The above Company has already been successfully* formed and registered under " The Mining Com panies Act 188B," and tho proprietors, in order to provide for the immediate development ef their undoubtedly valuable property, have decided on issuing 10,000 shares for public subscription. In the event of 4s per share being called up on the 10,000 Bhares now offered to the public, the 22,000 shares retained by the original proprietors will become equally liable for calls in the same proportion. The Properties owned by the Company, and duly registered in its corporate name, comprise three licensed holdings of 30 acres each (known as tho Break o' Day, Olose o' Day, and Jubilee claims), a valuable water right, and conveniently-situated machine site. In this property there are four distinct lines of i reef, known as Nos. 1,2,3, and 4. No. 1 rtef has been sunk on in the Break o' Day claim to a depth of sßft, at which level the reef i 3 18ia in width (having widened to that from 12in at surface) and carries flrßt-rate prospects from top to bottom. No. 2 reef has been sunk upon in the Close o" Day olaim to a depth of 301t, where it is 2tt in width, carrying even better prospects than No. 1. No. 3 reef is a solid body of etone over 20in in thickness, carrying gold at the estimated rate of l|oz to the ton. No. 4 reef, re cently discovered, is, however, the richest of them all. It is a body of stone 18in in width, in which gold is plainly visible to the naked eye, and a trial crushing herefrom put through Messrs Kincaid and M'Queeu's battery recently yielded 6oz 3dwt of gold per ton. It should be here mentioned that the property now under notice is adjoining, along the line of reef, the Victoria Company's claim—recently bo success fully floated; and that the Bame lines of reef in that claim run through the claims referred to, the latter being situated to the east of the Victoria Company* claim; and it will be fresh in the memory of the public that the test crushing sent to Ballarat by the Victoria Company gave a gross yieid of 2oz 19dwt 2grß to the ton of ore. 