Page 10 Advertisements Column 2

Ohinemuri Gazette, Volume I, Issue 45, 22 October 1892, Page 10

PROSPECTUS OF THE imperial 'ooiD-ionn oobuy,(Limited) Karanguhake, (To be registered under " The Companies Act.") CAPITAL '. . £20,000, In 20,000 shares of One Pound each. .-Nil paid up. 10,000 shares are,rer tamed by the owner of the Imperial Licensed Holding, and 10,000,placed1 i^pon the market at One Shilling per share. The whole of the 20,000 shares, to,fchea :fceupou the same basis, auci receive dividends, or pay calls in exactly the *apae manner. Ot the £500 realised by the sale of 10,000 shares £250 is to be paid to the owner of the Imperial Licensed Holding, the balance to* go. to the comfpanj'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 terms, for the .'purpose of Acquiring and woiking the Impkbial Licensed Holdiug, at Kararigahake. The Imperial Licensed Holding, a wellfknowu mine situated at Karanga'haikc comprises an area of 10a. 2r. 4p. It is peg and peg with that,most,sucic^sfai ! mine ihe ' Crowu " —now without exception the most promising holdiug.onjthe whole of the Thames Peninsula. The ground was taken up by Mr Rotieitf 'Clements in 1887, and has been continuously worked ever since. Throughji* very heart runs the Ohiuemuri County Tramway, connecting... with the;;Orow,a G.M. Co.'s tramway and new .plant, and ore can thus be taken to the Crown Coi's works 'for a merely nominal figure. A large amount of work has beep don© in the claim, over £1200 having already been expended by the present owner ,ip opening up the ground. Three ievels have been put in, and other gopd dead work done. There are a large number of reefs through the ground, three'being proven goLl-hearers. tCrashiugs ftocn No. 1 leader— which is 18 inches.wade-— have turned out at the rate of 2oz to the ton, good value gold by the old battery treatrm-ut. Wo.-2, at present being worked, is from sto 6 feet in width, and the last Crushing, made in Mr McCombie's 'battery, resulted in a return of about sqa to the ton. A bulk test made by Mr John iVieConnell, of the Crown QM ; Co., returned for -half ton ore at the rate of 3oz 6dwta 23grs gold, and 28oz 16dwts 13grs si.ver per ton—value £17 bs per ton. A parcel of about. 2 tonsj treated in the Pai kes furnace yielded at the rate of £20 per ton. Assayg made by Mr -Rhode* on July 14t, 1887, returned ;as .follows : — -nt Q^n j Gold : 20oz Bdwt Bgr ) _ P , fifi 1a --, No-33°-[ Silver :576ozldwtl2gr j -£168 1- 6d No. 333- j?.^ : Vf* fj™ f =£12 1« 9d t^ilver-: 58oz lodwt ) ■vr , w CGold: 260z 12dwt llgrs j «,h rt „• : 4280z lodwt ) tvt <x*k ( Gold : 4Hoz lOdwt 4irr ) nanrir in JNo. 335— ] c,., ■ oe . o , .« > —£'206 16s 10 ( Silver.: Ssoz Bdwt 2gr j — V OQ- j Gold : 25080z 6tlwt 4or ) n, nin ,,» IAI JNo. 360 — j c .. • Inrn „, „n >=i 10,196 16s lOd ( Silver:: 10(J0oz L-idt 20gi J It is .proposed <^o drive a tunnel to interriect these reefs at a low level. Th» ground is, as will be seen, splendidly situated, well opened np nnd proven, and is the most bona fide investment ever offered. Payment «ill be taken-as follows-; —Sixpeuceon application and sixpence on nllofmet. Early applicarions will require to be made to the Secretary ad interim. The following'sire the provisional directors and officers, and as soon as The cipittil 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 df manager, officers, and directors. ' V PROVISIONAL DIRECTORS: . . „. ' Messrs JOHN PHILLIPS; Jr., WILLIAM UObLIS, ALFRED SHEPHERD!, ; -JAME : 3 CORBETT, akd W. LITTLEJOHN. - -- .; SECRETARY (ad interim): .M-b EDWIN EDWARDS. TREASURER: Mb JOHN PHILLIPS, Jin. SOLICITOR: Mr J. A. MILLER. BANKERS: THE BANK OF NEW ZEALAND. Forms of application and proxy forms may be obtained from the Seere'tary, EDWIN EDWARDS. , Share list -will k closed on Saturday, October 29.