Page 3 Advertisements Column 2

Temuka Leader, Issue 279, 7 August 1880, Page 3

Public Notifications' PROSPECTUS OF THE TIMAKU GRAIN, FLOUR AND SAWMILLS COMPANY, LIMITED. CAPITAL L 50,000 In 10,000 Shares of L 5 Each, • Payable as follows :—Five shillings pe share on application, five shillings pe share on allotment, and the balanc 6 in calls of ten shillings per share at intervals if not less than three months ; thus extending the total payment* oifer a period of two years and three ijaonths from the date of allotment. | 00 Fully Shares will be Retained by the Promoter (James Bruce) Provisional Directors : Turnbull, Esq., M.H.R., Timaru, J. Reid, Esq., Merchant, Auckland, G. Stumbles, Esfc[ .Contractor, Timaru P. Macintyre, E?q., M.D., Timaru J. limmer, Esq., (senr.) Merchant Wellington. Captain J. H Slitter, Mayor of Timaru W. H. Hargreaves, Esq., Merchant Christ church, Naylor Hillary, Esq., C.E., Waimate, James King, Esq., Farmer, Timaru, Robert Wood, Esq., Miller, Timaru, Donald Maclean, Esq.,- Stock Agent, Timaru, Alex. Sinclair. Esq., Builder, Timaru, Shears, Esq., Brick Manufacturer, Timaru, Alex. Wilson, Esq., Land Broker, Tennika 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, ; Charles McQueen, Esq., (Messrs Kincain and McQueen), Dunedin, Valuators of Land and Buildings Thomas Roberts, Esq., C.E., Timaru, M. de H. Duvi| Esq. Architect, Timaru. Valuators of Shipping : Captain J. H. Setter, Timaru, Captain Mills, Harbor Master, Timaru. Solicitors ; Messrs Reidfand Knubley, Timaru. IBankers. Bank 6f New Zealand. llrokees : Messrs Maclea§ and Stewart, Timaru. This Companyfis projected with a view of acquiring by f urchase, and thereafter carrying on the Business of the Promoter (James Bruce) iit the manufacturing of Flour, Oatmeal afid Pearl Barley. Also, for the purpose|of importing from his forest in the Norih. Island, Timber of the best description, |md preparing the same for market in evefy available form. Included in the abofe will be the well-known brigantine Nighlngale, and about 1600 acres of FreelioldJCauri Bush Land in the North Island. I§)r the acquirement of which business arif property, the Directors have entered into in agreement with Mr Bruce, that the safije be taken over by the Company at the amount as fixed by the Valuers appointed, i Stock will be tak]p on whatever date the Company take .possession, and debts due will be trai sferied on the same date Mr Bruce guarauteei§g the same all good to the Company ~i The Flour, Oatrnea|, and Pearl Barley Mills will compare favorably with any works of the kind an the Australian Oolonies (vide report Valuators attached). The machinery is capable of preparing for the market" about 20 tons Flour pi j r day, with 4 tons of 'Oatmeal and 1 ton of Pearl Barley,; and that in the Sawmills (including Planing And Moulding) is equwl to an out-put of £O,OOO superfiicial feet of marketable Timber per day. The Timber Business-is already extensive, and increasing. Tho Freehold Bush Land, in the District of -Auckland, belonging to the Promoter, is re-ughly estimated as yielding at from ten o fift en years' supply of first-class Kaur'an Red Pine Vessels of 400 tons bnrden can load witrrperfect 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 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 uncertainLies, risks, and delays incidental to the establishment of a new and vntried business. In all these respects everything is complete and in full working 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 oace 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 ity 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 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 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 '.heir immediate proximity to Grey street, the.Grsat North Road, and to the Main Line of Railway, with which latter tbey are directly connected by extensive sidings on two sides, g ve special advantages for economically working the concern, enabling customers in and out of town to obtain their goods with dispatch and without any extra handling or cartage. The 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 fully develope the trade he has established in Timaru