Page 5 Advertisements Column 4

New Zealand Times, Volume LI, Issue 8471, 21 August 1888, Page 5

Prospectus PEGSPECTUS OF THIS ROXBURGH AMALGAMATED MiLING AND SLUICING COMPANY (Limited). To be incorporated under the provisions O the Mining Companies Act, 1566. Capital, £45,000 in 90,000 shares of 10s each, of which the Vendors agree to take 30,000 shares in part payment of their several properties, the remaining 00,000 shares being offered for public subscription on the following terms, viz.: 6d per share on application, Is on allotment, 6d one month and 6d two months thereafter, and the balance as required in calls not exceeding 0 1 per share at intervals of not less than one month. Provisional Directors : Hon J. M. Larnach, C.M.G., M.H.R., The Camp. Peninsula Hugh S. Valentine, Esq., M.H.R., Gore Vincent Fyke, Esq., M.H.R., Dunedin Andrew Leughrey, Esq, M.H.tt., Christchurch Richard H. J. Reeves, Esq., M.H.R., Nelson Richard M. Smith, Esq., M.C.C., Roxburgh Joseph Haughton, Esq., Roxburgh John H. Waigth, Esq., Roxburgh CharlesS. Reeves, Esq., J.P., Dunedin Bankers: The Bank of New Zealand. Solxci i oils : Messrs Smith, Chapman, Sinclair, and White. Brokers: Jabez Barton, Esq., J.P., Roxburgh J. Alwent Chapman, Esq., Princes-street, Dunedin A. G. Fenwick, Esq., Dunedin Jas. Henderson,Esq., HereforJ-street, Christchurch Messrs Reeves and Co., Nelson P. Brennan, Esq., Reefton William Duncan, Esq., Hokitika Messrs Arthur Warburton and Co., Wellington Temporary Offices : Cheviot-street, Roxburgh. THE Roxburgh Gold Mines are situated on the East bank of the Clutha River, opposite the Township of Roxburgh. They comprise seven working claims, held by separate mining parties ; and it is now proposed to amalgamate these for their mere economical and efficient working. These mines are alluvial —the terraces being composed of gravel and sand, deposited in remote ages by aqueous action, as explained in the report of Professor Ulrich, F.G.S.,in “Geological Explorations,” 1883, besides the reports of H. A. Gordon, Esq,, the Government Inspecting Mining Engineer, and W. L, Simpson, Esq., late Warden of the Otago Goldfields, which are attached to the Prospectus, and are of a very favourable nature. The properties have been reported upon by Thos. Hedley, Esq,, Hydraulic Mining Engineer, a highly qualified expert in sluicing from Mitta-Mitta, in the Ovens District, Victoria, who, in his report, says after recommending certain works to be undertaken by the Company ;—To carry out the required works will practically cost £IO,OOO. I estimate that this plan will be capable of dealing with 1,000,000 cubic yards per year, at a cost of £BOOO. I estimate that the yield will be from 6d to 8d per yard and equal to £30,000 value per annum—affording an annual profit of at least £20,000. I have every confidence in the payable nature of the ground, and the area is so extensive that 150 years’ working under the most favourable circumstances will not exhaust it. The amount of money required to open the mine in a complete manner is unusually small when compared with the vastaess of the venture. I am confident if the ground be properly opened np—water scheme extended so as to command at the high level all the available water, and the whole directed efficiently—the returns will exceed my estimate, and I have no hesitation in recommending the venture with every confidence. Beside the water-races which have been constructed at great cost by the original owners, there are several “dams” on the ground for water storage, and a large quantity of mining plant, valued at £2500, all being included in the purchasing price. These are in good working order, and available for immediate operation ; indeed, they arc now in use, and all the new plant required is hydraulic piping and mote effective gold-saving appliances. The price asked for the whole of these mines is £35,000 in cash and paid-up shares. By the substitution of “ hydraulic'’ sluicing for “surface’’ sluicing, the output can easily be quintupled, and improved gold-saving appliances with certainly double the proportionate yield. Under such conditions the mines would, it is estimated, produce from 6000 to 7000 ounces per annum for the next--150 years at least. It is worthy of note that any amount of water can be obtained from, the Teviot River from any desired elevation up to 2500 feet. - Prospectus and forms of application for shares may be obtained at the offices of the Brokers or Bankers of the Company. The share-list will be positively closed on the 31st day of August. 535-

By Appoint- A.S Excellency meat to Hi« the Governor. JUST RECEIVED— A LOT OF CHOICE TEA SETS AND TEA SPOONS, CRUETS, BISCUIT BOXES, BUTTER COOLERS, AND NOVELTIES IN PLATE, Suitable for Wedding Gifts and general use. Also, A CONSIGNMENT OF SUPERIOR MARBLE CLOCKS. In small sizes. W. Littlejohn and Son, WATCHMAKERS, JEWELLERS, AND OPTICIANS, Lambton Quay and Guba-stkeet, Wellington. GEORGE RICHARDS, All kinds of House and Office Furniture and Shop Fittings made or repaired on the shortest notice. All kinds of Jobbing Work done at reasonable rates. Johnston.street (opposite Theatre Royal*, Wellington. 526