Page 4 Advertisements Column 2

Ohinemuri Gazette, Volume I, Issue 44, 15 October 1892, Page 4

PROSPECTUS *OP THE ' • ' mm mmn ontin, (Limited) Karangahake. (To be registered under " The Comp«ni«i A<ct.">) CAPITAL . , £20,000, In 20,000 shares of One Pound each. Nil paid np. 10,000 shares are re-*, tamed by the owner of the Imperial Licensed Holding 1; and 10.000 placed upon the market at One Shilling per share. The trho'e of the 20,000 shares to then be upon the same basis, and receive dividends or pay calls in exactly the Mime •manner. Of the £500 realised by the sale of 10,000 shares £250 is to be paid to the owner of the Imperial Licensed Holding 1, the balance to go to the company's fund account, after deducting expenses ot floatage. It is proposed to form the Imperial Gold-minino Company, under tire NO LIABILITY clauses on the above-mentioned teim«, for the purpo»« of acquiring and working the Impleul Licensed Holding, at Karangahake. The Imperial Licensed Holding, a well-known mine situated at Karangahake . oomprisesan area of 10a. 2r. 4p. Ir is peg and peg with that most successful mine the " Crown " —now without exception the rnoit promising holding on the whole of the Thames Peninsula. The ground was taken op by Mr Robert Clements in 1887, and hns been continuously worked ecer since. Throngh iti very heart runs the Ohmemuri County Tiamwny, connecting with the Crown G.M. Co.'s tranaway and new plant, and de c»m thus be taken to the Crown Co.'s woiks for a merely nominal figure. A large amount of work hah been done in the-claim, over £1200 haviu already been expended by the present owner in opening np the ground. Three levels have been put in, and other good dead work done. There are a large number ol reefs thiough the ground, three being proven gdld-hearers. Crashings fiom No. 1 leader —which is 18 inohes wida — have turned out at the rate of 2oz to the ton, good value £old by the old battery treatment. No. 2, at present being worked, is from sto 6 feet in wridtl^and the> last crnthing, made in Mr McCombie's battery, resulted in a let'tirn pfabon.t soa to the ton. A bulk test made by Mr John ( MoConndl, of ihe, Crown'ft M.,C0.,' returned for half ton ore at the rate of 3oz Griwts 23gr-.,g01d, and .28oz 16dwts I3grs si.ver per ton—value £17 8s per ton. ' A parcel of about 2 tons, »reated m, the Parkes furnace yielded at the rate of £20 per ton Asaayi made by MrVßhotjef \_ on July 14, 1887, returned as follows: — . . , ,\ __„.__,,, , , T •,- s xr *** (Gold:26nz 12dirtllgpa |__ £170 , fi " ' -^ . N0'334-{Silver: 428ozlSdwt j —£1/0 16a _ ', K0.335-!^ ld:4 B t Zl ß °?^9 4-r |-£'206 16, 10 ■ ' ( Silver: 85<iz Bdwt 2*v ) — , < , . .. , to- oo • 4 Gold : 250H0z 6<lwt 4ur ) i»t amc ic-ioa " • * Tfo. 33d- ,j Si , ver . mQoz Udt 2Ogl j -£10,196 16s T i • ~< - It is proposed to drive a tunnel to intersect these reefs at alow level.' 'The ground is, as will be seen, -splendidly piruated, well opened np and provejij, and ' ia the moat bona fide investment ever (offered. [Pavin nt will be taken- as follows: —Sixpence on application and .sixpence on jtllo't»»inet., Early applications '- will require to be made to the Seoretaiy ad interim. The following is the';' provisional directors and officers, and as soon asKhe capital is fully subscribed—^ '■■ whidh is expected to be done in about 3 weeks from date!—the^shaieholderi wili:' v meet and arrange farther programme as to' the election' of mahag«r, officers/ - and directjw. l t ' . '. '■' -' •■• jrlf "'• —^ ' : - ■ • . ■■—~'h /. vPROVISIONAL DIRECTORS: ' ' * T « M ™ > Messrs JOHN PHILLIPS, Jr, WILLIAM HOILIS, ALFRED SHEPHBR% JAMES OORBETT, and W. LITTLEJQHN. r , . "' > ; '_)■■! o i i btCRETARY («* taurim): /V, , , t ... .w - v Mn EDWIN EDWARDS. .«' ' •- -\ ; TREASURER: • ''} ( , J Mr JOHN PHILLIPS, Jra. . r . '^ 7 SOLICITOR: !w l r '- '' ' ' , Mr J. A. MILLER. 'r-: ' - 1 r -; r ,' ; . '" " • <><! ' ' "'" BANKERS:^" '" - -^ l'B '-vf ''*' THE Bk^iK OF NEW ZEALAKB. Forms of appHcation and|)roxy forms may lac obtained from the Secretary, „ v eorniß n • WIN EDWARDS;^ . ■' J >