FORTY YEARS AGO.
CONTRASTED WITH TO-DAY,
THE EFFECT OF A MAN'S WORK AND INFLUENCE. t
The formation of Mr. Newton King** business into a limited liability company is an event of importance to Itie whole of Taranaki. It constitutes jfttw crowning work of the efforts of a than who has done more in the past thut any other single ituui in developing and. building up the resources of Taranaki.
Forty yeara ago Taranaki was a mote and comparatively obscure cofnpr of the North Island, the greater (portion of the province being in its primeval state, unimproved and undeveloped. New Plymouth, its .capital, was & atraggliug settlement, depending upon an ■ "pen roadstead for its communication with the outside world; no main arterial roads, ,no railways. : To-day all tfclf M changed. Smiling farms, with well-kejjt homesteads, have taken flu*' •( standing bush, metalled roads traverse ' the country in all.,directions, prosperous inland towns have sprung up throughout the district, surf boats and tbfOMti roadstead have given place to a harbftr providing accommodation for shipping all feathers, from the coastal to the ocean liner. An arterial railway provides communication with the man centres of tho North Island. Dairy factories abound in every part of the district, the production of butter and cheeße amounting to some 26,800 totft annually, and the prosperity of the district is reflected in the measure of comfort enjoyed by the community as. ft whole. '
Residents of Taranaki familiar with its history will readily admit that ife progress and development during the • period under review ia due, to a veiy great extent, to Mr. Newton King, whp, . although a busy man himself, alway® found time to interest himself In all matters tending to advance the interest* , of the district. In the development ©f the harbor Mr. King has always taken the keenest interest, sparing neither time nor expense in advocating its claims, assisting in its growth and development, and being instrumental byi his influence and enterprise in bringing direct shipping to Port Moturoa. To Mr. King the dairying industry in Taranaki owes much. He was quick . to realise its possibilities, and with his partners in thcyCrown Dairy Company (Mr,. Bicliard Cock and the late Mr./ .7. C. George), was largely instrumental in laying the foundation of the present system of cheese and butter production. To the struggling farmer of the early < days ho was always ready to extend a , hoiping hand, and many a settler who : ride* in his motor car to-day will readily admit that he owes his start in life, and his present position of comfort and prosperity, to the mail who, by, hit Indomitable energy, business ability and foresight, has built up a business second :, to none in the Dominion, and which, by. its extraordinary growth, now necessitates its being formed into a company, controlled by a board of directors. A contributing feature of- the succpaq, achieved by Mr. Kjing in building, up this wonderful business has been the loyalty and co-operation of the staff, among whom Messrs. Stanley Shaw and Fred Watson are the oldest members, the former being associated, with Mr. King from the inception pf the business, and the latter joining him a few years later. '
| As the board, however, will consist , [ of the present heads of the and Mr. King will himself hold the position of general manager, it follows that . the policy of the business will to no '' way be changed, and clients of the com- 1 pany will continue to receive the consideration when under the' regime of Mi'. lung alone. „ In order to give his clients andfriends an opportunity of acquiring an intftsest in the company, should they so a certain number of both ordinary and preference shares have been reserved for application in Taranaki. Those who secure them will have the satisfaction of knowing that they are investing their money in one of the soundest and beat, managed businesses in the Dominion, which will continue to expand with the ever-growing development of tha district and the harbor at Moturoa. . i It is a, well-known axiom that the onlooker seeß most of the game, and it in evident fro® the extraordinary demand for shares "in the company which, is being experienced from Wellington 'Auckland that the investing public at a. distance are quicker to gauge the possibilities of the business than those who are closer at hand. It is now certain that the share list will close long before the date originally intended, so those who contemplate taking shares should * m:'t<e immediate application, or they will undoubtedly be shut out.
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Taranaki Daily News, 7 August 1920, Page 5
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757FORTY YEARS AGO. Taranaki Daily News, 7 August 1920, Page 5
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