Article image
Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

PROSPECTUS. fTIHE GOLDEN CAUSEWAY Q.M. OOM--1 PANY OF NENTHORN, LIMITED. NENTHORN, CENTRAL OTAGO. (Registered under "The Mining Companies Act, 1886.”) CAPITAL L 12.500, In 50,000 Shares of 5s each, Of which 30,000 Shares, paid up to 3s each, are retained for the interests which have already been transferred to the Company by the original Shareholders, the remaining 20,000 being offered for Public Subscription on the following terms6d per Share on application, 6d on allotment, and the balance (viz., 2a) in calls of and not exceeding 3d per share per month. Provisional Directors : John Elliott, Fsq., Oladbrook Station, Middlemarch. R. H. Browne, Esq, Engineer Maniototo County Council, Naseby. Charles M‘Gregor, Esq., M.8., Nenthom. Hugh Wilson, £eq., ‘Mount Ida Chronicle,’ Naseby. James Mitchell, Erq., Builder, Naseby. John Laverty, Esq., Storekeeper, Hyde. Thomas Moodie, Esq., Perpetual Trustees Company, Dunedin. J. O. Buckland, Esq., Tumai, Waikouaiti. James Whitton, Esq , M.D,, F.R.O S., Naseby. Robert M'Biide, Esq., Mine Manager, Nenthorn. Peter Harrington, E-q., Farmer, Opliir. A. 15. Kitchener, Esq., The Grange, Waihemo. Bankers ; Colonial Bank of New Zealand, Nenthorn. Solicitor : Alfred O. Hanlon, Princes street, Dunedin. Consulting Engineer : L. O. Beal, Esq., 0.E., M.E., Princes street, Dunedin. Brokers : Walter Hislop, Esq., Perpetual Trustees Company, Dunedin. Leslie A. Norman, Esq., Naseby. J. A. Chapman, Esq , Dunedin. Alexander Cross, Etq., Invercargill. Legal Manager and Offices : Leslie A. Norman, Main street, Nenthorn. The above Company has already been registered under the provisions of "The Mining Companies Act, 1886,” and the proprietors, in order to provide for the energetic development of their various valuable properties, have decided on issuing 20,000 shares for public subscription, calling up 3s per share as herein provided. The sale of these 20,000 shares will realise L 3,000, which amount (less commission, etc., for placing them on the market) will, as the calls become due, bo paid into the Company’s account at the Colonial Bank of New Zealand, Nenthorn, and be devoted solely to the exploitation of the Company’s claims. In other words, not a single penny will be paid as promotion money, the original shareholders being content with seeing the amount so realised devoted to purposes solely connected with the working of their several claims. Thirty thousand shares, paid up to 3s, are retained by the original proprietors ; and on Ss being paid on the 20,000 shares now offered to the public, these 30,000 shares will be equally liable for calls iu similar proportions. The Company has registered in its corporate name three licensed holdings of 30 acres each (90 acres in all). In addition, it holds a registered water-race, heading from Nenthorn and Hartstonge’s Creeks, which is undoubtedly the most valuable light in the district. With the 13,000 realised from the sale of the 20,000 shares now offered for subscription, the Directors propose to erect a complete crushing plant for the reduction of the large quantities of ore in their several claims, comprising a 10-head stamper battery, with suitable driving power, two large berdans, and probably a stonebreaker, with quicksilver tables, blanket strakes, and all other necessary gold-saving appliances. The plant will be added to as the claims become further developed, and it is considered probable that it will require a considerable extension within a year or eo from the time of commencing operations. The special mining correspondent of the ‘ Otago Daily limes,’ a well-known expert of considerable experience, in a series of elaborate and carefully compiled articles, states (1) That, in his opinion, the Nenthorn reefs will prove to be the Most Valuable Deposits in Otago, a belief which is concurred in by Victorian miners. (2) That the underlie of the lodes is of a very small angle, varying from Ift to IJft per 10ft in vertical depth, the deposits fissuring the strata of the foliated schist at right angles—circumstances which have a very important bearing on the future progress of the field, proving, as they do, that they are not mere Laminations of Auriferous Ore. (3) And that exploring operations up to the present tend to prove in a conclusive manner that the Reefs Widen as they gain in Depth, Some six different trial crushings of stone have been taken from various reefs on the field up to the present, and leaving ont the Eureka test of a ton of stone, which yielded lOoz of gold, it is fonnd that the average value of the quartz so far is about 2oz lOdwt of gold per ton. In inviting applications for shares in the Company, the Board of Directors would draw attention to the following ascertained facts ; (1) That the reefs in the Company’s claims are, beyond the question of a doubt, the continuation of those now being worked with such highly satisfactory results by THE CRCE9U3, BLUE RLATB, and VICTORIA COMPANIES. (2) That the leases now offered adjoin the properties of the Blue Slate Company on their western boundary, which in their turn are contiguous to the Croesus Company’s claims. (3) That the ledes in the Blue Slate Company’s claim, a trial crushing from which yielded at the rate of 2oz Bdwt per ton, have been traced through the whole length of the leases held by the Golden Causeway Company, (4) That at one point a shaft (the deepest on the field) has been sank to a depth of nearly 70ft on one of the lodes, with particularly satisfactory results, the reef, when work was suspended owing to the influx of water, showing splendid gold. (5) That, as in the case of the Nenthorn Consolidated Company, unusual natural facilities are available for working the lodes, which can at various points be tapped by low-level tunnels driven in from a deep gorge which runs between and parallel with the course of the lodes, (6) That so far three good reefs have been found on the properties, from which unlimited supplies of pay-ore can be obtained. (7) That the Company own a splendid battery site, on which the Directors recommend the erection of an efficient milling plant, driven during a portion of the year l y a Pelton water wheel, and dming the dry portion of the summer months by a powerful steam engine. (3) That the Company’s water race is one of the most valuable on the field, affording at the works a vertical pressure of about 45ft, and during seven or eight months of the year a plentiful supply of water, which is lifted by two branch races from the Nenthorn and Hartstonge’s Creeks. (9) And that the properties now offered are undoubtedly some of the most valuable on the field.

Under all the circumstances, the Board of Directors have no hesitation in recommending the present scheme as a thoroughly legitimate one for the investment of capital, offering, as it does, the prospects of early returns and remunerative dividends. Applications, accompanied by a deposit of 6d per share, to be forwarded immediately to any of the brokers of the Company, THE SHABE-LI3T WILL POSITIVELY CLOSE ON AUGUST 26. As a large number of shares have already been subscribed for (over 7,000), immediate application is necessary, as in case of a surplus of applications those most promptly lodged will receive tho most favorable consideration. No application for less than 100 shares will be received by the brokers of the Company. JW. FAULKNER, • CUMBERLAND STREET, Opposite llailway Station, Dunedin, Makes and Fixes IKON GRAVE RAILS, any height, strength, or pattern ; Also, WlHfc GRAVE RAILING**, from LI upwards, Both can ho fixed with or without Kerbtng. Concrete and Stone Nothing supplied at Lowest Prices. Also. Wire Bordering. Porches, Flower Stands, Garden Seats, Wire Trollir-work for Vineries, etc,, Wire Netting fur Sheen, Pigs, etc. Iron Oates and Front Fencing, Iron Standards, at Loudon hieos, Illustrated Catalogues and Price List, on application, Post Free. THE best Sausages to be had anywhere is at Brindley*., Albany street, Stay and tee them made,

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

Bibliographic details

Page 4 Advertisements Column 6, Evening Star, Issue 7982, 10 August 1889

Word Count

Page 4 Advertisements Column 6 Evening Star, Issue 7982, 10 August 1889