Article image
Article image

PROSPECTUS. iROSPEGTUJ OF THB EUREKA QUARTZ MINING COMPANY OF NENTHORN, LIMITED, Nenthobn, Central Otaqk, Registered under tho provisions of " The Companies' Act, 1882." CAPITAL L 15.000 In 30,000 Shares of 10s eaob, Of which 10,000 shares, paid up to their lull nominal value, are reserved for the original Shareholders as payment in full for their several rights transferred to tho Company, the remaining 10.C00 being offered for Public Subscription on tho following terms, viz.:—ls per ahare 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 boon entered into with the Company's bankeis, it is contcmplatod that not more than 5s per shaie will be required to bo called up. Provisional Board op Direotobs : James Hazlett, Esq., Merchant, Dunedin. Geo. W. Pogson, Esq., Cottesbrook Station, Middlemarch. Henry Buckland, Eiq , Fernhill Club, Dunedin. John Elliott, Esq , Gladbrook Station, Middlemarch. James Mitchell, Esq., Builder, Naseby. John H Bennet, Esq., Mine Manager, Nenthorn. Alex. Bartleman, Erq , J.P., Dunedin. R. H. Browne, Esq., Engineer Maniototo County Council, Naseby. John Cogan, Fsq, M.C.C., Mine Manager, Nonthorn. Thomas Moodio, Esq., Perpetual Trustees Company, Dunedin. W. Percy Isaac, Esq., Hillside, Dunedin. J. C. Burman, Esq., Estate Agent, South Duneain. Bankers: Tho National Bank of New Zealand, Limited. f oLicrrons: Mes?rs Duncan and Macgregor, Princes street, Dunedin. Secretary: Walter Hi3lop, Esq , Perpetual Trustees Company, Dunedin. Brokers: Walter Hislop, Perpetual Trustees Company, Dunedin. Leslie A. Norman, Naseby and Kenfchorn, Thp 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 exprrienco as "Tbo Thames of the South Island of New Zealand." In addition to the licensed holdings referred to, both of which have beea tranH* fcrred in the corporate 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 the intention of tho Board of Directors, on commencing operations, to do the following things—viz. (1) To erect a 10-stamp battwy and 15-horso power engine and boiler in the immediate vicinity of the reefs, bb well as suitable appliances for treating the auriferous ore J 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, 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 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- s have been discovered, both of which can be traced for fully one mile and ahalf, traversing the following claims .-—Premier, Fureka, Glencairne, Crystal Cave, and Gladstone. Within the last few days an additional 00 acres have been applied for by a oompany bearing tho 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 tho public in regard to the valuable discoveries already made at Nenthorn, the Directors consider it unnecessary to make any statements in rcferonce 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, tho rock being splendidly adapted to mining operations, and the pay-ore fairly easy of production. The particular lodes in the Company a claims have, as already stated, been extensively prospected, payable gold having been found wherever excavations have been made. Their general width is quite 24ft, 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 tho establishment of Messrs G. and T. Young, jewellers, 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 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 tho 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 ia allotted than shaH 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. 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 Burplus those most promptly lodged will receive preferential allotment in the order of application. No application for less than Fifty Shareß will be received by the Brokers or the Seoretary of the Oompany. Any further particulars may be obtained from the Brokers or Secretary of the Oompany, from whom also oopieß of the prospectus may be obtained. WATCHMAKERS. [Established 1862.1 AND T. YOUNG, 1 IMPORTERS, PRACTICAL WATCH AND CLOCK MAKERS, MANUFACTURING JEWELLERS, 88 PRINCES STREET, DUNEDIN; Lambton Quay, Wellington Great North Road, Timaruj Thames street, Oamaru. G. AND T. YOUNG hold by far the Largest and Best Selected Stock of Watches, Clocks, Jewellery, Sterling Silver and Eleotro-plated Goods, Aneroids, Field and Opera Glasses, Spectacles, etc, in the colony. They desire to call special attention to the fact that while their articles for sale are of the BEST QUALITY, their prices are not higher than those of minor establishments, their object being to secure a large amount of patronage, and at the same time the approval of their customers. Inspection respectfully Invited,

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/ESD18890723.2.3.3

Bibliographic details

Page 1 Advertisements Column 3, Evening Star, Issue 7966, 23 July 1889

Word Count
1,173

Page 1 Advertisements Column 3 Evening Star, Issue 7966, 23 July 1889

Working