Page 28 Advertisements Column 1

New Zealand Tablet, Volume XVI, Issue 23, 28 September 1888, Page 28

PROSPECTUS OF THE WAKATIPU GOLDMINING & SLUICING COMPANY, LIMITED. To be incorporated under the provisions of " The Companies CAPITAL ... !!!' 1882 * £35 000 IN 70,000 SHAKES 9F 106 BACH, Of which the Vendors agree to take 20,000 Shares paid up to Six Shillings per Share in part payment of their several Freehold Properties, the remaining 50,000 Shares being offered for public subscription on tbe following terms, viz -.—One Shilling per Share on application and One Shilling on Allotment. No Calls to be made at less intervals than one month, and no Call to exceed One Shilling per Share. Fbovisonal Dibectobs. HON. T. FERGUS, Minister of Justice and Defence for the Colony of New Zealand. JAMES ALLEN, Esq., M.H.R. H. 8. VALENTINE, Esq., M.H.R. MAURICE JOEL. Esq., of Duneain. Merchant B. HALLENBTEIN, of Dunedin, J.P., Merchant. JAMES HAZLBTT, Esq., J.P., of Dunedin, Merchant. G. FENWICK, Esq., of Dunedin, J.P., Managing Director Otago Daily Times and Witness Newspapers Company, Limited. DONALD A. CAMERON, Esq.. of Nokomai, J P. JOBEPH STOCK, Esq., J.P., of Invercargill, Merchant. CHAS. C. BOYES, Esq.. of Queenstown, Merchant. BOBT. BOSB. Esq., of Queenstown, Merchant. SEW HOY, Esq., of Dun^din, Merchant. E. A. CAMERON, Esq., of Queenßtown, C.E. and Architect. Bankebs — THE BANK OF NEW ZEALAND. 80UCIT0E AND SECBBTABT (pro tern.")— T. SCOTT-BMITH, of Queenstown, Otago, New Zealand. BBOKEBS— J. A. CHAPMAN, Princes Street, Dunedin. A. G. FE>WICK, Princes Street, Dunedin. F. W. F. GEISOW, Queenstown, Otago, B. F. CUTHBERTSON. Invercargill. WILLIAM TODD, J.P., Invercareill. McKELLAR and SCARVELL, Christchurch. TEMPORARY OFFICES — REES STREET, Queenstown, Otago, New Zealand The above Company is being formed to acquire and work on a large scale, about 250 acres of valuable auriferous freehold land, and about 50 acres held under licensed holdings (comprising in all about 300 acres), which land is situated on the borders of Lake Wakatipu, and about five miles from Queenstown. There are about 620 acres of freehold land which will be conveyed to tbe Company free of rent, bat of this there are only about 250 acres auriferous. The ground above mentioned, has for a great many years been known to be auriferous, and lately several applications have been made to purchase or to resume possession of portions of this freehold for purpose of mining, and minute portions of tbe properties adjoining the creeks, have at different periods during the last 20 year been worked by miners to great advantage. Tbe terraces, as well a the lower ground, are auriferous, and exceptionally well situated fo sluicing facilities. The principal water rights, which have been secured, are permanent and large, and are considered the most valuable water rights in the Lake WakiJapu district, and comprise about 25 heads of water, which are capable of affording a pressure of 100 feet., and which wiil command the whole of the auriferous terraces proposed to be acquired and worked by the Company. The proprietors of the properties have agreed to accept £4,000 as the price thereof, in addition to tbe shares already mentioned They had to buy the several claims and valuable water rights mentioned by Mr. Beal in his report. The estimated cost of construction of water-races, dams, reservoir, sluicißg plant, etc., will be £3,000. Ihe properties have been very carefully aDd exhaustively epoited upon by L.O. Beal, Jun., Etq., of Dunedin, mining engineer and expert, whose report i B appended hereto, and which concludes as follows :— " I would say, after carefully examining and testing the gronnd, that the property is a very excellent one, offering special facilities as a sluicing claim, and should, if worked in a thorough and systematic manner, yield a good and safe return on capital, and Bhould last for fifteen or twenty years at least with a large plant." " To show the extremely rich character of the ground proposed tobeworked.it need only be said that, even assuming the wash to average only five grains ot gold to the ton of stuff sluiced, which is an extremely low average the yield from 20,000 tons (which could easily be put through per month) would give tbe Company the very handsome return of £9,360 per annum." The Company will pay all the preliminary expenses incidental to the floating of the Company, including brokerage, commission, printing, advertising, and all other costs in connection with the Company, but these are not expected to be heavy. It is anticipated that it will not be necessary to call up more than 4s per chare. Applications accompanied by a deposit of Is per share may be forwarded to any of the Brokers of the Company.or to the Bank of New Zealand at any of its branches. " In cases where no allotment is made, the deposit will be retnraed in full ; and when a less number of shares is allotted than shall have been applied for, the balance of the deposit shall be applied towards the fur her payment accruing on the shareß which may be allotted.