Page 5 Advertisements Column 2

Te Aroha News, Volume VI, Issue 282, 18 July 1888, Page 5

PBOSPECTTJS OIF

BROKERS—SYDNEY: FRASER & CO.

MR. E. T. DLJFAUK, SOLICITOR, AUCKLAND. About 2,260 aeios i Freehold Land and Bush. { WHANG \ROA RAFTING COMPANY, WHANG AKOA. /The Kauri WHAXGAROA SAW-MILL COMPANY, WHANGAPvOA \ Timber Com- t pany acquires the whole of the shares in these companies MR. WILLIAM MEIKLE, MERCURY BAY. Including about 1,800 acres Leasehold Land and Bush. MR. JOHN TROUNSON. Freehold Lands and Bush. Besides the foregoing, the Company acquires Contracts made with the following Companies and persons, for the sale of timber on their properties to be Cut and Supplied at specified rates per 100 feet, viz. :—: — MESSRS LANE am. BROWN, WHANGAROA. Including the j right on stated terms to prohibit them from Selling Land and ; Timber for five years. KAIHU VALLEY RAILWAY CO., LIMITED Under this? contuiut. Advances are to be made by the Company on completion of the Ist Section of Railway, of €15,000 at 6 per cent, per annum on legal security being given over the Lands selected by the Railway Company under their agreement with the Crown, and on completion of the 2nd Section, a further sum ot £10,000 on the same teims, provision beimr made for a proportionate reduction of the mortgage moneys out of any sales of Land by the Railway Company. MR JAMES CHRISTIE. Contract to Supply Timber, per 100 feet. MESSRS HARE BROTHERS. MESSRS DRINNAN BROTHERS. „ „ „ „ „ j MESSRS COATES AND KENDALL, KATWAKA.,, MR PATRICK .SHAN AH AN MR R C. SMITH. In addition to the foregoing, there arc several birudler purchases ot the Vendors, of which particular are not yet to hand, all of which the Company will take over. The following is a short summary of tbe Tiopertic^ above specified, and their \aluos, at o-ttimated by the vendors, viz.: — About 1,563,000,000 feet (as most carefully estimated by competent experts) of SPLENDID KAURI TIMBER, which ac a low \aluation of one shilling per 100 teet, amounts to, say . . . . . . C 781,500 28 MILLS in full working order, together with Booms, Dam?, Tramway? and Rolling Stock, Cattle, Horses, and all Water Rights and Appurtenances valued at, say . . £400,000 STOCKS OF TIMBER, ready or ncarh iciidy for market, & ay . " £217,000 £1,598,500 Thi> \aluation is exclusive of any estimate for the undermentioned Lands, apart fiom the Timber, viz,. :—: — , 146,000 ACRES FREEHOLD, ' AND 257,000 ACRES LEASEHOLD LAND, having various terms up to 60 years to run, which can be converted into Fieehold on payment of a small sum per acre. 1 Neither is any estimate included in respect of largo Gum Deposits to be found on the lands which the company will acquire, and from which a ' considerable re venue is expected. i Nor for the large quantities of Kahikabca (White Pine), Rimu, and i Totara timbers, dense forests of which occupy pjirb of the lands the Company is to acquire, and which are of great value. ! Part of the property acquired from the NEW ZEALAND TIMBER 1 COMPANY LIMITED comprises some 26,476 ACRES OF FREEHOLD, . which has a frontage of 8i miles to the COROMANDEL GOLDFIELD, and } it is generally believed that large and payable gold and silver deposits arc to be found thereon. The company will also be entitled to all or any contracts made by the Vendor*', not specified in this prospectus, without further payment than the cost for which the Vendors obtained them. < The Vendors are, by the agreement with the Company, to receive 150,000 fully paid up shares ; and the Company is to take the position of the Vendors under the contracts, to recoup them such part of the purchase money as has already been paid, to provide for payment of the balance, take the legal transfers, etc , and generally carry out the contracts, including certain obligations of the various concerns according to the terms of the contracts, but the Vendors are to receive all discounts to be allowed thereunder for prompt payment. The Directors are in a position to secure the services for a definite period, at remuneration to be fi\cd, of .Messrs David Blair, of Melbourne, and George Holdship, of Auckland, and, with their experienced management and immediate knowledge ot the trade, as well as the economy and efficiency of a united control of the whole of the properties the Directors confidently anticipate increasingly .satisfactory dhidends, and the Vendors guarantee the first four y earl y dividends it the rate ot ten pei cent, per annum, either personally or by the guarantee of a Guarantee Company. The first annual meeting to declare dh idemte will be held in October. 1889. The Annual Export of Kauri Timbci from New Zealand, according to the latest statistics, is estimated by the Vendors as follows, viz. :— To Victoria • 10,000,000 feet. „ New South Wales . 10,000,000 „ „ South Australia \ „ Western „ I 5,000,000 „ „ Queensland j „ Tasmania J MAKING A YEARLY EXPORT OF 25,000,000 foet, The Annual Consumption in New Zealand and the adjacent Islands has been carefully estimated at 35,000,000 „ MAKING AN ANNUAL OUTPUT OF . . 60,000,000 feet. The Directors, from their long experience of the trade, are confident that the Company will not only be able to do business to this extent, but that year by year, as the appreciation and demand for kauri increases, a larger business may be expected. Taking, however, the full extent of the Company's business to be annually, as above, the profits, after making all necessary deductions for Sinking Fund, etc., are estimated at much more than amply sufficient to pay the guaranteed dividend. : The only charges to be borne by the Company, beyond the expenses of . completing the contracts, are the usual charges for brokerage, advertising, and other preliminary expenses. The Memorandum and Article's of Association, with the various contracts hereinbefore referred to, or certified copies thereof , plans of the properties and the Agreement between the Vendors and the Company, are now lying

be made at the branches and agencies of the Bank of New Zealand, who are authorised to gyve receipts on behalf of the Company.