A Local Patent

Feilding Star, Volume XV, Issue 28, 2 August 1893, Page 3

A Local Patent

Mr J. M. Dowsett has not let the grass grow under his feet since arriving in London by the Oceana three weeks ago. He came Home, as moat of our readers are aware, to exploit Mr Belk's patent " Nutless Railway Bolt " (an invention which should on precedent yield extremely handsome returns to its owners), and he has already found a purchaser for certain of the rights. Sir Julius Yogel has been the " middleman " between Mr Dowsett and the wily capitalist. Your ex- Premier after ho had inspected the invention for the first time, at once offered to find a minimum sum of £10,000 for the European rights, but Mr .Dowsett considered the lights of Great Britain alone worth that amount. Finally, after much correspondence it was agreed that Sir Julius should arrange for the disposal of the rights for Great Britain, France, and Germany at a minimum of £10,000. The sale is not yet complete, but neither Mr Dowsett nor Sir Julius anticipate any difficulty in settling the matter. The remaining European countries Mr Dowsett hopes to arrange for separately, and he will probably go to America lat£?on to sell the rights in the invention in each State separately. At present he is considering certain modifications in the patent, with a view to reducing the cost of production. If Mr Belk has many more such promising inventions up his sleeve (and I am told he is one mass of cute notions) he should turn himself into a Limited Liability Company, a la Duke Plaza-Toro.-N.Z. Times' London correspondent.