Page 6 Advertisements Column 1

Otago Daily Times, Issue 11400, 18 April 1899, Page 6

Dividends. i . I^te Advertisements. GOLDEN TERRACE DREDGING COM- | T J K'N ' X I N ,S, PANT (LIMITED). I *J • Specialist for over 20 years" standing of iAWI imMU i | MEDICAL KLECTUiCITV, noaaessos all the latest improved Butteries, Static Machines, A FOURTH DIVIDEND, ot Is per Share, Electric Vapour, Hot Air, and Galvanic Baths, has been Declared in tho above Company, and hr^reatmenl.ot Paralysis,^iU^mia^isn^Soiawill be PAYABLE on and after THURSDAY, ]) a ,J c(!) Hysteria, Writers' Cramp, Headache, 20th nißt, at tho Registered Office of tho Com- Liver and Kidney Complaints, General Dcpany, Colonial Mutual Buildings, Princes SUPERFLUOUS HAIR REMOVED •trcct- _ _ _ mfVT lrTf T ■'■ ! (without pain or disfigurement) by electrolyK. T. WHEEL t,R,,Jun., V g Hourg of HUelKlanco: 10 a . m . to ~ p-m Secretary. or , - spoc i a l appointment. Lady in attendDunedin, 17th April, 1899. IBap auce . Address: Upper Kattray street, DungOUTH BRITISH FIRE AND MAlilii t ,j° %™ °" *P»'^°"'' INSURANCE COMPANY OF NEW -jr ADIKSI—At any lima of day a oup of JU "K.UICOS" Tea is refreshing and invigoZEALAND. . ral i U g. ; 18ap • SHAREHOLDERS are notified, that WAR- | BANTS for DIVIDEND to 28th February last ( can now be OBTAINED at tho Company's | MONEY. Offices- ■■ ' . HOKDEK & MOLONEY, R. MARIS CLARK, s» Princes ..beet, Manager. MONEY BROKERS. ' Liverpool street, Dunedin, ■ . ■ ,_ , Money to lend on FutmApril 15, 1899. 17*P , t ,, re> y p iano3 _ C?U | C , ■ ———~*" i±.T^J^=^^~~ : Horses, Life, Policies, Late Advertisements. Bin? disoouuted'at iw "AtAGO LICENSED VICTUALLERS' AS- Kates. No commission \J SOCIATION . ! COMPETITIVE DESIGNS will be received | by tho Undersigned, up till MONDAY, 15th ! ■ Mow for an Efficient and Safe 'FIRE —. FSCAPE at reasonable cost. Ten Pounds mUSSICURA, Wild Cherry Balm, a wondcr(£lo) will' be Paid for a Successful Design, if JL ful remedy Bronchitis, Cough, and adopted by the Committee and approved by Colds. 17ap .■ the Municipal Authorities^^ , gee "OOUNd" at last, an .deal tea-" KUKOS " Manse street, April 15, 1899. __18ap J brand, obtainable at loading grocers. : • PROSPECTUS M 0 A FLAT' DEE DGI N G C 0 M P ANY ■ (LIMITED). (To be Registered under " The Companies Act, 1882.") CAPITAL *10,000,» v . In 10,000 Shares of £1 each, of which 2000 Shares fully paid up are to.be allotted to tho Vendors and 8000 offered to the public on the following terms:-Is par Share on application, la per Share on allotment, and the balance in calls not exceec.i'r ■> ;■" hhare " P«.month. Provi3lona l Directors and Promoters: : ' . ' Mr THOS. BROWN, Dunedin ':■ Mr T.R. FISHER, Dunedin Mr THOS. A. HUNTER, Dunedin • " Mr E. MELLAND, Dunedin Mr DAVID COB-MACK, Roxburgh Who will act as Directors till tho Statutory Meeting of the Company, when tho Directors will be elected by the Shareholders. Solicitors: Messrs BATHGATE & WOODHOUSE, Dunedin. Brokers : '! Messrs HAMILTON & M'KERROW, Dunedin. | Mr W.J. WATSON, Juu.,.Dunedin. i Messrs BARR, LEARY, & CO., Dunedin and Wellington. ] Mr JABEZ BURTON, Roxburgh. . ' > j Interim Secretary : I ANDREW HAMILTON, Bond street, Dunedin. This Company is being formed to acquire from the vendors and work the "^following property—viz., a dredging claim on the Molyneux River, containing 80 acres 2 roods, morc^ or less, being Sections 53, Block I, and 21, Block VII, Benger district, being part of the land ' originally known as the Dumbarton Rock Claim. The claim includes not merely the river bed, but also comprises both of the river banks. Power will be taken in the articles to acquire and work other mining claims. ■ . , It is proposed to work the ground by a powerful up-to-date steam dredge, capable of lifting from 80 to 100 tona.per hour. The vendors ask no cash, but take payment in paid-up shares. One thousand shares have already been bespoken. Experts' reports to the prospects of the claim and the working thereof appear below,- and '. it is believed that the property offers good inducement for investment of capital. . It .8 estimated that the dredge will cost £7000, and that the proposed capital should enable dredging operations to fie started without the encumbrance of outstanding liabilities. A contract dated 20th March, 1899, between Catherine Cormack, lor the'vendors, of the one part, and Andrew Hamilton, as trustee for the proposed Company, of the other part, togethei with the original reports, may be inspected at the office of Messrs Hamilton and VKerrow. . . Cost,of flotation will be borne by the Company. Dunedin, 2nd March, 1899. [ • '' To the.Provisional Directors of the "Moa Flat Dredging Company." Gentlemen,—ln'accordance with your instructions, I have visited and inspected the ground taken up m the.name of the " Moa Flat Dredging- Company," and have now the honour to report on the results of my investigation:— . ' ' Locality.