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PROSPECTUS. PROSPECTUS OF THE Tipperary extended gold mining COMPANY, LIMITED, Maobtown, Otago, To be Registered under the provisions of “ The Companies Act, 1882.” CAPITAL £26,000, In 25,000 Shares of LI each. The Vendors have agreed to take 9,000 shares paid up to 10s in part payment of the property, and the remaining 16,000 shares are offered for public subscription on the following terms; — Sixpence per share on application, Sixpence on allotment, and the balance (as required) in calls not exceeding Sixpence per share at intervals of not less than one month. Provisional Dibkctoes : Mr Wm. Langlands, Gentleman, Dunedin Mr James Hazlett, Merchant, Dnnedin Mr Thomas Brydone, Gentleman, Dunedin Mr Robert Wilson, Merchant, Dunedin Mr Sew Hoy, Merchant, Dunedin Mr Thomas Brown, Merchant, Dunedin Mr William Secular, Merchant, Dunedin Dr Hocken, Dunedin Mr C. S. Reeve?, Merchant, Dunedin Mr John Mitchell, Merchant, Dunedin Mr William Scoles, Farmer, Arrowtown Mr William Jenkins, Merchant, Arrowtown. Bankers; Bank of New Zealand (Dunedin, Christchurch, and Arrowtown), Secretary; Mr Alexander Bartleraan, Bond street, Dunedin. Brokers : S&snra R. and A. J. Park, No. 1 Bond street, Dunedin. Mr A. G. Fenwick, Princes street. The above Company is formed to acquire and work oa. a mote extended scale than heretofore the well-known and valuable quartz mine of the Tipperary Gold Mining Company, situate at Scanlan’s Gully, Macetown, Otago, An agreement, bearing date the 11th of Jure, 1889, has been entered into between Messrs •James Hazlett and Charles Stephen Reeves on behalf of the Tipperary Gold Mining Company, Limited, and Mr John Mitchell as a Trustee for the Tipperary Extended Gold Mining Company, Limited, for the sale and purchase of the above property upon the following favorable terms L 4,( 00 in cash, and L 4,500 by the allotment of ■9,000 shares of the new Company paid up to 10s per share. A copy of this agreement may Ibe inspected at the secretary’s office. The Tipperary Company’s claim contained I originally about seven acres, but careful sui vey and examination having proved the continuous existence of the well-defined lodes which, in [years past, yielded such satisfactory returns, a 1 large area of additional ground to the north has lately been acquired, and tee whole property is now included in a special claim containing 74 acres 1 rood and 20 poles, for which a license for 21 years has been issued by the Crown. The Company also possesses a machine site with a first-class 10-head battery, turbine, berdan, and appliances, all of the best make and in perfect working order; also extensive and valuable races, constructed at a cost of about L 4 000, and securing about 20 Government heads of water; manager’s house, smithy tool--, and a very large supply of all necessary plant ami mining reqnl-itcs ; and the mine generally is in order for operations to be resumed without delay.

