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PROSPECTUS. ptfosPzciusjlPPEßAßY EXTENDED GOLD MININGCOMPANY, LIMITBI/, Macetown, Otago. To be Registered under the provisions of " The Companies Act, 1882." CAPITAL £?&,000, In 25,000 Shares of Ll Mh, Tbe Vendors have agreed to take 0,000 share'? paid up to 10s in part payment of the property, and the remaining 16,000 shares are offered for publio subscription on the following terms : Sixpence per share on application, Sixpence on allotment, and thi balance (as required) in calls not exceeding Sixpence pw sbate at inteivals of rot le?a than one month. PROVISIONAL DIBECTOBS: Mr Wm. Langlands, Gentleman, Dunediii Mr James Hazlett, Merchant, Dunedin Mr Thomas Brydone, Gentleman, Dunedin Mr liobert Wilson, Merchant, Dunedin Mr Sew Hoy, Merchant, Dunedin Mr Thomas Brown, Merchant, Dunedin Mr William Scoular, Merchant, Dunedin Dr Hocken, Dunedin Mr O. S. Beeves, Merchant, Dunedin Mr John Mitchell, Merchant, Dunedin Mr William Scoles, Farmer, Arrowtown Mr William Jenkins, Merchant, Arrowtown. Bankers: Bank of New Zealand (Dunedin, Christchurch, sad Arrowtown). fSCRBTAET: & r Alexander Bartleraan, Bond street, Dunedin. Bfr.OKERS: Messrs B. and A. J. Park, No. 1 Bond street, Dunedin. Mr A G. Fenwiclr, Tripccs street. The above Company U foimed to acquire and woik on a more exter.ded scale than heretofore the well-known aiid valuable quartz mine of the lipperary Gold Mining Company, situ*te at Scanlan's Gully, Macetown, Otago. An agreement, bearing date the 11th. of Jure, ISB9, has been entered into between Messrs James Hazlett and Charles Stephen Reeves on behalf of the Tipprrary Gold Mining Company, Limited, and Mr John Mitohell as a Trustee for the Tipperary Extended Gold Mining Comp»ny, Limited, for the sale and purchase of the above property upon the following favorable terms:— L4,< 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 be inspected at the secretary's office. The Tipperary Company's claim contained originally about seven acres, but oareful survey and examination having proved the continuous existence of the well-defined lodes which, in years p\st, yieldc d such satisfactory returns, a large area of additional grorcd to the north has lately b>en acquired, and the whole property is now included in a special claim containing 74 acres 1 rood and 20 pole?, for which a license for 21 years has been issued by the Crown. Tiio Company also possesses a machine site with a first-class lOhead 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 tools, and a very large supply of all necessary plant and mining requi-ites; and the mine generally is in order for operations to be resumed without delay. The Mine is well known as one of the richest and most successful quartz claims in Otago. The total output of quartz since the commencement of operations has yielded an average of 22idwt to the ton, the actual return being 15 I2ooz of gold, representing a money value of L 57.828. This fpler.did result has enabled the Tipperary Company, after providing for the purchase and erection of the lattery, construction of water race?, opening up the mine, payment cf wage?, and other incidental raining expenses, to distribute among its shareholders the sum of Ll3,f 00 in dividends, in return for an actual cash outlay of Ll2O only. Such a result, it is confidently aßßortcd, can be shown ' by few claims in New Zealand. The workings hitherto have been confined to the small, original area in ?canlan'a Gully, and the company are still on good gold-bearing quartz, but, owing to the depth of the shafts