Page 1 Advertisements Column 5

New Zealand Herald, Volume XIV, Issue 4900, 31 July 1877, Page 1

Public Companies. AND LARNAOH'S NEW < f ZEALAND TIMBER AND WOODWARE I'ACTOIUE-i (LIMITED). NOTICE Tlio varlou, VaUmtlons and Certificates raforrcd to In thß prospectus, bcin? now completed, intending sjiftrcliojdurfl nifty, olitnin copios of tho sinnfl, and of the prospectus (which is now ro-ispucd). together with application form* for shares, nt the office of Alexander Saiindors, iv a ., Auckland T;'c dato for doting the share list has boon Used 'us thn 31st July. V.y order of the Provisional Directors. J. AITKEN CONNELL, JntcrJm Srcrrtary. Duuedin, 13th June, 1577. TD> R os p e c t t; ' ,; SL OF nUTUME AND LA.RNAOH , :; SVW ZEALAND II" BEU AND WOOil'.V i\n: FACTOHIES (LIMITED). Capital, £2f.0,000, In '0,000 fliaren of £6 oac:- : D.p;ait, i-ayablo on application, '.: iij :•■,.;: . Allotment Call, 10s per ;]i ..- After whieh it Is proposeil lo call ■■;<■ ' :■ •■■ ii nuns of 10s each Call, at inter-.-.1 . : ti-,;-) three inonllr--, thus extendlr • < ■ ■;•-. ■•■:...■;., (jvera perl-d of one year from »..., \ ,m : .-.- .--I. 20,000 shares, fully paid up, aro retained by McMrs. Otilhrle and l.arnach (4000 1 cing allotted for tho goodwill of the linsinee? and preliminary expenses of floatItic tho Company, and the remaining IG.OOO shares beliu; full- p-iid up t,v them in cashi Tho remaining 30/00 shares are offered to tho public : 20,000 in New Zealand, and 10.000 reserved for tin! English and Australian markets, a number of which have .i.lrca' , }- been bespoken from each of tbojo j plnceJ. I Alexander Burl, Fsq., of' Messrs. and T. Burt, Dunedin. Tames Robin, Esq.. Carriage Manufacturer, Dunedin. 1101-ert Sparrow, b>q., Dun-din Iron «'orks, Dunedin. EmII -ievwright, Fsrj., Solicitor, Dunclln « Shipping and Tn-uranco Agent, Preserving Company. Knkinui. RolioTt Ilaworth. Esq., of Messrs R. and T. Hawortb, Mcrchanti. Dunedin. A. s. Gibi.s, Esq., of Messrs. Gibbs and Clayton, Merchant!., Dunedin. Jol.n Ituld, Ksq., Merchant, Auckland. A. \V. MorrU, Esq. ; O. n. Street, K s q.; and Edmund Smith, Kjq. Valuator™ ren Vebsrls : C.iptaln Tliomson, Hartour-mas-IT, Andrew M'ltinnon, l->q., Shipbuilder, Mayor of Port Solicitors : Messrs. Siovwright nnd Stout. Bankeks T! 0 Ilftnk of New Zealand and iirftnclies. Bhokkrs * 1 ?. Conrell and Moodie, Princes-street, Dunedin .1. P.. Bridshaw, Fsq , Princes-street, Pn'.edin. A. Sauniicrs, Fsq., 2, Insurance Iluildtngi, Auckland. This Company is projected for the purpose of purch .ving and thereafter carrying on Messrs. Outhrie and Larnach's well-known Woortwarc Factories and their extensive Importing Timber and Iron Business. An agreement has been entered into with Messrs. Outhrie nnd Larrach to sell lo the Company the'r new Factories, together with all their other buildings, with the entire machinery, plant, aid stick ..f every description at- tho acttinl net co*t ; thn whole of the freehold and leasehold lands hcM by the firm at pre- *<••• t market value ; and thrlr useful fleet of Coasting Vessel-, at pr-sent aetnal v.ihifl, the new Compmiy taking over all current agreoir.nnts and uncompleted orders 01 eonlracts (For the purpose of thesn .vv! all other valuations, the gentlemen respectively iKimeil liercaftcr h ; *ve l>ecn appointed by mutual ,-.'_"f e>" flit between Messrs. Outhrie and l.arnach and th ■ Prorisinnal Directors.) It has also been arranged tint tlie new Company sball take over tlio entire <!eVs due to ih(! firm secured and unsecured at par, ilav win ii'stoek i« taken up to the date of a>-tual payt'v" 1 .'.nd'.i half i>cr cent., Messrs. Guthrie and T.a"i':i'!i guaranteeing the entire amount of the unsecured debts to the Compiny. Tho prudence of this arrangement will at once tin .".I'parent, when it is remembered that the Company tlius keeps iD its own hands tho ontiro connection of thn retirins firm, and tlui.i prevents its customers from bring subjected,to ft possible outside pressure * of debts "which its own staff of offiier.i will bo ablo to overtake in tlio usual course of business, without cost to tho Company. Tir acreemen', between thn Provisional Dlroetors that the v.ihiation of tho freehold and lensehold'lands shall bo made by Mtssr... A. \V. Morris, C. 11. Street, and Edmund Smith, accountants ; tho valuation of Keith iinnmjr, Ksq., jh'ipowner, and Andrew M'Klnnon. Esq.. shipbuilder, Port Chalmers ; and that tho net cost of Imililinga, plant, machinery, and visional Directors, assisted by competent accountants

