Page 3 Advertisements Column 4

New Zealand Herald, Volume XXV, Issue 9116, 26 July 1888, Page 3

Messrs. Drinnan Brothers. Contract to Supply Timber, at per 100 feet. Messrs. Coates and Kendall, Kaiwaka. Contract to Supply Timber, at per 100 feet. ; " Mr. Patrick Shanahan. Contract to Supply Timber, at per 100 feet. ~, * , Mr. R. 0. Smith. Contract to Supply Timber, at per 100 feet. In addition to the foregoing, there are several smaller purchases of the Vendors, of which particulars ar&not yet to hand, all of which the Company will take over. The following is a short summary of the Properties above specified, and their values, as estimated by the Vendors, viz. - About 1,563,000,000 FEET (as most carefully i estimated by competent experts), of SPLENDID KAURI TIMBER, which at a low valuation of one shilling per 100 feet, amounts to ~. ... ... say £781,500 28 MILLS in full working order, together with Booms, Dams, Tramways and Rolling Stock, Cattle, Horses, and all Water Rights - , and Appurtenances, valued at ... j say £400,000 STOCKS OP TIMBER, ready or nearly ready for market ... . ... ... say £217,000 £1,398,500 This valuation is exclusive of any estimate for the undermentioned Lands, apart from the Timber, viz.: — 146,000 ACRES FREEHOLD. AND 267,000 ACRES LEASEHOLD LAND, having various terms up to 60 years to run, which can be converted into Freehold on payment of a small sum per acre. Neither is any estimate included in respect of large Gum Deposits to be found on the lands which the Company will acquire, and from which a considerable revenue is expected. Nor for the large quantities of Kahikatea (White Pine), Rimu, and Totara timbers, dense forests of which occupy part of the Lands the Company is to acquire, and which are of great) value. Part of the property acquired from the New Zealand Timber Company, Limited, comprises some 26,476 acres of Freehold, which has a frontage of 8i miles to the Coromandel Goldfield, and it is generally believed that large and payable gold and silver deposits are to be found thereon. The Company will also be entitled to all or any contracts made by the Vendors, not specified in this prospectus, without further payment than the cost for which the Vendors obtained them. 7 _ \ The Vendors are by the agreement, with the Company, to receive 150,000 fully paid-up shares; and the Company is'to take the position of the Vendors under the contracts, to recoup them such part of the purchase-money as has already been paid, to provide for payment of the balance, take the legal transfers, etc., and generally carry out the contracts, including certain obligations of the various concerns according to the terms of the contracts, but the Vendors are to receive all discounts to be allowed thereunder for prompt payment.

trunks may be seen from 50 to 80 or even 100 feet in length, varying from sto 12 feet and upwards in diameter. The timber has acquired a reputation above all New Zealand kinds from its value for masts, spare, and other purposes of naval architecture, which led to its being exported for use in the British dockyards about the commencement of the present century. " Except for general building purposes, its use has been chiefly confined to the North Island, where there is abundant evidence of its durability for more than thirty years in some of the old mission buildings at the Bay of Islands, the weather-boarding of which exhibits no signs of decay. The same must be said of some of the oldest houses of the City of Auckland, and in other parts of the province, although 1 have been unable to obtain trustworthy evidence of their existence for more than twenty-three or twenty-four years, as in all the town most of the old buildings have been removed to make way for improvements." " Kauri has been employed, in conjunction with totara, for the upper timbers of the Auckland wharf, the largest work of the kind tn the colony, with the most satisfactory results. Braces, stringers, and tie-beams are in good condition after being eighteen years' in use. The greater portion of the old Wynyard pier was recently removed in the formation of the Waikato railway, when many of the timbers wore found sound, although others were much decayed, after folly twenty-three years' service. " It has been extensively used for bridge timbers with the best results, but I am not aware of any instance of older date than the Auckland wharf. "The superiority of kauri to Tasmanian blue gum, under heavy wow »nd teat, has been demonstrated by the use of both timbers on the Auckland Wharf, when the former was found to last twice as long a* tit* latter, under severe tests. "At the Taupiri coal mines, sleepers'were in good condition after from five to nine years' use.' It has been used on the tramways of the Thames goldfield,' where it is sound and good after being five years in use. Mr. A. Sheath, Inspector of telegraph lines for the North Island, informs me that the kauri kerbing opposite Government House, Auckland, was taken np after being laid eighteen years, and was then perfectly sound. "It has been employed for tramway rails on the Thames goldfield and was nearly everywhere found in excellent condition after five years' wear and tear. At the Waikato coal mines it has been employed for the same purpose for nine years, and is still serviceable, which is remarkable, as the rails were cut from small-sized trees growing in the neighbourhood. Totara and rimu rails laid at the same time have perished, the former probably from having been also sawn out of young timber. On the Thames goldfield it is used for mine props, struts, and cap-pieces, and maintains its character for durability, although for this purpose tanekaha a. ck birch are often used on account of their smaller P