Page 29 Advertisements Column 1

New Zealand Tablet, Volume XVI, Issue 11, 6 July 1888, Page 29

PROSPECTUS OP THE MOUNT HIGHL4S CONSOLIDATED QUARTZ FINING COMPANY (LlßflTHjn MAREBURN (near Hyde), OTAGO. (To be Incorporated and Registered under the provisions of " Tka Mining Companies Act 1886." CAPITAL ... ... ... £90,000 In 40,000 Shares of 10s Each, Of which the Vendors agree to take 20,000 Shares ia part payment for the several properties, the remaining 20,000 Shares being offered for Publio Subscription on the f jllowiag terms— viz,, 6d per Snare on Application, 6d on Allotment, the First and Second Calls of 6d each, and the balance (as required) in call* not exceeding 3i per skace at intervals of not less than one month. (In view of certain satisfactory arrangements that hare bfeen mid* wich the Bank of New Smth. \V&lei, it is not anticipated that thar quireannis of th; company will necessitate the pallia | up of more thin 3*3 * par share, including the amount, paid oa application and allotment . " Provisional Directors : Hon. W. J. M. LA.RNAOH, 0.M.G., M.H.ii., Sandymount, Danedin VINOESTT PYKE, M.H.R., Danedin Hon. P. A. BUoKLEY, M.L.C., Wellington Hon JOHN MAtITIN, M.L.0., Wellington JOHN ELLIOTT, Esq , J.P., 0 lad or ook Station, Stofcth-Taieri JOHN LAVERTY, Esq., M.0.0., Hyde CHARLES SLATER HAY, Esq., J.P , Deep Dell Station. HarctM HIS WORSHIP THE MAYOR OF NASEBY (N. P. flJ0RBIK», Esq., J.P.-) RICHARD R. BROWNE, Bag., C.E., (Engineer of the ManitoW County Council), Naseby ROBERT STRONG, Esq., Manager of the Naseby H ydraulie Miaj§f Compaoy (Limited), Naseby JAM US MITCHELL, Esq., Builder, Naseby JOHN B. NEALB2, Ewj., General Manager Green's Beef and fisap Workings Company (Limited), Ophir LESLIE A. NO.tvlAN, EaQ , Managing Director of the Gr#* Eastern Go d Mining Company (Limited), Rough Ridge. * THOMV.S FOSTKR, tfSQ , (Foster Bros.), Hamilton Sauth W. EiiIO, REYNOLDS, tfSQ , T*fe i Lake Station, Hyde. ALKXv\ T DELi TETIOTDALE, ESQ.,' Manager Mareburn «bld Mia. mg Company, Hyde. BjLNKEBI : THE BANK OF NEW SOUTH WALES, Naseby. Solicitors : Messrs. STEWART, & DENNISTON, Liverpool street, Dunedin. Ba kerb : Messrs. R. STRONG AND GO., Levea street, Nnseby. J. ALWENT CHAPVIAN, Esq., Princes street, Diinedin. JAME-i HBNJDERON, ESQ . Hereford street, On unchurch. Mkssbs T. KENNEDY, MACDONALD AND CO., Wellington. Temporary Offices : LEVEN STREET, NAStfBY, OTAfJO, NEW ZEALAND.

The Mount Highlny Consolidated Quarts Mining ComglMy (Limited), is being formed to acquire and to work, on an exteadtd scale, those valuable gold mining claims at Mount Highlay, ae,*r Hyde. Otago, known as tho Mount Highlay Company's and M'Attlcy and Co's licensed holdings, situate on the right-hand bank of Mart* burn Creek. The claims in question are known generally a* V IBM MAKEBUKN REEFS," and under that designation have been bafort the public for some considerable time past. The properties offered comprise two Licensed Hoi lings of 25 and 30 acres respectively, a 'gregating a total arei of 55 acres ; together with Water Race* and Water Rights, Machine Site, and the Lease of a valuable Water Raoi rising in Mareburn Creek, whence the motive power for propelling the company's machinery will be obtained. The claims referred to, at> well as the whole of the mioiag privi« leges enumerated hun in, will be purchased by the company fron the v.ndors for the total sum of £9500, to be paid as under :— £3ooo in cash, and the balance of £7500 (reserved as already stated; represented by 20,000 shares in the company (10,000 shares to be paid op to 10s each t>nd the other 10,000 to 5s each. 20,000 shares are offered for public subscription, and the amount (6d per share) payable Oft applicai ion and allotment, together with the first and second oalla, will realise exactly £2000. This amount represents the cash to bo paid the vendors ; but in order that no delay shall occur in commenc* ing operations, the Bank of New Bovnh Wales has arranged to allow the company a working overdraft of several hundred pounds, so t£at the work of reducing golden quartz can be commenced immediacy all the machinery is in efficient order. It is conjectured that, under favourable circumstances, the macuinery Bbould be in readiness tot starting work by November at the latest. The vendors will pay all the preliminary expenses incidental '(• the floating of the company, including brokerage, commission, piloting, advertising, and all other costs incurred up to the time of tha allotment of shares. The report of Messrs. K. A, Withers and Matthew Thomas, two first class authorities on the subject of quartz mining (anoexed ta the prospectus), is so very exhaustive and explicit that very l(ftki need be said as to the value and potentialities of the properties offered b# the vendors. The report m question shows conclusively that tha Mareburn reefs are highly valuable properties ; that they are trtt lodes ; and that during the first three years of the Company's opera* tions the profits for division among the shareholders will be at least £29,000 On reference to the report it will be seen that the expert* oaM their estimates on a very Ijw average. Thus, one crushing of stout yeilded nearly two ounces of gold per ton ; a second, treated ia