Page 2 Advertisements Column 7

Dominion, Volume 13, Issue 239, 3 July 1920, Page 2

FINANCIAL. ABRIDGED PROSPECTUS OF THE : GREAT, WESTERN TIMBER, ■ ; company;' iyro.- ..■, : . (TO BE INCORPORATED UNDER '.'THE COMPANIES ACT, 1908.") . • •' « " ";• .;; , 'CAPITAL - £125,000;. :; 1 t DIVIDED INTO 125,000 SHARES OF £1 EACH, f '-■ Imuo of 90,000 Ordina-y Shares, of which 2s. Belter Bh«rc is-payable ■ on Application, and. 2s. 6(1. per share on Allotment, mid the balance- in calls of . not more than ss. each at intervals of not less than one month. ' \ 'i PROVISIONAL DIRECTORS. ■ I.BRADLEY, HAROLD GLADSTONE,. Merchant, Christcliurch. "■ BRIDGE,, HENRY POYNTON, F.P.A., N.Z., F.I.S.V;, Public Accountant and Auditor. ChrJßtchurch. . — DALE, FREDERICK EVKRARD, Bclicitor, Christchurch. HILL, HERBERT GLADSTONE Company Manager, Christcliurch. .' .'; RBBP.ATH, JOHN ALEXANDER, Jun\, Coal Merchant, Christchurcli. , ROBINSON, WILLIAM HERBERT, J.P.. Timber Merchant, Christcliurch.- :\i. - BANKERS: • \ '■ THE BANK,OF NEWZEALAND, CHRISTCHURCH. . :. SOLICITORS: ~.': SLATER, SARGENT,* AND DALE, 93 Worcester Street, Christcliurch.; '. INTERIM SECRETARY: . JOHN HENRY STRINGER, A.r.A.,,N.Z„ Public Secretary and Auditor, ",-. i.' . ..... Cathedral Square, Christchurcli., ..... BROKERS: ..ARTHUR PETHERICK F.IX, N.Z:, F.P.A.; N.Z., Public Accountant, Winder* Building, Wellington. J. A. BRUCE, '27 Panama Street, Wellington. • FRANK GRAHAM AND SON, Hereford Street, Christchurch. AUDITOR: I "J. W. K. LAWRENCE, P.P.A., N.Z.,.Public Accountant, .ChristchurchV «-• ■■; ■ •' •■•■•' •■. '■'• ■■'.' '■ ;' PARTICULARS OF THE PROPERTY. • The Company is being formed with the object (inter alia) of acquiring for BMinillin? purposes nil the estate And interests of William Herbert Robinson, Harold Gladstone Bradley, David James Smith: Diedrichs", -.Frederick Everard ' Dole, William Keller, H. Gladstone Hill, Alfred Charles Hullett, and John Hamilton Wilson, in all those piece? of .land situate at or near Okarito, ISoutlr ', Westland, held license or other Titles under "The Mining.. Acts" and. Regulations thereunder,' and issued out of the Warden's Court at Okarito under the ..hand of the Warden of the Westland Mining District and tho Seal of the : Warden's Court, Okarito is 55 miles by sea wrath of Hokitika. There are approximately ■ 10,000 acres oyer which the Vendors have the milling rightsj. 1000 acres on the shores of the Okarito Lfg'oon; 2000 acres-just on the south side of the little towDfihip, while 1000 acr*s are further north. .With regard to the 6000 acres adjacent to Okarito, Mr. .Gideon Anderson, Crown Lands Ranger, now Forestry Irspcctor, estimate"; tljnt there is 80 per cent. Rimji, 17 per cent. While .'; Pine, the balance being Silver Pine, Totara, and Matai. He further estimates • tharthis area will average 30,000. feet to the. acre. The Ranger has given permission to state he considers there is no bush in Westland that will compare with this, both as to the length of the bole and-'Hie-number of trees to-.the nc», The average Ifngth of tho bole of the trees in' the- forest inspected was estimated to be not Rws than'SO feet, while some of them where 120 feet. • Ot*K>m tho sea level at Okarito to the head of the Lngoon thero is a rise of 20 fret. From the edge of the Lngoon up to the boundary of the area over which the Vendors have tho riirhts there is a gradual rise of 100 feet. This in over IAOO acres. Tho timber will 1>» out,, hanlod on a slight" down-grade to the water, rolled in, and towpd to the mills that'will bo erected, at the port; As soon as it is sawn it will lie shipo'vl direct on to the boats. ! ''■ Mr. J. Blair. Mo*on, M. Inst. C.E.; M. Inst. Mech. E„ -M. N.Z. Soc. C.E.,':the . well-known Marine Endneer, visi'<*d Okarito. and his reports thereon ■' are. an interesting account of tho possibilities of working the port. .His conclusion !is ....that with boats to suit the port in its present state getting the timber out ia certain. _. ■ • ' The timber content of the forest areis over which the Vendors hold milling rights is ■estimated at three hundred million feet. .Computed at .