Page 7 Advertisements Column 1

Poverty Bay Herald, Volume LIII, Issue 16376, 25 June 1927, Page 7

Miles of River Bed Abridged Prospectus of the HARTLEY and Consolidated Gold Dredging Company, Limited. (To be incorporated under "The Companies' Act, 1908"). stani-TAI Divided into 1,500,000 Shaves of One' Shilling CAPITAL _ ... ;„ a ,.„k ;„„ an £75,000 Divided into 1,500,000 Shaves of One 1 Shilling each, payable 3d per Share on Application, 3d per Share on Allotment, 3d per Share in six months after First Allotment Meeting, nnd 3d per'Share last .and final call 12 months after First Allotment Meeting. The minimum number of shares to be applied for 400 (£2O worth). PROVISIONAL DIRECTORS: • GEOBGE GLADSTONE MARRIOTT, Merchant, Auckland; HENRY JAMES SMITH, Engineer, Auckland. THEODORE DUFTON MOFFAT, Retired, Gore. CONSULTING ENGINEER: R. A. MeLINTOCK, C.E.M.L, Mech. E.,' Extra First-class Certificated 8.T.. DO, Princess St,. Dunedin. BANKERS: BANK OF NEW SOUTH WALES. SOLICITORS: MESSRS. HOGG, TONG. & PLAYER, 15, Customs Street East. Auckland Objects To acquire and work by dredging 9 miles of the famous Molyneux River, commencing at the junction of the Kawarau and Clutha Rivers, immediately below the "town of Cromwell, 3 miles of which is held under license elated the 14th day of September, 1926, and the balance under application to the Company. The Vendors agree not to sell any of their fully paid up shares until 12 months after the registration of the Company and are also applying for 100,000 Contributing Shares. The qualification of a Director is 10,000 Contributing Shares. (£SOO ivorth). The Famous Hartley & Riley It is well'known that this stretch of the river bed carries good gold, as was proved in 1862 when Messrs. Hartley and Riley, two miners suffering terrible hardships, panned off in dishes and cradled out S7lb. weight of gold in one winter. Later the small dredges obtained wonderful results, but the dredges were incapable and totally inadequate to successfully work this 9-mile stretch and nothing but a powerful, up-to-date dredge is capable of getting the gold out of the deep crevices and breaking-up the rock bottom of the river bed. A Leviathan Dredge The Company is planning to build the most modern and most powerful electric river dredge of its kind in the world, and this will be acquired at a cost of round about £50,000. * This new dredge, which will be fully capable of dredging 55ft. below the waterline and of tearing no the rough crevices on the river bottom, will, it is practically certain, be operating next winter. AUDITORS: MESSRS. CHAMBERS, WORTH & •CHAMBERS, Public Accountants, Shortland Street, Auckland. BROKERS: S. TIIORNE GEORGE, Government / Life Insurance Building, Queen j Street, Auckland (and Members of Auckland Stock Exchange). INTERIM SECRETARY: ARTHUR H. KITTO, 505, Southern | Cross Building, Chancery Street, Auckland. (Telegraphic Address: Kitto, Auckland). A Wonderful Opportunity for All This is a Limited Liability Company and you: are liable only for the nominal value of the number of shares you take up; therefore, if you apply for 400 shares, you arc liable only for 400 shillings (£2O) and no more. This presents a wonderful opportunity of talcing part in an unsually attractive proposition. Wonderful Prospects of Success Owing to the fact that the Company has now secured a further 6 miles of river, making 9 miles in all, wonderful prospects of rich returns are now practically assured. ' The fact that in the past such wonderful returns have been secured from the bed of the Molyneux River with small, light dredges will give some idea of what must be expected when the Companv's new dredge gets working. Even with the old light dredges merely scratching, weekly returns of over 1 lOOoz. were obtained on more than one occasion. Summed up, the prospects for success of the new Company are wonderfully bright. The fact that large numbers of applications for shares are being received from the South Island, and from Otago in particular, give some indication as to the faith Southern investors have in, the' proposition. Several thousand pounds worth of shares have already been applied for and taken up, and early application on the part of intending investors is necessary. Easy Terms of Payment Every man and woman should apply at once for-a parcel of these shares. The minimum number will cost only £5 deposit on application, £5 after the Company goes to allotment. £5 the first call 6 months after the first allotment meeting, and £"> the .second and final call 12 months after the Jirst allotment PROSPECTUS AND FORMS OF APPLICATION Can be obtained from any branch, of the Bank of New South Wales, Mr. S. Thome George, Broker for the Company, or any member of the Auckland Stock Exchange, or from the Secretary. Application for Shares To the Directors of Hartley and Riley Consolidated G.D. Co., Ltd., 505, Southern Cross Building, Chancery Street, Auckland. Please allot me Shares of One Shilling each in the above Company in terms of Prospectus, for which I enclose 3d per Share Application Money.

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