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Of which 450,000 Shares are now offered to the public on the following terms of payment, viz.:— 5s on Application ; 5s on Allotment ; 5s in Two Months from Application ; 5s in Three Months from Application. It is not anticipated that it will bo necessary to make any further Calls, but iv any case they will not be made in larger sums than 2s od per Share, nor at intervals of less than three months. 150,000 Shares are retained for the Vendors, as hereinafter stated. A "Dividend of 10 per cent. per. annum upon the Paid-up Capital is guaranteed for Four Years by the Vendors.
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DIRECTORS— Hox. JAMES BALFOUJR, M.L.C., Messrs. Balfour, Elliott and Co.. Limited; JIOBT. HAHPEK, Esq., M.L. A., Messrs. .Robt. Harper & Co.; GEOKGE LUSH, Esq., Messrs. Newell & Co.; GEORGE H. MANN, Esq., Messrs. Ettershank, Eaglestoiie and Mann ; HARVEY PATTERSON, Esq.; Hon. Lieut.-Colonel F. T. SAIIGOOD, C.M.G., M.L.C.; JOHN SHAKP, Esq., Messrs. John Sharp & Sons. MANAGING DIRECTOR :— -DAVID BLAIR, Esq., Market Street, Melbourne. LOCAL DIRECTOR FOR NEW ZEALAND :— GEORGE HOLDSHIP, Esq., Auckland. SOLICITORS:— Messus. MADDEN & BUTLER, 7.j Collins Street West, Melbourne. E. T. D'UFAUR, Esq., Auckland. NEGOTIATING BROKERS :—Mi:ssns STEW A IIT & GAKLTOK, Auckland. BANKERS :— BANK OF AUSTKALASLV, BANK OF NEW SOUTH WALES, BANK OF NEW ZEALAND, THE CITY OF M.ELBOUKNU BANK, Ltd. SECRETARY (pro tan.) : A. M. VALANTINE, Union Buildings, Chancery Lane. BROKERS-MELBOURNE : Mkssiw. CLARKE & CO.; WM. NOALL, Esq., Collins Street East ; JAMES DONALDSON & Co., Limited ; CHAPMAN & WAKLEY, Limited ; Messrs. BIIOCK BEOS., .Metropolitan Chambers, Collins Street East ; HERBERT WILSON & CO., Limited, Collins Street West. BROKERS—SYDNEY : FKASER & CO.
mllE Company is foimcil fur the purpose of acquiring and completely taking X over all rights, and obligations under ('onlr<icts> of purchase leoenUy made of the Fro per tins, Busine.>sc.-> and Assets of tho companies and owners hereunder set out, which include nearly all the pieoenb Kauri Foicstt alienated from the Crown, and the most impoitaiic Saw-mill hit ere- Is in the North Island of IS'ew Zealand, and for completing siu-h contracts, and carrying on, and working all, or so many as- the Diiectois may think lit, of such Saw-milis mos-t of which are at present in hill opeialion, witli the \ie\v to trade principally in sawn and diessed wood, and for any other purposes mentioned in the Memorandum of A.-«&ociation that may lie requited. These contracts the Vendors lm\e, aftei negotiation^, conducted at great expense and trouble, and extending over a considerable period, been able to secure on extraordinary favourable terms, being aided thereto by the extreme competition between the numerous proprietors The documents themselves, or certified copies can be inspected at the offices of the Solicitors to the Company, in Melbourne and Auckland, together with an appioximate statement- of the purchase moneys, so far as they can be ascertained. It is impossible ab pre-ent to state these purchase moneys exactly for various reasons, such as that the purchases include large stocks of timber of yet undetermined quantities; in some instances the purchases are goincr businesses, and some of the contracts aie for the future supply ot timber to be paid for at specified rates. The Vendors to the Company are— ISies&rs (ieorge Holdship, Harvey Patterson, John Sharp, William Smith, George Napier Turner, William Harper, John Moodie. Geoige Lush, Ceoige Shaw 5 , Robb. J. Harvey, George Hay Mann, Matthew Lang, Matthew Hemy Davies, Edwin C. Elliott, John H. Patterson, Alexander Fraserlloss Michael Willis Ferguscon, "David Blair, Charles F. Orr, and Thomas Christian ; and the following are the principal coneernb which they have acquired, \i/. :— AUCKLAND TIMBER COMPANY, LIMITED, including this, Company* Mills at Sydney, Auckland, Port Charles, Whangaioa, _ Mongonui, and Kennedy's Bay, wibh rights to Forest- and Tieeholcl jumde. m the immediate neighbourhood. The .Sydney properby has an area of about h\e acres, with a valuable frontage to Sydney Harbour, the Mill and Site being valued at the present time at" £40,000. The Auckland Mill Site has also a large Water Frontage of greatly incieasing value, and the Mill is most complete and extensive, and i-> \aluccl at WO,OOO. The i Kauri Timber Company is to take over with these Pioperties the t-tcamein j "Terror,'' "Yankee Doodle,"' and " Hokianga,'' and the schooner-, "Mariner,"' " Kauri," 1 and " Rnta," and the whole of this Company's Assets and Liabilities as a going concern. NEW ZEALAND TIMBEII COMPANY, LIMITED, including Mills at Auckland, Whangapoua (two mills), and Freeman":* Bay, with