Page 3 Advertisements Column 4

North Otago Times, Volume XXVI, Issue 1626, 6 July 1877, Page 3

New Advertisements.

of oonorete where necessary, to prevent the possibility of vibration, and to avoid wear and tear. 1 The oontraot 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 Stook Company of entering into possession of a large manufacturing and importing business in full 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* ereotion of buildings, importation of plant, stock, &o , or being subjected to any of the risks and delays incidental to -the starting of a new business, und with all preliminary expenses paid should be at onoe apparent to investors. ♦The following speoial advantages are worthy of notice : — Ist. The wholo of the machinery in the Faotories is driven by one pair of powerful engines, worked by two n.en — an engineer and fireman — whos* wages may ftirly 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 tho different factories as soon os made, by means of pneumatio tubes, and deposited in a largo briok, safe, rotidy for consumption, alongside the boilers. By this means all rubbish is utilised nnd made a source of profit, and the cost of labor reduoed 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. 3d. The Tub and Bucket Factory, now in full operation, has a monopoly of the supply of these indispensable articles, there boing no other tub and bucket factory in the Australasian Colonies. A large return may therefore bo looked for te the credit of thi* branoh of the business. 4th. 'Ihe whole of the Faotories, espsoially the Furniture Factory, being worked in connection with the general timber business, is enrried on most profitably, not only from the fuct of the first oost of the timber being procured at the cheapest possiblo rate, but also that large quantities of short cuttings of tim ber, which would otherwise either' be sold as job lots at a low prio*, or sent to the furnace to be consumed as fuel, are utilised. The Union Sash and Door Company in Auckland is of a similar charaoter to the New Zealand Woodware Factories, only being much less oxtensive. It is, however, a fair oriterion to b'tso calculations upon, as to wlmt may be expected from the Now Zealand Woodwnro Factories. The Company referred to hus only been in active oporntion for a little over four years, and has paid anmtnl dividends of 20 per cent., besides carrying large amounts to resorve fund t to that, in addition to tho vnry handsome yearly dividends, the original £5 shares of the < 'empany are now quoted at £7 10s, and a now issue allotted to shareholders, on which £2' lo* has been paid up solely out of reserve funrl, are quoted at £3 10*, making the present 'otttl market valuo of, the original ■linrea -£11, or a premium of 120 per oont. In oonneotion with this, it is a fuct that the profits shown to have boon made in Messrs Guthrio and Lnrnach's business for the same period considerably oxceod that made by the Union Company in proportion to the capital invested ; so that the promoters have good reasons for bolioving that not only will large dividends be paid rraularly by the Company, but that its stock will at onco become a niuoh-sought-after and favomble investment. » Mr Guthrie hns consented to be fully identified with the business for a number of yours as Managing Director. Mr Outline's practical skill and long experience in tho trade are well known ; the high position to whioh the firm has attained undor his management indicates Ihe meusuro of prosperity whioh may reasonably bo expeo'od in the future j and as a proof of Mr Guthrie and his partner's faith in the future prosprots of the concern, they aro willing to hold one fifth e«ch, or rquiil to two-fifths of the entire capital on their own private account, purchased in fully pnid up shores. And as a further proof of their confidence) in the future prospects of tho Compnny, they have decided to guarantee that the Company's net profits 'or the firit three years shall nob be less than 10 per cent, per annum on the actual capital for the time being employed in thn business, or equal to a sum of about £57,000 to be paid to the elmrolu.lders within three yeirs. The; expeit, and bcliev* that tho profits will considerably exceed this rate, but investors will by this means know the rate of their minimum profits. 3y way of further securing the observance of the guarantee, the firm have agreed to deposit with the Direotors of the Company sorip of the Compnny during the first your of the vulue 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 mine in favour of the Company. Intending shareholders may therefore rest assured that no more legitimate or remunerativo outlet for capital, or one presenting bettor or more extensive future prospeots, has ever been offered in New Zealand. Tho reasons whioh have lnducod Messrs Guthrie and Larnaoh to tako this step are — Ist. That their term of partnership expires by efiluxion of time in tho course of a few months, when it in tlie intention of one of the partners to retire from active buoiness. 2nd. That the plant, machinery, and genornl appliances of the firm are now of a character whioh opens up a largely extended and extremely profitable trade, whioh, however, calls for the employment of on extended oiipUal. The valuation of the freehold and leasehold land*, with full particulars as t<> amount of oapital employed, and net profits realised during the ln«t four and a half years, taken from i he firm's books, and certified by Messrs A. W. Morris, 0 H. Sticst, and Edmund Smith, valuators and auditors, together with 1 a copy of the agreement entered into with the firm by tho Provisional Directors, m»y be obtained by honajlde intending investors from the Hrokers. The Share List will olose on TUESDAY, the Blst JULY, at 4 p.m., and, in making the allotment, tho Provisional Direotors will consider the order in which npphoitions havo been made. Forms of application for Shares can be obtained at the offices of Meisrs Guthrie and Larnach, or of Messrs Oonnull and Moodie, or J. B. Bradshaw, Brokers, Dunedin ; or Mksbbs CON NELL & CLOWES, Oamaru, who are authorised to receive appliontions for shares. jni9

NOTICE TO GOVKKNMBNT IMMIGRANTS. TMMIGRANTS OWING PASSAGE -*■ MONEY to the Government, in the Oamaru Distriot, are requested to PAY the same to MR HESKETH, Immigration Officer, without delay j otherwise LEGAL PROCEEDINGS will be taken for the recovery of the debt, without further notice. (Signed) COLLIN ALLAN. Immigration Officer. Immigration Office, Dunedin, June 22nd, 1877. jn26

piUNT AND CO., Civil Engineers, Authorised Surveyors, and Lend, Estate, and Commission Agenti, i Ty«e street, jns