Page 19 Advertisements Column 4

Otago Witness, Issue 1917, 17 August 1888, Page 19

Late Advertisements. FKOS PECTUS OF THK ROXBURGH AMALGAMATED MINING AHD SLUICING COMPANY (LIMITED). To be incorporated under the provisions of *' The Mining Companies Act 1886." Capital ... ... £45,000, In 90,000 shares of 10s each, of which the Vendors agree to take 30,000 shares in-parb payment of their several properties, the remaining 60,000 shares being offered for public subscription on the following terms — viz., 6d per share on application, Is on allotment, 6d one month, and 6d two months thereafter, and the balance as required in colls not exceeding 0d per share at intervals of not less than one month. Provisional Dirkctobs: Hon. J. M. Larnach, 0.M.G., M.H.R., The Camp, Peninsula Hugh S. Valentine, Bsq , M.H.R., Gore Vincent Pyke, Esq., M.H.R., Dunedin Andrew Loughrey, Esq., M.H.R., Chrißtchurch Richard H. J. Reeves, Esq., M.H.R., Nelson Richard M. Smith, Esq., M.C.C., Roxburgh Joseph Haughton, Esq., Roxburgh John H. Waighth, Esq., Roxburgh Charles S. Reeves, Esq., J.P., Duuediu. Bankkrs : The Bank of New Zealand. Solicitors : Messrs Smith, Chapman, Sinclair, and White. Brokers : Jabez Burton, Esq., J.P., Roxburgh J, Ahvent Chapman, Esq., Princes street, Dunedin A. G. Fenwick, Esq., Dunedin Jas. Henderson, Esq., Hereford street, Christchurch Messrs Reeves and Co., Nelson P. Brennan, Esq., Reef ton William Duncan, Esq., Hokltika Messrs Arthur Warburton and Co., Wellington. Temporary Offices': Cheviot street, Roxburgh. The Roxburgh Gold Mines are situated on the East bank of the Clutha river, opposite the Township of Roxburgh. They comprise Seven Working Claims, held by separate mining parties ; and it is now proposed to amalgamate these tor their more economical and efficient working. These mines are alluvial, the terraces being composed of gravel and sand, deposited in remote ages by aqueous action, as explaiued in the report of Pr»essor Ulricli, F.G.S., in ".Geological Explorations," 1883, besides the reports of H. A. Gerdon, Esq., the Government Inspecting Mining Engineer, and W. L. Simpson, Esq., late Warden of the Otago Goldfields, which are attached to the Prospectus, and are of a very favourable nature. The properties have been reported upon by Thos. Hedley, Esq., Hydraulic Mining Engineer, a highly qualified expert in sluicing from Mitta-Mitta, in the Queen's District, Victoria, who, in his report, says after recommending certain works to be undertaken by the Company : — " To carry out the required works will [practically cost £10,000. " I estimate that this plan will be capable of dealing with 1,000,003 cubic yards per yeat, at a cost o£ £8000. " I estimate that the yield will be from 6d to 8d per yard, and equal to £30,000 value per annum — affording an annual profit of at least £20,000. " I have every coniidencein the payable na the ground, and the area is so extensive that years' working under the most favourable circu stances will not exhaust it. " The amount of money required to openfche mine in a complete manner is unusually small when compared with the vastness of the venture. " I am confident if the ground be properly opened up— water scheme extended so as to command ab the high level all the available water, and the whole directed efficiently— the returns will exceed my estimate, and I have no hesitation iv recommending the venture with every confidence." Beside the water races which have been coni Btructed at great cost by the original owners, there are several " dams " on the ground for water Btorage, j and a large quantity of mining plant, valued at i £2500, all being included in the purchasing price. These are in good working order, and available for. immediate operation; indeed, they are now lnu.se and all the new plant required is hydraulic piping and more effective gold-saving appliances. The price asked for the whole of these, mines is £35,000 in cash and paid-up shares. By the substitution of " hydraulic " sluicing for " Burface " sluicing, the output can easily be, quintupled, and improved gold-saving applianoes will certainly double the proportionate yield. Under such conditions the mines would, it 3s estimated, produce from eOQOoz to 7000oz per annum for the next 150 years at least. It is worthy of note that any amount of water can bo obtained from the Teviofc river from auy desired elevation up to 2580 ft. Prospectus and forms of application for shares may be obtained at the Offices of the Brokers oc B.mkers of the Company. The share list will bo positively clesed on tiie 31nfc day of August. j3 au GRASS SEEDS. CLOVER SEEDS. TURNIP SEEDS. SAMUEL ORR & CO., STAFFORD STREET, i DCNEDIN, ! WOOL, GRAIN, & PRODUCE BROKERS. WE have much pleasure in advising hating just landed our season's supply of the above, ex "Westland," and solicit intending Purchasers to examine our Samples prior topurchasing, as we feel sure they will give every satisfaction. We have some line samples of Machinedressed Perennial Ryegrass, Cocksfoot, , aa local grown Timothy. We the germinating qualities of all o Seeds, so that their growth is certain. We have also much pleasure in advismg being appointed SOLE AGENTS IN DUNEDIN Fop the Celebrated ALL STEEL DEERING HARVESTER And ' •■" -' BINDER, And we are now prepared to Book Orders fc* nest Season. Only a Limited Number coming, forwardi so Early Application necessary.