Page 4 Advertisements Column 5

Evening Star, Issue 3826, 29 May 1875, Page 4

PROSPECTUS. PROSPECTUS OF THE ROYAL " | '\TEW. ZEALAND POTTERY COMiX 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 ou allotment. A call of 5s per share to he made three months after allotment, and no further call to exceed 5s per I share, payable at intervals of not less than three months between each call. Provisional Directors ; W. A. MURRAY, M.H.R., Glenore HENRY QLARKE, M.P.C., Tokomairiro JAMES GOOD ALL, Mayor of Milton ANDREW M'LAREN, Stock-dealer GEORGE COO!\lBE, Settler JAMES ELDER BROWN, Settler JOSEPH M ACK AY, Publisher K W. CAPSTICK, Auctioneer J. M. WATSON, Contractor W. L, PHILP, of Philp, Henderson, and Co. JOHN A, DUTHIE, 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. 1 The name of the Company is the New Zea[ land Royal Pottery Company. ■ The Registered Office of the Company is td 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 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 ip L 30.000, divided into 12,000 Shares at L2 10s each. THE success which has attended the esta blishment of the Mosgiel Woplleu Fao tory finder the provisions of the Joint Stock Companies Act, and the greater facilities and extent to which such undei taking s 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 ot 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. 1 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 has also devoted a 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 machinery 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. 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 enablecKo 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 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, consisciug of Three Acres of Land surrounding the present centrally situated Works (secured with a dew to their future development), and the large and substantial buildings, with plant and stock, at a valuation estimated at, or about, L 7,000, including the General Governmen bonus of L3OO. The amount of goodwill, estimated at L 2.000, Mr White has resolved to Divest in the Company in paid-up shares tot hat amount, so confident is he in the hona tides o the undertaking in the hands of a public Com pany. The projectors have also secured from Mr White his right obtained from the Genera Government to remove clay from the kinds adjoining the line of railway between TokOmairito and the t’lutha, which clay is allowed, by competent judges, to be equal to any found jn England for manufacturing purposes. The Government are now forming a siding to these clay pits, which are inexhaustible. The projected branch line to the Tokomainro 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 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 good markets for supphes. 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 tended greatly to develop the resources of the district in opening up clay and coal mines, employing a large amount of outside labor in prbcuring 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 supplies of everyday requirements. Apart from these considerations the enterprise of itself promises to be an amply remunerative and successfrd one. ’The projectors, having given the matter in all Its aspects every consideration, have great pleasure !h placing the Company in the market, and believe it will prove in every way worthy of public confidence and co-operative support. bormsof application maybe obtained from Mr (j. Lapstick, Broker, Milton; or Mr M. W, Hawkins, Dunedin. GEORGE CAPSTICK, Interim Secretory)