—The claim is situated on the Clutha River, about 4J miles to the south of Roxburgh, and is close to the mam road to Central Otago, and tho distance from Lawrence is about 32 miles, and machinery or coal can be carted direct on to -the ground. Area.—The area of the land taken up is 80J acres, and the Clutha River runs through the property, which-includes both banks, and it' is. proposed, to mine the river bed and the area on- the west bank in-the iirst instance, as the height of the river warrants, and the actual length ot river included is' 55 chains. The Mining Reserve extends beyond the back line of thTground pegged off, so that if in the future gold was found to be striking inland, more ground-could be taken up,, as no one else could work it except the holders of t.ho Moa Flat property» • ■ ■ . ■• Material.—The material it is proposed to work is composed primarily of the ordinary ( river Wash, with a superincumbent .deposit of large stones and debris that has evidently , eh'-pped' 'from 'the adjoining hills and covered the river gravels to a depth, as disclosed m j some old wofkmgs, of about eight feet. The face of the river bank is also covered with the same cta'ss of material, and at first sight would lead one to suppose that the whole of the lind adjoining the river and towards the hills consists of nothing bu^t large and irregular blacks 'df 'stokfe.. As I have already stated, this is not so. Only the upper layer '-.is of this T6tigh natureI.' ~-,:,, ' Tho'bank's of the river are from 30ft to 40£t above the present nver level, which is about 6ft above its normal, height, and the river "bottom" is probably 20ft deeper, but I am not able to'"speak"definitely as, to this, as any work carried on in the vicinity of the;claim has ■ not succeeded'in reaching tho "bottom." ' ' :. '• Previous-Workings.—Some extensive handworks have been prosecuted at a point shown pti' the "plan as' " Ribrdan's workings," by, I understand, a Mr Riordan and others,.who must oettainly have' had some' excellent prospects to have encouraged them in doing 'so much \w«rk and expending such an amount of manual labour in endeavouring to mine the land jifcfder such insuperable' difficulties. V'-I had previously examined the property with a view to elevating the ground by hydraulic jet's, but sundry complications regarding the water and some other land that was to be worked'in "conjunction with this reserve caused the proposal to fall through. .'.' Pro.spects.r-At .my previous examination I took a number of dish prospects, which gaye I satisfactory indications of the auriferous character of the ground, but I need hardly add that it .is quite impossible to prospect land of this character-except by works that would | probabLy. amount to a large sum, and then only indicate tho value of the ground in the lm- | mediate. vicinity of the work. •-, I am informed that- the only work done in the river was by a small current wheel dredge on its way down the rivei, and they were quito unable to bottom, which assertion I quite believe,- ;as a- -small- current wheeler would be far too light to work in such heavy and deep . ground: .'Therefore; there is no evidence of tho quantity of gold likely to bo met with in fee actual river bed, except where the Edina was working at the Dumbarton Rock, about a mile above the upper end of your claim. ■ - Class of Machmcl-y.