Page 7 Advertisements Column 3

New Zealand Times, Volume XXVIII, Issue 5802, 20 January 1906, Page 7

AJi IUDGED PROSPECT L'S OF THK j> APA RO A CO A L M ININ G COMPANY. LIMITED,

'T„ 1,- !pri. rj orat —I under “The Compani, - Ad. 11*.:’,/ ,c a Company limned by Bated this 2Bnd " Bay ol' Beeembr-r. K»D. li'ilc! with Iho I’.t'Ktrlrar of Juint Stock Ctinipanin,. Wellington.) CAPITA 1 Si 100,000 In IW.OJO yimreu of .fit each. 13 000 hkaie-. lullv paid up. ato to lie i-sued to tho I’aparoa Coal Company. J.united horeinatter Ailed Iho Vendor Company, in payment tor lie l ,i0 !* el D'’ 'i he Company now otters fur (UiUvuiplion at par bT,*v»i ifnartw upon the lotion lap turiUH:— . ~ , ~ til Gd pul- Share en application, gv G'l per -Share on al lot merit, end the balance in call- not exceeding "s Gd per Mi arc* »r intervals of not ho I‘ian one month U m anticipated that calls will be spread over a period of two vl-ain. All Shaun are lo unit for dividend a-.cording lo the amount paid up Ul ' ,lCOn ' BIKECTOKS: \ZIJf SALVATOK BIRCH, of M ouwiiungo, Sheepfurmor. JUiIN KrrUkKFUItl) Hl.Alli, of Wellington. Gen! Icmn 11 1.1,1 IS PKIJB'JUK BLi;.\m;LL. or Wellington. Newspaper Proprietor. tWhiiN 1 H.MILLS JUHN JdUN'STMN. Of WelUiigtoii, Gentleman IoSLPU PRI.MK -MAXWLI.I., o. Wellington, Civil Kngmcci. HLNHY BULB BRICK. MILS, of I luiiedin. Contractor. The HON JOHN DAVIS OKMOND. of Napier. Siiceplarmcr. Wild. lAM WATSON, of W elluigl on ,(lent lonian. JOHN DCNC'AN. oi Wellinglou. Merchant. MITHCR LIiW A III) I’L'AHCL. of W ellington, Merchant. JAMKS NLLSoN WILLIAMS. Of Trim ley, lla-ungs, lientleman. iw’ho will hold oflicn until the first meeting of liharoholdcre, which will ho held no- less than one month nor more than three nioutlin from the time the Company heemiiivi entitled to commence hm-imre. at which meeting permanent Directors of the Companv will he appointed hy Mi" shareholders, except that the Vendor Compnnv will ho entitled to appoint one of tho Directors,'. )LUTT(J KS: MESSRS FINBLAV. DALZIBU,. AND CO.. Wellington. BANKERS: THE BANK OF NEW ZEALAND. THE NATIONAL BANK OF NEW ZEALAND. INTERIM SECRETARY: .1. M. BCTT. BROKERS: Wellington: MESSRS HARCOFIIT AND CO., A. T. BATE AND E. HCCHOLZ.

