Page 3 Advertisements Column 2

Tuapeka Times, Volume XVII, Issue 1028, 29 March 1884, Page 3

PROSPECTUS 07 mHE GREAT EXTESDED GOLDMINt 1 IHG COMPANY (Limits©), Blub Spub, Tuapbka. To be Registered under the provisions of " The Mining Companies let, 1872," and " The Milling Companies Act 1872 Amendment Aot 1883." Capital, £17,000, divided into 17,000 share* of £1 each, payable 2s 6d per share on application, 2s 6d on allotment, and any further calls that may be necessary to be at the rate of one shilling per share, at interval! of not less than three months. It is not anticipated that more than 15s per share will be called up. PHOVISIONAI, DIBBOTOBS— Mr R. Geibvb, Merchant, Blue Spur. Mr H. C. Clattok, late Manager of the Perseverance Company, Blue Spur. Mr E. Johns, Manager North of Ireland Company, Blue Spur. Mr John M'Labbk, Manager Amalgamated Company, Blue Spur. Mr GrLBEET Ralston, Great Extended Company, Blue Spur. Mr A. M'Nab, Nelson Company, Blue Spur. Mr D. M'lktosh, Great Extended Company, Blue Spur. Mr A. M'lntobh, Great Extended Company, Blue Spur. Mr M. Fbaeb, Merchant, Lawrence. Mr G. O. Tatlob, Chemist, Lawrence. Mr A. M'Kinlat (of Herbert and Co.), Lawrence. Mr W. Ittbnbttm. (of Turnbull and Co.), Lawrence. Mr T. Arthub, Merchant, Lawrence. Mr H. T. Gobrib, late Manager Bank of New-Zealand, Lawrence. Mr A. G. Moobf, Contractor, Victoria. BANXBRS— Thb Banx op Nhw Zbaiand. somcitobs— Messrs Haggitt Bbotubbs & Bbbkt. BBOKBBS— Baitikgs, Lbabt & Co., Dunedin ; Abbucklb, Eobbbtsok & Co., Lawrence. MANAGER AKS SECBBTABT— Mr Johk Mobbkok, pro tern. This Company is formed for the purpose of urchasing and working on ah extended basis the claims known as the Great Extended and Hales and Hinde's, and situ* ted at the famous Blue Spur, at the head of Gabriels Gully. The price to be paid to the present proprie tors for the claims, comprising 14 acres of auriferoui land, together with plant and ma chinery, ereotfld at a cost of over £7090, and valuable water rights, is £11,250 ; in part pay meut of which they will take 2000 thares m. the Company, upon which 15fl p r share shall have been registered at paid up, and the balance of the purchaso-money as may be arranged with the Company. In the past these claims have been worked at a great disadvantage, owing to the peculiar way in which they were originally taken up. The frequent transgression of boundaries has been from the first a prolific source of litigation, resulting in a serious loss to both owner* By working the two claims under the one proprietary, and the erection 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 situated near the centre of the basin forming the Blue Spur, and embrace nearly the whole of the gutter, where, as ii veil known, the richest cement 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 and certificate can be seen at the office of tbe Brokers. The extent of the auriferous ground being so great, it is estimated that, using the present appliances for working, the claim could not be exhausted in less than 50 years. As an indication of the value of the cement it may be stated that it was assessed by the Court in June 1880, in giving judgment in an action between the Extended Company and Messrs French and Company, at twelve shillings and ninepence per cubic yard, and the amount of the verdict was based upon that value. In November 1879 an encroachment dispute between the Great Extended Company and Messrs Hales and Hinde was settled by the payment of 25s per cubic yard, after deducting working expenses. As a further test of the value of the claims, a return has been prepared from a statement furnished by the Bank of New Zealand of the quantity of gold purchased from the Great Extended Company, and from the books of the late firm of Hales and Hinde. The following are the figures : — til «1 fi S I I *3 a" | a, "° W CO Jj. i 5 •<$ g~ a" i si ss g Ha ■< _ • & .5 s s w I * § I | The foregoing results have been obtained in the case of the Great Extended Company with a crashing power represented by a five head battery for 18 months, and a ten-head battery for the remainder of the period, Messrs Hales and Hinde using a 20-head battery the whole of the time. Arrangements have now been made .to amalgamate with the adjoining Claim (the North of Ireland) for the purpose of sluicing a large area of surface cement, which, although well known to be highly auriferous, could not be sluiced to advantage prior to the amalgamation. It is seldom the public have an opportunity of investing in a mining property, the value of which is so. well attested by past operations as that owned by this Company, and which will yield handsome and regular returns, commencing at once. Applications for shares wil! be received by the Brokers, from whom any further infor* mation reqeired nay be ob'.ained. The share-list will dose on 15th April. FOB SALE. A FIVE HEAD BATTERY, with Shed &c., in goo 1 working orAer.— For par ticulars, apply to QUILTBR & MI CALL, Waitaiiun* Gtully.