Page 4 Advertisements Column 1

Oamaru Mail, Volume II, Issue 381, 13 July 1877, Page 4

PROSPECTUS PROSPECTUS NEW ZEALAND TIMBER AND WOODWARE FACTORIES (LIMITED). Capital, £230,(:0f>, In 50,000 shares of .£5 each ; Deposit, parable on application, 10s. per share; allotment Call, 10s. per share. After which it is propped to eal; up £2 per share, in sums of 10s. each Call, at intervals of not less than three months, thus extending the total payments over a period of one year from date of alh-tment. 20.000 shares, fully paid up, are retained l>y Messrs. Cuthrie and I.r.rn.ich (4000 being allotted for the Goodwill of the Business and preliminary expenses of floating the Company, and the remaining lo',U()0 shares being fully paid up I>V 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 maikets, a number of which have already been bespoken from each of those places.

PnovisioKAL Pinrc'Tor.s. Alexander Hurt. Esq., of Messrs. A. and T. Burt. Dunedin James Eohin, Esq., Carriage Manufacturer, Dunedin Robert Sparrow, Esq., Dunedin Iron Works, Dunedin Basil Sievwright, Esq., Solicitor. Dunedin. G. S. Brod'ick, Shipping and Insurance Agent, Dunedin William Moody, Esq., V.p linger New Zealand Meat-l're=e:ving Company, Kakanui Robert Hr. worth, Esq., of Messrs. 11. and T. Eiaworth, -Mi rehants, Dunedin A. S. (iihlis, Esq , of Mess is. Gibbs and Clayton, Merchants. Puuedin Johnlteid, Esq , Merchant, Auckland. Vaij'athi:s and Ari.'iToi:s : A. W. Munis. Esq : (.'. IE >treet, Esq.; and Edmund Smith. I- sq. Yaliwtuks roi: Vksskls : Captain Tlnum-on. E'ail .or-Master Andrew M'Kinimn. Esq., Shipbuilder, Mayor of I'ott Chalmers Keith Eamsay, E>q . Shipowner.

Soi.nrroi.-s : Messrs. Sievwi vj}it and Stout. Bankki.s : The Bank of jNew /.'aland and Brandies. Messrs. Conncll ami. j.ioodie, Fiiticcs-street, 1) lined in J. B. I'>rad=haw, E>(i., riinees-street, Diuiedin. This Company is pr.-jceted fur the purpose of purchasing and there, fter carrying on Messrs. (Jnthiie and i arnach's wcil-known "Woodware Factories an.l their extensive importing Timber and Iron Business. An agreement has been entered into with Messrs. t.uthrieand Irrnach t<> sell to the Company their nev.- Factories, together ■with all theirother buddings with the entire machinery, plant, and stock of every description -i.t the actual net cost : the whole of the t'reelold and leasehold lands held by the tirni at present market value : and their u-e!ul ik-ec of Coa3ting Vessels, also at present actual value, the new Company taking over ail current agreements and uncompleted orders or contracts. (For the purpose of these and ail other valuations, the gentlemen respectively named hereafter have been appointed by mutual agicement he two. n Messrs. (iuthrie nil l.arnach and Lhe i'rovisional Firectors.) A has also been arranged that the new Company shall take over the entire debts dm; to the firm secured and Hn.-ecu.red at par, hut iha'l be entitled to leeeive mi all unsecured 'h-bts interest at t! era".- of S per cent. per num from the d..y w.ieu stoeX is taken up to the date >A actual | ayment, and in addition a commission for collecting oi two and a hakper cent., Messrs. Cuthrie and Lamaeh guaranteeing the entire amount of the unsecured debts to the Compa:iv. n Messrs. (iuthrie .'isional Firectors.) that the new Coni(utiru debts due to ecured at par, 'out •e mi all unsecured of 8 per cent, per

The prudence of This arrangement will at once be apparent when it is remembered that the Company thus keeps m its own hands the entire connection of the retiring tirm, and thus prevents its customers from beiny subjected to a possible outside pres.-ure, receiving, moreover, a commission for the collection of debts, which its •■wn statr' of ot'icers •will be able to overtake in the u-md course of Ltisi!ie.-;s, without cost to the Company. By agreement between the Provisional Directors and Messrs. Guthrie ami Lrirnach, it has been arranged that the valuation oi the freehold and"leasehold lauds shall be made l>y Messrs. A. W. Morris, C. li. street. and Edmund Smith, accountants ; the valuation of vessels by Captain i homson (Otago Harbour .Master). Keith .Uanii-ay, Ks<p (shipowner), and Andrew M'Kiunon, Kso. (shipowner, Port Chalmers): and that the m t co=t of buddings plant, machinery, and stock shall be a-eel Lained from tile books and vouchers of the retiring tirm by a Committee of the I'rovisiou.d i iiLctors, assisted by competent accountants and experts. Four thousand of the Company's shares, fully paid up, have been agreed to be allotted to .Messrs. Guthrie and i.arnach, as consideration for the Goodwill of their very remunerative business, they undertaking themselves to pay all preliminary expenses—including brokerage, advertising, etc., etc. — in connection with the floating of the Company. Stock will be t;.ken as on the day the Com pauy enters into J ossession, aiid the debts due to the tirm will be taken over as from the same date.

The tunl.er business is most extensive, and may fairly be -••aid to be the largest in the Australasian Codeines. In connection with this branch of the business, tlie;e are several ~Sush Mills, and a large hYofc of coasting vessels, employed regularly in carrying supplies tor the requirements of the lactones as well as op-en market-. The Import, iron, and Ifardv.-arc Business of the firm is also very exu nsive. These several brauehes at. pie--, nt loprcaeiit a must valuable and important part of the liim's trade, ami the pr. feci confident that thev can be saf-.-iy ami profitably extended. In the Xew Zealaml Woodvare Factories t icu .iiv lour lUctiiiiTt departments. v;z : Is-. >u"vving, i'lanmg, and .Moulding Factorv.

tl. Duov . nd Sash Factory. orU. iub ami iiuukoc iaotory. 4th. ru: iiitm-o ami 'L'v.v.-.vry i-'actory. L'he tmlu of each uf these is e.u.ai.ie of it:d pi'otit tbio extension, arul as au evideaca of the iireat outlet for the products of