Page 3 Advertisements Column 2

Temuka Leader, Issue 272, 22 July 1880, Page 3

Fvhlic Isvtijicatio'iis • t T)ROSPECTUS OP THE TIAIARI X GRAIN, FLOUR AND SAV 11 mills company, limitel capital lso,ooo In 10,000 Shares of L 5 Each, ' Payable as follows Five shillings pe share oh application, five shillings pe share oh allotment, and the balanc 3 in calls of ten shillings per share a 5 intervals of not less than thre months ; thus extending the tota paj'ment over a period of two year and three months from the date o allotment. ,00 Fully Paid-up Shares will be Re tained by the Promote r (James Bruce) | r«cvjs:o>yix IfiIFCTCRt- ; Turnbull, Esq , M.H.R , Timarn, i J. Reid, Esq., Merchant, Auckland, 5 (?. Stumbles, Esq , Contractor', Timaru ; P. Maclntyre,.Esq., M.D., Timaru [ J. limmer, Esq., (senr.) Ale reliant Weilingtoti. Captain J. H Sutter. Mayor of Timaru ; W. H. Hargreaves, Esq., Merchant Christ church, , Naylor Hiiiary, Esq., 0.E., Waimate, James King, Esq., Fatmer, Timaru, Robert Wood, Esq., Miller, Timaru, DouaM Maclean, Esq., Stock Agent,- Timarn, Alex. Sinclair Esq., Builder, Timaru, James Shears, Es q., Brick Manufacturer, Timaru, Alex. Wilson, Esq., Land Broker, TeAymika JnlnnMcGrcgur, Esq., 0.E.,' Dunedin, J. L- XLorris, Esq., Merchant,.-Pleasant - Poiiffe ■ .jf VaLUATORS&OF AfAtimNRKTjfAND PLANT James Gray, Ekp, (Messrss&eid and Gray) Dunedin, \ j/ Char es (Messrs Kincain and n, . , Valuators of Buildings Thomas Roberts, E^p^C.E.. Timaru, AL deH. Dnv.d, EsJ. ANa-hid'cl, Timaru. of Shipping : • Captain J. H. Sutler, Timarn, Captain Alills, Ha|bor AlasUTyTimaxu. Solicitors ; Alessrs Reid and Kuubley, Timaru. ' Bank of New Zealand. Brokers : Messrs Alaclean 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, 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. Fur the acquirement of which business and property, the Directors have mitered into an agreement with Air ‘Bruce, that the same be taken over by th • Company at the amount as fixed by the ■Vainers'.appointed. Stock will be taken on whatever date the Company take possession, and debts j due will be transferred on the same date I Air 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 Alonlding) is 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 yielding at from ten o fift tn years’ supply of first-class Kauran 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 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 '.diking order—the returns being with the date of entry. - ■The following specialities in connection w ith the Industries may be mentioned, ,vz. : That the Flour Aldl department at once supplies a much-fell want in the district amongst all clashes of the community To the farmer it is a boon, as it provid s a good ready local market .for farm ] reduce ; to bakers and others, in providing a flour of acknowledged superior quaky Ample testimony can be had as to the genuine quality of the products, wherever these have been introduced throughout he Colonies. Timaru being the centre -or jSnuth Canterbury, the largest grain producing di.-td t in New Zealand, and a Port for shipping, with the harbor improvements now being carried out, it. is in the best-posi'.ion possible for offering its bread stuffs to the markets of the world, which show that there is ample scope £< r such a magnificent concern as the Flour Mil’s are. The central position of the Alills, and their immediate proximity to Grey street, the Gr at North Road, and to the Alain Line of Railway, with which latter they are directly connected by extensive sidings on two sides, gve speejal advantages for ■•fononiically working the concern, enabl* ii g"easterners in ->nd nit of town to obtain their, .goods with dispatch and without any extra handling or cartage. The Business that the ■Promoter now offers lias been worked by him up to its present dimensions and position <lnring the last fourteen years with much success but in order to keep pace with the grow 1 ing r> qiiireme rs of the colony, he finds a large capital is required to more fully ! develops the trade he has established ip Tjmarq