Page 4 Advertisements Column 2

Evening Post, Volume XXXVII, Issue 113, 14 May 1889, Page 4

PROSPECTUS ONFLOW OOLIJ MIXING AND pvihNT ,'m in:..: ma.vufac'iiJKJNG CU.MI'A^V, LJMHI.D. To be Incorporated nnrt Recistprod under "The f'(jmj.anif- A'-t, 1*82," and, if necessary or expedient, under "The Mining Companies Act, 18&0." Capital, JJ25.G00, in 25,000 shares of JCI each. Provisional Directors : Hurry, A , Si-ttler, Roxburgh-street B'iwley, A. A., Tobacconist, Cuba, stroet Covenev, T. P , fctorcki'Ppe-, Tnsjcptre-btreet ('to-r, J , Builder, Ar'hur-street Davison, J. H , Sawmiller. Victoria-street Kvenden, Jf. E., Builder, Johnponville Harrison, If., Dairyman, Cuba-street Ha»o!den, H. C, Stationer, Cuba-street Miti-hull, F., Architect, Abel Smith-htreet Oughton, L , Builder, Webb-fitreet Pike, W., Commercial Traveller, Wellington Salmon, J. A. N., Accountant, Brandon-street Treanore, J. D , Accountant, Wellington Tyer, H., Engineer, Ngahauranpra Watson, W. C, Builder, Adelaid«-road Westbrook, W., Painter, Westport Williams, A., Blacksmith, Courtenay -place Winton, J. 8., Storekeeper, Cuba-street Bankers : Bank of Australasia (Wellington; and Branches. Solicitors : MessrH. Chapman & FitzOerald. Patent Agent and Consulting Engineer : Henry Hughes, M.I.M.E. Secretary : John Denny Treanore (Ono of tho Directors, who will act as Secretary pro ten.) Office of tho Company : No. 1, Lambton-quay (opposite Bank of New Zealand). Brokers : D. T. Stuart, A. Warhurton & Co, and Harcourt & Co., Wellington. Calls : 2a Cd per Sharo on application ; 2b Cd per Share on allotment ; 2s Od per Share first month ; la per Share per mouth afterwards. Thk Comi'Ant is being form?d for a he FOLLOWING VUKVOSKS First : The purchase from tho Promoters of patent rights for New Zealand only in an invention known as "Evendkn's Gold Gleaner." •Second : The manufacture and sale of "Evenden'h Gold Gleaners." Third : The completion of purchase of the several Gold Mining Cluitna as per following libt, the benefit of which is to be assigned to the Company. Fourth : The working of the above-men-tioned gold mining claims to the best advantage. Tho promoters have made arrangements with R. K. Evenden that, if the Compauy be formed, the benefit of all the undermentioned contracts, otters and applications ahall he transferred to tho Company, if required, namely : — 1. A contract with ono William Riding to sell: («) Sections 4 and 5, Block V.. Kawatiri, freehold containing 50a (h) Section I), Block V., Ngakawau, agricultural leasehold, containing 25a lr 4p (c) Section 3lj, Block 11., KawaUri, containing 80a Or 24p The vendor has agreed to sell, if required, within four months from tho 27ch Fooruary last, for the sum of X2OOO. 2. A contract with thf said William Riding, Thomas Mulligan, William Tavei dale, Robert Francis Million, and Elizabeth Harriett McFarla.no to sell a special claim of 39 acres, and 10 heads of wat r, for .£SOO, if required, within four months from the 26th February last. 3. A contract with William Dames to sell, if required, a special claim of 40 acres, with water rights for .61600, -£1000 cash and iJGOO sharea. The vendors agree to Bell within four months from 2tJth February. 4. An offor by the shareholders of tho Big Duneriin and liob Roy Companies to sell to R. JO. Evendon the interests of the two companies, their auriferous land, under special claim, consisting of about 80 acres, for tho sum of JEGOO. Tho vendors agree to sell within four months from the Ist March. 5. A contract with F. Hay, John Gilmer and another to sell, it required, Section 2, Block 11., Ohika District, containing 21a Or 34p, within four months from the 28th February, 1889, for the sum of .£250. 0. Sixty acres on Waite'H, Pahiki, auriferous Band, applied for as a special claim by R. E. Kvenden. This churn is surveyed and tenders called for construction of dams. 7. Fifty acros at Waimongaroa, auriferous sand, applied for as a special claim by R. E. Evenden. Remarks on the auriferous Ground Under Offer. No. 6.— This is believed to have every advantage desirable for tho economical working of the auriferous sand by "Evenden's Gold Gleaner." There is a lead of auriferous sand, atiout half-a-mile long, and about two chains wide, running through the claim. At nine feet deop this measurement would (jive a total of 116,160 yards. An assay oi this by Mr. Skey, the Government Analyst, gave a result of ldwt. 19grs., or a supposed gros3 value of .£40,156. As the ostimate for working this claim is a total coßt of (id per cubic yard, it would show a possible return of .