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 PROSPECTUS 
 
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 Thfr Bridge River and Lillooet 
 Gold Mining 
 
 ( LIMITED LIABILITY) 
 
 •»•■ 
 
 Capital Stock, $750,000 
 
 IN ft. 00 SHARKS, 
 
 rULLV ^»ID »NO NON-A«»t«»*Bt« 
 
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 PROSPECTUS 
 
 
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 The Bridge River and Lillooet 
 Gold Mining Company 
 
 LIMITED UABIUTY; 
 
 \ 
 
 CAPITAL STOCK, $750,000 
 
 ^N $1.00 SHARES, 
 
 FULLY PAID AND NON-ASSESSABLE. 
 
 Provisional Directorate and Officers. 
 
 £. A. COLQUHOUN, ESQ. (Mayor of the City of Hamilton), President. 
 
 R. A. LUCAS. ESQ. (of Messrs. Lucas, Steele & Bristol, Hamilton), Vice-President 
 
 GEO. ALLAN, ESQ., Vancouver. 
 
 GEORGE E. BOWER, ESQ., Vancouver. 
 
 W. J. MCMILLAN, ESQ., Vancouver. 
 
 Secretary-Treasurer, John G. Y. Burkholder, Esq., Hamilton 
 Auditor, C. S. ScOTT, ESQ., Accountant, Hamilton. 
 
 ADVISORY BOARD. 
 
 J. M. Young, Esq., Proprietor Hamilton Cotton Cp., Hamilton. 
 
 John H. Land, Esq., Dominion Secretary Royal Templars of Temperance. 
 
 Jos. Greene. Esq., Secretary-Treasurer W. E. Sanford Manuf'g Co., Hamilton. 
 
 Chas. W. Tinling, Esq. (of Messrs. Archdale Wilson & Ck).), Hamilton. 
 
 The President, Vice-President, and Auditor. 
 
 BANKERS : The Bank of Hamilton. Hamilton, Canada. 
 
 SOLICITORS : Messrs. Scott. Lees & Hobson, Hamffton. 
 
 ENGINEER : J. W. Tyrrell. C. E.. M. C. S. t?. t., Hamilton. • \ 
 
 CONSULTING MINING ENGINEER: Wm' Hamilton Merritt, Associate 
 
 Royal School of Mines. 
 
 it t,; 
 
 Hi:AO OFFICE OF THE COMPANY : VANCOUVER, CANADA. 
 ■USINE88 OFFICE OF TME COMPANY: HAMILTON, CANADA. 
 
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 The Bridge River and Lillooet Gold Mining Go* 
 
 \ LIMITED LIABfilTY. - -^-^ 
 
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 /: __:___ ^ . , I. 
 
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 f^OSPECTUa 
 
 This Company is inco/porated as a Joint Stock Company under, the Companies Act, 1890, 
 and amending acts, of the Province of British Columt^ia, for the purpose among other things 
 of act^uirtng the rigrhts of the Bridge River^Gold Mining Co., Ltd., in their claims situate on[ and 
 «djoinmg The Horse Shoe Bend of the Bridge River in the Lillooet District, British Columbial aqjl 
 for the further purpose Of diverting the river from its (jresent course by means of a tunnel through 
 what is known as the Hog's Back ; for bringing in An abundant supply of water (s.ooo miner's 
 inches) by meikns of a ditgh and flume ; for a thorough testing of the whole property to ascertain 
 the relative richness of the various portions thereof, in order to work the same to the best advan- 
 tJige ; and for the further purpose of fully equipping the property with mining machinery and devel- 
 oping the same ; the directorate to determine what portion or portions of such works shall be pr 
 ceeded with immediately, with a view to the best fin^cial results. 
 
 The capital stock of the Company is to be $^6,000^ in shares of the par value of one ($t) 
 
 dollar each folljr paid and noii-assessable. «. 4> 
 
 A limited number of these shares are offered to the public in the shape of preferred stock. 
 
 The remaining shares will be common stock, and available for sale only after the preferred 
 
 stock is redeemed. (See particulars at end of prospectus.) , 
 
 In November, 1896, it was deemed advisable to send a qualified civil and mining engineer, who 
 could bedepended upon to make careful and reliable investigjitionis and surveys of the property re- 
 ferred to ; accordingly Mr. J. W. Tyrrell, of Hamilton, was retained for the purpose, and the follow- 
 ing is his condensed report :— 
 
 Hamilton, Canada, January 31st, 1897. 
 