—From the investigations I have made of this ground, I feel confident that dredging is the best way of working it, and I see no reason why a powerful dtedee, fitted With elevators, should not be able to compass the work required' of it. I would-not be in favour of putting too small a machine on this claim, as a moderatesized one could be handled with the same number of men, with a little extra consumption oi coal, which will cost 14s per ton delivered at tho claim, but the dredge must bo, so far as the dredging part of the equipment is concerned, specially strong, as a considerable quantity of lough, angular stones will be found m the bed of the river overlaying any wash that - may existj and the delivery must be designed to separate the stones and gravel as much as possible. The dredging must' be undertaken by a manager who must worlf his dredge in such ■ a way as not to incur any risk of blocking her with the tailings; .having no other interests to contend with, and the whole river in which to manipulate tho dredge, he. should bo able to stack his tailings in such a manner as not to interfere with the work. Ihe Molyneux. Hydraulic and similar class dredges fteem to have overcome those difficulties. ■ Tho cost of a suitable-bucket-ladder dredge will be about £7000, and if in full work would dispose of ordinary river gravel at the rate of 100 tons per hour. t am of opinion that this venture is one that with efficient management should command success", arid if the ground is anything like as good as it is reported to be excellent gold returns' should be constant. • A plan accompanies this report, showing the locality of the claim and other points of ' fete"Bt- • ' ■■" (gigne[l) aH «.. • • ■ ' Dunedin, March 8, 1899. Dear Sir —I have read Mr Hay's report on the Moa Flat Dredging Claim, together with accompanying plan, and from the information contained therein'l am of opinion that the olaim can be dredged with the modern typo of dredge fitted with a long elevator. .- I have seen the ground, but that id. some years since, and irom what J. can recollect it is not such high ground as some that is being dredged on the Clutha River, between ilexandra arid Clyde, and seeing that your claim embraces both banks, as well as the river, t ccc no difficulty in disposing of the tailings.—Yours faithfully, Roxburgh. March 28, 1899. ■'<-••'"■■ To the Proprietors of the Moa Flat Dredging Company, Dunedin. _ ■ ■j-entlemen,—l have the honour to report on your claim, known as the Moa Flat Dredging Gold' Mining Company. I consider this special claim contains the richest wash-in the Olutha Valley. . " There are, in my opinion, two distinct runs of gold through the claim-one a run of river gold,' and the other a run of mountain gold. The river run, entering the nver bank at the north! end of the claim, just opposite Borton's old claim, goes round the Dumbarton Kocl-: and under Kitto's house,-and out into the river, crossing it at about right ang es Running down the east bank, it recrosses the river again, coming into tho clann just below fa-awn s chaffhouse, and running right down the west bank of the river to the soutli end of the claim. The run of mountain wash comes in from Watson's, and runs through M'Gregor's land of which Mr Kitching has, I understand, the right to purchase, and joins the river run of wash at about Gawn's chaffhouse. • William Kitto worked the face just where it enters tho nver bank, gotting spiendid | Bold and making £10 to £12 per week, working alone, with only two or three heads ot water. , TKereTa high leef right across the- river, mst below Borton's claim. .Mr Borton tried below thTs reef on the east bank; but there was no gold there, clearly showing that the reef caught tne sold and sent it into the Dumbarton Rock claim. The run, in fact, is very easily traced. The wash that is here is as good as I have ever seen,, and bound to pay most handsomely i. worked by elevators. To work this run round the Hock will take many years. It was down at the lower end of Dumbarton Rock claim that Weir and I worked. He averaged £20 per week for the two of us, but our water supply was very poor, and we were always at law with the farmers, and had to sling it up. Tho wash here and at the Rock I have no hesitation in saying, is the richest in the | whole valley. I have been mining in this valley (the Clutha) for 17 years , The farther we got into the wash the richf it became I do not think 20 years will | W rk out the claim.-I have the honour to be^u^rthCull^^ Miner, Roxburgh, and one of the Promoters of the Proposed Company. _^