Page 4 Advertisements Column 3

South Canterbury Times, Issue 2273, 30 June 1880, Page 4

25iisliics« Woti<iess. FIOSPLCTUS OF THE TIMARU GRAIN, FLO Ulv AND SAWMILLS COMPAN Y, LIMITED. CAPITAL .. .. £0 0,000 In 10,000 Shaves of £y each, Payable as follows:—Five shillings per share on application, live shillings per shave on allotment, and the halanccin calls of ten shillings per shave 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. ■2,300 Fully Paid-up Shares will be retained by the Promoter (James Bruce). PROVISIONAL D lit ECTOI! K. R. Turnbull, Esq., 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. 11. Hargreaves, Esq., Merchant, Christchurch. Naylor Hillary, Esq., C.E., Waimatc. James King, Esq., Farmer, Timaru. Robert Wood, Esq., Miller, Tiinaiu. Donald Maclean, Esq., Stock Agent, Timaru, Alex. Sinclair, Esq , Duildcr, Timaru. James Shears, Esq., -Brick Manufacturer. Timaru. Alex. Wilson, Esq,, Land Broker, Temuka. John MeCregor, Esq., C.E., Dunedin. J. L. Mon is, Esq., Merchant, .Pleasant Point. Yaluators ok Machinery axd Plant : James Gray, Esq., (Messrs Reid and Gray), Dunedin. Charles McQueen, Esq., (Messrs Kincaid and McQueen), Dunedin. Valuators of Land and 1 Inr.uiNdS. Thomas Roheits, Esq., C.E., Timaru. if. do 11. Duval, Esq., Architect, Timaru. Valuators ok Sini’i’ixa : I Captain J. 11. Sutter, Timaru. Captain Mills, Harbor Master, Timaru. Solicitors; Messrs Reid A Knuhlcy,Timaru. Bankers : Rank 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 El our, Oatmeal and Pearl Barley. Also, lor the purpose of impelling from his forest in the Xoith 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 Land in (he Noilh Island. lor the acquirement of which business and property the 1 Electors have entered into an agreement with Mr Bruce, that the same he taken over by the Company at the amount as lixed by the valuers appointed. 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 favoiably with any works of the kind in the Australian Colonics (vide report of valuators attached). The machine!,v is capable of preparing for the market about ‘JO ions Flour per day, with I tons of Oatmeal and 1 ton of Pcail Hailey; and that in the Sawmills (including Planing and Moulding) is equal to an mil-put of 10,000 superficial feet of marketable Timber per day. The Timber Business is already extensive and increasing. The Freehold Bush Land in the district of Auckland belonging to the. Promoter, is rough'y estimated as yielding' at from ten to fifteen years' supply of li’sl-cl.iss Kauri and Red Pine Timber. \ essels of -100 tons burden can load with perfect safety all the year round, in close proximity to the I‘ush, and have quick despatch. The important advantages in favor of shareholders in this Company are apparent and manifold. They enter directly, with a knowledge of the lull cost ami liability, into a large umleilnking, in full operation, upon a lived dale, with a complete mid lust class jilant in each di pai tineiil, a stall of expo; ienced workmen, and an established good-going business connection. 1 here is no waiting for the erection of buildings and machine) y, or th.e preparation of plant in the present instance ; neither arc the financial interests of shareholders subject to the uncertainties, risks, and delays in- • ciJontal to the establishment of anew and untried business. In all these icspcels cvciylhing is complete and in full working order—-the returns begin with the elate of entry. The following specialities in connection with the IndiLsti ies may be mentioned, vix.: that the Flour Mill department at once supplies a much-felt want in the district amongst all classes of the community. To the faimeis it is a Loon, as it provides a good and ready local market for farm produce ; to linkers and others in providing a Hour of acknowlegcd superior quality, j Ample testimony can be had as to the I genuine quality ol the products, wherever these have been introduced throughout the colonies. Timaru being the centre for South Canlerbuiy, the largest grain producing district in New Zealand, and a I’oit for shipping, with the harbor improvements now being carried out, it is in the best position possible for ollering its breadstulfs to the markets of the woild, which shows that there is ample scope for such a magnificent concern as the Flour Mills arc. The central position of the Mills, and their immediate proximity to Frey 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, lie finds a largo capital is required to more fully dcvclope the trade he has established in Timaru. Mr I!nice 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 devclopcs, and for which the ITomoter 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 offers to investors an opportunity to dcvclope 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 Shaicholdcrs. I’mticulars as to amount of valuation made Ac., is herewith attached, which is accepted by the Promoter and the Provisional Directors. Copies may be had by investors at the 01 lice of the Brokers. The Share List will close on Tuesday August 2, I*Bo. in making the Allotment the” Provisional Directors will consider lire order in which applications have been made. Forms of Application for Phams may ho obtained at the offices of the Promoter pur James Bruce), and at Maclean and Stewart’s, Timaru ; also, at the office of John Reid, Esq., Merchant, Auckland ; Messrs Plimmer, Reeves ami Co, "Wellington, "W. H. Hargreaves, Lsq.. Merchant, Christ church ; Messrs Fleming arid 1 icdiey, stock Agents. Uamaru ; John A. McKe’.i/.ie. h~q.. Sharebroker, Dunedin ; and G. P. Martin Esq., Stock Agent, Invercargill.