 To th9 Shareholders of the bridge River Gold Mining Co., Ltd., 
 
 Hamilton, Ontario. * ■ ^ . 
 
 Gbntlbmbn : 
 
 o ■ . ■ ' P ■ 
 
 In accordance with your instructions of the 9th November, 1896, I have made a careiul exami- 
 nation of your Placer Mine on the Bridge River, B. C, and have to report to you as follows :— , 
 
 Your property, at present consisting of seven consolidated claims, is ^mainly situated on the 
 north side of the Bridge River, in the District of Lillooet, B. C, and extends from a post at or near 
 the western boundary of the Indian Reserve, which is 17 miles above the junction with the Fraser, 
 for a distance of tWO mlles up stream to the confluence of the North Fork. \ 
 
 The extent of yoiir claims in all amounts to about 847 acres, which may be classifted under 
 three headings, vi£., hi^h bench land, low beifch land and river bed. 
 
 The elevation of^kiiigh benches range from 250 to 500 feet above river bpd at lower end of 
 
 ■claim, and the heightwifilne low benches range from so to 60 feet above river bed. . 
 
 . The cubical conwn^ of the i^h benches above stream bed amount to 1 39,800, OOp yards, 
 
 ' those of the lower benches to 1,000,000 cubic yards, and those of the stream bed to 70,obo'cubic 
 
 yards per foot of depth, which, with a depth of 40 feet to bed rock, as is reported to exist, would 
 
 make a total for stream bed of 2,800,000 cubic yards. L <■ 
 
 With the addition of the property upon the south side of the river, which you are about to 
 aequlre, the acreage of your claims will be swelled to the amount of 710 aeres, and the cubical 
 contents of the high benches to about 866,800,000 cubic yards. • 
 
 The formation of j^our claims ia chiefly that of a loOSe gravel, apparently of andeBt l^VOT 
 deposit, with some thin firmer beds or pay streaks appearing at various elevations, upon tho 
 exposed sections of banks. Wothlaff of the character of cemented wevi<A was found, but on the , 
 ■contrary the nature of tiM material appears to be most tdmlraldy smted fbr hydraoUe mlnlllff. 
 
 Rock occurs at itveral poii^ ia « diijiet Um across the south side of the Horse Shoe Bend and 
 along th* river bMh^ Be^^wMfltN roekrbluAi the whole river now winds its «ray, but to all ap- 
 pearances th« anment channel of the North Fork lay along th» base of the mounuln rai^A. whem 
 now exisU a gN«t bed Of attfUbFOBS grgVia 450 fbet m depth. . 
 
 A further evidence of the gravel bed having once been the course of this bnnch of the river 
 appears from the fact that just above your claims there has been at some time a great slide of rock 
 froiy the side of the high mountain, jivhich would account for the stream being deviated from the 
 aqfpient to the present, (iluMlpel. 
 
 This great gravel f^ttibion, having bceh the bed of the addent riv«r,*migbt well be expected 
 tobehlghlyjgOldbSftdnir, asyouhavefouijdittobe. ^ « "^ 
 
 Your pn^riy U dKniUonaliy fllTOreff.in its location and natural facilities for eoOBOmleal 
 
 eMrattal. the climate aJT lillooet i* wdl 
 CMHOibia, so tW you nuiy wcpMit to ba abla to 
 wptiaa. ior Jtt least for ni— inoiitha of tha 
 
 ::ti Carried on la th6 famtun Cairibob district to tL. 
 It Is coidparativalf May of acoeu, joAng only 
 
 ba about the best to b« found in British 
 your mine some seasons wlthOOt iBtar- 
 rihout two months longnr-than 'WoriLjeat^- 
 
 ut 80 miles from the maiii line of tho C. P. K. 
 
 and of this distance 60 milca consisU of a good stageyoad, the raoMining so bdng " pack trail." 
 