ITlie Mine is well known as one of the richest and most successful quartz claims in Otago. The totjd output of quartz since the commencement of operations has yielded an average of 22idwt to the ton, the actual return being 15A20jz of gold, representing a money value of L 57.828, This splendid result has enabled the Tipperary Company, after providing for the purchase and erection of the battery, construction of water races, opening up the mine, payment of wages, and other incidental mining expenses, to distribute among its shareholders the sum of Llß,f 00 in dividends, in return for an actual cash outlay of Ll2O only. Such a result, it is confidently asserted, can be shown by few claims in New Zealand. The workings hitherto have been confined to the small, original area io Scaulan’s Gully, and the company are still on good gold-be.irfng quartz, but, owing to the depth of the shafts and the consequent great expense of lifting the ( stone, it has been deemed advisable to suspend operations until cither a main shaft with steam winding gear is put down, or an adit driven the cut the reef at such a level as will give additional backs, as well as more easily drain and ventilate the mine. Should it be decided to put in the low level tunnel, it will be started from a point much nearer to the battery, and on its completion the quartz can bo run by means o f a tramway direct from the reef to the machine with much less handling and expense. 2he repo.ts by Mr L, 0. Beal, jun , 0.35. - (see prospectus forms) —upon the extent and quality of the reefs, the battery, water races, and mine generally, together with the memo, by Mr Lorenzo Resta, who has managed the claim aieej its start, will enable intending shareholders to judge for themselves of the bona tides of this prospectus ; and the directors would only add that, from the results hitherto obtained, they are of opinion that the property now offered is one of the cheapest and best ever submitted to the public. As showing the confidence of the vendors in the proposed company, they have agreed to take a large number of contributing shares in addition to the number set aside as part payment for their interest. Applications for shares wi’l be received by the Bank of New Zealand at Dunedin, Christchurch, and biauches, and by the company’s brokers. Note.— The Share List will Close on the 31st AUGUST. SHIPPING. UNION STEAMSHIP COMPANY OF NEW ZEALAND (LIMITED). TIME TABLE. BOR OAMARU. BEAUTIFUL STAR, s.a. B on Tuesdays and Fridays. Passengers from Dunedin Wharf on Friday at 10 p.ir. Cargo till 4 p.m. FOR IYTTELToN AND WELLINGTON.— PKISGUIN, s s. f on Tuesday, 20th Augast. Passengers from Dunedin Wharf at 3 p.m. Cargo till noon. FOR LYTTELTON, WELLINGTON PICTON. NELSON. TARANAKI. AFD MANUKAU. PENGUIN, s.s.. on Tuesday, 20fch August, Passengers from Dunedin Wharf at 3 p.m. Cargo till noon, FOR AUCKLAND via LYTTELTON, WELLINGTON. NAPIEK. AND GISBORNE. —WATHORA, 8.5., on Wednesday, 21st August. Passengers per 230 p.m. train. BOR SYDNEY VI A LYTTELTON, WELLINGTON. NAPIER, GISBORNE. AND AUCKLAND. - ROTOMAHANA, 8.8., on Wednesday, 28th August. Pas sengers per 2.30 p.m. train. FOR SYDNEY via OAMARU, TIMARU, LYTTELTON, AND WELLINGTON. - TEKAPO, 5.8., on Saturday, 17th August. Passengers per p.m. train. Cargo till 1 p.m. Saturday. FOR MELBOURNE VIA BLUFF AND HOBART-I—MARAROA, 1 —MARAROA, s.s., on Thursday, 22nd August. Passengers per 2.50 p.m. train FO.i FiJi item AUCKLAND.-AEAWATA s.s,. about Sunday, 18th of August. FOR TONGA AND SAMOA. WAINUI from Ao. ELAND, about Friday, 23rd August. Freight and Passengers booked through. Full particulars on appllcst'on. FOR TAHITI.—RICHMOND, s.s., on Friday 23rd August. SPECIAL CARGO AND PASSBNGEB SERVICE Reduued Fares and Cargo Prices. FOR WESTPORT VIA TIMARU, AKAROA, LYTTELTON, WELLINGTON, AND NELSON.—MAHINAPUA, s.s., on Friday, 16th August. Passengers from Dunedin Wharf at 6p.m. Cargo till 2p.m. FOR QRBYMOUTH (taking cargo for Hokitika) VIA OAMARU, TIMARU, LYTTELTON, AND WELLINGTON.— OMAPBRE, s.s., on Monday, 19 th August. Passengers from Dunedin Wharf at 10 p.m. Cargo till 4 p.m. FOR AUCKLAND VIA OAM-aRU. TIMARU, NAPIER, ANDI’GISBORNE (taking cargo for Tauranga).—A STEAMER early. Offices : Corner of Vogel, Water, and Cumberland streets. BOARD AND RESIDENCE. WANTED Known—Very superior Accommodation for Gentlemen, Mrs Edwards, Clark street (off High street). WANTED, by single gentleman, good Board and Residence—sitting room, dining room, and bedroom, with use of piano and bath. Apply “Merchant,” P.O, Box 35, HN. MILLS begs to notify the General • Public he has taken that well-known House known as YORK HOUSE, Moray place, and is now prepared to receive Boarders ana Visitors Breakfast from 7 to 9. Lunch from 12 to 2, Tea from 5 to 7. Good, table. Prices moderate.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890815.2.36.3

Bibliographic details

Page 3 Advertisements Column 3, Evening Star, Issue 7986, 15 August 1889

Word Count
1,261

Page 3 Advertisements Column 3 Evening Star, Issue 7986, 15 August 1889

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