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"P R, OS P E C T U S OF THB BRUNNER : LAKE GRAND TRUNK WATER RACE COMPANY, (To be Registered under the Mining Cony panics' Limited Liability Apt, 1565," by which the liability of the shareholders is limited to tjie amount of their. shares.) Capital, ... .„ . .„. £8000 ; In 1600 shares of £5 each, Of which the present promoters retain 122 shares in payment of the expenses they . . have incurred, Deposit on appligation, 5s per share, 15s on allotment, and the balance by £1 galls at fourteen days' interval. Ph-o'visioNAL Directors. ' Patrick Comiskey^ Esq., Greymouth James M'Dowell, Esq., Greymouth J. Hughes, Esq., Qreymouth E. Wickes, Esq., Greymouth J. Kilgour, Esq;, Greymouth D : Duncan, Esq., Maori Gully E. B. Fox, Esq., Maori Gully; Honorary Secretary. W. H. Harrison, Esq., Greymouth Treasurer, T. W. Rees, Esq. - Bankers. The Bank of .New Zealand. Solicitor. H. E. Campbell, Esq, Surveyor and Engineer, W. J. Bull, Esq. Manager. Mr Job Savage. ' Brokers. Maclean, Fisher, and Co., Greymouth. E. B. Fox, Maori Gully. Cassius and Comiskey, Hoki tika. Office : At Cassius and Coiniskey's Store, Greyruguth. The object of the Compauy is the construction of a large water race^ capable of supplying water for sluicing purposes at a sufficient altitude to command the; whole range of auriferous terraces and gullies/in the Arnold and adjacent districts. It has been proved beyond question, that these terraces and gullies are not only very extensive, \/v& also exceedingly rich, but the want of water has hitherto prevented their development. In all cases where water has been available very .profitable results have accrued to the owners of the fewsmall races that have been enabled to obtain a supply. It has been found, however, that the local streams are quite insufficient for the requirements of the district, and that the supply must be obtained from a distant source. The present Company was originated for the purpose of endeavoring to discover an abundant supply of water from such an altitude cis would make it available fpr the most elevated terraces in the district, in the conviction that should these conditions be fulfilled, immense advantages would accrue to the mining community, aud that the undertaking would prove exceedingly profitable. The district of Lake Brunner suggested itself as the most likely source of supply, and accordingly W. J. Bull, Esq., Surveyor, and Mr Job Savage, the Company's Manager, made a thorough examination of the Lake and its neighborhood. They succeeded in finding an unfailing supply of water in the Hohonu lliver, which can be brought in at an elevation sufficient to command the whole of the gold fields lying between Lake Brunner and the Arnold on the one hand, and the Greenstone on the other. In the great aud profitable results of the Company's 'undertaking the promoters have the utmost confidence, and their opinion is supported by that of the miners and storekeepers in the district, who have most liberally assisted in carrying out the preliminary arrangements of the Company. It is proposed to construct the race of such a capacity as to supply from 30 to 40 sluice heads Of water, the length of the race being about 20 miles. The construction of the race will be immediately commenced, and it is expected to be completed in about four months. The advantages ottered by this Company may be summed up as follows : — ' 1. The unfailing supply of a large quantity of water to an extensive area of auriferous ground, and the . consequent increase of mining prosperity, 2. Economical management, and large profits, the former being estimated to cost not exceeding £30 per week, and the latter to produce fully 100 per cent per annum on the capital. 3. Valuable Water Right, which being the first right from an unfailing source no ques- : tion of protection, &c, can affect it. The promoters bind themselves not to offer any of their.own shares till the remainder are disposed of at not under .par, thus preventing any depreciation of the stock by them. The Company reserves to itself the option of taking up ground and working it for the benefit of the shareholders. '"'Application' 'for 'shares can be made in the annexed form to Messrs Maclean, Fisher and Co., Greymouth, E. B. Fox, Maori Gully, and Cassius and Comisky, Hokitika, Brokers to the Company. FORM OF APPLICATION FOR SH,ARES. To the Directors of the Brunner Lake Grand Trunk Water Race Company, Registered ; Gentlemen, ' .."■'■■..■ I .request you will allot me ... v .Shares in "The Brunner Lake Grand Trunk Water Itace Company, Registered," and I undertake to accept such shares^ cr any less' number that may bo allotetlto me, and in consideration thereof to pay the Calls as they become due, in conformity with the piospectus. : ':"'■' . ;...> „ Name ............ ■•;.•..•.... ............ .Odress • •; ':.' ' ' 0ccupati0n... .......;................ Datci.. ;..,.........,......„.. './.i.j--

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https://paperspast.natlib.govt.nz/newspapers/GRA18660714.2.23.3

Bibliographic details

Page 4 Advertisements Column 3, Grey River Argus, Issue 79, 14 July 1866

Word Count
789

Page 4 Advertisements Column 3 Grey River Argus, Issue 79, 14 July 1866

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