Page 3 Advertisements Column 1

Temuka Leader, Issue 269, 29 June 1880, Page 3

Prospectus 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 apt lication, five shillings pe share on allotment, and the balanc" in calW of ten shillings per share a 1 intervals 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 the Promoter (James Bruce) Provisional Directors ; Turnbull, Esq, M.H.R, Timaru, J. Reid, Esq., Merchant, Auckland, (?. Stumbles, Esq , Contractor, Timaru P. Macintyre, Esq., M.D., Timaru J. limmer, Merchant Wellington. £ Captain J. Hputjw. Mayor of Timaru W. H. Hargr|ayfsilE>q., Mercliant Christ church, LJ 4 I Naylor HillttfL Esq., 0.E., Waimate, James Kingrßfeq., Faimer, Timaru, Robert Wrod, Jfaq., Miller, Timaru, Donald MacleanAEsq., Stock Agent, Timarnf J Alex. SinJjairjJEsq., Builder, Timaru, James ShearsfEeq., Brick Manufactuier, Timaru, Alex. Wilson, Esq., Land Broker, Temukn John McGregor, Esq., C.E., Dunedin, J. L. Morris, Esq., Merchant, Pleasant Point. Valuators of Mai hjkkuy and Plant James Gray, Esq., (Me.srs R‘ id and Gray) Dunedin, Charles McQueen, Esq., (Messrs Kincain and McQueen ), Dunedin, Valuators of Land and Buildings : Thomas Roberts, Esq., C.E., Timaru, M. de H. Duvil, Esq., An hitect, Timaru. Valuators of S hipping : Captain J. H. Sutter, Timaru, Captain Mills, Harbor Master, Timaru. Solicitors ; Messrs Reid and Knubley, Timaru, Bankers. Bank of New Zealand. Brokers : -Messrs Maclean and Stewart, Timaru.

ThisCompanyisprojected with a view of acquiring by purchase, and thereafter carrying on the Business of the Promoter (James Bruce) in the manufacturing of Flour, Oatmeal and Pearl Barley. Also, for the purpose, of importing from his ( forest in the North Island, Timber of the best description, and preparing the same for market in every available form. Included in the above will be the well-known brigantine Nightingale, and about_ 1600 acres of Freehold 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 the Company at the amount as fixed by the Valuers appointed. Stock will be taken on whatever date the Company take possession, and debts due will he transferred on the same date Mr Bruce guaranteeing the same all good to the Company The Flour, Oatmeal, and Pearl Barley Mills will compare favorably with any works of the kind in the Australian Coloires (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 ton of Pearl Barley; and {that in the Sawmills (including leaning and Moulding) is equal to an out-put of 10,000 superficial feet of marketable Timber per day. The Timbei Business is already extensive, and increasing. The Freehold Bush Land, in the District of. Auckland, belonging to the Promoter, is roughly estimated as yielding at from ten o fifteen years’, supply of first-class Kaur* and Bed Pine Timber. Vessels of 400 tons bnrden can load with perfect safety all the year round, in close proximity to the Bush, and ■ have quick despatch. The important advantages in favor of shareholders in this Company are 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 b usiness connection. The’e h.no waiting for the erection of buildings and machinery, or the preparation of plant in the present i instance ; neither are the financial interest of shareholders subject to the uncertainties, risks, and delays incidental to the establishment of a hew and vntricd business. In all these respects everything is complete and in full v orking order—the returns-being 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 produce ; to bakers and others, in providing a flour of acknowleoged superior qua ily Ample testimony can be had as to the genuine quality of the products, wherever these have been introduced throughout ihe Colonies. Timaru being the centre for South Canterbury, the largest grain producing distrh t in New Zealand, and a Port for shipping, with the harbor improvements now being carried out, it is in the best position possible for offering its bread stuffs to the markets of the world, which show that there is ample scope for such a magnificent concern as the Flour Mils are. The central position of the Mills, and their immediate proximity to Grey street, the Groat North Road, and to the Main Line of Railway, with which latter they are directly connected by extensive sidings oh two sides, gve special advantages for economically working the concern, enabling customers in and out of town to obtain i their goods with dispatch and without any extra handling or cartage, j ' The Business that the Promoter now offers has been worked by him up to its present dimensions and position during the last fourteen years with much success but in order to keep pace with the grow .. ing requirements of the colony, he finds a large capital is required to more fu y develope the trade he has established ; n Timaru Mr Bruc<- will denlify himself witli. the Management, and retain one-fourth of the capital of the Company, thqs showing his