Page 3 Advertisements Column 2

Otago Daily Times, Issue 3631, 24 September 1873, Page 3

PUBLIC NOTICES. PROSPECTUS OP THE ¥7" ANIERI LAKE WATER RACE COMPANY (LIMITED). Registered under the Joint Stock Companies Act ISGO, with Limited Liabilities. CAPITAL, £20,000 : IN 20.C00 SHARES OF £1 EACH. A deposit of Is per Share to be made on Application, Is per Share on Allotment, and the Balance in Calls as the Directors may decide, but not exceeding 2s per Share, at intervals of not less than one month. Directors : HON. JAS. A. BONAR WM. TODD, Fsq. M. CASSIDS, Esq. WM. SMITH, Esq. R. BECK, Esq. T. LEARMONT, Esq. WM. JONES, Esq. J. ORFORD, Esq. W. C. J. KORTEGAST, Esq. Bankers: BANK OF NliW ZEALAND. Sot,icit n : C. E. BUTTON. Esq. Maxaoer. : AMBROSE CREBER. The Object of this Company is to coustruot a Head Water Race capable of carrying 00 Government heads of water, taking its supply from the Kanieri Lake, which wiU give a constant supply at all seasons of the year. It ia proposed to construct the Race through the auriferous district of Kanieri to the Big Paddock and Blue Spur, thus offering facilities to work a large extent of ground known to be auriferous, but hitherto unworkable through want of water. Ultimately the Town of Hokitika is to be supplied with water, and a very handsome return on the invested capital is anti cipated from this source alone. The Cost of the undertaking in its entirety is etiniated at about £20,000, half of which is being applied for by the Company from the General Government under the regulations of " The Immigration and Public Works Act, 1872," and been promised subject to approval of the detailed plans of the work-thus leaving only £10,000 to be subscribed by the pubii •, of which upwards of £5000 have, been already taken up in Hokitika and the District; through which the Race passes. It is confidently anticipited that the Race when complete will give an income of £7SOO per annum, from which amount will have to be dedu ted £1500 for maintenance, interest, and charges; thus showing a profit of £0300 per annum, supposing only 30 heads of water were sold at £3 per held per week, ior 8 working hours per day, and £2 per head for the remaining 16 hourß out of the 24. Applications for Shares may be aiade to W. OR AM BALL, Broker; Or to R. B. MARTIN & CO. N.B.—The Government have granted the loan of £10,000 applied for as above, and the works are now being proceeded with 24s RATIONAL INSURANCE COMPANY OF NEW ZEALAND, FISE AND MARINE. DIRECTOR?. J. L. BUTTERWORTH, Esq. JOHN CARGILL. Esq. HENRY DRIVER, Esq., W. J. it. LARNACH, Esq. RICHABD OLIVER, Esq., EVAN PROSSER, Esq. GEORGE GRAY RUSSELL, Esq. * KEITH RAMSAY, Esq. ROBERT WILSON, Esq. BANKERS: t THE NATIONAL BANK OF NEW ZEALAND. solicitors : MESSRS SMITH AND ANDERSON. The Company will be prepared to undertake Fire and Marine Insurance business in every branch on 25th inst., and at Lowest Current Rates. Arrangements are ia progress whereby the Company will be represented in other parts of the Colony, and business commenced. The insurance of English marine risks will be undertaken shortly, and offices opened in United Kingdom for payment of claims. TEMPORARY OFFICES: MANSE STREET,, Next M'Landress, Hepburn, and Co. i ACTIVE AGENTS WANTED, throughout the Province. i FARES ! CHEAP jb Ait&is Express line of Coaches to PALMERSTON will leave Scandinavian Hotel, Maclaggan street, Dunedin, TUESDAYS, THURSDAYS, and SATUB. DAYS, at 11 a.m. ; returning from Royal Hotel, Palmerston, MONDAYS, WEDNESDAYS, and fEI DAYS ia t9 B.m, j U* SMITH and CO.