PROSPECTUS. PROSPECTUS OF THE ROYAL ISJEW ZEALAND POTTERY COM--131 PANY (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 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, Glenore HENRY CLARKE, M.P.( 1 Tokomairiro JAMES GOOD ALL, Mayor of Milton ANDREW M'LAREN, Stock-dealer GEORGE COOTIBE, Settler JAMES ELDER BROWN, Settler JOSEPH MAC KAY, Publisher R. W. CAPSTIOK, Auctioneer J. M. WATSON, Contractor W.L.PHILP, of Philp, Henderson, and Co. JOHN A. DuTHIE, of Capstick, Duthie, and Co. GEOII E WILSON, Timber Merchant JAMES FINCH, Farmer J. L. t GUTTER, Merchant M‘FARLANE. Farmer, Wangaloa THOMAS MURRAY, Farmer, Gleuore With power to add to their number. Bankers: NATIONAL BANK OF NEW ZEALAND. Solicitor ; DONALD REID, ESQ. Manager : MR JOHJST 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. . 'Hie objects for which the Company is estab In bed are for the purposes of manufacturing and selling all kinds of S*one, China, Printed. Painted, and Enamel Earthenware ; 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 Shaves at L2 10s each. THE success which has attended the esta blishnient of the Mosgiel Woollen Fac tovy under the provisions of the Joint Stock Companies Act, and the greater f »cilities and extent to which such imdei 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 tune 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 pre«ent_ producing powers of the establishment. During this period Mr White has also devoted a considerable portmn of his time and attention lo 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 Staffordshire, and recognised as the best and most economical in the world. The property is situated in the eentre of Milton.
MrW. M. White has now ready for market large supplies of saleable articles for general and domestic purposes. Ihe 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 pottery ware. The promoters have every confidence that they will be enabled to supply the whole Colonial market with any aitiole in pottery ware, 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 acquainted with the various processes adopted in every branch of the trarte. 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, cohs’scmg of Three Acres of Land surrounding the present centrally situated Works (secured with a -lew to their future development), and the large and substantial buildings, with plant and stock, at a valuation estimated at, or ahou" L 7,000 including the General G-overnmeii’ bonus of L3OO. The amount of goodwill estimated at L 2,000, Mr White has resolved to n vest in the Company in paid-up shares to that amount, so confident is he in the bona tides o the undertaking in the hands of a public Com The projectors have also seemed from Mr White hie right obtained from the Genera Government to remove clay from the lands adjoining the line of railway between Tokoroairiro and the Ohitlia, which clay is allowed, by compatent judges, to be equal to any found in Jingland for manufacturing purposes. 'Che 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 in front of the premises, so that the works will be in railway communication with he raw material, with unhmited and cheap coal supplies, and witli a port of shipment; as also with the metropolis and the larger townships of the Province likely to form good markets for supp’ios. The projectors appeal for support with every confidence to the residents of Tokomairiro and the settlers of the County of Bruce generally as the establishment of this industry has already develop the resources of the district m opening up clay and coal mines, em ploying a large amount of outside labor in pro curing and carting timber, coal, and clay sup plies ; while the recent unexampled prosperity of the township of Milton has been greatly ad vanced by the presence in its midst of the lam number of employes—men, women, and chil-dren-engaged upon the works, and which would bo greatly increased by a larger proprietaiy possessed of increased capital to carry on tnetworks to every advantage. J 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 supplies of 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 plcasure m placing the Company in the market and believe it will prove in every way worthy 01 public confidence and co-operative support* Mr r m n of maybe obtained from Mr G. Capstick, Broker, Milton; or Mr M W. Hawkins, Dunedin. GEUKGE CAPSTICK, Interim Secretary!
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ESD18750521.2.28.5
Bibliographic details
Ngā taipitopito pukapuka
Evening Star, Issue 3819, 21 May 1875, Page 4
Word count
Tapeke kupu
1,243Page 4 Advertisements Column 5 Evening Star, Issue 3819, 21 May 1875, Page 4
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.