Page 3 Advertisements Column 2

Inangahua Times, Volume II, Issue II, 22 August 1881, Page 3

Alex'tiider Colquhoun, GARDENER, Keefton. GARDENS L.UD OUT Jand^kept it Order at per day or per agree ment. Fruit Trees and Bushes for Sale'; also, t Prime Sample'of Bone^Dust at £15 per ton. BOT ICE. A LL persons INDEBTED to the un. -^*- dersigned areVequested to accept ai FINAL NOTICE tbat'any ACCOUNTS remaining UNPAIDJon AUGUST 31st 1881, will betSUED FOR> order to ob tain a settlement. JAMES_STEVEN3ON, Black's Point, July 16 b, 1881. JOHNSTON'S UNITED MINING JCOMPANY, LIMITED. Gold Mining & Mineral Lea«e*. BEDSTEAD GULLY, COLLING V\ OOD Nominal Capital £20,000. in 20.00 f Shares of £1 each •■ of , 'these 166J . are Paid up, 11,676 are Subscriber, for, and the balance.^ 6658. upor which 2s 7£f per Share )s,;Paid op are offered to the Public at, 3ijpei Share. Directors : Messrs Bunny, Parker, Palmer, Franzen Anderson,"Johnston, and Jones. Legal Manages, : A. D. Bayfeild. Leases comprise, Mineral Lease of 9! acres, within which is a Gold Mininj Lease of 16| acres ; these Leases covei ground originally held by the "Per severance," '• Decimal," and other Com panics in Bedstead Gully. Collingwood and contain metaliferous deposits ot Gold Silver, Copper, Lead, and Zinc, believer to be in vast quantities, and. easilj procurable by judicious manngementfor the last year the Company bav< steadily been provine the Mine. Part of the Sou' Western Corner o this ground was worked by the " Per severance," and, to a very small extent also the " Decimal" Company,. Iron which fby statements of these Companies) it is shown that £12,000 worth o Gold was procured from a very smal piece of ground, the ' Decimal Company alone giv ng £2000 from a space of 15 tt 20 ft., vide memo from the late Mi Buckeride, the Legal Manager of the •Decimal Company,' to Mr Johnston Mr Buckeridge further stales that hie Company were unable to work theii ground owing to great jealousies between the two Companies, and the high charges imposed upon their Company by the ' Perseverance Company ' for the use ol wafer and the right to work from th« •Perseverancp' ground. Mr Buckeridge , concludes his memo by saying, • bui owing to the great expense which it ap« • peared would be necessary and to the , Company's Capital being exhausted, the claim was ultimately abandoned, althougl the Shareholders and others believe tha' there is n large amount of Gold in theii j own and the' Perseverance' claims.' The ' Perseverance Company ' worker their ground from an incline shaft, anc having inadequate pumping apparatus » were prevented from continuing work, « report of Mr J. C. I.'ichmond's to th< Shareholders of the • Perseverance Com pany,' advocated operations from eithei 1 Bedstead Gully or Kelly's Creek. Thi Directors of 'Johnston's United Com pany ' haye had an exhaustive survey made and numerous levels taken by Mi Rochfort, C.E., and have determined it acting on Mr Bochfort's advice to put ii a tunnel from Kelly's Creek, and Tender are now called to diivo 400 ft, when thi Quartz Reefs should be first met with this dr ire will also thoroughly drain thi ! ground. ■ , Just outside of the Southern Boundari there is an outcrop of Silver Ore, dippinj I towards the Company's ground ; 'this ba: 1 not been worked, although specimens as 1 sayed gave a yield of over lOOuZs per toi I ol ore. Assay returns of Galena bavi I I given 700z4 of Lead with 30ozs of Silver 1 f Yellow Sulphide of Copper 6ft in widtl 1 and driveb on for 30ft was found in the 'Perseve ance Company's' ground ; thii ' yielded about 30 per cent of metal, ant , was accompanied by highly payabli ! Gold, apart from the known rich golc I bearing quartz. I The Mine is an exceptionally gooc f property ; the failure of former Com* i panics is traceable to a very great exten . to the want of experienced control ovei . those working in the Mine, aud prope; economy in working expenses. ' In inviting tbe Publio to take Shares 3 the Directors assure intending investor: r tbat no exorbitant cutlsy will be made ii 1 cost of getting these Shares taken up present holders are fully determined ti prosecute work, and, as a guarantee o good faith, have, by resolution duly re corded, agreed to with bold dealing witl their Shares for at least two months. Many of the old workings, partieu 1 larly the inclined shalt, will prove o ! value in the re. opening of the Mine. 1 Applications tor Shares must be ao • companied ty a deposit of Is per Share 1 and a further payment of Is per Shan will be required on allotment, and thi ' balance of Is per Share three month: 5 after date of allotment, or a discount o I 2|d will be allowed to any person mak 1 mg full payment of tbe 3s per Share oi • application ; tbe whole of the proceed 3 from the sale of these Shares will b • expended in developing the Mine, f Applications for Shares will not b I received after the 25th August, and ow 9 ing to the very low price asked, a 1 against tbe known value of the property 9 the Directors reserve to themselves th 1 right of closing list of Subscribers prio • tothe2stb August. • From the character of the undertaking - and its certainty of success, no doub • exists as to the profit that will ensue. a Applications ior Shares io be made t 1 the Legal Manager, A. D. Bayfeilc » Hardystreet, Nelson, or to Mr. Thoma Lee, Bridge-stieet, Reefton. The Company's financial position o the 25tb July, 1881, De. £18 13s 9d ; n other liability.