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PUBLIC NOTICES. ST. GEORGE JAM,—Ask for, and see that you get. All Grocers A GREAT revolution in the use of spirits , has taken place. Wolfe’s Schnapps has taken the the best brandies. MAKE No~Mistake.— L 2,660 worth Boots J sacrificed at “Continental” (Simon Brothers), two doors from Brown Ewing’s. PHCENIX Jams unrivalled for purity and flavor; all grocers. TO BUILDERS AND OTHERS, BARNINQHAM AND 00., Manufacturers of the Patent Prize Range ZEALANDIA, Requires no setting, and will bum any coal. Iron Fretwork for Verandahs in great variety, VICTORIA FOUNDRY, George street (opposite Knox Church). Jjl VBN I N 6 STAR. The Evening Stab circulates extensively in Burnside, Green Island, Mosgiel, the Taien, Outram, Greytown, Otakia, Waihola, Tokomairiro, Stirling, Inoh-Clutha, Balclutha, Lawrence. Clinton, Gore, InvercargiD, Waitati (Blueskm), Seacliff, Waikouaiti, Palmerston, Dunback, Oamaru, Bavensboume, Rothesay. Port Chalmers and suburbs, Andersons Bay, the Peninsula, etc., etc. The Stab is delivered at the station on the Northern Trunk Line by the train leaving Dunedin at 4 p.m.; Clutha and Lawrence Railways immediately after the arrival of the 4,20 p.m. train from Dunedin; and at Ravens’ bourne and Port Chalmers on the arrival of the train leaving Dunedin at 5,15 p.m. PROSPECTUS. PROSPECTUS OF THE SEW HOY BIG BEACH GOLD 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 80s, and with a liability of 10s per share, are reserved for the Owners of the Claim (the present Shotovcr 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 offered to. the Public for subscription ss follows 2s fid per share on application ; 2s fid per share on allotment; and the balance in calls not to exceed 2s fid per share per month. (When 80s per share have been called, all the shares of the Company will be equally liable, so that Is per share would produce 1.4,000). Provisional Directors ; Hon. W. J. M. Larnach, C.M.G., M.H.E. Sew Hoy, Efq. Peter Duncan, Esq. J, A. Barr, Esq. Robert Nimmo. Esq. D. M'lntosh, Esq. George Tomes, Esq. John Blair, Esq. James Gore, Esq. James Shiel, Esq. W. J. Croft, Esq. Bankers: The Colonial Bank of New Zealand, Secretary : Thomas Callender, Esq. Brokers: Frater Bros., Auckland, Arthur Warbutton, Wellington, James Henderson, Christchurch. Ritchie and Co.. Invercargill. R. and A. J. Parkl A, G. Fenwick > Dunedin. Thomas Grose } D_ouglas} Melboume - 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 Rivet (known as Mr ' Sew Hoy’s big dredging claim), together with three adjoining claims taken up by Messrs Sew Hoy and Jchn Blair—the total area of the claims being over 260 acres, and extending for upwards of five miles along the River from Shady Creek (where in one day about 300 ounces of gold were taken irom a private claim) to and including the richest portion of the Tucker Reach—the respective areas of each claim being as follows :—Big "Beach Claim, 17S 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 acres. 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 public towards the capital of this Company, These fonr claims being all in one block can be worked mord 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 doable 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’s 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 ever 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 becomes 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 give splendid returns on the outlay entailed The 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 retains 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 Idwt of gold to the dish of washdirt. A contract 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 cash (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 ares of the claims—more than twothirds of which 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 dredges .(designed to lift doable 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 the earnings of the present dredge will, from the registration of tho 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 shares have been applied for. Priority of application will be considered in the allotment of shares. Applications for shares will he received by any Branch of the Colonial Bank of New Zealand, the Company’s Brokers, or by THOMAS CALLENDER, Secretary. Bat' af street, Dunedin, 3rd September. 1839.

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https://paperspast.natlib.govt.nz/newspapers/ESD18890910.2.40.3

Bibliographic details

Page 4 Advertisements Column 3, Issue 8008, 10 September 1889

Word Count
1,368

Page 4 Advertisements Column 3 Issue 8008, 10 September 1889

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