The Sun.
London, England, 1858-11-01 00:00:00

ABRIDGED PROSPECTUS.

The Scottish Australian Investment Company, through
their Manager at Sydney, have long .directed their attention
to the acquisition of Lands known to be rich in Mineral Pro-
ductions. They are possessors of the various Properties men-
tioned in this Prospectus, upon some of which valuable de-
posits of Copper and Coal have already been proved to exist ;
but being a Company formed for the Investment of Capital
and not to carry on Mining Operations, they are not in a posi-
tion to develop these Mineral Properties on their own account.
It is therefore proposed that a new Company shall be formed,
to be called, "The Scottish Australian Mining Company
(Limited)," which shall purchase for the;sum of Thirty Thou-
sand Pounds, to be paid partly in Money and partly in Shares,
with certain Royalties, the said several Properties and work
them, commencing at first ea a moderate scale. The Com-,
pally will also take powers to acquire by purchase or other-,
wise such further Mineral Lands in the Australasian Colonies
as shall be deemed desirable.
_ _

The following are two of the principal Properties mentioned
in the Prospectus :
No. 1. The Good Hope Property.—This Freehold Property
,comprises about 400 acres of generally good, well-watered
land. It is situate near the town of Yass. There exists upon
this Estate a remarkable Copper Lode, of great width, and
standing above the surface in a continuous line (with slight
intermission) for more than a quarter of a mile, and in some
places rising above the level of the ground to the height of
twenty-five feet. The lode is strong and large, and stands
above the level of the River from forty-five to fifty-five
fathoms. Captlin John Dailey, of St. Austell, in Cornwall,
of great mining experience, has twice examined this Lode
and taken out a ton or two of ore, samples of which, weighing
from two to three cwts. each, are now in London. The ore
is red oxide, mixed with native copper, and green
and blue carbonates ; and specimens, broken promiscu-
ously from separate blocks now lying at the office of the
Company, have been found to yield on assay the high
per centage of 214, 271, 271, 271 33, and 36 per cent. of pure
copper : one sample which Mr.-Morehead selected and directed
to be assayed in the Colony yielded no less than 741 per cent.
of pure copper. The ore is similar in character to the ore at
the Burra- Barra. It will be seen that the opinion of Captain
Dailey, whose Report, on this Property will be found in the
Appendix, fully bears out the above statements. -
No. 6. Dartmouth.—This Freehold Property, consisting of
100 acres, is pronounced by H. T. Plews, Esq., M.E., who
made repeated surveys of the Hunter River Coal Field, by
instruction of the Manager of the Scottish Australian Invest-
ment Company, " the best position attainable for commencing
operations" in coal mining in New South Wales. It is
situated about five miles and a half from Newcastle, and con-
tains, as may be learnt from Mr. Flews' Report, which is ap-
pended, a seam of coal, lying nearly in a horizontal position,
of superior quality, and six feet in thickness at the outcrop
near the foot of a hill, whence of course it can be worked
without the expense of shafts, and the usual accompanying
machinery. A portion of this property consists of fertile
land, on which a considerable sum has been expended in
bringing it into a state of cultivation and erecting a house.
The property had been long under the notice of the Ma-
nager of the Scottish Australian Investment Company, as a
most desirable site on which to establish a Colliery ; but he
did not suceed in acquiring it until June last ; and the
purchase having been then made in contemplation of the
immediate formation of the present Company, this valuable
.estate is now made over at the price at which it was pur-
chased, with the mere addition of a small commission and
exp‘mis-s.
Applications for Shares must be made in the annexed form.
Each applicant will be required to pay in to one of the
Bankers of the Company Five Shillings per share on the num-
ber of Shares applied for, in part payment of the deposit of
Ten Shillings per Share ; in exchange for which a receipt
will be given. In. the. event of the Directors allotting less
than the whole number applied for, the amount paid in to the
Bankers will be applied towards the deposit of Ten Shillings
per Share payable on the number allotted ; but in case no
allotment be made, the money so lodged will be forthwith
returned in full.
Prospectuses, Mining Reports, Forms of Applications for
Shares and of Bankers Receipts for Deposits, may be had of
Messrs. Carden and Whitehead. stockbrokers, 2, Royal Ex-
change-buildings; at the City Bank; or the Offices of the
Company, 24, Gresham-street, London, where plans of the
property, a section of the Good Hope lode, and ore from that
property, may be seen and examined.
London, 26th October, 1858.