Page 1 Advertisements Column 4

Daily Southern Cross, Volume XXIV, Issue 3349, 10 April 1868, Page 1

.JBAY OP ISLANDS COAL COMPANY W&\"" (LIMITJED). CAPITAL, £20,000.~SHARES, 2,000 of £10 EACH. DIRECTORS: Chaerman— J. C. Firth, Esq. J: T. Maokelvie, Esq. Thomas Russell, Esq. John MoLeod, Esq. C. J. Stone, Esq. G. B. Owen, Esq. James Williamson, Esq. * W. C. Wilson, Esq. I BANKERS : Back of New Zealand. SOLICITORS : , Messrs. Whitaker and Rusiell.

Hp^ltS COMPANY are now the Proprietors of the JL Kawakawa Coal Minea, in the Bay of Islands, having made a satisfactory arrangement with Mr. McLeod, the original Lessee, for a transfer of his Interest. ; The lease from the Government comprises 1,280 acres of land, including the most accessible and easily worked portion of the Kawakawa Coal Field. The term is 21 years, with a right of extension at the option of the Lessee, on equitable terms. The Royalty is 6d. a ton on the coal sold. Of the 2,000 shares 1,200 have already been subscribed for, inclusive of those allotted to Mr. McLeod in part payment of the purchase from hie of his interest in the Mines, Buildings, Plant, Tramway, Steam-boat, Barges, and all appnrtenanoes now used in connection with the Mine. The remaining 800 Shares are offered to the public. The seam of Coal at present opened on is at least 13 feet thick without any break. The quantity of Coal which can be obtained from this seam, level free within ,80 chains of the present opening, is calculated by competent authority to be about 3,000,000 tons, thus affording in the most convenient form sufficient coal, without any expense for drainage, to last the term of the lease } with as much agajn in reserve, if it should be required, which can be obtained it a very small additional cost. It is known that there is at least one more seam below that at present worked, but its value has not been proved ; nor have sufficient data as yet been obtained to enable a calculation to be made of the total quantity of Coal which can be obtained within the limits of the 1,280 acres over which the lease extends from the seam now being worked, but sufficient is known to justify the statement that the quantify is very large. The present demand is about 1,000 tons a month, and is rapidly increasing. It is expected that within a few months the sale will be doubled, and will continue to inorease rapidly as the value of the coal becomes more widely known, and greater facilities for obtaining it afforded. A profit of ss. a ton may be safely calculated on for local consumption, as the Company will be able to , realise that, and at the same time sell a' better coal, especially for steam purposes, at a much less price than can be obtained elsewhere. — This would give : On 12,000 Tons ... .:. £3,000 per annum On 24,000 Tons 6,000 per annum On 36,000 Tons 9,000 per annum The present appliances for raising the Coal and delivering it at the port, where vessels of the largest tonnage oan load, are amply sufficient to supply! 1,000 tons a week, and, after an outlay of less than £6,060, double that quantity could be supplied without difficulty. Applications for Shares must be made in writing, to the undersigned before Tuesday, the 28th inst., 1 on which day an allotment will be made. Reports and plans showing the state of the mine, the quality pf, the coal, and other information, may be obtained from the undersigned. A deposit of,£l per Share to be paid on application, •nd the remainder of the Capital will be called up from time to time, as required for the extension of the works, and as the business of the Company increases. If any Shares applied for are not allotted, the deposit will be returned without any deduotion. READER G. WOOD, Broker. Auckland, April, 1868.

LONDON AND LANCASHIRE FIRE AND LIFE INSURANCE COMPANIES. Fire Capitai,, £1,000,000. Loto Capital, £100,000, FIRE RATES in accordance with the Tariff, LIFE RATES moderate. I. W. HARROP, Agent for Auckland. Fort-streefc, April 6, 1868.

MINING SHARES. FULL SHARE in BARRY'S CLAIM— an Eleventh Part of the Claim, including eleventh interest in all Machinery, &c. SLEEPING HALF-SHARE in the EDINBURGH CASTLE CLAIM, Moanataiari Creek, adjoining Carpenters'. FULL SHARE in GILLAN'S CLAIM, Tapu Creek. Shares too numerous to mention. J. M. LENNOX, Estate Agent, High-street.

MINING AND SHARE BROKERS. THE undersigned negotiate the SALE and TRANSFER of SHARES, and have a few First-class Investments for sale, well worth the notice of intending purchasers. ALEXANDER HOGG & CO. Shortland, March. 2, 1868.

THAMES GOLDFIELD. THE undersigned baa for Sale Several Firstclass SHAKES, well worth the attention of intending purchasers. RICHARD EATON, 32, Queen-street; . Or to J. H. MoRAE, Shortland.

RARE OPPORTUNITIES FOR INVESTMENT.

A BEAUTIFUL little RESIDENCE fronting the Riohmond Road, Auckland, with large Allotment, Fowl-house, &c. Price, £60, A Good Substantial RESIDENCE, known as "Swindon Villa," immediately behind the Scotch Church, Wellington-street, with Exten. sive Allotment, Garden, Piggery, &c, &c. Price, £220. . HOUSES, ALLOTMENTS, and FARMS, in great variety. J. M. LENNOX, Estate Agent, High-street.

FOR SALE, MONSTER SPECIMEN. Price, £50. On view at Mr. Beck's, Jeweller, Queen-street. ._

TO SELL or LET, th« Stone and Brick HOUSE known' a£ the AUCKLAND CLUB, in Eden Crescent.— Apply to W. ArrgEy, or the owner.

TO LET, at Parnell, a BUTCHERS' SHOP, lately occupied by Mr. Elley ; also, a BAKERS^ SHOP, with Good Oven, .Stable,, and ,'Cart-Bbed,, lately occupied by Mr. Hale.— Apply to Thomas Johnson, Windsor Castle, Parnell. .

TO LET, in St. George's Bay, adjoining Major Heaphy's, a HOUSE, with Garden. The; house contains eight rooms, and is in thorough repair. rr-Apply to Mrs. CHURToy.

TO LET, that delightfully situated RESIDENCEat Remuera lately occupied by Mr. Samuel Coohrane, with Coach-house, Stabling, &c— J. M. LBwaox, Estate Agent, High-street. ,_'

ft <O LET, the LONDON HOTEL, Queen-street. \ JL Four years' Lease to run.— Apply on thepremises. " ' '

TO LET, Two SHOPS, with Dwellings,' oppoute' . .Mahsh and Co.'a, Grooori, Viotorja-street,-Jtat, 81. each.