Page 2 Advertisements Column 3

New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 890, 11 February 1854, Page 2

PROSPECTUS

" OP THE Wellington Steam Flour Mill Company. ' Capital £8,000.

In 1,600 Shares of £5 each, wfth power to increase the Capital to £10,000, by the issue of additional shares, if deemed" expedient by the Shareholders. tfvabteiahnl Committee far orffamnns

Charles Qufford, Esq., J.P., M.C. Georgb Huotbk, Esq., J»P. W. B. Rhodes, \Esq., J.P., M.C. W. W. Taylor, George Moorb. Esq., J.P., M.P.C. Jacob Joseph, , Esq. „ William Lyon, Esq., M.P.C. William Hicksqn/ Esq., JJ*. James Tame,, Esq. John Plimmer, Esq. James Smith, Esq. 1^ aSanicrtf. THnwioN-BANK of Australia.. ;j^Rvafxiiiaml &tcvttnv\j. '^9f S. Esq. ftalttttor. ' -". RiiHAKt, Esq.

'THIS COMP^.I^ is formed for 'the! -*- purpose of erecting a powerful *Ste v a>M| Flouk Mjm. in the City of "Wellington, by the aid of -whidi the following and many , other highly desirable objects would.be attained : — The<com'munity, through its agency, will to a great extent, be prbtected against undue monopoly, in one of Jhe most essential of its daily wants, as the mean's "of grinding Wheat into Flour will be placed 1 within the reach of all

classes. The disappointment, delay, and loss to which growers and holders of Wheat are so frequently subjected, Rowing -mainly to the inadequate mill power at present: r in operation in this settlement will 'be entirely The producers of wheat will . have a much more stead y-and remunerative matket to depend on, as it is notprious that the difficulty so often experienced of getting Wheat ground is frequently -the sole reason why a Jow price is offered, which in many cases the seller has no alternative but to accept. It is generally admitted that the<erection of 'a powerful Steam Flour MHI, such as contemplated by the Company, would give an -immense stimulus to parties engaged in agricultural pursuits, and be the means of inducing both the European and Native population to >mske increased exertions therein, so that in all probability this Province in a few years be in a position to-carry on an extensive export trade, provided the necessary facilities are afforded for producing Flour that can be warranted to keep, and bear comparison in- quality with what is made elsewhere;

This Company propose to procure from^London two ten horse pow.er engines, capable of j driving four pair pf stones,, and grinding upwards of twenty .bushels of . Wheat per hour (equal to ten tons of Floar per dajty; also in connexion ? with the foregoing, a Biscuit Baking Machine, that will pyo^ce one tau, pf JSiseults' per day. And it has been calculated that if the, Mill is'only* kept going' equal to an -averfige of six hours per day^ it would more than pay all. expenses, including interest on the capital paid! up at the customary rate. ~ To carry out the objects of this Company, namely, the purchase of the -Mill and Biscuit Baking Machine, the cost of a suitable site to erect it on, the-expense of putting up the , Mill and necessary buildings, including a wharf adapted for coasting vessels, it has been- estimated that the sum of : £G,GGO would be required, which it is'intended to raise in the following manner. — say by the issue of 1,600 shares, value £5 each, half the amount -of each -share to J be deposited with the application, the 'balance to be called *for from time to time when site to carry on the Ctompaoy's ©perations, but no call to be made for three months after 'the allotment ef the sharesj or without giving at

least two months' notice. The management df the Company to be vested in a Board of Directors not exceeding five in number, who are to be selected from holders of not less than twenty shares. The '©irectors to prepare and lay before the Shareholders halfvearly accounts properly audited, and to call a general meeting of the Proprietors at any time when called upon by requisition signed by one-

third of the Shareholder^. The Directors and other officers of the Company to be elected by the Shareholders at the ■first general meeting, Jo, be called as soon as the share list is filled up, and the deposits lodged in the Banker's hands,,- Hojders of fcom one to five shares to be entitled to one vote, holders of more than 'five sharps to be allowed one vote

•for every five shares. . In the establish men^of the Company every possible means will be .taken* to limit the .liability of the Sh«rebol4efs.tojthe actual amount of their respective , shares, fr'jther- by obtaining a Charter of incorporation- -from the "Legislature or otherwise, as shall- be deeeied most advantageous for the inter&st of the Company. Application for Shares, to be made in the following form on or^ibefore the tenth day of March next, addressed 'to Mr. Braithwaite, Provisional Secretary, at his office, Plimmer's Wharf.

Wellington,

SIX, Be please d to allot me Shares in the Wellington Steam Flour Mill Company, in respect of which I enclose you Banker's deposit receipt for the sum of £ ; arid Iherebv agree to accept the same, shares, or* any less number which may be allotted to me, and to execute, when required to do so, any deed or deeds of settlement, or other deeds or documents which may be necessary for constituting the Company. Ai tr Yours, &c, &c, &c, Name Address in full To Mr. Braitbtwaite, , Provisional Secretary, W. S. F. M. Co.

Deposits will be received by, or may be paid into the Union Bank of Australia, in the name of the Sub Committee. C. Clifford, G. Mooue; G. Hunter, J. Tame. It is scarcely necessary to point out to the