Page 6 Advertisements Column 3

Mataura Ensign, Volume 6, Issue 303, 2 November 1883, Page 6

General Merchants SMAILL BRO "W IST, Smaill and Brown's Stock is now re- Smaill and Brown's if you want, good plete with a ?piendid assortment in turn it lire, Cue.^s .Drawers, Solas, \Vumievery department — best e^er seen in stands, Cribs, Beds! finds, Register Grates, Gore. at and below Duneilin prices. Smaill and Brown are nuw showing » Smaill and Brown's &>r best value in large vi.riely of rnagnific-int Ksuapoi >iii<l biooerics. fcp.ciirtid >ujr.ir, 4d. wr 11'.: Mosgiel Clothing, sumctniug really mob 6 full-sized boxes L'cii, los. .Nothing ever attractive, stylish, and durable. s-.^n alike in Gore. Smaill and Brown supply Calicoes from Smaill and Brown's i» the right ami. bd and strong Flannels trom lid per yd. only piace for boots and Mines 1-r general value and satisfaction in wear. Smaill and Bi'OWn are now proem u.g Quality unpalarlelcd. their otoek direel from the beat manu- __ faotnrere. Smaill and Brown, in addition to w A j~i» i : — T~ c i i i. prices now charged, will allow to C;i.~h Smaill and Brown's « by far the cheapest di 1(J and beau value House in Gore. I mugs J , .... 20 per cent, cheaper than town. over ±,2. Smaill and Brown eau supply s.roug, Smaill and Brown's is now the rewgheavy Men's cuus at 305., incredible nuud establishment where you can get] value. Come and see them 1 best value in Gore. N.B. — All orders by post or otherwise will receive their prompt and careful attention. Prospectus. PROSPECTUS ~~~ » — OF THE — NIGHTCAPS COAL & RAILWAY COMPY. (LIMITED). To be reyistered under the " Companies Act, 18S2, Amendment Act, 1883." Capital— £3o,ooo, iai 30,000 Shares ot £1 each. 5 i 25,000 Shares to be issued afc once, o£ which number the vendors take 10,000 J fully up. 15,000 are now offered to the public, aud the balancw of 5000 retained for future issue. Payment as [Follows — One shilling on application, one shilling on 1 allotment, and the balance in calls of two shillings each, at intervals of not less than three months. It is not intention at present to call up more thau ten n shillings per share. j 1 PROVISIONAL DIRECTORS: j a Mr Joseph Hatch (Agricultural Chemist), Mr G. F. Martin (Manager N.M. & A.. Co., j s- Invercargill Invercargill s. Mr Hugh Carswell (Carswell, White and Co.), Mr R. W. Aitkin (Aitkin, Cross and Co.), r Merchant, Invercargill Merchant, Invercargill ! a Mr William Johnston, Runholder, Wreys M r John Roberts (Murray, Roberts and Co.), Bush Merchant, Dunedin t Mr J. T. Martin, Brewer, Invercargill „ „ ' n _ , a At Alex. Cross (Aitkin, Cross and Co.), Mr Ihomas human. Brewer , Invercargill 8 Merchant, Invercargill Mr P. Kbilkison, Flour. Miller (Blenui«g and; Mr William Coßjers, l>.k, Invercargill Gilluson), Invercargill 2 Mr Joseph Johnston, Ironfjunder, Inver- Mr E. Huffadine, Wheelwright (Huffadine ■ cargill aud -B^h); Invercargill Mr William Sloan, Merchant, Invercargill MrJ^Uenry Wilson (Uowper and Wilson), Mr Walter Guthrie (W. Guthrie and Co.), Merchant, Invercargill ! Merchant, Invercargill Mr D. L. Matheson (Matheson and Co.), Mr George Froggatt, aierchant, Invercargill Merchant, Invercargill Mr John DalgHesh (Murray, Dalgliesh and Mr^VY. J. Moffett, Merchant, Invercargill Co.), Merchant, Invercargill Mr 4 'J. H. Smith, farmer, Bayswater Mr W. H. Hall (Trew aud Hall), Merchant, Mr William Handyside, gentleman, InverInvercargill cargill Mr Thomas Mac Gibbon, Merchant, Mataura Mr W. iSouness (Green and Souness, AucMr J. E. Mills, Auctioneer, Riverton tioneers), Gore Mr C. E. Twining, Mining Engineer, Dunedin Mr C. D. Moore, Merchant, Winton j Mr John Kingsland (J. Kingsland and Co.), Mr Wm. Murray, Merchant (John Sanderson Leather Merchant, Invercargill and Co.), Melbourne Bankers — Bank of Australasia. I Solicitor — Mr Edward Tanner. ' BEOKEKS. • Invercargill— Messrs C. W. Brown, Wilson, Tame and Co., Roderick Macleod. Chas. Rout, Thomas Perkins, R. F. Cuthbertson. Dunedin— Messrs 0, F. BHo> and J. B. UradsHTF. Kelso— -#r Wm. Murray. Tftpsmui— Mr W. Quin. Gore— Mos-sr.-; Green and Soune*&, Matauiu— Meswß Mao Gibbon and Sous. V/yudbtutt-Alr I, W. F:.ym«i(l. " Riverioii'-^^^^^^^^Dton—Mr O. D. Moore. Dipton— Mx \v,.h. Whitaker, Liras3eu~l(PJJ(Pfl^y*^ J. Gardiner, Managers — Murray,- IMgliesh and Co., InvcrcirgilL ■Ciine Manager— Mr Joim Lloyd. Mining Engineer— C. E. Twining, Esq. Interim Secretary — J. E. Hannah, Dee-street, InvercargilJ ' This Company is formed for the purpose of purchasing from the present proprietors and further developing the well-known Coal fields at Nightcaps, in the district oi Southland, and bringing a good and cheap fuel within the reach of the people. Coal is an essential , in every household. The property consists of 470 acres (more or less) of coal-bearing and good agricultural land freehold, tituated at and including the township of Nightcaps, about 120 sections of which have been sold at an average of £40 per acre, with the right to purchase a further area of land, also Coal bearing, in blocks of not less than 500 acres each, at a price not exceeding five pounds per acre, two and three quarter miles of Railway (including sidings)— also freehold, securely fenced— laid with 401 b. steel rails, and the same in every respect as the Government line to Wairio, of which it is an extension ; having been constructed under the supervis'.on of the Government Engineer, and is maintained by the Government, who run their rolling stock over it. The promoters have carefully examined the Colliery workings and the books of the vendors and have satisfied themselves that the property has since the Company entered into full work about 12 months ago, paid a dividend ©f eight per cent- on the capital invested (£22 000), and is capable of much larger development. Tho promoters, on behalf of the public, have arrauged for the transfers from