Page 4 Advertisements Column 1

West Coast Times, Issue 378, 8 December 1866, Page 4

Companies. PROSPECTUS OF THE UNITED EXTENDED GOLD MINING COMPANY (Registeeed). Capital, £7500; in 3750 shares of £2 each. Manager (pro tern) — Mr Watt. Bankebs — Bank of New Zealand. Solicitous — Messrs Rees & 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 and New Zealand. The nine acres belonging to the Company include 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, and it is proposed to raise sufficient capital to purchase a 40horse power engine, with 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 companj r , has 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 take out the washdirt from a large and unbroken face. Even if there be no, second or true bottom, there is sufficient gold at the present level to repay any moderate 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 following statement will show the amount of gold taken out of some of the Claims now belonging to the Company during the foregoing six months : — Paddy's claim . . . 1360 ounces Paul's do ... 650 „ Wishard's do ... 420 „ Morgan's do ... 1000 „ Butter's do ... 2879 Scotchman's do ... 400 „ M'Kenny'sdo ... 200 „ Kerr's do ... 200 „ 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 the market for sale, and the work of the company will commence as soon as a sufficient number of these shares are sold. The shares will be paid for as follows :—los: — 10s on application, 10s on allotment, and the balance by two calls, one and two months after the date of allotment. 5708 PROSPECTUS OF 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 Directors — Mr William Henshaw, Mr William Reuben Goodrick, Mr Walter Thorn, Mr "William Gawne, Mr Charles Thomas Malpas, Mr William Fraser Ross, Mr William Hemy Pennington, Mr James Turner, Mr Daniel Lynch. Mr Patrick M'Guire, and Mr Joseph Wymark Allen. Baxkebs— 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 ibr 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 in 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 with the public Hall, it is proposed to erect a first-class hotel, capable of accommodating members of the several societies and their friends may be visiting or remaining in the locality, as also for the accomodatio-i of young iron engaged as employees in the various establishments in Hokitika. It is 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 generallyThus, while the Hall would be used for public purposes, the hotel in 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 election of Directors, &c. Application for shares to be made to tlie Secretary, at the temporary office of the Company, Oddfellows' Hotel, Revell street North, on Monday, Wednesday, and Saturday evening's, from 7 to 9 o'clock. 5535