PUBLIC NOTICES. r AX WELL'S EXHIBITION BESTAU | RANT DINING AND REFRESHMENT ROOMS, 196 PRINCES J3THEET SOUTH. Best Meals in the City at all hours. Breakfast, 7 till 10; Lunch, 12 till 3; Tea, 5 , till 8; Supper, 8 till 12. | Hot Pies. Pastry, Fish, Tripe, and Oyster Suppers. Grills and Welsh Rarebits a specialty. Hot Tea, Coffee, Cocoa, Chocolate to order. Good Beds. Private Rooms for Ladies. Banquets, Balls, Dances Catored for. Charges moderate. JOB PRINTING ,HE EVENING STAR OFFICE is no prepared to Execute PRINTING of every description, in first-class style, at moderat prices, and on very short notice. Having a Large and Varied Assortment of | Type, suitable for all classes of work, and Machinery capable of turning it out more rapidly than most offioes, Business Houses can rely upon their Orders, for large or small numbers, receiving prompt attention. Estimates given for large orders only KACOOK'S Celebrated Jams, best In the market. All grocers sell them. Be Mire and get Peacock's. QT. GEORGE JAM.—Ask for, and see that O you get. All Grocers. PROSPECTUS. PROSPECTUS JL MINING COMPANY, LIMITED. To be Incorporated under " The Companies Act, 1882." CAPITAL L 160.000, Divided into 80,000 Shares of L2 each, Of which 48,000, paid up to 30s, and with a liability of 10s per share, are reserved for the Owners of the Claim (the present Shotover Big Beach Gold Mining Company, Limited, and Messrs Sew Hoy and John Blair) as part payment of the purchase money; the balance, 32,000, being offeted to the Public for subscription t- s follows : 2j 6d per share on application ; 2s 6d per share on allotment; and the balance in calls not to exceed 2s 6d per Bhare per month. (When 30s per share have been called, all the shares of the Company will be equally liable, so that Is per share wculd produce L 4.000). Provisional Directors : Hon. W. J. M. tarnach, C.M.G., M.H.R. Maunce Joel, Esq. Sew Hoy, Esq. Peter Duncan, Esq. J. A Barr, Kiq. Robert Nimmo. Esq. D. M'lntosh, Esq. George Tomes, Esq. John Blair, EEq. James Gore, Esq. James Shiel, Esq. W. J. Croft, E-q. Bankers: The Colonial Bank of New Zealan . Secretary : Thomas Callender, Esq. Brokers: Frater Bros., Auckland, Arthur "Warbui ton, Wellington. James Henderson, Christchurch. Ritchie and Co., Invercargill. R. and A. J Park) A G. Fenwick > Dunedin. Thomas Grose J Kn^Douglas}"^--This Company is formed for the purpose of acquiring and working on an extended scale the wonderfully valuable claim of the Big Beach Company on the Shotover River (known as Mr Sew Hoy's big dredging claim), together with three adjoining claims taken up by Messrs Sew Hoy and Jihn Blair—the total area of the claims being over 260 aorep, and extending for upwards of five miles along the River from Shidy Creek (where in one day .about 300 ounces of gold were taken from a private claim) to and including the richest portion of the Tucker Beach—the respective areas of each claim being as follows:—Big Beach Claim, 178 acres; the Evening Star and Morning Star Claims, 26 acres; the Claim below Shady Creek, about 20 acres; and the Upper Tucker Beach Claim, about 40 acrep, It may be pointed out that if each of these claims had been floated into a separate company, the three new claims alone would be valued in the aggregate at more than the amount to be contributed by the publio towards the capital of this Company. These four claims being all in one block can be worked more economically under one management, It is proposed to put three or four large and improved dredges on the claims without delay; and in the plans already prepared for these the experience gained by working the present dredge has been fully taken advantage of. The new dredges will each be capable of lifting and treating nearly double the quantity of stuff without additional working expense, while the cost of management will be considerably less in proportion. It is unnecessary to say anything as to the value of the Big Beach Company'? property, the dredge at present working having amply demonstrated that this is one of the most valuable and permanent mining properties in New Zealand; and when the shares in the Big Beach are already valued at over Ll6O cash by the investing public, it must be seen that with the additional dredging area given by the adjoining claims acquired from Messrs Sew Hoy and John Blair, the property becomeß at once without parallel both for extent and value even in the rich Shotover district. Systematic testing, by sinking and boring of the adjoining claims, has proved that the gold deposits existing there are richer than any yet worked on the Big Beach, and as easily dredged, so that this Company would be the enviable possessor of four large special claims of acknowledged richness, and all capable of being economically worked, so as to giva splendid returns on the outlay entailed Toe large quantities of gold obtained every week by the present dredge, from ground which is acknowledged to be the poorest part of the claim, is already matter of history in beach dredging, and need not be repeated here. It might be stated, however, that owing to the shortness of the ladder in the present dredge, it has not always been possible to reach the bottom of the washdirt; and ground showing improved prospects has therefore had to be left for future working. Investors need not be told that the returns will be phenomenal when the additional dredges are at work for this company on "maiden" ground, which has lately been proved by paddocking to yield over ldwt of gold to the dish of washdirt. A oontraot has been entered into, dated September 3,1889, by the Shotover Big Beach Gold Mining Company, Limited, of the first part, Sew Hoy of the second part, John Blair of the third part, and Peter Duncan, as Trustee for this Company, of the fourth part, for the purchase of all claims and assets of the Big Beach Company and the several adjoining claims of Messrs Sew Hoy and John Blair, for the price of L30,0C0 in oash (payment of which will be made by instalments), and the 48,000 shares above-mentioned three-fourths paid up. This contract can be inspected at the office of the Company's Secretary. Sufficient capital will be called up (for which it is esimated, not more than 30s per share will be required) to enable the Company to at once put on the additional dredges, and if considered desirable to provide for utilising the valuable water power now running to waste on the Company's claim. The large area of the claims—more than twothirds of whioh is virgin ground, and nearly the whole of the total area having been proved by boring and other means of prospecting to be easily dredged gives assurance that the | immensely profitable undertaking begun by the Big Beach Company can be carried on for many years. While assuming that the virgin ground yields no more than that already worked, and the new dredgeß (designed to lift double the amount of stuff) give no better returns than the one now in operation, the whole ; of the Company's dredges should produce as a minimum from L 60.000 to L 70.000 worth of gold per annum. Dividends from th 9 earning* of the present dredge will, from the registration of the Company, be paid in proportion to the amount credited as paid up per share; but by the time the other dredges are at work it is anticipated that all the shares will be on an equal footing. This Company shall bear the expense of floating, registration, and all necessary preliminary expenses. The Share List will be Closed as soon as the full number of Bhares have been applied for. Priority of application will be considered in the allotment of Bhares. Applications for shares will be received by any Branch of the Colonial Bank of New Zealand, the Company's Brokers, or by THOMAS CALLENDER, Secretary. Batti|y street, Dunedin, 3rd September. 1889.
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Page 4 Advertisements Column 4, Evening Star, Issue 8005, 6 September 1889
Page 4 Advertisements Column 4 Evening Star, Issue 8005, 6 September 1889
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