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Oamaru Mail, Volume IV, Issue 889, 20 February 1879, Page 2

Tlta C'attcn'a River Fruetir, M JKltl fj.lV>; null I U tile ttCl'a ok' a projeet riiii'ii is [ now Wk tlit> E>)arilci- are *f' ,v for coni-panies, awl of all the j schemes pat jUUi t'..T pwi»lio favor ami pnttoTuvjev Jfiow? fefuis for tEu'tr asm th« fulfest possit>tt> ftt>vetopt«(phi. J stantint lfictnsf..pU'!». wfutar. th»'y tciw every pyt>u»isw of fiiir t" investor- 1 . tIW HMJSt Private enterprise hsw «{»tw » ?">v;.vp'U t-Fie a<r«i"tu* plblunent of f.iu.-s enil f,;;!: fi - m\ : ueni;ty nuvnifa upotv (ihenv luorw tlu» «";n (tieosantfe with this eapitat empfoye't tll tfepit (jontstnefc. rtwter suuh wtfanwtafiws, pitapjWtors who tu»ve perhaps starte'E with riiiiuultittsly wfcfsJWf ia a Iw-B/tiVf-pp'sii state pt«l »rt. acwcwl/ kwpitvg water, arid showing vtjt«rT<.<i ntfc«s»-wir>- smalt compttcett with wfw-G tni'i'.vt U? ttndei' tw>to atlvantttgif l 'itri- »:■!retw«S'ta>iv«^. tfssay to ptov'-trß- afMttp •{«.£ Capital at ruinous rates ♦>? interest, or gwv pliiw tn Koml'unsd amt capital of a iTonvpariy. These remarks may not appiy in the presunt tm>t»nc«r. but tluiy »re tow <-i other s«hemes whiiift have been, aai cf'J deTe'i morv- or toss fr»KXE EtisittU- 1 cierwy of tho *• «•,•<■■<tt'ul to rn:iintaoi ttwic vigorous ami proiitalito r\i.<{«ucc. hail with pleasure thw i'tea of formwKC » Company io brintf expyilitinttsly, ntwU ac cording' to ttv«> prutitably itwU-r the operatioti of' «iw saw ttw extensive forest in, the vicinity *>i Cai>:x>3 River. Timber is one of those especially essentbt in a new cmntry, batltling opecations are pie It, is tnw that there are itt the extreme north forests of ttu.* finest titniier that Etas ever supplied fomt lor a sawmill ; l»ut although they are fast they are incapable of keeping' pui>- nth tlj>> (.lemamts of the Colonial market ; ami, «v»;r» if they wetu capable ..f supplying every sr;*rit, it is not to be supposed that the runulremisfi.i'f "f thj t?.>«tU «»t» fxr so cheapty anil (expettit;wv»4j" •••■ippliuvt i>y Northern saw millers as they ciu i.yi'hiwc oa the spot.. But there are other arguments why we shouhl not tleperui upon supptietl from tiie Jvorth. «>ti« vi vvhiiih is that it w uut Uttty ti> develop to th*3 utmost of our al>flity fhe res<>ti.rces <■ > t that the Cwtoivy i«i v. hiyh oar tot U cast. In thjs we pep- ! farm one of tlw mosit importaftt 1 t»Jtis that tlevotve Bp«n m as Colonists. If at the outset the double atlvsntagtf can be derived of getting what we want ourselves when we want it. and enriching uttrsetves and the Colony by supplyinif so. mush the better. c need not etvforga «p-?n the particutar scheme which ii the occasion of our writing. Men ©I business will be able- to jadifw for- tU'msetves from a gbaesr at the prospectus what ii its nattmr arid whether it is likely .to. be a investment or not i bu* wt are glatl to 1 see: that the idea o? extending the operations of fhe.Catiia's River sawmißs has txseji taken ttp by men both practical ami sufficiently wealthy to ensure Jf«" doabt they hsvp iwen enemtraged to embark in the entefp#is« In coasetfctweee of the growing efficiency ef the railway syatetn of this island, which atrisady eSesa h«Bienae advantages for teaaspott, and will, day by day, offer

still greater, until a complete network of lines will enable the prosecution of a trade that will prove even the Catlin's River j forest to have been much too small to imcet the demands that will be made upon its products. We observe by the prospectus that the Oamnru district has been one of the best customers for. the timber from the Catlin mills, and this fact is, doubtless, to be attributed to the circumstance which we have already pointed oat, namely, that we can be more advantageously served from these than from the mills of the North. The capital of the Company i 3 to be L 25.000 in 5000 shares of L 5 each ; as per share is to be paid on application, 5s on allotment, and L2 10s in fire calls of J Os each, at intervals of not less than two months. The prospectus says that " no further calls are likely to be required for some time, and they will only be made with the consent of the shareholders."