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PROSPECTUS. ELEOTRIO DREDGING COMPANY, Upper Shotoveb, Otaoo. To be registered under the Companies Act. 1882. IHE above Claim consists of about 2 miles . of the Shotover River bed and adjaoent beaches. It haß already been very thoroughly prospected by a Spoon Dredge, and shows the remarkable average of over 2dwt per ton, a result not obtained by any dredging company yet floated. All particulars and reports by Robt. Hay, Eeq.. C.E., and others obtainable from Mr E. J. ' Fooid, at my office, Octagon. Most of the above Shares have been already applied for privately. The balance is now offered for a few days. Prospectus and Application Forms may be obtained at Colonial Bank counter, where applications', accompanied by 2s 6d per Share, will be received. ALFRED BOOT. ROSPECTUS OF 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 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 Publio Subscription on the following terms, viz.:—ls per share on application, Ib 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 Company's bankers, it is contemplated that not more than 5s per shaie will be required to be called up. Provisional Board op Directors : I James Hazlett, Esq., Merchant, Dunedin. I Geo. W. Pogson, Esq., Cottesbrook Station, Middlemarch. Henry Buckland, Efq, Fernhill Club, Dunedin. John Elliott, Esq., Gladbrook Station, Middlemarch. James Mitchell, Esq., Bui'der, Naseby. John H. Bennet, Esq., Mine Manager, Nenthorn. Alex. Bartleman, Etq , J.P., Dunedin. R. H. Browne, Esq., 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. 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. I 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 ii) the intention of the Board of Directors, on commencing operations, to do the following things—viz. (1) To erect a 10-stamp battery 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 central 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 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, Eureka, Glencairne, Crystal Cave, and Gladstone. Within the last few days an additional 60 acres have been applied for by a company beating 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 oarrying good payable gold. In view of the information availaVe 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 almoßfc 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 prosexcavations have been made. Their general width is quite 2jft, and in one place a Bhaft has been sunk to a depth of 20ft, from which point a trial orushing 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 OP RETORTED GOLD PER TON OF ORB ! 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 goldfitld is comprehended in the properties now offered to the publio; 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 contraot 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 hj 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. 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 less than Fifty Shares will be received by the Brokers or the Secretary of the Company. Any further particulars may be obtained frcm the Brokers or Secretary of the Company, from whom also copies of the prospectus may be obtained. WATCHMAKERS. [Established 1862.] AND T. YOUNG, 1 IMPORTERS, PRACTICAL WATCH AND CLOCK MAKERS, MANUFACTURING JEWELLERS, 83 PRINCES STREET, DUNEDIN; Lambton Quay, Wellington Great North Road, Timaru; Thames street, Oamaru, G, AND T. YOUNG hold by far the Largest and Best Selected Stook 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 Bale 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.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890724.2.32.4

Bibliographic details

Page 4 Advertisements Column 4, Issue 7967, 24 July 1889

Word Count
1,289

Page 4 Advertisements Column 4 Issue 7967, 24 July 1889

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