Page 3 Advertisements Column 4

Oamaru Mail, Volume IV, Issue 886, 17 February 1879, Page 3

PUBLIC NOTICES ~«-»«■ n i^>m. r ,„.OE,-XHE, -.—,„„- „., „,....,.,. CMT/Tva river Freehold sawmill COMPANY, LIMITED. Capital, £25,000, in 5000 Shares of £5 Each. Five Shilb'ngs per Share will be payable on Application; Five Shillings on Allotment ; and Two Pound Ten Shillings in Five Calls of Ten Shillings each, at intervals of not less than two months. No further calls are likely to be required for . some time, and will only be made with the consent of the Shareholders. PROVISIONAL DIRECTORS: David Baxter (D. Baxter and Co.) George O'Driscoll (O'Driscoll and Co.) Keith Ramsat, Dunedin T. T. Ritchie, Dunedin James B. Thomson (M 'Gill and Thomson) Robert Wilson (R. Wilson and Co.) N. Y. A. Wales (Wales, Stephenson & Co) W. T. Winchester Robert Andrew, Catlin River. bankers: Bank of New Zealand. solicitors : Stewart and Denniston. interim secretary. T. T. Ritchie. | This Company is projected with the view of acquiring that extensive and valuable Property known as the Catlin's River Sawmill, and through increased Capital extending the hitherto limited operations carried on for a number of years with a very considerable amount of success by private enterprise. The natural advantages pertaining to the property are unequalled, being situated in the heart of the most extensive bush country in the South of New Zealand, where all varieties of timber arc easily obtainable, and having a water frontage for many miles to the Catlin's River and Lake—the former being navigable at present for vessels drawing Bft., but when contemplated harbor improvements are made by Government, for which the requisite money has been voted, vessels drawing 10ft. %rill be able to load at the Mill Jetty. In connection with the Sawmill there are 1230 seres of valuable feehold, which, by judicious selection, commands beyond risk of interference great extent of thickly timbered country, This freehold has a river frontage of 2.} miles, and after the timber lias been removed, if cut up into suitable siaed sections, will readily sell at a high figure, and yield a very handsome profit indeed to the Company. The whole of the machinery and working appliances are in first-class order, and for some time past the average quantity of timber disposed of lias been 200,000 ft. per month, but with additional appliances this quantity can be largely increased to meet the .Towing demand for timber throughout New Zealand, and which can be delivered at the various ports at a price giving a profit of at least 3s per 100 ft, The jjroprietor lias agreed to dispose of his ntercst in the property (all orders on hand ;o be transferred to the Company) for L 13,200, to be paid in 400 shares, L 3 per ihare paid up, and the balance payable in rash by instalments. The vendor will take iOO shares, paying all calls as made, and jinding himself (if required) not to dispose of hcse shares for two years. The Provisional Directors have very careidly gone over the books of the Vendor for last 12 mouths, and they have no hesita;ion in saying that this will prove a bond ide investment. The property has just been •allied by competent parties, and there can je no doubt the price asked js exceedingly noderate, and that very handsome returns >n the capital invested will be at once obainable. The fact of the Vendor taking >OO ordinary shares in the Company, shows lis faith in the remunerative prospects of the concern. It is almost unnecessary to point out the arge and increasing demand which exists for Building Timber, and in particular the rreat value of Black Pine for railway works, ;c. Most of the timber out at Catlin's liver has been shipped direct to Oamaru, lyttleton, &c, and when the improvements o the navigation of the river already mentioned are carried out, and larger vessels maided to enter, timber will be landed at he various ports at a much lower rate of freight, thus giving increased profits, or if leccssary, enabling the Company to meet on ;qual terms any possible competition. The projected line of railway to Catlin' River, when carried out by Government, and :here is every prospect of its being among :he first of the Branch Lines to be constructed, will enable the Company, in addition to the seaports, to supply the inland listricts with timber. Telegraphic coninnnication will shortly be opened with the listrict, thus greatly facilitating business irnwiccineuts all over New Zealand. The Provisional Directors, while they do not bind themselves to allocate shares to all ipplicants ]iro rata, will, so far as they conveniently can, adopt that principle. Application for Shares may be made to :he Managers of the various branches of the IJank of New Zealand, and to the Interim Secretary, Dunedin, up to 4th March. Nearly half of the Shares are already :aken up, and the Company will be registered iml business commenced immediately. Note.—Since this Property has been put under offer by the vendor, the Mill-house lias been burned down, and part of the nachinery damaged ; but the whole being r ully covered by insurance, will be replaced .vitliin a few weeks at the expense of the vendor in a nioro eligible and convenient losition ; and with improvements contemplated, and new machinery, the producing ;>ower will be very considerably increased, md at a much lessened cost. 372 E have this day SOLD to MR. TY JAMES CRAIG the BUSINESS :arried on by us as Coal and Timber Merdianta, in Thames and Humber-streets, lamarn, and trust the patronage so liberally cstow d on us will be extended to him. C. GALBRAITH & CO. Oamaru, Ist Feb. 1579. 'ITH reference to the above, I beg to state that nothing will be wanting in my part to supply the public with firstrlass Material in the Building line. Being :onnected with extensive saw mills in lokitika, as also the machinery here, I am n a position to supply those customers who favor me with their orders with the utmost despatch. !S7 JAMES CRAIG. fO MY PATRONS IN OAMARU TOWN AND COUNTRY. SKENE'S LABOR EXCHANGE. OAMARU BRANCH. TnE subscriber ha? the satisfaction of ntroducing MR. HENRY M'INTO>H to he Public of Oamaru and the Country listricts as proprietor of the above. The want of a properly managed Labor Agency for Oamaru and District has long >een felt. Masters and Servants (male ind female) may now rest assured that their nterests will be strictly attended to, as Ir. M'lntosh has had long Colonial exerience of farm servants and the requirelents of farming in all its branches. Respectfully soliciting your support, I am, &c., J. SKENE. [TITH regard to the above, the Public can depend upon my utmost eneavours to deserve their support. 51 H. M'INTOSH. T ANTED Known that the MAIL has ' » Larger Circulation than any other per in Otago published oat of Dunedin.