Coupon COUPON-FREE PROSPECTUS TO J. S. DAY & CO., National Chambers, 161 Hereford Street, Chnstchurch. Please post me .copies of the.Prospectus of The Golden Terrace Extended Gold Dredging Company Ltd. Name Address

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