Page 6 Advertisements Column 1

Taihape Daily Times, Volume XI, Issue 3520, 6 July 1920, Page 6

D ABRIDGED rnosrncrus or COMPANY, Ltd. I (TO Bl’. INCORPORATED UNDER “THE COMPANIES ACT, 1908.”) ' -——~———o-~————-CAPITAL == £125,000. DIVIDED INTO 125,000 SHARES OF £1 EACH. Issue of 90,000 Ordinary Shares, of which 25 6d per Share is pilyaible 011 Application, and 2s 6d per Share on Allotment, and the balance in calls of not more than 5s each at intervals of not less than one month. I PROVISIONAL DIRECTORS: BRADLEY, HAROLD GLADSTONE, Merchant, Christchurch. BRIDGE,_HENRY POYNTON, F.P.A., N.Z., F.1.5.V., Public Accountant and Auditor, Christchurch. DALE, FREDERICK EVERARD, Solicitor, ChristC.hlll‘Ch~ HILL, HERBERT GLADSTONE, Company Manager, Christchurch. REDPATH, JOHN ALEXANDER, Jl2, Coal Merchant, Christchurch. _ ROBINSON, VVILLIAM I-lERBERT, J.P._, Timber Merchant, Christ-. ‘ church. BANKERS:. . THE BANK. OF NEW ZEALAND, CHRISTCHURCHSOLICITORS: A SLATER, SARGENT AND DALE, 93, Worcester Street, Christchurch. INTERIM SECRETARY: .‘.. ' « JOHN HENRY STRINGER, A.l_A., N.Z., Public Secretary and Auditor, " ' Cathedral Square, Christchurch. BROKERS: 361“-iAi\'l{ GRAI-{.\M AND SON. Hereford Street, Christchurch. SILK, HAWORTH & CO., 44 Maria Place, Wanganui. ._ . AUDITOR: . J. W. K. LAWRENCE, F.P.A., N.Z_, Public Accountant, Christchurch. =1 -'= PARTICUEARS OF THE PROPERTY. A; in -«,-.;<;:..g-.;:».,’ The Company is being formed with the object (inter alia) of acquiring, for sawmilling purposes all the estate and interests of William A Herbert Robinson, Harold‘ Gladstone Bradley, David James Smith Diedrichs, Freder-"’ ick Everard Dale, William Keller, H. Gladstone Hill, Alfred Charles Hullett,’ and John Hamilton Wilson, in all these pieces of land situate at or near Okarito, Southlwestlanfl, held by License or other Titles under “The Mining , Acts”,and Roggilations tl3,;9§%,§.\u~:§det3,ggr_ncl issued out of the War-dents Court at; Okar_i_t_o I.‘.ll.Q€.l,",¢Ell,§.ll§ll(l,.qfi;,.fléQ;:“Sy@TQ.§ll of the Westlancl Mining District‘ and, the ‘Seal of‘_the_ _'§Karqen’,s» hC_o_urt_7. ‘ ‘_ ’ ‘ ' O'karit‘o“i§'s§‘niile§‘"by' sea south‘ of Hokitika. There are approximately" ;o‘;<§o’d_j,acrEg6vs&=‘whirn the Vendors ‘-have the milling rights; 4000 acres on _t‘he"T'shbr'e§-}iff;tll’e"ok:sl-i'to'Lagoon; 2000 acres just on the south side of the little toWnshi'p while 4000 acres are further north. With regard to the 3000 acres adjacent ‘to Okarito, Mr Gideon Anderson, Crown Lands Ranger, now Forestry Inspector estimates that there is 80 per cen.t Rimn, 17 per sent White Pine, the balance being Silver Pine, Totara. and Maitai. He fur- a

