Page 3 Advertisements Column 5

Dominion, Volume 7, Issue 1872, 4 October 1913, Page 3

THIS SUBSCRIPTION LIST IS NOW OPEN FOR PUBLIC APPLICATION. IT WILL DEFINITELY CLOSE ON OR BEFORE SATURDAY, 11th OCTOBER, 1913. Issue of .Reserve Shares . ABRIDGED PROSPECTUS lEiliUiiiEßTiE ILX'imcxtxid CAPITAL - - £60.000 DIVIDED INTO 60,000 SHARES OF £1 EACH. 48 000 Shares are already issued in accordance with terms dotailod In th« Prospectus originally issued. •' 12,000 Contributing Shares are now offered tor nubocription, at par, payable _ _ 2|6 per Share upon application; 2/0 per Share upon allotment. Theso have been previously hold in reserve. No further calls will bo mifdo within two mouths of allotmont ana then only as required at intervals of not less than one mouth and in calls not exceeding 2/6 per share. , , . ', , _ v If the ißsuo is over-subscribed tho shares will bo allotted in priority or ■ application. numb(jr o{ Bliarea a u o tted is less than the number applied for, the balance of the application mpney will bo applied , towards payment of tho allotme equa j ly ns re g ar ds dividends and capital, accordinrf to the amount paid up. Australian Dlrootors: Horry ChambersKent,M,A./F.R.1.8.A. Archltflot, Alexander H. Micffregor, Solicitor, Sydnoy; Edivard W. Kington, Merchant, 2.8 Pitt Street, Sydney; Francis J. Wallis. Investor. G8 Pitt Street, Sydney. , Hew Zoaland Advisory Oommltteo: WALTER CLIFFORD. Gentleman, Christchurch. PERCY A. ELWORTHY, Gentleman, Timaru. J. W. HANNAN, Barrister and Solicitor, Groymouth. tlcw Zealand Director ond Attorney: MICHAEL HANNAN, Barrister and Solicitor, Greymouth. ( i otmuttlns Engineer: (2 A. JULIUS, B>Sc» M E., M.l.Mech.E., Sydney. lankore: BANK OF NEW ZEALAND, Sydney and Greymouth. Beoretarleg and Registered Offices: r A ecANDRETT A.F.1.A.. A.1.A.V,. Dibb'o Chambers, 58 Pitt Street Sydney; and J. W. HANNAN, 4 Werita Street, Greymouth, N.Z. REASONS FOR ISSUE OF RESERVE CAPITAL.—Tho Plant at first determined upon is rapidly nearing completion, but in view of the latest information regarding the markets for thei.various products, it;is felt imperative to augment the previous plant by additional machinery to still further reduce cost of production, and so enhance the investment. 'I ho aerial ropeway now being installed will' bring down 100 tons of rough stone every eight hours. The selling value of this will be so greatly increased by shipment , in tho form of sawn slabs that it is considered essential to instal suitable ' sawing machinery on the property. With this proposition tho N.Z. AdvisoryCommittee are entirely in accord, and tho Directors have no hesitation m recommending tho issue of this reserve capital to ensure efficient results. Briefly, the objects of this issue may be summarised as follows To complete the erection of the Plant and Machinery, now well advanced, including Aerial Ropeway, and for construction and development work. «... ... . \ To instal additional Plant and Sawing Machinery at the Beat of ... • operations to cheapen the cost of production. . To pay the cost of appointing Selling Agents throughout tho world. . ' To provide working capital. PROGRESS.—Tho Koadway from Kumara Main' Road to Lynch's Creek and the bridge across, that creek are now complete and in use. The two', Steam Tractors arc in commission carrying the plant to the site. Back-loading is being earned in conveying timber from private mills mto Kumara. J. be Power House is being orected. Tho foundations for tho trestles of the Aerial Ropeway are being made; this work entails considerable time and cost. Plana and specifications for the plant havo been prepared; the quarrying machinery, rock-drills, and boiler plant are at tho site, and other plant is m transit. _■ All plant has been placed on order, with the exception of the Sawing Machinery and minor equipment. None but the very best machinery has been ordered. It is estimated that tho total cost of the plant, machinery, erection of same, and allowing for all costs and expenditure so as to put the Company on a complete and thorough working basis as a going .concern will bo £20,000,. wlilCn would then allow £5,000 for Working Capital, MARKET.—Jndeing hv nnmerons inquiries from different parts of the world for the two varieties of Greenstone, viz., Serpentine (the decorative building stone) CJj trno New Zealand JoweUerv Greenstone), there is no reason tb donbt that a ready and lucrative _ ' market will.bo available sn'ffleiontlv large enough to keep the plant gome.in full' B wlng. In confirmation of this it may bo stated that samples of Serpentine have been irabmitted to various largo manufacturers of marble goods in Great Britain, who report that an. Immediate market is assnroi for stone of this quality. Tho Commonwealth Government have decided to u»e n quantity of our decorative Greenstone in connection with tho new Commonwealth Offices in London; Manv eager inquiries for Nephrite have como from Germany, where largo quantitlw 01 this Bemt-preclsu? bI«ho are worked. " , t PRODUCTS.