 •■ 111 
 
 
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 With regard to the very important questiotrt of watflT luppl^, your mine ^v mo«t faftunately 
 •Uuated. Within three piles of your'claims th^ro i« a constant availAfe sufi^ly of 10,000 miner's " 
 inches at an elevation of 560 feiet above river bed at lower end of mine. , . ^ 
 
 This wiU. place the ma'iimum length tof ditch required tcT operate your whole property at less j 
 than Ave mites, which, considering the ample wid constant supply, is 4 natural adyantag^ proba- 
 bly onequalled in the Provipce. Other mines m the Cariboo district have been obliged to conduct 
 their water supply, of far interiof extent and constancy, for fbur tiroes the above distance at 
 MorhMua txpsnac. , -^ * '/> ~*. ' ,:. ,^ 
 
 AC tha Hon* Shot) Bend a pccuUar itatdpti feature exists of greafrUae. It will bttpossible 
 and advisable to 'divert thp river from the present broad channej around tme Bend bv me||i4 of a 
 Short tunnel through the point of rock at the V forks" of th^ shoe, and thus dry tae rion rivw^ 
 bed and low gravel benches in the Bend so as to render them readily accessible for sluicing pur- <> 
 poses. , The cost of |lifs tunnel wiA be small as compared with ,the, great/ be|iefltS which will be 
 derived from its construction, one of which will be additional jvater power that can be advantage- 
 ously made use of for washing the lower diggings, jind'ofScrating an electric light plant / ■ 
 
 Regarding the river' bed and gravel flats of the Horse-shoe Bend, they should from their natural 
 position be found to be exceptionally Yich. Above the Hoi%e-shoe the river flows very swiftly 
 through \ deep c^nyOn, but when it strikes the " frog" of the hbrse-shoe or protruding tongue of 
 
 ■ rock^ its vtfjocity is suddenly checked, and around the bend it varies from only three to four miles 
 an hour. Thus the channel here forms, a natural SluiCO bOX, whiqh""must catch all the goW 
 
 ■ brought down the canyon., * , . . ji 
 
 One of the most necessary requisites for the economical operation of a placer mme is well 
 known to be an ample and convenient dumping ground for the washed matenah . In tht8#espc<it 
 y«or mine is also most favocably situated. H not only possesses , the deep channel of the bridge 
 River for the entire length of your claims, but at the Bend there ii ip addition the great circular pit 
 of fully 50,000,000 cubic yards capacity. This after Washing of the River Bed and lower benches . 
 ■*- in it will form « most admirable dumping ground. ^ ». j #■ 
 
 For tlhe purpose of Constructing flumes, sluices, dams or "other' *ructures an abunoanoe Oi 
 
 timber is available on all parts of your property. . . , ^. 
 
 My estimate of the cost of the various works necessary in ord«r to equh^ your mine, including, 
 tunnel excavation, tunnel lining, tunnel approaches, ditch, dams, saw "Inilt, pipiss and giants, 
 (i*^ghtage, buildings, derricks, &c., &c., is the sum of $78,690, as per my detailed report 
 fumishM you. ' ' . • 1 j 
 
 -As soon as tfie ditch can be constructed to bring water from the North Fork, and pipes placed, 
 »ork can be begun at the lower end of your mine, adjoining Antoine Creek. - -:J^ u -v^ j* 
 
 It has been asceruined in practice that one miner's inch of water will wash aa lilwBp' "M*" 
 cubic yards of gravel per day, so that with 5,000 inches of water, the right tO wUtil yott lliVe- 
 seeored, you should be able to handle 50,000 cubic yard»per day. ^This In a season of aaS^da^Sj 
 wfaich you should at least be able to count upon, would amount to the enormous quanttty 6t 
 11,350,000 cubic, yards, which at the very low average of lo cents, per cubic yard would yield the 
 haiUBome silm of $1,135,000 in gold per annum. ,; 
 
 In eonclnslon I am pleased to be able to stote that, after eareM ewuninatton, H is my 
 •pinion that in many respects your property is unequalled as a plaoer mine in the Provlnoe 
 tfiritish Columbia. 
 
 All of which is respectfully submitted, 
 
 . "^ J. W. TYRRELL, 
 
 - . Civil and Mining Engineer. . 
 
 N 
 
 i^ 
 
 TESTIMONY FROM VAglOUS SOURCES. 
 
