Page 3 Advertisements Column 2

Gisborne Times, Volume XIX, Issue 1637, 30 December 1905, Page 3

THE EAST COAST TIMBER AND TRADING COMPANY, LTD, Dlß ?V°Ttuoker, Chairman Cook County j TomTy?'Mnjo'r of Gisborne. \V Piovwright, solicitor, Qbborno. piomber, Gisborne. \V Good, jowoUev* Gisborno. A.’w. Boos, EoUpltot, Gisborne. MANAGES and Sooretwy: H. 0. Jackson. Bra es.u. t b™. BANKERS: „ , • Bank cf New Zealand.

r vPITAL • One Hsfa«d Thousand C l oundsjn 100,000 shares of one pound each. mHESHARES are divided into Thr JL Classes Olass A..— Thirty thousand Shares Fivo por coat, ovor Class B, and Ten per cent, over Class 0. Claßa 8.-Twonty thousand Shores, itog » s™ I ™”'*" Bma “ d ovor Class 0. Olass o.— Fifty thousand Shares, bbearioe Dividend whon Class A oeivos more than Ten per cent, per annum, and Class B receives more than Five per cent.

The above Company invites ! ® e Two Thousand Debentures of *IvU POUNDS BACH boaring mtn-est at SEVEN per cent. por..annum, with a currency of THREE VEARS. The Debentures will be secured upon the following properties A TIMBER LEASES made between the Tailawhiti District Maori Land Council of the one pait and the East Coast Timbot and Trading Company, Limited, of the other part, P ove 3 r the following Blocks: 1. The Kumulcumu Block. 2. The Haumatuku No. 2B Blook 3. The Haumatuku No. 2A Block 4. The Haumatuku No. 8A Blook 5. The Haumatuku No. 9B Block 6. The Haumatuku No. 9B Block 7. The Tapuihikitia 0 Block 8. The Raogatira No. 3AI Block

The Sawmill ant! Appliances at Tapuhikiiia recently purchased by the Company from Mr F. Hall, together with the right to the Tramway and the Properly m the Budge recently built by the Company to oonneoUhe Mill with the senes of bushes up the Wuipaca Btver.

c, Fifteen thousand fully pa d up pre* ferential Shares, The objec'.s for wbioh the money is being raised by the Company are as follow: - fal The sum of for payment of debts and liabilities of the Company at present existing. (b) The payment to Mr F. Hall of the sum of ,65000, being the balance of purchase money for his plant, mill with its appurtenances, and timber cutting oontract. (o) The sum of £ISOO for the conBtruction of the nooessary tramways to eonnect both the Wa.paoa and Waihora Bushes With the Karaka Railway Station,

All tho properties and shares above mentioned have been conveyed and assianed in Tru3t for the Debenture holders to the Chairman of the Cook County Council, Captain Tucker, and the Mayor of Gisborne, Mr John lownley,

Fifty pot cent, of the annual profits arising therefrom will be refca, “ B J. ®“ d (u „ a vestsd by the Trustees as a sinking fm. to pay off the Debentures at their due date.

The report made by Mr Mace upon the value of the timb r rights and proportus of the Company estimates the net amount of profits to arise from them at u P of one hundred thousand pounds. The cutting capacity of the M 1 now -working at Tapuihikitia is upwards of 60.0UU teet per week.

The timber to be cut consist* largely of first-class Matai, and as this can he placed in Gisborne out, royalty paid, and portions of it dressed, at a a cost of le than Seven Shillings per hundred, itu obvious that the Trustees will m a sonable time be able to provide for the full repayment of the money b^° W p u lW Debentures. A Bonus of One Fully Paid-up share of the 0 ” Class will bo attached to every Debenture when lul y paid up, bo that every. Debenture holder will become a shareholder in the Com pany as soon as the Company is converted into a public Company, without incurrriDg eny liability for calls or otherwise. Applications for Debentures must be made upon forms which can be obtained fram Mr Jackson, at the. office ol the Company.

Oce Pound will bo payabb upon application for Debentures, Two Pounds upon allotment, and Two Pounds fix months after allotmest. Or, if preferred, they may be paid in full. All cheques must be made payable to the East Coast Tim' ber and Trading Company, Limited.

Applications will close on the 30th INSTANT.

H. 0. JACKSON, Secretary. NOTICE, r E can supply you with thoroughly reliable MILLINERY; perfection of style and quality. New Productions constantly arriving. COMMON, SHELTON & CO., Limited, TJnivereal Providers, Peel Street.

10 THE LADIES OF GISBORNE. When Shopping, call at j PARIS HOUSE, LIBRARY buildings, PEKL STREET And Inspect the Large Stock of LADIES’ AND CHILDREN’S OUTFITTINCS MILLINERY in the Latest Styleß for the Coining Season. ORDERS TAKEN FOR PLiIN SEWING.

A CABDo IMES MoKINIjEY ARCHITECT, LOWE STREET, .j Opposite Publio Library, Gisborne. y j/_