Page 4 Advertisements Column 2

Oamaru Mail, Volume I, Issue 362, 21 June 1877, Page 4

FKOSPSGTU3 these works, Messrs. Guthrie and Larnac have been compelled to run the machiner overtime. 011 an average or two nights pc week silica the opening of the now Fat torics. The whole of the expensive Factories an Stores (specially designed by David Iloss Ksq , architect, of this city) are substantial! built of brick and cement, on solid blueston and concrete foundations (all timbers bein of the best and mo-t durable descriptions covering an area, including t-h« timlie yards of several acres of valuable land ill the chit streets of the city. The whole of the splendid modern mi chinery was design d and planned by n eminent engineering linn in t ■ Jasgow, unde .Mr. Guthrie's imm diate supervision whi) in Britain, and after a vc y careful inspectio. of t'ne principal wnodwai e factories in Ame rica. Britain, and on the Continent. Eac machine his been firmly pi :ced 011 a solii bed of concrete, where necessary, to preven the possibility of vibration, and to avoi wear and tear. The contract for th« purchase of machiner was entered into when materials and labou in . v c itlaud were at their lowest. The important advantages to shareholder in a Joint Stock Company of enter ing int possession of a large manufacturing an i im porting business in lull operation 011 a hxei date, with a thoroughly trained stall 0 oiiicers and men and a large mercantile con nection without; having to wait for th-j nrec tion of buildings, importation of plant, stock etc., or being subjected to any of the ri k and delays incidental to the starting of a lies business, and with ail preliminary expense paid, should be at once apparent to investors The following special advantages ar worthy of notice : Ist. The whole of the machinery in tlx Factories is driven by one pair of powvrfu engines, worked by two men—an engmee and fireman —who-e wages muy f iirly be sah to constitute the whole expense in counectioi with the motive power, as The only fuel re quired to keep up steam is the sawdust ant shavings drawn from the different faetor:e. as soon as made, by means of pueumati< tube- 8 , and deposited in a large brick safe ready for consumption a ! ongside ill.; boilers By this means ail rubbidi is utilised am made a sour, e of profit, and the cost o: labour reduced to a minimum. •2nd. The four Factories being worked under one roof, a great saving is consequently effected, not only in the motive power, but .also in the management, as whole can be superintended and controlled by one manager. 3rd. '1 he 'Tub and Bucket Factory, now in full operation, ha., a monopoly of the supply of these indispensable articles, there being 110 other tub aud bucket factory in the .Australasian Colonies. A large l-eturn may therefore be looked for to the credit of this branch of the business. 4th. Th 3 whole of the Factories, especially the Furniture Factory, being worked ill conneetion with the general timber business, is carried on most profitably, not only from the fact of the first cost of the timber being procured at the cheapest possible rate, but also that- largo quantities of short cuttings of limber, which would otherwise either be sold as job lots at a low price, or sent to the furnace to be consumed as fuel, are utilised. The Union Sash and Door Company in Auckland is of a similar character to the New Zealand Wood ware Factories, only being much L.-ss extensive. It is, however, a fair criterion to base ea'cula ions upon, as to what may be expected from the New Zealand ""oodware Factories. The Company re.'c- .'i-d to has only been in active operation for a little over four years, a;ul has paid annual dividends of 2•) per cent., besides carrying large amounts to reserve fund ; so that, in additioii to the very handsome yearly dividends, ths oiiginal 1.5 shares of the Company arc now quoted at L 7 10;., and a new issue allotred to siia l ehohiers, on which L2 10s. has been paid up solely out of reserve fund, are quoted at 1.3 10s., making the present total market value of (he original shares LI 1, or a premium of 1:0 per cent. In connection with this, it is a fact that the profits shown to have been made in Messrs. Guthrie and Larnaeh's bus ncss for tne same period considerably exceed that made by the Union Company in proportion to tiie capital invested. ; so that the promoters hnvu good reasons for belie ing that cot only wi 1 large dividends be j>aid irgul.rlv ' t!i-i «'ompany, but that its stock wi!< at nee become a much-sought after and favorable investment M-. Guthrie has consented to be fully identified with the business for a number or year< as Managing Director. lur. Guthrie's practical skill and long ixperience in the le are well known ; the high position to which the firm has attained under his management indicates the measure of prosperity which may reasonably be expected in the future ; ;;nd as a proof of Mr. Guthrie's aud his partner's faith in the future prospects of the concern, they are witling to hold one-fiL'th eacn, or equal to two-fifths of the entire capital on their own p: ivate account, purchased in fully paid-up shares. And as a further proof ot their confidence in the future prospects of the Company, ihoy have decided to guarantee that the v ....- pany's net profits for the first three years shall not be less than ten per cent, per annum ou the actual capital fur the time being employed in the business, or equal to a sum of about L">",000 to be paid to the shareholders within three years. ! hey expect and believe that the profits will considerably escjed this rate, but invest >rs will by this means know the rate of their minimum profits. By way of further securing tiie observance of the guarantee, the firm have igreed to deposit with tin -Directors of the Company serin of the Company during the first year of the value of LaO «UO, during the second-year of L40,00(i, and during the third year of L 25 Ou'O. and to execute a legal jharge upon the same iu favor of the Company. intending shareholders may therefore rest assured that no more legit mate or icmunerat.ve outlet for capital, or one presentiur; better or more extensive future prospects, has ever been offered iu New Zealand. The reasons which li<~ve induced Messrs. Guthrie and Larnach to take this step are—--Ist. That their term of pa'inership expires by eiiluxi iii of time in the con. se of a ~ew months, when it is tne intention of one >f f he partners to retire from active business. j