Page 2 Advertisements Column 2

Evening Star, Issue 3797, 26 April 1875, Page 2

PROSPECTUS. PROSPECTUS OE THE ROYAL N EW ZEALAND POTTERY COMPANY (LIMITED). Registered under the Joint Stock Companies Act, 1860, Capital £30,000 In 12,000 Shares of L2 10s each, of which 800 shares are already paid up, representing portions of the present capital of the Company. Five shillings per share to be paid on application, and 5s ou allotment. A call of 5s per share to be made three months after allotment, and no further call to exceed 5s per share, payable at intervals of not less than three months between each call. Provisional Directors : W. A. MURRAY, M.H.R., Glenore HENRY CLARKE, M.P.C., Tokomairiro JAMES GOOD ALL, Mayor of Milton ANDREW M'LAREN, Stock-dealer GEORGE COOMBE, Settler JAMES ELDER BROWN, Settler - JOSEPH MACK AY, Publisher R. W. CAPSTICK, Auctioneer J. M. WATSON, Contractor W. L. PHILP, of Philp, Henderson, and Co. JOHN A. DUTHIE, of Capstick, Duthie, and Co. GEOR'I-E WILSON, Timber Merchant JAMES FINCH, Farmer J, L. SOUTTER, Merchant JOHN MTARLANE, Fanner, Wangaloa THOMAS MURRAY, Farmer, Glenore With power to add to their number. Bankebs * NATIONAL BANK OF NEW ZEALAND. Solicitor ; DONALD REID, ESQ. Manager : MR JOHN CHETHAM. Agent for Dunedin: M. W. HAWKINS. The name of the Company is the New Zealand Royal Pottery Company. The Registered Office of the Company is to be established in the township of Milton, in the Province of Otago. The objects for which the Company is established are for the purposes of manufacturing and selling all kinds of Stone, China, Printed, Painted, and Enamel Earthenware j also, every description of Salt Glaze Stone Pipes, Chimney Tops, Sewer Pans, Fire Bricks, Tesselated Pavements, and Telegraph Insulators, and to do all things the Company, from time to time, consider to be incidental or conducive to the attainment of its objects, or otherwise for its benefit. The Liabilities of the Shareholders are Limited. The Nominal Capital of the Company is L 30,000, divided into 12,000 Shares at L2 10s each. ITHHE success which has attended the estaX bUshment of the Mosgiel Woollen Fac tory under the provisions of the Joint Stock Companies Act, and the greater facilities and extent to which such under takings can be conducted by a Company as compared with a private individual, has led to the project of the formation of a Company, with a view to the ( purchase of the Tokomairiro Pottery Works now owned by Mr W. M. White, and conducting the manufacture of Pottery and Earthenware upon a scale somewhat commensurate with the large market presented in New Zealand , and the other Australian Colonies, this bein" the only Pottery Work established in the bouthern Hemisphere. The present works were commenced by Mr W. M. White about a year ago, since which tame he has disposed of over L 3.000 worth of Salt Glaze Pipes alone, the market for which is steadily on the increase, and beyond the present producing powers of the establishment. During this period Mr White has also devoted a. considerable portion of his time and attention to the preparation of the necessary buildings and plant for the manufacture of all classes of Staffordshire Pottery Ware upon the most approved principles and latest improvements m machinery used in Staffordshire, and recognised as the best and most economical m the world. The property is situated iu the centre ef Milton. Mr W, M. White has now ready for market large supplies of saleable articles for general and domestic purposes. The present time is, therefore, considered by the projectors of this Company 'the most favorable opportunity for entering upon the possession of the works, and pushing the manufacture and sale of Potteryware in this and the adjoining Colonies. An estimate of the nature and extent of the available market may be arrived at from the fact that the value of such imports into New Zealand alone for the year ending December last amounted to L 70,000, of which Otago alone imported L 22,000 worth of potteryware. The promoters have eveiy confidence that they will be enabled to supply the whole Colonial market with any article in potteryware, at a figure sufficiently low to compete successfully with the Home article, while securing a large margin of profit to the Company, who have secured the services, as manager, of Mr Chetham, for thirty years proprietor of one of the largest English Potteries, and practically acquamted with the various processes adopted in every branch of the trade. The services of the present staff of over thirty thoroughly experienced hands—brought from the Staffordshire Potteries direct, and now engaged upon the works, have also been obtained. The projectors have agreed with Mr W. M. White to take over the Freehold Property, consisting of Three Acres of Land surrounding the present centrally situated Works (secured with a view to their future development), and the large and substantial buildings, with plant and a , vs ll uat * on estimated at, or about, L/ 7,000, including the General Government bonus of L3OO. The amount of goodwill, estimated at L 2,000, Mr White has resolved to nvesfc m the Company in paid-up shares to that amount, so confident is he in the bona tides of the undertaking in the hands of a public ComThe projectors have also secured from Mr White his right obtained from the General Government to remove clay from the lands adjoimng the line of railway between Tokomairiro and the Olutha, which clay is allowed, by competent judges, to be equal to any found in England for manufacturing purposes. The Government are now forming a siding to these • ? P^ s > which are inexhaustible. The projected branch line to the Tokomairiro coal fields bas also been surveyed to pass in front of the so that the works will be in railway communication with he raw material, with unlimited and cheap coal supplies, and with a port of shipment; as also with the metropolis and the larger townships of the Province likely to form pood markets for supp'ies. The projectors appeal for support with every confidence to the residents of Tokomairiro and the settlers of the County of Bruce generally, ft ß the establishment of this industry has already tended greatly to develop the resources of the distnot in opening up clay and coal mines, employing a large amount of outside labor in procuring and carting timber, coal, and clay supplies ; while the recent unexampled prosperity of the township of Milton has been greatly advanced by the presence in its midst of the large number of employes—men, women, and children—engaged upon the works, and which would be greatly increased by a larger proprietary possessed of increased capital to carry on the works to every advantage., The promoters also confidently bring the enterprise under the notice of the general public of Otago, as it is a well-known fact that nothing so tends to advance the prosperity of a country as the establishment of local industries within its borders, thus preventing the export of capital from the Colony for supplitsof everyday requirements. Apart from these considerations, the enterprise of itself promises to be an amply remunerative and successful one. The projectors, having given the matter in all its aspects every consideration, have great pleasure in placing the Company in the market, and believe it will prove in every way worthy of public confidence and co-operative support. Forms of application maybe obtained from Mr G. Capstick, Broker, Milton; or Mr M. W. Hawkins, Dunedin. GEORGE 0 APSTICK, Interim Secretary.