the vendors of all their right, title and interest, in the said Coalfield and Railway for the sum of £25,000 and as shewing the bonajide character of the undertaking, the vendors h,*ve agreed to retain as their interest in the new Company, and as part payment of the purchase money, 10 000 fully paid up shares, and to bear all cost of establishing the new Company. ' The promoters are confident that if Dunedin and district can support four or five Collieries the large and increasing district within a radius of one hundred miles of Invercargill can well support one good Colliery. Firewood is daily becoming scarcer and consequently Coal is in growing demand ; farmers want it for threshing purposes ; and householders for general use ; and as Manufactories are started in our midst they also will be large consumers. This Company can supply coal for any or all of these purposes direct from the Mine to any siding on the network of Railways throughout the district. To enable every householder to benefit by the investment, the promoters decided to make the shares £1 each, of which it wi'l not be necessary for some time to call up more than one-half, or ten Shillings per share, thus bringing it within the reach of all. What the niomoters wish to see is every consumer a shareholder, and every shareholder a consumer Each extra ton of coal sold lessens the cost of production, and the price at which it ean'be sold. The output is capable of being doubled or even trebled at very little additional outlay, the machinery and appliances in this respect being ample for some time to CO DIC Since the Colliery was opened, a little over a year ago, 16,000 tons of coal have been sold. The vendors have the contract for the current year for supplying all the Railways in Southland ; showing that the qualities of the Coal, both for steam and household purposes, are appreciated. The cost of openiug out the workings has necessarily been heavier than will be required in future ; considerable sums having been charged to current expenses, which might fairly have been charged to property and plant account. The supply of Coal on the Company's property is practically unlimited, having been carefully tested and proved in every direction. The Nightcaps is the key to the Southland Coal measures ; being the nearest point by rail to the centres of population. Many ore under the impression that coal can be developed and brought into market at a trifling expenditure of time and outlay. It has taken the vendors about three years' time and constant outlay lo bring the mine workings to their present perfection. Good varnish and lubricating oil have been extracted from the coal. These, together with the iireclay, a^e valuable and in p^rtant factors in the future welfare of the property, and, doubtless, ere long will be utilises. For gas making the coal is about equal to Newcastle, one ton giving 7,600 cubic feet of gas of 17 5-lOth candle power, which is above the test required for gas used in Melbourne and other large towns. The machinery, plant, tramways and underground workings are all in good order. Everything has been done with a view to future as well a<j present operations. The appliances for tipping the coal into trucks are not excelled in the colony. A Fairbanks weighbridge, weighing up to twenty-five tons, is close to the shoot ; all trucks pass over and arc weigl ed on Una, a leoord being kept in the Company's office immediately adjoining. Tijc station yard has extensive sidinjs both for coal and public purposes ; r also commodious goods-shed, all well suited for a large increase to present traffic. The main road, Wreys Bush to Waiau, runs through the property at this point, and the station is largely used by the settlers, to which they bring their produce and return with, coal and other back-louring. Alongside the station-yard is the mine manager's house, consisting of six rooms, with water laid on and every convenience ; also three-stalled stable, shed, harness, and storeroom, etc., all in thorough order. Near this it is proposed to s>ink a shaft for "winding the coal to the surface, tipping direct into the trucks, aud so still further lessea the cost of production. In the township there is a good hotel, post office (with biweekly mail to Wreys Bush and Mount Linton) storec, etc., and the probability of the telegraph line being extended from Otautau at no very distant date. In addition to the present outlets for consumption, tho construction of the Winton* Nightcaps railway line (already surveyed) will besides opening up a large extent of good agricultural country, increase the output of coal by bringing it within easier reach of the Lake district, where it is certain to be largely used, there being little or no timber there. . . The promoters have no hesitation in saying that a safer investment, capable of much greater development and profit, has rarely been put before the public of .New Zealand. They believe that.a concern of this nature is more profitably worked as a Joint Stock Company, where all have an interest in promoting (directly and indirectly) its further development, and have every confidence that it will meet with a favorable reception from the public, atul prove a remunerative investment. As illustrating the success of similar Companies, the promoters would point to the Kaitangata Railway and Coal. Company, which this year has paid a dividend and bonus equal to twenty per cent., besides carrying forward a considerable sum. , Copies of prospect us and forms of application can be obtained from the Provisional Directors, the Company's brokers, any or" the branches of the Bank of Australasia at the offices of the Company, Esk street, or from the undersigned. : The share list will close on 31st December, 1883. ■ •„'« .i' ,i. , QO o ' J.E. HANNAH, INTERIM SSOKETABT, i pw-St, Juvercargtfl, October life. JBB3. . *' As6d