—These connlet of Greenstone, Asbestos, Sonpstone,! ; Timber and probably of Platinum. ' TvrfenninpnHnii lias urison in the minds of tho publio owing to the name Cranstone being tisnall^nssochted with^tho jew^le^-qnali tvkirown asNephrltc, Thisbeautlfulsemi-precion.- . , 7 n vnil-ihl- 1 in comwrativrlv largo quantities, relatively—that Is to the present supplies! ! ,?» ?» (= Milcompany wil look for in extensive and profitable Iraslness, The 4if M *nd CTCT!bin tho Company's areas are Incalculably great, As ■ " weU 1,8 int r al ."ft." 18 th j" ' This area should prove a valuable asset. PPOPERTY.-The Company's property oovers an area or 5,496 aoru, comprising all the known nephritic (Greenstone) deposits In He Westland Mining District. 6,00® aoros of this are hold under mineral prospecting warrant Bccmvertablo Into mineral leases of 83 yearf tonuro, and 40G acres are under ordinary prospecting licenses. ... PROSPECTS.—Tho future of the Company Is particularly bright, • ■ • that all the preliminary difficulties and engineering overcome. There js absolutely no doubt that tho rSS hold's propertico of Incredible value, p.nd there is every fca?on to beUeve th£t when thapropositlon Is a. going concern, good Rnd regular dlvici«nds will be maintained. The Directors have no hesitation in recommending the Company from an investment point of view. It must be remembered that tho Oompan/s deposits of Greenstone ore the Iwrat vii nnir rfnnnaU* of snch conrm'ercial value knovra in tho world. There arc other deposits In dufflrmit countries, bnt Iheae arc so snrill as to mnke their commercial valno lDflnlt«slin&l In th/fl Compitiiy's. This means thai the Oommv has at present practically a, puriK!eSi and holdß also tho onr y aoces,llle - ' large deposits of Nephrite. ' . ' * , iSanv samwes of the true Greenstone were found and Utefe can bo,no doubt that In nnarrv Snhe top.ntine, your Company w.UI secure considerable quantities.of Irua Nephr to, Kw Zwland Greenstone, for which there is a very ready sale at a highly remunerative Prlo "'Durlng a seoond visit, more favourable wealher prevailed, and I was able to oloMly examinethe nature and.slse of the Serpentina outcrops, satisfying myself that the quantity aTOU 'The Hopeway to be transported and ehoato® crop on Jit. (iriffln to the head of the Company's road, from which it will be transported U> th« oMhe'efficient type, and should give no trouble to operation. . There Js no doubt that it will be posoible to quarry and transport •tone at a coat which will allow of a very handsome profit, even oni the . stone r .. t li, a rcalißcs a price only equal to that • » marble. The beautiful colour, and °lgSfnS of this stone will command tho highest prices for internal decorative work. ; • • ; Prnm tho farther inspection of yonr leases, and also from tho particularly oncouraglng reports »ve been r«eired regarding the markets for the stone,! am now morethanever tatlsfled thut the prospects of yonr Company are extremely good, -I INTIMATION TO INVESTORS !-Early and urgent application for Shares is essential, as only a comparatively small parcel of the 12,000 Shares which it is intended to place in New Zealand will be reserved for the Wellington Provincial District. The balanco is under requisition elsewhere. It will be arranged to enrol Shareholders in this Dominion on a New . Zealand Register-a .distinct convenience and practical advantage. . The Stock Exchanges of both Australia and J»ew Zealand will be asked to '" list" tho Shares, in order that quotation may regularly take place. Applications for Shares will be received in Wellington on behalf of th# Company by MR. A. T. BATS, 'Nathan's Bulldlntf, and by MESSRS. WATKINS, HULL. & WHEELER, Johnston Street, at the BANK OF NEW ZEALAND, In Wellington, and its principal branehel.

1 , |if A^ l J^ll C B| | 0g 'HOMES'. : .;gl \. | |j ; Tls the general impression that Modern Furniture that it artia- § 5! tio will not endure. , 1 . "I* JjJ This, however, is a mistake. For instance, £ * Collie's Artistic Fupnitupe. - t 4" 1 • A being strongly built of tlio fineßt timber, will stand the toßt of gj >U time, equally as well as "old Chippendale." , • _ 3,' $ You can buy Furniture hero that is both artistic) in design and 3, •& satisfactory in wear. _ . T >|< Our Furniture doeß indoed make artistio homes. T' | EDWARD COLLIE, ''Ltd., J |) Tel. IG3I. ART CRAFTSMEN, 107 EIDDIFORD STREET, NEWTOWN. |j SillTerriterials ib" Camp f WILI ' ' FIN:D AN ' Electric Packet Light j . £l on " eff«rvoaccn I I i Stovem Health Salt cw VEUY HANDY. morning fo tone up tho slueijisli "<3!! « liver promote appetlts, and help digestion \| ' , Stevens' I - eedsrhohn & Son Health (§Cf/£ j MANNERS STREET, oicarsbrainandbodybypurifylnrtheblood 1 fl * ta S 1 BELL THE RELIABLE AETICL3-