Page 1 Advertisements Column 4

Daily Southern Cross, Volume XXIV, Issue 3352, 14 April 1868, Page 1

BAY OF ISLANDS COAL COMPANY (LIMITED). CAPITAL, £20,000.— SHARES, 2,000 of £10 EACH. DIRECTORS : Chairman— J. O. Firth, Esq. J. T. Mackelvie, Esq. Thomas Russell, Esq. John McLeod, Esq. C. J. Stone, Esq. G. B. OweD, Esq. James Williamson, Esq. W. C. Wilson, Esq. BANKERS : Bank of New Zealand. SOLICITORS : Messrs. Whitaker and Russell. npHIS COMPANY are now the Proprietors of the X Kawakawa Coal Mines, in the Bay of Islands, having made a satisfactory arrangement with Mr. McL«od, 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 patt payment of the purchase from him 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 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 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 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 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 j 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 thejport, 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 £6,000, double that quantity could be supplied without difficulty. Applications for Shares must be made in writing to the undersigned before Tuesday, the 28th 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 deposit of £1 per Share to be paid 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 Xi LIFE INSURANCE COMPANIES.

Fire Capital, £1,000,000. Life Capital, £100,000. FIRE RATES in accordance with the Tariff. LIFE RATES moderate. I. W. HARROP, Agent for Auckland. Forfc-street, April 6, 1868. SOUTHERN INSURANCE COMPANY,

MELBOURNE. MARINE EISKS ACCEPTED at CURRENT RATES. CRUICKSHANK, SMART, & CO., High-street. SHARES FOR SALE.

ONE FULL SHARE in GILLAN'S GREAT REPUBLIC CLAIM, No. 2 Branch, Tapu Creek. Price, £250. This Claim yielded 1350z. of gold from 150oz. of specimens, taken from a small blind creek in the centre of the Claim. ONE FULL SHARE in LOW'S CLAIM, Tapu Creek. This Claim is situated on the same ridge as Gillan's, and immediately above it. I Price, £160. j ONE-TENTH SHARE in MoNALTY's CLAIM. This Claim immediately adjoins Gillan's. Good gold struck. Prospect in the lender on the surface, l£dwt. to the dish, beside specimens. Price, £10. FOUR.FIFTHS SHARE in WAY'S CLAIM, j This Claim is on the same ridge as McNalty's, and immediately above ifc. McNalty's leader runs through it. Pros- | pect, ldwt. to the dish on the surface, and splendid specimens. Price, £75. ONE-QUARTER SHARE in the DAUNTLESS and TRUE BLUE CLAIMS. The DauntLESS adjoins Quinn and Caskell's. Price, £40.

A plan of Gillan's Claim can be seen. For further particulars, apply to EDGAR & GILCHRIST, Dyers, Shortland-street. THAMES GOLDFIELD. THE undersigned has for Sale Several Firstclass SHARES, well worth the attention of intending purchasers. RICHARD EATON, 32, Queen-street; Or to J. H. MoRAE, Shortland.

TO DAIRYMEN. TO LET, for a Term of Years, a FARM of 20 acres, at Epsom —known as Caldicut's Farm — in Grass, with a good DWELLING-HOUSE, plenty of water, and every convenience to carry on a Dairy. For farther particulars, apply to ALFRED BUCKLAND. TO LET, on Ponsonby Road, Splendid Sevenroomed VILLA RESIDENCE; unsurpassed view. - Tanks, wells, and other conveniences. — Apply, John Shbkhan, Storekeeper, Pdnsonby Road. r| 10 LET, the LONDON HOTEL, Queen-street. JL Four years' Lease to run. — Apply on the premises. TO LET, Two SHOPS, with Dwellings, opposite Maesh and C 0.% Grooers, Victoria-street. Rent, 8». each,