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PROSPECTUS. Prospectus or THE EUREKA QUARTZ MINING COMPANY OF NENTHORN, LIMITED, Nenthorn, Central Otaoo. Registered under the provisions of “ The Companies’ Act, 1882.” CAPITAL L 15.000 In 80,000 Shares of 10s each, Of which 50,000 shares, paid up to their full nominal value, are reserved for the original Shareholders as payment in full for their several rights transferred to the Company, the remaining 10,000 being offered for Public Subscription on the following terms, viz.ls per share on application, Is on allotment, and the balance as required in calls not exceeding Is per share at intervals of not less than a month. Having regard to certain favorable arrangements which have been entered into with the I Company’s bankets, it is contemplated that not more than 9s per abate will be required to be called up. Pbovisional Boabd op Direotobs : James Hazlett, Esq., Merchant, Dunedin. Geo. W. Fogson, Esq., Cottesbrook Station, Middlemaroh. Henry Buckland, Esq , Fernhill Club, Dunedin. John Elliott, Esq., Gladbtook Station, Middlemarch. James Mitchell, Esq., Builder, Naseby. John H. Bennet, Esq., Mine Manager, Nenthorn. Alex. Bartleman, Esq., J.P., Dunedin. R. H. Browne, Fsq., Engineer Maniototo County Council, Naseby. John Cogan, Esq., M.C.C., Mine Manager, Nenthorn. Thomas Moodie, Esq., Perpetual Trustees Company, Dunedin. W. Percy Isaac, Esq., Hillside, Dunedin. J, C. Borman, Esq., Estate Agent, South Dunedin. Bankers: The National Bank of New Zealand, limited. Solicitors : Messrs Duncan and Macgregor, Princes street, Dunedin. SECRETARY: Walter Hislop, Esq , Perpetual Trustees Company, Dunedin. Brokers : Walter Hislop, Perpetual Trustees Company, Dunedin, Leslie A. Norman, Naseby and Nenthorn. The Eureka Quartz Mining Company of Nenthorn, Limited, is being formed with the object of working two licensed holdings of 30 acres each, situate at Nenthorn, Central Otago, which goldfield has been aptly described by mining experts of considerable experience as “The Thames of the Soath Island of New Zealand.” In addition to the licensed holdings referred to, both of which have been transferred in the corporate name of the Company, there is a grant of a Water Race and Right for five heads of Water, as well as for a Reservoir covering five acres of ground. It is the intention of the Board of Directors, on commencing operations, to do the following things—viz. (I) To erect a 10-stamp battery and 15-borse power engine and boiler in the immediate vicinity of the reefs, as well as suitable appliances for treating the auriferous ore; and (2) to provide for the energetic development of the claims on a thoroughly systematic scale by sinking a main shaft in a central position, with the necessary hoisting and pumping gear. Making their calculations on a liberal basis, the directors estimate that an exoenditure of not more than L 2.500 will be involved in the erection of machinery and the execution of all necessary works for placing the mine in a position to pay dividends. The claims held by the Company have been extensively prospected, and so far two goldbearing lodrs have been discovered, both of which can be traced for fully one mile and ahalf, traversing the following claims:—Premier, Eureka, Glencairne, Crystal Cave, and Gladstone. Within the last few days an additional 60 acres have been applied for by a company bearing the appellation of “The Eureka Extended Company,” the proprietors of which have discovered the continuation of the reefs, which at that point are over 2ft in width, and carrying good payable gold. In view of the information available to the i public in regard to the valuable discoveries 'already made at Nenthorn, the Directors consider it unnecessary to make any statements in reference to the general character of the field, except to remark that it has been practically proved, beyond the question of a doubt, that the lodes are true in character, Assuring the foliated schist almost at right angles with the strata, the rock being splendidly adapted to mining operations, and the pay-ore fairly easy of production. The particular lodes in the Company’s claims have, as already stated, been extensively prospected, payable gold having been found wherever excavations have been made. Their general width is quite 2ift. and in one place a shaft has been sunk to a depth of 20ft, from which point a trial crushing of a ton of stone was taken and reduced at the battery of Kincaid and M‘Queen, Dunedin, the yield being at the rata of TEN OUNCES OF RETORTED GOLD PER TON OF ORE 1 The cake of gold obtained from the crashing is now on exhibition at the establishment of Messrs G. and T. Young, jewellers, PTinces street, Dunedin. The Directors would draw attention to the fact that so far the richest discovery made on the goldfield is comprehended in the properties now offered to the public; and, taking all the circumstances of the case into consideration, they have no hesitation in recommending them as a perfectly legitimate outlet for the investment of capital. The only contract entered into is one between the Company of the one part and Walter Hislop of the other part, in regard to the floating of the Company, the original of which may be inspected at the offices of the solicitors of the Company. The Memorandum and Articles of Association may also be inspected at the same place. Applications, accompanied by a deposit of Is per share, to be forwarded immediately to either the Brokers or the Secretary of the Company. In cases where no allotment is made the deposit will be returned in full, and where a less number of shares is allotted than shall have been applied for the balance of the deposit will be applied toward the further payment accruing on the shares which may have beenallotted. Prospectuses, with forms of application, may be obtained from the Company’s Bankers, Brokers, and Solicitors, and the Secretary. The Share List will close as soon as the requisite number of applications shall have been I received.

