Page 4 Advertisements Column 2

Grey River Argus, Issue 86, 31 July 1866, Page 4

T> R O S P E C'T - U* S OF THE ■ : ' - BRUNNER LAKE GRAND -TRUNK . ' WATER RACE COMPANY.' " (To bo Registered under the Mining Companies' Limited Liability Act,' 1565," by which the liability .of the shareholders is limited to tjie amount of then.- shares.) .-. ' <te' '" — — . Capital,' ... ... ... £8000 i . In 1600 shares pf £5 .each; KQf -which the present prompters retajn 122 * -shares in payment of the expenses they hjvye incurred. Deposit pn application, 5s per share, 15s on allotment, and the balance by £1 calls at fourteen days' interval. . ' PXOVISIOXAL DIKEpTOBS. Patrick Comiskey, Esq., Greymouth James M'Dpwell, Esq., Greymouth " J. Kughes, Esq. ? Greymouth E f Wickes, Esq., Greymou% J. Kilgour, Esq., Greymouth D. Duncan, Esq., Maori Gully • ' ft E. B. Epx, Esq., Maori Gully. Honorary Secretary. .W. H. Harrison, Esq., Greymouth ■ ; Temasurer. T. W. Rees, Esq. - Bankers. Tjie Bank pf Kew Zealand." Solicitor. ' H. E. Campbell, Esq. Surveyor axd Engineer, ' ** AY, J, Bull, Esq.-* . " ' Manager. Mr Job Savage. . . « Brokers. Maclean, Fisher, and Co., Greymouth, E. B. Fox, Maori Gully. Cassius and. Comiskey, Hold fcika. v Office : At Cassius and Comiskey's Store, Greymouth. The object of the Company is the construction of a large water race, capable of supplying water for sluicing purposes at a sufficient altitudg t° commaiid the wliole range of auriferous terraces and gullies iri the Arnoldand adjacent districts. . It has been beyond question that these terraces and gullies are not only very extensive, but also exceedingly rich, • but the want of water has 'hitherto prevented their development. , In all cases where water has been avfiilable very profitable results have accrued to the owners of the few small races that have been enabled tp obtain a supply, 1$ 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 $10 purpose of endeavoring tp 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 to the mining community, and that the under-; taking would prove exceedingly profitable. The district of Lake Branner suggested itself as the most likely source of supply, and accordingly W. J. Bull, Esq., Surveyor, and 'Mr Job Savage, the Company's Manager, nia<ie examination of the Lake and Us AM^gli-borhood. „They succeeded in" finding an unfailing supply of water in the Hphonu River, jyvhich can be brought in at an elevation sufficient tp cogjjjand the whole of the gold fields lying betretvri Lake Brunner and the- Arnold on the one hand, and the Greenstpne on the other. i • .In the -great and profitable results of the I Cpmpany's unclertaking the promoter^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 -soiriinenced, and it is expected to be corripleted 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 mining prosperity. .'.,.- --2. Ecouomical^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 question 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 thestcjek by them. The Company reserves, to itself the option of takiug up ground and working it for the benefit of the shsireliolders. Application for shares can.be made in the annexed form to Messrs Maclean, Fisher and Co., Greymouth, E. B. Fox, Maori Gullyj and Cassius and Comisky, Hokitika, Brokers to the Company. FORM OF APPLICATION FOR ' ; .SHARES. To the Directors of the Brunner Lake Gr.and Trunk Water Race Company, Registered : .- Gentlemen, " ' " I request you will "allot me. ........ ...5hares in "The Brnnner Lake Grand Trunk Water Race , Company, Registered," s and I under-' take to accept stich shares, or any less number that may be,allpted to me, arid in consideration thereof to pay the Calls as they- become -due", in conformity with the piospectus. „■ ', . -Name ....-.............'.; -. - ■ -Address .-'....; Occupation"... t.....:.. I ."■ ■ Date.;...., .. .- :% .-.. :,■.;,.