SANDON.

New Zealand Times, Volume XXXII, Issue 5070, 23 June 1877, Page 1 (Supplement)

SANDON.

(from ouu own correspondent.) Sandon, June IS,

Tho Sandou Steam Flour Mill Company may new bo considered to be in existence. The company is fairly floated, and the directors arc very sanguine of its success. Upwards of 400 shares have already been taken up by the settlers around the district. A propectus has been issued, showing the advantages that the farmers will derive by tho erection of the mill, and the prospect of its paying 30 per cent, to shareholders on their investments. The ougine is to bo not less than 16-horso power, and to drive two pairs of stones, Tho company is to bo registered according to Act of Parliament; the capital is £3OOO, in shares of £5 each, one half only to be called up the first year. The Hon. Win. Fox, M.G.A, president; John Gower, Esq., vice-president ; Henry Hammond, Esq., treasurer ; Mr. Geo. Hodges, secretary ; Messrs. A. Farmer and J. O. Tomlinson, auditors ; ami Mr. Barnard Strode Penny, manager. All the directors arc not yet named. It is the intention of the company to have the mill ready for work by January next. The land that was set apart on the Douglas Company’s block for tho settlement of 70 families is now ready fur occupation. The survey of it having just been completed, I understand the manager, 11. Dawson, Esq., intends submitting one half of it to public auction early iu the spring, and tho other half at tho end of the .summer, bona fide occupation being one of the clauses in the terms of purchase. It is. very pleasing to note the very great improvements that have been made on this very largo estate during the past three years, comprising about 34,000 acres, 10,000 of which was swamp and morass, on which a large amount of capital ami labor has been expended in thoroughly draining it, clearing, and laying down in grass, making it equal to any land in the county. To bring such land into a state of cultivation and make it fit for the settlement of laboring men and their families can only be done by tho Government or largo capitalists, and this tho Douglas Company have accomplished. As many as 400 souls are often depending upon the company for their livelihood. This land, moreover, should when put into the market fetch a good price, as it is within 50 chains of the proposed Sandon and Foxton line of railway. Mh Lee was through here tho other day, and paid one of his surprise visits to tho school. Tho inspection was satisfactory. Since my last tho Money Order and Post Office Savings Bank Departments have boon added to our Telegraph Office, and wc arc shortly to have tho Life Assurance also, all of which will ’be a great convenience to the public. Storms of rain and hail from the north-west have been raging here for the past week, making outdoor work nearly impracticable. •