Page 2 Advertisements Column 2

Clutha Leader, Volume I, Issue 45, 20 May 1875, Page 2

surrounding the present centrally sitpated Works (secured with a view to tbeir future development), and the Large and Substantial Buildings, with Plant and Stock, at a valuatfon estimated at, or about £7000, including the General Government Bonus of £300. Tbe amount of Goodwill, estimated at £2000, Mr White has resolved to invest in tbe Company in paid-up shares to that amount, so confident is he in the bona fides of tbe | undertaking in the hands of a public Company. The projectors have also secured from Mr White, his right obtained from the General Government to remove clay from the lands adjoining the line of railway between Tokomairiro and the Clutba, which clay is allowed, by competent judges, to be equal to any found in England for manufacturing purposes. Tbe Government are now forming a siding to these clay pits, wbich is inexhaustible. Tbe projected branch line to the Tokomairiro coal fields bas also been surveyed to pass in front of the premises, so that the works will be in railway communication with the raw material, with unlimited and cheap coal supplies, and with a port of Shipment ; as also with the metropolis and the larger townships of tlie Province likely to iorm good markets for supplies, j The Projectors appeal for support with every confidence to the residents of Tokomairiro, and the settlers of the County of Bruce generally, as the j establishment of this industry has already tended greatly to develope the resources of the district in opening ut> clay and coal mines, employing a large amount of outside labor in procurino* and carting timber, coal, and clay sup° plies j while the recent unexampled prosperity of the township of Milton has been greatly advanced by the presence in its midst of the large number of employees, men, women, and children, engaged upon the works, and which would be greatly increased by a larger proprietary possessed of increased capital to carry on the works to every advantage. The Promoters also confidently bring" the enterprise under the notice of the general public of Otago, as it is a well known fact that nothing so tends to advance the prosperity of a country as the establishment of local industries Within its borders, thus preventing the export of capital from the. Colony for supplies of everyday requirements. Apart from these considerations the enterprise of itself promises to be an amply remunerative and successful one. The projectors, having given the matter in all its aspects every consideration, have great pleasure in placing the Company in the market, and believe it will * prove in every way worthy of public confidence and co-operative support. GEORGE CAPSTICK Interim Secretary.