Page 3 Advertisements Column 2

Temuka Leader, Issue 280, 12 August 1880, Page 3

Public Notifications' PROSPECTUS OF THE TIMAR GRAIN. FLOUR AND SAY }l MIIXS COMPANY, LIMITEI *' capital L 50,000 * It. 10,000 Shares of L 5 Each, , Payable as follows :—Five shillings p< F share oti application, five shillings pt share on allotment, and the balan< 0 in calls of ten shillings per share ; intervals of not less than thre mouths ; thus extending the tot* l ' payment over a period of two yeai and three months from the date c t allotment. f 00 Fully Paid-up Shares will be Re tained by the Promoter (James Bruce) Provisional Directors : Turnbull, Esq , M.H.R., Timaru, J. Reid, Esq., Merciiant, Auckland, (7. Srumbles, Esq , Contractor, Timaru P. Macintyre, Esq., M.D., Timaru : J. limmer, Esq., (senr.) Merchant Wei lingtoD. Captain J. H Sutter, Mayor of Timaru W. H. Hargreaves, Esq., Merchant Chris church, Naylor Hillary, Esq., C.E., Waimate, James King, Esq., Faimer, Timaru, ■ Robert "Wood, Esq., Miller, Timaru, Donald Maclean, Esq., Stock Agent, Ti main, Alex. Sinclair. Esq., Builder, Timaru, Shears, Esq., Brick Manufacturer, Timaru, Alex. Wilson, Esq., Land Broker, Tenn'ik a John McGregor, Esq., C.E., Dimedin, J. L. Morris, Esq., Merchant, Pieasani Point. Valuators of Machinery and Plant James Gray, Esq., (Messrs Reid and Gray) Dunedin, Char'es McQueen, Esq., (Messrs Kincain aud McQueen), Duned;n, Valuators of Land and Build jngs Thomas Roberts, Esq., C.E.. Timaru, M. de H. Duv il, Esq. Architect, Timaru. Valuators of Shipping : Captain J. H. Sutter, Timaru, Captain Mills, Harbor Master, Timaru. Solicitors ; Messrs Reid and Knubley, Timaru. Bankers. Bank of New Zealand. Brokees : Messrs Maclean 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 a"ailable 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 aud 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 Valuers 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 aud 1 ton oi' Pearl Bailey ; and that in the Sawmills (including Planing and Moulding) is eqmd to an out-put of 10,000 superficial feet of marketable Timber per day. The Timber Business is already extensive, and increasing. The Freehold Bush Laud, in the District of Auckland, belonging to the Promoter, is roughly estimated as yielding at from ten o fift en years' supply of Kaut'an Red Pine Timber. Vessels of 400 tons-bnrdea can load with perfect safety all the.;year round, in close proximity to the Btislf, 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. Thee is no waiting for the erection of buildings aud 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 every tiling is complete and in full v. orking order —the returns beirg 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, inr providing a flour of acknowleoged 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 shippiug, 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 Mills are. The central position of the Mills, and their immediate proximity to Grey street, the Great North Road, and to the Main Line of Railway, with which latter they are directly connected by extensive sidings ■ on two sides, gve special advantages for economically working the concern, enablir g customers in and out of town to obtain their goods with dispatch and without any extra handling or cartage. The Business that the Prompter now offers has been worked by him up to its present dimensions aud position during the last fourteen years with much success but in order to keep pace with the grow ing ri-quireme- ts of the colony, he finds .' a large capiial is required to more fully 1 develope the trade he has established in > Timaru I