Page 3 Advertisements Column 2

Temuka Leader, Issue 281, 14 August 1880, Page 3

Pvblic Notifications • PROSPECTUS OF THE TIMARU 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 c share on allotment, and the balanc in calls of ten shillings per share at intervals of not less than three months ; thus extending the total payment over a period of two years and three months from the date of allotment. 00 Fully Paid-up Shares will be Retained by the Promoter (James Bruce) Provisional Directors: Turnbull, Esq , M.H.R., Timaru, J. Reid, Esq., Merchant, Auckland, <?. Stumbles, Esq , Contractor, Timaru P. Macintyre, Esq., M.D., Timaru J. litnmer, Esq., (senr.) Merchant Wellington. Captain J. H Sutter, 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, James Shears, Esq., Brick Manufacturer, Timaru. Alex. Wilson, Esq., Land Broker, Temuka John McGregor, Esq., C.E., Dunedin, J. L. Morris, Esq., Merchant, Pleasant Point. Valuators or Machinery and Plant James Gray, Esq., (Messrs Reid and Gray) Dunedin, Charles McQueen, Esq., (Messrs Kincain and Dunedin, Valuators op Land and Buildings 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. i Solicitors ; I Messrs Reid and Knubley, Timaru. Bankers. Bank of New Zealand. Brokers : 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 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. For the acquirement of which business and 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. Stuck will be taken on whatever date the Company take possession, aud debts due Will be transferred on the same date Mr Bruce guaranteeing the same all good to tiie 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 Moulding) is equal to an out-put of 10,000 superfiicial 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 fi ft cn years’ supply of first-class Kaurhin 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 ill 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 v orking 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 ouce 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 acknowleuged superior qua ity Ample testimony can be had as to the genuine quality of the products, wherever these have been introduced throughout jhe Colonies. Timaru being the centre tor 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 Mills 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 sidings on two sides, gve 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 I develope the trade he has established in Timaru