Page 3 Advertisements Column 5

Evening Star, Issue 7331, 1 October 1887, Page 3

PROSPECTUS. i R 0 S PECTUS OP GREEN'S REEF AND SEAM WORKINGS COMPANY (LIMITED), OPHIR, CENTRAL OTAGO, NEW ZEALAND, (Fo be' Incorporated and Registered under the provisions of " The Mining Companies Act, 1856." CAPITAL £7,500 in 25,000 Shares of 6s each, of which 5,000 shares, paid up to 5s each, are reserved as part payment for the purchase of the property, the remaining 20,000 being offered for Public Subscription on the following terms: —ls per share on application ;Is per share on allotment; and the balance (as required) in calls of, and not exceeding ljd per share, at intervals of not less than a month. It is confidently anticipated that the operations of the Company will cot necessitate the calling up of more than 3s per share, inclusive of the amount paid on application and allotment. PROVISIONAL DIRECTORS: VINCENT PYKE, Esq., M.H.R., Dunedin GEORGE SUMPTER, Esq., Merchant Oamaru WILLIAM GREEN, Esq., Mining Geologist, Ophir (Managing Director pro tern.) JOHN PITCHES, Esq., Merchant, Ophir DR BUTLER, Opfcir MATTHEW THOMAS, Esq., Mine Manager Great Eastern G.M. CompaDy, Limited. Rough Ridge N. P. HJORRING, Esq., Mayor of Naseby G. W. MASON, Esq , Managing Partner of Mason and Co.'s Hydraulic Mining Works, Naseby. Bankebs: THE BANK OF NEW SOUTH WALES, Ophir and Naseby. Solicitous : MESSRS STOUT AND MONDY, Princes street, Dunedin. Buokkks : MESSRS ROBERT STRONG AND CO., Naseby, Otago JOHNA. CHAPMAN, Esq., Princes street, Dunedin, It is proposed to form a Company under the above title, with the object of acquiring and worlcing on the most approved scientific principles the remarkable Gold Discovery at Ophir, Central Otago, New Zealand, variously known as GREEN'S REEF and GREEN'S SEAM WORKINGS. The Property consists of a Licensed Holding of 20 Acres, which takes in a number of Gold-bearing Veins, with their adjacent auriferous rocks, besides the present Workings of the Proprietor, and includes the whole of the known and proved payable ground of these formations ; also the following Mining Privileges:—Two Water-races (four Reserviors connected therewith), and all Plant and Tools on the Claim. The Claim, with the whole of the privileges enumerated, wi 1 be purchased by the Company for the sum of L 2,750, to be paid as under—Ll,7so in cash, and the balance of L 1,00') in 5,000 shares (reserved as stated above) paid up to 5s each. These scrip will receive dividends in the same proportion and at the same rate as contributing shares. The 20,000 shares offered to the publio for Is on application and Is on allotment will realise L 2,000, of which sum the proprietor will receive L 1.750, and the balance of L 250 remain to the credit of the Company with which to commence active work immediately after its formation. The proprietor will pay all the preliminary espenses of floating, brokerage, commission, printing, advertising, and all cose incidental to floating and incurred up to the time of allotment. The Company will thus commence operations clear of all debt and with a credit balance in hand of L 250. The claim is convenient of access, so that the expense incurred in getting the claim into effective working order and erecting the necessary machinery will not exceed Ll5O. Splendid prospects have always been, and are daily, obtained from the claim; and the promoters have no hesitation in saying that not only is it one of the best mining properties in the Island, but that it is very cheap at the price at which it is offered (L 2,700). This statement is fully verified and confirmed by an able report which was made on the discovery at the instance of the Government by Professor Ulrich, F.G.S., mineralogist at the Otago University. A copy of that report, as well as a plan of the claim showing three geological sections at different localities, and a beautifully lithographed plan of the claim, is appended to the Prospectus. It is proposed to work portions of the formation by the ordinary method of sluicing, and to reduce the other portions by a puddling machine and a Chilian mill, in order that the maximum amount of gold may be obtained. The Lauder race, which is a valuable sight, is registered to carry five Hogburn heads of water; and the holding capacity of the reservoirs can, should it ever be found necessary (and it is not probable it will), be appreciably increased by a very small expenditure in railing portions of the embankments. It is, of course, very difficult to accurately estimato the quantity of stuff that can be got away daily or weekly; but when the claim shall be in full * o.king order (which cannot possibly be more than four months after the registration of the Company), it is calculated on the very lowest estimate that from SOO to 1,000 tons of auriferous debris will be turned over weekly and disposed of, thus enabling the Company to pay all cuirent working expenses (which will not amount to more than L2O per week) and lay aside the balance for the declaration of dividends after the ordinary cleanings-up. It will thus be seen that the prospects of the Company are of the most brilliant description. Success is practically assured, and it is only a question of a little time for shareholders to receive remunerative dividends on their invested capital at regular intervals. Intending speculators will remember that the existence of gold in the claim has been fully and satisfactorily established. It has not to be sought for; and it only remains for the Company to inaugurate such a simple and expeditious method of working and reduction as sha'l enable them to produce large quantities of gold and to declare regular dividends. The present is an opportunity that affords to investors at once the prospect of immediate returns, remunerative dividends, and the certainty of incre 'sed value of shares aB the undertaking becomes developed. Applications for shares must be accompanied by a deposit of Is per share. When no allotment iB made the deposit will be returned in full. Remittances may be forwarded by bankdraft, P. 0.0., or cheque. When the latter method is adopted the remitter will kindly add exchange. Prospectuses, with Plans, etc, may be obtained from the Brokers; and from the Bank of New South Wales, at Naseby, Ophir, Dunedin, Invercargill, Timaru, Oamaru, Ashburton, Christchurch, Wellington, Napier, and at many other branches. In the Prospectus (eight pages) the following subjects are dealt with at length :-(l) "The History of the Discovery,' (2) "Geological Features of Discovery," and (3) "Seam Workings in North America." The Share List will close on November 1, so that the Brokers (to whom applications for Shares must be addressed) invite early application.