 Bridge River is thus described by Dr. Dawson, chief of the Government survey, in the Geology 
 ical report for i994r page 119 R: ' 
 
 " Bridgb Rivbr. — 'Piscovcred in 1858, and soon prospected nearly to its sources, some mining 
 being done throughont. The coarsest gold is reported to be found atbng the first ten miles from the 
 mouth ; further oft, for about fifteen miles, more or less scale gold was obtained. A good deal of 
 .Miniaghas been done of late years in the. vicinity of the SSuth Fork, which is reached by a journey 
 '.•f three or four days from LiUooet, via Seton Lake and across the monnUins. It is reported (hat 
 one nugget weighing 33 ounces [worth $538] was foiMd five miles up Bridge Rivsr, and that in 1866 
 twe»vo Chinese miners obtained gold to the valee of $Cftoool^ wlng-daWrtning." .^ ;.;.«., 
 
 ' The Company have a letter from Mr. A. W. %m\\ M. P. P,,, 11*0 has rasided coatiniuMiSt); )«t 
 LiikJoet. since 18^, and whose business has been chieflf A* ptHrohWMAf'gfgld froi9 PWeer minflSfio 
 
 ,«te«KUs«y9: "BiitdgeBiverhi^yl^^ayiu^ it-hMs bw»_«iiiedwitinu- 
 
 owsiiy ii»ni!ii59 to theptesent tin^and the vlciM! of Hone sElDe Bend ha».lM«i<tlM hMt pMrt 
 
 a the river. I have not been at Htorse Shoe Bend» but all the miners spesk of it as » good loMti<]«, 
 and it would have been worked loitg ago had it not^ bean. ^. th« expeosc to be iflOHrr^.': 
 
 « •<" Mr; So'u^, Gbve^ent Gold Commissioner: Clinton, B. C, «irit«S : ; " I aliti hb^ in position to/ 
 4«th«*'nWch gbid has Ween taken oqt of BHdge River. Iri fact no bne can ana^wthat qjiestiony 
 '-'' ■ *• ' • •■ ■•^-" •-'-•-- .^-.^'•-L--*— . r^- »«.!_ u. .^ ^^ jn that period a grMt 
 
 W i«yi!>Wrf kndlrledge, I kfnbw tbit i^ httS b««fi workcKl for thirty yeSrs, 
 
 amount of gold has been taken from it, and I think 1 am safe Sn sayintf rtfat upto the presei^time 
 
 Mf-vMBr«vs Baldec. of Varicouver^ in a letter^ thus spesto of tiiift property: ^' la 1890 1 
 iWaMjup tbo- Hvsp! for i^t eighteen miles to look at some beach lands forplacfer miftil#i v^ 
 
 -• "•--•- - »• — ^* ' _*.i» — u — ■*'—^— *''''*■ '-—'' '^"'" *~'wnM' river. 
 
 buMtli |aMte«fere niMtly «a tho>(orth oe NwrthiMst of^ths sinrer. ibiit iH^iigh suid 4^ froa»t 
 .1^ Uw» < bBgt^we^^wwlF^wt*F»^hi<w^^ . 
 
 different spots, and we always in panning o*t the ground wtd grmVal '^rirovU «»t gold fivqwsntty *a» 
 MKhi^sgfkeeo and twenty ookw*. to the pno. ThegolAiiifrthe river ()M*W»'i«sw«*«|nr*Ached. 
 Th«in*iin»<done there has been mostly ^ng the 'rites h-iWs «*d>«n 1»rk"^ f ' •?•>-*.. i-^ ^wi* ,:■ . .-^ 
 
 \ 
 
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 Th* Wlowioff-extractkareUken from tbi B. C Mining Jour««l; ^ ^ „^ 
 
 , ^ , T^'«A»hcBrft. B.C. , -Oct, ipth^ 189(6. 
 
 / - 
 
 N 
 
 V 
 
 / 
 
 / 
 
 Baioo« RivBH.— Bridge River is atFracting a good deal of aUe'ntion thii-sea«on. A n«>n:*< «» 
 worth tiaS ^ r«i)ort«a,fou«>* •*»<>"' forty miles up the ri*et< b/an tndian called Hunter Jack. Sw- 
 •nl hundred" dollars were taken 9ut in close proximity by the same party." ,. 
 