ar.d the consequent great expense of lifting the it has been deemed advisable to suspend op 'rations until either a main shaft with steam winding gear is put down, or an adit driven the cut the reef at such a level as will givo 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 be run by o f a tiamway direct from the reef to the machine with much less handling and expense. The rcpoits by Mr L. O. Eeal, jun., C.B. (see proepostus forms)—upon the extent acd quality of the reek, the battery, water races, and mine generally, together with the memo, by Mr Lorenzo Resta, who has managed the elaim sicca its start, will enable intending shareholders to judge for themselve3 of the bona fides 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 sot aside as part payment for their intere^. Applications for shares will be received by the Bank of New Zealand at Dunedin, Christchurch, and branches, and by the company's brokers. Notts.—The Share List will Close on the 31st AUGUST. SHIPPING. SPECIAL STEAM SERVICE. GREATLY REDUCED RATES. FOR SYDNEY via COASTAL PORTS. , j* mH E S.S. HA UsiiA. I ROTO will be despatched about WED NESDAY, 21st August. Passengers from Dunedin Wharf at 3.30 p.m , carrying Passongers at LOWER RATES than any other Steamer in the Trade. For further particulars as to passenger and cargo rates apply to UNION STEAM SHIP COMPANY OF NEW ZEALAND, LIMITED. NION STEAMSHIP ; COMPANY OF NEW ZEALAND (LIMITED). ■■*,M*vr!i&<&/>s&aF' TIME TABLB, FOR OAMARU,— BEAUTIFUL STAR, b.b.» on Tuesdays and Fridays. Passengers from Dunedin Wharf on Tuesday at 10 p.m. Cargo till 4 p.m. FOR J.YTTELToNANT) WELLINGTON.— PENGUIN, b s., on Tuesday, 20th August. Passengers from Dunedin Wharf at 3 p.m. Cargo till noon. FOR LYTTELTON, WELLINGTON. PICTON. NELSON. TARANAKI. AfcD ftIANUKAU. PENGUIN. s.s„ on Tuesday, 20th August. Passengers from Dunedin Wharf at 3p. m. Cargo till noon. FOR AUCKLAND via LYTTELTON, WELLINGTON. NAPIER, A»D GISBORNE. —WAIHORA, B.s„ on Wednesday, 21st August. Passengers per 3.35 p.m. train, 808 SYDNEY VIA LYTTELTON, WELLINGTON. NAPIER. GISBORNE. AND AUCKLAND. ROTOMAHANA, 5.8., on Wednesday, 28th August. Pas Eengers per 2.30 p.m. train. FOR SYDNEY via OAMARU, TIMARU, LYTTELTON, AND WELLINGTON. - TEKAPO, 8.8., To-morrow. Passengers from Dunedin Wharf at 9 a.m. FOR MELBOURNE VIA BLUFF AND HOBART MARAROA, s.s., on Thursday, 22nd August. Passengers per 2.80 p.m. train I FOR FIJI from AUOKLAND.-ARAWATA 8.5., about Monday, 19th of August. FOR TONGA AND SAMOA. WAINUI from AUCKLAND, about Friday, 23rd August. Freight and Passengers booked through. Fa 1 uart?cul»r» on appllcat'or, FOR TAHITI.—RICHMOND, s.s., on Friday 28rd August. 1 SPECIAL CARGO AND PASSENGSB SERVICE Reduued Fares and Cargo Prices. FOR WBSTPORT VIA TIMARU, AKAROA, LYTTELTON, WELLINGTON, AND NELSON. GRAFTON, s.s.. on Friday, 23rd August. Passengers from Dunedin Wharf at 6 p.m. Cargo till 2p. m. FOR GREYMOUTH (taking cargo forHokitika) VIA OAMARU, TIMARU, LYTTELTON, AND WELLTNGTON.-OMAPERE, s.b., on Tuesday, 20th August. Passengers from Dunedin Wharf at 10 p.m. Cargo till 4 p.m. FOR AUCKLAND VIA OAMaJIU, TIMARU, NAPIER, AND GIBBORNE (taking cargo for Tauranga).—A STEAMER early. Offices : Owner of Vogel, Water, and Cumberland rtreets.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890817.2.22.6

Bibliographic details

Page 3 Advertisements Column 6, Evening Star, Issue 7988, 17 August 1889

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1,223

Page 3 Advertisements Column 6 Evening Star, Issue 7988, 17 August 1889

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