Page 4 Advertisements Column 1

Oamaru Mail, Volume I, Issue 366, 26 June 1877, Page 4

PROSPECTUS PROSPECTUS OF UTHRIE AND LAENACH'S NEW ZEALAND TIMBER AND WOODWARE FACTORIES (LIMITED). Capital, £250,000, In 50,000 shares of £5 each ; Deposit, payable on application, 10s. per share ; allotment Call, 10s. per share. After which it is proposed to call up £2 per share, in snms of 10s. each Call, at intervals of roi less than th.ee months, thus extending lie total payments over a period of one year from date of allotment. 20,000 shares, fully paid up, are retained by Messrs. Guthrie and Larnach (4000 being allotted for the Goodwill of the Businessand preliminary expenses of floating the Company, and the remaining 16,000 shares being fully paid up by them in cash). The remaining 30,000 shares are offered to the public; 20,000 in New Zealand, and 10,000 reserved for the English and Australian markets, a number of which have already been bespoken from each of those places. PROVISIONAL DIRECTORS. Alexander Burt, Esq., of Messrs. A. and T. Burt, Dunedin James Robin, Esq., Carriage Manufacturer, Dunedin Robert Sparrow, Esq., Dunedin Iron Works, Dunedin Basil Sievwright, Esq., Solicitor, Dunedin. G. S. Brodrick, Shipping and Insurance Agent, Dunedin William Moody, Esq., Manager New Zealand. Meat-Preserving Company, Kakanui Robert Hawortb, Esq., of Messrs. R. and T. Haworth, Merchants, Dunedin A. S. Gibbs, Esq., of Messrs. Gibbs and Clayton, Merchants, Dunedin John Reid, Esq., Merchant, Auckland. Valuators and Auditors : A. W. Morris, Esq.; C. H. Street, Esq.; and Edmund Smith, Esq. Valuatops for Vessels : Captain Thomson, Harbor-Master Andrew M'Kinnon. Esq., Shipbuilder, Mayor oc Port Chalmers Keith Ramsay, Esq., Shipowner. Solicitors : Messrs. Sievwvight and Stcut. B»xkers : The Bank of New Zealand and Branches. Brokers: Messrs. Concell and Moodie, Princes-street, Dunedin J. B. Bvadshaw, Esq., Princes-street, Dunedin. This Company vs projected for the purpose of purchasing and thereafter carrying on Messrs. Guthrie and Lamach's well-known Woodware Factories and their extensive Importing Timber and Iron Busoccs. An agreeTrc-.v has been entered into with Messrs. Guthr'e and Lan?ach to seU to the Company thei: re v Factories, together with all their othe.- bn"' * : vjs, with t'?e entire machinery, pier: tr a: dct :ck of every description at the actual ret .-t; the whole of the freehold and lea.elioM ? r.ds he'd by the firm at present market va T ne ;or d their useful fleet of Coasting Vessels, al.o at present actual ralue, the new Compauy taking over all or - rent agreements and uncompleted orde. * or contracts. (For the pn-pose of these and al I other valuations, the gentlemen respectively named herea'ter have been appointed by mutual rgr-jr-meit between Gulli'ie and Larrr.c i and the Provis : or. 1 Directors.) It ha 3a 1 o bsen c Airbed that he new Company sb:Jl tike over the en'-'} e debt's due to the flr.n sec- : ?d. i»ad unsecured at par, but shall be entitled to receive on a 1! m-.ecm-ed debts riteiert at - e r«.'ie o! S p:v cent, per annum from the d.y wheu brock r; taken up to the date o" acla-l aid in addition a eoumLirp i for * ••oUscting o" two aud a hsliper cent., iJoSsrs. Guth-.ie a "d Lam. ch guarantesinj the entire amount of the u isecured debts to the Ccnpa >y. Tre p.udence of iV' a :•_..» jement at once be a~>pai y t when :"-■." ie-^ieLjbe. ■cl tb.- t the Compa ry t,hus keeps in i':- 0.. m-.nd& the entire connect-on of the eJ-:'-"j ..u*,n, and thrs prevents iLs fiom V : ig subjectrd to a poc'o'e outside e ; rcceiviu"', moreover, a commission for Lie collect;oi of debts. v.a r ch its o»-i uatF of officers will be able to o>-er*ake i i i\»e usual courre of business, without co: 'j to 'ihe ConiBy a-rreement between the Provisional Drxclois and Messrs. Grfu-re ard La:--naeh, it ha s - been ant'jpd that the valuation oil the . eehold ard tea. cbcld Jrid.s s'la ll . "be made by Messrs. A. si. Zlorris, C. H. Sfc-.eet, and Edmund Smith, accountants; the valuation of vessels by Captain Thomson (Oiago Harbour Maste:), Kc'.th Ftamsay, Esq. (shipowner), and Andrew M'Kirnou, Esq. (shipowner, Port Chalmers); and that the net cost of buildings, plant, machinery, and stock shall be ascercained from the books and vouchers of the retiring fiim by a Committee of the Piovis'ooal Directors, rsststed by competent accountants aid experts. Four the asand cf the Company's shares, fully pa : d up, have b?en agreed to be allotted to Meosr3. Cothve snd Lavr eb, os consideration ic the Goodn."' 1 . of the'r very remunerali»*e ':as'nes«, they urdeitaking thea--selves to ** 7 r 1 ! p e' : n"'nary expenses—including 1 iveiiisi'g, e«.<.., etc. —in conneclron with the Hovf "ng of the Company. Stock will be tr.ken r~ 01 the day the Company eaters into po;s?srion, and tLe debts dee to the firm will be taken over as from the s:ame date. The Umber business is most extensive, anl may fairly be said to be the largest i=i t'e Australa°:-"-i Colemec. In connection of the business, there are seve.-a 1 Bush M : ?Ts, aid a large flnet cf co_:?i,'-?g verse's, emp'oyd regularly in Cd.i?3 r iDg supplies :'o; the :• ;rai ements of the Facto.l; a<* v/e" a 1 m-"-kets. The I 1 o-*, f nd Hardware Eus""o;of t'le mm is ?' ov> y extersive. 'Jie e seve _ a! valr. b T e a-d ? o-cant pa*, cof the :-nn's trrce a c. i e p o'noters feel confident that they> an be t? f ely and profitably exterded. la the New Zealand Woodware Factories there a -e fou-" distinct departments, viz : Ist. Sewing, Planing, aud Moulding Factory. 2nd. Door i"-d Sash Factory. 3rd. Tub a k! '.: ucke., Factory. 4th. Fu.nr.tr e ? d Turnery Factory. The trade of - 2 . of these is capable of great ard p_o Itab'e extension, and as an evi- ~! of the great ouJlei for the products c.