 «• Ashrt-oft, B. Cv, Oct. 17th, i8g6. 
 ••"Briom River.— It is a perfectly^well-known facfthat Bridge River hasalways been noted for 
 iU great richness in pUcer mining, and not only fine gold- but nuggets have been found of grwat 
 valhe. Several miner's. visUing Uilooet for supplies, from that quarter, a few weelfs ago, spesilr^ry 
 bvarably of the mirtt's there, and vindicate with great satisfaction the reports that have been aHdat 
 for years as. to the extensive mining fields of that river. K% high as from $5 to $ 1 3 per day have been 
 ■wde there, not only by whites, but also by Indians aW Chinese, sometimes by means of sluice boxes 
 and sometimes by the rocker. ' We have reason to believe that Bridge River- *f ill be the mming sec- ' 
 tion of the future in this part of the country, both in placet' iind quart* mmmg, as it is only reason- 
 •|>le ta brieve that, where so «»uch gold has bMn found iii the bmches and banks of a river, there 
 must be some very rich ledges of quar«t In that vldtrfty." ^. 
 
 •^Mr. Tyrrell reports the approximate contents of the benches as 1 40. 9OO,QO0 cubic yal-ds (not 
 ioduding the riverbed), and, fHwyn the Additionallands are acquicwi. S66.900.900 «a»bic yards. 
 IVrefore th* following quotation is given, as well as the testimony from one of the employees of 
 TlM Bridge River Gold Mining Co., Ltd., as to the richness ofsomertt the benches :> 
 
 From the work on Gold Mining, by Dr. Egleston, of the tbiumbia School of Mmes, page aSfu 
 •ditioa of 1890, in which he says, concerning Hydraulic Mines : " When a mn\^ is fully developed, , 
 the returns arU^ery regular and unifohn. and, can be counted on with quite as much certainty as, . 
 for instance, iniSmufacturing pursuits. Indeed,- it is.iisually possible to estimate beforehand yith 
 cbnsidet^^ble precision whether the returns from j» given undertaking are likely to pay for the expense 
 
 •f opening the mine." , , .^ " „ . . *.. ^-^ u »«• -i -h t ^» a-.a 
 
 In August. «8t>6. j. C. Scott^.Superintendent of The Bridge River Gold MinirtgCr., Ltd., did 
 certain tasting by sinking shafts in thft benches around the Horse Shoe Bend, as shown on the map. , ■ 
 
 Tha foOowinc is taken from his report : " We put down three hole* back some distance from ed^ 
 jrfbank. andtwoin£4ceofbank. These holes are from 10 fiSet.to 18 feet in depth. We found 
 colore in idmdst every paix washed from upper part of bench, but .^ey were fine gtold. Now I do not 
 consider this a fair prospect, as we only got to where we might^tt to find gold, as what ye did 
 go through was very loose earth, |md we could not go deeper^phout Cribbing. We alsp went down 
 Mow on river eitoBpr foot of bank, and got in different pans as high as 10 cents [or »^io per cubic 
 y««ll, andmsomTiwitances iscentsapan[or$i5percubicyar41. . • ,, s 
 
 ' The Pompaoy have a sample bottle of gold valued at over $ js.oo^en from a pay strfeak ori the V ^ _ 
 gravel flata insid«'of the Horse Shoe Bend, which repr&ents the result from the washing of twp. , ,5: 
 barrow loads' of fHavel (equivalent to about $140 p*r_ cubic yard), Th}s is certified to bx 'H. F. 
 Hooper in a letter bearing date aoth August, 1893. -^ " ' •• 
 
 fh August, 1896, Mr. John G. Y. tturkholder visited the^proparty. aod the following is taken , 
 frpm hia report i" — 
 
 " The Chinamen wofjced over the surface of ,.a small portion of the lower bench in claim for a , 
 number of years priorldaur securing it, and in that time have taken out large quantities of gold, 
 estimated by rdlable authorities to be over $i,ooo,doo. 1 may say that in no case havel been able . 
 to find that they^ver got^own u> a depth of more than six or«ight feet from the surfiu:*, and in no ' 
 , known case did they oever get to bej{ rock, where ^aturaU> the gq|d would be found in the greatest 
 ^uantity."^ ' v 
 
 * If taeh UrM retains as mentioBed abore hMre rasnlted (h>m, the woiriciiiflr of the 
 snrteMB of the benehee of the river by erode methods, it is bat lUr to asiame .that ' 
 the results of deen and taoraaflrh utaridur of thr rieh river bed and benehes tgr modem 
 InrdraaUc maehinery wlU be soMWt mSCSf^ to the shareholders of tUs' Company, 
 partlenlariy when it is remembiBred that the eoM of hydraulic minln? under (kvorable 
 elreamstanoes rarely exeeeds five eents per eulp yard. 
 
