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mam reef is composed of a mass of leaders varying from £ inch to 3 inches in thickness until it attains a total width of 12 feet, the gold being equally distributed throughout tbeystone. By means of a shaft 22 feejj.deep in the reef the leaders have to be looser, the main reef,thicker, and the prospects improving. , Tss; formation of stone, as may easily be, understood, permits of the claim hqingjwprked at a comparatively trifling;cost, one man, as has been proved, being able to excavate about 5 tons per diem. As an evidence that the reef is regular and runs through the claim, a party 400 yards distant have disclosed the same reef. In consequence of the absence of proper appliances to test the quality of the reef, no sufficient test has as yet been made except three small parcels, from the main reef, marked 3, tested at separate times, with the following results: — No. 3. Three lbs. yielded 3 grains, being at the rate of 4ozs 13dwts Bgrs per ton.—Signed R. F. B. Horton, Melter and Assayer, Bank N. Z., 30th May. No. 3. Four lbs yielded 4 grains, being at the rate of 4ozs 13dwts Bgrs per ton. —Signed A. Robinson, Melter, Bank N. Z., 28th June. No. 3. Four lbs. yielded 4 grains, being at the rate of 4ozs 13dwts Bgrs per ton.—Signed A. Robinson, Melter, Bank N. Z, 2nd July. As it would be advisable to work the claim by waterpower the Company have secured the exclusive right of the water in Irishman's Creek, and also the registered right to 8 heads of water from Deep Creek, which would be abundance of water for the efficient working of both the water-wheel and other necessary machinery. It is further proposed to give the original claim-holders, viz. Floiian and party and Davie and party, £3600 in paid up scrip of the'Compafiy, in consideration of then" tigtitj' l ititle, and interest in, and to the claims, and also £I2OO cash for work ahfl? labor done by them in prospecting aid proving the ground, which would leave a sum of £4BOO to be raised by the disposal of Shares; but as the promoters confidently expect that one half that sum will be sufficient to put down the necessary machinery, and as the claim will then be reproductive, it is not expected that more than half the amount of the Shares will be called up.

FORM op APPLICATION foe SHARES. To be lodged at the Company's Office, or at the Bank of New Zealand, Westport. To Messrs M'Laben" and Mttnbo, Provisional Trustees in the Excelsior Quartz Mining Usmpany. Gentlemen, —I request that you will allot me Shares in the above Company, for which I enclose (in terms of the Prospectus) £ being the Deposit of 20s. per share on Shares; and I hereby agree to pay £2 per Share on allotment of the above number of Shares or any less number that may be allotted me, as well as all subsequent calls ; and I also agree to act in conformity with the Pules of the Company when lawfully made, and I further agree if I shall not pay the first call of £2 on allotment, in terms of the Prospectus, or any call that may be subsequently' made, that my shares shall be forfeited and the Directors shall be at liberty 'to re : allot them or dispose of them-as they'pi ease Name in fu11.... .Signature. RAWAITI BRIDGE HOTEL, This Hotel is picturesquely situated, one mile north of Westport—a pleasant walk from town. The grounds adjoining suitable for Picnic parties. A days boating can always be had on the Orawaiti Eiver. A Coach Buns between this Hotel and town daily when weather is favorable and inducement offers. The Best Selection of Liquors always on hand. Paddocks for Grazing Sheep. Saddle Horses for Hire. THOS. JONES, Proprietor TJLES SIMON. •J GENERAL STORE. WHOLESALE, ANap, BETATL t'n rUi SPIRIT MERCHANT. . , nli.. Corner of Wallabi andPalmerston-sts., "Westport. EVERY DESCRIPTION OP OB -ORINTING SOKE AX THE WESTPORT TIMES OFFICE,

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/WEST18700726.2.14.4

Bibliographic details

Westport Times, Volume IV, Issue 689, 26 July 1870, Page 3

Word Count
671

Page 3 Advertisements Column 4 Westport Times, Volume IV, Issue 689, 26 July 1870, Page 3

Page 3 Advertisements Column 4 Westport Times, Volume IV, Issue 689, 26 July 1870, Page 3

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