Page 19 Advertisements Column 5

Otago Witness, Issue 1911, 6 July 1888, Page 19

, Prospectus , the vendors refused to listen to any proposal on such a basis, consequently the negotiations fell through. The venders have'sfnee had a second offer on similar lines, but it was refused on the same grounds as the first one.. The lease in MAuley and Cos. lease varies from 4ft to 9ft in width,, with a veil-maintained average of 7ft. Tho lode within the Mount Highlay Company's holding is smaller (it averages about 4ft); and carries fine gold 4n payable quantities. MAuleys lode is exposed, has been prospected and proved to'be highly auriferous for over a quarter of a mile in length . Recently the lode has been picked up abont 2^ miles east of the claim. It is there over 6ft in width, and carries gold in quantities computed at at least loz per ton. The Mount High Jay Company's reef can be traced' along the surface for fully half a mile, maintaining an avernge width of about 4ft the whole distance, and carrying a payable percentage of gold. Water is abundant nearly the whole year round, and the experts propose that, as the facilities for devoting this to .the aqrvice of the .company by an insignificant outlay are of a really exceptional character, the whole of the motive power for propelling the machinery Bhould be derived from a water race situate at an elevation of at least 200 ft above ,tho site of the battery, and only requiring the erection of not more than 30Oft of iron piping in order to deliver the water into the hurdy-gurdy Pelton wheel which will generate the driving power. By making good use ot the water race referred to, the whole cost of rairing quartz and reducing it at Ihe battery will not exceed 10s per ton. In other words, stone yielding only, 3dwt of gold per ton will pay all the expenses contingent ( n the working of the claims. The reefs in question are in the vicinity of some of the most iamous alluvial deposits in Central Otago— to wit, the Four-milo Diggings, Fullarton'a, and Hyde, and the inference is that the fabulouslyrich golden supplies of tbe two former diggings were fed by these and other lodes known to exist in the locality. It is proposed to erect appliances of an entirely novel character, co far as Otago is concerned, for treating the quartz and working the claims, arrangements having been entered into to. obtain a Huntiugton centrifugal roller quartz mill, with rock breaker, Frue ore concentrator, an Ingereoll eolipae rock drill, &c, all of which have bsen proved to bo valuable adjuncts to quartz mining in America, different parts of Victoria, New South Wales, and Queensland. It will be noted that the total cost of the whole of this machinery, erected on the claim, will not exceed £2000, and directly everything is in readiness it only remains for the company to commence reducing golden quartz, no exploiting whatever being necessary. It will thus be seen that the prospects of the company are of the most promising description. There is no doubt whatever that dividends will be forthcoming at regular intervals immediately after the erection of the necessary machinery. The opportunity, it may be said without exaggeration, is one that offers to investors the prospects of immediate returns and lemunerative dividends, combined with the certainty of si area acquiring a material value above par a3 the undertaking gradually becomes mo-e developed. The attention of intending investors is drawn to the experts' repprt annexed hereto, on reference to which it will be seen that the anticipations of the prospectus are based on particularly sound grounds. Applications, accompanied by a deposit of 6d per share, may be forwarded to any of the brokers of the company, or to the Bank of New South Wales, Naseby. r In cases where no allotment is made, the deposit will be returned in full ; and where a leBS number of shares is allotted than shall have been applied for, the balance of the deposit' will be applied toward tho further payment accruing on the shares which may be allotted. As n large number of shares have already been subscribed tor, immediate application is necessary. In the event of the capital being over-subscribed (which is quite possible, in view of the applications already in hand), a pro rata distribution of shares will be made. No application for less than 20 shares will be received by any of the brokers. Any further particulars mny be obtained from any of the brokers of the company, from whom also copies of the prospectus, with the experts' report annexed, can be secured. The Share List will be CLOSED on MONDAY July 23, 1888. ' 21 ju Public Notices. FOR SALE (cheap) one of Halstead's Selfregulating INCUBATORS. — Prictor» agent, North-East Valley, 29ja ~WT IS TORS TO SYDNEY. ROBERTS' IIOTEffi, GEORGE AND MARKET STREETS, SYDNEY. This magnificent hotel is lighted by electricity H-.id possesses everyjmodern convenience and comfort. It is t beautifully furnished, and situatert in the very centre of the city. For apartments, address the Secretary. To Cliecscmakers. WANTED, by tho Wyndham Dairy Factory Company, a thoroughly competent CHEESEMAKER— Cheddar system— for ensuing season. Probable output, 150 tons. Applications will be received either on contract or salary, and to be addressed to the Undersigned not later than 16th July. All communications treated strictly confidential. • Particulars on application to I. W. RAYMOND, 22ju Secretary. GRAIN ! GRAIN I GRAIN! SAMUEL ORR & CO., WOOL, GRAIN, & PRODUCE BROKERS, And SEED MERCHANTS, Stafford Steeet, Dunedin. (In Premises lately occupied by Messrs Murray, Roberts, and Co., and nearly opposite Provincial Saleyards.) CONSIGNMENTS of Wool, Grain, Grass \y Seeds, Chaff, Sheep and Rabbit Skins, Tallow, &c , and all Farmers' Produce received for Sale on Commission in Dunedin, or Shipped to London or Australia if desired. LOWEST CHARGES AND PROMKC RETURNS. We have for Sale all Farmers' Requisites-— vis : Woolpacks, Cornsacks, Seaming and Binding Twine, Clover and Turnip Seeds, Fencing Material, Guano, Sheep Dip, &c. • We. have 'much pleasure in announcing our being appointed SOLE AGENTS in Danedin for the Celebrated" ALL STEEL DEERINQ HARVESTER and BINDER, and; we are now prepared to Book Orders for next Season.' 'Only a Limited Number coming,, so Early Application^ ;necessary. ,".,;,<-' ,-',>-< . W / "¥ |