£1 per hundred, this mean! that the Company will start out with an asset that should.bo worth ; .£3,000,000. REPORTS: • .. _ Extracts from the reports of MR. H. GLADSTONE HILL as to the proposi.tion generally i Mr. J) BLAIR MASON, the well-known consulting engineer, as to ■ tho port,facilitias; andMR. T. D. M'LEAN, civil engineer, as to the quantity and naturo of the timber, arc incorporated in the Prospectus. '■• " PARTICULARS OF CONTRACTS, ETC. Contract dated 13th day of May, 1920, between William Herbert Robinson, of Christcliurch, timber merchant, of the first part; Harold Gladstone Bradley, ef Christcliurch, merchant, of the second part; David James Smith Diedrichs,'of Hokitika, sheepfarmor, of the third part: Frederick Everard Dale, of Christchurcli, solicitor, of the fourth part; William Keller, of Hokitika, hotelkecper, »f the fifth part; Herbert Gladstone Hill, of Christcliurch, company manager, of the sixth part; Alfred Charles Hullett, of Christchurcli; timber merchant, of the leventh part; John Hamilton Wilson, of Hokitika, commission. ,agent, of the eighth part; and Frank Driesscn Sargent, of the City of Ciristchureh, solicitor, of the ninth part; whereby the first eight persons named agreed to fell, and the said Fwik-Driesson Sargent as Trustee, on behalf of. tho" intended Company, agreed to purchase the properties described in the complete Prospectus for tho sum of £58,000, payable as follows:—' By the allotment", of. 28.000 fully-paid-up £1 shares in the Company to>th» persons and in the proportions hereinafter named: • ' . > (a) To the said William Herbert Robinson or his/Nominees. 11,632 shares.. (b) To the said Harold Gladstone Bradley or his Nominees,'3ols shares. (c) To the said David James Smith Diedrichs, or his Nominees, 3015 shares. (d) To.tho said' Frederick Everard Dale or his Nominees, 8015 shares. (e) To the said William Keller or.his Nominees. 3015 shares. (f) To the said Herbert Gladstone Hill or his Nominees, 2151 shares. .(g) To tho said Alfred Charles Hullett or his Nominees, 2154 shnreß. The Vendors havo spent very largo sums in obtaining, information, reports, grants, licenses, and marine surveys, whilst they have devoted months of close labour to tho completion of the project, a. share in 'which is now offered to the public. In doing this it will be noticed that thev do not seek to bo repaid in any cash, whilst thoy undertake not to esll any of their shares for at least twelve months. ' ■ *, The Licenses and Certificates for the. sawmill areas, reservations, and mill sites for 9505 acres described in the Prospectus. . ■' ',' ( ' The following are provisions of the Company's - Articles of Association:—The remuneration of tho Directors shall from time'to tinio be determined by the Company in general meeting. The qualification of a Director shall be the holding of at least 500' shares in the Company, and it shall be his duty to comply With tho provisions of "The Companies Act, 1908," section 70. »■■ : The amount fixed by tho Articles of Association as tho minimum subscription of this-issue is 10,000 shares." ' Except as abOTe stated, no shares are issued or agreed to be issued otherwise than for cash, and no debentures are issued or.agreed to be issued. The. preliminary expenses other than brokerage are estimated at £"M, Those of the Directors who are interested in the promotion of the Company receive their proportion of the fully paid-up shares to the extent of v£2B.ooo'as I nbovomentioncd. In addition thereto, H. Gladstone- Hill is interested in tho promotion of the Company, and tho Company will: pay a commission at the rate of Are pounds per centum'on nil shares of whieli ho or tho brokers shall procure tho subscription, ." • ■ ; :• '• ..