Page 8 Advertisements Column 2

Dominion, Volume 19, Issue 156, 29 March 1926, Page 8

NEW DREDGING ENTERPRISE SEARCHING THE CREVICES. HIGH-POWERED SUCTION DREDGE FOR THE SHOTOVER. OPPORTUNITY FOR INVESTORS. Most of us remember the fabulous returns of gold that were won from the Shotover when dredging was at its height, and how fortunes were made almost over night. Will the good old days ever return ? It is stated with ■■ohfidence by experienced miners that there is more gold left in the Shotover ‘han has ever been taken out of it. 'an this gold be raised from its bed in he crevices ? The modern powered etion dredge now enables one to say Yes.” It is well known that the old-fashion-e' dredge simplv scratched the surface. It had neither the power nor the abiltt\ to lift the gold where it lav in the argest quantities—in the crevices. To achieve this n new type, of dredge is necessary—one that will work Abe crevices and draw the gold-bearing material up bv suction. This type of dredge is to be installed by the Shotover Consolidated (Limited), a new company that has secured approximately nine miles of claims of the famous Shotover River, and will , dredge this wonderfully rich patch with the latest scientific methods and equipment. The company already has been registered, and it will commence operations at an early date. The promoters themselves have so much confidence in the enterprise that they have taken up 17,000 £1 shares, and have paid this amount in cash, thus ensuring the flotation of the company Twenty-three thousand £1 shares are now being offered to the public at par, 2s. on application. 2s. on allotment, and the balance in calls not exceeding 2s. pct share at intervals of not less than one month. The company is in no way dependent on the Kawarau scheme, and pays no tribute. As it is anticipated that developments in a certain direction will at an earlv date place a high premium on the shares intending investors are advised to make immediate application. There is only a limited number of shares available, and as thev are being taken up freelv applications will c’ose at anv date. It is the most attractive mining proposition that has been offered the public for manv a long day. Copies of prospectus, with full particulars, may be obtained from recognised sharebrokers, anv branch of the National Bank of New Zealand, or direct from R Finch, secretary. Shotover Consolidated (Limited), Thames Street, Oamaru.-A.dvt,