Page 3 Advertisements Column 2

Temuka Leader, Issue 269, 8 July 1880, Page 3

Public Notifications' ~)ROSPECTUS OF THE TIMARU GRAIN, FLOUR AND S.\WMIJLLS COMPANY, LIMITED. CAPITAL 'L50,000 In 10,000 Shares of L 5 Each, Payable as follows : —Five shillings pe share" on application, five shillings pe v share on allotment, and the balanc 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 nnd three months from the date of allotment. 00 Fully Paid-up Sharps will be Retained by the Promoter (Jnmes Bruce) Provisional Directors : Turnbull, Esq , M.H.R., Timaru, J. Reid, Auckland, r. Stumblef, |?sq. Contractor, Titnaru d ™„„;„«.,i aa/ft xt X) . ■ Timaru L) Merchant Wel- \\. H. Hnrjreaves, E-q., Merchant Christ church; Nayfor Hillary, Esq.,,C.E;, Wnimate, James. King, Esq., Faimer, Timaru, Robert Wood, Esq.-, Miller, Timaru, . Donald Mac'can, Esq., Stock Agent, TiiiVar". . Alex. Sinclair. Esq., Builder, TJMani, Ja—es Shears, Esq., Brick Maiiufactuier, Timaru, Alex. Wilson, ; Esq., Land Broker, Teinukii... ; John McGregor, Esq., C.E., Dunedin, J. L. Morris, Esq., Merchant, Pieasant Point. _ Valuators of Machinery and Plant James Gray, Esq., (Messrs Reid and Gray) Dunedin, Charles McQueen, Esq., (Messrs Kincain - • and McQueen,}, Dunedin, ' Valuators of Lani> ahd Buildings : Thomas Roberts, Esq., C.E., Timaru, M. de H. Duvil, Esq., Architect, Timaru. Valuators of Shipping : Captain J. H. Sutter, Timarii, Captain Mills, Harbor Master, Timaru. ..Solicitors; < Messrs Reid and Knubley, Timaru. Bankers. ! Bank of New Zealand, Brokers : ''..-„., Messrs;Mfccieaa and Stewart, Timaru,

This with a view of »cqtiirin^by i Tpnrel&ii«e, and thereafter carrying onjtlie jWmessT>f the Promoter {James 1 Bnfcfe)iu the manufacturing of iFlour, Pearl Barley. Also, for the purpbße\of importing.. from his forest in the North, Island, Timber of the best description, .arni preparing the same for market in every available forhi. ' Included in the above Vill-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 <»nd property, the Directors have entered into an agreement with Mr Bruce, that the same be taken over.by th« Company ait the amount as fixed by the Valuers appointed. Stock will be taken on whatever date the Company take possesion, and debt* due will be trat.sferred on the same date Mr Bruce guaranteeing ther&ime 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 (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 'Planintr; and Moulding) kequil to an out-put of 10,000 snperfiicial feet of marketable Timber per 1 day. The Timber Husiness 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 fi ft tr years' Mipply of first-class Kaunnn Red 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 favo* 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 operntion, 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. There is no waiting for the erection of buildings and machinery, or the preparation of plant in the present instance ; neither are the financial interest ' of shareholders subject 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 vorking order—the . returns beit-g with the date of entry. The following specialities in connection with the Industries may be mentioned, vz. ; That the Flour Mill department at ouce 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 acknowledged superior qua ity Ample testimony can be . had as to the genuine quality of the products, wherever these ha>e been introduced throughout ihe Colonies. . Timarii being the centre for South Canterbury, the largest grain ?rodncing dl*tri< t in New Zealand, and a 'ort for shipping, with the harbor improvements how being carried out, it is in the best position possible for offering its bread stuffs to the markets of the world, which show that thore is ample scope for such a magnificent concern ns the Flour Mil!s aro. The central position of the Mills, and their immediate proximity to Grey street, th» Groat North Road, and to the Main !Line of Railway, with which latter they 'are directly connected by extensive sidings on two sides, gve 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 or cartage. The Business that the promoter now offers has been worked by him up, to its present dimensiona and position during the last fourteen yesrs with much success but in order to keerffpace with the grow ingrequireiiie'us of-the? colony, he finds a large capital is required- to more fully develope the trade he in Tiiriaru ''-■ -'"*-■