Page 1 Advertisements Column 3

Daily Southern Cross, Volume XXIV, Issue 3358, 21 April 1868, Page 1

BAY OP ISLANDS COAL COMPANY (LIMITED). CAPITAL, £20,000.— SHARES, 2,000 of £10 EACH. DIRECTORS : Chairman— J. C. Firth, Esq. J. T. Mackelvie, Ksq. Thomas Russell, Esq. John McLeod, Esq. C. J. Stone, Esq. G. B. Owen, Btq. James Williamson, Esq. W. C. Wilson, Esq. BANKERS : Bank of New Zealand. SOLICITORS : Messrs. Whifcaker and Russell. rriHIS 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 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 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 aoy 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 aejain in reserve, if it should be required, which c»n 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 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 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 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.

THE WAIOTAHI GOLD MINING COMPANY (REGISTERED). CAPITAL £4,000, IN 400 SHARES OF £10 EACH. Liability Limited to the Amount op the Shares, _ — — — — PROVISIONAL DIRECTORS t John Henry Burnside, "Manager pro tern., and Chairman. George Rhodes 1 Benjamin Johnson William Robinson j George Rhodes, jun. (With power to add to their number.) BANKERS : Bank ot New Zeaiilnd. SOLICITOR : J. B. Rdssell, Esq. THE ground which the above Company propose to work is comprised in the claims known as the Parnell Claim and Townley's Claim, both situated on the Waiotahi Creek and adjoining each other. The area of these claims, of which the Company are now the holders, consists of a block of upwards of three acres, traversed by the well-known Parnell Reef, and situated at the foot of the Waiotahi Creek, and is bounded by the Manukau, Mulligan's, Perseverance, and the Saint Lawrence Claims, which are well known for their richness. The Company is registered under the Mining Companies Limited Liability Act, 1865. The Shareholders, convinced of the benefit to be derived from the union of these Claims, thereby giving sufficient room for the erection of Machinery, and the better working of the ground, have coalesced and formed the Waiotahi Company. Of the four humired shares, one hundred and ninety-two are retained as ptid up in full by the late proprietors, and the remaining two hundred and eight shares are offered to the public at par. One pound per share to be paid on application, and four pounds per Bhare oi allotment ; when further calls are made, twentyone days' notice will be given. The deposit paid on any shares applied for and not allotted will be returned without deduction. The money raised by the disposal of these shares to be applied to the purchase and erection of machinery, on the latest and moat improved principle, for crushing, am»lgam»ting, and extracting the Gold, and for the general working of the proposed Company. Printed forms of application and general information can be procured from the Directors, at Shortland Town and Auckland ; also from the Agent of the Company, JOHN BUCHANAN, Shortland-street, Auckland. Auckland, April 15, 1868.

IMPERIAL ASSURANCE COMPANY Of LONDON. Capital: £1,600,000. '" Agent ; SAMUEL JACKSON, Fort-stroet

SOUTHERN INSURANCE COMPANY, i MELBOURNE. MARINE RISKS ACCEPTED at CURRENT RATES. CRUJCKSHANK, SMART.^ft CO., Bigh-street.

k ROYAL INSURANCE COMPANY. • j BOOK AWIA.NACS for 1868 may nowbfchad at-theoffice of the Companyi Queen-strtet. . f «Biskv accepted, at, lowest current rates. t]/^ V » " " "' " WILLIAM* WEAVER,' Agent, Auokltnd, April, 1868.