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Lethbridge Herald Newspaper Archives

- Page 12

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Lethbridge Herald (Newspaper) - August 30, 1906, Lethbridge, Alberta Mines and Works are situated at te...... DIAMOND CITY, ALBERTA Six Miles North of Lethbridge NON-PERSONHL LIMBIL-ITY Capital Stock, $ 1,500,000 DIVIDED INTO 1.500.000 SHKRBS HON. G. H. V/BULYEA/'Presideri^^^ DR. C. W. CLARKE, Vice-President, Winnipeg G. F. STEPHENS, Manufacturer, Winnipeft ^1^^ THOMAS UNDERWOOD, Contractor, Calgary, Directors E. E. REYNOLDS, Mine Superintendent, L. M. JOHNSTONE, Barrister Lethbridge, Solicitor, UNION BANK OF CANADA, Bankers Head Office, 1005 Underwood I^Iock, First Street West, Calgary The property owned by the company is 5,182 acres in extent. It is situated on north side of the Belly river about six miles from Lethbridge, in Township 10, Range 21, west of 4th Meridian, and consists of part of sections 5, 6, 7 and 8, west half of 16, sections 17,18,19 and 20 and west half of 21. , * Mr. F. B. Smith, B. Sc., M. E., estimates the quantity of coal with an approximate thickness of 4 ft., 2 in., owned by the Company, at 33,000,000 Tons. Mr. E. E. Reynolds, Mine Inspector, places the quantity at 40,000,000 Tons, and the average thickness of the seam at 5 feet. The cost of mining is about $1.60 per ton, and the average market price is $2.60, leaving a clear profit of $1.00 per ton. The Canadian Pacific RailwaV are changing their line from Macleod to Lethbridge, as they intend to build a High-Level Bridge at Lethbridge. It will bring the Company's Property within 4 miles of the railroad. The Jpompany intend to build this four miles themselves, and put on a locomotive and operate the same so as to save ihe switching charges in the future. aT" pne-quarter Cash, the remaining Three-quarters payable in 3, 6 and 9 months respectivliy. Business and Residential Lots In DIAMOND Faymtntt Spread Over Two Years. Jipedal Terns to Bii|iikeu Men intoiding to bidid witbin  year mm 1116 IP m ftirther mformataon supplied on application to Agent, Lethbridge, Alberta ?657 ;