THE IRONSAND PROJECT.

Taranaki Daily News, Volume XXIV, Issue 13, 16 January 1902, Page 2

THE IRONSAND PROJECT.

The N.Z. Tinm London correspond*©*, writing oa 13tb December, says: — l am glad to be able to report at laat that Messr* Cad man and Smith have mad* .final and definite arrangement* with a leading London firm to fleat a print* j company to deveiop the iron and ste*t industry of New Zealand, with aoanitel of £500,000, of which £250,000 wifb* working capital. There will be a reserve fund, and the balance of the capital will be used in acquiring tbe COOI cessions and in the expenses conn*o**d with the erection of extensive work*. ! As there are a few details in connection with the oonoesiion that require arrangement on tbe spot, Mr Oadman will return with Mr Smith by the Karem** on 19th, and attend to these matters . himself in the colony, returning, if required, to England in March to nuke final arrangements. Mr Smith l» «• pected to receive early next week from Sheffield some finished articles of cutlery made from Taranalri ironsand, in the shape of surgical instruments, tanputating knives, razors and oartata, of which the m»nufacttirer» speak in high term?. A pair of carvers in a box at New Zealand ornamental woods is, I believe, drstined for " King Richard " himself. The carvers are guer*at**d to glide through even the meateopplied to the Newtown Park eneaainment.