NORTH AUCKLAND ENTERPRISE

NZ Truth, Issue 772, 21 August 1920, Page 4

NORTH AUCKLAND ENTERPRISE

♦- PUKBKARORO QUARRIES, L*Tl>. A new Auckland enterprise of considerable interest is, the Pukekaroro Quarries, Ltd., tlie abridged prospectus of which company is being- published m this issue. The capital is to bo £100,000, and 60,000 shares of £1 each are now offered to the public. The provisional directors are Messrs. J. Macfarlane, Robert Burns, and Ernest Yates, all of. Auckland, and Mr. Arnaud McKellar, of Christchurch. The object of the company is to ac- ' a sub-lease for 97% years of-tho trachyte stone-bearing areas of some 82 acres situated at Pukekaroro, about four miles from ICaiwaka, on the North I Auckland Main Trunk line. The property is known as Bald Rock, and it contains a practically inexhaustible deposit of stone m two formations one being admiraJbly suited for converting into road metal, the other being a handsome building stone. The contour of the deposits and surrounding land is said to be such that a working scheme by gravitation can be provided. In close proximity are limestone deposits which are also to 'be worked by the company, the limestone being declared a quality that makes an admirable fertiliser. It is the intention of the company to construct a branch railway line to connect with the Main Trunk line at Kaiwaka. The promoters are to receive no consideration (apart from a cash payment of £ 1260 to cover expenses incidental to obtaining the lease and option and survey of the line), until such time as the company is actually producing road metal, building stone, and ground limestone, when a royalty will be pai( to them for stone removed from tha land.