Article image

PROSIECTUS. iROSPECTU! OP THS EUREKA QUARTZ MINING COMPANY OF NENTHORN, LIMITED, Nenthorn, Central Otago. Registered under iho provisions of "The Companies' Act, 1882." CAPITAL L 15.000 In 30,000 Shares of 10s each, Of which 10,000 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 1b per i share at intervals of not less than a month. Having regard to certain favorable arrangements which have been entered into with the Company's bankeis, it is contemplated that not more than 53 per shaie will be required to be called up. PROVISIONAL BOARD OF DIBKOTOBS : James Hazlett, Esq., Merchant, Dunedin. Geo. W. Pogson, Esq., Cottesbrook Station, Middleinarch. Henry Buckland, Efq , Fernhill Club, Eunedm. John Elliott, Esq , Gladbrook Station, Middlemarch. James Mitchell, Erq , Bui'der, Naseby, John H. Bennet, Esq., Mine Manager, Nenthorn. Alex. Bartleman, Esq , J.P., Dunedin. R. H. Browne, Eeq., Engineer Maniototo County Council, Waßeby. John Cogan, Esq, M.C.C., Mine Manager, Nenthorn. Thomas Moodie, Esq., Perpetual Trustees Company, Dunedin. W. Percy Isaac, Esq., Hillside, Dunedin. J. O. Burman, 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 South 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. (1) To erect a 10-stamp batte/y and 15-horse 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 position, with the necessary hoisting and pumping gear. Making their calculations on a liberal basis, the directors estimate that an expenditure of not more than L 2,500 will be involved in the erection of machinery and the exeoution 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 lod'B have been discovered, both of which can be traced for fully one mile and ahalf, traversing the following claims:—Premier, Furcka, 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 reefr. which at that point are over 2ft in width, and carrying good payable gold. In view of the information available to the 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 Btrata, 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 2£ft, 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 TON OF ORE ! The cake of gold obtained from the crushing is now on exhibition at the establishment of Messrs G. and T. Young, jewellere, Princes street, Dunedin. The Directors would draw attention to the fact that bo far the richest discovery made on the goldfhld 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 oily 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 been allotted. Prospectuses, 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 have 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 Ibbs than Fifty Shares will be reoelved by the Brokers or the Secretary of the Company. Any further particulars maybe obtained frcm the Brokers or Secretary of the Company, from whom also copies of the prospectus may be obtained. EDUCATIONAL. ANTED, Pupils for the Pianoforte; bet v ginners preferred. Apply Miss Taylor, Leith street (off St. Andrew street). £OLIN AND PIANOFORTE STUDIO j (above the Dresden Pianoforte Warehouse).—Mr EPHRAIM PARKER (Teacher of the Violin) and Mr JOSEPH MOSS (Teacher of the Pianoforte and Singing) will receive Pupils at the above address. Bands supplied tor Theatrical Performances, Concerts arranged, and Vocalists provided. Balls and Evening Parties attended. Private address: The Laurels, Albany street. OTAGO HIGH SCHOOL*. SESSION 1889. rHHE BOYS' and GIRLS' SCHOOLS will J both REOPEN for the Third Quarter on TUESDAY, 23rd hut., at 9 30 a.m. Prospectuses showing the work done at the Schools in 1888 may be had on application to the undersigned. O. MAOANDREW, I Secretary Board of Governors. The Rector of the Boys' School begs to Intimate that he will be glad to Bee new boys on Monday, the 22nd mat., at 10a.m., and requests that all boys will without fail return to their duties on Tuesday morning at 9.30 o'clock. PRIVATE TUITION. » MASTER OF ARTS (honors) and Trained Teacher is willing to Prepare Candidates for the Civil Service, Teachers', Univer sity, and Legal Examinations. For further particulars, apply to T. CHKYNE FARNIE, Barrister and Solicitor, N.Z. lusurarca Co.'s Buildings, Crawford street, or St. Kilda, near tram terminus. UNEDIN Sohool of Art, Moray place.— , Evening Classes, Mondays and Wednesdays, for the study of Freehand and Model Drawing, Drawing and Painting from the antique, Painting in monochrome, Modelling in clay, etc. Tuesdays and Thursdays: Practical, Plane, and Solid Geometry; Mechanical and Architectural Drawing. Fridays: Drawing and Painting from the living model. Open from 7 to 9. Fee, 10s 6d. DAVID C. BUTTON,

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890720.2.35.5

Bibliographic details

Page 4 Advertisements Column 5, Issue 7964, 20 July 1889

Word Count
1,330

Page 4 Advertisements Column 5 Issue 7964, 20 July 1889

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working