Page 3 Advertisements Column 3

Evening Star, Issue 3516, 1 June 1874, Page 3

Late Advertisements. J> ROspeotus OF THE OTAUO PA PER. MAKERS’ COMPANY (LIMITED). CAPITAL £15,000. In 3,000 Shares, of £5 each, with power to increase. Deposit on application, 10s, and on allotment 10s per share. Provisional Directors : Mr Horace Bastings, M.P.O. Mi George Bell, ‘ Evening Star ’ ® a l^ er, » Merchant, Invercargill Mr D. F. Mam la^d* 7 ameS ars^ Marshall and CopeMr John Mitchell, Fergusson and Mitchell Mr Andrew Mercer, Mayor of Dunedin Mr Edward M‘Glashan, M.H.R. Mr David Proudfoot Mr C. S. Reeves, M,P;O. Mr Robert Stout, Barrister, M.P.O. Mr Robert Wilson, Merchant Mr C. W. Flexman, Merchant Bankers : Bank of New Zealand. Broker: J. B. Bradshaw, Temple Chambers. The great consumption of paper in the Colony is very remarkable. The Customs returns for the year 1872 show the impoited value to be the large sum of L 83.382, Much of this money would be saved to the Colony in the establishment of Paper Mills, giving employment to many, and utilising the waste products and the natural grasses especially adapted for paper-making which so largely abound in Otago. It is therefore proposed to form a Company for the manufacture of paper on a moderate scale at first, but which may afterwards be easily extended. An arrangement has been entered into with Mr M'Glashan—who has for years devoted much attention to the subject—to acquire from him several important concessions in connection with the Government Bonuses, amounting to L 4.009, and also the valuable site for the mills he has acquired at the M ataura Falls, for which he will accept 200 paid-up shares of the Company. .The proposed site for the mills has many advantages. The immense water-power in point of economy for the driving of the machinery will be very great. The land consists of 25 acres, and adjoins a coal reserve, and coal is seen bn the property itself. The main line of railway from the Bluff to Dunedin runs through it, and a station adjoins it. The raw material which will principally be made use of in the manufacture is in great abundance in the surroundin'* districts. ° Survey and levels of the mill site and race have been taken by Mr Brunton, C.E., and plans and estimates of machinery have been procured from Britain. The services of a thoroughly practical paper-maker have been secured, who will also take an interest in shares of the Company. The material to be used has been tested by paper-makers, both m England and the neighboring Colonies. The Directors, after careful inquiry in England and elsewhere, and from estimates they have received, have satisfied themselves that the capital of the Company is amply sufficient for the establishment of a mill for the manufacture of at least 500 tons of paper annually, dud from the rate at which paper is now sold they have little doubt that the returns would enable them to declare a very handsome dividend annually. Nearly one-half of the shares are already taken up, and the balance are now offered to the public. As it is desirable to commence operations as early as possible, application for shares should, be at once sent in to Mr Bradshaw, Dunedin (in whose office will be seen specimens and plans), and Mr Calder, Invercargill. A meeting of Shareholders will be called for the election of Directors, immediately after the establishment of the Companv. A MEETING of the Roslyn Institute will be held to-morrow (Tuesday) evening, at 8 o’clock. Business : Consideration of the views on “ Advanced Thought,” enunciated by the President in his iuaugural address. The attendance of members and visitors is requested. FOR SALE, Cheap, 8 hj. p. Engine and Boiler. Apply, Hudson and Co. [Card.] j^EC HIVED from Messrs Mercer and Beffernan the sum of Seven Pounds Ten Shillings. MRS. HAGARTY. May 30, 1874. In the Resident Magistrate’s Court, Dunedin under Distress Warrant. KEAST & M‘GARTHY V. FORSTER. NOTICE is hereby given that the goods and chattels of the above-named defendant, and consisting of household furniture, stock-in-trade, and other effects, will be sold by public auction on Wednesday, the 3rd June, 1674, at 12 o’clock noon, on the premises, Artillery Hotel, George street. Terms cash. JOHN HUGHES, Bailiff. TENDERS. TENDERS Wanted, for building Shop and Residence at Kensington (of wood) tiU Wennesday, 3rd inst. 5 V Plans and specification at the office of the undersigned. E. J. SANDERS, Architect and Surveyor. JjIRESH TENDERS invited for Normal and Art School Buildings. Fifteen months for completion. Tenders to be in Government Tender Box by noon on Tuesday, June 9th. DAVID ROSS, Architect, . Princes street. TENDERS wanted, till Wednesday, June 3, for Plastering and Painting New School, Albany street. Apply at the building, F. Siedeberg. ryiENDERvS will be received; until Friday, sth June, for the erection of a brick shop in Great King street ; labor only. W. Harrop, Albany street. f | TENDERS are invited for the erection of new Offices for the Standard Insurance Company. MASON & WALES, Architects,