Page 3 Advertisements Column 3

Oamaru Mail, Volume II, Issue 444, 29 September 1877, Page 3

PUBLIC COMPANY PROSPECTUS OF THE O-VM R U STONK QUARRYING AND EXPORT COMPANY (LIMITED). CAPITAL - - - £25, €OO, In 5000 Shares of £5 each. Deposit payable on application, ss. per share. Allotment Call, ss. per share. The balance to be called up required ; but calls to be made at intervals of not leas than three months. The period, therefore, during which the whole amount may be called up is thus extended over two years. The Company is to be registered under the "Limited Liability Act" so soon as half the number of shares are disposed of. A Moiety of the Shares is reserved for the Australian Market. PROVISIONAL DIRECTORS : Oamaru. His Worship the Mayor of Oamaru George Sumpter, Esq., J. P. Thomas Procter, Esq., M.M.C. Samuel Gibbs, Esq., M.M.C. Joseph Booth, Esq., M.M.C. J. Lid die, Esq., M.M.C. C. S. Allen, Esq., Manager Bank of New Zealand C. Galbraith, Esq., Timber Merchant. Melbourne. His Worship the Mayor of Melbourne Alderman Aarons John Andrew, Esq., M.L.A. Samuel A me*, Esq., M.C.C. A. K. Smith, Esq., M.L.A. T. W. Mason, Esq. T. Millar, Esq. T Y. Anderson, Esq. John Danks, Esq.

The Melbourne Directors have been elected to act provisionally, subject to their approval. solicitors : Messrs. Julius and Balmer. BANKERS: The Bank of New Zealand. SECRETARY: J. K. Brown, Esq. The " Oamaru Stone Quarrying and Export Company " is projected for the purpose of further developing our valuable stone deposits, and to secure for it a much larger consumption in this and the neighbouring colonies. The enquiries of the promoters conclusively prove that the time has now come when the great facilities afforded by the Breakwater and the numerous line: of railway now opened should be more extensively utilised, and this branch of industry developed on a scale commensurate with its vast importance. By referring to the "Beport and Evidence " it will be seen—--Ist. That the country extending from the Kakanui River to the Waitaki Plains abounds in stone deposits of the best description ; that numerous quarries are already being partially worked, and the supply obtainable is absolutely inexhaustible. 2nd. That the exclusive right to work such quarries as may be decided upon can be acquired by a Company upon the most favourable terms. 3rd. That in the larger operations of a Company tha present methods of working the stone may be vastly improved by the application of steam power, and the introduction of improved machinery and other appliances at every stage, from the quarries to its final destination, economising labour and greatly increasing the facilities and lowering the rates of transit. 4th. That the promoters, therefore, are confident that not only will they ab orb the entire local demand a; well as the considerable business which has hitherto been carried on with Dunedin. Christchureh, and other parts of New Zealand, but they confidently anticipate an enormously increased trade with \ictoria, where it has already acquired considerable dimensions, but is, in their opinion, capable of indefinite extension. The investigation of the promoters abundantly proves that great injury has resulted from shipping stone in inferior vessels, as well as from insufficient and careless stowage, the stone having been frequently delivered seriously damaged by salt water, and altogether unfit for building purposes. It will bt the special object of this Company to guarantee the proper delivery of the stone, and thus restore its reputation in the Melbourne market. Another great evil which has heretofore prevented its coming into more general use was the irregular nature of the supply, affording thus neither security nor confidence to those employed in building operations. The promoters purpose placing a large quantity in a Melbourne depot, and trust they will speedily be in a position to execute the largest contracts with which they may be favoured with prompt dispatch, as well as in sound condition.

sth. They have only fur;her to refer to the valuable testimony borne to the quality of the stone by so many professional men and others well competent to judge. Such a mass of conclusive evidence as to its extreme durability, its great strength and other serviceable qualities, its purity and beauty, and the facility and consequent economy with which it can be wrought into the most elaborate designs, sufficiently warrant them in concluding that an assured and most profitable trade awaits the operations of this Company; and while they will be in a position largely to reduce the price, the undertaking wi 1 nevertheless remain an exceedingly safe and profitable investment to the shareholders. N.B.—Should the Company not be successfully floated, all deposits >vill be returned IN FUIiL. Half only of the Company's shares are now placed in the local market for a limited period, and will be allotred in the order of their application. Immediate application should therefore be made to prevent disappointment. Cheques should be drawn in favour of C. S. Allen, Esq., Manager Bank 2sew Zealand, Treasurer, and applications, by letter or otherwise, to the undersigned, from whom Forms of Application, the Committee s Report and Evidence thereon, may be obtained. J. K. BROWN, Agent, Tliames-street. Oamaru, Sept. 26, 1877. 802