Page 3 Advertisements Column 2

Temuka Leader, Issue 269, 10 July 1880, Page 3

Pw blic Notifications' PROSPECTUS' Otf THE TIMARU GRAIN;, FLOUR AND SAWMILLS' COMPANY, LIMITED. CAPITAL L 50,000 in 10,000 Shares of L 5 Each, Payable as follows :—Five shillings share ou application, five shillings pe" share on allotment, and the balanc y 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 three months from the date of allotment. 00 Pully Paid-up Shares will be Re- ; ;)tained by the Promoter (James Bruce) ; Provisional Directors : * Turnbull, Eaq , AfeH-R., Timaru, J. Reid, Esq., Slefebafot, Auckland, (?. Stumbles, Efeq , Contactor, Timaru P. Macintyre, Esq., MJB., Timavu J. liminer, Merchant Wellington. I Captain J. HJSutter, Mayor of Timaru VV. H. Hargreaves, Esq., Merchant Christ church, Naylor Hillary, Esq., 0.E., Waimate, James King, Esq., Fanner, Timaru, Robert Wood, Esq., Miller; Timaru, Donald Maclean, Esq., Stock Agent, Timarn, . Alex. Sinclair. Esq., Builder, Timaru, Shears, Esq., Brick Manufacturer, Timaru; - ; Alex. Wilson, Esq., Land Broker, Tetnukii John McGregor, Esq., C.E., Dunedin, J. L. Morris, Esq., Merchant, Pleasant Point. "Valuators op Machinery and Plant James Gray, Esq., (Messrs Reid and Gray) Dunedin, Char'es McQueen, Esq., (Messrs Kincain and McQueen,), Dunedin, Valuators of Land and Buildings : Thomas Roberts, Esq., C.E., Timnru, • M. de 11. DuviL. Esq., Architect, Timaru. Valuators of Shipping : Captain J. H. Sutter, Timaru, Captain Mills, Harbor Master, Timaru. Solicitors ; Messrs Reid and Knubley, Timaru. Bankers. Bank of Istew Zealand. ■ Brokers : Messrs Maclean and Stewart, Timaru.

This Company is projected with a view of acquiring by purchase, and thereafter carrying on the Business of the Promoter (Jiimes 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 a"ailable form. Included in the above will be the well-known brigantine Nightingale, and about 1600 acres 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 tlr; Company at the amount as fixed by the Valuers appointed. Stock will be taken on whatever date the Company take possession, and dfbts due will be transferred on the same date Mr Bruce guaranteeing the same all good to the Company The Flour, Qatmeal, 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 of Pearl Barley ; and that in the Sawmills (including Planing and Moulding) is. equal to au out-put of 10,000 superfiicial 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 roughl3' estimated as yielding at from ten o fift cr years' supply of first-class Kauran Red Pine Timber. Vessels of 400 tons bnrden can load with perfect safety all the year round, in close proximity tothe 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 business connection. There is no waiting for the erection of buildings and machinery, or the preparation of -plant in the present instance; neither ars the financial interest of- shareholder stfbject to * tlie uncertainties, risks, said delays incidental to the establishment of a new and vntried business:. •In all these inspects everything is complete and in full. working order—the returns beiug with the date of entry. The following specialities in connection with the Industries may be mentioned, vz. : ; !Th'at the Flour Mill department at once supplies a much-felt want in the district amongst all classes of tjre community Tdthe 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 quaiiy !Ample tegtinibny cah : Be had aS' to * the genuine quality of the products, wherever these ha\e been introduced throughout jhe Colonies. Timaru being the centre 'for South Canterbury, ; ,ihe Jtargest grain producing district 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 16? J siich? :a iaagmficent'cSngern as the Flbdr Mills' are. . The central, position of, the Mills, and ! their immediate proximity to Grey street, the Great 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 t customers in. and'-mt of town to obtain their good's with dispatch ana! without any extra handling or cartage. The Business that the Promoter .now offers has beeii worked by him up to its present, dimensions and position during the last fourteen years with much success I but.in order to keep pace with the grow [ ing requirements of the colony,, he finds alargecapitalis required to more fully develope the trade he has established in Timaru -..•'■