Page 9 Advertisements Column 2

Otago Daily Times, Issue 19530, 13 July 1925, Page 9

EXCURSIONS. WINTER A R D TIME-TABLE. DUNEDTN-PRMBROKE. PEMBROKE-DUNEDIN. Via ROXBURGH. DIRECT PASSENGER SERVICE. Via PIGROOT. CARS LEAVE STEDMAN’S GARAGE 8.50; ARRIVE PEMBROKE 6 p.m. THURSDAYS. SUNDAYS. WANAKA HOTEL 8.30; ARRIVE DUNEDIN 6 p.m. WEDNESDAYS AND FRIDAYS. AARD ROBB’S AARD (Weekly Dunedin, Roxburgh) (Daily Beaumont. Roxburgh). AARD ANDERSON’S AARD. TAXI SERVICE, CROMWELL. Trips Arranged Any Part New Zealand. Cars Meet All Trains PUBLIC NOTICES ABRIDGED PROSPECTUS Of THE molyneux electric gold dredging company (LIMITED). A Company intended to be Incorporated under the Provisions of “The Companies Act, 1908.” CAPITAL - - - - £9,000 Divided into 9000 Shares of £1 each, of which 250-9 Shares fully paid up will be allotted to the Vendors, as part consideration for the Claim and Dredge. Six thousand five hundred shares are now offered on the following terms: 2s 6d per share on application, 2s 6d per share on allotment, and the balance in Calls of 2s 6d per share at intervals of not less than one month. Provisional Directors: MAGNUS WHITEFIELD JOHNSON, of Dunedin, Advertising Agent. SAMUEL LAWN, of Dunedin, Company Manager. Consulting Engineer: E. FLETCHER ROBERTS, A.M.Inst.O.E., A.M.I.M.E. Brokers; Messrs QUICK & SMITH, Dunedin. OBJECTS OF THE COMPANY. The object of the Company is to acquire from the Gold Development Corporation (Limited), a claim approximately I 5 miles long, situated on the Molyneux River, below Alexandra, formerly held by the Sailor’s Bend Company and the Good Chance Company, together with the dredge now moored thereon. RICH DEPOSITS. Extracts from the Report of Mr R. T. Stewart, Mining Engineer: Immense deposits of auriferous alluvium once filled our valleys, but these nave been swept into the rivers, and the gold and heavier sands they contained left in the river bed. • The Molyneux River —world-famous for its richness —with its tributaries, has proved on© of the richest and most extensive areas yet discovered, but it is quite safe to say that only a small proportion of the gold it contained has yet been won. The river has served as Nature’s Giant Tail Race, by means of which countless millions of tons of auriferous gravel have been sluiced away, leaving the gold behind. After its junction with the Manuherikia River—another rich tributary—at Alexandra, the Molyneux flows through what is known as the Alexandra Gorge towards Roxburgh, a distance of some 20 miles. For about 12 miles of this distance the river bed has been proved to be enormously rich. A light type of dredge, seriously underpowered for its work, on a stretch of the river known as the Sailor’s Bend Claim, about three miles below Alexandra, yielded some rich returns when the dredge, with the river at its lowest, was able to cope with the travelling drift and to reach the bottom wash. The portion of the claim referred to as having been worked is at the upper end of the claim. Tho work done at the lower end proved the ground to bo rich, but too hard to be worked with such a light typo of dredge. To give an indication of the richness of tho claim, it is only necessary to refer to some of the returns which such a light type of dredge was able to win, when the conditions were favourable. During the winter of 1907 the following weekly returns were secured by this dredge: 3600 z lOloz. 1560 a. lOOoz. 