Page 1 Advertisements Column 3

Daily Southern Cross, Volume XXIV, Issue 3353, 15 April 1868, Page 1

BANK OF NEW ZEALAND.

NOTICE 1 is hereby given that the HALFYEARLST GENERAL MEETING of the Proprietors of this Bank will be held in the Bankinghouse in Auckland, on WEDNESDAY, the 29th day of April next, at noon, for the purpose of receiving the report of the Directors for the half-year ending 31st instant ; to elect a Director in room of Thomas Henderson, Esq. ; and for any other business that may be brought before the meeting. By order of the Board of Directors. D, L. MURDOCH, Inspeotor. Auokland, Maroh 21, 1868.

AUCKLAND INSTITUTE. THE First Ordinary MEETING of MEMBERS will be held in the Museum, Princes-street, on the Evening of MONDAY, 4th May, at 7 p.m., when various papers will be read, and matters of interest may be brought before tbe Society. Members desiring to read papers at the meeting must forward them to the Hon. Sec. (Mr. T. B. Gillies, Wyndham-street), before the 30th of April. Persons desiring to join the Society may do so on payment to the Treasurer (Mr. J. H. Crawford) of the subscription of £1 Is. and entrance fee of £11&. THOS. B. GILLIES, Hon. Sec. April 1, 1868. BAY OF ISLANDS COAL COMPANY (LIMITED). CAPITAL, £20,000.— SHARES, 2,000 of £10 EACH. DIRECTORS : Chairman— J. C. Firth, Esq. J. T. Mackelvie, Esq. Thomas Russell, Esq. John McLeod, Esq. C. J. Stone, Esq. G. B. Owen, Esq. James Williamson, Esq. W, C, Wilson, Esq. BANKERS i Bank of New Zealand. SOLICITORS j Messrs, Whitaker and Russell.

FTIHIS COMPANY are now the Proprietors of the JL 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 tbe 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 him of his interest in the Mines, Buildings, Plant, Tramway, Steam-boat, Barges, and all appurtenanoes 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 ]L 3 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 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 worked, but sufficient is known to justify the state-

ment that the quantity 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 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 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 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 £6,000, 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 tbe state of the mine, the quality of the coal, and other information, may be obtained from the undersigned. A deposit of £1 per Shire 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 nob allotted, the deposit will be returned without any deduction. READER G. WOOD, Broker. , Auckland, April, 1868. LONDON AND LANCASHIRE FIRE AND LIFE INSURANCE COMPANIES.

Fire Capital, £1,000,000. S Life Capital, £100,000. 1 FIRE RATES in accordance with the Tariff. | LIFE RATES moderate. I. W. HARROP, , Agent for Auckland. ■ Fort-street, April 6, 1868. TMPERIAL ASSURANCE COMPANY OB JL LONDON. J Capital: £1,600,000. Agent ; SAMUEL JACKSON, Fort-stmet SOUTHERN INSURANCE COMPANY, MELBOURNE. i IHJ" ARINE RISKS ACCEPTED at CURRENT IVX RATES. I CRUICKSHANK, SMART, & CO., Bigh-street. !" AT THE TAMAKI. TO be SOLD or LET, a Splendid Small FARM, containing twenty-seven Acres of rich Land, livided off into suitable paddocks, and situated in the centre of the Tamakif on the Point England ?oad, and within five minutes' walk to the new ! Jcotch Church. ; The Buildings consist of a comfortable Cottage of four rooms, with D»iry, Stable, Fowl House, &c. The Garden or Orchard surpasses all in the dis1 riot for apples. Terms liberal. Apply to the undersigned. P. Q. PEARSE, -Point England. March 23, 1868. | TO DAIRYMEN. TO LET, for a Term of Years, a FARM of 20 acres, at Epsom —known as Caldicnt's Farm — in Grass, with a good DWELLING-HOUSE, plenty (ft water, and every convenience to carry on a Dairy. For further particulars, apply to ALFREP BUCKLAND,