Page 2 Advertisements Column 3

Nelson Evening Mail, Volume VIII, Issue 257, 25 October 1873, Page 2

Mi 90-|-HE ffl U \XI i M/rOSGLED:iv'C^LLS Scipi '■ liLL • cO_#_^%i-_&#( li_J CAPITAL .p ... ... £60,000. With Power to Inorease, In 12,000 Shares of £5 each, of which it ia. pro- '■"'\ posed to/f-all uiygs ire sums of lOsrextending fj? over onef^|ar. Iff j_\ , j K 1 Deposition application, 10s per Sharer" '" Allotment Call, 10s. 4000 Shares, £3 paid-up, retained by the Pro- ! --"-prietora, 8000^ShXr-_ar~d-offereditolheJPublic.:: '/'/■■ '\ f p {~f'P v k i W ia l Directors: The Hon Rorert Campbell, Esq, M.L.A. John CargilLj Esq, (Messrs Cargill and M'Lean) : T? :: B. :: Gar-x-l^ George Cooke, Esq, Solicitors ; John Davie, Esq, M.P.C., (Messrs M-Landrjess, Hepburn, and Co) ; I G.' W. Elliott, Esq, N.Z. Insurance Company, „ The Hon Matthew Holmes, M.L.A. '. ' ~ Edward Hulme, Esq, M.D. , James KiiGotjß,«Esq, Roslyn j R. B Martin, Esq, (Messrs R. B. Martin jand Co) : (:a William Mason, Esq, J.P., (Messrs Mason and Wales) J l Mi Andrew Mercer, Esq, J.P., Mayor of Dunedin W. D. Merison, Esq, J.P. | * Evan Prosser, Esq, (Messrs Kempthorne, Pros? y Sjer, and Co) p^-P" '• Jdgro Re||>!\ Esq, £if derslie, Comflissioner of :. SWaste{_--4ds Bterdl If § ' G.TB-. RMBT.-Esq, SfsSs_tt-streef !^*-* £i - ',' John Roberts, Esq, M.P.C. (Messrs Murray, Roberts, and Co) Solicitors : ' 1 " Messrs Macassey, Holmes, and Chapman V>' I Bankers: j The Bank of New Zealand and Branches Brokers : J Messrs Gillies and Street, Princess-street, •', j Dunedin I , "f >f>-5 j ?.,-. ■ 1 --'*_-u_ Company is projected for the purpose of purchasing the well-known -Mosgiel Woollen Factory, and for supplying the additional capital necessary to overtake the growing requirements of this the most successful industrial undertaking ever started in this Colony. j The sole reason "which has induced Messrs Burns and Co to take this step is that' they' find the limited capital at their command presents them taking full advantage of the extensive market which the growing demand for their mauufactu_esiha_'u_ptpeciadly opened up since they s&irtedL X Y fl. JL j.'' An agreement has been entered into (with Messrs Burns and Co to sell to the Company as follows: — j 1. Their Machinery and Plant at their actual cost, as certified by C. H. Street, Esq., their Accountant, after a careful examination of the Firm's Books and Vouchers, adding theretjo 30 per cent for the rise in the trade price of all such machinery since its purchase. Messrs Briscoe and Co, and Mr James Mannings Machinery Importers, in Dunedin, have certified that an addition of at least 40 per cent would have been justified -, and it is submitted that, in the absence of parties competent, or at least well enough known, to make a direct valuation of any weight with the general public, this is the | fairest mode of arriving at values. 2.j The I Buildings and Lands ai the value as certified to by Messrs Mason and Wales, Architects, 1 and Messrs Gillies and Street, Land Agents ; and j 3. A Bonus of £2500 for the good-will o£ thie :h%hly^ i-mu'&rativer^rffl" frsßsasxpfr business; |. ; S*Bpujit^gfa.^llto£^oo.