Page 4 Advertisements Column 3

South Canterbury Times, Issue 2300, 31 July 1880, Page 4

Kiisiiness iNoticc*. KCTUS OF THE TIMARU Gb'AIX, FLOUR AND SAW.MILLS COMPANY, LIMITED. CAPITAL .. £.>0,000 In 10,000 Shares of £J each, Payable as follows; —Five shillings per share on application, live shillings per share on allotment, and the balance 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 tluee months from the date of allotment. 2500 Fully Paid-up Shares will be retained by the Promoter (James Ihucc). Pi; ovi siox at, 1) 1 1: kcto it s. R. Turnbull, Estp, M.1J.1t., Timaiu. J, Reid, Esq., Merchant, Auckland. G. Stumbles, Esq., Contractor, 'I imam. 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., ''Animate. James King, Ksq., Farmer, Timaru. Pobeit Wood, Esq., Miller, Timaiu. Donald Maclean, Esq., Stock Agent, Timaru, Alex. Sinclair, Esq , Builder, Timaru. James Shears, Esq., Prick Manufacturer. Timaiu. Alex. Wilson, Esq,, Land Broker, Temuka. John McGregor, Esq., C.E., Dunedin. J. L. Mortis, Esq., Merchant, Pleasant Point. Valuatouk or Maciunkuy ami Plant : James Gray, Esq., (Messis lleid and Gray), Dunedin. Charles McQueen, Esq., (Messrs Kincaid and McQueen), Dunedin. Valuatous or Land and Buildings. Thomas Itobeits, Esq., C.E., Timaiu. M. do H. Duval, Esq., Architect, 'Timaru. Vat.uatoiis or Simiting : Captain J. H. Sutter, Timaru. Captain Mills, Harbor Master, Timaru. Solicitous; Messrs Reid A Knublcy,Timaru. Baxkeks : Bank of New Zealand. Buokkiss : Messrs Maclean and Stcwait, Timaru. This Company is projected with a view of acquiring by purchase, and thereafter carrying on the Business of the Promoter (Janies Biucc) in the manufacturing of Flour, Oatmeal and Pearl Bailey. Also, for the purpose of importing from his forest in the North Island, Timber of the host 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 the North Island. For the acquirement of which business andpiopeity the I.)ilectors 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 appointed. Slock will be taken on whatever date the Company take possession, and debts due will be transferre-. 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 Colonies {ride rcpoit of valuatcns attached). The machine)y is capable of preparing for tbc market about 20 tons Flour per day, with 1 tons of Oatmeal and 1 ton of Pearl Bailey; and that in the Sawmills (including Planing and Moulding) is equal to an out-put of 10,000 snpci llcial feet of maiketablc 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 ycais’ supply of first-class Kauri and Red Pine Timber. Vessels of 100 tons burden can load with perfect safety all the yearround, 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 large undertaking, in full operation, upon a fixed date, with a complete and first class plant in each department, 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 irr the present instance; neither arc the financial interests of shareholders 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 full working order—the returns begin with the date of entry. . . The followrng spcciantrcs in connection with the Industries may he mentioned, viz: that the Flour .Mill department at once supplies a much-felt want in the district amongst all clasi cr of the community. To the farmers it is a boon, as it provides a good and ready local market for farm produce ; to baker's and others in providing a flour of aeknowlcgcd superior quality. Ample testimony can be had as to the genuine quality of the products, wherever these have been introduced throughout the colonics. Tiinaru being the centre for South Canterbury, the largest grain producing district in New Zealand, and a I’ort for shipping, with the harbor improvements now being carried out, it is in !he best position possible for offering its broadstulls to the markets of the world, which shows that there is ample scope for such a magnificent concern as the Flour Mills arc. 'flic central position of the Mills, and their immediate proximity to Grey street,the Great North Hoad, and to the Main Line of Baiiway, 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 oilers has been worked by him up to its present dimensions and positun during the last fourteen years with much success ; but in order to keep pace with the growing improvements of the colony, he finds a. large capital is required to more fully dovelopc the trade he has established in Timaiu. Mrlhucc 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 are of a’ character that naturally ami 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 oilers to investors an opportunity to dovelopc 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 by the Promoter and the Provisional Directors. Copies may bo had by investors at the Cilice of the Brokers. The Share List will close on Tuesday August 2, LSBO. Irr making the Allotment the°Provisional Directors will consider the order in which applications have been made. Forms of Application for Shares may be obtained at the offices of the Promoter (Mr James Bruce), and at Maclean and Stewart's, Timaru ; also, at the ollice of John Beid, Fsq., Merchant, Auckland ; Messrs I‘limmer, Beeves and Co, ’Wellington, W. H. Hargreaves, Esq., Merchant, Christ church ; Messrs Fleming and Pledley, Stock Agents, Oamaru ; John A. McKenzie, Fsq,, Sharebroker, Dunedin; and G. IK Martin; Esq., Stock Agent, Invercargill*