Page 4 Advertisements Column 2

Daily Telegraph (Napier), Issue 3783, 30 August 1883, Page 4

County Council IVotiees. HaAvke's Bay County Office, Napier, August 9, 1883. QEALED TENDERS will be received at O this office up to noon on SATURDAY, September 1, for Metalling 12 miles of Road in 2 contracts, commencing at Barricade Creek and ending at Kuripapanga bridge. Specifications can bo seen and all particulars obtained at this office. G. T. FANNIN, Clerk, C.C. TLB. I'INJWBBee-U.e-. rROSP E C Tv s —of the — TERRACE GOLD MINING JLV — AND — AVATER RACE COMPANY, LIMITED, STAFFORD TOWN. TO BE REGISTERED UNDER " THE MINING company's ACT, 1872." CAPITAL £15,000 —IN — FIFTEEN THOUSAND SHARES OF £1 EACH, 12,000 of Avhich arc now offered to tho Public at par: tho remaining 3000 fully paid-up to bo given to tlic present Proprietors for their interests, comprising rights to head-race, dam site, tailrace, and a special claim of £50 acres. Provisional Directors : JonN M'AYhiuter, County Chairman of AVestland. J. Holmes, Proprietor Okuku AVater-race. J. Giuso.v, Manager Ilumphrcj's Gully United Goldmining Company and Ross United Gold Mining Company. AA r . G. Johnston, Director Humphreys Gully United Gold Mining Company, and "Ross United Gold Alining Company. R. C. Reid, J.P., Hokitika. B. Lyons, Stafford ToAvn. AY. M'Kay, Hokitika. T. Kerr, County Engineer of AVestland. J. Beoavn, Auckland. E. T. AVhittex, Ballarat. AY. F. Wilkinson, Hokitika. T. Cooke, Hokitika. E. F. Rich, J.P., Hokitika. Jas. Craig, Oamaru. R. Bleazard, Auckland. Manager. : AA r . A. Si'Ence, Hokitika. npiTE present Company is being formed JL for the purpose of working the ground known as Kelly's Terrace, of Avhich a special claim of 50 acres has been obtained, which is situated in tho Avell-known auriferous diggings of the AVaimea district. In the early days of the AVest Coast many shafts were sunk upon this ground to depths varying from 00 to 130 feet, but in consequence of the great amount of underground Avater, and no drainage tunnel being constructed to carry it away, these shafts had to be abandoned. About 30 shafts in all were put down, some of Avhich could not bottom, Avhile others bottomed will, excellent results. Notwithstanding these dniAvbacks, the richness of flic ground \v:h sufficiently tested, and the Provisional Directors have taken care to collect reliable information as to the gold actually obtained. Many of the miners who Avorked the ground arc still in the district, and numbers of parties Avho were fortunate enough to sink in the drier portions of the terrace Avere enable! to work for a lime, and obtained highly payable returns, but tbo claims could not be further Avorked owing to the Avantof capital to bring in a permanent tail-race at sufficient depth lo drain the ground. From the above facts it Avill bo seen that the ground has been thoroughly proved, and merely requires draining to be profitably Avorked, and in order to do this, it is proposed to construct a drainage tunnel from the AVaimea Creek to the ground, Avhich -will thoroughly drain the terrace, as ascertained from levels taken by a Government Engineer. The Directors have secured a valuable Avater-right of 20 Government heads, lifted from Fox's Creek, which, in conjunction Avith an excellent site for a large reservoir, Avill give a supply more than ample for the Company's requirements. The surplus Avater can be disposed of to minors Avorking outside the Company's ground, at most profitable rates, Avhich in itself AviU bo of a highly rcniuneraliA'c nature. The race can be-easily and cheaply constructed, as from tho nature of tho country through which it Avill pass, no tunnelling or fiuiuing will be required, but merely open ditching in flat ground and on sidlings. The following is tbe estimate for constructing bead-race, drainage tunnel, &c. : Drainage Tunnel . £2000 Head-race and Dam 2500 Plant 1500 £0000 As the ground through AA'hich the drainage tunnel will run consists principally of blue reef (Avhich is dry), and as it is the intention to sink shafts along the line of race simultaneously, it is expected that this Avork Avill bo completed Avithin five months. The promoters have agreed to dispose of all their rights and interests in the Avater rights and mining lease, in consideration of their receiving 3000 fully paid up shares in tho projected Company, and guarantee to subscribe as contributing shareholders for at least an equal number. Attached hereto is a plan shewing position of the claim, tail-race, and surrounding gold avoikings. As a great many shares have already been taken up, applications for shares must be sent in to the Manager, AVharf street, Hokitika (from whom forms may be obtained), on or before MONDAY, tbe 3rd of September, after which date the Share List will be closed. A deposit of sixpence per share to be made on application and one shilling on allotment, future calls not to exceed sixpence per share per month. AY. G. MOTLEY Broker. THE MIKONUI AVATER RACE AND GOLDMINING COMPANY (Limitel). (To be registered under the Mining Companies Act, 1872.) Capital .. .. £30,000 In thirty thousand Shares of £1 each, 20,000 of AA'hich are iioav offered to the public. The present owners having agreed to band over various Valuable Properties for the sum of £2000 to be paid by the proposed Company in instalments spreading over a period of eighteen months, and 4000 fully l_iid up shares, the owners binding themselves to take a similar number of contributing shares in the new Company. A cash deposit of sixpence per share to be made on application, and Is per share on allotment, calls not to exceed sixpence per month. An influential Board of Provisional l)!re'.'tors has been appointed, including Mr E. Patten, J.P., of Napier. Manager, pro. tern., AVilliam Duncan, Hokitika. rgHI.IS Company is formed for the purpose B of purchasing the lease of 70 acres of Avhat is anticipated Avill turn out to be rich alluvial land, also of various Avater rights. From the Mount DOr Company's claim, Avhicli forms the eastern boundary, .1550 ounces of gold were taken from a bottom area of 1 h acres. This Company luia-c sluiced as far as they can in this direction, and have only been stopped by the boundary line of the proposed Company's ground, and a late Avashing at this boundary gave the handsome return of 210 ounces. In conclusion the Directors recommend the proposed Company to the notice of investors Avith every confidence, and believe that tho Avater race alone Avill return satisfactory dividends. Prospectuses and all further particulars may be obtained from the Hawke's Bay Broker, ROOrE BROOKING. August 10th, 1883. HT)AAVDEN'S MAIL COACH . JLV) leaves Hastings for Maraekakaho on Tuesdays and Fridays at 9 a.m., returning at 2 p.m. Parcels addressed to his caro fonvarded. pi II AMBLI NG 'S BR AX E \J . Leaves AVoodville every AVednesday at 7 a.m., and arrives at Makatoko a 1.16 p.m., returning on Thursday at 12 o'clock. All yoods addressed to the rmdei-signcd aa .11 be punctually attended to. Goods carried through to Palmerston. C. HAMBLING, j Proprietor.