Page 1 Advertisements Column 4

Poverty Bay Herald, Volume VII, Issue 1183, 27 November 1880, Page 1

Business Notices. A BRIDGED PROSPECTUS JIA_ of Proposed Company for the purpose of Working the Valuable Marble and . other Mineral Deposits at Caswell Sound, New Zealand, TO BE CALLED The Caswell Sound Marble, Portland Cement, and Mmmg 1 Company, Limited. To be registered under " The Mining ' Company's Act, 1872." CAPITAL : £50,000 sterling in 10,000 shares, at £5 bach ; 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 i at par pro rata. CALLS : 5s per share on application, 53 on allotment, the balance in calls as required of 10s per share, at intervals of not less than three months. Provisional Directory. Hon. Edward Richardson, C.M.G., M.H.R., J.P., Christchurch. Hon. J. T. Peacock, M.L.C., J.P., Christchurch. Alex. M'Rae, Esq., Christchurch. W. H. Pilliet, Esq., J.P., Christchurch. W. Stocks, Esq., Christchurch. W. Hutchison, Esq., M.H R., J.P., Mayor, Wellington. E. W. Mills, Esq., J.P., Wellington. Hon. J. A. Bonar, M.L.C., J.P., Hokitika. M'Lean Watt Jack, Esq., J.P., Mayor, Hokitika. Richd. N. J. Reeves, Esq., M.H.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 tern : Charles Pownall, Esq., Wellington. Hon. Treasurer, pro ton : Alex. M'Rae, Esq., Christchurch. Bankfrs and Agekts : Bank of New Zealand, Wellington, and Branches. SOJ'ICITOKS. Messrs. Buller, Lewis, and Gully. Brokers and Temporary Oefices op the Company. Messrs. Charles Pownall & C»., Greystreet Wellington. Manager pro tern ; A. H. Malcolm, Esq. Copies of Prospectus 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 15th 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 5 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, most 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 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 12s. per foot, ana ranges up to £0. Larger blocks are, however, much more valuable, some pure White Statuary, without flaws, - realising as much as £20,000 sterling in Europe. The ordinary price for a block suitable for a life-size h urn am 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 minimum 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, shipment, 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 will increase at least 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 oommodioua and safe harbor for the largest vessels in all .weathers, the work of the Company being situated at the water's edge. . The Government of this colony has also promised to favorably consider special grants and concessions in aid as soon as the Company is ; successfully floated. Further particulars re other minerals found at the Sound, copper, coal, gold, &c, also the manufacture of hydraulic cement, lime, &c., together withscientific, professional, Government, and other reports, with details of the, objects and intentions of the Company, we refer to the Prospectus, w^ich can be obtained upon application toany of the officers of the Company or from Company's Agents, the Bink of New Zealand, at any of their branches mr thisicolony. and .Australia. 626