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I.l ■ ... ■■'■ :' '. .kogh^oj: •'.' /. .■■;.... " . .01 ten%it'A'-- '03? *'<"? ''02p ' , ,v«r:\r- amd a::(' .Ifiacu-ibip " jo jOJßudoaj;B[o^ ill hi 5-!th;fjif»'{ <rf^ «-:iitncrisy^jr/VT-y' -no'-^ rii i - rr ■_ -'■■ ;.^'-*»C'::i((WYHaai :--- -I: i- ! • .'i,: :?:i^ BAOIfiSbkK: 'jKT BXBIZX SagHl HOIHAI HO*) 'Pictoni J andi* Shakespeare Bay ■«:;aT cr!i v,-:.'i-Lf(.frj;j_'.-iLcu;;;i-;';/. ;r7r:^ '::r: ~-J j THE SHARE LISTS f#the above Oomi panjr GfiOSfc on the 20th Instjlnt! Therefore earlj application is neoessarj. } uum^dvA iwrt herd o^ e^GBOUTT I l^llT .. l ; r:;::;fL .(!fTr .j^L,•'?»*««!■'" f JOHNSTONS UNITED MINING fi Company, Limited, j< .! GOLD-MININft asd MINERAL LEASES, ' l BjSDSTEAI) GtiiT, V ..: IfojrnfAL OiPirAl': dB2QJOOO, in 20,000 Shared • of £1 "(each ;of theee 1,668 are Paid up; are Siibeoribed for; and the" Balance •':' 6J656; upon which 2s ?id'per Share is Paid 'up, are offered to the PtJBHO at 3s per f"Bhare.- ■■ ; ■ •""■■■ ■ ' ■••-■^■« r- '■ :■ ■- ; DIBEOTOBS : -Megsrß. BITKKT, PABKEB, Paimbe, Fbanzen, Akdeeson, Johnsxoh, and ■ Jones.; ..-:. ••:• .•-: .■ -... ■ .-.■■... ;-r ! ; Ljqal Manages :A. D. Batfeild. ■ ' T EASES comprise Mineral Lease of 97 acres, Lj within which is a Gold Mining Lease of 16^ acres; these Leases cover ground originally held by the "-Perseverance,'.' " Decimal," and other Companies in Bedstead Gully, Collinglwood, and contain metaliferous deposits of ; Gold, Silver,' Copper^'Leadj" and Zinc; believed to be mi vast quahtitiesj and easily procurable by judicibui nianagement—for the , last yoar the Company have steadily : been ' prbving the Mine. ■ ■>■■ ■> ; Part of the Sou-Western Corner of'this ground was. worked by-the '.' Perseverance,*' Jirid,' to a a very small extent, also the " Deoi:mal'! Company,^ from which (by statements of these Companies) it is shown, that £12,000 tforth of Gold was procured from a very small piece of ground, the " Decimal Company "alone givjng £2000 from a space of 15 to 20ft., pide menio from tho'late Mr Buckerjdge/ the Legal Manager of thft '• Deoimal Company," to Mr Johnston. Mr Bdckeridge further states that his Company .were unable to work their ground owing to'great jealoaaies between the two Companies, and the high charges imposed uponthem by the " Perseverance Company for the. use of the water and the right to work from the " Penaverance" ground: Mr Buokeridje ooncludes his memo: by saying, " but owing to the great expense ' whioh.it appeared would be necessary, and to the Company's' Capital being exhausted, the olaim was ultimately abandoned, although the Shareholders and others believe that there is : v large amount of Gold on their own and tho. -' Porseveranoe' claims." ' l ' • I The "PerseveranbeI'-Company" worked (heir ground from an incline shaft, and having inadequate pumping apparatus', were prevented from continuing work, 'a report of Mr J^CiHiohmond's-tb the Shareholders of the "Perseverance Company," adrooated operations from; either BedUsad Gully or ?Kellj>.Creek. The Directors of "Johnston's United Company " have; had an exhaustive,! survey, made and numerous levels takeu by Mr Bouhfort, 0.E., and hare determined on acting on Mr Eochfort's advioeto put in a tunnel from Kelly'a Creek, and Tenders are now called to drive 400 ft., when the Quartrßeefi should be first met with, this drive willalso.thoroughly'drain ; the ground; ■ y.lfaat. outßide of;the Southern. Boundary ther« i», an. outpropj, of Silver Ore, dipping" : toward* the Company's ground ; this has aot r been worked,!.althqughr; spe'eimens assayed . gave a yield of over lOOzs.. per tou of ore. j A : dep««it or ( l<jdc, 6ft. .wide, .containing Yellow Sulphate, of Copper in .large, jquantity,'■. was ; found ■> ia t:. th« , .