Page 4 Advertisements Column 3

South Canterbury Times, Issue 2267, 23 June 1880, Page 4

ISsiwinesss Notices. TVROS I’ECT U S OK THE TIMARU J GRAIN, FLOUR AND SAWMILLS COMPANY, LIMITED. CAPITAL .. • • f 50,000 In 10,000 Shares of £5 each, Payable as follows Five shillings per share on application, five shillings per share on allotment, and the balancc in calls of ten shillings per share at intervals of not less that three months ; thus extending the total payment over a period of two years and three months from the date of allotment. 2500 Fully Paid-up Shares will be retained by the Promoter (James Bruce). PROVISIONAL DIRECTORS. R. Turnbull, Esq., M.H.R., Timaru. J. Reid, Esq., Merchant, Auckland. G. Stumbles, Esq., Contractor, Timaru. P. Macintyrc, Esq., M.D., Timaru. J. Plimmcr, Esq. (sen.), Merchant, Wellington. Captain J. H. Sutter, Mayor of Timaru. W. H. Hargreaves, Esq., Merchant, Christchurch. Naylor Hillary, Esq., C.E., Waimatc. James King, Esq., Farmer, Timaru. Robert Wood, Esq.,-Miller, Timaru. Donald Maclean, Esq., Stock Agent, Timaru, Alex. Sinclair, Esq , Builder, Timaru. James Shears, Esq., Brick Manufacturer. Timaru. Alex. Wilson, Esq,, Land Broker, Tcinuka. John McCregor, Esq., C.E., Dunedin. J. L. Morris, Esq., Merchant, Pleasant Point. Valuators of Machinery and Plant: James Gray, Esq., (Messrs Reid and Gray), Dunedin. Charles McQueen, Esq., (Messrs Kincaid and McQueen), Dunedin. Valuators of Baku and Builhings. Thomas Roberts, F.sq., C.E., Timaru. M. do H. Duval,Esq., Architect, Timaru. Valuators of Shipping: Captain J. H. Sutter, Timaru. Captain Mills, Harbor Master, Timaru. Solicitors: Messrs Reid <t Knublcy,Timaru. •Bankers : Bank of New Zealand. Brokers: Messrs Maclean and Stewart, Timaru. This Company is projected with a view of acquiring by purchase, and thereafter carrying on the Business of the Promoter (James Bruce) in the manufacturing of Elour, Oatmeal and Pearl Barley. Also, for the purpose of importing from his forest in the North Island, Timber of the best description and preparing the same for market in every available form. Included in the above will be the well known brigantine Nightingale, and about 1(100 acres of Freehold Kauri Bush Laud in the North Island. For the acquirement of which business and property the Directors have entered into an agreement with Mr Bruce, that the same be taken over by the Company at the amount as fixed by the valuers ajipointed. Stock will be taken on whatever date the Company take possession, and debts due will he transferred on the same date, Mr Bruce guaranteeing the same all good to the Company. The Flour, Oatmeal, and Pearl Barley Mills will compare favorably with any worlds of the kind i n the Australian Colonics {vide report of valuators attached). The machinery is capable of preparing for the market about 20 tons Flour pci’day, with -1 tons of Oatmeal and 1 ton of Pearl Barley; and that in the Sawmills (including Planing and Moulding) is equal to an out-put of 10,000 superficial feet of marketable Timber per da.y. The Timber Business is already extensive and increasing. The Freehold Bush Land in the district of Auckland belonging to the Promoter, is roughly estimated as yielding at from ten to fifteen years’ supply of first-class Kauri and Rod Pine Timber. Vessels of 100 tons burden can load with perfect safety all the year round, in close proximity to the Bush, and have quick despatch. The important advantages in favor of shareholders in this Company arc apparent and manifold. They enter directly, with a knowledge of the full cost and liability, into a largo undertaking, in full operation, upon a fixed date, with a complete and first class plant in each depaitmcnt, a staff of experienced workmen, and an established good-going business connection. 'There is no waiting for the erection of buildings and machinery, or the preparation of plant in the present instance; neither arc the financial interests of shaieholders subject to the uncertainties, risks, and delays incidental to the establishment of a new and untried business. In all these respects everything is complete and in lull working order—the returns begin with the date of entry. The following specialities in connection with the Industries may be mentioned, viz : that the Flour Mill department at once supplies a much-felt want in the district amongst), alii classes of the community. To the farmers it is-a.boon, as it provides a good and ready local market for farm produce ; to bakers and others in providing a flour of acknowleged superior quality. Ample testimony can be had as to the genuine quality of the products, wherever those have been introduced throughout the colonies. Timaru being the centre for South Canterbury, the largest grain producing district in' New Zealand, and a Fort for shipping, with the harbor improvements now being carried out, it is in ihc best position possible for offering its breadstuffs to the markets of the world, which shows that there is ample scope for such a magnificent concern as the Flour Mills are.

The central position of the Mills, and their immediate proximity to Grey street,the Great North Road, and to the Main Line of Railway, with which latter they are directly connected by extensive sidings on two sides, gives special advantages for economically working the concern, enabling customers in and out of town to obtain their goods with dispatch and without any extra handling or cartage. The Business that the Promoter now offers has been worked by him up to its present dimensions and position during the last fourteen years with much success ; but in order to keep pace with the growing improvements of the colony, ho finds a large capital is required to more fully devclopc the trade.he has established in Timaru.

Mr Bruce will identify himself with the Management, and retain one-fourth of the capital of the Company, thus showing his faith in the concern in the most practicable manner possible. The situations of the Mills, the premises,, machinery, 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 dcvelopes, 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 dcvelopo a local and colonial industry, and to participate in handsome profits as a return for the capital invested. The Company will be governed by a Board of Directors chosen by the Shareholders.

Particulars as to amount of valuation made Ac., is herewith attached, which is accepted hy the Promoter and the Provisional Directors. Copies may he had by investors at the Cilice of the Probers. The Share List will close oir Tuesday, August 2, 1880. In malting the Allotment thc°lTovisional Directors will consider the order in which applications have been made. Forms of Application for ,Shares may bo obtained at the olllces of the Promoter (Mr James Pruce), and at Maclean and Stewart’s, Timaru ; also, at the oilicc of John Eeid, Esq., Merchant, Auckland ; Messrs Plimmer, Peeves and Co, 'Wellington, W. H. Hargreaves, Esq., Merchant, Christ church ; Messrs Fleming and 11 alloy, Stock Agents, Oamaru ; John A. McKenzie, Esq,, Sharebroker, Dunedin; and C. F. Martin, Esq., Stock Agent, Invercargill.