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PROSPECTUS ZEAL AS l> HARDWARE C«MI LIOO.COO, In 20,000 Share* of L 5 eacb, Of which it w propped to c*H up L 3 per Share, as follows ; Five Shillinga on application, frive. Shillings on allotment, and Balance in Call* of Five Shilling* per-Share at intervals of not Icaa than three months. DIRECTOR 3: George M*L> au, K*q.. M.H.R. E. Oliver, Esq., M.rl.R. . J. T. Wright, E'q. (Messrs.- Wright, Stephenson, and C«>.}John Roberta, Eaq. (Messrs. Murray, Roberta, and Co.) T. S. Graham, Esq. (Messrs. Bmg, Harris, and Co.) Robert Wilson, Esq. (Messrs. R. Wilson and Co.} . James Marshall, Esq. (Messrs. Marshall and Copeland). Bankers: The Colonial Bank of New Zealand. Solicitors : Messrs. Haggitt Brot iors and Brent. Manager and : Mr. John 0. Eva. mi.:- /-»_ .... larva hn»n formed for the purpose of acquiring, currying on, and extending the business of Me.-srs. '• liver and IntHraßßm^WS ahont sixteen years, with highly satista-jtory results. At the instance of the Directors, the Books and periodical Balance-sheet 3 of the Firm have i.een inspected and reported npon by a competent Accountant, who ha.verified their correctness. The Directors find that for many ye.irs pas', the net 'rents. exe usive of profits upon futures f- :Jliii to the business, have yiei.uu con-idera' ly over an average return of a) per cent, per annum npon the capital invested. Mr. Oliver, the surviving partner of the Firm, being desirous of retiring from busifitable an invesrmentof capital, has arrange.! with the Promoters to dispose of the business on terms must favorable to the Company, and to subscribe for shares to the extent of nearly the amount of the purchase money. The Stock-in-trade has been taken at cost price (verified), but no charge has been made for the good-will of the business. The leasehold in Manse-street ha* been taken over at a valuation made by Messrs. Gillies and Street and Messrs. M'Landres3, Hepburn, and Co. The business is now in full operation, and, in the opinion of the Promoters, after careful inquiry, can, by the additional capita' introduced int'> it, be extended so 03 to yield a larger return than is represented by the handsome profits made by Messrs. Oliver and Ulpb. 'I he Directors have secured the services of Mr. J. O. Eva. who has managed thr business for some years with the highty satisfactory results indicated, and who has been appointed Manager for the Company. It is so well known that the importation and sale of hardware is one of the most profitable of Colonial enterprises, that the Promoters deem it unnecessary to do more than simply recommend this undertaking to investors, which thty do in good faith, and in the beliftf that the operations of the Company wnl yield a handsome return for the capital invests). A large number of shares has already been subscribed for. and the Directors invite early applications for the i-i:naiuder. Applications for shires will be received at the Offices of the Company in Mansestreet, until Monday, the 2ml of September next, on which day the Share List will close. 4'J4 PROSP't TUS OF THE kTAGO ShAIK COMPANY f (LIMI'IED). Capital ... £IOO,OOO (In 50,0U0 Shares of £2 each). Calls—Two Shillings and Sixpence prr Share on application ; and Two {-hillings and Sixpence per Share on allotment. It is anticipated that no fnrther Calls will lie made upon the Shareholders until such time as it may he found necessary to construct a Branch Kaitway to connect the works with the Main Line of Railway at Maheno or Otepopo. The present Proprietors of the Slate Quarry agree to dispose of their interest to the Company for the sum of £15,000, of which amount, according to the certificate of W. H. Blair, C.l'J.. £7'>o ► has been already expended in permanent works. For this sum of £ls/ 0 V the pnrent Proprietors of the Quarry will take pnymeni in fully paid-up shares, and urul1■ rt.U e not to dispose of any portion of thuir interests for a period of two years.

PKOVISTOVAt, riF.Kt-roM : Hon. Robert Campbell, M.1..C. Henry Driver, K.»q., M.H.R. "■. U. Russell, Esq. (National Mortgi and Agency Company). George Whittinghaw, Esq. (Whittinghaw Bros.), Melbourne. Walter Guthrie, Esq. (Guthrie Laroach). John Davie, Esq. (M'Landress, Hepburn, and Co.). John Mitchell, Esq. (Fergusson and Mitchell). Dr. Hocken. James Hazlett, Eaq., J. P. (Mackerras am Hazlett). T. S. Grabame, Esq. (Bing, Harris, am Co.). James Mills, Esq. (Union Steam shipping Co.). B. Sievwright, Esq. (Sievwright and Stoat). W*. C. Roberts, Esq., J.P. (Manager Bank of New Zealauil). James Marshall, Eeo. (Marshall and Copeland). Keith Ramsay. Esq., J.P. James M'Kay, isq. (Prondfoot and M'Kay)With power to add to their Number. Backers: Bank of New Zealand. Solicitous : Messrs. Sievwright and Stout. Broker : J. B. Bradshaw, E-q. Secretary pro tew : Jamei T. Mackerras. Applications for Shares will be received by the Broker for the Company, J. B. Brad■haw, Esq., Dunedin. Also, By the Manager* of all the various Braiichna of the Bank of N*w Zoaltnd throughout the Colony, from whom copie3 of the Prospectus and forms, of Application caa be obtained. Share list will be dosed on the Ist of September. 326

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/OAM18780822.2.13.1

Bibliographic details

Oamaru Mail, Volume III, Issue 739, 22 August 1878, Page 4

Word Count
846

Page 4 Advertisements Column 1 Oamaru Mail, Volume III, Issue 739, 22 August 1878, Page 4

Page 4 Advertisements Column 1 Oamaru Mail, Volume III, Issue 739, 22 August 1878, Page 4

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