TARANAKI IRONSAND.

Taranaki Daily News, Volume XXIII, Issue 143, 11 July 1901, Page 2

TARANAKI IRONSAND.

FAVOUhRABLE PROSPKOTS. Etku since the departure of th 1 ? Hon. A.J. Cadman q.nd Mr. E. M. Smith on their important mission to London relative to the d> velopment of t' e ironsicd industry, all those Interested in the matter hive been on th * -fjui vive for t e«'s of the ; r 'arrival and for a>' indie i ion as to tin prospects i f sue c.s a . Iu f-xpectttinn of newsb; y»st j m-il a Daily News representative interviewed Mr D. Berry, who stated h<* had received letters from bo h 'he gentlemen above men' : oael. We t>ra pi ased to learn that they hid a very tr p Horn • and tint Mr. Cidman's haalth, which was ve r y indifferent at tie time of his leaving the colony, had improve'. Altheugji they rraobed' London on May 25t Vi , it was not unti 1 June 7'.h t hit the iron sampl s they had tiken wi h them wera availab'e, as o *ir>g to the crowded s'a'e o r f he docks, the material cml I notbs unloaded s oner. Meinwhile they w< re busily en-aged in getting out a prospectus which rame from the printer'.hands on the s day as simples were del'v red. Their mi sir n b cime wide'y known through the m dium o f the London Times, which published a v.i'y favourable article from its New Zealand correspondent, which Mr Caiman considered was very fhtterinsj 11 him. This artie'e will be published in these c lumps in ano'her i sue. It had the effect of drawing tonsiderab'e attention to the matter in hand, hi d as a result, Messrs Cadman and Smith had interviews with R-vr.l persons d sitiag to become acquainted with the underlying p^ s . sibilit : es rf the ur>. N turally and'properly it woul 1i o' prn len on the part of th -1 promoters to be over sanguine of complete success at tbi< early btagi of affairs, but Mr. Cid man considers there is a re\fO"aMe of floating the Company. It mayth r - fore b) assumed that so far the p oject >s meeting with a fati factny rec ption. )

Ia relation (o the land at Mokau, a letter was awaiting Mr. Cadmin i > which Mr. Joshui Jones stated t hat he would oppise any dealings wi h land on the south side of the river, bun he also stated "that he wi hed to avo : d any interference with the oth<r than the protee'ion of h's interest as he wished it eve"y success. Needless ti siy Mr. Smith is up to his ey- s in business, and f s'that is a cmditi'n in which he revels, our n aders will not be surprised to iearn that he i<i in go:d form and enjoying excallent health.