750 z. 104 oz. 760 z 103 oz. 48oz. 51oz. 450 z. The Good Chance Claim, which joins tho Sailor’s Bend Claim at its lower end, is subject to the same conditions as those described in referring to the Sailor’s Bend Claim. , , ~ . , , , • The Good Chance Company s Dredge, within four months of commencing operations, won returns which enabled dividends amounting to 10s per share to bo paid. .1 larger dredge, which cost £9480 to*™’ purchast,d lifted on to the Claim, and since it was acquired only two chains of the claim have been dredged, and yielded over 800 oz of gold. The dredge is now moored over and almost ready to commence operations upon a continuation of this ground. The conditions should enable the dredge to win good returns during t e ptesen winter season. . . , , rsiftnr Consideration is being given to a proposal to install on the dredge • Suction Gravel Pump, which will enable the bottom to be reached with the at its summer level, and dredging operations to be continued all the year ro ■ The Suction Cutter Dredging Plant will be capable of cleaning up the 8° from off the bottom, beyond tne reach of tho buckets, and one can onlv guess the richness of the returns which will bo forthcoming when this new plant is pu in operation in the Alexandra Gorge. . . , Now that electricity is available for motive power and special machinery can bo obtained which will enable the bottom to be reached whatever the height of the river may be, it must b© admitted that with tho large now dredge now on the ground and the river lowered to an unprecedented level by the operation of the Kawarau Company, the success of tho Company seems assured. The dredge has been under the care of a competent dredgemaster during its full period of inactivity. A report on its present condition (it is built of kauri and bluegum) is quite satisfactory, and can bo inspected at tho Office of the Brokers. As mentioned above, the machine cost £9489 originally, and to-day a similar dredge would cost a very much larger sum. POINTS TO NOTE. L The ground has been tested and proved. The old-time methods secured thousands of ounces of gold on a fraction of the claims, during short periods of the year only. , , . , , , 2. New and up-to-date methods should permit of every yard being worked, and to a depth previously considered impossible. 5. The Company is ready to commence operations almost immediately. Coal is on the ground, and a crow fias been engaged. 4. The Company possesses the only dredge on the river. 5. It is intended that electric power shall eventually replace steam plant, thereby reducing working costs very considerably. ... „ 6. The gold returns, as mentioned in tho above report, were obtained by a mere toy” of a dredge. It is reasonable to suppose that greater and even more lucrative returns will be available with the larger machine. 7. The history of the Sailor’s Bond and Good Chance Claims is good. 8. Dredging having been in abeyance for so long, the quantity of drift travelling in the river has reached a minimum, therefore ono of the most serious handicaps with which dredges heretofore had to contend is now non-existent, so that tho whole capacity of the dredge is made available for the lifting of the gold-bearing wash. 9. Large number of tho shares have already been bespoken, and in a groat majority of cases, by persons well acquainted with mining. The Complete Prospectus, giving val. ablo information, together with the agreement with the Vendor, Memorandum and Articles of Association of the Company, and the original reports on the dredge by Mr E. Flcfcher Roberts, consulting engineer, and Mr E. M'Donald, dredge master, may be inspected at the office of Messrs Quick and Smith, Dunedin, at any time during office hours while the subscription list remains open. Applications for shares should bo made on the form accompanying this Prospectus (see below), and should be sent to the brokers, together .with a remittance for the amount payable on application. Whore no allotment is made the application money will be returned in full. ■ Prospectus and forms of application may be obtained from the Brokers. Priority of application will receive consideration. APPLICATION FOR SHARES. To