£37,277 for plant and profit to Company. Nos. 3 and 5 Claim. — The claims of 40 anroß to be purohasod from Mr. Dames, and tho adjoining one, No. 5, of about 20 acrt-s, to be purchased from Mr. Gilmer, Mr. Hay and another, are at a good elovation, and composed of a bank of soft, friable, cemontlike sand, and the length, roughly measured, is about 60 chains, seven chains in width, and fifteen feet thick. This can be worked from the surfaco, and brought down hy the pick, and does not, like a reof, require costly drives, tunnels, and shafts, and it is Gsrim&ted that tho entire cost ot' preparim* the stuff for the Gleaner will not exceed 2s per cubic yard. An assay from these claims, by Mr. Skey, shows a result of Gdwt. 3gra , and, supposing this average to he maintained, tho gros* possible yield is thus estimated at n very lai ge sum. Our representative at Westport, in his supplementary report, statos as follows : — "I am sure thero is much better cement than we could get, to send you, but if it averages Gdwt. 3gra. t<> tho ton, the two olaims mean nearly a million and a half of money for us. I would rather have ono share in this claim than half a dozen in any other I know of in the district." No. 4.— Mr. R. A. Young, C.E., writes aa follows : — Westport, 11th March, 1889. " Mr. R. ft. Evenden. " Dear Sir, — I am in receipt of your telegram of 6th instant, requesting me to post sketch and full details of prospects of claim. Enclosed please reoeive tracing showing claims. " The reßult of prospecting done previously were too uncertain to be of any value, although sufficient to convinco shareholders that the ground was rich. The borings taken had been partially panned oft and mixed, and it was not known exactly what weight of material the results were obtained from. The resnlt was 12dwt 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 bote was put down about position A, shown on sketch 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 dopth tried. The sample 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 School of Mines. The result obtained for the two pounds was # 0588grs, or 3dwt 4gra to tho ton. Of course, the finest of the gold was lost through the panning off. There is groat probability of gold at deeper level of thia ground along foot of terrace. ■' I am, dear sir, " Yours truly, " (Signed) R. A. Young, C.E." Nos. 1, 2, and 7. — Mr. Young's remarks also apply to these sections to a certain extent. The vast auriferous deposits of black sand have never yet been tonohed by the hand of man for want of suitable appliances, and tho extent, quality and depth at which these leads can bo found is to-day an unknown item in the wealth of Now Zealand. They are, it is believed, practically inoxhaustable, as at Koss black sand, carrying gold, is found at a depth of about 200 ft. Th;s one significant fact is to ho borne in mind, that beach combers have for years, and with tho most primitive appliances, worked on the sea frontage in this district, and in some cases Ime accumulated fortunes. The above land is all supposed to be auriferous, and suitablo for working by "Evenden's Gold Gleaner.". From the preceding statement of assets, intending investors will be able to see that there is a reasonable prospect of good profits if a proportion of the gold ia 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 which case the profits will be very large indeed. It is believed the right to manufacture and soil the machine, called "Evenden's Gold Gleaner," will be a source of large profits to the Company. The value of this invention can bo gathered from the opinions given heiewith. The following are the terms upon which the Company secures these rights : — The inventor aud promotor3 aro to receiyo the sum of .CG2OO in cash, payable by instalments extending over a period of six months, thus : — First payment, on or before ISth day of June, 1889, .63050 ; second payment, Ist July, .61050; third payment, Ist September, -G1050 ; fonrth payment, Ist Novembor, -61050; and £2700 fully paidup ahaies in the oompaDy, for the purchase of all rights in New Zealand over tho patented machine, and all improvements thereof to be mado by the inventor within 14 years from the 2b'th day of April, 1889, and the balance, after paying the prpliminary expenses and pnrohase money of the auriferous land pnder offer, will be available for the devolopmppt of the company's bneiness. Tho agreements above specified between R. E. Evenden and the owners of the land, &0., are to be complotc-d at the company's expense, should tho oompany elect to take the benefit thereof. With respect to the " Gold Gleaner," itself, its particular merit is that it saves practically all the very fine gold which is lost by other procetses. It is believed by pxperts that tho amount so lost constitutes a yo»y Jarge percentage of tho to'al gold in the anrjferous earth operated on. Tests have beep"jp*da and have been eminently successful- The result pf the tests ia stuped in the 3hept accompanying the prospectus, also the opinions pf pompotept persons as to the working of the maohino. The Company will pay all the preliminary expenses incidental to the floating thereof, including brokerage, commission, advertising, printing, and all other costs in conception therewith. Prospectuses and forms of application can