Page 4 Advertisements Column 3

South Canterbury Times, Issue 2303, 4 August 1880, Page 4

Business Notices. IQROSPECTUS OF ™ TIMAEU IK GRAIN, FLOUR AND SAWMILLS COMPANY, LIMITED. CAPITAL .. .. £50,000 lu 10,000 Shares of £5 each, Payable as follows; —Five shillings per share on application, five shillings per share on allotment, and the balancein 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. E. Turnbull, Esq., M.H.R., Timaru. J. Reid, Esq., Merchant, Auckland. G. Stumbles, Esq., Contractor, Timaru. P. Macintyre, Esq., M.D., Timaru. J. Plimmer, Esq. (sen.), Merchant, Wellington. Captain J. H. Sutter, Mayor of Timaru. _ W. 11. Hargreaves, Esq., Merchant, Christchurch. Naylor Hillary, Esq., C.E., Waimate. 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, Temuka. John McGregor, 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 Land and Buildings. Thomas Roberts, Esq., C.E., Timaru, M. de H. Duval, Esq., Architect, Timaru. Valuators of Shipping: Captain J. H. Sutter, Timaru. Captain Mills, Harbor Master, Timaru. Solicitors: Messrs Reid & Knubley,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 Flour, 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 1600 acres of Freehold Kauri Bush Land 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 appointed. Stock wall be taken on whatever date the Company take possession, and debts due will be 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 works of the kind in the Australian Colonies [vide report of valuators attached). The machinery is capable of preparing for the market about 20 tons Flour per day, with 4 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 day. 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 Red Pine Timber. Vessels of 400 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 are 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 in the present instance; neither are 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 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 all classes of the community. To

the fanners 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 acknowlegcd superior quality. Ample testimony can be had as to the genuine quality of the products, wherever these have been introduced throughout the colonies. Timaru being the centre for South Canterbury, the largest grain producing district in New Zealand, and a Port for shipping, with the harbor improvements now being carried out, it is in the best position possible for offering its breadstuff's 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, he finds a large capital is required to more fully develope the trade he has established in Timaru. Mr Bruce will identify himself with the Management, and retain 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 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 developes, 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 offers to investors an opportunity to develope 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 ShareParticulars as to amount of valuation made Ac., is herewith attached, which is accepted by the Promoter and the 1 rovisional Directors. Copies may be had by investors at the Office of the Brokers. The Share List will close on Tuesday August 2, 1880. In making the Allotment the Provisional Directors will consider the order in which applications ha\ e 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 office of John Reid, Esq., Merchant, Auckland ; Messrs Plimmcr, Reeves and Co, Wellington, W. H. Hargreaves, Esq., Merchant, Christ church ; Messrs Fleming and Hedley, Stock Agents, Oamaru ; John A. McKenzie, Esq,, Sharebroker, Dunedin; and G. F, Martin* Esq., Stock Agent, Invercargill,^