Page 3 Advertisements Column 1

Temuka Leader, Issue 269, 26 June 1880, Page 3

►KOSPEOTUS 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 application, five shillings pe ''share on allotment, and the balanc in calls of ten shillings per share a* iatervals of not less than three months ; thus extending the total payment over a period of two years and three months from the date of allotment. 00 Fully Paid-up .Shares will be Retained by tiie Promoter (James Brnc) Provis:onal Dipbctors :' Tnrnlmll. E<q , M..H.R , T marii, J. Reid, E*q.,-Merehaut, Au'khmd, C. Stumbles, Es-q , Contractor, Timaru P. Macintyre, E-q.-, M.D... Tiaiani J. limmer, Esq , (s«'nr) Merchant Wellington, j Captain J. H SutterjMavor of Timaru W. H. Hargmives, ft- q., Mjtfchant Christ 'church,•.>** I ..^" Alex. Sinclair Builder, Timaru, "Ja—es> Shears, Ej-qt, Brick al aim Tact uier, Tii uar n. Alex. Wilson, Esq., Land Bn.ker, Temuka ' J«hn McGregor, Esq., CE. Dunedin, J. L. Minis, Esq., Merchant, Peasant , Point. ; VAirz-jtuscr Maiuim j;y and Plant James Gray, Esq., (Messrs R- id and Gray) Dunedin,' ' . Char ts McQueen, Esq.,' (Messrs Kincain and McQueen), Dunedin, Valuators or Land and Buildings : Thoriins Roberts, Esq., 0.E., Timaru, M. do H. Duv*l, Esq., Architect, Tiuiaru. Valuators of fc hipping : Captain J. H. Sutter, Timaru, Captain Mill*, Harbor-Master, Timaru. Solicitors ; Messrs Reid and Kuubley, Tiniaru. . Bankers. Bank of New Zealand. • Brokers. : Messrs Mat-lean and Stewart, Timaru.

This Company is projected with a view of acquiring by purchase, awl thereafter carrying on- the Business of the Promoter (J-mes Bruce) in the manufacturing of Flour, Oatmeal and Pearl Barley. Also, for th» purpose of importing from liia i forest In the North Island, Timber of the ht*t description, and preparing the same for market in every a- ailable form. Included in the above will be ihe well-kno%v»* brifiant'ne Nightingale, and n«res of Freel old Kauri Bush Land in the North- Island. For the acquirement of which business and property, the Directors have entered into an agreement with Mr Bruce, that the /same be taken over by th~ Company »t the amount ae fixed by the Valuers appointed. Stock will be taken on whatever date the Company take possession, and debts due will be transferred on the same date Mr Bruce guaranteeing the fame all good to the Company The Flour, Oatmeal, and Pearl Barley Mill* will compare favorably with any wort s of the kind In the Australian Colonies (vide report of .Valuators attach- d). The machinery is capable of preparing for the market about 20 tons and 1 ton of .Pearl Barley ; and that in the Sawmills (including Planing arid Moulding) i« equal to an out-put of 10,000 supeifncial feet of marketable Timber p<r i'ay. The Timbet J'uMiiess is already extrusive, arid increasing. The Freehold Bush Land, in th« District of Auckland, belonging to the Promoter, is roughly es- -■ tiinated aa: yie'ding at from ten o fifteen \ftLTf' Mipply of firs*-class Knur 5 and Bed Pine Timber. Vesvels of 400 tonsgbnrden can load with perfect safety all the year round, in elose proximity to the Bush, and have quick despatch. The important advantages in favor of shareholders in this Company am ap parent and manifold. They enter directly with a knowledge of the full cost and liability, into a large undertaking, in full operation, upon "a fixed date, with a complete and first-class plant in each department, • a staff of experienced workmen, and an established good going business connection. Tlwe is *o waiting for the erection of buildings and machinery, or the preparation of plant in the present instance ; neither are the financial interest of shareholders Biibject to the uncertainties, risks, and delays incidental to the establishment of a new and vntried business. In all these respects everything is complete and in full v orking order—the retnrna-beiug 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 provid h a good ready local market for' farm i roduce ; to'bnkers and others, in providing a flour of acknowledged superior qua ity Ample -testimony 'can he had as to the " genuine quality of the products, wherever these hate been introduced throughout Jhe Golonies. Timaru being the centre for South Canterbury, the largest grain .producing district in New Zealand, and a Port for ahipping. with the harbor improvements now being earned out, it is in the best position possible f<>r offering its bread •tuffs,to.the markets of the world, which show that there is ample scope for such a magnificent concern as the Flour Mil's are. The central position of the Mills, and their immediate proximity to Grey street, the Great North Road, and to the Main , Line of Bailway, wilh which latter they are'directly connected by extensive, sidings on two sides, gve special advantages for economically working the concern, enabling customers in «nd out of town to obtain their goods with dispatch and without any extra handling or cartage. The Business that the Promoter now offers has been worked I>j him. np to its present dimensions and position during the last fourteen years with much success hut in order to keep pace with the grow ing r- quiremfi rs of Hie colony, lie finds a laree "capi al is roqc.iied to more fu y s d<we3ope the trade he lias established ; n Timaru Mr Bruce will identify himself with thr Management, and retain-one-fourth of tht o:.ritalof the ' ompnny, thus showing ii:--