CASWELL SOUND MARBLE, PORTLAND CEMENT AND MINING COMPANY.

Globe, Volume XXIII, Issue 2223, 12 April 1881, Page 3

CASWELL SOUND MARBLE, PORTLAND CEMENT AND MINING COMPANY.

A general meeting of the promoters of the above company was held in the Commercial Hotel last evening. Mr Moßae was elected to the chair.

The advertisement calling the meeting stated the object to be ae follows : —“To consider and adopt memorandum and articles of association, including appointment of first directors. To consider appointment of legal manager and managing director. To confirm action of promoters and provisional directors. To decide as to registration of company. To determine locality of permanent offices, and transacting any general business that may arise.”

The Chairman said the business of the meeting was to arrange the preliminaries of the new venture. Two thousand shares had already been taken up, and he thought a capital of £2OOO would be sufficient to work the company’s business. To this ho might add that all who were acquainted with the prospects of the field were very sanguine of success, aud it was generally estimated that its development would be of considerable benefit to the country. Mr Garrick intimated that he was agent for the firm of solicitors in Wellington employed by the promoters to transact their business there, and explained that a mistake had been made as to the proposed registration of the company, which would cause some little delay—that, in fact, the present meeting could not proceed that evening to the full extent of the notice paper. He had found on investigation that the company could not bo registered under the Mining Act, as had been proposed, but must register under the Joint Stock Companies Act, thus rendering it necessary for the present moetirg to determine, in the first place, on the memorandum and articles of association, the objects of the society not yet having been decided on, as required by the Act. He did not think_ they were likely to get any further that evening if they went into that matter. The meeting then resolved itself into a committee to carry out Mi- Gorrick’s instruo- ’ lions.