AN AUSTRALIAN PROJECT.

Poverty Bay Herald, Volume XXX, Issue 9638, 13 January 1903, Page 4

AN AUSTRALIAN PROJECT.

A project is reported to be on foot for the dcvelonnu-ut of .->uine 20,000 square miles of the Nortlu-ni Teri'itory of South Australia as a nival-producing' area, aiul matti-ni- m coiuii'L-tion with die .^^;la■lllL■ have progressed so far that a comiiauv with a capital fixed at £450,000, and ontitJed "'l'll.. Kiistern Cattle, Cold Sloniyiand Lund Company, Limited," him bi-i-u fornn-d -l<» i-a.iTv it' into ellect. 'I'hu land to lx> actjuiivd forms one solid block, bounded on the north by the Arafura Nra, east by the Gulf of Carpentaria, south by reserved land fronting l{oper river, anil west by a straight line from tJiu Arafura Sea towards tin; Roper. It is claimed that as this block lies within the numsooiuil area it is not suJbjeut to lengthened drought, and. m proof, it is cited that the lowest rainfall ever known m a year was 43Ln iv the north, and 32in m tlie south part qf tlie block, the averi age _ ruinfall. for. 13 years prior to 1899 [having been Win..,, The primary object of the company is the raising of cattle with a' view to the export of bi'vf m a "chilled" condition, uiid markets fr>r both : classes are looked' f/»r itot only m Linulon, but m Sjjigiipore. Honfjkong" the Pliilip- 1 pine.v, and South' Africti. Sydney and the ' sout.he.rn ports of -the Commonwealth are I aLso considcrcrl to "aftWd scope for t!lm j coinpa.ny's .openitions, but iiii normal time«.it. nii|y,.well b\\ doubU'd wJiether it will b« able ,to trade profitably m. those centres. So far we have no proof that beef can be ecoiKmiically ciirried m "chilled" 'coTiditioh to inarkcts at »so great a distance froni'the port of .shipment as London.. will .b.e.. Among those primarily interested m the now, project- are Messrs Houlder Bro«., the well-known ship-ow-nm%s, who hold 10,000 (jhares m the vendjug. syndicate, r and, it , is stilted, "are ready to odntraot" to sliip and sell tlie beef . npeutioiiied whenever required." Mr Cl^irTes'Phhr'a/.yii and Mr William ActonA(lam,sare understood lo have taken a leaflinVr rwirt in'fonni'ng' the preliininary sviidicak 1 -; and iii the prelinrinaiy nwgotia-tion-s. The registered offices of' the company will be 1 m 'Melbourne. «MW'n«FPianiimw«iQaNMn«