PROSPECTUS. OP A COMPANY TO BE CALLED THE DE BULLION GOLD MINING COMPANY, LIMITED. To be registered under "The Companies Act, 1882." CAPITAL L 10.003, Divided into 20,000 Shares of 10a each, Of which 0,800 fully paid-up Shares will be retained by the Vendors in payment for the property they propose to transfer to the Company. Provisional Directors : Sir Robert Stout, K.C.M.G. Chas. C. Rawlins, Esq., M.E., F.G.S. Tfcos. Brydontf, Esq. Robert Wilson, Etq. E. E. O. Quick, Esq. Managing Director anh Consulting Engineer : C. C. Rawlins, Esq. Bankers: Colonial Bank of New Zealand. Brokers : The Duncdin Brokers •J. C. Atbucklo, Lawrence vTabez Burton, Rrxburgh "William F. Forrest, Alexandra, >/Or.7ciTOß and Interim Secretary : Blr Johu Motiat, Duncdin. 'he cfojecta for which tho Company is to be 1 formed are lliese:— 1. To acquire and work a special claim of 40 acres of gold-hoaring hud situated in block X., Benger distri.t. fronting and forming part of the eastern bank of the Molyneux River, and believed to be the outlet of the old river bed from Craig's Flat. 2. To acquire a water right of twenty sluice , heads of water from the Talla Burn Creek. To consttuct water races and provide the ! required Plant fov working the land by hydraulic sluicing. The bflacJs fronting thi« Claim was worked down to the water level as early as 1863, Srbscquent attempts were made to work it by means of dredging, but the presence of large timber buried in the gravel rendered those attempts I unsuccessful. Very good gold is known to have been obtained fiom the workings so far as they i proceeded. The considerable outlay required to provide water power and plant has heretofore presented an insuperable obstacle to the working of the land by private individual. The land is situated within three quarters of a mile of the workings carried on by the Island Block Company, who have now been in full work for three months past, putting through their boxes about 1,700 cubic yards of wash per day, with satisfactory results. It is calculated that with an average yield of only one grain of gold to the cubic yard, a daily turnover of 1,700 cubic yards would give an aggregate of L 3,750 worth of gold in 12 months, at a cost in working expenses net exceeding LI,OOO. The prospects obtained from the land warrant the belief that the average yield per cubic yard will be very much greater than one grain per cubic yard. It is estimated that an immediate outlay of not more than L 2.500 will enable the Company to commence sluicing operations, the Island Block Company having entered into an agreement with the vendors to permit the water to be carried in their race for a period of six months, in consideration of receiving a weekly rent of L 4. | Th r s would enable the Company to commence sluicing and make a fair stait without immediately con*tructing a race for themselves All that will be immediately required in tho way of race construction will be a race of about 00 chains in length, to bring the water from the Talla Burn into the Island Block Company's race, and Ihe water will then flow along the Island Block Company's race for a distance of 2$ miles. Pipej wi!! be laid from the end of the j Tsland Block Company's race to the river bank, where it is intended to commence work.
The cost of constructing a water race, to be entirely independent of the Island Block Company, is estimated not to exceed LI, 500, but this outlay can be postponed by means of the above-mentioned arrangement until the Company has made a start. Mr Rawlins, who has so successfully carried out the Island Block Company's works, has agreed io act os managing director of the proposed Company. The required capital will be called up by a payment cf fid per share on application, (id per share on allotment, and calls of Gi per share as may be required until the sum of L-3,000 has been paid up. Shares will be allotted in the order in which they are applied for, and the list will be closed the moment it is known that all the shares have been applied for. Early application is therefore necessary. JOHN MOUAT, Solicitor for the Promoters. SHIPPING. NION STEAMSHIP KJ COMPANY V OF NEW ZEALAND *• (LIMITED). TIME TABLE. OAMARU—BEAUTIFUL STAB, s.s., on Tuesdays and Fridars. Passengers from Dunedin Wharf on Tuesday, at 10 p.m. Cargo till 3 p.m. LYTTELTON, Wellington, Picton, Nelson, Taranaki, and Manukau. ROTORUA, s.B„ on Monday, 4th November. Passengers from Dunedin Wharf at 3 p.m. Cargo till noon. AUCKLAND via Lyttelton, Wellington, Napier, and Gisborne. MANAPOURI, s,s., on Wednesday, 6th November. Passengers from Dunedin Wharf at 2.30 p m. Cargo till 11 a.m. MELBOURNE via Bluff —MARAROA, 5.8., on Thursday, 7th November. Passengers from Eunedin Wharf at 3 p.m. Cargo till noon. SYDNEY via Lyttelton, Wellington. Napier. Gisborne, and AuckIand.—MANAPOURI, s.s., on Wednesday, 6th November. Pas pengers from Dunedin Wharf at 2.30 p.m. Cargo till 11 a.m. BRISBANE via Oamaru, Timaru. Lyttelton, and Auckland—WAKATIPU, s.s., on Saturday, November. Passengem per p.m. train. FIJI from Auckland.—Aß 4 WATA, s.s., about Sunday, 10th November. TONGA and Samoa.—WAINUI from Auckland, on Wednesday, 20th November. Freight and Passengers booked through, Full particulars on application. TAHITI.—RICHMOND, s.s„ about Tuesday, 19th November. SPECIAL CARGO AND PASSENGER SERVICE Reduced Fares and Cargo Prices, WESTPORT via Timaru. Akaroa, Lyttelton Wellington, aod Nelson. GRAFTON. S.S., on Friday, Bth November. Passengers from Dunedin Wharf at 6 p,m. Cargo till 2 p.m. AUCKLAND, via Oamaru, Timaru, Napier, and Gisborne (taking cargo for Tauranga). -A STEAMER early. GREYMOUTH (taking cargo for Eokitika) via Oamaru, Timaru, Lyttelton, and Wellington.—A STEAMER early. [Offices : Corner of Vogel, Water, and Cumberland streets. AUCTIONS. MONDAY, 4th NOVEMBER, 1889, At 10 a.m. sharp. At the Otago Corn and Wool Exchange. DONALD REIDAND CO. will sell at auction, 1,650 sacks oats 66 „ barley 20 tons chaff 17 „ po'atce3 £0 kegs butter. MONDAY, 4th NOVEMBER, at 2 o'clock. In Rooms, 39 George street. J CAMPBELL AND 00. « have received instructions (under power of bill of sale) to sell by auotion, 6 bedsteads, 20 spring mattresses (all sizes), 2 meat safes, 2 hairoli-th and 1 leather couch, and a large quantity of furniture too numerous to mention. TUESDAY, sth NOVEMBER, At 2.30 o'clock. Important Sale of MERCHANDISE, In an Assigned Estate. DM. sTe DD I NO « has received instructions to sell by auctioD, at his Rooms, on Tuesday first, sth | inst., at 2.30 o'clock, i In bond: ! Durand's brandy. Glen Dhu whisky, Ardresson's port, Pcnfohi'a wines, Heckler's ar.d De Neuville champagnes, Burke's and lager alfs, geneva, pints claret. Mikado cigars, Swiss, Old Sport, and Belle of East tobaccos, teas (in chests, half-chests, and boxes). Duty paid: Jams, washboards, brooms, twine, hop?, ginger, carbonate soda, saueea, notepaper, figs, currants, PositiYely without reserve. lists will be advertised on Saturday.
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Page 3 Advertisements Column 6, Evening Star, Issue 8054, 2 November 1889
Page 3 Advertisements Column 6 Evening Star, Issue 8054, 2 November 1889
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