Page 14 Advertisements Column 1

Sun (Auckland), Volume 1, Issue 86, 2 July 1927, Page 14

9 Miles River of Bed Abridged Prospectus of the HARTLEY a„d RILEY Consolidated Gold Dredging Company, Limited, (To be incorporated under CAPITAL, £75,000 The Companies’ Act, 19438”,). Divided into 1,500,00/) Shares of One Shilling each, payable 3d per Share on Application, 3d per Share on Allotment, 3d per Share in six months after First Allotment Meeting, and 3d per Share last and final call 12 months after First Allotment Meeting. The minimum number of shares to be applied for is 400 (£2O worth). PROVISIONAL DIRECTORS: GEORGE GLADSTONE MARRIOTT, Merchant, Auckland. HENRY JAMES SMITH Engineer, AuckTHEODORE DUFTON MOFFAT, Retired, Gore. CONSULTING ENGINEER: R. A. McLINTOCK, C.E.M.1., Mech. E., Extra First-class Certificated 8.T., 90 Princes St., Dunedin. BANKERS: BANK OF NEW SOUTH WALES. SOLICITORS: MESSRS. HOGG, TONG & PLAYER. 15, Customs Street East, Auckland. AUDITORS: Messrs. Chambers, worth & chamBEI/.S, Public Accountants, Shortla n/i Street, Auckland. BROKERS: S. THOST.NE GEORGE, Government Life Insurance Building, Queen Street, -J.uckland (and Members of Auckland Stock Exchange). INTERIM /JECRETARY: ARTV.I’R H. KITTO, 505, Southern Cross Building, Chancery Street, Auckland. (Telegraphic Address: Kitto, 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, 0 miles of which is held under license dated 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 worth). 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 871 b. weight of gold in one winter. Later the small dredges obtained wonderful results, but the dredges were incapable am l totally inadequate to successfully work this 9-mXhe stretch and nothing but a powerful, up-to-date dred'ge is capable of getting the gold out of the deep crevfijces 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 cf its kind, in the world, and this will be acquired at a cost off round about £50,000. This new dredge, which will 7oe fully capable of dredging 55ft. below the waterlime and of tearing up the rough crevices on the river bofAom, will, it is practically certain, be operating next winter. A Wonderful Opportunity for all This i’s a Limited Liability Company and you are liable only for the nominal value of the number of shares you Y.ake up; therefore, if you apply for 400 shares, you are liable only for 400 shillings (£2O) and no more. Thjfr; presents a wonderful opportunity of taking part in an unusually attractive proposition. Wonderful Prospects of Success Cl wing 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 Company’s new dredge gets working. Even with the old light dredges merely scratching, weekly returns of over llOOoz. 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 £5 the second and final call 12 months after the first allotment meeting. PROSPECTUS AND FORMS OF APPLICATION Can be obtained from any branch of the Hank of New South Wales, Mr. S. Thorne George, Broker or the Company, or any member of the Auckland Stock Exchange, or from the Secretary. Application for Shares To Che 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 alcove Company in terms of Prospectus, for which I enclose 3d per Share Application Money. i Name Address Occupation Date

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