Page 3 Advertisements Column 1

Tuapeka Times, Volume XVII, Issue 1024, 15 March 1884, Page 3

PROS PBCTUS OP OIHE GREAT EXTENDED GOLDMINX ING COMPA <V (Limited), Blub Spur, Tuapeka. To bo Register, d under tho provisions of " The Mining Companies let, 1872," and '* Tho Miiing Companies Act 1872 Amendment Act 1883." Capital, £17,000, divided into 17,000 shares of £1 ench, payable 2s 6d per share on application, 2* 6d on 'ullotment, and any further calls thnt may be necessary to bo at the rate of one shilling per share, nt interval.* of not less than three months. It is not anticipated that more than 15s per share will be called up. PKOVISIONAL DIRECTORS — Mr R. Grieve, Merchant, Blue Spur. Mr H. C. Clayton, late M:vn»ger ol tho Perseverance Company, Bluo Spur. Mr E. Johns, Manager North of Ireland Company, Bluo Spur. Mr John M'Lauen, Manager Amalgamated Company, Blue Spur. Mr Gilbert Ralston, Great Extended Company, Blue Spur. Mr A. M'Nab, Nelson Company, Blue Spur. Mr D. M'lntosh, Great Extended Company, Blue Spur. Mr A. M'lntosh, Great Extended Company, Blue Spur. Mr M. Fraer, Merchant, Lawrence. Mr G. O. Taylor, Chemist, Liwrence. .». Mr A. M'Kinlay {of Herbert and Co.), Lawrence. Mr W. Tuknbull (of Turnbull and Co). Lawrence. Mr T. Arthur, Merchant, Lawrence. Mr H. T. Gobrib, late Manager Bank of New Zealand, Lawrence. Mr A. G. Moorr, Contractor, Victoria. BAIOCEnS — The Bank of New Zealand. solicitous— Messrs Haooitt Bkothers & Brent. brokersBastings, Leart & Co., Dunedin ; Abbucklb, Sobeutson & Co., Lawrence. MANAGER AND SECRETARY — Mr John Morrison, pro tern. This Company is formed for the purposo of purchasing and working on an exf ondovl b isis the claims known as the Great Extended and Hales and Hinde's, and situated at tho famous Bluo Spur, at the head of Gubriols Gully. The price to be pai.l to the present proprietors for tho claims comprising 14 acres of auriferous land, t >getber with plant, nnd ma chinery, ereot*d nl a cost. i»f over £7090, and valuable water rights, is £11,250 ; in p*rt p iy. meut of which they will fciko 2000 -hurts in tho Company, upon which 15s p r share shall have been registered a* paid up, and the balance of the purchnse-money as may be arranged wilh tho Company. In the past these claims have been worked at a great disadvantage, owing to tho peculiar way in which they were originally taken up. The frequent transgression of boundaries bus been frura the first a prolific source of liliga-, tion, resulting in a Ferioiu loss to both owncr^j By working the two claims under the one proprietary, and the ere tion of improved machinery, a much greater quantity of cement can be crushed than hitherto, and at an estimated saving of 25 per cent, in labour aione. The claims are si'uated near the centre of the basin forming tho Bluo Spur, and cm. brace nearly tho whole of tho gutter, whtro, as is well known, the richest Ct-mcnt has hitherto been found, Messrs Connell and Moodie have recently surveyed the claims, and certify the quantity of cement standing on the Company's ground to be 2,231,500 cubic yards. Their report aud certificate can be seen at the office of the Brokers. The extent of the auriferous ground bring so greut, it is estimated that, using Ihe present appliances for working, the claim could not be exhausted in less than 50 years. As an indication of thevnlue of thn cement, it may be stated that it was assessed by the Court in June 1880, in givir g judgment in an action between the Extended Compauy and Messrs French and Company, at twelve shillings and ninepenee per cubic yard, stnd the amount of the verdict was based upon that value. In November 1879 an encroachmnt dispute between the Great Extended Company and Messrs Hales ani Ilinde was settled by the payment of 25s per cubic yard, after deducting working expenses. As a further test of the vnlue of the claims, a return has been prepared from a statement furnished by the Bank of Now Zealand of tlie quantity of gold purchased from Iho Great Extended Company, and from the books of the lato firm of Hales and Hinde. The following ure the figures :—: — SI! I « 1 S § a - 1 as IS "S _ . . »» ,IS T-l T* f-l =" v „ on » «> oo *3?5 *> . Q »>. r-l £.%* " O CD » cj, go ' fco a* - a" g_ _^ >S x <3 ; , ' " ' .-O ■" .& <*> = i- | g «- a . ® 2 ** C 5 W The foregoing results have been obtained in the case of the Great Extended Company with a crushing power represented by a fire head battery for 18 month?, and a ten-head buttery for tlie remainder of the period, Messrs Hales and Hindo using a 20-head battery the whole of the time. Arrungemcnrs huvo now been made to amalgamate with tho .adjoining Claim (the North of Ireland) for the purpose of sluicing a Hrge ore* of surface cement, which, although well known [o be highiy auriferous, could not be sluiced to advantage prbr to the rmalgamation. It is seldom the public have an opportunity of investing in a mining property, the value of which is so^well ott'sted by past operations as that owned by this Company, and which will yield handsome and regular returns, commencing at onco. Applications for shares will be received by the Brokers, from whom any further information required may be obtained. The share-lisl. will close on loth April.