Page 3 Advertisements Column 1

Temuka Leader, Issue 277, 31 July 1880, Page 3

.-Pvblic Notifications' PROSPECTUS OF THE TIMART GRAIN, FLOUR AND S W- (; -. ~-: M IIJ L S COMPANY, LIMITED. • CAPITAL L 50,000 .--•■ lu 10,000 Shares of L 5 Each, as follows :—Five shilli: gs pe share on application, five shillings pe :" share on allotment, and the balance in. calls of ten shillings per share at ..' intervals of not less than three -, months ; thus extending tho total i " , payment over a period of two years , and three months from the date of ■* allotment. £OOFuHy Paid-up Shares will be Re- * tained by the Promoter (James Bruce) "V \ Provisional Directors : italmll, Keid, Esq., Merchant, Auckland, o\* Stumbles; Esq , Contractor, Timaru P. Macintyre, Esq., M.D., Timaru r. J. j banner, Esq , (scnr.) Merchant WelT, lington. Captain J. H Sutter, Mayor of Timaru W. H. Hargreaves, Esq., Merchant Christ church, Naylor Hillary, Esq., C.E., Waimafe, James King, Esq., Faimer, Timaru, Robert Wood, Esq., Miller, Timaru, Donald Maclean, Esq., Stock Agent, Ti- ■ mam, Alex. Sinclair. Esq., Builder, Timaru, - Shears, Esq., Brick Manufactuier, Timaru, Alex. Wilson, Esq., Land Broker, Teimika John McGregor, Esq., C.E., Dunedin, J. L. Morris, Esq., Merchant, Pleasant Point. Valuators of Machinery and Plant James Gray, Esq., (Messrs Reid and Gray) Dunedin, Char.es McQueen, Esq., (Messrs Kincain and McQueen,), Dunedin, J Valuators of Land and Build jnos Thomas Roberts, Esq., C.E., Timaru, M. de H. DnvU, Esq. Architect, Timaru. i Valuators of Shipping : ) .Captain J. H. Sutter, Timaru, Captain Mills, Harbor Master, Timaru. Solicitors ; Messrs Reid an J" Knubley, Timaru. Bankers. Bank of New Zealand. ■.'■'. Brokees : Messrs. Maclean and Stewart, Timaru. -This Conipany 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 a-ailable form. Included in the above will be the well-known brigantine N ightingale, and about 1600 acres of Freehold Kauri Bush Land iD the North Island. For the acquirement of which-.business and property, the Directors have -.enteral into an agreement with Mr Brutje,'-that the same be taken over by thv Compaliryvdt the amount as fixed by the Valuers appointed. ,£ Stock will be taken on whatever date j'the Company take possession, and debts l-iflue -will.be tra. sferred on the same date | " Mr Bruce guaranteeing the same all good f 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 I Flour per day, with 4 tons of Oatmeal and 1 ton of Pearl Bailey ; and that in i . the Sawmills (includii g Planing and j . Mnuhjiiig) is equal to an out-put of 10,000 | )cifacial feet of marketable Timber per | j. • The Timbei Business is already ex- ] isive, "and increasing. Tho Freehold sh Land, in the District of Auckland, i onging to the Promoter, is roughly es- ' fated as yielding at from ten o fift o ifs' supply of first-class Kaur'an Red ie Timber. Vessels of 400 tons burden i 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 are ap parent and manifo'd. They enter directly with'a knowledge of the full cost and liability, into a large undertaking, m full operation, upon a fixed date, with a complete and first-class plant in f-.nc'i department, a staff of experienced workmen, and an established good going business connection. The eis no waiting for the erection of buildings and machinery, or tiie preparation of plant in the present* . install' e ; 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 \ 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 Mdl department at o.ice supplies a much-felt .want in Ihe district amongst all classes of the community To the farmer it is a boon, as it provide s a good ready local market for farm j. roduce ; 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 I these ha\e been introduced throughout j ;he Colonies. Timaru being the centre {or South Canterbury, the largest grain producing distri t in New Zealand, and a Port for shippi' g.with the harbor improvemei 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 ft r such a magnificent concern as the Flour Mil s are; The central position of the Mills, and - " : iheir immediate proximity to Grey street, the Gr at North Road, and to the Main Line of Railway, with which latter they j directly connected by extensive sidings jtwo sides, g ve special advantages for inomically working the concern, enablr customers in and out of town to obtain sir goods with dispatch and without „jy extra handling or cartage. The Business that the. Promoter now offers has been worked by liitn 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 ri quirense cs of the colony, he finds a large capital is required to more fully develope ihe trade he has established in :naru