Page 19 Advertisements Column 2

New Zealand Tablet, Volume IV, Issue 210, 13 April 1877, Page 19

he Company thus keeps in its own hands th c ntire connection of the retiring Firm, and hus prevents its customers from being subected to a possible outside pressure ; receivng, moreover, a commission for the collection f debts which its own staff oi officers will be ble to overtake in the usual course of busiless, without cost to the Company. The whole of the freehold and leasehold ands held by the firm to taken at present narket value, as certified to by Messrs. A. W. kforris, C. H. Street, and Edmund Smith. Four thousand of the Company's shares ully paid up have been agreed to bo allotted 0 Massrs. Guthrie and Larnach as consideraion for the goodwill of their very remunerate business, they undertaking themselves to jay all preliminary expenses (including )rokerage, advertising, &c, &c), in connecion with the floating of the Company. Stock will be taken as on the day the Company inters into possession, and the debt 3 due to ;hefirm will be takeu over as from the same date. The timber business is most extensive, and may fairly be said to be the largest in the Australasian Colonies. In connection with this branch of the business there are several bush mills, and a large fleet of coasting vessels, employed regularly in carrying supplies for the lequirenaents of the factories as well as open markets. The import, iron, and hardware business of the firm is also very extensive. These several branches at present represent a mo9t valuable and important part of the Firm's trade, and the promoters feel confident that they can be most safely and profitably extended. In the New Zealand Wood ware Factories there are four distinct departments, viz. :—: — Ist. Sawing, planing, and moulding factory. 2nd. Door and sash factory. 3rd. Tub and bucket factory. 4th. Furniture and turnery factory. The trade of each of these is capable of great and profitable extension, and as an evidence of the great outlet for the products of these works, Messrs. Guthrie and Larnach have been compelled to run the machinery overtime, on an average two nights per week, since the opening of the new factories. The whole of the extensive factories and stores (specially designed by David Ross, Esq , architect, of this city) are substantially built of brick and cement, on solid bluestone and concrete foundations (all timbers being of the best and most durable descriptions), covering an area, including the timber yards, of several acres of valuable land in the chief streets of the city. The whole of the splendid modern machinery was designed and planned by an eminent engineering firm in Glasgow, under Mr. Guthrie's immediate supervision while in Britain, and after a very careful inspection of the principal woodware factories in America, Britain, and on the Continent. Each machine has been firmly placed on a solid bed of concrete where necessary, to prevent the possibility of vibration, and to avoid wear and tear. The contract for the purchase of machinery was entered into when materials and labor in Scotland were at their lowest. The important advantages to shareholders in a joint stock company of entering into possession of a large manufacturing and importing business in lull operation on a fixed date, with a thoroughly trained staff of officers and men, and a large mercantile connection, without having to wait for the erection of buildings, importation of plant, stock, &c, or being 1 subjected to any of the risks und delays inci- | deutal to the starting of a new business, and with all preliminary expenses paid, should be at once apparent to investors. The following special advantages are worthy of notice : — Ist. The whole of the machinery in the Factories is driven by oue pah 1 of powerful engines, worked by two men, an engineer and fin-man, whose wages may fairly be said to constitute the whole expenses in connection with the motive power, as the only fuel required to keep up steam ia the sawdust und shavings drawn from the different factories as soon as made, by means of pneumatic tubes, and deposited in a lorge brisk safe, ready for consumption alongside the boilers. By this means all rubbish is utilised and made a source j of profit, and the cost of labor reduced to a minimum.