Companies. PaOSPE 0 T U S OF THE UNITED EXTENDED GOLD MINING COMPANY (Registered). Capital, £7500; in 3750 shares of £2 each. Manager (pro tern) — Mr Watt. Bankers — Bank of New Zealand. Solicitors — Mcsbrsßecs & Tyler. The United Extended Gold Mining Company, having obtained a grant of nine acres of ground upon the Kanieri Flat, proposes to work the same upon the system found to be the most advantageous both in Victoria aud New Zealand. The nine acres belonging to the Company includo all the claims immediately surrounding the Star Engine, together with a very large block of sound and unbroken ground, known to be highly auriferous. The main reason why the rich claims above mentioned have thus been thrown into a company, is that owing to repeated disagreements the engines have ceased to work, and there is now no effectual drainage on the Kanieri. The Company have secured the Star Engine and plant together with the centrifugal pumps, aud it is proposed to raise sufficient capital to purchase a 40horse power engine, witli which to work the centrifugal pump for the draining of the Flat, and to use the present Star Engine to- raise the dirt. The ground is to be worked upon a large scale, and machinery is, to a large extent, to supersede the past expensive system of hand-labor. As even under the old system, the whole of the ground, now held by the compan}', lias been proved to be rich enough to give good »vages, and much of it able to afford over L2O per week per man, it is reasonably anticipated that large dividends will be declared. It is proposed to sink an entirely new shaft in the new ground, and then proceed to lake out the wasiidirfc from a Jarge and unbroken face. Even if there be no second or true bottom, there is sufficient gold at the present level to repay any rioderate outlay of capital with a handsome margin of profit ; but if, as is generally believed, there be other layers of washdirt below the present workings, the shares in this company will prove of very great value. The capital of tha company will be L 7500, in 3750 shares of L 2 each. The present shareholders will sell their interest for 1250 paid-up scrip, leaving a value of L 2500. Two thousand five hundred shares will be placed in tho market for sale, and the work of the companj r will commence as soon as a sufficient number of these- shsires are sold. The shares will be paid for as follows :—los: — 10s on application, 10s ou allotment, and the balance by two calls, one and two months after the date of allotment. 5631 PROSPECTUS OE THE MANCHESTER UNITY HALL COMPANY (Limited). Registered under the Joint Stock Company's Act of 1860. Capital, £2000 ; in 400 shares of £5 each. £1 to be paid on application, and the balance by monthly instalments of £1 per share from the date of allotment.
Provisional Diiiectotjs — Mr William Henshaw, Mr William Reuben Goodrick, Mr Walter Thorn, Mr William Gawne, Mr Charles Thomas Malpas, Mr William Eraser Ross, Mr William Henry Pennington, Mr James Turner, Mr Daniel Lynch, Mr Patrick M'Guire, and Mr Joseph Wyinark Allen. Bankers — Bank of New South Wales. Solicitors — Messrs Button and Reic 3 . Secretary (pro tern) — Mr William Reuben Goodrick. Temporary Office — Oddfellows Hotel, Revell street North. This Company proposes either to purchase a central and convenient site whereon to erect a spacious Hall, suitable for the meetings of Masons, Oddfellows, Foresters, and public bodies, as also for Balls, Concerts, Lectures, and other public entertainments. In the event of a convenient site not being procurable at a price within the means of the Company, it is* proposed to purchase a building, which, by judicious alteration and enlargement, may be made to answer the purpose for which the project is started. Such a desideratum as a really commodious Hall has long been felt m Hokitika. and the promoters feel confident that the undertaking will prove a great success. From calculation based upon very moderate returns, it can be shown that the annual profits upon the Hall will be at least 30 per cent, upon the original outlay. In connection witli the public Hall it is proposed to erect a first-class hotel, capable of accommodating members of the several societies and their friends who ma j' be visiting or remaining in the locality, as also for the uccomodatioii of young lren engaged as employee? in the various establishments in Hokitika. It i*. considered that the hotel should be sufficiently large to accommodate from 40 to 50 persons with separate sleeping apartments, together with a proportionate amount of parlors, private rooms, &c. It is proposed to let the hotel to some competent person known to the community of Hokitika, as well as to the colonists generally. Thus, while the Hall would be used for public purposes, the hotel iv close proximity, would serve to accommodate those using it. Similar schemes, both upon a large and a small scale, have been found to answer admirably in London, Liverpool, Manchester, and other towns and cities in Great Britain, and also in Wellington, Melbourne, and the colonies generally. When half the shares have been taken . up, it is proposed to register the company, and call a meeting of shareholders for the oloction of Directors, &c. Application for shares to be made to the Secretary, at tho temporary office of the Company, Oddfellows' Hotel, Revell street North, on Monday, Wednesday, and Saturday evening's, from 7 to 9 o'clock. ' 5535 HARRISON & CO., Sheet-iron and Tin-plate Workers, Revell street North, have always on hand Pumps, Chimneys, and Tinware. Merchants and Dealers supplied at wholesale prices. " All "orders punctually attended to. Repairs neatly a executed. y 4322
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Bibliographic details
West Coast Times, Issue 374, 4 December 1866, Page 4
Word Count
965Page 4 Advertisements Column 2 West Coast Times, Issue 374, 4 December 1866, Page 4
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