Page 5 Advertisements Column 1

Dominion, Volume 7, Issue 1873, 6 October 1913, Page 5

THIS SUBSCRIPTION LIST IS NOW OPEN FOR PUBLIC APPLICATION. IT WILL DEFINITELY CLOSE ON OR BEFORE SATURDAY, 11th OCTOBER, 1913. Issue of 1 Reserve Shares ABRIDGED PROSPECTUS limited CAPITAL - - £60,000 DIVIDED INTO 60,000 SHARES OF S1 EACH. 48 000 Shares are already issued in accordance with terms detailed in tho R TaOOO ! SSu«n B Sh„e. now .(toed te .«b----2)6 P«rShaM upon allot. further rails will" within two months of allotment and then only as required at intervals of not less than one month and in calls not elCe if l theTss P u"fs l over-subscribed the shares trill be allotted in priority of appliration. share 3 allot M is lcsa the number applied for the balance of the application money will be applied towards payment of the " llo KlTaSank equally as regards dividends and capital, according to the amount paid up. Street, Sydney; Francis J. Wallis, Investor, 58 Pitt Street. Sydney. ' Haw Zealand Advliory Oommlttes: _ ■ WALTER CLIFFORD, Gentleman, Christchurch. PERCY A ELWORTHY, Gentleman, Timarti. J. W. HANNAN, Barrister and Solicitor, Greymouth. Hew Zealand Dlreotor and Attorney: MICHAEL HANNAN, Barrister and Solicitor, Greymouth. Bonaultlng Engineer: G. A. JULIUS, B.Sc„ M.E.. M.l.Mech.E., Sydney. Bankers: BANK OF NEW ZEALAND, Sydney and Greymouth. Beoretarfo9 and Reglstorad Officer t a «rANnRETT A F.1.A., A.1.A.V., Dibb'a Chambern, B8 Pitt Street. L A Sydne°andXW. HANNAN, 4'Werita Street, Greymouth, N.Z. REASONS FOR-ISSUE OF RESERVE CAPITAL.—The Plant at first determined upon is rapidly nearing completion, but in view of the latent information regarding the markets for the various products, it is felt imperative to augment the previous plant by additional machinery to stil further reduce cost of production, and so enhances the investment. The aerial ronewav now being installed will bring down 100 tons of rough stone every 'X houra The selling value of this will be so greatly increased by shipment ifthe tem of sawn slabs that it is. considered essential to instal-suitable sawin" machinery on the property. With this proposition the &.Z. Adusoi j Committee are entirely in accord, and the Directors have 110 hesitation m recommending the issue of this reserve capital to ensure efficient results. Briefly, the objects of this issue may be summarised as follows.:To ™mnlate the erection of the Plant and Machinery, now well adrancedJ incfuding Aerial Ropeway, and for construction and dC additional Plant and Sawinfi Machinery at the seat of world. To provide working capital. , PROGRESS.—The Eoadway from Kumara Main Road to Lynch s a Siboiler plant are at the site, and other plant is in transit All Athi, been pSSn order, wilh the exception of the Sawing Machinery anTminor equipment. None but the very best machinery has bee,i ordered. Tt is estimated that-the total cost of the plant, machinery, erection of same, ' and allowing for all costs and expenditure so as to put the Company on plete and thorough working basis as a going concern will be ±,23,000, which would then allow £5,000 for Working Capital. MARKET.— Jndjiilg atone) Si Nephrite® (tho ("no'Snto doSbt that. irc*dv an'dlncn.tlro Immedlato market is assured for stone ot this quality. rnmmanwealth Government have decided to use a quantity of our dccoratlve greenstone in connection with the new Commonwealth Offices in London. ■ Many eager inquiries tor Nephrite have come from Germany, where large quantities of this semi-precious stone are worked. • PRODUCTS.—These consist of Greenstone, Asbestos, Soapstone, Timber and probably of Platinum. „ , „ nr{wn * h 'fl minds of the public owin* to the name Greenstone being ,i 9CO n<. tho ieTOliOT^qiialityknownssAlsjlrfte.' Thisheantifnlsemi-prcc oas usually sraornusijilh to tHies relatively-that is to the present snpphes; stono is ava ittbli! m comp»rau\ei> extensivo and profitable business. Tho but It is to llie Serpentine the <*>"'!." y „i t i,j n the Company's areas are incalculably great. As deposits of and grey SerpenOToWjl e „ n se , uis maintained that the Rising. It is arc C ft o"SbSutl^OOOMreU a ~itafnta"l» P lU?Pine aid Totara Woods. This area should prove a valuable asset. PROPERTY.-The c {]J™westlan" a ffining' of tenure, and 496 acres ore under ordinary prospecting license^. PROSPECTS.—The future of the Company is particularly bright, n ii thh nreliminary difficulties and engineering especially, now that all ""M? Th . absolutely no doubt that the problems nave been va i ue , an d there is every reaso'n to the proposition is a tfoini concern, good and regular dividends will be maintained. . The Directors have no hesitation in recommending the Company from an investment point of view, . . It must be remembered that the Company's agojtoof thjtawrt and only deposits of sneh commercial c - onllnercl . a vnU io inlinitosimal in lerent countries, but these. are.so sm m & hm vreM , t practically a and holds 1,50 "><= only accessible large deposits of Nephrite. T«iino Q/» urT' s i:s^ is a very ready aai ° at a bighly remnnerauve available Is prnoticaUy lnexhanstiWe. d and cheaply from lhe outcrop - iU 10 ™ rted t0 tho efficient type, and should give no trouble in ° PSra There is no doubt that it will stone at a cost: whichiw.ll allow.of a• ™J^ r °i™ 0 0 p n i y equal to that assumption that the Serpentine bl The beautiful colour and n',S"« ofThKS the hl„he.t pricc, for mt.rn.l gaflsfied that the prospects of yonr Company are extremely good. INTIMATION TO INVESTORS !-Early and urgent application fnr- Shares is essential as only a comparatively small parcel of the 12,000 Rliarps ch it is iiitemlcd to place in New Zealand will be for tne " list" the Shares, in order that quotation may regularly take place. Applications for Shares-will be received in Wellington on behalf of the Company by ■ MR. A. T. BATE, 'Nathan's Building, and by ( MESSRS. WATKINS, HULL, & WHEELER, Johnston Street, ,160 at the BANK OF NEW ZEALAND, in Wellington, and its principal branches.

Distinguished Ford Ownsrs. . EARL ROBERTS, V.C. I' THE DEAN OF "WORCESTER. THE EARL OF HARDWICKE. j THE EARL OF MARCH. • j THE COUNTESS OF DYSART. THE COUNTESS OF GLASGOW. • ■LADY SPENCER CHURCHILL. LADY COWDRAY. 28 fi.p. Runabout, 2-soatcr £199 20 fi.f). Touring Gar, 5-seator £205 All Ford Corn ore fully equipped. ■—:—« Sole N.Z. Agents i THE COLONIAL MOTOR Co., Ltd. | COURTENAY 'PLACE WELLINGTON. j