Page 3 Advertisements Column 2

Temuka Leader, Issue 283, 19 August 1880, Page 3

Pvblic Notifications' F’.'OSPECTUS OF THE TIMARU OR AIN, FLOUR AND S'WCOMPANY, LIMITED. CAPITAL L 50 t OOO 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 b.-.lanc® 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. th,e date of allotment. 00 Fully Paid-up Shares will be Retained by the Promoter (James Bruce) Pbcvikofal Directors ; Turnbull, Esq , M. H.R., Timaru, J. Reid, Esq., Merchant, Auckland, C. Stumbles, Esq , Contractor, Timaru P. Macintyre, Esq., M.D., Timaru J. limmer, 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., Fat mer, Timani, Robert Wood, Esq., Miller, Timaru, Donald Mac’ean, Esq., Stock Agent, Timaro, Alex. Sinclair Esq., Builder, Timaru, Ja->es Shears, Esq., Brick Manufactuier, Timaru, Ah x. Wilson, Esq., Land Broker, Temukii John McGregor, Esq., C.E., Dunedin, J. L. Morns, Esq., Merchant, Pieasant Pohit. Valuators of Machinery and Plant James Gray, Esq., (Messrs Reid and Gray) Dunedin, Char os McQueen, E®q., (Messrs Kincain and McQneeiQ, Dunecl n, Valuators or Land and Buildings Thomas Roberts, Esq., C.E.. Timaru, M. de H. Duvd. Esq. Architect. Timaru. Valuators of Shipping : Captain J. H. Sutter, Timaru, Captain Mills, Harbor Master, Timaru. Solicitors ; Messrs Reid ana Kimble}, Timani. Bankers. , Bank of New Zealand. Brokers : Messrs Ma lean and Stewart, Timaru. This Company is puj ?ctcd with a view j of acquiring by purchase, and thereafter carrying on the Business of the Promoter I (.l imes 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 N ightingale, 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 hy 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 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, helonging to the Promoter, is roughly estimated as yie'ding at from ten o fift u yens’ supply of first-class Kuuran lied Pine Timber. Yes-els 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 shareho'ders in this Company are ap I parent and manifold. They enter directly with a knowledge of the full cost and liability, into a large undertaking, m full operation, upon a fixed date, witii a complete and first-class plant in each 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 the preparation of plant in the present instance ; neither ar. the financial interest of shareholders subject to the uncertainties, risks, and delays incidental to the establishment of a new and vntried business. In all those respects everything is complete and in full a orking order —the returns bei*'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 classes 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 quaiiy 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 lor South Canterbury, the largest grain producing distrj t 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 their immediate proximity to Grey street, the 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 -mt of town to obtain tbeir 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 r- quiretne' ts of,the colony, he finds * .a large capital is required to more fully i develops the trade h.e ha« established in Timara }