Page 4 Advertisements Column 5

Evening Star, Issue 3821, 24 May 1875, Page 4

PROSPECTUS. PROSPECTUS OF THE ROYAL ■VTEW ZEALAND POTTERY COMJ3I PANY (LIMITED). Registered under the Joint Stock Companies Act, 1860, Capital £30,000 Ih 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, ami 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 HKNRY CLARKE, M.P.C., Tokomairiro OOODALL, Mayor of Milton ANDREW M ‘I.A REN, Stock-dealer GEORGE COOMBE, Settler JAMES ELDER BROWN, Settler JOSEPH M ACK AY, Publisher R. W. CAPSTTCK, 'uctioneer J. M. WATSON, Contractor W. L. PHILP, of Philp, Henderson, and Co. JOHN A. DU TRIE, of Capstick, Duthie, and Co. GEOR E WILSON Timber Merchant JAMES FINCH, Farmer J. L. s GUTTER, 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 OHETHAM. A gent 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. . 'l'he objects for which the Company is estab IMiedare for the purposes of manufacturing and selling all kinds of Stone, China, Printed, Painted, and Enamel Earthenware ; also, every description of Salt Glaze Stone Pipes, Chimney Tops Sewer Pans, Fire Bricks, Tesselate 1 Pavements, and Telegraph Insulators, and to do all things the Company, from time to time, consider to he 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.

HE success which has attended the esta hlishment of the Mosgiel Woollen Fac tovy under the provisions of the Joint Stock Companies Act, and the greater facilities and extent 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 conduct mg 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 hein (r the only Pottery Work established in the Southern Hemisphere. The present 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 hrs also devoted considerable porti n 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 machineiy used in Staffordshire, 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. '1 he present time is, therefore, considered by the projectors of this Company the most favorable oppoitunity for entering upon the poss. ssion of the works, and pushing the manufacture and sale of Potteryware in this and the adjoining (.’olonies. 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 Mew Zealand alone for the year ending December last amounted to L 70,000, of which (>tago alone imported L 22,000 worth of potteryware. The promoters have every confidence that they will be enabled to supply the whole Colonial market with any aiticle 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 acquainted 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 l.and surrounding the present centrally situated AVorks (secured with a dew to their future development), and the large and substantial buildings, with plant and stock, at_ a valuation estimated at, or abom L 7,000, including the General Governmen 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 tha’ 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 his right obtained from the Genera Government to remove clay from the lands adjoining the line of railway between Tokomairiro and the C lutha, 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 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 with a nor" cf shipment; as also with the metropolis am the larger townships of the Province likely t< form jmod markets for supplies. The projectors appeal for support with ever' confidence to the residents of Tokomairiro anl the settlers of the County of Bruce generally as the establishment of this industry has already tended greatly to develop the resources of tin district in opening up clay and coal mines, em ploying a large amount of outside labor iu pro curing ami 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 largi number of employes—men, women, and cliil dren—engaged upon the works, and wind would be greatly increased by a larger proprie tary possessed of increased capital to carry or the works to every advantage. The promoters also confidently brin-* tin eiitei’])iisc under the notice of the genera public of Otago, as it is a well-known fact thai nothing so tends to advance the prosperity of f country as the establishment of local Industrie! within its borders, thus preventing the export of capital from the Colony for supplies of every day i equirements. Apart from these conside lations, the enterprise of itself promises to bf an amply remunerative and successful one. Th< projectors, having given the matter in all its aspects every consideration, have great plea l sui ’ e i u . placing the Company in the market, and believe it will prove iu every way worthj of public confidence and co-operative support, Forms °£ application maybe obtained froa ™ Cj Capstick, Broker, Milton; or Mr M, W. Hawkins, Dunedin. GBOKGE CAPSTICK, lutorin* Seotetaty