Page 3 Advertisements Column 1

Temuka Leader, Issue 269, 24 June 1880, Page 3

IROSPECTUS OF THE TIMARU GRAIN, FLOUR AND. S WMILLS COMPANY, LIMITED. CAPITAL ... ... L 50,000 In 10,000 Shares of L 5 Each, Payable as follows :—Five shillings pe share on apj lication, five shillings pe e share on allotment, and the balanc in calls of ten shillings per sharo a' intervals of not less than three months ; thus extending the total payment over a period of two years arid three months from tho date of allotment. 00 Fully Paid-up Sharoa will be Retained by the Promoter (James Brucv) PROviatoxAt Directors : int, Auckland, Tinia j>t.Dlr Timaru Merchant W elCaptain JsiM Siijier. Mayor of Tiinar W. H. Hargreavfs, Esq., Merchant Christ church, .•■•IfU-.-' Naylor Hitlary,'Esq., OE., Waimate, James King, Esq., Fanner, Timaru, Robert Wood,: Esq.; Miller, Timaru, Donald Maclean, Esq., . Stock Agent, Timaru, Alex. Builder, Timaru, Jarie& Sluears]-EVqi, Brick TVlanufactuier, - Alex. W\lsqn,.. Esq.v-Land Bn.ker, mnka,John McGregor, Esq., C E., Dnnedin, J. L. Morris; Esq., Merchant, Feasant Point.,:- - Vii.WATOBS vt Maxhineky and Plant James Gray, Esq., (Messrs R<idaudGiny) Dnnedin, Char'es McQueen, E«q., (Messrs Kincain and McQueen),' Diiriedin, Valuators of Land and Buildings : Thomas Roberts, Esq., C.E., Timaru, M/'de H. Duv'l, Esq., Ar.hit<ct, Timaru. Valuators of Shipping : Captain J. H. Sutter, Timaru, Captain Mills, Harbor Master, Timaru. Solicitors; Messrs Reid an J Knubley, Timaru. Bankers. Bank of New Zcahmd.

Bkokkbs: Messrs Marleati and Stewart, Tiniani. -ATMs Company is projected with a view "of acquiring by pui chase, and then-after carrying on the Business of the Promoter (James Bruce) in the manufacturing of Flour, Oatmeal and Pearl Barley. Alan, for the purpose of importing from his i forest in the North Island, Timbpr of the best description, and preparing the same for market in every available form. Included in the above will be the well-known bripantine Nightingale, and about 1600 acres of Freel old Kauri Bush Land in the North For the acquirement of which business snd property, the Directors have entered into an agreement with Mr Bruce, that-■the.*ara<9'be- taken over by Company at the amount as fixed by the Valuers appointed. ~... ', ■,.-. , ~^s'o< ; k will be taken on whatever date ihe Company mid debt* due uilt.be tratsferred on the same date Mr Bruce guar Jiiteeihg'the Fame all good in the Company > The Flour, Oatmeal, and Pearl, Barley Mills will c<>mp>ra favorably with any. works of the kind in the Australian Colonies (vide report of ..Valuators attached). The machinery, is capable of preparing for the market about 20 tons Flour per day, with 4 tons of Oatmeal and 1 tou of 'Peurl Barley ; and Jthat in the Sawmills (including Planing and' Moulding) is equal to an'out-put of 10,000 superficial feet of marketable Timber per day. The Timber Business, is already extensive, and increasing. The Freehold Bush Land, in the District ot"l?Auckland, belonging to the Promoter, is roughly estimated as yielding at from ten to fifteen years' supply .of first-class Kaur ; and Red FifJeTimber. Vessels of 400 tousjbnrden can load with perfect safety all the year round, in close proximity to the Bush, and have quick 'despatch. ,, .:. The important ad in favor of shareholders in "this Company aro ap parent and manifold. They enter directly with a knowledge of the full cost and I liability, into a large undertaking, in" full | "I; operation, upon affixed [date, with a com- j ! plete and first-class plant in each" departmerit, a staff of experienced workmen, I'and an established-good going business Iconriection. Thesis no waiting for the si«^sai.*2 'the preparation ot instance; neither aro the financial interest > of shareholders subject to the uncertainties, risks, and delays incidental to. the establishment of a new and vrrtried business. In all these respects everything is complete and in full v, orking order—the returns-ben-g with the date of entry. The following specialities in connection with the Industries, may be mentioned, *VZ. : That the Flour: Mill department at once supplies a much-felt want in-the district amongst all classes of the community To the farmer it is a boon, as-, it provides a good ready local market for -farm i roduco ; to bakers and others/in providing a flour of acknowledged superior quaity Ample testimony can bo had as to the genuine quality of the products, wherever these have been introduced throughout Hie Colonies. Timaru being the centre for South Canterbury, the. largest grain test positionpossiblefor offeringjtsbread staffs to the markets of the world, which Jbliow that there is arapfe scope ior such a Magnificent concern as the Flour Mills central position of the Miila, and Ifig&mediate proximity to Grey street, the Great North to the Mam feineofßailway,with:which latter .they bfe-iirectly connected by extensive sidings oxides, gve special advantages for inandlpinVof town to obtain ids with dispatch and without Jlhandling or cartage. Business that the Promoter now : has been worked by him up to its t dimensions' and position during st fourteen years with much success order to keep pace with the grow re capifaris. required to morefu ; ppe tbe trade he lias established, ii ißrace will identify himself with th .lenient, and retain onr-fourth of th al'Of the Compnny, thus showing hi-