Page 4 Advertisements Column 2

Evening Post, Volume XXXVII, Issue 110, 10 May 1889, Page 4

r r o s p e ctus OK TUB ONSLOW COLD MININO AND f'ATKNT MACHINK MANUFAOTIJI<IN<J COMPaNY, LiMi'itn. To bo Incorporated and IteeiHlored undor " The Companies Act, 1882," and, if iicoc'S«ary or expedient, under '' The Mining Companies Act, 1886." Capital, JE25,000, iv 25,000 shares of £1 each. Provisional Directors : T.iiiTV, A., Settlor, KoxlHirtfh-Btreet H'»*]i>y, A. A., Tobacconist, Ciiba-«treet Covonoy, 'Jl.J 1 . P.. Storekeeper, Ingeßtre-Rtreet CrooH, J., Buildor, Arthur-ntrpet DaviHon, J. H , Sfiwrniller. Victoria-Htreet Kvenden, K. X., Builder, Johnaonvillo Harrison, H., Dairyman, Cuha-ftreet Haielden, H. C, Stationer, Cuba-streot Mitchell, F., Architect, Abel Smith-street Onghton, L., Builder, Webb-street Pike, W., Commercial Traveller, Wellington Salmon, J. A. N.,A«countttnt,Brandon-Htreet Treanoro, J. D , Accountant, Wellington Tyor, H., Kngineor, NBahaurantra "VVatßon, W. C, Uuildor, Adelaide-road Westbrook, W., Painter, Westport Williamn, A., Blacksmith, Courtpnay -placo Winton, .1. li., Storekeeper, Cuba-street Bankero : Tiank of Australasia (Wellington; and Branches. Solicitors : MoFßrs. Chapman & FitzGerald. Patont Afjont and Contmlting Engineer : Honry Husfhea, M.I.M.E. Secretary : John Denny Treanoro (Ono of the Directors, who will act as Seoretary yro teni.) Office of the Company : No. 1, Lambton-quay (opposite Bank of New Zealand). Brokers : D. T. Stuart, A. Warburton & Co., and Haroourt & Co., Wellington. Calls: I2s Cd per Share on application ; 2s 6d Der Share on allotment ; 2rt 6d per Share first mouth ; 1b per Share por month afterwardti. The Compant is beinci formed ton ins i'OLLOWINO I'OIII'OHEB :— First : The purchase from tho Promoters of patont rights for New 'Zealand only in an invention known as " Evenden's Gold Glkanek." Second : Tho manufacture and sole of "Evenden's Gold Gleaners." Third : The completion of purchase of the several Gold Mining Claimß as por following list, tho benefit of which is to be assigned to tho Company. Fourth ■ The working of tho above-men-tioned gold mining claims to tho best advantage. The promotors have mado arrangemonts with R. K. Evendon that, if the Company bo Formed, the benefit of all the undermentioned contracts, offors and applications shall bo transferred to tho Company, if requirod, namely: — 1. A contraot with ono William Riding to soil: («) Sections 4 and 5, Block V.. Kawatiri, freehold containing 50a (h) Section 3, Block V., Ngakawau, agricultural leasehold, containing 25a lr 4p (c) Seotion 30, Block 11., Kawatiri, containing 80a Or 24p The vendor has agreed to sell, if required, wituin four months from tho 27th Feoruary last, for the Bum of .£2OOO. 2. A contract with tho said William Riding, Thomas Mulligan, William Tavendalo, Robert Francis Mullen, and Elizabeth Harriett MoFurlano to sell a special claim of 39 acres, and 10 hoads of wat r, for .6500, if required, within four months from tho 26th February laat. 3. A contraot with William Dames to sell, if required, a special olaim of 40 acres, with water rights for .£I6OO, i'IOOO cash and J]6oo shares. Tho vendors agree to sell within four months from 26th Fobruary. 4. An offer by tho shareholders of tho Big Dunedin and ltob Roy Companies to sell to R. X Evendon the interests of the two companieß, thoir auriferous land, under special olaim, consisting of about 80 acrea, for tho sum of jEGOO. The vendors agree to soil within fonr months from tho Ist March. 5. A contract with F. Hay, John Gilmer and anothor to soil, if required, Section 2, Blook 11., Ohika District, containing 21a Or 34p, within four months from tho 28th February, 1889, for tho Bum of .£250. 6. Sixty aoros on Waite's, Pahiki, auriforouß sand, applied for as a special claim: by R. E. Evondon. This claim is surveyed and tenders oalled for construction of dams. 7. Fifty aores at Waimongaroa, auriferous Band, applied for as a special claim by R. E. Evenden. Remarks on thk auripeisous Ground Under Offer. No. G. — This is bolieved to havo every advantage desirable for the economical working of tho auriferous sand by "Evenden's Gold Gleaner." Thore isa lead of auriferous Band, aoout half-a-mile long, and about two ohains wido, running through tho olaim. At nine feet deep this measurement would give a total of 116,160 yards. An assay of this by Mr. Skey, the Government Analyst, gave a result of ldwt. 19gra., or a supposed groas value of .840,150. A a the estimate for working thia olaim is a total oost of 6d per cubic yard, it would show a poaaible return of J237,277 for plant and profit to Company. Nob. 3 and 5 Claim. — The claims of 40 anres to be purch»Bod from Mr. Dames, and tho adjoining one, No. 5, of about 20 acivs, to be purchased from Mr, Gilmer, Mr. Hay and another, are at tv good olovation, and cotnposod of a bank of soft, friable, cementlike sand, and the length, roughly measurod, is about 60 chains, seven chains in width, and fifteen feet thick. This can bo worked from the surface, and brought down by tho pick, and does not, liko a reef, require costly drives, tunnels, and shafts, and it is estimated that the entiro cost of preparing the stuff for the Gleaner will not exceed. 