Page 8 Advertisements Column 4

New Zealand Times, Volume LII, Issue 12038, 16 January 1925, Page 8

Copy filed with the Register of Joint Stock Companies at' Wellington the ljih day of January 1925 Dated this. 14th day of January 1925. ABRIDGED PROSPECTUS THE ECLIPSE GOLD CLAIMS LTD. A Company intended to incorporated under “ the .Companies’ Act 1808. n (Kawarau ftlvar Claims 11. I*3. IS*.-) CAPITAL £17,5,00. DIVIDED INTO 70,000 SHARKS OF »/*. EAOH. . Of which 10,000 are to be allotted to the vendors, fully paid up, in consideration of tie sale of; these three claims on the Kawarau River, numbered as above;. 2o,ooo- shares are to be held in reserve for future issue, if necessary ; and 40,000 shares are now* offered to the public for subscription; upon the following terras: -4-"' . 1/-per share on application, and calls'of 6d per share, at; intervals :of not lees than on* month. ...... , .The • minimum subscription on; which the' Directors may proceed- to allotment is 30,000 shares..,; . ' •' PRO VISIO NAL DIRCOTORS (Who will. hold Office until the conclusion of the Statutory Meeting.of .the,. Corporation, .when . Directors will be elected).. WILLIAM HENRY KENT, Merchant. Wellingron. ROBERT CASHMAN, Civil Servant,-Wellington. . M AU KICEWILLIAM, BAKER: Designer. Wellingtoa. REGINALD PRESSLEY MATHESON, Ajent, W’ l t«. BANKERS. SOLICITORS. . The National Bank of New Zealand. Limited: Messrs. D.’ M. Findlay and Moir. Wellingtea. AUDITORS. \‘ s "'’ .. . BROKERS. (To be appointed) Memrs.lrwin and George, 37 Panama Street, Wellisgtea INTERIM SECRETARY—H. A. Gold. Esq., Brandon .Street, Wellington. OBJECTS-OF THE COMPANY: The Memorandum -of ’ Association setting out the.objeeta of the 1 Company may be seen at the. Office : of the;- . Company’s Solicitor. The Company is being formed to take over and ,w6rk claims Nos. U, 123, 124, each’ onenquarter mile in length in the Kawarau-River, as shown on the Survey Plan of the Kawarau River' Gold Mining Company, Limitedi- ’ • .-* . KAWARAU RIVER: Owing to the vast amount’of gold'which has been recovered! from its banks the Kawarau River is believed to be the richest nver in the world. It has its source at the outlet of Lake Wakatipu, which, supplies 19/20$hs-of the .water in'the river. Official, records show that gold to thewalue of £19,500,000- has been won- from, the alluvial diggings and river banks in this locality; since 1877. How much .was taken out before that year, it is impossible to estimate, but it is generally contended that another ten million pounds worth of easily recoverable gold: wsg obtained by the miners of the ’sixties, ’seventies, and early ’eighties, before official records were kept.: All the gold from the original reefs that glaoiera and floods .have waahed out of theee rieh districts for- centuries past has had to pass through the Kawarau River v the tortuous, rocky, and narrow bed of which makes an ideal gold catcher. • The piers, on which a start will shortly be made will be erected under the supervision oft a Public Works engineer. The GohjL Mining Company has'been promised a six-months* delivery of' the gates from London, and it is reasonable to expect that the dam will be ’completed before the winter of 1925. !’ ' .. ..... . FINANCIAL: The claims are leased from the Kawarau Gold Mining Company on the bins of £I,OOO liability per claim for the ere6tion, maintenance and -management’ of 'the dam. and a 20 - per cent - tribute of the gold won. Frbm >the prices and quotations to hand, the Kawarau Gold Mining Company doee not expect more than,£4oo'.or £SOO per claim (in instalments) will be necessary for, the above purpose, and if too much money should, be called up, it will be refunded. Further, before any tribute, miners* wages have to,be allowed. Thus it seen that the Kawarau.Gold Mining Company's only source bf-revOnue is from the gold won, and' that they cannot earn anything until the dmim-halders are-making profits, Of the £lO/000 proposed'capital to bit immediately subscribed'it is estimated that’'not'-more than £ISOO . will be recurred to meet payments to the -Kawsrau- Geld- Mining. Company, rLiniited, and as .much of the balance mil be called! up-as is required to enable the Company to commence operations when the gates of the dam are closed.-:- -. .As! the .biggest possible production of gold is the aim of both-this Company, and .the - Kawarau Gold' Mining Company, the Company proposes to divide the: river into sections,. each of which will be'under the ,<a mining engineer whose duty it, will be to expedite goldmining, and watch the' interests of ait: concerned. -The. Kawarau , G°ld Miifiug /Company also has to, supply a gold escort for the safe carriage of the gold„tothebank at. Cromwell. A. reference to the plan will show that two of thO' claims to be acquired are situated abouft a mile distant'and. below the junction of the-famous SKotover and Kawarau Riven, whOsfc'tbe third claim is well down the .river,- Affftit'2k. miles abovo ttle township'of'CßoinwSL” A large, map of the Kawarah Bivek,'showing the’cliims cah -be seen aritheoffice of the Company's; brokers. ' : ‘ - .. . -.