As a large number of shares have been already subscribed for, immediate application is necessary, as In case of a surplus those moat promptly lodged will receive preferential allotment in the order of application. No application for less than Fifty Shares will be received by the Brokers or the Secretary of the Company. Any further particulars may be obtained from the Brokers or Secretary of the Company, from whom also copies of the prospectus may be obtained. INSURANCE COMPANIES. STANDARD INSURANCE COMPANY. Head Office: High street, Dunedin. FIRE, MARINE, AND FIDELITY GUARANTEE RISKS Taken at LOWEST CURRENT RATES. THOMAS R. FISHER, General Manager. PROVIDENT AND INDUSTRIAL INSURANCE COMPANY. For Life Assurance under the Industrial and Medical System. Directors; A. Bathgate, Esq. (Chairman); 0. F. Greenslade, Esq,; J. Horsburgb, Esq.; Dr W. S. W. Roberts. Christchurch Branch; H. Thomson, Esq., J.P.; 8. Manning, Esq. Chief Medical Referee, Dr Roberts, Chief Office-High street, Dunedin (N.Z. Insurance Company*s Old Buildings). This Company having made the deposit of L 5,000 with the Public Trustee, as required by law, has commenced Business, and invites applications for agencies. CANVASSERS WANTED. Apply to W. M. KIRKCALDY, Superintendent. CITY STEAM LAUNDRY.—ParceIs collected and delivered on the same day, if required. Linen got up by ouriroproved method is unsurpassed for brilliancy and color. G entlemen’s Suits become equal to new at a trifling cost. All Bed Linen guaranteed thoroughly aired. Shirts and Collars redressed for the trade. Telephone No. 304. Proprietor; W BAYNTUN. PEACOCK’S . Jams are the beet to be go* anywhere. For Sale at al grocers. Warranted Puri, BEFORE buying elsewhere, try Grindley’s, Albany sheet, and yon can be guaranteed good, cheap, and excellent Sausages. LAUNDRY Work well and cheaply done, .and punctually returned in all weathers. Lace Curtains a specialty. Mrs. Clark’s Laundry. North-east Valley. Established 1876. ASTHMA Cigarettes.—Dr Kennedy Doug las. Complete Cure.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890713.2.28.6

Bibliographic details

Page 4 Advertisements Column 6, Issue 7958, 13 July 1889

Word Count
1,286

Page 4 Advertisements Column 6 Issue 7958, 13 July 1889

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