Freeholds including Lands to be aurifeious. The Cutters "Fanny,"' "Nellie," "Gipsy," and the Barges "Piogtess"' and " Waitemata," and several Punts, Boat?, etc., aie taken over by the Company. On the piopeity there are three miles of Tramway, with three Locomotives H\ c Trucks, and Geai\ The Town Leaseholds have valuable Frontages to tho Main Streets. This Propeity is to be taken as a going concern fiom the 31st December last. UNION STEAM SAW, MOULDING, SASH AND DOOR COMPANY, LIMITED, including large and \aluable Mills ab Mechanics' Bay, Auckland, Aratapu, and Tahui, excepting only the premises in Melbourne. The Aratapu Property has valuable Berthing Accommodation, and all conveniences for shipping. A very large stock of timber is included, and to be taken at valuation. Various business contracts ■will also pass to the purchasers. The vending company pays all outgoings" to 31sb May, ISSS. KOPURU SAW MILL COMPANY (Dr. Campbell), Northern Wairoa Rivei, Kaipara, including over 4,000 acres Freehold and 40,000 acies Leasehold Lands, with all water rights. Stock of timber to be taken on specified terms and vessels, etc. , at valuation. MERCURY BAY SAW MILL COMPANY, MERCURY BAY. This property has wharfage accommodation capable of berthing thiee a essels at ■ once. The Freehold and Leasehold Lands and all other A.ssets to be taken over with Liabilities as a going concern. MESSRS. DAVID BLAIR & SON, of Hikutaia, Thames River, and Market Street, Melbourne, with Forests, Freehold and Leasehold Lands, Wharves, and Booms, and their Kauri Timber and other New Zealand buciness as a going concern, without any charge for goodwill. This purchase includes the Barques " Grassmere " and " Killarncy,"' with several Boats, Punts, and Rafting-gear, bub not Mr. David Blah's business in timbcis not imported from New Zealand. Messrs. Blair and Son are bound by their agreement nob to engage in business connected with Kauri, or other New Zealaud Timber for ten years. ►SUORTLAND MILL (Messrs Stone and White). Mills at Auckland and Shortland. Business as a going concern. The Auckland Mill has good Water Frontage. There are over 29,000 acres of Leasehold Lands in this property. MESSRS JAGGER & PARKER. Mills at Whananaki and Oiiwa and Forests at Makarau and Kaukapakapa. A Tramway is laid from the Bush to the Whananaki Mill. MESSRS SHAPPE & ANSENNE, Mercury Bay. The Mill Site has good wharf accommodation for two vessels drawing 8 feet of water. There is also a Tramway, with Steel Rails, laid into tho Bush, with Engine, Trucks, etc., for hauling ; and the necessary Dams, Booms, etc., for working the Bush. The whole is taken as a going concern. MR. PIERCE LANIGAN, NGUNGURU. Including about 4000 acres of Freehold, and 6830 acres of Leasehold Lands. Vessels and stock of timber to be taken at a valuation. ONEHUNGA SAW MILL, WAITAKEREI (Mr. F. l\ Clarke). The Mill is situated ab Onehunga, on the Manukau Harbour, well suited for the West Coast trade. The forest is about 20 miles from Auckland, and timber can be delivered irom the Mill to the Waitakerei Station of the Kaipara Railway, and thus at same cost at Helensville, Auckland, and Onehunga. MR. JOHN AVIGMORE, WHANGAROA. Wibh over 1300 acres of Freehold Land. Stock of timber to be taken at specified rates. HE-LENS VILLE TIMBER COMPANY, LIMITED. This Mill is on the bank of the Ivaipai'a River, ab Helen&ville. There are also Retail Yards ab Mount Eden Railway Station, and at Christchurch, N.Z., and Railway-siding from the Mill to Auckland and Helensville Railway. Sbock to be taken at valuation. HOKIANGA SAW MILL COMPANY, LIMITED, including wharf 440 feet long, capable of berthing three vessels. MESSRS. WHITELAW & DAY. Sawmill afc Hikurangi, Whangaroi. There is three-quarters of a mile of Tramway on this properby. Mil. HENRY BRETT. Over 4000 acres Freehold Land, with Tramways, etc. PORT FITZROY TIMBER COMPANY, GREAT BARRIER ISLAND. Including nearly 6,000 acres of Freehold Land. Several creeks discharge into Fitzroy Harbour on West Coast of the Island, thus providing cheap transporb for logs from the bush to the Mill. MESSRS. BRADLEY & MANDER, KAIWAKA. There is a Tramway laid down from Bush to bring oufc logs. Several business contraebs are also to be assigned to the Company. Stocks to be taken afc specified rates. MESSRS. W. B. JACKSON & CO. LIMITED, PUPUKE. Freehold Lands and Bush. MR. W. B. JACKSON, PUPUKE. Freehold Land and Bush. '
Application forms may be obtained at t,
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Te Aroha News, Volume VI, Issue 283, 21 July 1888, Page 3
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1,456Page 3 Advertisements Column 1 Te Aroha News, Volume VI, Issue 283, 21 July 1888, Page 3
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