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PROSPECTUS. PROSPECTUS OF THS EUREKA QUARTZ MINING COMPANY OF NENTHORN, LIMITED, Nknthobn, Centbal Otaqo. I Registered under tho provisions of " The Companies* Act, 1882." CAPITAL L 15.000 In 30,000 Shares of 10a each, Of which 20,000 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 Tublio Subscription on tho following terms, viz.:—ls per share on application; Is on allotment, and tho balance as required in calls not exceeding Is per phare at intervals of not less than a month. Having regard to certain favorable arrangements which have been entered into with the Company's bankets, it is contemplated that not mora than 53 per shaie will be required to ho called up. Provisional Board of Directors : James Hazlett, Esq., Merchant, Duuedin. Geo. W. Pogson, Esq., Cottesbrook Station, Middlemarch. Henry Buckland, E?q., Fernhill Club, Dunedin. John Elliott, Esq, Gladbrook Station, Middlemarch. James Mitchell, Esq., Builder, Naseby. John H, Bennet, Esq., Mino Manager, Nenthorn. Alex. Bartleman, Esq , J.P., Dunedin. R. H. Browne, Esq., Engineer Maniototo County Council, Naseby. John Cogan, Esq, M.C.C., Mine Manager, Nenthorn. Thomas Moodie, Esq., Ferpetual Trustees Company, Dunedin. W. Percy Isaac, Esq., Hillside, Dunedin. J, C. Burman, Esq., Estate Agent, South Dnnedin. Bankers: The National Bank of New Zealand, Limited. SOLICITORS: Mes:-rs 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 ha 9 been aptly described by mining expcits cf considerable experience as "The Thames of the South Island of New Zealand." In addition to the licensed holdings veftrred to, both of which have been transfurred in the corporato name of the Company, there is a grant of a Water Race and Right for live heads of Water, as well as for a Reservoir covering five acres of ground. It is tho intention of tho Board of Directors, on commencing operations, to do the following things—viz. (1) To erect a 10-s.tamp batte.-y and 15-horse power 'engine and boiler in tho immediate vicinity of tho reefs, bs 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 tho necessary hoisting and pumping gear. Making their calculations on a liberal basi?, tho directors estimate that an expenditure of not more than L 2,500 will be Involved in the erection of machinery and the execution of a|l necessary works for placing tho mine in a position to pay dividends. The claims held by the Company havo been extensively prospected, and so far two goldbearing lodi s have been discovered, both of which can be traced for fully one mile and ahalf, traversing the following claims:—Premier, Eureka, Glencairne, Crystnl Cave, and Gladstone. Within tho last few days an additional GO acres have been applied for by a company , beaiing the appellation of "The Eureka Extended Company," the proprietors of which have discovered the continuation of the reef*, which at that point are over 2ft in width, and carrying good payable gold. In view of tho information availab'e to the '. public in regard to tho valuable discoveries j already made at Nenthorn, the Directors consider it unnecessary to make any statements in j riferencc to the general character of tho fiold, except to remark that it has been practically proved, beyond the question of a doubt, that tho lodes aro true in character, figuring the foliated schist almost at right angles with tho 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 mado. Their general width is quite 2Aft, and in one place a shaft haa been sunk to a depth of 20ft, from which poict a trial crushing of a toa of stono was token and reduced at the battery of Kincaid and M'Queeu, Dunedin, the yield being at the rate of TEN OUNCES OF RETORTED GOLD PER TON OF ORE ! The cake of gold obtained from tho crushing is now on exhibition at the establishment of Mossrs G. and T. Young, jewellers, Princes street, Dunedin. j Tho Directors would draw attention to the fact that so far the richest discovery made on | the goldfitld is comprehended in tho properties now offered to the public; and, taking all the circumstances of tho case into consideration, they have no hesitation in recommending them a3 a perfectly legitimate outlet for the investment of capital, The only contract entered into is one between the Company of tho 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 la per share, to be forwarded immediately to olther the Brokers or the Secretary of the Company. In cases where no allotment is made the deposit will be returned in full, and whore a less number of shares is allotted than shall have been applied for tho balance of tho deposit will be aoplied toward the further payment accruing on the shares which may have been allotted. Prnspectrses, with forms of application, may be obtained from the Company's Banker?, Brokers, and Solicitors, and the Secretary. The Share List will close as soon as the requisite number of applications shall have been received. As a large number of shares havo been already subscribed for, immediate application is necessary, as in case of a surplus those most 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 tho Secretary of tho Company. Any further particulars may be obtained frcm the Brokers or Secretary of the Company, from whom also copies of the prospeotus may be obtained. PUBLiO HOTIOB& TO BUILDERS AND OTHERS. ARNINGHAM AND 00., Manufacturers < of the Patent Prize Range ZEALANDIA. Roqulres no sotting, and will born any coal. Iron Fretwork for Vorandahs in great variety. VICTORIA FOUNDRY, George street (opposite Knox Ohuroh), ,HE " ORION " COOKING RANGES, for or lew pressure boilers. Requires no setting. Iron Fretwork and General Castings, Repairs effected, H. E, 8 HACK LOOK, South End Foundry, Crawford street Dunedin. OLFE'S Schnapps,—Purchase the 'V genuine, and repudiate all shams. r -TAKEN from my Shop last week, 2,0001b I. of the best Sausages in Town. Cole, Hanover street, AUSAGES. Sausages. Sausages for the kj million at Grindley's, th« Butcher, Albany street.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890718.2.4.3

Bibliographic details

Page 1 Advertisements Column 3, Issue 7962, 18 July 1889

Word Count
1,167

Page 1 Advertisements Column 3 Issue 7962, 18 July 1889

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