Page 4 Advertisements Column 1

Evening Star, Issue 3830, 3 June 1875, Page 4

PROSPECTUS. PROSPECTUS OF THE ROYAL 1S PANY (LIMITED). Registered under the Joint Stock Companies , ' Act, 1860, Capital £30,000 la 12.00(1 Shares of L2 10s each, of which 800 snares are already paid-up, representing portions of, the present capital of the Com'piny.' Five shillings per share to be paid on application, and os bn allotment. A call of 5s per . share'to be made three months after allotmeat, and no further call to exceed 5s per share, payable at intervals of not less than three months between each call. Provisional Directors : VT; A. MURRAY, M.H.R.' Glenpre HENRY'CLARKE, M.P.C., Tokomairiro JAMES GOOD ALL, Mayor of Milton ANDREW M‘LAREN, Stock-dealer GEORGE CQOMRE, Settler JAMES ELDER FROWN, Settler JOSEPH M A OK AY, Punisher R!‘W: oapsTtcß, •' ucfcioneer 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 MEARLANE, 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 estab listed are for the purposes of manufacturing and selling all kinds of Stone, Chin s Printed'. Painted, and Enamel Earthenware ; also, every description of Salt Glaze Stone Pipes, Chimney Tops Sewer Pans, Five 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 attencle- 1 the esta blishment of the Mosgiel Woollen Fac tory under the provisions of the Joint Stock Companies Act, and the greater f milities 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 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 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 hr s 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 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 mark* large supplies of saleable' articles for genen and domestic purposes. The present time ii therefore, considered by the projectors of th: Company the most favorable opportunity fc entering upon the possession of the works, an pushing the manufacture and sale of Rotten ware in this and the adjoining Colonies. A estimate of the nature and extent of the avai able market may be arrived at from the fac that the value of such imports into New Zee land alone for the year ending December la< amounted to L 70,000, of which Otago alone hr ported L 22.000 worth of potteryware. The promoters have every confidence tha they will be enabled to supply the whole Cole mal market with any article in potteryware, a a figure sufficiently low to compete successful! with the Home article, while securing a laro margin of profit to the Company, who hav secured the services, as manager, of Mr Chel ham, for thirty years proprietor of one of th largest English Potteries, and practically ac qnarnted with the various processes adopted i every branch of the trade. The services of th present staff of over thirty thoroughly experi enced hands—brought from the Staffordshir Potteries direct, and now engaged upon th works, have also been obtained. . The projectors have agreed with Mr W M White to take over the Freehold Property, con sisriug of Three Acres of Land surrounding th present centrally situated Works (secured wit a riew to their future development), and th largo and substantial buildings, with plant am at . a v; duati°n estimated at, or about L 7,000 including the General Governmen bonus of L3OO. Jhe amount of goodwill est mated at L 2,000, Mr V\ hite has resolved to vest in the Company in paid-up shares to ha amount, so confident is he in the bona tides r the undertaking in the hands of a public Coir ? he ; P r(, j ef:tors have also seemed froi Mr White his right obtained from the Genen Government to remove clay from the lands at joining the line of railway between Tokomairir and the < 'lutha, which clay is allowed, by coir petent judges, to be equal to any found i England for manufacturing purposes. Th Government are now forming a siding to thes clay pits, which are inexhaustible. The prr jected branch line to the Tokomairiro coal field has also been surveyed to pass in front of th premises, so that the works will be in railwa communication with he raw material, with ur limited and cheup coal supplies, and with a poi of shipment; as also with the metropolis an the larger townships of the Province likely t form good markets for supp’ies. Tffie projectors appeal for support with ever commence to the residents of Tokomairiro an the settlers of the County of Bruce generalh as the establishment of this industry has ahead tenjUsdgj*a*ljr,to .develop the resources of th , °Pffil¥ l S( u P <day and coal mines, en plojjpg ,*, layge amount of outside labor in pn cunng and carting,, timber, coal, and clay sm P} I®® 1 ®® J Avjdlo the recent unexampled prosperit ,°f .Milton has been greatly at vanned by trie presence in its midst of the lar° number* of employes—men, women, and chi dren-engaged upon the- works,' and whic would be greatly increased by a larger proprii tary; of increased capital to carry o the to every advantage. The promoters,;,also .confidently' bring th enterprise r.unfler the notice of'the genen public as it in a well-known facL th r nothing so fends to advance the prosperity of country as the establishment of local industry within its borders, thus preventing the expoi of capital from the Colony for supplies of even day requirements. Apart from these considi rations, the enterprise .of itself promises to hj an drtfply remunerative and successful,one. Th projectors, having given tbs'matter 'in all ii aspects every, consideration, have great pie; 811 j 6 u in - l jlH ? in S .the Company in the marke and believe it. will,prove- in every -way worth of and co-operativft suppor 1 OTttis of application may be obtained fret Mr G Capstick; Broker. Milton : or Mr M W» ttftwkins, Dunedin. GEORGE CAPSTICK, Interim Secrotarj