 Up to the present the placer mines of British Columbia have turned out nearly $90,000,000 
 in gold, and in a paper read before the General Mining Association of the Province of Quebec, by 
 Mr. John B. Hobson. a Callfemian minlng^ei^naer of |ride experience, who is the manager of the 
 Cariboo Hydraulic Company and the Horsefly Hydraulic Mining Company, the following opinion of 
 the value of the auriferous deposTt^ of this Province was expressed>~T , ( - : 
 
 "The auriferous deposita of California remaining unworked ai-e estimated at a, io8,875,ooo- 
 cubic yards. The gold tenure of thefc gravels vary from'one to thirty-cents per cubic yard, and the 
 total gold dbntent estimated at about $500,000,000. ■' 
 
 " I have seen in British Columbia, included in the Yale. Lillooet and Cariboo districts, three 
 times the area of auriferous deposita' that are known to exist m the whole of the State of Califorhw. 
 
 " The British Columbia gravels that 1 have examined, and that may be considered available for 
 hydrayfic working, yielded riwulta Varying from dhefent to $1.50 per cubic yard, and as a whola 
 average richer than any I have jseen in California. ^''-^., ' 
 
 '«Jn some prbpeKies examined, I sainpled streaks, some of which were on bedrock and Others. 
 
 -150 feet above the bedrock, that yielded prospects varying from $a to $36 per cubic yard. We have 
 
 ao such rich deposits in California. ^ • .. r l •' 
 
 " I do not hesitata-to predict that the day is not far distant when the gold output from the auri- 
 ferous placers of British. Columbia will not only surprise Canadians, but will astonish the civilised 
 world." . ' i ' -,.""■.. ':. ..» ... ■ 
 
 • PARTICULARS QF PURCHASE OF '^ftOPERTY. , 
 
 ' The purchase price of the said rJKhts is toixrthe said 750,000 «hay« «rf «tocJi '"^'''. ^tVS*^' 
 ^, aiich shared Wl» IppOrttBfledMtMlOwsrT 400,00a ordinatjr aharef-t^be set asW* for th«t 
 
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 ShMvhokkr^ in the old CompaOy add pwdsd as hereinafter mendoned, and tharemaining 350,000- 
 •hares to be deposited in the Treasury for the following purposes, via : . 100^000 shares, or such. 
 
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 8iiMll«r or larger numb«r^«s may Im deemed necessary by the Directors, to be sold for the purpose of 
 devdopfaw and equipping the ptoperly, an4 35,000 (and no more) of such shares to be transferred t« 
 the 3hn«nolders of the old Company to recoup them for past development and preliminary expenses, 
 
 and all of such 350,000 aharea to disposed of, to be pr«m«iitial nuunw, United or teraoMiable, 
 
 in the manner hereinafter set forth, and Mll'sharcs comprised in said, 350,000 shares remaining undis^ * 
 posed of as aforesaid, to be issued aa common shares upon the termination of such pnribrantlal 
 diares io the said event and divided^pro rata amongst all the Itoddioldon in the new Company 
 ' (wcluding the purchaaera of the prefereotial Stock)! 
 
 ;•-■•;.. 7-^' - - -^' ' ■ TERMS- ■ OF . SALE OF STOCK^ ^ : /:■■-■- -'l ' i'I% <.■" ][!, 
 
 Tba Company have decidedto ptj^r a limi^ number of shares of the preforre4 BtSlM'f'^'''^ 
 public at ^M dollar per share, fully paM and noprMseaaabie, for the purpoee of providing l<irm# o^ 
 struction of the several works, the Qece«a«ry plaot for the operating erf the mine and the paynwii^ of ' 
 the prelioiiaary and incidental expenaea. 
 
