Page 3 Advertisements Column 2

Temuka Leader, Issue 274, 27 July 1880, Page 3

Pvblic Notifications' 3KOSPECTUS OF THE TIMAR' GRAIN, FLOUR AND SAT MILLS COMPANY, LIMITEL CAPITAL L 50,000 1» 10.C00 Shares of L 5 Each, Payable as follows :—Five shillings pi share on application, tfive shillings pe share on allotment, and (he balanc in calls of ten shillings per share a irafervals •of not less than thre months ; thus extending the tota payment 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 Promoter (James Bruce) T'r.<i jf:<■>'/ 1. I jit<sc::s : Turnbnll. Esq , M.H.R , Timaru, J. Reid, Esq., Merchant, -AiH<hind, 0. Srnnibles, E*q , Contractor, Timaru P. Macinlyre, Esq., M.D., Timaru J. limmer, Esq , (s'nr ) M" reliant Wellington. Captain J. H Sutter. Mayor of Timaru W. H. Hargrcaves, Esq., Merchant Christ church, Naylor Hillary, Esq., C E , Waimate, James King,'Esq., Fanner, Timaru, Robert Wood, Esq., Miller, Timaru, DoDaM MacVaiij Esq., Stock Agent, Timaru, Alex. Sinclair. E-q., Builder, Timaru, Shears, Brick Manufactuier, Timaru, Alex. Wilson, Esq.. Land Broker, Temuka . John McGregor, Esq., GE., Dunedin, J. L. Morris, Esq., Merchant, Pleasant Point. Valuators of Machinery ant) Plant James Gray, Esq., (Messrs Reid and Gray) Dunedin, Char'es McQueen, Esq., (Messrs Kincain and McQueen,), Duned.n, Valuators or L.»nd and Building's Thomas Roberts, Esq., C.E.. Timaru, M. de H. Duv il. Esq. Architect, Timaru. Valuators of Shipping : Captain J. H. Sutter. Timaru, j Captain Mills, Harbor Mast-r, Timaru. Solicitors ; Messrs Reid ana Knubley, Timaru. I Bankers. ' Bank of New Zealand. Brokkhs : , Messrs Ma> lean and Stewart, Timaru. This Company is projected with a view of acquiring by purchase, and thereafter I carrying on the Business of the Promoter (James Bine) in the manufacturing of Flour, Oatmeal and Pearl Barley. Also, for tin' purpose of importing from his forest in the Norih Island, Timber of the best description, ami preparing the same for market in every a-ailable form. Included in the above will be the well-know—-briganthe 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 in'o an' agreement with Mr Bruce, that the same be taken over by th Company at the amount as fixed by the Valuers appointed. Stock will be taken on whatever date the Company tak • possession, and debts duo will be ira- sferred on the same date Mr Bruce guaranteeing the same all good to the Company The Flour, Oatmeal, and Pearl Barley Mills will compare favorably willi 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) i« eqnd to an out-put of 10,000 superficial feet of marketable Timber per day. The Timbe: Business is already extensive, and increasing. The Freehold Bush Land, in the District of Auckland, beltoiging to the Promoter, is roughly estimated as yie'ding at from ten o lift n years' supply of tirst-class Kaurbtn Red Pine Timbei". 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 an 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 The-e is no waiting for the erection of buildings and machinery, or the preparation of plant in the present instance ; neither an- 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 hei"g 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 clashes of the community To the farmer it is a boon, as it provid s 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 ha\e been introduced throughout ;he Colonies. Timaru being the centre lor South Canterbury, the largest grain producing distri. t in New Zealand, and a P<irtfor shipping, with the harbor imprnvemei ts 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 Mil's" are. The central position of the Mills, and their immediate proximity to Grey street, the Groat North Road, and to the Main Line of Railway, with which latter they are directly connected by extensive si<lings on two sides, g ve special advantages for economically working the concern, enablirg customers in and nut of town to obtain their goods with dispatch and without any extra handling or cartage. ■ The Bushes* ' 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 r quirenie -ts of the colony, he rinds j a large capi'al is required to'more fully devclope the trade he lias established in ! Timaru