Page 5 Advertisements Column 2

Dominion, Volume 3, Issue 891, 10 August 1910, Page 5

tThe Subscription List will open on Wednesday, 10th August, 1910, m tho Commonwealth and New Zealand simultaneously..! . tissued at all thoir Australian branches through the Bank of Australasia, and at tho Dominion branches of tho Bank of New Zealand, who will receive applications for shares.] ■ ' . ' , ",■ ■ • PROSPECTUS OF \ [With which is incorporated the business of Bowron Bros, and Co., Limited, of Cliristcliurch, and.elsewhere, New Zealand.] To be registered under tho Companies Acts, 1599-1906> N.S.U. LEATHER MERCHANTS, MANUFACTURERS, EXPORTERS, , AND GENERAL MERCHANTS. .CAPITAL - £1.75,000,-. Divided into 175,000 Shares of £leach, of wliioh ' 25,000 are 5 per cent, non-cumulativo Preference; Shares or £1 each ana are preferential both' as to capital and dividend, and are entitled to share pro rat-a with the Ordinary Shares in the surplus profits remaining after payment of a 5 per cent, dividend in any year on the Ordinary Shares, and x •, 150,000 are Ordinary Shares of £1 each. 175,000 ■ ' • . ~.'..■ 100,000 Ordinary Shares of £1 each arc offered for public subscription, payable ss. on application, ss. on allotment, and the Temamdcr within two months. ' ■ , : : 15,000 Preference' Shares, fully paid, will he allotted to the,vendors. as part consideration of purchase. 35,000 Ordinary Shares, fully paid, will be allotted to the vendors, as ■ part consideration of purchase, and . *'■ ■ , 25,'000 Shares (of which 10,000 aro Preference Shares and 10,000 are " .. ■ Ordinary. Shares) are held in reserve for future issue for tho ' ••- -j purpose-of the extension of the business to Sydney and other < . parts of the Commonwealth, or for such other purposes as ... .'. the' Company may think necessary. : .: • ■ '175,000 .'.''.'■" '' ■ . :■ * '■/ '' : ; -'."' :'■.' / (90,000 of the public issue has been underwritten' by responsible Underwriters as per Contracts hereinafter mentioned.) . . ..*-■' ' ;;•'•: , directors. :'.,' :' ; ' ..-" ' australian board: '•■:-.. SIR JOSEPH CARRUTHERS, K.C.M.G., Royal Chambers, Hunter. Street, ■ " ' i-V . Sydney. .. !.' E. OWEN' COX (Messrs. Birt and Co., Ltd., Shippers and Merchants), " "'•;■' ' ■ : 7 Macquarie Place, Sydney. .' ' ' CAPT. T. LANGLEY- WEBB, Director, Messrs. Huddart, Parker and Co. .. Proprietary, Ltd., Sydney. 6. O. HYDE, Managing Director, North Bulli Collieries. J T. TOOHEY, Messrs. Toohey's, Limited, Sydney. A. J. STAUGHTON, 9 Albany Chambers, Collins Street, Melbourne. (The Vendors shall be allowed one seat on the Board.) - NEW ZEALAND BOARD: JOSEPH JOSEPH, Director, A.M.P. Buildings, Wellington. DR. W. E. COLLINS, Member of the Legislative Council of New Zealand. GEORGE BOWRON, Messrs. Bowron Bros, and Company, Limited. „ J. J. KINSEY, 'Messrs. Kinsoy and Co., Lloyd's Agency and Shipping Merchants, Cliristcliurch. DR. CHAS. P. KNIGHT, Wellington. SECRETARY: BRISBANE JAMES M'DOUGALL, 1 and 2 Imperial Buildings, 16 O'Connell •Street, Sydney, N.S.W.. HEAD OFFICE: 1 and 2 Imperial Buildings, 16 O'Connell Street, ■ Sydney, N.S.W. * - ,NEW ZEALAND OFFICES: • -.. Head Office: Christchurch. \ Branch Offices: Auckland, Wellington, Dunedin, and Palmerston North. , '■ Tannery and Works: Woolston, Cliristcliurch; N.Z. 1 Warehouses: Christchurch, N.Z. SOLICITORS: THOMAS MAUDE, Barrister and Solicitor, Hereford Street, Christchurch, ■-•■...' N.Z. . ' • MESSRS. FISHER AND MACANSH, E.S. AND A. Bank Buildings, • Sydney, N.StW. : . AUDITORS: MESSRS. JOHNSON, JOHNSON AND GIBB, Public Accountants and Auditors, Castlereagh St., Sydney. B. H. MODLIN, F.C.A., F.S.A.A., England and Wales; F.1.A.N.Z., F.N.Z.A.A., Certified Public Accountant, Now Zealand. \ • BANKERS: THE BANK OF AUSTRALASIA, Sydney. THE BANK OF NEW ZEALAND,. Christchurch and all Branches. BROKERS: ■ " : MESSRS. HARCOURT AND CO., Wellington. R. 0. DUNCAN, Christchurch. W.J; HOPKINS AND CO., Chris'tchurch. MESSRS. V. J. LABNEIt AND CO., Auckland. MESSRS. J. T. HENDRY AND CO., Auckland; • MESSRS. SLIfiO BROS., Dunedin. MESSRS. QUICK AND- SMITH, Dunedin. ■ Also, '■ ' ' The Various Branches of the Bank of New Zealand. " . Any registered members of the Stock Exchanges of tho Commonwealth of Australia, to whom will be paid the usual commission ou all applications bearing their stamp. The iowOT Iras. Export and Trading ■■■'■ - Company, Limited.." OBJECTS.' • ■ This Company is being formed for the purpose.of acquiring, as a going concern, the old, well-established, profitable and highly favourably known business, of Messrs. Bowron Bros, and Company, Limited, now being