1-nur thousand of the Company's shares fully paid, up liavo hern agreed to bo allotted to Messrs. Guthric and I arn.ich. as consideration for tlio Goodwill of their very remunerative business, tlnj' undertaking tlii'insi'lves to |viy all prciimlmiry expense' (inchuiini; brokerare, advertising, , &c ), in connection with the lloatiug nf the Company. Stock will bo tiken as ■ ■II tlio day tho Company enters into possession, and the (U-bts tine to the firm will be. taken over as from the fame date. ! The limber bust ness is most rxtensiTo, nnd nwv fairly be said to bo tho largest in tho Australasian Colonics. In connection with this branch of tho Dimness, there arc several Ultsh Mills, and ft largo lie.'t of coasting vessels, employed regularly in c.-.rry-ing supplies for thn requirements of tho Factories as Tho Import, Iron, and Hardware business of tho Arm is also very extensive. These several branches at present represent a most valuable and important part of the firm's trade, and the promoters feel confliltnt that they can bo most safely and profitably In'the New Zealand Wood ware Factories them are four distinct departments, vir. : — Ist. IManing. and Moulding Factorr. 2nd. Door and Sash Factory. 3rd. Tub and Bucket Factory. ■Uli. Furnitu.ro and Turnery Factory. prnfllab'.e extension, and as an evide'nCM grTat and Larnacli have been compelled to run' tho marhir.ery overtime, on an average two nights per week, since the opening of tho new Factories. (specially designed by liavid Ross, Vsq., 0 ArcWtec"of this city) are substantially built of brlr.k and cement on solid Milestone and ooncrcto foundations (all tlmcovering'an area, including tho timber yards,' of scvernl i\cre3 of vixliifllilc Innd in tho chief streets of the city. The whole of the splendid modern machinery was designed imd planned by an eminent cntjincerincurni in Glasgow, under Mr. (Juthrie's immediate supervision while in Britain, and aftor a very careful inspection of tho principal wood ware factories in America, liritnin, and n» tho Continent. Each machine hfts been (Irmly plucfirl on nsolidbeclof concrcto tiiii, and to n'roi'd wear and tear. Tho contrnct for tho purchaao of machinery was (.-iitcF-d into when mat»rlnls and labour in Scotland Tbe important advantaf 0 to shareholders in a .Toint Stock Company of entering into possession of a largo n anufacturing and importing business in full opcraii.onona died datf, with n thoroughly trained staff of olfioora und mtn antl n Jarpo nicrcfintilo connection without hiiTing to wfl.lt for the erection of builddings, importation of plant, stock, &c, or beijg subjected to any of tho risks and delays incidental ' lo the starting of a new bnsiness, and with all preliminary oip':U'.cs paid, should bo at once apparent to The following special advantages ari'l worthy of Ist. The whnli of tho machinery In tho Factories is driven by one pair of powerful engines, workeil by tiro men—an ensineer and liremnn—whoso wagemay fairly bo said to constitute the whole oxpenso in connection with tho motive power, as the only fuel required to keep up steam is tho sawdust and shavings drawn from the difl'op'nt factories as soon as made by moans of pneumatic tubes, and deposited in a huge brick safr;.' r ,.|uly for consumption, alongside the boilers. Hy this ineins all rubbish is utilised and madiia source of profit, and tho cost of labour reduced 2nd. The four I'nctorim beinrj workfri under ono roof, a Krnnt savint; is consequently effected, not only in tho motive power, but Also In thn manageinrnt, (hrt whole cun be fiiipfrltitc-nilccl find controlled by one mmmgfir. •Ird. T'ho T\ib and Uucktit Factory, now In full operation, has a monopoly of the supply of the>o inriiK|>r;nsahlo articles, there being no other tub and bucket factory in tho Australasian Co'onirs. A largn nlurn may therefore bo looked for lo tlio orcdit of this branch of the bnsinoss. ■Ith. Thn whole of thn Factories, especially the f urmtimi Factory, being worked in connection with ihc cencral timber business, is carried on most prolitildy, not only from the fact of the Drst cost of tho timber being procured at tho cheapest possiblo rate, but also that large quantities of short cuttings of timber, which would otherwiso el'.her bo sold as job Ms nt a low price, or sent to the furnaco to bo consumed as fuel, aro utilised. ] ho Union Hiinh unci Ijoor Com puny in AueKl/ind in of a similar character to the NY-iv Zealand Woodwarn Kuct rie.i. ~nly being inudi less nxtensivo. It is, Pi whit'may bo ~'i,,ecl.Ml 'from NiTw Zt'alaiid only been in iictivo'n|.fr«lion fora littlo overVoiir I r»n and !,aa paid ariiuial dlvidenda of M percent., 1. ■■■■:r- «iriylii K lar !; .> aniimnts to reserve fund; so that, in addition to tho voiy haudiioino year); dtviaond.», thg original j?B shnrcs ot the O«3?RPy nc» I