They have therefore agreed to sell the lease and the plant to this Company on the fol lowing terms, viz.:—£sooo, which they have agreed tc accept in paid-up shares in order that a strong Company may be formed for the purpose of working the lease to the greatest advantage by the applica tion of the best appliances which science and the j progress of mining industry have developed. It is I likely that dividends will be paid at once, owing to the facility of working the seam already referred to as soon as larger pumping gear is obtained; and this can go on whilst more extensive works are in pro gress for the systematic working of the claim. The Huaterßros. havo alßo matured a scheme for the working the whole of the lease with a minimum of cost to the shareholders, and in a manner that will dispense with heavy pumping machinery. The Nokomai Flat is so well known for its auriferous deposits that it is unnecessary to say much about it; suffice it to say that the miners have always been working along its edges, and have followed the precious metal as far as tliev could get for water and the universal opinion is that there are heavy deposits of gold, which science and machinery alone can reach. This has been confirmed as far asit has been tested by the Hunter Bros., and it remains for the Company to push forward the work which has been continued so perseveringly by the Hunter Bros, and reap the fruits of their labours, as it has been shown that it can be made a paying concern from the start It is therefore anticipated that there will be a larce demand for shares, and they will accordingly be allotted m the order in which the applications are received. Applications for shares must be made on the printed form, and forwarded with a deposit of 2s 6d per share to Mr C. W. Brown, Esk street, In vercargill, or Messrs J. and W. Gage,. Kattray street, Dunedin, the brokers for the Company-- or the Colonial Bank of New Zealand, or any of its Branches, from either of whom Prospectuses and Forms of Application can be had. The Office of the Company to be in luvercargill, Southland, New Zealand. 2iap



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