Page 1 Advertisements Column 7

Patea Mail, 18 November 1880, Page 1

Abridged prospectus OF Proposed Company for the purpose of Working the valuable Marble and other Mineral deposits at Caswell Sound, N.Z. TO BE CALLED THE CASWELL SOUND MARBLE, PORTLAND CEMENT, AND MINING COMPANY, LIMITED. To be registered under “ The Mining Company's Act, 1872.” CAPITAL ; £50,000 sterling, in 10,000 shares at £5 each ; 5000 of which will be allotted at once, the balance being retained for future issue, the original shareholders retaining the right of taking these up when issued at par pro rata. CALLS: ss. per share on application, 5s on allotment, the balance in calls as required of 10s per share, at intervals of not less than three months. Provisional Directory : Hon. Edwd. Richardson, C.M.G..M.H.R., J.P., Christchurch Hon. J.T.Peacock, M.L.C., J.P.,Christchurch Alex, M‘Rae, Esq., Christchurch W. H. Pillict, Esq., J.P., Christchurch W. Stock, Esq., Christchurch. W, Hutchison, Esq.. 31.1f.11,, J,!*,, Mayor AVellington E. AV. Mills, Esq., J.P., AVellington Hon. J. A. Bonar.M.L.C., J.P., Hokitika M-LcanAVatt Jack, Esq.. J.PMayor, Hokitika Richd N. J. Reeves, Esq.. M.H.R., J.P.,Nelson A, Stenhousc, Esq.. Dunedin George Munro, Esq., Dunedin J, R. George, Esq., A.M. Inst. C.E. A. 8. Chapman, Esq., AVellington Hon. -Sec ,]>ro tern. : Charles Pownall, Esq., AA'cllingtou Hon, Treasurer, j/ro tern.: Alex. M'Rac, Esq., Christchurch Bankers and Agents : Bank of New Zealand, Wellington, & Branches Solicitors ; Messrs Buller, Lewis, and Gully, Brokers and Temporary Offices of the Company : Messrs Charles Pownall and Co,, Grey Street, AA'cllingtou. Manager, pro ton, : A. 11, Malcolm, Esq. Copies of Prospectus and Forms of Application for Shares can be obtained from the Brokers, Provisional Directors, or from any of the Branches of the Bank of New Zealand in this Colony, until the 15th day of December, 1880, at which date all applications must be in the iiands of the Brokers, when the lists will positively bo closed and shares allotted. Specimens of Caswell Sound Marble can bo seen at any of the Museums in New Zealand \ the Chamber of Commerce, Wellington, or on application to any of the Officers of the Company. In introducing this eligible investment to the notice of the public, the promoters desire to state that the Company’s rights comprise the best, most available, extensive, and perhaps most valuable Marble deposits in the known world, at all events in the Southern Hemisphere. This is sufficiently proved by Caswell Sound Marble securing the first prize at the late Sydney Exhibition against Italian Statuary and other valuable varieties. They also wish to dwell upon its known certainty and non-spcculative character, the ultimate success of this venture being now well established. The lowest quotation for this marble is 12s per foot, and ranges up to £5. Larger blocks are, however, much move valuable, some pure .white statuary, without flaw,realising as much as £20,000 sterling in Europe. The ordinary price for a block suitable for a life-size human statue being about £IOOO, The present cost of producing this marble by manual labour only is about 2s per cubic foot, f. o. b. These figures may appear incredible, but they are, nevertheless, absolutely correct. Thus, taking the cost of production as stated, and the very lowest wholesale quotations at 12s per foot, gives the apparently fabulous minimum rate of 500 per cent, profit. It is, therefore, no visionary matter, as these are leading commercial lines and the values well known, the facilities of production, shipment, high quality- of product, giving a vast advantage over any like property in the world. We will also venture to predict that the value of the Company’s shares will increase at least 300 per cent, within twelve months of issue. Referring to consumption of these commodities, it is enormous. The consumption of Marble, Portland Cement, and Lime, in the Australian Colonies alone during the last twelve mouths has been £2,872,600 sterling, and rapidly increasing. Caswell Sound is a commodious and safe harbor for the largest vessels in all weathers, the works of the Company being situated at the water’s edge. The Government of this colony has also promised-to favorably consider special grants and concessions in aid as soon as the Company is successfully floated. For further particulars re other minerals found at the Sound, copper, coal, gold, &c., also the manufacture of hydraulic cement, lime,&c.,together with scientific, professional, Government, and other reports, with details of the objects and intentions of the Company, we refer to the prospectus, which can be obtained upon application to any of the officers of the Company, or from Company’s agents, the Bank of New Zealand, at any of their branches in this colony and Australia, also at the office of this paper. Telegraph Hotel, Opunake. OOD accommodation for travellers, vX &c. Billiard Room and Stabling. Buggies and Saddle Horses on hire Middleton Brothers, Proprietors. J. Davidson, ST OR E K E E P E R and General Dealer, EAWERA.