Page 4 Advertisements Column 1

Evening Star, Issue 3840, 15 June 1875, Page 4

PROSPECTUS. PROSPECTUS OF THE ROYAL TCTEW ZEALAND POTTERY COMJ>| PANY (LIMITED). Registered under the Joint Stock Companies Act, 1860, Capital £BO,OOO In 12,000 Shares of L2 10s each, o£ which 800 snares are already paid up, representing portions of the present capital of the Company, Five shillings per share to be paid on application, and 5a ou 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.C., Tokomairiro JAMES GOOD ALL, Mayor of Milton ANDREW M‘LA REN, Stock-dealer GEORGE fDOM BE, Settler JAMES ELDER BROWN, Settler JOSEPH MACK AY, Publisher R. W. OAPSTTOK, Auctioneer J. M. WATSON, Contractor W. L. PHILP, of Philp, Henderson, and Co. JOHN A. DuTHIE, of Capstick, Duthie, and Co. GEOlt * E WILSON, Timber Merchant JAMES FINCH, Farmer J. L. SGUTTER, Merchant JOHN RPFARLANE, Farmer, Wangaloa THOMAS MURRAY, Farmer, Glenore With power to add to their number. Bankers * NATIONA BANK OF NEW ZEALAND. Solicitor : DONALD REID, ESQ. Manager : MR JOHN OHETHAM. Agent for Dunedin : M. W. HAWKINS, The name of the Company is the New Zea land Royal Pott .ry 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 Kehed are for the purposes of manufacturing and-selling all kinds of St-one. Chine, Printed. Painted, and Enamel K.arthemvaiv ; also, every description of Salt Glaze Storm 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 L30,000,'i divided into 12,000 Shares at L2 10s each. THE success which has attended the esta blishment of the Mosgiel Woollen Fac Cory under the provisions of the Joint Stock Companies Act, and the greater facilities and extent to which snch undertakings can be conducted by & Company as compared with a privite individual, has led to the project of the formation of a Company, with a view to the purchase of the Tokomairiro Pottery Works, How 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. He 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 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 Staffoidshire, 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, ef which Otago 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 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 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 Land surrounding the present centrally situated Works (secured with a view, to their future development), and the largo 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 - vest in the Company in paid-up shares to at amount, so confident is he in the bona ides 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 lands adjoining the line of railway between Tokomairiro and the Glutha, 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 •ommunication with he raw material, with unlimited and cheap coal supplies, and with a port of shipment; as also with the metropolis and fhe larger.townships of the Province likely to form good markets for suppMes. 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 pro (uring and carting timber, coal, and clay supplies ; while the recent unexampled prosperity of the township of Milton has been greatly ad vanced by the presence in its midst of the largt humber of employes—men, women, and uhildren—engaged upon the works, and whicl would be greatly increased by a larger pioprie tary possessed of increased capital to can-- „r 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 fact tha nothing so tends to advance the prosperity of i co .?° tr ythe establishment of local industriei *witmn ite borders, thus pi even ting 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 sure in placing the Company in the market »nd believe it will prove in every way worthOf public confidence and co-operative support WJ* application maybe obtainedfrot Mr G, Capstick,' Broker, Miltrtn* or Mr M W,Hawkins, Dime din. GEORGE CAPSTICK, Interim Secretary