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T> R- O S P E C T U■TS | OF THE > > BRUNNER LAKE GRAND . TRUNK WATER RACE COMPANY. (To be Registered under the Mining Companies' Limited Liability Act, 1865," by which the liability of 'the shareholders is ' limited ,to the 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-applipatjpn, 5s .per share, 15s on allotment, and the balance by £1 calls at f oiirteen days' interval. . Pkovisiokal Directors, Patrick Comiskey, Esq., Greymouth James M'Dowell, Esq., Greyniouth J. Hughes, Esq., Greymouth 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. * Baxkeks. . ! The £ank p.f Kgw 2Jealajid. ■ Solicitor. H.. E. Campbell, Esq. Surveyor and Engineer. " . -W. J. Bull, Esq. Manager. Mr Job Savage. Brokers, Maclean, Fisher, and Co., Greymouth. E. B. Forf, "Maori Gully. ' ' Cassius and Comiskey, Hokitika. Office : At Cassius and Comiskey's Store, Grcym,outh. The object of the Company is the -construction of a large water race, capable of suj>plying 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, but also exceedingly rich, b^ut .the want of water has hitherto prevented their development, In nil cases, where water has been available very profitable results have to the owners of "the few small races that have been enabled to obtain a supply. It has been found, howeyer ? 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 as would make it available for the most elevated terraces in the district, in the conviction that should these conditions be fulfilled^ immense advantages would* accrue tp the mining community, and 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 Holionu River, 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 on'ejiand, and the Greenstone oil the other. , - In the great and 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 offered 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 niining prosperity. 2. Economical management, and large profits, the former being estimated to cost not exceeding £30 per iweek, and- the latter to produce fully lt)0 per cent per annum on the capital. y 3. Valuable Water Right, which being the •first right from an unfailing source no question of protection, &c. , gan 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. Tlie Company "reserves- to itself the option bi 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 Cqmisky, -Hokitika, Brokers to. th.c Company. FORM OF, APPLICATION FOR .. ' SHARES. " .-..'"■' To the Directors of the Brumier Lake Grand Trunk Water R ace Company, Registered : Gentlemen, :"'.•',.' * I request you will -allot me ..Shares hi "The Brunrier Lake Grand Trunk Water Race Company, Registered, " and 1 undertake to accept such shares, or any less number that. may be^alloted to me, and in. consideration thereof to pay the Calls as they become due, in conformity with Mie piospectus. , ' - . ■ ■ ' „ Name ' ; . - Address .....-„■ "'■- Occupation......; ..' .. ; Wate, .).....■.. „ .

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http://paperspast.natlib.govt.nz/newspapers/GRA18660726.2.21.2

Bibliographic details

Page 4 Advertisements Column 2, Grey River Argus, 26 July 1866

Word Count
785

Page 4 Advertisements Column 2 Grey River Argus, 26 July 1866

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