Page 3 Advertisements Column 3

Western Star, Issue 1385, 31 August 1889, Page 3

Public Notices. THE GOLDEN CAUSEWAY, Q-M COMPANY OENENTHORN (Ltd.) NENTHORN, CENTRAL OTA GO. (Registered undar " The Mining Companies I Acf, 1886." CAriTAL C 12,500 In 50,000 Shares of 5s each. Of which 30,000 Sliares, paid up to 3a each are retained for the interests which have already beeu transferred to the Company by the Original Shareholders, the remaining 20,000 beine offered for public subscription on the following terms : 6d per share on Application ; 6d on Allotment.; and the balance (viz. 2s) in coils of and not, exceeding 3d per share per month. Pkoyis'onal Directors : JOHN ELLIOT, Esq, Gladbrook Station, Middleniarch. R. IF. BROWNE, Esq, Engineer Maniototo (Jaunty Council, Naseby. CHARLES MoGREGOR, Esq, M.E., Nenl.horn. HUGH WILSON, Esq, Mount Ida ChronJAMES MITCHELL, Esq, Builder, Naseby. JOrJN LAYER! Y, Esq, Storekeeper, Hvde. THOMAS MOODIE. Esq, Perpetual Trustees Company, Dunedin. J. C. BCO.KLAND, Esq, Tumai, Waikouaiti. JAMES WHITION, Esq, M.D., E.R.C.S., Naseby. ROBERT McBRIDE, Esq, Mine Manager, Nenthorn. PETEii HARRINGTON, Esq, Earner, Ophir. A. B. KITCHENER, Esq, The Grange, Waihemo. Bankers: COLONIAL BANK OE NEW ZEALAND, Nenthorn. SOLICITOR : ALFRED C. EANLON, Princes street, Dunedin. Consulting Engineer : SEAL, Esq, C.E., M.E.,: Dunedin. Brokers: WALTER HISLOP, Esq., Perpetual Trustees Company, Dunedin. LESLIE A. NORMAN, Esq., Naseby. J. C. CHAPMAN, Esq., Dunedin. ALEXANDER CROSS, Esq., Invercargill. Legal Manager and Offices : LESLIE A. NORMAN, Main Street, Nenthorn.

The above Company has already been registered under " The Mining Companies Act, 1886," and the propr.etors, in order to provide for the energetic development of their various valuable properties, have decided on issuing 20,000 shares for public subscription, calling up 3s per share as herein provided. The sale of these 20,000 shares will realise £3OOO, which amount (less commission, &c. for placing them on (he market) will, as tlie calls become due, bo paid into I he Company's account at the Colonial Bank of New Zealand, Nenthorir, and he devoted 6olely to the exploitation of the Company's claims. In other words, Not a Single Penny will be paid as Promotion Money, the original shareholders being content with seeing the amount so realised devoted to purposes solely connected with the working of their several clains. Thirty thousand shares, paid up to 3?, are retained by the original proprietors; and on 3s being paid on the 20 000 shares now offered to the public, these 30,000 shares will be equally liable for calls in similar proportions. The Company has registered in its corporate name three license holdings of 30 acres each (90 acres in all}. In addition, it holds a registered water race, heading from Nenthorn and Ilarfstongc's Creeks, which is undoubtedly tlie most valuable right in the district. With the £3OOO realised from the sale of the 20,00 shares now offered for subscription, the Directors propose to erect a complete crushing plant, for the reduction of the large quantities of ore in their several claims, comprising a lOrhead stamper battery, with suitable driving power, two large berdans, and probably a stone-breaker, with quicksilver tables, bkiuket strakes, and all other necessary gold-saving appliances. The plant will be added to as the claims become further developed, and it is considered probable that it will require considerable extension within a year or so from the time of commencing operations. The special mining correspondent of the Otago Daily Times, a well-known expert of considerable experience, in a series of elaborate and carefully compiled articles states : (1) That, in his opinion, the Nenthora reefs will prove to be the most valuable deposits in Otago, a belief which is concurred in by Victorian miners. (2) That the underlie of the lodes is of a very small angle, varying from Ift to ljft per 10ft in vertiele depth, the'deposits Assuring the strata of the foliated schist at right angles—circumstances which have a very important bearing on the future progress of the field, proving, as they do, that they are not more Laminations of Auriferous Ore. (3) And that exploring operations up to the present tend to prove in a conclusive manner that the lteefs Widen as they gain in Depth. Some six differont ferial crushings of stono have been taken from various reefs on the field up to the present, and leaving out the Eureka test of a ton of stone, which yielded lOoz of go'.d, it is found that the averago valuo of the quartz so far is about 2oa lOuwt of gold per ton. In inviting applications for shares in tho Company, the Board of Directors would draw attention to tho following ascertained facts: — (1) That the reefs in the Company's claims are, beyond the question of a doubt, tho continuation of those now being worked witli such highly satisfactory results bv the CIUESUS, BLUE SLATE and VICTORIA COMPANIES. (2) That tho leases now offered adjoin tlie properties of the Blue Slate Company on their western boundary, which in their turn are "contiguous to the Croesus Company's claims. (8) That the lodes in tlie Blue Slate Co's claim, a trial crushing from which yielded at tho rate of 2oz Sdwts per ton, have been traced through (lie whole length of the leases held by tho Golden Causeway Company. {I) That at one point a shaft (the deepest on the field) has been sunk to a deptli of nearly 70ft on one of the lodes, with particularly satisfactory results, the reefs when work was suspended owing to the influx of water showing splendid gold. (5) That-, as in the case ofthe Nenthorn Consolidated Company, unusual natural facilities are available for working the lodes, which can at various points be tapped by low-level tunnels driven in from a deep gorge which runs between and parallel with tho course of the lodes. (G) That so far three good reefs have been found on the properties, from which unlimited supplies of pay-ore can be obtained. (7) ThattbeCompany own a splendid battery site, on which tho Directors recommend the erection of an efficient milling plant, driven during a port ion of I lie year by a Pclton water wheel, and during the dry portions ofthe summer months by a powerful steam engine. (S) That the Company's water race is one of the most valuable on the field, affording at the works a vortical pressure of -15 ft. and during seven or eight months of the year a plentiful supply of water, which is lifted by two branch races from the Nenthorn and Hartnge's Creeks. (!.') And that the properties now -■ "-■"> —i undoubtedly some of the most valuable

Under iili the circumstances, t.he ] Directors have no hesitation in recommoiirling the present scheme r.s a thoroughly legitimate one for t'io investment of capital, offering, as it doss, the projects of oarly returns and remunerative dividends. Applications, accompanied by a deposit of fid per share, to b:' forwarded immediately lo any of ilie brokers of the Company. THE SHARE IJBT WILL PO.-riIVKLY CLO3E ON AUGUST 26. As a large number of shires have already been subscribed for (ov.t 7000) immediate application is necessary, as in case op a, surplus of applications those most promptly lodged will receive the most favourable consideration. No application for less than 100 shares will be received by the brokers of the Company. ALEXANDER CROSS, Bbokkii tor Southland, Application Form* at Western Stak Cilice.