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We have before us a proof copy of the prospectus of a company to be called "The Oamaru Crown Flour Mills and Baking Company (Limited)." The proposed capital k is Lf>o,ooo, which it is intended to raise in 10.000 shares of L. r » each, and it is proposed to call it up in the following manner :—los. on application, at allotment, and at three months, and 10s. calls at intervals of no less than three months until the sum of L2 10s per share shall be paid. The tist of Provisional directors includes the names of substantial, well-known resident* of the district. Messrs. Ilislop and Creagh are the solicitors, 3lr. George Surupter the local agent, and the Colonial Bank of New Zealand thw bankers. The prospectus states in effect that tho object of the Company wilt be to k * combine the milling and baking trades upon an extensive scale," with the object of reducing the cost of bread to tho consumer, and securing a ready market for the produce of the milling department. The tield of operations is to be the targe mills of Messrs. J. T. Evans and Co., and the business and assets of that tirm are to be taken at valuation. The vendors offer to retain the management of the business for three years, and to pay interest at the rate of 10 per cent, per annum for that period. These are the bare particulars of the scheme, which has for its object the cheapening of the working man's bread. Thesd are not propitious times for embarking in stuch enterprises. The Woollen Company, which started so favorably wa3 nearly successfullj launched when the depression came upon its, and it was deemed advisable to let the scheme re3t awhile. Some of the soundest, most moneymaking concerns go a begging now-a-days, not altogether because there ia not the money to work them profitably, but became of tho doubt and suspicion which are now attached to anything but solid cash. The Flour Mill and Baking Company will not be tloated without some difficulty, but it is a good idea, and with proper management should meet with success. What it aims at is the cheapening of bread, and this is, judging from tho action taken in other places to effect the same end, an object in which the public take great interest.

The eight o'clock service in the new Teesstreet Hall last evening was very fairly attended, and addresses were delivered by Messrs. J. H. Milligan and C. G. Moore. The choir sang with taste at the close the sacred - r ;ll■_* •' Calling now, I rodigal. \f r. • .•. tin'-' f.f the .Joint Sub-Committees I lor" the Philharmonic Society and Volunteers this afternoon, it was decided that the concert to be given for the purpose of liquidating certain liabilities in connection with the Volunteer Hall should take place on the 27th ! instant. Mr. and Mrs. Baldwin, the celebrated exposers of spiritualistic trickery, will appear at the Volunteer Hall to-inorrow evening in their clever entertainment. They have de■if'rvciilv been 'loinLf a large business south, rtti-i will doublets meet with the same success here. They are genuine exposers of humbug. Mr. Philip Blakesley was fined 20s by the : Pahnerston Bench on Thursday last " tor allowing music and dancing in the room of his licensed house." We suppose that Mr. I'iakesley wa3 " driving dull care away " by twanking the strings of his guitar when Mr. ■Sergeant Kooney, energetic officer that lie is, arrived on the spot just in the nick of time to merit promotion. Poor Blakesley was revelling in a delicious pianissimo, when Mr. Itooney interposed himself to assert the law, and at the sight of so unmusical an intruder the player made an involuntary sforzato, which spoiled (lie effect. But that is not the point. Does it not seem paradoxical that the sly-grog- >. liii!g hoarding-housed of Oamaru, the hotbeds of all the evils arising out of illicit drinking, should be allowed to go on in their evil course*, with only an occasional abortive attempt to bring then, to justice, whilst music and danefng are disallowed in a duly licensed house. Music and dancing ! These are nothing compared with the amusements of the sly-grog selling shanties of Oamaru. A gentleman residing in town was astonished to find on the pat of butter placed <>n his breakfast table this morning, a neatly executed plan of some town sections. Aware of the ingenious devices adopted by land speculators for advertising " eligible properties," the gentleman in question at tirst thought that this was the latest development of their advertising proclivities. A closer examination, however, revealed the fact that the butter had been wrapped in a plan ot a property to be sold, and the colors in which the plan was printed not l.riiii: •" warranted l'a-t' : left their impression on the butter.—Wellington Exchange.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OAM18790609.2.7

Bibliographic details

Oamaru Mail, Volume IV, Issue 979, 9 June 1879, Page 2

Word Count
805

Untitled Oamaru Mail, Volume IV, Issue 979, 9 June 1879, Page 2

Untitled Oamaru Mail, Volume IV, Issue 979, 9 June 1879, Page 2

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