Page 1 Advertisements Column 4

Daily Southern Cross, 11 April 1868, Page 1

BAY OF ISLANDS COAL COMPANY (LIMITED).

CAPITAL, £20,000.— SHARES, 2,000 of £1 EACH. DIRECTORS: Chaibman— J. 0. Firth, Esq. J. T. Maokelvie, Usq. Thomas Russell, Esq. John McLeod, Esq. C. J. Stone, Esq. G. 6. Owen, Esq. James Williamson, Esq W, O. Wilson, Esq. BANKERS : Bank of New Zealand. SOLICITORS : Messrs. Wbitaker and Russell. nnHIS COMPANY are now the Proprietors of the X Kawakawa Coal Mines, 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 il 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 bins of his interest in the Mines, Buildings, Plant, Tramway, Steam-boat, Barges, and all appurtenances 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 ohains 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 again in reserve, if it should be required, which can be obtained at a very small additional cost. It is known that there is at least one more seam below tbat at present worked, but its value bas 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 workea, but sufficient is known to justify the statement that the quantity is very large. The present demand is about 1,000 tons a month, and is rapidly increasing. It is expected chat within a few months the sale will be doubled, and will continue to increase 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 prioe 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 86,000 Tons 9,000 per annum The 'present appliances for raising the Coal and delivering it at the port, where vessels of the largest tonnage can load, are amply sufficient to supply 1,000 tons a week, and, after an outlay of less than £6,0Q0, double that quantity could be supplied without difficulty. Applications for Shares must be made in writing to the undersigned before Tuesday, the 28bh inst., on which day an allotment will be made. Reports and plans showing the state of the mine, the quality of the coal, and other information, may be obtained from the undersigned. — ■ A^d^Hjqn* of £1 perfittire to pa p»ld on application, and 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 deduction. READER G. WOOD, Broker. Auckland, April, 1868. X ONDON AND LANCASHIRE FIRE AND 3J LIFE INSURANCE COMPANIES. FntE Capital, £1,000,000. Lipjb Capital, £100,000. FIRE RATES in accordance with the Tariff. LIFE RATES moderate. I. W. HARROP, Agent for Auckland,

Fort-street, 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. rriHE undersigned has for Sale Several FirstX class SHARES, well worth the attention of intending purchasers. RICHARD EATON, 32, Queen-street ; Or to J. H. MoRAE, Shortltfnd.

RARE OPPORTUNITIES FOR INVESTMENT. A BEAUTIFUL little RESIDENCE fronting the Richmond Road, Auckland, with large Allotment, Fowl-house, &o. Price, £60. A Good Substantial RESIDENCE, known as "Swindon Villa," immediately behind the Scotch Church, Wellington-street, with Extensive Allotment, Garden, Piggery, &c, &c. Prioe, £220. HOUSES, ALLOTMENTS, and FARMS, in great variety. J. M. LENNOX,

Estate Agent, High-street. SHORTLAND TOWN. TO LET, OR FOR SAILE, A LARGE BUILDING, suitable for a Hotel or Boarding-house, situated on the right-hand side of the Hape Creek. It contains 12 Rooms, with a large Bar and Kitchen. Rent, £2 155. per week, payable in advance. Apply to ALEXANDER HOGG & CO., Pioneer Store. Shortland, January 18, 1866.

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

rpO LET, that delightfully situated RESIDENCE X at Remuera lately occupied by Mr. Samuel Coohrane, with Coach-house, Stabling, &c— J. M. Lenbox, Estate Agent, High-street. H[ 'O LET, the LONDON HOTEL, Queen-street. X Four years' Lease to run. — Apply on the

premises. TO LET, Two SHOPS, with Dwellings, opposite Marsh and Co.'s, Grocers, Victoria-street. Rentj Ba. •aoh«