Page 6 Advertisements Column 2

Taihape Daily Times, Volume XI, Issue 3519, 5 July 1920, Page 6

ABRIDGED PROSPECTUS OF THE GREAT WESTERN TIMBER COMPANY, Ltd. (TO BE INCORPORATED UNDER “THE COMPANIES ACT, 1908. ) CAPITAL £135,000. DIVIDED INTO 125,000 SHARES OF £1 EACH. Issue of 90,000 Ordinary Shares, of which 2s 6d per Share is “ Application, and 2s 6d per Share on Allotment, and the balance m calls of not more than 5s each. DIRECTORS 1 ; and Auditor, Christchurch. Phrtatphnrrii DALE, FREDERICK EVERARD, Solicitor Chi is tchurch HILL, HERBERT GLADSTONE, Company Manager ClJ' r REDPATH, JOHN ALEXANDER^ ROBINSON, WILLIAM HERBEKi, J-r., THE BANK OF NEW ZEALAND, CHRISTCHURCH. * SOLICITORS: SLATER,, SARGENT A^ T eßl^M ’SECRETARY* 1 -HN HENRY“ ' ... BROKERS: * , VRi „ K PRAHAM and SON, Hereford Street, Christchurch. Maria Place, Wanganui. ■' AUDITOR: .(■!. (. LoH;o t aL . «>? public Accountant. Christchurch. ■J, VrFvmSfM OF THE PROPERTY, . . . t U. with the object (inter alia) of acquiring Comjlahy is hei . g state an d interests of William Herbert hr -shwmuhng a l the t James Smith Diedrichs, FrederT?° n ’ wmam KePe, HGladstone Hill, Alfred Charles Hul.ett, fd Joh™HaS ton all Those pieces of land sitna.e at or near nd JonmHarn Ron b Lice nse or other Titles under “The Mining Sqqth ,\yqstlaad el 4 issued out of the Warden’s Court at Ikarito under the hand 01 tne muu

if^mife^by^a 1 south of Hokitika. There are approximately 10 000 acres over which the Vendors have the milling rights; 4000 acres on ’ ~n nf ihp Okarito Lagoon; 2000 acres just on the south side of the th*h 'Shores of the a ° reg are f ur ther north. With regard to the 60oTacres D adjacent-l:o Okarito, Mr Gideon Anderson, Crown Lands Ranger, „ow Forestry Inspector estimates that there is 80 per cen.t Rmro, 17 per cent White Pine, the balance being Silver Pine, Totara and Maitai. He fur*!lfJr estimates that this area will average 30,000 feet to the acre The Ranger has given permission to state that he considers there is no bush in Westland that will compare with this, both as to length of the bole and the number of trees to the acre. The average length of the ooie of Ae tfcees in the forest inspected was estimated to be not less than SO feet, while some of them -were 120 feet. From the sea level at Okarito to the head of the Lagoon there is a rise of 20 feet. From the edge of the Lagoon up to the boundary of the aiea over which the Vendors have the rights there is a gradual rise of 100 feet. This ife over 4000 acres.. The timber will be cut, hauled on a slight downgrade fto-the water, rolled in, and towed to the milte that will be erected at the port As soon as it is sawn it will be shipped direct on to the boats kli L Blair Mason, M. Inst. C.E., M. Inst. Mech. E M. N.Z &oc. C.E, the'well-known Marine Engineer, visited Okarito, and his reports thereon are am interesting account of the possibilities of working the port. His conclusion is that with boats to suit the ports in its present state getting tKe Timtimber 11 consent of the forest areas over which the Vendors hold milling rghts is estimated at three hundred million feet. Computed at £1 per hundred this means that the Company will start out with an asset that should be worth £3,000,000. REPORTS, Extracts from the reports ofi MR H. GLADSTONE HILL as to the proposition generally; MR J. BLAIR MASON, the well-known consulting engineer as to the port facilites; and MR T. D. McLEAN, civil engineer, as to AeVantity ,ud nature ot the timber, ™ incorporated in the Prospectus.

