Page 1 Advertisements Column 6

West Coast Times, Issue 2908, 30 July 1878, Page 1

Notices. T>ROBPECTUS -■- or thb TAIPO QUARTZ MINING COMPANY (Limited). ARAHURA DISTRICT, COUNTY OF WESTLAND. Capital : £10.000, in 10,000 Shares of £1 each ; 6d per share on application ; 6d per share on allotment ; tnd calls not exceed 6d per share per month. Photisional Dibectobb : James Holmes, Esq., James Chesney, Esq, Hokitika Hokitika A. L. King, Esq., Joseph Churches, M.C.C., Hokitika Esq., Hokitika Thomas Cooke, Esq., H, Richardson Eae, Hokitika Eaq., Hokitika James Pearson, Esq., Charles Linnemann, Hokitika Esq., Hokitika George Bath, Esq., Hans J. Hansen, Hokitika Esq., Hokitika Thomas Haworth, Esq., Hokitika. Barkxbs : The Union Bank of Australia. Solicitob: C. E. Button, Eiq. Secbbtabi : J. E. Cuddeford, pro tern. The object of the proposed Company is to work the leaie of the Enterprise Quartz Mining Company, Taipo. ; The claim is situated on Parry's Range, Arahura District, about seven miles from the Christchurch road, and thirty-seven miles from Hokitika. The claim contains an area of 20 acres, granted as a lease to the present company by the Governor's Delegate. The prospectors have already expended a sum of £1500 in driving a tunnel, sinking a shaft, and generally testing the ground. Two distinct and well-defined reefs have already been tested in the claim— -one in the shaft and the other in the tunnel. They are about 200 feet apart ; the average width is 3ft 6in and 2ft 6in. The stone is equal in richness. The tunnel has been driven 150 feet, and the shaft is now down 30 feet. It is proposed to extend the tunnel so as to strike the reef which is being worked in the shaft. A trial crushing of about eight hundred weight of stone and rubble, taken from both reefs, took place at the Bank of New Zealand, Hokitika, some time since and yielded at the rate of sozs 6dwt to the ton. The payable quality of the stone having been thus satisfactorily proved, it is proposed that the new Company shall work the. ground in a mow jyatemfttifr manner and on a more extensive scale than hitherto, and it is confidently anticipated that with the aid of machinery, the mine will prove remunerative to an extent greater than is the case with regard to many of the best reefing companies on the West Coast. ' The claim is commanded by an extensive and never failing supply of water at a high level, which can be brought on to the ground at a comparatively small cost, for working the battery. When increased labor has opened up the reef's there will be a supply of quartz sufficient to keep a heavy battery continually employed. The road connecting the reefs with the main Christchurch road has been finished by the Government, and every facility is now offered for the conveyance of machinery to this undoubtedly payable field. The promoters and shareholders in the present company have such confidence in the remunerative nature of the ground, that they are willing to accept two thousand four hundred paid up shares in the new Company, in full payment for the purchase of their entire right and title in the lease, for all labor already done, and expenses incurred. The promoters are assured that the undertaking will prove a somplete success and confidently express an opinion thai the future operations of the new Company will materially tend to the development o a very extensive track of reefing country which, when opened up, must of necessity largely increase the commercial prosperity of Hokitika, as being the nearest town and port to the goldtjeld. They, therefore invitej the attention of the public to jthi present undertaking as a safe and payitif investment. The promises of suppor already received justify* the concluaioi that the Company will beioated at a ver early date, and applications for shares ar invited. Forms oi application to be obtained froi any of the Provisional Director!, or th Secretary, JAMES E. CUDDEFORD, Corner of Wharf-Btreet, Hokitika. T> ILLHEADS, and Printing of Every JLj Description, Executed at the Webt Coast Times Office. MR GREENWOOD DENTIST, Tainui-street, opposite the Post Office, Grey mouth. Dentistry in all its branches. WOOL, TALLOW, AND PRODUCE. PARTIES hitherto effecting INSURANCE in England can make AJiRANGEM NTS on equal terms to cover interest at any of this Company's offices in New Zealand — While in Shed or Factories, by rail, dray, lighter, or other conveyance, and ship, till delivered in ._ London. From ports in New Zealand to London direct, or transhipping at ports here or in Australia. From stations or .factories, to tv minate at Dunedin, or coasta port, if Seed be Claims payable in London. " NATIONAL INSURANCE COMPANY, j ARCH. SCOTT, E Agent, Hekitika,