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PSOSPEOTUS. PROSPECTUS OF MIS EUREKA QUARTZ MINING COMPANY OF NENTHORN, LIMITED, Nknthobn, Central Otago. Registered under tho provisions of *' The Companies' Act, 1882." CAPITAL L 15.000 In SO.OOO Shares of 10a each, Of whioh 20,000 shares, paid up to their full nominal value, are reserved for tho 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, Ik 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 tho Company's bankeis, it is contemplated that not more than 5s per shaie will be required to be called up. PROVISIONAL BOARD OF DIRECTORS : James Haalett, Esq., Merchant, Danodin. Geo. W. Pogson, Esq., Cottesbrook Station, Middlemarch. Henry Buclrland, Esq , Fernhill Club, Tunedin. John Elliott, Esq , Oladbrook Station, Middlemarch. James Mitchell, Eeq , Bui'der, Naseby. John H Bennet, Esq., Mine Manager, Nonthorn. Alex. Bartleman, Etq , J.P., Dunedin. K. H. Browne, Esq., Engineer Maniototo County Council, Naseby. John Cogan, Esq, M.0.C., Mine Manager, Nenthorn. Thomas Moodie, Etq., Perpetual Trustees Company, Dunedin. TV. Percy Isaac, Esq., Hillside, Dunedin. J. C. Rurman, Esq., Estate Agent, South Duncdiu. Bankers: Tho National Bank of New Zealand, Limited. Folicitoks : Messrs Duncan and Macgregor, Princes street, Dunedin. SECRETARY: Walter Hislop, Fsq , Perpetual Trustees Company, Dunedin. Brokbrs: Walter Hislop, Perpetual Trustees Company, Dunedin. Leslio A. Norman, Naseby and Ken thorn. The Eureka Quartz Miuing 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 * l lbe Thames of the South lßlar.il of New Ze&.~ land." 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 Wator Race and Right for flvo hrads of Water, as well as for a Keservoir 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 batten and 15-horso 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 tho energetic development of the claim* 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 basi°, the directors estimate that an expenditure 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 lodi b 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 whioh nave discovered the continuation of the reef*, which at that point are over 2ft in width, and carrying good payable gold. In view of the information availab'e to the pnblio in regard to the valuable discoveries already made at Nenthorn, the Directors consider it unnecessary to make any statements in rfference 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 aro true in character, figuring the foliated schist almost at right angles with the strata, tho 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 2Aft, 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 rate of TEN OUNCES OF RETORTED GOLD PER TIN OF ORE! The cake of gold obtained from the crushing is now on exhibition at the establishment of Messrs G. and T. Young, jewellers, Princes street, Dunedin. The Directors would draw attention to the fact that so far the richest discovery made on the goldfi 14 is comprehended in the properties now offered to the public ; and, taking all tho circumstances of the caGO into consideration, they have no hesitation in recommending thorn as a perfectly legitimate outlet for the investment of capital. The oily contract entered into is one between the Company of the one part and Walter nislop of tbe other part, in regard to the floating of tho Company, the original of whfch may be inspected at the offices of the solicitors of the Oompany. The Memorandum and Artioles 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 mado the deposit will be returned in full, and where a lobb 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 been allotted. Prospectuses, with forms of application, may be obtained from the Company's Bankers, Brokers, and Solicitors, and the Secretary. Tho Share List will close as soon as the requisite number of applications shall have been received. , As a large numberof shares have been already subscribed for, immediate application is necessary, as in case of a surplus those most promptly lodged will reoeive preferential allotment in tho order of application. No application for less than Fifty Shares will be received by the Brokera or the Secretary of the Company. . Any further particulars may be obtained f rem the Brokerß or Secretary of the d mpany, from whom also copies of the proapeotua may bo obtained.

PUBLIC NOTICES. COFFEE PALACE. J-l> Customers and the Public generally for the liberal support accorded them Bince taking over the above Premises, beg to notify that in future the Business will be carried on by MRS ROSS trading as " Boss 8r05.." TO BUILDERS AND OTHERS. ARNINGHAM AND CO., Manufacturers _ i of the Patent Prise Range ZEALANDIA. Requires no setting, and will burn any ooal. Iron Fretwork for Verandahs in great variety, VICTORIA FOUNDRY, George street (opposite Knox Ghuroh), HE •• ORION " COOKING RANGES, for _L burning wood or coal 5 fitted with high or low pressure boilers. Requires no setting. Iron Fretwork and General Castings, Repairs effected. H. E, SHAOKLOOK, South End Foundry, Crawford street Dunedin.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890716.2.4.3

Bibliographic details

Page 1 Advertisements Column 3, Issue 7960, 16 July 1889

Word Count
1,174

Page 1 Advertisements Column 3 Issue 7960, 16 July 1889

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