Page 8 Advertisements Column 2

Ohinemuri Gazette, Volume I, Issue 43, 8 October 1892, Page 8

PROSPECTUS OP THE immL DOLnims mm, (Limited) Karang-ahake. (To be registered under " The Companies"Act." CAPITAL ; . £20,000, In 20,000 shares of One Pound each. Nil paid up. 10,00) shares are retained by the owner of the Imperial Licensed Holding, and 10,000 placed npoa the market at One Shilling per share. The whole of the 20,000 shares to then be upon the same basis, and receive dividends or pay calls in exactly the same manner. Of the £500 realised by the sale of 10,000 shares £250 is to be paid to the owner of the Imperial Licensed Holdiug, the balance to go to the com-* pany's fund account, after deducting expenses of floatage. It is proposed to form the Imperial Gold-mining Company, under the NO LIABILITY clauses on the above-mentioned term!*, for the purpose of acquiring and working the Imperial Licensed Holding, at Karangahake. The Imperial Licensed Holding, a well-known mine situated at Karangahake pomprises an area of 10a. 2r. 4p. It is peg and peg with that most successful mine the " Crown "rrnow without exception the most promising holding on the whole of the Thames Peninsula. The ground was taken up by Mr Robert Clements in 1887, and has been continuously worked ever since. Through its very heart runs the Ohiiiemuri County Tramway, connecting with the Crown G.M. Co.-s tramway and new plant, and ore can thus be taken the the Crown Co.'s works for a merely nominal figure.; A large amount of work has been done in the claim, over £1200 having already been expended by the present owner in opening up the ground, Three levels have been put in,- and other good dead work done. There are a large nnmber of reefs through the ground; these being proven gold-bearers. Crashing** from No. 1 leader— which is 18 inches wide—■ have turned out at the rate of 2oz to the ton, good value gold by the old battery treatment. No. 2, at present being worked, is from sto 6 feet in width, and the last criyshing, made in Mr MeCombie's battery, resulted in a return of about soz to the ton. A bulk test made by Mr John McConnell; ofcthe Crown <IM. Co., returned for half ion ore at the rate of 3oz 6dwts 23^r3 gold, and 28oz 16dwtt 13grs silver par ton—value £17 8s per ton. A parcel of about 2 tons, heated in the Parkes furnacs yielded at the rate of £20 per ton. Assays made by Mr Bhodei on July 14, 1887, returned as follows:— w Q*n ( Gold : 20oz Bdwt Bgr ) __ £16a v M ,'' No. 330- | Silver . 5?60z ldwt 12gr j ~£l6B It 6d K rt <m iGold: ledvrfc Bsrra ) =£12 Is 9d ' • • No. 333— Si , Ter . 68oz 16dwt | *" is m « „, sGold:26ozl2dwtllgrs \ = £ 170 16 " N0.334— | Silvei . : 4280z 15dwt ) */U ■ : ;. .. •w mi- ( Gold: 48oz lOdwt 4s:r \ ~ n.->nft t<s- in '" No. 335 \ cs-i oe oj i. o~- I sssb-vb IOS 1U ---„ < ixv. vvo Silver: 85oz Bdwt 2^r ) — « QW i Gold : 25080z 6dwt 4 err ) _A m lOfi ,"- lnA No. 336- J g ilyer . lO9Ooz 14dfc 2Ogx j -£10,196 16s lOd . - ' -*- It is proposed to drive a tunnel to intersect these reefs at a low level. Mr G.-Nv-McGruer, mine-manager of the Crown G.M. Co., is now preparing a report which will b=? pnblished in a few days. The ground is, as will be seen, splendidly situated, well opened np and proven, and is the most l*na fide investment ever opened. Payment will be taken as follows: —Sixpence on application and sixpence on allotment. Early appli r,»ions will seqnire to be made to the, Secretary ad interim.- The following is the provisional directors and officers»,and aa soon as the capital is fully subscribed—which is expected to be done in about 3 weeks from date—the shareholders will meet and arrange further programme as to the election of manager, officers, and directory. PROVISIONAL DIRECTORS: T :^\ LL , Messrs John Phillips, jr., Willliam Hollk Alfred Shepherd, James Corbett, ] and' W. Littlejohn. SECRETARY (ad interim): Mr Edwin Edwards. ,"r TREASURER: Mr John Phillips, junior. , ,' SOLICITOR: • Mr J. A. Miller. BANKERS: The Bank of New Zealand.' Forms of application and proxy forms may be obtained from therSecretary, vv EDWIN EDWARDS.