 Tbe pwferred Itoek will be sold on the foUoWing conditions : Tin $400,000 of. common stocl^ 
 paid to the vendors is to be pooled and eannot Iw ORiWOd fbr iiito until the prtfin'^ltlal shares 
 
 are redeemed or roealML * ' •■■;. •^';,t ■-;... ,:i,;,.'-.,-- ''■■,^' 
 
 The Company shall have the privilege, as sooii'M ttie^ tMiv« an Amount in th^^^asui^^ derived 
 
 from the mine, equal to the par value of the preferred atOtek disposed of aa aforesaid, to call in the pre^ 
 
 ^ferred stock by paying par for it with intereit at SiX per OOM. per annum ft«m the time <tf salo ; 
 
 but should the holders prefer, they shall have the option «f taehUffillgr theis preferred StOOk for 
 
 common stock at the rate of six shares of oommon stodc torwmj^lhfi duuras ofpretonred 
 
 StO^ In order to secure this end, no dividends will be paid on |iny stock until the preferred stock 
 is recalled or disposed of as aforesaid. ,. ■ . j i. -; ■ ^f- 
 
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 ,,. ADDITIONAL ADVANTAGES. 
 
 As soofl as the Com'pany shall have paid dividends equal to (50%) fifty per cent, of the capital 
 stock, the Directors may then divide any Treasury' stock remaining duongSt aU the Stodk lumwrS 
 of the Company in proportion to their respective h<ddlngK ^^ 
 
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 To make the foregoing condi^ioHa ctepr ; Suppose 100,000 shares of the preferred Stoeka^ 
 sold, aa soon as the Company has ittih dMrlvM firom the mine tO pSj Off the $100,000 and ii>- 
 lerest,thay ahall have the privil^e;«f ref^lfng the preferred stock «• aforesaid, bul^ it is not likely 
 any holder would be wtttinr to aJaf^tUuib jrhen ttM)r*> sucK anamowt in tiie ftMtoTi #»<» l» 
 has the option of fy rtl |M[lny / fyafy., jIkMIP aharea 6a holds fsr MO^O shares ol common atadc. 
 Should every bolder «f|miaffiwlatailk«ae|ange for confmon 4tock. theti a dividend ci about Jll^ 
 eould be t^Mia <ii|rt'<i|'ii^»^t^.>^«,v*-' - . ■ \ "■",:. 
 
 Tkimt iiii j' tii i i i tlO U "tj O Palie K i jkf>MfHTeA|tMk t(roul<^«»4iy be getting U aiehanii' 
 l.tOO shafes of eimiaion stoek and k ehecuie fbr at least VMO. so that such t ,aeo•haf«lr 
 similar |o toe.mofMnWif*-<n wIWiMPTOFiM-fn -siohjI^j ^i%ti\y». ot tyfuni ■•{/;* ■r-.,><i. ¥-;*-■ -hm i,r-., >,■ 
 
 The various ItUtiifihiitten cotincdM^Mfh tfte ai)rr|fln^ Mt' of this pibspectus wiA be effectuated 
 under the advice of the Solicitors of the Company, and will contain such conditions and provisibna 
 «fl they may advis«,|^ h|»j|p^ «ocordfo<^ with thf 4M Company'a Act of 1890. and amending Acta. 
 
 .The Stidc ltt«il%ittild for wImb HHS mt V lML The stock book* ar« now (mefl and atddt Mi^ 
 be applied for on tlM>ab|H|aition form to the Provisional Secfet«ry«TreMurer, at the temporttry oBei 
 of the Coaipany, 30 Kiiutmt^eet Baat, Hamihoo, Ontario, Canada. '- ■ v 
 
 Applications for stock may be made by letter or telegram, aa<l!l^>«9 lis dlkd M tlw wiMr 
 in which they ar^ received. Remittan^ea with fpplicatiQna may be antd* 1>7 iwnk draft, poet office 
 'ehkror <9«(lMd daequts payable to ttepfftitioM |bMBNia»*TrMMVt«r^ 
 
 .imway^imuimM' **» ri i i m i ^ .-iMii-iiw jIm 'Mi m m tt\ $ t i :m» m't i U f i . imm /hm tut mint* 
 
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