the Directors, The Molyneux Electric G_old Dredging Company (Ltd.), P.O. Box 266, Dunedin. Gentlemen, — I hereby apply for and request you to allot to mo shares of Ono Pound each in the Capital of the above-mentioned Company upon tho terms of the Prospectus of such Company and of its Memorandum and Articles of Association. I enclose tho sum of £ being a deposit of Two Shillings and Sixpence per share on the shares applied for, and I agree to accept such share or shares or any lessor number that may he allotted to me, and I authorise you to enter my name on the Register of Members of the Company in respect thereof, after incorporation. I declare that I am not, and that I have never been, an alien enemy within tho meaning of the War Regulations in force in Now Zealand, and that I am hot applying for such shares on behalf of an alien enemy. Dated this day of 1925. Signature in full Address Description of Occupation

rp HE BARGAIN SALE OF THE TEAR DOUGLAS BERNSTEIN & CO., LTD., “THE WHOLESALE WAREHOUSE.” 10 DOWLING STREET (Next Post Office), DUNEDIN. TO CLEAR OUR STOCK WE ARE OFFERING OUR STOCK AT RTmrTT LOUSLY LOW PRICES, IN MANY INSTANCES LESS THAN HALF WHOTE SALE PRICE. WHOUiSLINES THAT WILL PAY YOU TO BUY. 1000 yards 54-inch GABARDINE, 'beautiful duality: Mole. Nigger, Grev F*»m Worth 14s 6d to 17s 6d yard SALE PRICE, 6s lid yard. y ’ 500 yards 54-inch COVERT COATING: Light and Dark Fawn, Kingfisher WnHt 16s 6d yard. SALE PRICE, 8s 6d yard. , = , ” ner - Worth 500 LADIES’ SKIRTS, smartly made, Tweeds and Gabardine. Worth 14s fid -o. 6d. SALE PRICE, 6s lid. . 5 i9s 250 WOOL JUMPERS, New Designs, Long Sleeves. Worth 14s 6d to 16s fid SArw PRICE, 10s fid. 0G - aAEE 150 ART SILK JUMPERS, All Colours. Worth 13s 6d. SALE PRICE 8s lid 75 WOOL KNITTED COSTUMES, Large Variety of Shades. Worth 75a t n SALE PRICE, 635. n 103 t 0 84s--500 Beautiful VELOUR COATS, All with Fur Collars; Navy, Nigger Mole Fawn. Worth Bgns. SALE PRICE, £5 19s fid. ’ Grey ’ 65 WOOI. CARDIGANS, Fawn, Navy. Peacock. SALE PRICE, 11s 9d. 100 MEN’S DARK GREY TWEED OVERCQATS. Worth 69s fid. SALE PRICE 42.; 6d. ’ 150 MEN’S WOOL CARDIGANS. Worth 12s 6d SALE PRICE Ps lid 40 dozen LADIES’ VESTS, Lace Edging. Worth 6s lid. SALE PRICE’ 4a fid 75 Beautiful GABARDINE COSTUMES, Navy Nigger. Fawn, Cinnamon: Worth 6 to 9 "ns. £>9s od. 75 DAINTY SILK EVENING AND SEMI-EVENING FROCKS. Worth 5 to 6 guineas. SA.LK irlviLl 4 v. 4 os od. 30 DOZEN LADIES’ EXTRA HEAVY RIBBED SILK HOSE, WOOL FEET- mole grey, black. Worth 8s lid. EXTRA SPECIAL VALUE, 3s lid. ’ ’ CASH SHOULD ACCOMPANY COUNTRY ORDERS. MONEY RETURNED IN FULL IF GOODS ARE NOT SATISFACTORY. 0 G G & CO., LTD., ROBERTS STREET, DUNEDIN, Timber Merchants and Importers, Sawmillers, Joinery Manufacturers, Steam Benders The Largest Stocks carried in Dunedin, including Rimu, Matai, Hardwoods Yellow Pine, Oregon, Hemlock, Plywoods, Plaster Board, and Bentwood’ Material. ’ The Premier Door—“ H. Co., Ltd., D., Dominion”—Figurwl or Plain Rimu Oregon, and Redwood, is manufactured i rorn Kiln-dried Timber. Catalogues of Designs on application. Quotations given for all classes of Building Material, Joinery, and Bentwork Timber cut to specification and supplied from Dunedin Yard Stocks or BUSH MILLS: PORT CRAIG AND TAHAKOPA. A& J. WATT, Princes street South.— , 3ft Bedstead, with Wire Mattress, 47s fid; Full-size Bedstead and Wire Mattress, 75a. •A & J. WATT, Princes street. —Suites . Re-covered in Moquette, Shadow Tissue, and Tapestry. Prices on application. WATTS’ Princes street. fim OTAGO WITNESS. Largest Country Circulation of any weekly in the I,'ominion. Found in every farmhouse in Otago and Southland, and circulating largely in Canterbury and northern rural districts, it offers unrivr.llcl facilities for Ad'titising anything of interest to country readers-