^r|_ f ] ) : Of this amount Messrs Burns and Co* wish to I retain £12,000 in the Capital of the Company io 4000 shares, £3 paid-up, and, as an evidence, -o. i their faith in the future prospects of the concern. they will thus be liable for the remaining £2 per share of calls on these shares, the same as other shareholders, so that all shares will be on exactly the same footing. Stock will be taken on tbe day the Company en|erainto possession, and the wool and other ra*# m_4ej_^fs] and also the manufactured goods, as well as the book debts, wili be taken overeat their fair value. j Messrs Burns and Co will also grantj ' tn'e privilege, free of charge, of constructing, and using a tramway through other lands belonging to them, from the Mosgiel Works to the Southern Trunk Railway, should such be requiredj but negotiations are now in progress whereby this may not be needed. When the works arej connected with the railway, the working expenses, especially in the matter of cost of coal, will be largely reduced. ' -i All preliminary expenses of starting i__i_ Company, up to Us registration, will be paid**by -M«__ireß^ as shown in the subjo-_ed7acco_nt,~"will be available "jgra. the da*Br*fthe new Company is constittj|te|. S— lf The enormous advafitages of the Joint Stock Company of entering into ' possession of a 'large r^ji^C-£-fijOT a aefimfe-*dateP\vM_U-^ expenses,, or • wai^i^ior^ectuii^of buildings, importatWof -' platffj'O- 'aU-thV risks and delays incidental to -the starting of a new concern, will be at once ir Prp:fii;s 3 will accrue from theJYjeyy *_ay the'expen_e_ o_ <the Go__pa_vylbegin, and it be said that seldom, anywhere, has .such, a. property been^oqu^d on terms sq ■JWjMi^te^™ *-•"_. u.iic/i<lj.vl ! __„ 'id is -obvious thafUt^miglif injure L .,il«futnmpwffles-§^^ unfair to Messrs TJurhs aM"-CT^to~reveaFpuD«c.y the proflts hitherto 'made, oruthe details of costs and values; but bona fide investors 'dan obtain ample information on tKeseippintSi from Messrs Gijto and Street,' who, ; altera thorough and searching investigatioi£;off tlie whole? matt_3r,--pledge jthein.: -.selves tor the. accuracy of the" statements matte. Inquiry and investigation by intending shareholders "are;"d^irM" ;an'd~7Courted^;as-- Messrs Gillies *ahd "Street are 4atJ-fied '-he -more itis looked into the more' shareholders will bej_atjis-; X^d?tl-_t fai-fly) dealt withj, %fid | that no more. legitimate or. remunerative outlet for "capital; or one' p-5~-htmg-belter or more] es- |. tenslye i-futrure p_g|pie^t3,-has ever- beenr oaf cfein Dunedin. ,_„_, ,' rj ' " "'" ' l \ .. yhe can state that they have Examine _.' -'mto-iSe r deta_ls( not here submitted to the jpublic,. that" they are perfectly satisfied that the p'-iceask_d--_facfait one, that the Reason assigned for parting-with -the. property. is a true i one, thftt ;.the,-;Cons_-**n; I Ji^, Hpy^d -.r-amuneratiVe p-in-the&ani&o&jj^^ that V _here:is.-no; dogbfcfii^ •: future;, it J-r-Uipro^pi-^^nabi jr;_emi(^erative in its extended fprms " is^. fannm. i iki "- It -^y,be l m^ntiqne4 ; ,|_ia^ for.th^^p.sgiel.^ob'ds^has arisen without, the - employment .jot or any of the' usual adjuncts for, pushing" sucH ! tirade; Until 1 lately one set of machines J ohly ! ba# at Iwork. Now there are' two, and a thirdr is on its way 'from England,-?; .». "? •■' ?-, " ytj -■-, ;-, -*. ■ ,Bs*f ■ The success of- the undertaking hitherto has :.:been.'larg«ly,pwing.^> r j|iei ability. t*,nd energy of the work_ag-flanagf^^Smail'e, c wKose services tor -a term of ~yes_»_ .have*: been_ secured tb -th'e Company, .-and wjio .will retain a monetary interest in the cbhcerb. Mr A. J. Burns also C 5% •!? i-?-sired,- still,, continue f in. the..business mahagemeht of the'CbmpaSiy; " *'" {!^0 ', ■svz^H 9 P ro P,?se-J that pre-payment of cafisj tipito £3 fer'shaf^'benreceiv-df-by^tttts' Permanent Directoxß from (parties investing a .definit^jsumat qnce./for whicb. interest at the rate of s~ per" cejSt^pel ' :i an'nu__ a *will ! -be allowed over and.above_'aigy'dividend accruing. 1 i ; jTb# Sh_xefListr.wi%plos^ pp. Saturday* l^qji 1, 1873. . * L# | i ..,-;i,r, : "',*'M'fi-- ,' wwjiX fl. i?, y" [ %o-mso t _ ; Appn^tibn r canWifece^ at the •-WiJs iMK)(rß^%2£ EVANS, | T*fif S6---» Bridge-street, Uelgoa*