Page 3 Advertisements Column 2

Temuka Leader, Issue 269, 13 July 1880, Page 3

Public Notification’ T>ROSPECTUS OF THE TIMARU JT GRAIN, flour AND SAWMILLS COMPANY, LIMITED. CAPITAL .... .... L 50,000 , in 10,000 .Shares of L 5 Each, Payable as follows :—Five shillings pe kli ;tre ou application, five shillings pe share on allotment, and the bahmc 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 Fully Paid-up Shares will he Retained by the Promoter (James Bruce) Provisional Directors ; Turnbull, Esq , M.H.R., Timaru, J. Reid,'Esq., Merchant, Auckland, G. Stumbles, Esq , Contractor, Timaru P. Macinfyre, Esq., M.D., Timaru J. banner, Esq., (senr.) Merchant Wellington. Captain-J. H Sutter, Mayor of Timaru W. H. Hargreaves, Esq., Merchant Christ church, Naylor Hillary, Esq., C.E., Waimate, James King, Esq., Fanner, Timaru, Robert Wood, Esq., Miller, Timaru, Donald Maclean, Esq., Stock Agent, Timarn, Alex. Sinclair. Esq., Builder, Timaru, Ja-'ies Shears, Esq., Brick Manufacturer, Tin: am, Alex. Wilson, Esq., Land Broker, Tenmka ; John McGregor, Esq., C.E., Dunedin, J. L. Moifis, |Esq. : ,- Merchant, Pleasant Point. ;h£nrky anu Plant ilessrg Reid and Gray) Valuator! ol M James Gva’ , E|q., Dimed n, g j Chares Me E|q., (Messrs Kincain and M Queen), Duned ti, Valuators op Land and Buildings Thomas Roberts, Esq., C.E.. Timaru, M. de H. Duv il, Esq. Architect, Timaru Valuators op Shipping : 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, TimaruThis 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, 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 Yaluers 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 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 (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 Planing and Moulding) is equal to an 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 roughly estimated as yielding at from ten o fi ft tn years’ supply of first-class Kaur>‘an Red Pine Timber. 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 arc 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 *plaut 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 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 acknowledged superior qua ily Ample testimony can be had as to the genuine quality of the products, wherever these been introduced throughout die Colonies. Timaru being the centre for South Canterbury, the largest 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 staffs to the, markets of the world, which §how that there is ample scope for such a imagnificent concern us the Flour Mills are. The central position of the IVfilla, and their immediate proximity to Grey street, tho Great North Road, and to the Main Line of Railway, witß which latter they are directly connected by extensive sidings on two sides, gve special advantages for economically working the concern, enabling in and ont of town to obtain ' their goods witli dispatch and without any extra handling or cartage. Tj'ho 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 folly develope the trade he has established in Timaru