Page 1 Advertisements Column 3

Daily Southern Cross, Volume XXIV, Issue 3355, 17 April 1868, Page 1

BAY OF ISLANDS COAL COMPANY (LIMITED).

CAPITAL, £20,000.— SHARES, 2,000 of £10 EACH.

* DIRECTORS: Chairman— J. C. Fhtb, Esq. J. T. Mackelvie, Eeq. Thomas Russell, Eiq. John MoLeod, Esq. C. J. Stone, Esq. G. B. Owen, Esq. James Williamson, Esq. W. C. Wilson, Esq. BANKERS : Bank of New Zealand. SOLICITORS : Messrs. WLitaker and Russell. rpHIS COMPANY are now the Proprietors of the A. 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 is 21 years, with a right of extension at the option of the Lessee, on ■ equitable terms. The Royalty is 6d. » 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 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 njade 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 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 1 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 can load, are amply sufficient to supply 1,000 tons a week, and, after an outlay of less than £6,000, double tbat 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.

NEW ZEALAND INSUEANCE COMPANY. TjIIRE AND MARINE. CAPITAL, £250,000. HEAD OFFICES: Corner of Queen and Shortland-streets. GEORGE P. PIERCE, Manager.

IMPERIAL ASSURANCE COMPANY OB LONDON. Capital: £1,600,000.

Agent : SAMUEL JACKSON. Fort-afrtiet SOUTHERN INSURANCE COMPANY, MELBOURNE. MARINE RISKS ACCEPTED at CURRENT RATES. CRUICKSHANK, SMART, & CO., Bigh-street.

IN THE SUPREME COURT OF NEW ZEALAND, NORTHERN DISTRICT. PROVINCE OF AUCKLAND. IN BANKRUPTCY. In the matter of the petition for adjudication of James Palmeb, of Eden Crescent, in the city of Auckland, in the said province, Publican, an Insolvent ; and in the matter of the Bankruptcy Act, 1867. Thursday, the sixteenth day of April, 1868. UPON hearing Mr. Wynn of counsel for the above-named James Palmeb, and upon reading the said petition and the statement of the said James Palmer, and the affidavit thereto annexed sworn and filed herein : It is ordered that the said JAMES PALMER be, and he is hereby, ADJUDGED a BANKRUPT within the true intent and meaning of the aborementioned Act ; and it ,is further ordered that a MEETING of the CREDITORS of the said James Palmer, called the first meeting, be held at the Supreme Court-house, at Auckland aforesaid, on FRIDAY, the twenty-fourth day of April instant, at twelve o'clock noon. By the Court. (L.S.) THEO. KISSLING, Deputy-Registrar. R. W. Wynn, 47, Queen-street, Auckland, Solicitor to the petitioner.

IN THE MATTER OF THE BANKRUPTCY ACT, 1867. 'VTOTICE is hereby given that I have Th.ii Day _Ll FILED in the office of the Supreme Court of the colony of New Zealand, at Auckland, a DEED of ASSIGNMENT and arrangement, dated the fourth day of April, 1863, and made between JAMES DE HIRSCH, of Shortland Town, in the province of Auckland, in the said colony, commission agent, of "the first part ; William Cabbt Hill, of the city of Auckland, in the said province, merchant, one of the Creditors of the said James de Hibsch, of the second part; and the several other creditors of the said James deHirsh of the third part ; whereby all the real and personal ESTATES of the said James db Hibsch are GRANTED and ASSIGNED to the said William Caby Hill, jupon Trust, for the benefit of all the Creditors of the said James de Hibsch. And the said Deed is intended to take effect as a. Deed for the Benefit of Creditors, under the said Act, and to be binding on all the sajd Creditors, including those who do not execute the same. Dated this fifteenth day of April, 1868. EDWIN HESKETH, High-itreet, Auckland, Solicitor for the. wid J«ae« do Hinob,