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PROSPECTUS OF A NEW ISSUE OF 5000 SHARES AT £1 EACH BY THE JUBILEE GOLDMINING COMPANY (LIMITED), iTOP VALEEV, W'ATRAU, MARLBOROUGH DISTRICT). OBJECTS: Por the; purpo:->e J of extending the working operations of Lie mine, In* rudling iji tm adit level in order to increase tho output or quartz; to conipieto aerial train; to erect a. building over the Baitcry, v.liicu won-d enable the Company to work continuously; and, if advisable, to construct water race so that the machinery could be driven by a I ellon I, heel instead of by steam power, as at present. TERMS • Is Application; Is Allotment;, the Balanc” in calls not exceeding Is per Share at intervals of not less than one month. DIRECTORS: \V W CIIOTE. Contractor T. R. JONES, Contractor t’l'. COVENEY. Grocer C. PALLISER, Contractor y' Cf{\V Builder D. ROBERTSON, Iroiilounder " ' ’ JOHN AVI; JG I IT. Accountant. BANKERS: BANK OF NEW ZEALAND. SOLICITORS; MESSRS. RUSSELL AND CAMPBELL. LEGAL MANAGER: C. D. MORPETH. BROKER: HENRY A. EVANS, M.E., No. 4, Hunter .Greet, Wellington.

rrmrs was formed ill die year 1899. 'anil . registered under tlio Mining JL Companies’* At i, 189 C for the purpose of acquirin'; the properly hnov.-n as Ilie.l üblJee M joint; Lease, coiJHisliiiff of Bl acres auriferous grouiul, wit.i Battery Site and r ij-jlit Government heads of water, and more available, it requited, in die Ton Valiev' Waira.ii. Marlborough Province. . T , , t ~ r p,v Ihe Deed of Purchase, the Company agreed to give the I inspectors • iul.j paid-up shares. on tlic condition, hoivc'-er, that contributing sharelionleis sb-. 1 ■ c recouped for expenditure on machinery and work, to the extent ot .C.sM , f,mn the first profits- of the mine, before the said Prospectors’ shares ranken with contributing shares for dividend. This right the Company now extends 10 to holders of flm no, Comp ., ny is 3 ,; 00 shares of -Cl each, inclndiiig IjiM V’Ty paid-no shares which were given to the Prospectors tor their inteie-t. the Co.npamnliiH now expended .£3IOO on plant and developing the propertj, and 1 e Directors being convinced of its value hare every confidence in offering Uic, W now shares to the public, out .of which the Company is not asking an, hi .lent. The £IOOO debt beim' represented by value on the property, the new shaionol Ki.., iiiav expect a quick return for money invested, for, while putting ,u a lower drive quartz can be taken from the higher levels at a minimum cost,-and the T..Uei\ kept in full work. , „ - The propertv now held hy the Company consists ot: 1. A' Battery of ten bead 6 ? with electro-plated tables, 0.l eo.npl-ite. 2*. ’Water laid on. reservoir for servin'? tables, which is supplied l>y a liin centrifugal iinmp with pvlley and all. gear for driving same. 3. Berdan for treating tailings. , . , ... ■1 The machinery is driven by a first-class new portable engine, which la ’ liou a “d under a well-built shed, covered with corrugated iron, fl. Blacksmith's shop complete with nil necessary tools. (5 San* bench complete. 7* Barge quartz paddock, capacity about 400 tons. „ . , v „„, 8 'Mammons house, with storeroom attached'; a good wo.uimr iwul ’ building, lined throughout and roofed with corrugate..- irmi. 9. The storeroom contains necessary stores and tools for the nui.un„ the claim. , . ... - „„ 10. Paddock enclosed for tailings.containing a- quantity ot same. 11. Bight of cutting timber from 20 acres good hush. 12. iu-tort house. The Cornuan v has proved one of the quartz reefs, which varies in thickness from 18in to sft ‘ This .reef has been traced the tnil length of the claim, m,.., -■ chains ? it also continues its course through .the .just Tor Luck Claim' which is peg , lir i _ P(r fbe Company >, property. j\ winze lias been sunk on tins ie*-. ljK “ npi^p,^ vii« a , it goes down. Then is another well-defined reef on the pro- ' . r ™i?i,.i, is kur wn to currv good gold. It has been traced for over 000 fee, ; this'lor-' rcoiiircs' farther prospecHng. which it is the Conipany>. intention to do. The Cniiin'inv is fully convinced of The richness of the claim, having worked the Battery 63 da vs of 8 hours for a- return- of £5 5s lid per day; I his is jndcppuqei.t >f 11 „Tsinc , f the tailings, which we know, from a parcel sent to the Coaol, the > id I'* , being over Bdwt per ton. These tailings will, as. soon as the new "" ,'V .nbseribed he treated with up-to-date appliances. • •• • .. , , P Tho 'auriferous nature of the Top Valley is so. well known now, that all availa W , 1 ifneemod off for both quartz and dredging claims. The river running fhi-oiudi the Valiev has been proved by prospectors to Tie rich with me in cvioi v metal" so much so that several dredging claims have been hud out. am..-two of I no*, ■hmi 1 d ho at work at an early date; likewise, there is in course of erection nnothu i! l.pod stamp battery for a claim called The Wellington. The bulk of Ibc rm.i”*erv'for"this Claim is now on the ground. and will be working at an early dn.o. twp wi be no delav in working the Jubilee Claim, as all the machinery is creeled n i f« workin*' order- -£250 lias been aut] lor i se d towards, the cost of construct in,, I'road up the Top Valley Creek. This al one i s a convincing prool that the Mines CP ro^ft?rtli^r*i)n C hpplybo HBNKY A. EVANS, M.E.. For tintner pm Sbarobroker, No. 4, Hunter street. wnTP- The above Company is a. going concern, and dividends arc paid rof trm7mount up. Share list c) oee9 about tho 26th mat. Jnlo. Tors will do well to apply at once. T-rospec-nding in-

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NZTIM19010119.2.52.3

Bibliographic details

New Zealand Times, Volume LXXI, Issue 4259, 19 January 1901, Page 7

Word Count
1,181

Page 7 Advertisements Column 3 New Zealand Times, Volume LXXI, Issue 4259, 19 January 1901, Page 7

Page 7 Advertisements Column 3 New Zealand Times, Volume LXXI, Issue 4259, 19 January 1901, Page 7