Page 11 Advertisements Column 1

Sun (Christchurch), Volume I, Issue 83, 14 May 1914, Page 11

ABRIDGED PROSPECTUS OF The Ohinemuri Gold and Silver Mines Limited PREAMBLE. , ; ' r The promoter, in approaching the flotation of the present Company,; does so with a full sense , of the responsibility attached to a Avork of this kind, .which involves asking capitalists to stake their money in an, undertaking which is as yet in its infancy. But he lias; made the most searching investigations, with .the aid of .Scientific authorities of the first water, and herein Submits the full without fear of challenge of any scientific, authority in the Dominion, f He is aware that in the past, in connection .with' gold • propositions, gambling speculation lias overpowered the judgment of Promoters and Directors, and wasted the. ,of shareholders, .thus resulting in disaster .to the Companies, concerned. - - . . . - In some instances Promoters and Directors have beteri entirely misled by 'experts who were either incompetent or otherwise unreliable. This lias, shown itself in ways in New Zealand. ' ■ ' ■ lii other cases blind plunging has led to the expenditure of fortunes in buildings and plant, before development work lias been done to ascertain if there is sufficient ore in sight to warrant such expenditure. The subsequent development works, having proved the absence of such ore, there remained enormous buildings and expensive plant buried in the mountain passes, a. monument to the blundering actions of the responsible parties concerned.... In yet other cases, indications of ore having been found, tlie capital of the shareholders lias been absorbed in buildings instead of utilising it to produce,* positive ore reserves, and thus justify the further expenditure in buildings. In still further cases sheer criminal gambling has been,at the bottom of all the trouble, and unsuspecting people have been lured 1 into the net,'to their ultimate ruin. A large section of the investing public are equally to blame for plunging into ventures of t)ie kind without taking , ordinary business precautions, and making sound investigations.before risking,the money. •' Thus the mineral wealth of New Zealand,'.which/by..the way has only.yet* been scratched # on the' surface, is left a monument"to our folly, and a jjrey to generations to come. . . . , ■;. - . • r " With a good knowledge of tli.e history of mining iff Now Zealand; and a due. sense of the responsibility attached to the promotion of a mining company, every endeavour been put forward by the Promoter'of Cdmpiany to (1) Ascertain the true state of the assets now offered in this Prospectus, and for this'purpose (2) To secure the report and advice of an engineer of tlie highest standing and wide practical experience, (3) To frame a plan of development that will adequately test the values . and extent of the ores, and. safeguards the capital of-the shareholders, 1 - on sound commercial lines, and free from every element of gambling.. (4) To keep the, control of the Company in the han v ds of men who will develop it in the. best interests of the sharehpiders and restore the public confidence in a class of investment. .which •.will yet prove to be one of the greatest wealth-producers of New Zealand. (5) To secure the services of a Managefr whose presence will be a guarantee -; : that tiie capital will be expended in ; a' soundy economical, practicalj and - 'scientific 'manner, so as to produce the best possible, results. The -preliminary investigations, arid practical tests, necessary to justify the production of this Prospectus, and the flotation of tlie proposed Company, have covered a period of twelve months, of which'tlie last tw6 months have been occupied'by Mr E. F. 'Adains, thfe; well-lcriown and highly-trusted Miriing JEn--gineer, in and sampling the exposed reefs, .cpnductihg surveys, alrid • framing 'a .plan; "of development estimates \pf ,expepditiire necessary" to the .successful' - deveiopment of 'tiemines.. *-s r s ' He commends to you his report, which'f6iW' pai% of the Prospectus. . Cognisant of the responsibilities,as,stated, above,iand inside informa-' tion of the rare'prospects of our mines, which information rhnsbeeh-known only to the Directors, their advisers/ and the Promoter, he, launches this Prospectus with the satisfaction of knowing tliat we h.ave, acted; conscientiously, in ascertaining, all the facts of the case possible for nian.to ascertain, and lias withheld nothing from the knowledge of those whpnf he invites t'o become shareholders; -The net result of our investigations can be summed up in the statement ■ made'in the first part pif Mr Miiif "has bright prospects, and shows by favourable indications a capacity to reach big mine standard, with moderate outlay iii prospecting and development." , ■To enable prospective shareholders to make personally acquainted with , the property, arrangements have been made whereby any bona fide investor can visit and inspect the mines. . Electric light has; been, installed in the drives, and one of the Company 's employees is. in attendance to conduct visitors over the works, thus affording every facility for minute inspection. •' . If ; any;grpup:odf prospective shareholder^desire to send ah expert to inspect on their .behalf,-the. Promoter .will be only too pleased to afford every facility to such expert. Our Miijfng Engineer, Mr E. F. Adams, will be available, on" reasonable notice being given,, to accompany experts or groups of jirospe'ctive shareholders, and make every point clear. He is authorised to give fullest information possible. Any bona -fide, .prospective-' subscriber is at liberty to •take samples from the drives and-have their own assays * • The Directors are so satisfied .as to the genuineness and prospects .tf the mines, that theyleave tiie door open for the closest scrutiny. Appointments for inspection should be made. with the Company's« Secretary,. Mr J. B. Sheath,-Queen Street/Auckland., ' / , ; ' v , ' (Sgd.) DAYI-D WHYTE, .Broker.

According to' tli6 v ' Chemical News,' \ a "wood which will never rot has been* found in that of-the mangrove. For four .years pieces .of mangrove wood have been lying in , soaking pits at Collonges, France, surrounded with all the elements susceptible of . producing the decomposition and rotting of wood i 1,1 a ' minimum of\r\^i/ie; but they have 11 ot yet -shown signs of alteratipn. The quality is due to?,the closeness of its grain and the large quantity of tannin it contains. Mangrove wood resists twice a<s much bending strain as oak; it is easily worked and is not brittle.