The Northern Advocate. THE KAMO COAL COMPANY.

Northern Advocate, 2 July 1887, Page 2

The Northern Advocate. THE KAMO COAL COMPANY.

If there is one source of wealth more ' Ihan another calculated to give per- . manent prosjjerity to the county of , Whangarei," it is our vast mineral < wealth, of which coal is at present j most prominent. The Kamo Colliery , Company, composed of a few gentlemen whose enterprise and perseye- 1 ranee deserved a better fate than has 7 attended their operations, is being 4 wound up, and a new company formed '

to carry on operations. The difficulties which attended this mine in its earlier days, both as regards transit ! and. management, were of no ordinary kind, and am too. well known to need comment. Thoso difficulties, together with the calls on the resources of the Company brought about hy the requirements of the Government Inspector of Mines, created -a burden which could not be sustained, and hence the . resolve, to wind up the old Company and form a new ono, under the title of the Kamo Coal Company, " the prospectus of which appear? in another column. Judging from that prospectus, JMr Moody's report, the low price at which the whole property I is offered, and that, .the sixpence per ton reduction asked for on the haulage will be granted by the Government, we cannot well conceive a moro attractive investment. 1,747 acres of freehold and 57-1 acres of leasehold, in all 2 )V 318 acres of rich mineral land, the surface of which is available for grazing, and. agriculture* with hulk, / barges, wharves, siding, mine, mine / plant, and buildings, all ready for immediate and active: operations, acquired at a cost of nearly £80,000} is offered to the new Company for - the sum of £35,000, When it is remembered that the machinery and ; plant are equal to double the output that has yet been effected, that the. demand for the coal ha<3 .never __een~satisfied, that it is ever growing, in popular favour, and the low price at which . the entire property is offered, wo think none who can by any means do it, will hesitate to tako shares in this enterprise. Nor is this all. Not as a dividend paying concern alone would we urge on the public to support this local industry.- Giving employment as it has done to 60 hands—which number will probably be doubled in the future— a. town has sprung into existence, whose inhabitants are consumers alike of farm produce and * tradesmen's wares. £10,000 fPyear spent in Kamo filters through every department of trade and touches every purse. It has often boen said, and: with a great deal of truth too, that. Auckland is a mag-net which attracts to itself tho wealth of the country. /In enterprises like, the, Kamo Coal "Company exists the means by .which, tho stream may be turned, and the health of Auckland flow into this district. To every man wo. would say, as you value the prosperity of the district - and your own, as you regard the reputation of the County, lake sharoe. Let not the cry ''Encourage Local Industry" J^JEor^s^r, o n. .y onr Ij> .3..---yet strfc»sf-Jvto your actions. 1 If,-" for' we thought the enterprise one, we would not so zealously btfng this matter to the notice of the^u blic. Other men have laboured^ and^i s now offered to you to enter into th^r labours ani reap ! TEE .MABSD]^ MAT.: , The address^ Mr Thom^ri : , to the electors of .^arstfen^co^^oii^s, it is witfeji^gJpromiaed supporF^i , Mi Mitcnelso n,"T^pAar_rin. our Sdverrasliig - columns, and musTlie" gratifying ta thatgentleman's supporters; ,NA grca _\ deal has often been said of theheoess- v. ity of unity in the electorate. How ■ desirable soever this much coveted boon, so far as our representative is concerned, thi3 can be effectually secured only by sending to the House _a&M^f Representatives a man whose interes&l^H is bound up with the interest of the^M Electorate, who has experienced the struggles of a pioneer settler's life and knows their wants, giving him the knowledge requisite to secure the greatest good to the greatest numbers, never .forgetting that the interest of all parts-: of the electorate are of equal significance. It is rumoured that Mr Dargaville is shortly to be called to the Upper House. Should this occur, as Mr Alderton has retired from the field, it is possible that Mr Thompson will be the only candidate.