EVANS' ATLAS MILLING COMPANY.
A meeting of the shareholder of Evan3' Atlaa Roller Flour and Oatmeal Milling Company, Limited, was held m the Company's office on Thursday afternoon. There was a large attendance of shareholders and Sir Evane, chairman cf directors, occupied the chair. The chairman, m opening the business made tho following statement : —As you ore nil awaro, fur sotnu years past the grain business m New Zealand has been very depressed, Homo shipments m almost every case having shown heavy losses to shippers. This has been brought about through various causes, among which are over-production, keen speculative competition, quick despatch and delivery of grain cargoes by steamers, instead of sailing Bhips as formerly, telegraphic communication, &c, Ac. I therefore, as one of tha oldest established grain merchants of this place, found that the sooner a new departure was made the better, there being no prospect of any permanent revival m the value of grain m tho Home markets. After mature consideration, and my knowledge of what could bo done with a first-class roller mill, I decided to consult my friends and ask them to join mo m tho venture of starting a roller mill of tho iDOBt modern type m every way with the object of manufacturing somo of the grain of this district into noui 1 on the spot, instead af exporting tho wheat to London at a loss ns haß been the case' for years pnst ; and was pleased to find that the project wa3 almoat universally accepted by my friends, who at onco agreed to tako shares m the concern. I then drew out a prospectus which most of you have seen, and with which I visited the West Coast where nearly ten years of my best days wore spent, and I am best known. While there, I plnced sufficient shares to float the company among my old acquaintances, rainy of whom are dealers m Hour and grain, and therefore moat desirable shareholders to have. On returning to Timuru I ngain received hearty support from nearly every person I naked (only pcoplo I know), the result of which ia your presence hero to-day. We all know that unity is strength, and I have no hesitation m saying that Evans' Atlas Hollar Flour Mill will be started on a sound co-operative basis, and all wo want is a fair field and honest, straightforward opposition. We do not wish to hurt any existing business, as wo are satisfied there is room enough for all present competitors. Some peoplo (there are always croakers) would have yon. believe that milling m Timaru is overdone, that, m fact, there m not. room for us ; but to those wo -would answer : 1 The wheat is grown m this district, therefore a market mast be found for it either m a raw or manufactured stato. As the manufacture into flour involves less expense here than elsewhere, and will give a large number of people employment, why not mill our wheat on the spot instead of sending it away ? Wo have a good port, excellent shipping facilities, our grain is brought to our doors, and into our fltores by rail and road ; coals and water are procurable »t reasonable pricen compared with other towns m tho colony, and our mills are within a fow hundred yards of the plueo of shipment. With all tho facilities m our favour, wo contond that with prudent' management Timaru milling should pay if nr.ywhere. As someone has previously stated Timaru is the Chicago of Now Zoaland. When wlio.it hasto bo imported, cartsd and handled it will bo tho survival of the fittest. Our intention and aim are to mako the Evans' Atlas Boiler Mill superior to nnything of tho kind m this colony and abreast of tho bent mills elsewhero. Our company is not a large one, only £20,000 capital, but without going outside over £16,000 have boon subscribed, and wo fully expect overy share m the concern will bo taken up beforo the alteration of premises is complotod. All our machinery has been ordered from the well-known firm qf 11. Simon and Co., Manchester. This is a guarantee that it will bo first clnss. One of his most trusted mill Wrights takns supervision of tho erection of the maohinery m tho mill and when its erostion is completed, which we oxnoet will be m about joypn months, v capable rollor miller, used to tho Simon svstom, will take charge. Tho new building will ho erectod m front of the pfejent At.'as Grain Stores leaving turntable and lino of Kills into store as at present. Tcndors close on Friday (yesterday)— and if at all near the architect's estimate, tho lowest will, l hop?, bo accepted by your directors. I may liuro stute for your information that tlio comJWy was rogistored on 23rd Jnmmry, this jenr. Ti<B firat meeting of directors was lield on the Bth inst- whon nil that has been done m connection with tho formation of tho uompuny was lnid. before thorn und upproiwl, i uu'l, our banker, solicitor, and valuer
appointed. On 20th iiist. a second meeting of directors was held to complete tho contract with H. Simon through his representative, I Mr Kadfotd; and other business, all of which passed off satisfactorily! was transacted at the meeting. I think you are now m possession of what has been done, and we shall be glad if it meetß with your approval. I will now ask you to elect permanent directors, m accordance with the articles of association, after which auditors will have to be appointed. The following gontlemon were elected Directors for the ensuing year: — Messrs li. Cornish, W. Evanj, H. J. LeCren, W. Priest, and B. B. Taylor. Messrs C. S. Fraser aud Jamos Grangor were delected Auditors. The shareholders present then inspected the plans of tho new mill, after which a Tote of thanks to the chairman terminal od tho proceedings.
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