2a per cubic yard. An assay from these claims, by Mr. Skey, shows a result of fidwt. 3grs., and, supposing this avorage to be maintained, the gros* possiblo yield is thus estimated at a vory large s'lin. Our representative at Westport, in hia supplementary report, states as follows : — " I am Bure thero is much better content than wo oould get, to send you, but if it averages 6dwt. 3grs. to tho ton, tbe two claims mean nearly a million and a half of money for ua. I would rather have one share in this olaim than half a dozen in any othor I know of in tho district." No. 4.— Mr. R. A. Young, C.E., writes as follows :— Westport, 11th March, 1889. " Mr. R. ,E. Evenden. " Dear Sir,— l am in receipt of your telegram of 6th inatant, requesting me to post sketoh and full details of prospects of olaim. Enclosed please reoeive tracing showing claims. 1 ' Thoreault of proapecting done previously were too unoertain to bo of any value, although suffioient to convince shareholders that the ground was rich. The borings taken had beon partially panned off and mixed, and it waß not known oxaotly what weight of material the results wore obtained from. Tho result was 12d\vt 14grs to the ton of material submitted to test. On receipt of your telegram we sent a man out with boring apparatus to get a few pounds of material from fresh boring. The bore was put down abont position A, shown on sketoh plan. The boring showed first 4ft of surface material, then from 4ft to lift of black sand, and then a stratum of grey sand and shingle, carrying a little gold, down to 20ft, total depth tried. The sainplo taken was from about middle of the 7ft of black sand. Two pounds were weighed out and panned off, and tested by the dry process by Mr. Ross, in the Sohool of Minos. The result obtained for the two pounds was '0588grs, or 3dwt 4grs to the ton. Of course, the finest of the gold was lost through the panning off. There is great probability of gold at deopor level of this ground along foot of terrace. ■' I am, dear sir, " Yours truly, " (Signed) B. A. Yotjnq, C.E." Nos. 1, 2, and 7. — Mr. Young's remarks also apply to these sections to n certain extent. The vast auriferous deposits of black sand have nevor yet boen t touched by the hand of man for want of suitablo appliances, and the extent, quality and depth at whioh these loads oan be found is to-day an unknown item in tho wealth of Now Zealand. They aro, it is bolieved, practically inoxhauatable, aa at Rosa black sand, carrying gold, is fonnd at a depth of about 200 ft. This one significant fact is to bo borno in [ mind, that beach combers havo for years, and with tho most primitive applianoes, worked on tho sea frontage in this district, and in somo coses have accumulated fortunes. The above land is all supposed to be auriferous, and suitable for working by " Evenden's Gold Gleaner.". From the preceding statement of assets, I intending investors will be able to see that • there isa reasonable proapeot of good profits if a proportion of tho gold is saved, while if the new machine answers tho expectations formed from its experimental working, all the gold will be saved at a very low cost, in whioh case the profits will be very largo indeed. It is believed the right to manufacture and sell the machine, called " Evenden's Gold Gleaner," will be a source of largo profits to the Company. Tho valuo of this invention can bo gathered I from the opinions given herewith. Tho following are tho terms upon which tho Company aoenres these rights :—: — Tho invontor and promoters are to receivo the sum of .£6200 in cash, payable by instalments extending ovor a period of six months, thua :— First payment, on or before 18th day of June, 1889, .£3050 ; second payment, Ist July, .£1050; third payment, Ist September, .£1050; fourth payment, Ist November, £1050; and £2700 fully paidup shares in tho company, for the purchase of all rights in New Zealand over the patented machine, and all improvements thereof to be mado by the inventor within 14 years from the 26th day of April, 1889, and tho balance, £16,100, aftor paying tho preliminary expenses and purohaso money of the auriferons land undor offer, will bo available for the development of the company's business. Tho agreements above specified between R. K. Evendon and the owners of the land, Ac, are to be completed at the company's expense, should the company elect to take the bonefit thereof. With respect to tho " Gold Gleaner," j itself, its partioular merit is that it saves practically all 'the very fine gold which is lost by other processes. It is believed by experts that the amount so lost constitutes a very largo percentage of the total gold in the auriferous earth operated on. Tests have been made and have been eminently successful. The result of the tests is stated in the Bheet acoompanying the prospectus, also tho opinions of competent persons as to the working of the machine. Tbe Company will pay all the preliminary expenses incidental to the floating thereof, inoluding brokerage, commission, advertising, printing, and all other costs in connection therewith. Prospectuses and forms of application oaa