Page 1 Advertisements Column 4

Poverty Bay Herald, Volume VII, Issue 1180, 24 November 1880, Page 1

Business Notices. A BRIDGED PROSPECTUS JLJI. op Proposed Compaqy for the purpose oi Working the Valuable Marble and other Mineral Deposits at Caswell Sound, New Zealand, TO BE CALLED, The Caswell Sound Martle, Portland Cement, and Mining Company, Limited. To be registered under " The Mining Company's Act, 1872.'' CAPITAL : £SO,OOO.sTERLiNatN 10,000 shares, at £5' BAdH ; 5000 of which will be allotted at ; once, the balance being retained for future' issue, the original Shareholders retaining the right of taking these up when issued at par pro rata. "■■>''• GALLS : 5s per share on application, 5s ' on allotment, the balance in calhVas ; required of 10s pe^sha're, at intervals of not less than three months. Provisional Directory. Hon. Edward Richardson, C.M.G., 1 M.H.R., J.P., Chiristchurch. Hon. J. T. Peacock,' M.L.C., J.P., Ohristchurch, . . • Alex- M'Rae, Esq., Christchurch. W. H. Pilliet,Esq., X'P., Christchurch. W. Stocks, Esq., Chrilitohnrch. W. Hutchison, Esq., M.HR, J.P., Mayor, Wellington. £. W. Mills, Esq., J.P., Wellington. lion. J. A. Bonar, M.L.C., J.P., Hokitika. M'Lean Watt Jack, Esq., J.P., Mayor, ' Hokitika. Richd. N. J. Reeves, Esq., M.8.R., - ! J.P., Nelson. ' A. Stenhouse, Esq. , Dunedin. George Munro, Esq., Dunedin. J. R. George, Esq.; A.M. Inst. C.E. A. S. Chapman, Esq., Wellington. ! Hon. Sec. pro teni : Charles Pownall, Esq., Wellington. Hon. Treasure^) pro teni : Alex. M'Rae, Esq., phristchurch. Bankfrs and Agents ; Bank of New Zealand, Wellington, and Branches. Solicitors. . Messrs. Buller, Lewis, and Gully. Brokers and Temporary Oefices or the Company.- . Messrs. Charles Pownall & C»., Grey--1 street 'We'HJngtoni ' \pro iem .* ' i .'.A. H. Malcolm, Esq. Copies of Prospactus and forms of Application for Shares can be obtained from the Brokers, Provisional Directors, or from any of the Branches of the Bank !of New Zealand in this Colony, until the loth day of December, 1880, at which date all applications must be in the hands of the Brokers, when the lists will positively be closed and shares allotted. Specimens of Caswell Sound Marble can be seen at any of the Museums in ;New Zealand ; the Chamber of Commerce, Wellington } or on application to any Officers of the Company. In introducing this eligible investment to the notice of the public, the promoters desire to state that the Company's 'rights comprise the best, niOßt avaliable, ; extensive, and perhaps most valuable Marble deposits in the known world,, at all events in the Southern Hemisphere. {This is sufficiently proved by Caswell i Sound Marble securing the first prize at | the late Sydney Exhibition against Italian Statuary and other valuable ; varities. They also wish to dwell upon its known certainty and non-speculative : character, the ultimate success of this venture being now well established. | The lowest quotation for this Marble is 1 12s. per foot, and ranges up to £5. Larger blocks are, however, much more ' valuable, some pure White Statuary, without flaws, realising as much as I £20,000 sterling in Europe. The ordinary price for a block suitable for a life-size humam statue being about £1000. The present cost of producing this Marble by manual labor only is about 2s. per cubic foot, f.o.b. These figures may appear' incredible, but they are nevertheless absolutely correct. Thus, taking the cost of production as stated and the very lowest wholesale quotation at 12s. per foot, gives the apparently fabulous minimnm rate of 500 per cent, profit. It is, therefore, no visionary matter, as these are leading commercial lines and the values well known, the facilities of production, nhipmenfc, high quality of product, giving a vast advantage over any like property in the world. We will also venture to predict that the value of the Company's shares w,ill increase at leaßt 300 per cent, within twelve months Of issue. Referring to consumption of these commodities, it is also enormous. The consumption . of Marble, Portland Cement, and Lime, in the Australian Colonies alone during the last twelve ' months has been £2,872,600 sterling, • and' rapidly increasing. Caswell. Sound is a commodious and safe harbor for the largest vessels in all weathers, , the 1 work of the ; Company being situated at the water's edge. The Government of ! this colony has also promised to fayor- >! ably consider special grants and cori- : cessions in aid as soon as the Company is successfully floated. Further particu- • lars re other minerals found at the Sound, copper,.c6al^ gold,' &c., also the manufacture of hydraulic, cement, lime, , &&, together with scientific, professional, Government, and other, reports, with details of the objects and intentions of , the Company, we refer to the Prospectus, which can. be obtained upon application to any of the officers of the Company or from Company's Agents, the Bank of New Zealand, at any of their branches in this^olony and ' Australia. 626