Page 3 Advertisements Column 3

South Canterbury Times, Issue 2264, 19 June 1880, Page 3

ISiiHino** 3Sotl<scw. PIIOShLGTIA! OF Till! TTMATIU (I!!AIN, FLOOR AND SAWMILLS . COMPANY, LIMITED. CAPITAL .. • • SIO,OiH) In 10,00!) Shares of £o each, Payable as follows Five shiuin«« share on application, live .shillings per share on allotment, and the balance in calls of ten shillings per shave at intervals of not less that three months ; thus extending the total payment over a period of two ye:*is and three months from the date of allotment. 2o()0 1 Lilly Paid-up Slkuch will be retained

by the Promoter (James I’vuce). PaOVISIOXAU DIKKCTOUS. 11. Turnbull, Esq., M.H.H., Tinrarn. .1. Head, Esq., Merchant, Auckland. (I. Stumbles, Esq., Contractor, I imam. ]’. Madntyrc, Esq., M.D., Timaru. J. riinnner, Esq. (sen.), Merchant,Wellington. Captain J. H. Sutter, Mayor of Timaru. _ W. 11. Hargreaves, Esq., Merchant, Christchurch. Naylor Hillary, Esq., C.E., Waimato. •lames King, Esq,, .Farmer, 'rimavn. Hubert Wood, Esq., Miller, Timaui. Donald Maclean, Esq.. Stock Agent, Timaru, Alex. Sinclair, Esq , builder, Timaru. James Shears, Esq., Brick Manufacturer. Timaru. Alex. Wilson, Esq,, Land broker, Teuruka. John McGregor, Esq., C.E., Dunedin. J. L. Morris, Esq., Merchant, Pleasant Point. Yauuatoius of M.\cmxKitY axu Hlaxt: James Gray, Esq., (Messrs licit! and Gray), Dunedin. Charles McQueen, Esq., (Messrs Kincaid and McQueen), Dunedin. Yai.tatoks of I.an'd axu Itru.Tiixos. Thomas Heberts, Esq.. C.E., Tinrarn. M. do if. Duval,Esq., Architect, Tinrarn. Yau.ta.tohh of Smrrrxo : Captain J. H. butter, Timaru. Captain Mills, Harbor Master, Timaru. SouciToits: Messrs Held A Knubley,Timaru. Daxkhits ; Dank of New Zealand. JiUOKI-TliK : Messrs Maclean arrd Stewart, Timaru. This Company is projected with a. view of acquiring by purchase, and thereafter carrying on the business of the Promoter (James iJnice) in the inanufactu; tug of Flour, Oatmeal aird IVa:l barley. Also, for 1 the purpose of importing I’mur his forest in the Nor ill Island, Timber of the la st dese; in! ion and preparing lire same for market in marry available form. .Included in the above will bo lire well known brigantine N ight : :io-;b\ and about loftO ae.es of KieehoM Kami bush Land in the North Island. Lor the acquirement of which business and property the i )irectors have entered into an agreement wiili .Mr bii’ee, that flu; same be taken over by lire Company .at the amount as fixed by the valuers appointed. Mock will be taken on whatever dale the Company take possession, and debts due will be transferred on the same date, Mr brucc guaranteeing the same all good to the Company. The Flour, Oatmeal, and Pearl barley Mills will compare favorably with any work's of the kind in the Australian ('olonies (r-d/e report of valuators attached). Tire machinery is capable of preparing lor the market about JO loirs Flour per day, with i tons of Oatmeal and 1 ton of Pearl barley; arrd that in (ho Sawmills (including .Planing and Troubling) is equal to an out put of 10,000 superficial feet of marketable T imbor per day. The Timber business is already extensive and increasing. Tire Ercehubl bush I.ami in tire district of Auckland belonging to the Promoter’, is rougldy estimated as yielding at from ten to fifteen years' supply of first-class Kauri arrd Hod Pine Timber. Yessels of TOO tons burden can load with perfect safety all the yearround, in close proximity to the bush, arrd have quick despatch. The 1 important advantages in favor of shaieholders irr this Company are apparent and manifold. They enter directly, with a knowledge of the full cost and liability, into a large undertaking, irr full operation, upon a fixed date, with a oomph to and fust class plant irr each department, a stall’ of experienced workmen, and an established good-going business connection. There ’«? rro waiting for tire erection of buildings and machinery, or the preparation of plant in fbc ’present instance; neither are the financial interests of shareholders subject to the uncertainties, r isks, and delays incidental to the establishment of a now and untried business. Irr all those respects everything is complete and irr full working order—the i(.‘turns begin with lire date of entry.

The following specialiin coniu'ction with the Sndustiies may be mentioned, viz: that the Flour Mill department at once supplies a inneh-fclt want in the district ainong-t ail classes of the coimnnnity. To tlio furnieis it is a boon, as it provides a good and ready local market for farm piodneo; to bakers and others in providing a Hour of acknowlegcd superior quality. Ample testimony can he had as to the genuine quality of the products, wherever these have been introduced throughout the colonies. Timaiu being the centie for South Canterbury, the largest grain producing district in New Zealand, and a J’ott for shipping, with the harbor improvements now being can icd out, it is in the best position possible for offering its hrcadstnll's to the markets of the world, which shows that there is ample scope for sncli a magnificent concern as tire Flour Mills are.

The central position of the lUills, and their immediate proximity totlioy shoot,the (treat North Itoad, and to the Main Line of liaihvay, with which latter they nro directly connoetocl hy extensive sidings on two sides, gives special advantages for economically working the concern, enahling customers in and out of town to obtain their goods with dispatch and without any extra handling or caitage. The Business that the Promoter now offers has been worked hy him up to its present dimensions and pusitb n during the last fourteen years with much success ; hut in order to keep pace with the growing improvements of the colony, he finds a large capital is required to more fully dovclopc the trade:,he has established in Timaiu.

Mr Kmco will identify himself with the Management, and retain one-fourth of flic capital of the Company, thus showing his faith in the concern in the most practicable maimer possible. The situations of the Mills, the premises, machine)y, plant, and whole appliances arc of a character that naturally and speedily opens up a widely-extended and extremely prolific trade, and the products being of every day requirement, call forth the employment of additional capital as the business developed, and for which, the Promoter guarantees to each Shareholder ten per cent per annum as the first charge on the profits of the Company for two years. The Promoter now offer's to investors an opportunity to dovelopc a local and colonial industry, and to participate in handsome profits as a return for the cap’tal invested. The Company will ho governed hy a Hoard of .1 )rrectors chosen by the Shareholders. Particulars as to amount of valuation made fee., is herewith attached, which is accepted by the Promoter and the Provisional Directors. Copies may he had by investors at tiro Office of the Hrokers. The Share List will close on Tuesday, August d, 1»80. In making' the Allotment the 1 ’rovisional .'Directors will consider the order in which applications have been made. Dorms of Application for Shares navy be obtained at tiro offices of the Promoter (Mr James Jit tied, and at Maclean and Stewart's, Timaru ; also, at the office of John Peid, Esq., .Merchant, Auckland ; Messrs Plitmncr, Hooves raid ('o, W ellington, W. H. Hargreaves, Esq., Merchant, Christ church; Messrs Meriting and I Tod icy, Stock Agents, Oamaru ; John A. McKenzie. Esq,, Shar.-luoher, Dunedin; and C, T'. Martin, Esq., Stock Agent, Invercargill.