Page 4 Advertisements Column 3

South Canterbury Times, Issue 3015, 25 November 1882, Page 4

Business Notice, K«ffIOHA*.MoC AHON&Co General Storekeepers, PRODUCE AND PROVISION MERCHANTS, &c. THE CASH STORE, NORTH STREET, OPPOSITE BUTLER STREET TIMABU. Tho Best and Cheapest Souse in Town for all hinds of Coeds.

[Pegs pectub OF THE Temuka Linseed, Oil, Cake, and Fibre Company (LIMITED), To be incorporated under “ The Joint Stock Companies Act 11 and the Acts amending the same. CAPITAL •• <£lo,ooo In 2000 shares of Five Pounds each, to be called up as follows-5s per share on application ; 5s per share on allotment; the balance in Calls of not more than 10s per share, at intervals of not less than three months, as the requirements of the Company demand. Provisional Directors; K. A. Barker, Esq. John Talbot, Esq. Richard Turnbull, Esq., M.H.R. 8. D. Barker,Esq, J. P. J. S.Hayes,Esq,M.D. J. H. Sutter, Esq., M.H.R. John Patterson, Esq. W, Lyon, Esq. T. H, Trezize, Esq. W. Postlethwaite, Esq., M.H.R. J. Guild, Esq. W. Murray, Esq. D. I,: In wood, Esq. J. T. M, Hayhurst, Esq. R. K. Parkerson.Esq G. Woodhead, Esq. Solicitor : Mr W. G. Aspinall. Secretary: Mr J. Ashwell. Bankers: The Bank of New Zealand, Temuka. Broker : Mr K. Sando. Office ; Temuka.

The Company »s projected to manufacture European Flax into Fibre, Hope, Twine, Oil and Cake. There is at present a large and increasing demand for fibre, in the shape of rope, and binding and other twine. £44,429 is annually expended in importing binding twine and cordage. Owing to the replacement of wire by twine for binding purposes, this amount may reasonably be expected very shortly to be exceeded considerably, not to mention the other numerous applications for which the fibre may be utilised. It is anticipated that the manufacture of Oil will be one of the most lucrative operations of the Company. The quantity of Oil imported into New Zealand last year was 229,029 gallons, costing £83,885. It will therefore be seen that the demand for this substance for painting and other industrial purposes is practically unlimited. It may be noted that there is a protective customs duty on Oil of fid per gallon; also that the Government offer a bonus of £SOO for the first ten thousand gallons. After the expression of Oil from the Seed, the residual product, or cake is of considerable value for fattening stock, and commands a price at home of £l2 per ton. It would therefore pay to export, if the local demand was not equal to the supply. It is proposed to obtain machinery with the latest improvements, capable of placing the above-mentioned products in the market at the lowest possible cost. It is anticipated that the supply of raw material will yearly increase, as doubtless the farmers of the district will find it advantageous to cultivate European Flax —directly by the uniformly remunerative market for the raw material, and indirectly by the reduced price of locally manufactured products, compared with the importeda rticle. The promoters have no hesitation in recommending the Flax industry as a most profitable enterprise to both flax-growers and shareholders. The incalculable advantages to the district of an industry of this nature in our midst cannot fail to be patent to all, and the numerous applications of flax fibre in the Arts will undoabted'y lead, at no distant date, to the eslab.isbmeut of other kindred industries. Money to lend— Advances also made on any approved Securities. W, 0 “BESWICK. Sutter’s Buildings, 20th September, 1882.