The Company is boing formed for tlicl puri»ose of acquiring from the owner nn*l! 1 working a coal mining area of UKH) aerm, situate in Mount Davy, in the Faparoa Kauipvi, about two ami n halt miles from the town of Blackball. This area is Mold urider Lease from the Crown for the period of sixty-six yean* from tho sth November, 12113, at a rental of five shilling's per acre and a royally of sixpence Per ton on all coal raised, tho rental censing while royalty to the amount thereof is paid. , The Company also obtuinn tho \endor » rin'htH under an application for n voa! lease over an area of UOD aerce adjoining Ilia above-mentioned area. The Vendor Company is to receive J2CMO in cash and X 13.000 in fully paid shares. It is also entitled to the return of tlio sum ot XTAW 17? 2d which is deposited with the Public Trustee, to secure tlio performance of the conditions of tho said lease, aud is further entitled to nominate one Director of the Company for a period of three year* from tho date of iltf Incorporation. It has nnaortakon to tnie up not lf**« than JV2oO contnbutsnpr shares in tho Company. The Vendor Company has expended considerable sutna ot money in surveying and developing tho property an<l obtaining reports thereon from well-known experts, copies of which reports are njj-Pt-mled to the pri*p»’ctuw and so well tiutisfiod with the value of tlio properly that ac a mcotini? of probable shareholders m tho new Cunlpnny. soiuu of whom are now I’icvisiomil Directors, ii ollertvl lo obtain a further report f«om cx[H>rt nominated bv the meeting- * * • *• Maxwell, of \Volliugton, was aecordxnKly nominated by the meeting and his ropo:v is aD’o appended. ’i'liff followkiiK exlrucl is taken Rom tho Inspector of Coal Mines Deport, C—2a, 11W5; — .. .. •*l» U'AllOA.—Messrs W. U. Cntten and 11. NeiDen have been grunted a lease U> mine coal over an urea ot JOOO acres of land near the tout hern end ot the Paparoa Langes, the property being bomo two or three miles Irom Inackoull Township; aud comprehensive prospecting mid careful surveys have_ disetoned an extensive field of coal comprised within the leasehold. A largo number of outcrops have been exposed, and tho average thicknesses of I lie several seams are reported as under: No. 1,10 ft 6in; No. 2, 18tt; No. 3. oft; No. -I, sft; No. 5,10 ft; No. 6,10 ft Cin, making an average total of 63ft of coal. Having inspected the property, and examined the prospecting done ami outcrops ttxpoeed, 1 see uo reason to doubt the estimate of Mr F. Cutten, C.E. (authorised surveyor), who was in charge of the work, as to tho extent of coal conlained in tho fix reams discovered. The quality of tho coals is remarkable, the analyses by the Govern- | incut Analyst showing that Noa. 1 and 2 seams may bo cla6t*cd among tho authracifco coals, whilst the remaining scams appear to be fully equal to the very best coals yet mined in any part oi the \Vc*d Coast coalfields, and superior to tho average production: "The coal of tho lower seams (Nos, 1. ; 2 and 3) are practically smokelws, and should he eminently suitable for use in | ocean-going steamers generally. ! "The area under notice being on tho 1 side of a mountain range, a colliery can j ho opened level free, ami the coal con- 1 voyed by moans of a self-acting cable j haulage road, about two in ilea in length : (at a fairly easy gradient) to tho new * brand! of tho Government railway about to bo constructed from Ngahero to Blockball.” t . , _ Tho following statement obtained from analysis made at tho Government Laboratory shows tho relative evaporative powers of Westport, Brunner, and New South Wales coals in comparison with Paparoa coal; Paparoa Coalfield, maximum. ... 17.61 Faparoa Coalfield, minimum ... 15.4 Westport Coalfield, maximum ... 16.45 Westport Coalfield, minimum ... 12.3 Brunner Coalfield, maximum ... 13.55 1 Brunner Coalfield, minimum ... 11.63 I New South Wales, maximum ... 12.82 New South Wales, minimum ... 11.72 And tho following statement shows the comparative analyses of the Welsh and Paparoa coals: List showing tho percentage analysis of British coal, taken from | the "Third Official Report on Coals Suit- 1 ed to the Steam Navy,” compared with the analysts of the Paparoa coal: WEti3U ANTHIIACIXOUS COAL.