Contract dated 13th day of May, 1920, between William Herbert Robinson of Christchurch, timber merchant, of the first part, Harold Gladstone Bradley of Christchurch, merchant, of the second part. David James Smith Diedrichs of Hokitika, sheep farmer, of the third part, Frederick Everard Dale of Christchuch. solicitor, of the fourth part, William Keller, of Hokitika,’hotelkeeper, of the fifth part, Herbert Gladstone Hill, of Christchurch, company manager of the sixth part, Alfred Charles Hullett, of Christchurch, timber merchant, of the seventh part, John Hamilton Wilson, of Hokitika, commission agent, of the eighth part, and Frank Driessen Sargent, of the CBV of Christchurch, solicitor, of the ninth part, whereby the first eight persons named agreed to sell, and the said Frank Driessen Sargent, as Trustee on behalf of this intended Company, agreed to purchase the properties described in the complete Prospectus for the sum of £28.000. payable as follows: By the allotment of 28,000 fully paid-up £1 shares in the Company to the persons and in the proportions hereinafter named; (a) To the said William Herbert Robinson or his Nominees, 11,632 shares * (b) To the said Harold Gladstone Bradley or his Nominees. 3015 (c) TcTnfe said David James Smith Diedrichs or his Nominees, 3015 C Q fcD To the said Frederick Everard Dale or his Nominees, 3015 shares, (el To the said William Keller or his Nominees, 3015 shares, rn To the said Herbert Gladstone Hill or his Nominees. 2154 shares. Ly To the said Alfred Charles Hullett or his Nominees. 2154 shares. The vendors have spent very large sums in obtaining information, reports grants, licenses, and marine surveys, whilst they have devoted months of close labour'to the completion of the project, a share in which iT now" offered to the public, in doing this it will be noticed that they do not seek to be repaid in any cash, whilst they undertake not to sell any ot their shares for at least twelve months. reservation* and The Incenses and Certificates for the sawmill areas, niil sites for 9905 acres described in the Prospectus The following are provisions of the Company’s Articles of Association. - Phe remuneration of the Directors shall from time to time he determined >V the Company in general meeting. The qualification of a shall I the holding of at least, 500 shares in the Company and it shal. Ie bn, dutj j o complv with the provisions of the Companies Act. 1908. section 7 j. . ’The amount fixed by the Articles of Association as the nnmmam s.uh■erintion of this issue is 10.000 shares, • , . , . , ’■ ’Except as above stated no shares are issued or agreed to V issued itherwise than for cash, and no debentures are issued or agreed b> he issu- >&!■' The preliminary expenses other than brokerage are estimated at £;>00. ' -Those of the Directors who are interested in the promotion of the'Comrraifv receive their proportion of the fully paid-up shares o u *- 1 71 • £‘>B 000 -s above mentioned. In addition thereto H. Gladstone Hi.l i.fSS in tZ promotion of the Company, anti the Company y.U pa a commission at the rate of five pounds per centum on all shares of nine,., .10 or of flip Memorandum of Association and Articles of Association oi t PtC !sd(Vn!«v be inspected at the office of the solicitors of the Com-* tdSVie tfsua! business hours. Application for shares should; be,, made on Ibe prescribed form, and forwarded with a remittance foi - I i share to the Company’s broker or bankers. Where no allotment, is made, the deposit will he returned in full. ' hv v j Prospect uses may be obtained from, and applications recen edl hj any Branch of the Bank of New Zealand; Silk, Haworth and Co.. 44 Marftu Place, Wanganui, or Messrs Frank Graham and Son, Christchurch. c7l . Brokers for New Zealand. ,

FORM OF APPLICATION FOR SHARES 1V £ (1 To the Provisional Directors of The Great Western Timber Com pan., 1.i., and to H. Gladstone Hill, Christchurch. Gentlemen. — C!hn ,. p „ the I hereby request you to allot me..,., y----*™'*- d above named Company upon the terms of the Company s -P„ nV the 9th day of June, 1920, and I hereby agree to accept the same o < . less number that may be allotted to me. . I enclose herewith cheque for £ s. th, ? . c qt,o re payable on application for the said Shares, at the rate of per bna , and I agree to pay the further sum of TWO SHILLINGS AND ■> (2/6) per Share on allotment, and the balance as provided in the Prospectus And I request and authorise you to sign any necessary documents, ana do all acts and things necessary to register me as the holder ot the btiares so allotted. Name in full Address Description Dated the day of .192. Signature