SHIPPING. 'NION STEAM SHIF \J COMPANY * OF NEW ZEALAND (LIMITED^ —■— TIME-TABLE FOR OAMARU.—BEAUTIFUL STAR, b.s., on Tuesdays and Fridays. Passengers on Tuesday from Dunedin Wharf at 10 p.m. Cargo till 3 p.m. FOR LYJFTELTON AND WELLINGTON - PENGUIN, 8.5., on Tuesday, 4th October. Passengers from Dunedin Wharf at 3 p.m. Cargo till 1 p.m. FOR PIOTON NELSON. TARaNAKI AND MANUKAU. PENGUIN, s.s., on Tuesdays 4th Ootober. Passengers from Dunedin Wharf at 3 p.m. Cargo till lp.m. FOR AUCKLAND VIA LYTTELTON, WELLINGTON. NAPIER, ANL GISBORNF. —WAIHORA, 8.8., on Wednesday, sth Ootober. Paß»engers by by 2.30 p.m. train. Cargo at Wharf till 4 p.m. Tuosday. FOR MELBOURNE VIA BLUFF.WAIRARAPA, s.s., on Thursday, 6th October. Passengers by 2.30 p.m. train. FOR BY DNEY VIA OAMARU, LYTTELTON, AND WELLINGTON. H4.UROTO, B.s, about sth October. FOR SYDNEY VIA LYTTELTON, WELLINGTON, NAPIER, GISBORNE, AND AUCKLAND. - MANAPOURI, s.s., on Wednesday, 12th October. Passengers fey 2.30 p.m. train. FOR 1131 FROM AUCKLAND.-WAINUI, 8,a., about Menday, 17th October. FOR TONGA, SAMOA, AND TAHITI.- ; RICHMOND, g.s., leaves AUCKLAND about 6th October. Freight and Passengers booked through, Full particulars ob application. Special Cabgo avt> Passknokb Skbvue. Rednoed Fares and Cargo Rates. FOR WESTPORTVIATIMARU, AKAROA, LYTTELTON. WELLINGTON. AMD NELSON.--MAHINAPUA, s.s., on Friday, 7th ; Ootober. Passengers from Dunedin Wharf at 4 p.m. FOR GREYMOUTH (taking oargoior Hokltlk» VIA OAMARU, TIMARU, LYTTELT.' )N. WELLINGTON AND NELSON. - KORANUI, 5.8., on Wednesday, sth Ootober. Passengers , from Dunedin Wharf at 10 p.m. Cargo till 3 p.m. :■■ FOR AUCKLAND (taking cargo at specially •reduced rates} VIA OAMARU, TIMARU, LYTTELTON, NAPIER, GISBORNE., AND TAURANGA.OMAPERE, s.s., on Tuesday, 4th October, Passengers from Dunedin Wharf at 10 p.m. Cargo till 3 p.m. Ornora: Corner of VogeL Water, and Cumberland streets ASTE Paper For Sale Apply to Stab Office, Bond street.