the Now Zealand market, ?o (hut at preBi'iil prices there is every reason to anticipate a handsome prolit; upon the bale of the coal. 6. The superior quality of tlio Company's- coal should give it a commanding poru'liun in competition with other companies. The coal is held lo he the best available in Australasia for strain purposes, and also for n?o in the production of the new producer gas for power purposes. It is held that producer pas is destined to work a revolution in power production, nnd Welsh coal in now being imported, into New Zealand for its manufacture. As a house coal the I'aparoa product is also hound to command a ready sale. KXTTIACTS ITIOSI KEPOIITS. From the report of Frank A. Blackburne, Colliery Manager. M.1.M.F,.: The mea-ures of the lease belong to the lower strata of the cretaceous tertiary system, and inv examination, verified by riie very complete mining surveys of Mr Cntten, show that they are free from faults. It in pleasing to me to be ablo to report that the estate is a meet valuable one. The fix seams existent on the property are all thoroughly proved, and the estimate of tfieir contents, aggregating sixty million tons of the highest class anihrncitoua and fiemi-hitnminous stiain coals, is umpieetiouahly correct. With the coalfields of Great Britain I am well conversant. Prior to leaving England in July last, for the special purpose of reporting uiKin another tinning proposition in this colony, I had hecu for five yearn manager of the Clay Cross Col lories. Derbyshire, one of the oldest and largest collieries in England, the wecklv output of which averaged over 20.000 ton’s. I have a full knowledge ol colliery conditions and values, and have no hesitation in stating that if nit noted in nnv of the coalfields of Orent Britain your ViPO-acre isiase as it now stands would readilv command a buying price of not less‘than five million pounds sterling. Jn the very near future, with naval stations at Singapore nnd throughout the Southern Pacific, and the enormous development of steam traffic certain to follow the opening of the Panama Canal, the high-grado steam coal contained in tho property should command a high price and ‘practically unlimited market. All tho conditions being considered, tho location of tho field will probably make it no valuable ns any of the larger collieries of the Homo Country. . k In connection with the property special nnd advantageous conditions obtain rareIv met with in England. In your case tho coal, instead of being wrought by deep shaft will for tho most part be won level'free and to tho rise, obviating the I necessity of costly pumping nnd haulage plants. Again, you have command of water-power for electrical installation, and what will prove to bo a most valuable asset—abundnncoof excellent mining timber on your own land and Ibo adjoining country side. ■ In conclusion. I congratulate your ■ company upon the ownership of an estate , of great existing add enormous potential i wealth, and I have no hesitation in ! prophesying (he immediate financial sne- ! ei-ss of tho colliery once its coals are ! placed on tlio market. The calonfio | power, purity, cleanliness, nnd physical ! structures of tho coala aro not surpassed ;by any other known, nnd ns such they j must of necessity create for tbomselveo a largo nnd increasing demand. From tho report of F. A. Cuttea, A.M.1.C.K.: No. 1 SEAM is first exposed at a level of 1561 feet above the son. In Soldier's Creek, and rises from there toward Ford’s Creek to a height of 2332 feet, as will bo peon from tho plan. This seam has been exposed and measured in numerous places along the contour. Each exposure is indicated on the plan by a heavy black dot. The estimated thickness (10 feet 6 inches) of thin seam is arrived nt )>y adding all tho measured thickness Sopother nnd then dividing by tho numbers of such measurements. The area of seam is taken from the plotted contour on tho plan, and gives 935 acres. This, taken at 10 feet- Bine hen. I nnd allowing SO cubic feet of solid coal i to the Wn. gives 14.270,256 tuns of coni •n this seam, without allowing anything for dip and rise. From actual experiment it w/s found that 27.6 cubic feet of coal weighed 1 ton. Tho coal i« n fine, hard, bright black bituminous coal giving a high 1 percentage of total carbon, and is very : low in ash and sulphur. Assays have ; been made from tho (-nrface coal at von- ! pus points, and those points art> denoted by a red cross on- the plan. A Abort tunnel of 25 feot has been driven on tho coal at Waterfall Creek, and in this the coal is very solid and hard. No. 3 SEAM is a very largo body of similar coni lo No. 1, and. as will bo seen from the plan, measures up to 23 feet thick. This seam has been traced■ and opened at various points in a similar manner to No. 1. nnd tlio eomo hard, clean solid roof and floor mot with. The (area of this seam from the contour ta 184" acres, and estimated average iliickI ness taken as IS feet": this gives 22,137,j 192 tons of coal. No. 3 SEAM is tho same class of coal as Nos. 1 and 2, and has been traced ■ and opened in the same manner, tho roof and floor rock being tho same hard , clean sandstone. Tho area of tin's scam lis 735 acres from the contours, while i the estimated average thickness is 0 feet; I this gives 9,061.950 tons of coai. | No. -1 SHIM boa boon traced by the I sanio methods ns former seams, is of ] tho same high-class coal, and tho enclos--1 ing rock iti exactly similar. The estimated area is 607 acres, nnd estimated thickness 5 feet, (riving 4,'106,52i) tons of coai. No. 5 SEAM is a strong, bright, hard bituminous coal, simitar to tho foregoing; j is ex|Kifed at many places, and nt one | peine en the S. slopes of high spur is i exposed for a distance of 300 feet long |by 15 feot thick. The area of the seam is estimated at 4SI acre?, nnd the thickness at 10 feet;; this gives 6,181,120 tons of coal. No. 6 SEAM is the highest scam on tho

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From the reports and statements it will J bo soon that—1. The property is estimated to contain 3CJ million" tons of anthracite us coal, which compares in quality more : than favourably with the world-famed: Welsh steam co’nls, and is the oniy nn- [ thracitouo coal known to exist in pay- 1 able quantities in the Southern Heims- j phe-ra. 2. The Xwusse ifl a!«o estimated to con- 1 fain t'lt million tons of bituminous and | semi-bituminous coals of a quality believed to bo superior to any other such 1 coals known in the colony. 3. The nnthracitous coal is almost smokolees. a great advantage over other coals in the colony in view of the increasing demand for the suppression of the smoke nuisance in our larger ten,- mi. j 4. The mine will be situated about 3} miles from tbo terminus of the railway, i and can bo worked at comparatively j small expense. * i The cost of landing tho cool f.o.b at Grcymonth i-i estimated at To -pi per ton for export trade and 8s per ton for