Page 2 Advertisements Column 2

Evening Star, Issue 3804, 4 May 1875, Page 2

PROSPECTUS. PROSPECTUS OF THE ROYAL "VTEW ZEALAND POTTERY COM* Xl PANY (LIMITED). Registered under the Joint Stock Companies Act, 1860, Capital £30,000 la 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 on 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.0., Tokomairiro JAMES GOOD ALL, Mayor of Milton ANDREW M'LAREN, Stock-dealer GEORGE OOOMBE, 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. DO TRIE, of Capstick, Duthie, and Co. GEOR'-E WILSON, Timber Merchant JAMES FINCH, Farmer J. L. SOUTTER, Merchant JOHN M‘FARLANE, Farmer Wangaloa THOMAS MURRAY, Farmer, Glenore With power to add to their number. Bankers : 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 Zea land 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 St-one, China, Printed, Painted, and Enamel Earthenware ; also, every description of Salt Glaze Stone Pipes, Chimney Tops Sewer Pans, Five Bricks, Tesselatod 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. THE success which has attended the establishment of the Mosgiel Woollen Fac toi y under the provisions of the Joint Stock Companies Act, and the greater fvcilities and e?tent to which such undei 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 being the only Pottery Work established in the Southern Hemisphere. The piesent works were commenced by Mr W. M. White about a year ago, since which time 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 hr s also devoted 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 in machinery used in StaftVnd shire, and recognised as the best and most economical in the world. The property is situated in the centre of 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 natme a”d 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 Dumber lust 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 marke^ 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 Chatham, for thirty years proprietor of one of the largest English Potterieu, and practically acquainted with the various processes adopted in every branch of the trade. The services .of the piesent staff —of over thirty thoroughly expen-, enced hands—brought from the Staffordshire Potteries direct, and rpuy engaged upon the works, have also been obtained. The projectuis have agreed with M? W, M. White to take over the Freehold Property, consisting of Three Acres of Land surrounding the present centrally situated Works (seemed with a ’ew to their future development), and the lar,’e and substantial buildings, with plant and stock, at' a valuation estimated at, or about, L7,00G, including _ the General Government bonus of L3OO. The amount of goodwill, estimated at L 2,000, Mr White has resolved to nvest in the Company in paid-up shares to that amount, so confident is he in the horui .nVcs of the undertaking in the hands of a public (ioip j pany. The projectors have also seemed from Mr White his right obtained from the General ■ Government to remove clay from the lands ad- ■ joining the line of railway between Tokomairiro and the (.Tntha, 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 clay pits, which are inexhaustible. The projected branch line to the Tokomairiro coal fields has also been surveyed to pass jn front of the , premises, so that the works will be in railway * communication with he raw material, with uu ! limited and cheap coal supplies, and with a port j of shipment; as also with the metropolis an fcho larger townships of the Province likely t form good in a ike ts for supp’ies. The projectors appeal for support with ever confidence to tiio of Xokomjiiiiro nn the settlers of the County of Bruce generally as the establishment of this industry has alrr-ad tended greatly to develop the resources of ti, district in opening up clay and coal mines, ei* ploying a large amount of outside labor in pi t curing and parting timber, coal, and clay suj plies ; while the recent unexampled prosperit of the township of Milton has been greatly at vanced by the presence in ita piidst of the larg number of 'employes—men, woman, and chil dren—engaged upon the works, and whin would be greatly increased by a larger pioprit tary possessed of increased capital to carry o; the works to every advantage. The promoters also confidently bring th enterprise under the notice of the genera public of Otago, as it is a well-known fad (ha nothing so tends to advance the prosperity of, country as the establishment of local Industrie within its borders, thus preventing the expor of capital from the Colony for supplies of every day requirements. ' Apart from these conside rations, the enterprise of itself promises to b an amply remunerative and successful one. Th projectors, having given the matter in all it aspects every consideration, have great plea SlU i\'*V- placing the Company in the man-el and be.icvc it will prpvo in every way worth: public confidence and co-operative support Fbrmsof application may be oifluincd frgr Broker/ Milton ; or' Mr M W, Hawkins, lipnedin, GBOHGE OAWXJOJK, 11., ebr-itt