NEW ZEALAND GREENSTONE LIMITED.

Dominion, Volume 7, Issue 1872, 4 October 1913, Page 6

NEW ZEALAND GREENSTONE LIMITED.

WHAT IT INTENDS AND WHAT IT ANTICIPATES. At thi,s stage, when all investors and readers of newspapers arc interested in the talk about the big now possibilities of greenstone, Mr. Francis J. Wallis, the director of New Zealand Greenstene, Limited, now in Wellington, tells a news-paper-mail hew the project stands. "First of all, we put nephrite, the jeweller's stone, out of reckoning. It is a valuable by-product, and wo can make' a hamteame profit on nephrite alone. But we don't reckon on that: it is a side-line. Wo rely on serpentine. I have nc hesitation in saying that for genera! purposes it is the finest a.nd most durable decorativo building-stone on earth j and apart from one or two little pockets of inferior stuff, wo hold the world's supply of it. Reducing our prospects of profit to their lowest possibilities, the company' will clear about ,£29 Bs. per ton on the finished product, and working four shifts only wo can produco four hundred tons a week. "Demand? I should ray so. I air. merely talking cold ' business tali when I tell you tat I can set no limit to the demand for this stone, and I havo been investigating systematically for months past. "The pioneer work has been done. The perfectly effective and costly modern machinery has been ordered—indeed, it is now nearly all on the ground. ,We are ready to start. The serpentine is accessible, and when wo onco commence operations we can fro oiv turning it out without break or hindrance week after week all the year through. At tho outset wo shall bnvo to face a big and increasing demand in Australia ; but as we go on we shall be abie to deal with the great European and Amoricati markets. TJio possibilities &ro enormous."'