*' Pe.rseveranpe'J Ooatpmy's " ground', and found,.by .assay yielii. abdut ,30percent.of Copper, and.'it: was 'tilsq found jrieh in.gold. : Assajoraturnii-.'o'f 'Gtalenaihave? •given... oTor,,. ; 7o j:j per!;qsat, of .Lead "and ,3Qozs.! ijHyJßr^tqjthe-t0g,,.; ; ,. ; _~./,; V ;',;. 'J t '."".""' ' p '] j :'' The \line is an exceptionally good, property • •the failure of former Companies is traceable to a very r great t» the, v jwanfc o,f- ex pe'rienoed control:over, those working in the Mine, (and proper economy : in woriing expenses. \ ;■: ;It is expected .that .no further ) call will; be required.other than towards':maoliinery—esfci-' mated ; cost £ 1000. Calls ; cannot' exceed : 2d per ruontb, and no : cjill will, ba required for at least six months. V .•■:V^'-'.'-./-..--. ;: ' ''.•.'.*: I ,":-. ;k In inviting the Publio to take Shares, the Directors assure ,inteadipg-.;invostorß that! no •ihorbitanti outlay,.will, bo made in cast of getting.thesejShareS;takenup/preaant holders. are fully determined to prosecute work', and«ts. a guarantee 6t'g66As faith, have, by resolu, tiijWauVj recorded, agrjed to withhold deal:; ingjwith their^Shares for afleast-two'^months >; * r Many of 'the"old;:workirigs^piirti(jularly the,. incjiHod shaft, will prove of value in the reppinifig'.ofjthie^MmeV^ s:i;;- '~;:"y '.; ;:;:; | ;•..-.■ ,*'"' AppHea'tioDS' fdr vSharesimu? fc; '&ecpmpanied by a depo»it of la per Share, arid a lurther payment of Is per Share-will be: re-.. qiiired on allotment, and the balance of Is per Bhar« three mouths after date of allotment^ f or:a discount of ;2J percent wilt be allowed to any pergon making full payment of the 3»per Share on applicaiion ; the whole of. the proceeds from the sale of these Shares will 'be eipended in deTelopiag the Mine. I ; .; ApplicAtroris for Shares: will not be received after the 25th August, and owing to the Very low price asked, ai againsfc.the ; known value ;of/thß-;prpp(Brty, : tbeb|reetoMr*serfe-'to w tjieipßr selves ta« rigbt ; of ploßiog list of Subscriben ipriorlto'.thej^Sth.AugustJ^; *~' ..'.^ \ c [\'"■_;' \.; L Erom the oharaoter of the undertakingj and Us certainty of suocess, no ddub't exists j»«to lth«, profit.that;will ensue^ ri^V J ■;',, , ■ Applications for .sliares to bo made to A. .0. Bayfeild, Broker, Hardy street, Nelson.: ; ; Liabilitiei of the Company, under £50i ■■•i^M-:./:,:^^<^^A- t ;;:r..;u';; \ 2°5 ~JL :in convenient '■\oaiiiij.l[t<3to6d'Gtirdea r ■:, Appljr-/1-!»,'*{pffiee'j'of ( .th'is paper. l ;';''; '■' \ ~,i -3 . QEOTlO^S'eSZ^na'e^Tdwn of PIQTON ta*sJsio:-ki\titfl "til!>"-i\n£i•<;<_£! tfi-i j ■■■-:<.,'...,,■ i ■■•:■■ ;a > i l:slki .. ;

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TC18810813.2.32.2

Bibliographic details

Colonist, Volume XXV, Issue 2932, 13 August 1881, Page 6

Word Count
888

Page 6 Advertisements Column 2 Colonist, Volume XXV, Issue 2932, 13 August 1881, Page 6

Page 6 Advertisements Column 2 Colonist, Volume XXV, Issue 2932, 13 August 1881, Page 6

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