Page 8 Advertisements Column 3

Southland Times, Issue 19173, 18 February 1924, Page 8

T” ■ COAL JR Profits in “Black Diamonds” The Opportunity of a Lifetime Coal, th< r ery basis of our civilisation, the foundation on which Industry stands, a necessity to all nations. Good times or bad, the country must have Coal. Here is an offering to the public, never made before I 2,400 ACRES OF COALFIELD. AMPLE DEMAND. The Morley Collieries Limited offer you a splendid # The demand for coal from adjacent mines haf opportunity to share in the development of 2,400 acres increased by leaps and bounds—from I 7,463 tons ift of coal-bearing land on which mines are already profit- 1918 to 136,876 tons in 1923. During the current ably productive. financial year the demand has increased still further and is 16 per cent ahead of last year. There is a steady and GIVING THE PUBLIC A CHANCE. increasing demand for Birchwood Coal in the North Herein the Morley Collieries Ltd. gives the public because of its su P erior c ’ uality ’ the first and probably the only chance to participate in a ESTIMATED PROFITS 30%. public company, the other mines in this Southland District On a basis of £] 2 0,000 capital and calculating for being privately owned, or private companies. ou tp U t of 75,000 tons of coal per annum, Mr. Leitch 14,000,000 TONS OF HARD COAL. estimates a net profit of 22 per cent.—income tax allowed for. But since only 9?,UUU shares are being The Morley Collieries Ltd. propose to take over a issued, on which the estimated call up is not more than lease of the mines, seams, veins and beds of coal, under- 10/- to 15/- in the £l, 30 per cent, profit represents lying 2,400 acres (allotments 13, 14, 15, 16, 17, 18, 19 a conservative estimate. and 22) of the Birchwood Estate, Southland, the whole As a guide to investors, it may be pointed out that of which is occupied with coal measures, according to a £1 shares of one of the mines in the vicinity have been report made by Professor Park of Otago University. Of sold for £4 each by Public Tender. proved coal, Professor Park estimates the amount to be SOUND DIRECTORATE over 14,000,000 tons of hard brown and pitch coal, within an area of 320 acres. Speaking of llie provisional Directors are men of standing—--1,600 acres to the East of this proved area, Pro- W. D. Hunt, Esq.; R. J. Gilmour Esq.; C. J. Brodnek, fessor Park declares he is confident that boring will R'z-'Y’ c^. ay ' ' F- Hawke, M.L.C.; prove it to be valuable coal-bearing land. Of the areas H ;_ Vickery, Esq.; Dr. J. Garfield Crawford; Wm. both to the East and West, the Professor estimates that Macalister Esq. To show local confidence in the project the tonnage of coal probably amounts to many score ° ver >6,000 shares were reserved in Southland before the million Prospectus was even issued. FINDINGS SUPPORTED. TWO CLASSES OF SHARES. •n. . • 1 Shares are offered to both classes of investors—and New Zealand experience; and by Mr. A. S. Gil- for the ’"vestor who prefers a defimte yield and a landers, one of the Managers of the N.Z. Coal and Oil ° f safcty : a ” d 75 .000 Shares on ~ • tz . \/r the following terms —Preference Shares, 3/- per Share ompany s ga a ne. on a pp]j ca ti on , balance on allotment. Ordinary Shares. THREE THICK SEAMS. 3/- per Share on application, 2/- per Share on allotment, „ t . i. . 1 ... balance as may be required in calls of not more than Separate reports by the two experts show that the 2 /- per share month . 4 estate is situated along two basins—the fJhai and the Orauea, underlying which are three thick seams. In the PROSPECTUS, MAPS, PLANS. ’ 3 feet _* icl L; Wrfte for prospectus containing reports on the middle seam is 9to 30 feet thick, the lower 7to 9 feet property, maps and plans for workings. Use the coupon / thlck - __ ocr.ee Mine below. An opportunity of this kind has never been /' 26 BORES MADE. p | aced before the ordinary investor . In the Orauea Basin the upper seam is 12 feet thick; Prospectus obtainable from any member of a middle seam, 28 feet, and lower seam, 9J feet thick. Stock Exchange affiliated to the Stock Exchange y Of 26 bores made, 24 range from 50 to 506 feet deep. Association of New Zealand; any Branch of One in the Orauea Basin is 1,1 79 feet deep. These bores the National Bank of New Zealand Ltd.. clearly indicate the continuity of the seams discovered. or the Company s Interim Secretary, Mr. 1 Nrt <MAFT NFPnrn R ’ B ’ CaWB, Dee Street - Invercargill. / ICST UUt NO SHAFT NEEDED. y thil INo shafts need to be sunk in working the field. On / this point the three experts reporting have agreed. All z’ UOUDOII • recommend tunnelling as a practical and much cheaper method of working. / To the Inte rim Secretary: Mr. R. B. CAWS, Dee Street, Invercargill. M Kf ? Ifl • • ■ ■ fl Please send me Prospectus of Morley Morley Collieries Ltd. / Name. Southland, New Zealand. /' Address ' < Write P laiDly

‘Dry’ mustard is like a wet squib. No snap. No good. Mustard without cold water completely misses the point.

VELOX REGULAR —tor Flat Negatives special fr I —for All Others rERE’S a big rratisfaction in seeing bow good a print your flattest negative gives on Regular Velox—and a still bigger satisfaction in seeing the splendid print your best negative gives on Special Velox. Latest Price-list Free OF ALL KODAK DEALERS Local G. H. BROWN. Chamirt—Uta Npfft MpaW*. Kodak MACAUSTER « CO, Cbemta. Dealon: G. L MOFFETT. CbemiaL

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