Public Notices. PR O S P E C T TJ S OP THE PATE A OIL AND FIBRE MANUFACTURING COMPANY, (Limited,) To be incorporated under “ The Joint Stock Companies Act,” and the Acts! amending the same. j Capital £3,000' Zn 600 Shares, at £5 each. I TO BE CALLED DP AS FOLLOWS : i 10s per share upon application , 10 s per share-upon allotment , and 10« per share \ every three months thereafter until the whole capital is paid up. PROVISIONAL DIRECTORS: SOLICITOR : Mr Elliott L’S Barton. BANKERS: Bank of Australasia. SECRETARY (pro,tem.) Mr William Cowern.
THE Capacity of the Soil in this District for the growth of English Flax,', and the large annual importation of Oil and Twine, have long pointed to the possibility of developing a new and lucrative industry in New Zealand. After various experiments on the growth of Flax in this District, and after careful enquiry into the cost of manufacturing Linseed Oil, Oil Cake, Flax Fibre, Rope, and Twine in New Zealand, practical men have become convinced (on comparing the cost of production with the market price of the imported articles) that the manufacture of such articles in the colony would be an exceeedingly profitable undertaking. They also see clearly that the development of such an industry would be of great benefit to Farmers, inasmuch as it would enable them to grow a new crop, with an. assured market at their doors.
The Patea Farmers’ Clab, having taken np the matter, appointed a. Committee to collect the information on the subject necessary to make an exhaustive report. At a public meeting called by the Club, to consider 'the Committee’s' report, it was resolved to float a Company for the above purpose. The Committee’s report, together with a full record of the proceedings of that meeting, was published in the Patea Mail- and Evening News of the 15th May, 1882. If the Company should not-be formed within six months, the deposits will be returned to applicants, less apreportion of the amount sufficient to cover preliminary expenses, such expenses not to exceed £lO. Prospectuses and Forms of Application for Shares may be obtained from the. Secretary, Patea, or from any of the Branches of the Bank of Australasia. Share List will close on the 80th June next, W. COWBRN, Secretary pro tem.
& DISTANCES. : Patea breakwater is 1200 feet long, and the amount' expended on construction, salaries, &c., since July ’77, is £13,887. Present depth on bar, 10 to 11 feet at ordinary, spring tides. Sir John Goode estimated that by carrying the breakwater 400 feet further out (one-third longer than at present), a depth of 16 feet at ordinary spring, tides will be attained, under unfavorable circumstances. , This contemplates much batter results as being probable ; and the depth attained- at the present length of 1200 is greater than was expected. The cost so far has been very much less than the first estimate. Distances. —Waverley is 9 miles from | Patea by railway route, as compared with 30 railed to Wanganui. Hawera is 18 | miles from Patea by railway route, as, compared with 45 to Waitara or 51 to New ! Plymouth landing-pier. Manaia is 28 miles from Patea as compared with 54 to Waitara or 61 to New Plymouth landingpier. ' Patea District Agricultural & Pastoral Association, holds two shows yearly, Spring and Autumn. Annual meeting is held in April; and the present members on the books are 185. F, M. Chapman, president; W. C. Symes, ' vice-president; J. Gibson, treasurer; T, Eyton, secretary. pRIENDLY SOCIETIES.— X. Freemasons (Kilwinning lodge) hold meetings in Patea, third Monday in each month. Good Templars meet on Wednesdays. Foresters meet every second Thursday. ■ : AN D for Settlement. The West Coast Land Commissioner has reported to Government an approximate estimate of Crown land available for settlement near Patea harbor, located in Road Board districts thus : Agricultural. Pastoral. Wairoa district 1,305 64,800 Patea Bast 4,219 87,800 Patea West 8,376 20,000 Hawera district 4,297 30,200 Ngaire district 2,507 Outlying districts 98,723 128,386 Totals 114,427 281,186 Also the University reserve of 10,000 acres, near Patea, recommended for long leasing in farm sections of 200 to 600 acres each; The Government owns other large areas eastward of the Patea river, up the Mongaehu branch, where a vast extent of level bush country is known to be excellent for settlement. D ATEADistrictFarmers’ Club i holds meetings for: discussion and business on the first Saturday in each month, in- the Club-room, Patea. Subscription 10s a year ; entrance fee £l. Major Turner, president; F. M. Chapman, vice-president; ]H; F.; Christie, ■ treasurer ; T. Eyton, secretary.
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Bibliographic details
Patea Mail, 28 June 1882, Page 4
Word Count
759Page 4 Advertisements Column 5 Patea Mail, 28 June 1882, Page 4
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