Page 14 Advertisements Column 2

Sun (Christchurch), Volume I, Issue 85, 16 May 1914, Page 14

Me* iTfMildEM^aMMfeK* The Ohinemuri Gold and Silver Mi Limited PREAMBLE. The promoter, in approaching the flotation of the present Company, does so with a full sense of the responsibility attached to a work of this kind, which involves asking capitalists to stake their money in an undertaking which is as yet in its infancy. But he has made the most searching investigations, with the aid of scientific authorities of the first water, ami' herein submits the full particulars without fear of challenge of any scientific authority in the Dominion. He is aware that in the past, in connection with gold propositions, gambling speculation has overpowered the judgment of Promoters and Directors, and wasted the assets of shareholders, thus resulting in disaster to the Companies concerned. In some instances Promoters and Directors have been entirely misled by experts who were either incompetent or otherwise unreliable. This has shown itself in.various ways in New Zealand. In other cases blind plunging has led to the expenditure of fortunes in buildings and plant, before development work has 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 haying been found, the capital of the shareholders has 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 into the net, to their ultimate ruin. . A large section of the investing public are equally to blame for plunging into ventures of the 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 prey to generations to come. • -With-a good knowledge of the history of mining in New Zealand, and a due sense of the responsibility,attached to the promotion of a mining company, every endeavour has been put forward by the Promoter of this Company to (1) Ascertain the,true state of the assets now offered in this Prospectus, and for' this purpose ; ~,'■• .' . , , (2) To securest-he-report and advice of an engineer of the highest standing ''.' and wide practical 1 experience, .... . ... ■ (3) To frame a plan of development that will adequately test the values /and extent of the ores, ami safeguard the capital of the shareholders, 6h sound commercial lines/and free from every clement of- gambling. (4) To keep the .cpntrol : of. the Convpany in the haiids of men who will develop it in the-best interests of the .shareholders find, restore the public confidence in a class of -investment 'which will, yet prove .to be one p'f the greatest wealth-producers, of New Zealand.-' (5) 'To.secure the services of a,. Manager whose i>resenco will be a.'guarantee - ■< ' thatvthc capital will.be expended in a sound,.-economical,' practical, and scientific manner, so as to produce the best possible results. . The preliminary investigatiQ.iis, and practical, tests, necessary to justify the production of this Prospectus, a-nd"the flotation of the..proposed-,-Company., have covered a pcriofl of twelve months, of ...which'the last two months have been occupied by Mr E. IV Adams,, the, welbkiiown- and" highly-trusted Mining Engineer,'ijti. examiuing and sampling the exposed reefs, conducting surveys, and. framing a plan of.development and-.estimates of expenditure necessary to"the successful development of the mines.?. • ■ ■ < • ■ '• ■ lie"commends to you his report,'which forms.'part of the Prospectus. Cognisant of the responsibilities as,stated' above, and with inside information of the rare prospects of our mines, which information has been known only to the Directors, their advisers, and the Promoter, he launches this; Prospectus with the satisfaction of knowing that, we have--acted Conscientiously'in ascertaining all the facts of the case possible for .man to ascertain, and lias-withheld' nothing from the knowledge .of-those whom he invites to become shareholders. The net result of our investigations can be'..summed up in the statement made in the first part of Mr Adams's report.:— '"The Mine has bright prospects, and shows by favourable indications a capacity to reach big mine standard, with moderate outlay in prospecting and development." To enable prospective shareholders to make themselves 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 group of-prospective shareholders desire to send an expert to inspect on their behalf, the Promoter will bo onlytoo pleased; to afford every, facility to ' such : Our Minihg Engineer, Mr E. F; Adams, will be available/ oh ; reasonable notice'being given, 'to; accompany experts or groups of prospective shareholders, and make every point dear, fie.is authorised to give fullest > inforniatiou possible. , Auy« bona;.fide prospective subscriber is at liberty to take samples from.the drives and haAe their bwn assays inade. The Directors are so satisfied as to the genuineness and prospects of the mines, that they leave- the door open for the closest. Scrutiny. Appointments for inspection should be made-with .the Company's Secretary,, Mr J. B. Sheath, Queeu Street, Auckland. ■.'/., ' ", . . * . (Sgd.) .DAVID WHYTE, .•>'.'"'' % Broker.