Page 12 Advertisements Column 1

Lyttelton Times, Volume CXV, Issue 16549, 13 May 1914, Page 12

ABRIDGED PROSPECTUS OF THE OHINEMURI GOLD & SILVER MINES, LIMITED. PREAMBLE. The promoter, in approaching the flotation of tho present Company, does Bo with a full sense of the responsibility attached to a work of this kind which involves asking capitalists to stake their money in an undertaking which is as yet in its infancy. But he has made the most Bearohing investigations, with the aid of scientific authorities of the first water, and herein submits tho full particulars without fear of challenge of any scicntlfio authority In the Dominion. He is aware that in the past, in connection with gold propositions, gambling speculation has overpowered tho judgment of Promoters and Directors, ana wasted the assets of shareholders, thus resulting in disaster to tho Companies concerned.’ In some instances Promoters and Directors have been entirely misled by experts who were either incompetent or otherwise unreliable. This has shown itself in various ways in New Zealand. In other cases blind plunging has led to the expenditure of fortunes in buildings and plant, before development work has been done to ascertain if there is sufficient ore in sight to warrant such expenditure. The subsequent development works, having proved the absence of such oro, there remains*! enormous buildings and expensive plant buried m the mountain passes, a monument to the blundering actions of tho responsible parties concerned. In yet other cases, indications of or© having been found, the capital ef the shareholders has been absorbed in buildings instead of utilising it to produce positive ora reserves, and thus justify „ the further expenditure in buildings. In still further cases sheer criminal gambling haa been at the bottom all the trouble, and unsuspecting people have been lured into the not, to their ultimate ruin. A large section of the investing public are also equally to blame for plunging into ventures of the kind without taking ordinary business precautions, and making sound investigations before risking the money. Thus the mineral wealth of New Zealand, which by the way haa only yet been scratched on tho surface, is left a monument to our folly, and a prey to generations to come. With a good knowledge of the history of mining in New Zealand, and p due sense of the responsibility attached to the promotion of a mining Company, every endeavour has been put forward by the Promoter of this Company to (1) ascertain the true state' of the assets now offered in this Prospectus, and for this purpose (2) to secure tho report and advice of on engineer of the highest standing and wide practical experience, (8) To frame a plan of development that will adequately test the values and extent of the ores, and safeguard the capital of the shareholders. on sound commercial lines, and free from every element of gamming. , H) To keep the control of the Company in the hands of men who will 'develop it in the best interests of the shareholders and restore tho public confidence in a class of investment which will yet prove to bs j one of the greatest wealth-producers of New Zealand. (6) To secure the services of a Manager whose presence will be A guarantee that the capital will be expended in a sound, economical, practical and scientific manner so as to produce the nest possible results. The preliminary investigations, and practical tests, necessary to justify \ production of this Prospectus, and the flotation *of the proposed Company, have covered a period of twelve months, of which the last two months have been occupied by Mr. E. F. Adams, tho well-known and highly trusted Mining Engineer, in examining and sampling the exposed reefs, conducting surveys, ana framing a plan of development and estimates of expenditure necessary to the successful development of the mines. He commends to you his report, which forms part of the Prospectus. Cognisant of the responsibilities as stated above, and with inside information of the rare prospects of our mines, which information has been known only to the Directors, their advisers, and the Promoter, he launches this Prospectus with the satisfaction of knowing that we have acted conscientiously in ascertaining all the facts of the case possible for man to ascertain, and has withheld nothing from the knowledge of those whom he invites to become shareholders. The net result of our investigations can be summed up in the statement made in the first part of Mr. Adams’ report:—" The Mine has bright prospects and shews by favourable indications a capacity to reach big mine standard, with moderate outlay In prospecting and development." To enable prospective shareholders to ma e themselves personally acquainted with the property, arrangements have been made whereby any bona fide Investor can visit and inspect the mines. Electric light has been installed in the drives, and one of tho Company’s employees is in attendance to conduct visitors over the works, thus affording every facility for minute inspection. . If any group of prospective shareholders desires to send an expert to inspect on their behalf, the Promoter will bo only too .pleased to afford every facility to such expert. Our Mining Engineer, Mr. E. F. Adams, will be available, on reasonable notice being given, to accompany experts or groups of prospective shareholders, and make every point clear. He is authorised to give the'fullest information possible. Any bona fide prospective subscriber is at liberty to take samples from the drives and nave their own assays made. The Directors are so satisfied as to the genuineness and prospects of the mines, that they leave the door open for the closest sorutiny. Appointments for inspection should be made with the Company’s Secretary, Mr. J. B. Sheath, Queen Street, Auckland. (Sgd.) DAVID WHYTE, Broker.

THIS KIND OF THING. Ena in. Soap Dishes 4-Jcl, Candlesticks 4Jd, Shoo Brushes 4sd, Chamois Leathers 4d, Dish Clotlis 2d, Lamp Chimney Cleaners 2d, samples of tho prices at Minson and. Co.’s Sale. ’ 1898