Page 3 Advertisements Column 1

Temuka Leader, Issue 269, 3 July 1880, Page 3

Public Notifications' Prospectus of the timaru GRAIN, FLOUR AND S WMILLS COMPANY, LIMITED. CAPITAL ... ... L 50,000 lu 10,000 Shareaof Ls.Ench, Payable as follows :—Five shillings pe share on application, five shillings pe share on allotment, and the balance in calls of ten shillings per share at intervals of not less than three ■months ; thus extending the total payment over a period of two years and throe months from the date of N Tallotment. 00 Fully Pald-np Shares will be Be- ■ tained by the Promoter (James Bruce) Provisional Dikectors : Turnbull, Esq., M.H.R., Timaru, J. Reid, Enq., Merchant, Auckland, O. Stumbles, Esq , Contractor, Timaru P. Maclntyre, Esq., M.D., Timaru J. iimmer, Esq., (senr.) Merchant Wellington. ■ OaptainJ. H Sutter, Mayor of Timaru W. H. Hargreaves, Esq., Merchant Christ church, Naylor Hillary, Esq., C. 8., Walmate, James King, Esq., Faimer, Timaru, Robert Wood, Esq., Miller, Timaru, DonaldMkfllesn/ajpq-i Stock Agent, Tiniaru, Alex. Siw alr|Esq. Jvm Slx irsj~ Timai u Alex. WJ on, make John McOtegor, Esq., 0.E., Dunedin, J. L. Mortis, £eq., Merchant, Pleasant Point’ VALUATOR* Of MaCBIKBBT AMD PLANT James Gray, Esq., (Messrs Reid and Gray) Dunedin, . Charles McQueen, Esq., (Messrs Ktociiin and McQueenJ, Dunedin, Valuators of Land axd Buildings: Thomas Roberta, Esq., CJS., TimSru, M. de H. Duval, Esq., Architect, Timaru. Valuators of Shipping ; Captain J. H: Sutter, Thnaru, Captain Mills, Harbor Master, Timaru. Soucrroßs; Messrs Reid and Knubley, Timaru. Bankers. Bank of New Zealand. V Brokers: Guilder, Timarn, 3riok Manufacturer, Land Broker, TeMessrs Maclean and Stewart, Timaru. This Company is projected with a view of acquiring by purchase, and thereafter carrying on the Business of the Promoter (James Bruce) in the manufacturing of Flour, Oalhieal 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 N ightingale, and about 1600 acres of Fraebold Kauri Bush Land in the North -Island. For the "acquirement of which business and property* the Directors have entered into an agreement with Mr 'Bifface, that the same be taken over by the Company at the amount as fixed by the Valuers appointed. Stoc-k will.be taken on whatever date the Company take possession, and debts due Will be transferred on the same date Hr 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 Colonies Mde' 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 Planing and Moulding) la equal to an out-put of 10,000 snperfiicial feet of marketable Timber per day. The Timber Business is already extensive, and increasing. The Freehold Bush Land, in the District of Auckland, belonging to the Promoter, is roughly estimated as wielding at from ten o fifteen years' supply of first-class Kaunand Red Fine Tinnier. Vessels of 400 tons burden 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 tint-class plant in each department, a staff of experienced workman, and an established good going business connection. Thera is no .waiting for the erection of buildings and machinery, or the preparation of plant In the present Instance ; neither ara the financial Interest uf shareholders subject to the uncertainties, rides, and delays incidental to the establishment of a new and vntried business. In all these respects everything is complete and in full working order—the return(beirg with the date of entry. The following, specialities in connection with the Industries may be mentioned, va.: That the Jlour Hill department at once supplies a much-felt want In the dla> triet amongst all clashes of the community To the farmer it is a boon, as it provides a good ready local market for farm {induce ; to bakers and others, in providing a flour of acknowledged superior quality Ample testimony can be had as to the genuine quality of the products, wherever these hav e been introduced throughout >he Colonies. Timaru.being the centre for South Canterbury, the largest grain § reducing distri-1 in Now Zealand, and a ■ort 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 Mills are. The central position of the Mills, and their Immediate proximity to Grey street, the Great North Road, and to the Maia Line of Railway, with whidi latter they are directly connected by extensive sidings on two sides, g re special advantages for economically working the] concern* enabling customers in and out of town to obtain their goods with dispatch and without any extra handling pr cartage. 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 requireme' is of the colony, he finds a large capralls required to morefu y develops the trade he has established in Umara