Page 3 Advertisements Column 2

Te Aroha News, Volume VI, Issue 283, 21 July 1888, Page 3

MR. L\ T. DUFAUIt, SOLICJTOU, AUCKLAND. About 2,260 acies Fieehold Land and Bush. \VIL\XG\KOA RANTING COMPANY, WHANGAROA. ) The Kauri WHANGAROA SAW-MILL COMPANY, WHAXGAKOA. \ Timber Company aoquhca the whole of the shares in these companies MR. WILLIAM MKIKLE, MEKCURY BAY. Including about 1,800 acre,-? Leasehold Land and Bush. MR. JOHN TROUNSON. Freehold Lands and Bush. Besides the foregoing, the Company acquiic Contracts made with the following Companies and persons, lor the Pale of timber on their properties to be Cut and Supplied at specified rates per 100 feet, vi/. :—: — MESSRS LANE v\i> BROWN, WUANGAiLOA. Including tho right on stated teims to prohibit them from Selling Land and Timber for ti\e years. KAIHU VALLKY RAILWAY CO., LIMITED. Under this contiact. Advances arc 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 -ecvuiby being ghen ovci fche Lands selected b;y the Railway Company under their agreement with the Crown, and on completion of the 2nd Section, a further sum of £10,000 on the same terms, provision beiuy made for a proportionate > eduction of the mortgage moneys out of any salcb of Land by the Railway Company. Mil JAMES CHRISTIE. Contract Lo Supply Timber, per 100 feet. MESSRS J-lAKE BROTHERS. MESSRS DRINNAN BROTHERS. MESSRS COATJiS AND KENDALL, KAIWAKA.,, MR PATRICK SHANAHAN | MR R, C. SMITH. I In addition to the foregoing, theieaio t-u\<±ial smaller purcha-e-- of the Vendors, of winch particular aie not yet to hand, all oi winch the Company will take over. The follow hid is a short nummary of the Propci tie 1 . abo\ c specified, and their \ allies, a& estimated by the vendois, vi/. : — About 1,563,000,000 feet (as mo^t carefully et-timalcd by competent experts) of S PLENDID X AU Rl Ti M B BR , which at a low valuation of ono shilling per 100 feet, amounts to, .viy .. .., . . . £701,500 2Q MILLS in full working order, together with Booms, I Dam", Tramways and Rolling Stock, Cattle, Horses, and all Water Rierhl=> and Appurtenances, valued at, I «ay . £400,000 STOCKS OF TIMBER, ready orncailv, icady formaiket, say . . . . . £217,000 £1^398,500 This valuation is cxclu-shc of any estimate for the undermentioned Lands, apart from the Timber, vi/. : — 146,000 ACRES FREEHOLD, j AND 257,000 ACRES LEASEHOLD LAND, having I varioiH terms up to 60 years to run, which can be converted into Fieehold on payment of a, small sum per acic. Neither is any estimate included in respect of laige Gum Deposits to be found on the lands which the company will acquiiu, and from which a ; considerable le venue is expected. Nor for the large quantities of Kalukatea (White Pine), Rimu, and Totara timbers, dense forests of which occupy pait of the lands the Company is to acquire, and which aio of great value. Part of the property acquired from the NEW ZEALAND TIMBER COMPANY LIMITED comprises some 26,476 ACRES OF PREKIIOLD, which has a frontage of 8^ miles to the COROM ANDEL GOLDLIELD, and it is generally believed that large and payable gold and silver deposits aie to be found thereon. The company will also bo entitled to all or any contracts made by the Vendors, not specih'ed 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 shaics ; and the Company is to take the position of the Vendors under the contracts, to recoup them such part of the purchasemoney as has already been paid, to provide for payment of the balance, take the legal transfers, etc , and generally carry out bhe contracts, including certain obligations of the various concerns according bo the terms of bho conbraebs, bub the Vendors are to receive all discounts to be allowed thereunder for prompt payment. The Directors are in a position bo secure the services for a definite period, ab remuneration to be fixed, 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 conbrol of the whole of the properties, the Directors confidently anticipate increasingly satisfacbory dividends^ and the Vendors guarantee the first four yearly dividends ab the rate ot ten per cent, per annum, either personally or by the guarantee of a Guarantee Company. j The h'rst annual meeting to declare dividends will be held in October, j 1889. The Annual Expoit of Kauri Timber from Now Zealand, according to bhe latest statistics, 'ib estimated by bhe A^ondors as follows, vi/. :— 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 feet. The Annual Consumption in New Zealand and bhe 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 confidenb that the Company will not only be able to do business to this extent, but that year by year, as bhe appreciation and demand for kauri increases, a larger business may be expected. Taking, however, the full extent of bhe Company's business to be annually, as above, the profits, after making all necessary deductions for Sinking Fund, ebc, are estimated ab much more than amply sufficient to pay the guaranbeed dividend. The only charges to be borne by the Company, beyond the expenses of completing the contracts, arc the usual ehargos for bvokovago, advertising, and other preliminary expenses. , The Memorandum and Articles of Association, wibh 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

fie branches cvntl agencies pf the BanU of New Zealand, ivho are authorised lo receive applications and to give receipts on behalf of the Company,