A GREAT NEW INDUSTRY.

Dominion, Volume 7, Issue 1874, 7 October 1913, Page 8

A GREAT NEW INDUSTRY.

c THE REMARKABLE POSSIBILITIES OF SERPENTINE. INTEREST becomes increasingly kee in the proposals of New Zen land Greenstone, Limited, the com pany lvhieh has acquired right over five thousand odd acres of th finest greenstone country on the Wes Coast, and is chiefly intent on introduc ing serpentine to tho building world Nephrite, the jeweller's greenstone, is sol by the pound and is of high value; bu though' there are rich deposits of nepbrit on the companies property, it is only by-product, and incidental advantage. Th demand for serpontine must bo constan and it may easily become enormous. Th company can supply serpentine to mes any demand. Serpentine is the perfect and ideal d< corative building-stone. For external uses, there is no other that compares with it. It. does not stain or pock, and it is imperishable. It is rich in 'dignity and character. It is not brittle, and will stand any ordinary impact or strain. The company can tell polished serpentine at a lower price than has ever before boon QBked for any decorntivo building-stone comparable to this in clas.*? and quality/ and still make a most handsome profit. Working only four eighthour shifts, New Zealand Greenstone, Limited, can immediately produce hundred tons ft week.- The commercial prospects of tho enterprise _ seem snro. New Zealand serpentine is practically unique, and the company will tlrns enjoy a worWs monopoly. This is a rei7 important matter to consider, because it means that this New Zealanc industry will not be imperilled by competition with cheap labour ond other imdesirablo conditions in other parts of the world. There is no risk of anybody else producing the stone cheaper, since nobody else can produce it at all. , The Australian directors,_ mon of higti business repute and integrity, _ aro all solid enthusiasts for serpentmo; and thev are ably backcd nji by the New ZeaIn ml directors and advisory committee:Messrs. Walter Clifford, Percy A. El worthy, and J. W. H-inn-iTi. These, gentlemen have gone into tho proposal an< tho prospects thoroughly, They havi satisfied themselves by personal inspec (ion that the company's available sujmli of serpentine is inexhaustible, and tha' the possibilities of the market are ill calculable. It rather looks as if tin new national industry on the West Cons is to develop into a very big national in I duatry indeed.