carried on at Ciiristchurch, Auckland, Wellington, Duneclin, and Palmerston North, " New Zealand, including the large and valuable freehold and leasehold premises, plant, machinery, stock-in-trade, and the benefit of certain valuable existing contracts. The business is devoted mainly to tho treatment, manufacture,- sale and distribution of , leather, grindery and general merchandise; . there being also a large export trade, chiefly of leather, pelts and wool, the turnover being over £300,000 per annum. It is intended to extend the trading operations of the business so to be acquired to Australia, it-being recognised that there is great scope for such operations in the ConirnonWeat ' . PROPERTY AND PLANT. This is very extensive and of great value, and comprises the following freehold land and buildings with plant and machinery thereon aiiH therein: An 'area of about six acres of land situated at Woolston, near Christchurch, with all necessary buildings thereon, being' 22 in number and containing complete up-to-date plant and machinery for a largo and modern tannery, for the manufacture of all classes of leather, comprising: Gas-producing Plant, with Boiler and Gasometer. ; Warehouse and Office. General Storage Buildings. Shaving Machine Shops. ' 'Chrome Tanning Shop. Curriers' Shop. , ■ ■ , Chrome Finishing Shop. Engineers' Fitting Room. Engino Room for Curriers, and Machine Shops with 115-h.p. Gas ■Engine. Pelt Buildings and Engine Room with 96-h.p. Gas Engine. Warehouses. . ' . 1 Machine and" Curriers' Shops. : -, Largo and Extensive Storage Warehouses. Tan Pits.* ' Limo Pits. . . Fellmongering and Splitting Machine Shops. Coloured Leather Shop. ■ '.-•■' Merchandise Warehouses, Etc., Etc. Tho premises aro connected by a private siding with the New Zealand Tho Power-Gas Producing Plant and Machinery with all necessary conveniences is arranged for serving the whole of the works. Photographs of the buildings, plant and factories may ho inspeoted at the offices of the Company. ■'■~■., -, Tho following figures, which aro based on valuations made by the undermentioned expert valuators, will, testify to the value of the above assets: ' - ' ' '£ Land (including interest in leasehold railway siding, together with. buildings, erections, and other improvements thereon) 33,540 (Valuation by Messrs. W. J. vHopkins and A.'E. Craddock and Messrs. Luttrell Bros.) Machinery and Plant .....:.....................:...... 23,250 (Valuation by Mr. J. L. Scott.) r £56,790 These are independent valuations made on behalf of this Company. The buildings, erections and other improvements on the land havo been valued separately at £27,040, and the land itself, apart from these buildings, erections, and other improvements, at £6500. Tho following extracts from tho aforesaid valuations or tho .Land ana Machinery and Plant, made by Messrs. W. J. Hopkins aud A. E. Craddock, Auctioneers etc., Christchurch; and Mr. J. L. Scott, of Messrs. Scott Bros., Limited, Engineers and Ironfounders, Christchurch, aforesaid, respectively, carnot fail to demonstrate the unique advantages to bo gained by the Company upon the acquisition of the said businesses and premises. . SITUATION.-t"Tlio situation of the land is absolutely perfect for . "the purposes of tho business now being carried on there, or "for any business of a similar character. , RAILWAY SiDING.—"The property possesses very valuable Siduip; "rights" . . . "As far as this particular property is concerned "tho Siding Rights must liavo been the means of saving "Messrs. Bowron Bros, somo hundreds of pounds per annum "in tho receiving and dispatching of tho vast quantity of. ''material dealt with in such a huge business." MACHINERY AND PLANT.—"I certify that the value of the "Machinery and Plant at Messrs. Bowron Bros. Tannery, "Woolston, is £23,250, as shown in detail on accompanying "lists." Tho above affords a solid valuable asset to the Company. STOCK. This is clean, fresh and saleable, and will be taken over by the Company tit cost hut unless the Company elect to tako a greater amount such cost will not amount to moro than £50,000 (fifty thousand pounds). In addition to the abovo Stock, there will also be taken ovor at a valuation all horses, drays, and harness at the several warehouses, and also the bcoks stationery,.office furniture and fittings at Christchurch. Tho greatest care will-bo taken to procure tho services of the most competent and reliable VBl,,atOrS - • PROFITS. Tho cross traditi" profit for the period of two years and two months ending ,30th September, 1909, amounted U> £78,004 13s. 4d.. and the net