Page 4 Advertisements Column 2

Hawke's Bay Herald, Volume XX, Issue 3935, 26 June 1877, Page 4

Factories is driven by one pair of powerful engines, worked by two men— an engineer and fireman— whose wages may fairly be said to constitute the whole expense in connection with the motive power, as the only fuel required to keep up steam is the sawdust and shavings drawn from the different factories as soon as made, by means of pneumatic tubes, and deposited in a large brick safe, ready for consumption, alongside the boilers. By this means all rubbish is utilised and made a source of profit, and the cost of labor reduced to a minimum. 2nd. The four Factories being worked under one roof, a great saving is consequently effected, not only in the motive power, but also in the management, as the whole can be superintended and controlled by one manager. 3rd. The Tub |and Bucket Factory, now in full operation, has a monopoly of the supply of these indispensable articles, there being no other tub and bucket factory in the Australasian Colonies. A large return may therefore be looked for to the credit of this branch of the business. 4th. The whole of the Factories, especially the Furniture Factory, being worked in connection with the general timber business, is carried on most profitably, not only from the fact of the first cost of the timber being procured at the cheapeast possible rate, but also that large quantities of short cuttings of timber, which would otherwise either be sold as job lots at a low price, or sent to the furnace to be consumed as fuel, are utilised. The Union Sash and Door Company in Auckland is of a similar character to the New Zealand Woodware Factories, only being much less extensive. It is, however, a fair criterion to base calculations upon, as to what may be expected from the New Zealand Woodware Factories. The Company referred to has only been in active operation for a little over four years, and has paid annual dividends of 20 per cent., besides carrying large amounts to reserve fund ; so that, in addition to the very handsome yearly dividends, the original £5 shares of the Company are now quoted at £7 10s, and a new issue allotted to shareholders, on which £2 10s has been paid up solely out of reserve fund, are quoted at £3 10s, making the present total market value of the original shares £11, or a premium of 120 per cent. In connection with this, it is a fact that the profits shown to have been made in Messrs Guthrie and Larnach's business for the same period considerably exceed that made by the Union Company in proportion to the capital invested ; so that the promoters have good reasons for believing that not only will large dividends be paid regularly by the Company, but that its stock will at once become a much-sought-after and favorable investment. Mr Guthrie has consented to he fully identified with the business for a number of years as Managing Director. Mr Guthrie's practical skill and long experience _in the trade are well known ; the high position to which the firm has attained under his management indicates the measure of prosperity which may reasonably be expected in the future ; and as a proof of Mr Guthrie and his partner's faith in the future prospects of the concern, they are willing to hold onefifth each, or equal to two-fifths of the entire capital on their own private account, purchased in fully paid-up shares. And as a further proof of their confidence in the future prospects of the Company, they have decided to guarantee that the Company's net profits for the first three years shall not be less than 10 per cent, per annum on the actual capital for the time being employed in the business, or equal to a sum of about £57,000 to be paid to the shareholders within three years. They expect and believe that the profits will considerably exceed this rate, but investors will by this means know the rate of their minimum profits. By way of further securing the observance of the guarantee, the farm have agreed to deposit with the Directors of the Company scrip of the Company during the first year of the value of £50,000, during the second year of £40,000, and during the third year of £25,000, and to execute a legal charge upon the same in favor of the Company. Intending shareholders may therefore rest assured that no more legitimate or remunerative outlet for capital, or one presenting better or more extensive future prospects, has ever been offered in New Zealand. The reasons which have induced Messrs Guthrie and Larnach to take this step are — Ist. That their term of partnership expires by effluxion of time in the course of a few months, when it is the intention of one of the partners to retire from active business. 2nd. That • the plant, machinery, and general appliances of the firm are now of a character which opens up a largely extended and extremely profitable trade, which, however, calls for the employment of an extended capital. The valuation of the freehold and leasehold lands, with full particulars as to amount of capital employed and net profits realised during the last four and a half years, taken from the firm's books, and certified by Messrs A. W. Morris, C. H. Street, and Edmund Smith, valuators and auditors, together with a copy of the agreement entered into with the firm by the Provisional Directors, may be obtained by bonafide intending investors from the Brokers. The Share List will close on Tuesday, the 31st July, at 4 p.m., and, in making the allotment the, Provisional Directors will consider the order in which applications have been made. Forms of applications for shares can be obtained at the offices of Messrs Guthrie and Larnach, or of Messrs Connell and Moodie, or J. B. Bradshaw, Brokers, Dunedin ; or of Matthew R. Miller, Esq., Napier, who is authorised to receive applications for shares. 1132 WAIPAWA BOOK, STATIONERY, AND FANCY GOODS DEPOT. E. HARWOOD I I AS opened tho above Establishment, and intends keeping a Large and Varied Assortment of FANCY GOODS, STATION BBY, BOOKS MUSIC, &c. All orders for New Books, Music, &0., will be promptly attended to. Agent for the " Hawkb's Bay Hbkald." Extra copies of the " Hebald " can be had on application to Mr. Harwood. Inspection is Invited. 6S Q. 0. E. DINING BOOMS Hastings-street. D. BLACK BEGS to inform the Public that h b&B taken the above Premises, which are now BE-OPENED, First-class accommodation for Boarders Meals at all hours. 90 FIREWOOD ! FIREWOOD ! FIREWOOD ! T OOK OUT ! — The undersigned will JLJ supply in any quantity at the Store on Railway Station, at the lowest current rate. S. B. FIRTH, 6_ Te A'ute.' W O O L . mHE UNDERSIGNED are Cash PurJ. chaserß of Wool and other Produce, or will advance on consignments to their London agents* 26 WATT BROTHERS. HAWKE'S BAY BOILING « DOWN WOOL-SCOURING by Petrie's Paten WooljWashing Machine will be don at the following rates, viz. : Locks and pieces ... „. Id per lb. Fleece wool ljd „ Woel forwarded to Boiling-down siding will be attended to. R. P. WILLIAMS. Olive, November 1, 1876. 83 rfIHE Undersigned is a CASH PUR- - 1 - CHASER of HIDES, SKINS, and TALLOW. M. BALDWIN, 7 Waitangi and Meanee.