l’ ther estimates that this area will average 30,000 feet to the acre. The i 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 hole of the lhees in the forest inspected was estimated to be not less than 80 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 area over which the Vendors have the rights there is a gradual rise of 100» feet. This is over 4000 acres. The timber will be cut, hauled on a slight down-i grade to the water‘, rolled in, and towed to the mills that will be erected at the port. As soon as it is sawn it will be shipped direct on to the boats. Mr J. Blair Mason, M. Inst. C.E., M_ Inst. Mech. ,E., M. N.Z., Soc. C.E, the well-known Marine Engineer, visited Okarito, and his reports thereon are an interesting account of the possibilities of working the port. His conclusion is that with boats to suit the ports in its present state getting the timber out is certain. The timber content of the forest areas over which the Vendors. hold» milling rights 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’ the quantity and nature of the timber, are incorporated in the Prospectus. PARTICULARS OF CONTRA'CTS, ETC ' I - 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 thesecond part. David James Smith Diedrichs, of Hokitika, sheep farmer, of the third part, Frederick ‘Everard I Dale, of Christchuch, solicitor, of the fourth part, William Keller, of Hoki~ tika, hotelkeeper. of the fifth part, Herbert Gladstone Hill, of Christchurch, Company manager of the sixth part, Alfred Charles Hullett, of Clll‘iStchurr-.h_ timber merchant, of the seventh pal't, John Hamilton Wilsoii, of Holcitika, i commission agen’t,‘of the eighth part. and l'<‘ranl«: Driessen Flax-gent. of tho City of Christchurch, solicitor. of the ninth p:_lrt,éwliel'eby 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 prop- ' erties described in the complete Prospectus for the sum of .£28.000. payable. as follows: By the allotment of 28,000 fully paid-up £l, shares in the Coinpany to the persons and in the proportions hereinafter named:—i— I (a) To the said William Herbert Robinson or his Nominees. 11.622} shares (b) To the said Harold Gladstone Bradley or his Nominees. 30151 _f shares - ; (c) To the said David James Smith Diedrichs or his Nominees, 3015 shares ' : . (d) To the said Frederick Everard Dale or -his Nominees, 3015 shzires (e) To the said William Keller or his Nominees, 3015 shares. (f) To the said Herbert Gladstone Hill or his Nominees, 2154 shares. ,; (E) To the said Alfred Charles Hullett Or his Nominees. 2154 shares.i if The vendolss have spent Very large sums in obtaining information, roports, grants, ]icenses,_and marine surveys. whilst they have (levoterl - months of close labour to the completion of the project. a share in which 1 is now offered to the public. In doing this it will be noticed that they do ;f not seek to be repaid in any cash, whilst they undertake not to sell any of their shares for at least twelve months. . I 1:I_ The Licenses and Certificates for the sawmill areas. reservations and mill sites for 9905 acres described in the Prospectus l The following are provisions of the Company’s Articles of Ass-ociation:—~ E The remuneration of the Directors shall from time to time be determined " by the Cr.-mpany in general meeting. The qualification of a. Director shall if he the holding of at least 500 shares in the Company. and it shall be his duty 1 .51 to comply with the provisions of the Companies Act. 1908. section 70. . 1: The amount fixed by the Articles of" Association as the minimum sub- ’ _ scription of this -issue is 10,000 shares. . Except as above stated no shares are issued or agreed to be issued 3 otherwise than for cash, and no debentures are issued or agreed to be issu—ed. ~The preliminary expenses other than hr-okerage areesl‘ilnn.t.edat £SOO. ‘E Tl1os(:- of the Directors who are interested in the promotion of the COlll—pany receive their proportion of the fully paid-up shares to the extent of :£28,000,:z.s above mentioned. In addition thereto H. Gladstone Hill is in- ‘? terested' in the promotion of the Company, and the Company will pay a commission at the rate of five pounds per ceutum on all shares of which he or the broker shall prccure the subscription. ‘ Copies. of the above-mentioned Contract. Licen.-es and (‘.ei'lific-ates. and of the lllernoranduin of Association and Articles of .-\sSo(:iation of the Dro-‘ _ Dos'ed Cc.rnpunyniay be inspected at the ofiice of the solicitors of the COlll-; ATV‘-DY (hning the usual business hours. Application for sha.re:s should be; made on the prcscriberl form, and forwarded with a. remittance for ‘3/6 per‘ share to the (‘olnpan_v’s broker or bankers. Where no allotment: is made the (33tépo's1t will be returned in full. J-10SDGC<i11seS Inny be obtained from. and applications received by, any Branch Of The Bzanlc of New Zealand; Silk. Haworth and CO,, 44 Maria. 2-Place: ‘7"’?lll'e’.=lnui, or Mes:=l‘s Frank Graham and Son, (lliristchurch, ('.hiet‘_. Bl'ok€l‘S fo!‘ New Zealand. l 1 " I T 0 the ‘Prmisional Directors of The Great. Western 'l‘imbel' Conmalli’, L’--"1-,1 and T“ H. Gladstone Hill. Clll‘lStClllll'Cll I .Gentlemen.~- ' , I herpb-V ’ff“l“9S'E "you to allot me. . . . . . . . . . . . . . . . . . . . . . . .Shares in the 3bo,Ve'“3m_9d (=°“‘l—'3Tl3' noon the terins of the Company’s Prospectus dated ‘ the 9th (“V of June.» 1920, and 1 1101'9by agree to accept the same or any less number that may be almtted to me“ . I °""‘°S‘~‘ h‘?‘e“.'”h Cheque for «+3 s. (1., being the amount payable on application for the said Shares. at the ruteof 2s 6d per Share, _ and I agree to pay the further sum of TWO SHILLINGS AND SIXPENCE (3/5) 991' Share on allotment, and the balance as provided in the Prospectus. do 21‘\1I1:ctI” and authorise you to Sign any necessary documents, and io;110“»e(-; : ITISS D6068-‘3al‘y to register me as the holder of the Shares Name in full _ Address l Description Dated ‘the of l ’