••.. . , ' '.'.'. .'■' ' Copies of the above-mentioned Contract.-Licenses, and Certificates, and Of the Memorandum of Association and Articles of Association, of the proposed Com. pany, may bei inspected at.the officeof the Solicitors of the Company during the usual business hours. Application for shares should be made on the prescribed form, and forwarded with a remittance of 2s. fid. per share to. the Company's 'brokers or bankers...: Where no allotment is made the deposit will be returned in full. ProspeotuaM may bo obtained from, and applications received by. any Branch of tho Bank of New Zealand; Mr. Arthur Petherick, F.1.A., N.Z., F.P.A., N.Z., Public Accountant, Winder's Building. Wellington: Mr. J. A. Bruce, 27 Panama Street; Wellington; or Messrs. Frank Grahanv and Son, Christchurcli; Chief Brokers for New Zealand. FORM OF AMPLICATION-FOR SHARES: . To the Provisional Directors of THE GREAT WESTERN TIMBER COMPANY, LTD.. and to H. GLADSTONE HILL, Christehurch. ! GENTLEMEN- '' .'/'."_ .•'.■'■■':•' . I hereby request you to> allot me Shares in the above-named Company upon tho terms of tho Company's Prospectus dated the 9th' day of June, 1920, and I hereby qgroo to accept the same or any less number that may b» allotted to me. '' ■:....,.■,■•■ • • ,-..... ..,,.,. I enclose herewith cheque for £ s d., being the amount payable oil'application for tho said Shares, at the rate of 2s. Gd. per share, and I agreo to pay the further juiii of TWO SHILLINGS. AND ..'.SIXPENCE (2s. Od.) per share, on,;allotment, and tho balance js provided in the' Pros. ■ pwtiw; "'•"' ".* T ; '" [■'• " .And I request andaiithorise you to sign any necessary documents, and do all nets and- things iicce«eary : to register me as the holder of tho shares so allotted. Name in; fnll • v, .„.,.„....;;..:,;.. Address ;. ~ ,„„ Deaoriptlon ,' .'., „, ~.) . . ... ..-. •...-. Dated the day of 192. '."' " ; Signature , 1

BUSINESS NOTICEB. WHY PAY MORE. ; t SPECIAL LINES-Soap (Best)," Is. Sd. Barj Condensed Milk, lOd. tin; Special Packet Tea, 2s. lOd. lb.j Sand, eoap, 4 cakes, Is. At •■ ' , ALBERT BOWDEN. ' "The Store," Opposite Cable's Foundry, .' ■■.. -. . KAIWARRA. WALKING on hard pavements jara the nerves. WOOD-MILNE Rub. bor Heels make hard roadß seem soft! British made from Para Rubber. Mako lure you get Wood-Milne's I ' ; BOUQUETS AND FLORAL EMBLEMS, ARTISTICALLY made up at short noticc. Miss Carney, 94 Manncra Street: Attends personally. (~TIUB Tea R<jjms,l2<i Courtenay Place. > Hot Meals,' Breakfast, Dinner, and Tea, Is. 3d.; open from 7 a.m. till \\ p.m. Cleanest and Cheapest in the Do. minion. ■, . PASCALL'S Fruit Bonbons.—You oannot equal them for quality.

BUSINESS NOTICEB. ALL RopaSw to Prims and Pushcart* guaranteed. A.. J. FINCH" Pram Exchange, l)i.xpn. Street....... Hoods lU-covered. Tyros put on while you, Trait. •' !.-. COKSET6! CORSETS I npHK woman who buys ther CORSKTS X hero is oosurcd of the best. MRS. COX ■•■: ■. 139. Manners Street (Opposite King's Theatre), ' BABY'S OUTFIT;' Completa in every detail. All prices. APRONS. NURSES, Waitresses, and others, get Your Aprons made by ■ ' MRS. B. COLLINS, fll Vivian Street and 14 Courtcnay Place (Just behind Tranr Terrainus). And Save Money.