Page 4 Advertisements Column 2

Hawke's Bay Herald, Volume XX, Issue 3938, 29 June 1877, Page 4

Factories is driven by one pair of powerfu engiues, worked by two men — an engineei , and fireman — whose wages may fairly b< 1 said to constitute the whole expense in con nection with the motive power, as the onlj fuel required to keep up steam is the saw> dust and shavings drawn from the differeni factories as soon as made, by means oi pneumatic tubes, and deposited in a lftrgi brick safe, ready for consumption, alongsicU the boilers. By this ineaus all rubbish is utilised and matte 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, bul also in the management, as the whole call be superintended and controlled by one manager. 3rd. The Tubjand 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 largo 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 Avofited in connection with the general timber business, is carried on moftt profitably, not only from the fact of tktt first cost of the timber being procured at the cheapeast possible rate, but also that large quantities of short cutttngß tit timber, which would otherwise 'fiithftf be sold as job lots at a low, price, ttr sent to the furnace to be consumed as fuel, are utilised. The Uaioli 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 fimd, 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 s&me 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 fevorable investment. Mr Guthrie has consented to be 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 thear own private account, purchased in fully paid-up shares. . And as a further proof oi their confidence in the future prospects of tihe 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 ] laid 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 secu ring the observance of the guarantee, tb ie firm have agreed to deposit with the Dir ectors of the Company scrip of the Compan; j 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 execi rte a legal charge upon the same in favor of Company. Intendin; g shareholders may therefore rest assured thfit 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, how- . ever, calls for the employment of .an extended capital. \"he valuation of the freehold and leasehold .lands, with full particulars a s to amount ofcapi.tal employed and net pro! its realised during the last four and a half y ears, taken from, the firm's books, and certified by Messra A. W. Morris, C. H. i Street, and Edmund Smfii, valuators and auditors, together with a copy of the agreement entered into with the firm by the Provisional Directors, may be obtained by bxmafide intending investors from the Brokers. The Share List will close on T CTEsnAT, the 31st July, at 4 p.m., and, iv malting the allotment the, Provisional Directors will consider the order in which applications have been, m.ade. Forms of applications for shares can be obtained afc the offices of Messra Gu/chrie and Larnach, or of Messrs Connoll and Moodie, or J. B. Bradshaw, Brokergj Dunetdin ; or of Matthew R. Miller, Esq., Napier, who is authorised to receive applications for shares. 1132 JXTST RECEIVED, A LARGE ASSORTMENT OK NEW WESLEYAN HYMN BOOKS. Also, A FRESH SUPPLY OF PRESBYTERIAN HYMN BOOKS. Also, SCHOOL BOOKS : Of Every Description. DINWIDDIE, MORRISON, AND CO THOMAS STUART I l AVING taken the shop adjoining the * ' ■ photographic establishment of Mr Corbett, and opposite the Horse Repository, Hastings-street, intends carrying on the business of WATCH AND CLOCK MAKING in all its branches. AIT Repairs entrusted to him will be faithfully carried out in a workmanlike manner, and with the utmost dispatch. 537 WILLIAM TILLEY, LAND, ESTATE, & GENERAL COMMISSION AGENT, Hastings-street, back of Colledge & Craig'a 519 JOHN RENOI7F, JOINER & BUILDER, Kaikoba, IN THANKING the Public of Hawke's Bay for the liberal support they have given him hitherto, wishes to inform them that he has REMOVED TO KAIKORA, where he hopes by strict attention to business to merit a fair share of their patronage. Plans and Specifications taken out at usual rates. 884 Q. C. E. DINING BOOMS Habthtgs-stbeet. D. B L A 0 K BEGS to inform the Public that il hs* taken the above Premises, which are now SB-OPENED, First-class accommodation for Boarders