-. . . . - AGREEMENT BET 1 COMPANY AND THE VENDORS. '-. \ Tho contract' forSalato'thft Company, of Claims 11, 123, and 124. is datod the i4th day of January, 1925, and is . made between William George Lamb’’ slid Fraiqcis William Bointpn of-; theVone part, and George Bar* bert Malis Moir as Trustee for Cpmftjmy of the the Company. to assume all obligations of the vendors to the Kawarau Gold Mining Company, -Limited, under, tho agreement of the vendors with the last-mentioned Company. The vendors will receive equally between them or their, nominees 10,000 shares, deemed to be fully paid-/bp to 5/-, in- full payment for their claims.’ -■ ■ ] • The preliminary expenses of and incidental tothe'formation of the Company including briskerage and until the Company shall jje, entitled to commence business.are estimated to amoakt to £250 and will be borne by the' Company. - ’ The Company has agreed to pay,a commission at .the rate of 5 per cent to-the Brokers ;0Q all shapes of which they procure, the subscription. v . The contract mentioned here in and'all other material contracts including form of. Lease and Agreement to be. entered into with the Kawarau Gold Mining Company. Limited, can be inspected at the Office of the Company’s Solicitors, Messrs D. M. Findlay and Moir.'Lambton Quay,.Wellington, during business hours. • \ The qualification of a Director shall be 200 shares. '• Application’for shares sbould.be made upon the'accompanying-form-and sent to the CK panyls Brokers with the amount payable on application l —l/- per share. If no allotment made the deposit will be returned in fullNo application for less than 100, shatbs-.vyill be reoeived. - -* j. This Prospectus has been duly filed with the Registrar-of Joint Stock. Companies. - GENERi&j : Never in the. history of mining has there : been a cleaner, mere thoroughly organised and fascinating proposition offered. _ The amount of money involved in the whole scheme, is so small in comparison to many amgla promotions'in the gold world, that the results of the great clean-up of the ‘‘World’s Richest River” may result in many of the claims producing fortunes. No Cash to Promoters.—Remember/ in /this Company nb cash is being paidto-thePromoter*. They prefer to stand in with shares only; Showing their faith, in the venture. Note.—-The Kawarau Gold Minittg..Gpmpahy whose-shares were issued-at 1/- each, are now selling on the Dunedin Stock Exchange at 20/- each. that being-20 times their face value, alas Otago people have taken up 58 claims on the .river. . > Generations'of diggers have .dfeeamt; apd have lbnged for. the days when the secrets of-tha Gold Chest” would -be revealed, Their one thought was-to divert the river, which is a practical impossibility, but this damming .scheme which is under way, will effect the same purpose. ' One old Otago miner recently expressed his satisfaction at-the thought that the contents of the river-bed would, be revealed during his lifetime. This may be the last opportunity to secure shares ih a Companylet par, and in order to avoid disappointment early application is rebbmmended. Shakes, will be allotted'according-to priority of application. . - ’■■■ ■' - ' According to latest. advice the'dUm. it expected to .be completed by the end of May next. Until the water in the river is lowered to disclose what plant, if any, will be required it is net likely that more than 1/6: per ; share will'"-be' called., up.; , . It is proposed in due course to'litt*the Company on ; the Wellington Stock Exchange. Only one of these Companies has so fat been listed; viz., the Wairarapa ’Gold' Claims, Limited, the shares of which (2/- paid-up) are* quoted - .’at buyers 5/-, no aelfera. - applioatioN for; shares < To the Provisional Directori of the Edipse Gold Claims, Limited, (Claims. Nos, 11, 123, and ’l24). . (To be Registered:-under-‘‘The Companies’ Act, 1908”). NOMINAL CAPITAL £17,500 in 70;o60 shares.of 5/- each. Gentlemen:— , - I hereby request you to allot-me......Shares,in:the above-mentioned Company, and «I hereby agree to accept the same or. any less number that may be allotted to me, subject to the provisions of the Memorandum add Articles ; 'of Association. I herewith, enclose the sum 6f., ~.!..., bring the amount, payable on. application foe the said scares (1/- per share) and I agree, "to pay the'balance in calls of not more than 6d pef share at intervals of not less than on 6 month. And I request and authorise you to register me as the holder of the shares so allotted. I declare that I am not, nor have I ever been, .an alien enemy within the meaning of tha ‘‘War Regulations” in force, that I am not applying for such shares -for or on behalf of an alien enemy. ... • r Name (in full) , Signature Address .Description Dated the -. ...t.: day of .:.......... 1925. Signature ..V. !. w Intending country investors are. recommended to wire to the Company’s Brokers, asking 4hat the number of shares they wish to apply for,be reserved for them. Telegraphic address “Thorwin, Wellington.” ‘ f