Page 3 Advertisements Column 4

Oamaru Mail, Volume III, Issue 743, 27 August 1878, Page 3

PROSPECTUS PROSPECTUS of an K "TEW ZEAL ANO HARDWARE .J COMPANY (I.TMITEI;;. Capital LiOO.i.'O;'', • In 20,001) Shares of L 5 each. Of which it is proposed to call u;,> L 3 per Share, as follows : Five Shillings on rnvjiiic- li<> i. F.V.: .-ImIU-.'--::-. oh ali-.-t.iiL jut, ami iiala;i■-.-in Calls of Five per Share at intervals of not lead than tiiree months. Directors : George M'L< an, Esq., M.H.R. ]R. Oliver, Esq., M. i.-i. K. J. T. Wright, E q. (Messrs. Wright, Stephenson, and Co.) John Roberts, Esq. (Messrs. Murray, Roberts, and Co.) T. S. Graham, Esq. (Messrs. Bing, 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 Brothers and Brent. Manager and Secuytauy : Mr. John O. lira. This Company has been formed for the purpose of acquiring, carrying on, and extending the business of Messrs. ' liver and Ulph, of Dunedin, Hardware Merchants, which lias been for a period oi about sixteen y-:xv-. with highly satisfactory re&ul n. - 4 • oe instance "I the Directors. the Book:: i: A periodical Balance-sheets of r.he Firm have been inspected and reported upon by a competent Accountant, who ha* verified their correctness. The Directors find that for many years past, the net profits, exclusive of profits upon ventures foreign to the business, have yielded considerably over an average return of 20 per cent, per annum upon the capital invested. Mr. Oliver, the surviving partner of the Firm, being desirous of retiring from business, and yet unwilling to relinquish so profitable an investment of capital, has arranged with the Promoters to dispose of the business on terms most 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 been taken over at a valuation made by Messrs. Gillies and Street and Messrs. M'Landress, Hepburn, and Co. The business is now in full operation, and, in the opinion of the Promoters, alter careful inquiry, can, by the additional capital introduced int-- it, be extend.-d so as to yie'd a larger return than is represented by the handsome profits made by jjesfrs. Oliver and Ulph. 'j he Directors have secured the servicer of Mr. J. O. Eva, who has managed the business for some years with the highly 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 unde taking to investors, which they d<> in good faith, and in the belief that the operations of the Company will yield a handsome return for the capital invested. A large number of shares has already been subscribed for and the Directors invite early applications for the remainder. Applications for shares will be received at the Offices of the Company in Mansestreet, until -Monday, the 2nd of September next, on which day the Share List will close. 494 PROSPECTUS or THE OTAGO SLATE COMPANY (LIMI'i ED). Capital £IOO,OOO (In 50,000 Shares of £2 each). Calls—Two Shillings and Sixpence per Share on application ; and Two shillings and Sixpence per Share on .-illotmeut. It is anticipated that no further Calls will be made upon the Shareholders until such time as it may be found necessai y to construct a Branch Railway 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. N. Blair, C. 10., £730 > has been already expended in permanent works. For this sum of £ls,' 0", the prerent Proprietors of the Quarry will rake payment in fully paid-up shares, and under take not to dispose of any portion of their interests for a period of two years. Provisional Directors : Hon. Robert Campbell, M.L.C. Henry Driver, Esq., M.H.11. G. G. Russell, Esq. (National Mortgage and Agency Company). George WhittiugK iin, Esq. (Whittingham Bros.), Melbourne. Walter Guthrie, Esq. (Guthrie and Larnach). John Davie, Esq. (M'Landress, Hepburn, and Co.). John Mitchell, Esq. (Fergusson and Mitchell). Dr. Hock en. James Hazlett, Esq., J.P. (Mackerras and Hazlett). T. S. Grahame, Esq. (Bing, Harris, and Co.). James Mills, Esq. (Union Steam Shipping Co.). B. Sievwright, Esq. (Sievwright and Stout). , W. C. Roberts, Esq., J.P. (Manager Bank of New Zealand). James Marshall, Esa. (Marshall and Copeland). Keith Ramsay. Esq.. J.P. James M'Kay, <sq (Proudfoot and M'Kiv). With power to add to their Number. Bankers: Bank ot New Zealand. SoLicrroßfl : Messrs. Sievwright and Stout. Broker: J. B. Bradsli.iw, Eaq. Sf.crf.taby t-HO TKM : Jamts i'. Mackerras. Applications for Shares will be received by the Broker for the Company, J. B. Bradehaw, Esq., Dunedin. Also, By the Managers of all the various Branches of the Bank or" New Zj:al*itd throughout the Colony, from whom copies of the Prospectus and Forms of Application can be obtained. Share List will be closed on the Ist of S«pt«mb«r. 326