Page 3 Advertisements Column 2

Gisborne Times, Volume XIX, Issue 1637, 29 December 1905, Page 3

THE EAST COAST TIMBER TRADING COMPANY, LTD. DIR V? T H R Tuokor, Chairman Cook County Oounoil. , J Towniev* Major of Gisborno. W hiovwdght .solicitor, Gbborno. F. Hall, plumbor, Gißborno. t, ; W. Good, jowellor, Gisborno. A. W. Roos, Eolioitor, Gißborno., MANAGER and Soorotaiy: H. 0. Jackson. SOLICITORS,: MoEsrs Rees Brothers. BANKERS: * - Bank cl New Zealand. fUPITAL: One Hundred Thousand founds in-uoo.ooo shares of one pound each.

THE SHARES are divided into Three Classes Glass A.— Thirty thousand Sharos. beatiog preferential Dividend of Fivo por cout. over Olasa B, and Ten per oent. ovor Glass 0. Class B.—Twonty thousand Shareß, bearing a preferential Dividend ovor C1&8B 0. Olass o.—Fifty thousand Sharos, boariog Dividend when Class A reooivea more than Ten por oent. per annum, and Olasß B rooeiveß more than Fivo per cent.

.The above Company invites tenders 'for Two Thousand Dobontures of FIVE POUNDS EACH boaring interest at SEVEN per cant. per,.annum, with a ourrenoy of THREE YEARS, The Debentures will bo seoured upon the following properties a. TIMBER LEASES made between the Tairawhiti District Maori Land Counoil of the one part and the East Coast Timbor and Trading Company, Limited, of the othot part, over the following Blooks : 1. The Kumukumu Block. 2. The Haumatuku N 6.28 Blook 8. The Haumatuku No. 2A Blook 4. The HaumatukuNo. 8A Blook 5. The Haumatuku No. 9B Block 6. The Haumatuku No. 9B Block 7. The Tapuihikitia 0 Blook 8. The Rangatira No. 3AI Blook*

The Sawmill and Appliances at Tapuhikitia recently purchased by the Company from Mr F. Hal), together with the right to the Tramway and the Property in the Bridge recently built by the Company to connect the Mill with the senes of bushes up the Waipaoa River. c. Fifteen thousand fully paid-up preferential Shares, The objects for whioh the money is being raised by the Company are as follow:

(a) The sum of £3500 foe payment of debts and liabilities of the Company at present existing. (b) The payment to Mr F. Hall of the sum of £SOOO, being the balance of purchase money for his plant, mill with its appurtenances, and timber cutting contract. (c) The sum of £ISOO for the conslruotion of the necessary tramways to connect both the Waipaoa and Waihora Bushes with the Karaka Railway Station,

All the properties and shares above mentioned have been convoyed and assigned in Trust for the Debenture holders to the Chairman of the Cook County Council, Captain Tucker, and the Mayor of Gisborne, Mr John Townley.

Fifty per cent, of the annual profile arising therefrom will bo retained and invested by the Trustees ae a sinking fund to pay off the Debentures at their due date.

The report made by Mr Mace upon the value of the timb.r right 3 and properties of the Company estimates the net amount of profits lo arise from them at upwards of one hundred thousand pounds. The cutting capacity of the Mill now working at Tepuihikitia is upwards of 60,000 feet per week,

The timber to be cut consists largely of first-class Matai, and as this can he plaood in Gisborne cut, royalty paid, and portions of it dressed, at a a cost of less than Seven Shillings per hundred, lb ib obvious that the Trustees will in _a reasonable time be able to provide for the full repayment of the money borrowed on Defeatures. A Bonus of One Fully l'aid-up share of the “’O” Class will be attached to every Debenture when lully paid up, si that every ■ Debenture holder will beoome a shareholder in the Company as scon as the Company is converted into a publio Company, without inourrring any liability for calls or otherwise. Applications for Debentures must be made upon forms which can be obtained fram Mr Jackson, at the offioe of the Company,

Oco Pound will be payable upon application for Debentures, Two Pounds upon allotment, and Two Pounds six months after allotmeat. Or, if preferred, they may be paid in full. All cheques rnußt be made payable to the East Coast Timber and Trading Company, Limited. Applications will close on the 30th INSTANT. H. 0. JACKSON, Secretary.

. NOTICE, WE can supply yoa with thoroughly reliable MIOUNBRY; perfection oi style and 'quality. Now Produaliooe constantly arriving. COMMON, SHELTON &C 3., Limited, Universal Providers, Peal Street.

TO THE LADIES OF GISBORNE. | When Shopping, call at PARIS HOUSE, LIBRARY BUILDINGS, PEItL STREET And Impact the Large Stock of LADIES’ AND CHILDREN’S OUTFITTINGS MILLINERY in the Latent Styles for . the Coming Season. ORDERS TAKEN FOR PLAIN SEWING.

A CARD. Jam e s mckinley ARCHITECT, LOWE STREET, Opposite Public Library, Gisborne,