Page 3 Advertisements Column 5

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

■ - The Directors are in a position to secure the services »or a definite period, at remuneration to be fixed, of Messrs. David Blair, of Melbourne, and George Holdahip, of Auckland, and, with their experienced management and immediate knowledge of the trade, as well as the economy and efficiency of a united control of the whole of the properties, the Directors confidently anticipate increasingly satisfactory dividends, and the Vendors guarantee the first four yearly dividends at the rate of ten per cent, per annum, either personally or by the guarantee of & Guarantee Company. The first annual meeting to declare dividends will be held in October, 1889. The Annual Export of Kauri Timber from New Zealand, according to the latest statistics, is estimated by (he Vendors as follows, viz.:— ' To Victoria . : . M . ... 10,000,000 feet. „ New South Wales _ M 10,000,000 „ ~ South Australia \ f SSLa- - - 000.000 - ~ Tasmania ) MAKING A YEARLY EXPORT OF 25,000,000 feet. The Annual Consumption in New Zealand and the adjacent Islands has been carefully estimated at„. ... 36,000,000 „ MAKING AN ANNUAL OUTPUT OP 60,000,000 feel The Directors, from their long experience of the trade, are confident that the Company will not only be able to do business to this extent, but that year by year, as the appreciation and demand for kauri increases, a larger business may be expected. 1 Taking, however, the full extent of the Company's business to be, annually as 'above, the profits, after making all necessary deductions for Sinking Fund, etc., are estimated at much more than amply sufficient to pay the guaranteed dividend. The only charges to be borne by the Company, beyond the expenses of completing the contracts, are the usual charges for brokerage, advertising and other preliminary expenses. < The Memorandum and Articles of Association, with the various contracts hereinbefore referred to, or certified copies thereof, plans of the properties and the Agreement between the Vendors and the Company, are now lying for inspection all : the offices of the Solicitors for the Company in Melbourne and Auckland. , ' ' The accompanying extracts indicate the opinions of competent authorities and the growing appreciation of Kauri £ Timber in the Colonies and Great Britain. Applications for Shares will be received until the 28th day of July ircst., which will be deemed the date of application, by Mr. George Holdship, at the Offices of the Auckland Timber Company, Limited, in Auckland, and through any of the Brokers of the Company. . - Dated at Melbourne, this 7th day of July, 1888. " Does he strongly recommend the kauri also ?—Yes. "As useful for all purposes that softwood is used for For nearly every purpose that timber can be put to. "And you think that, with Victorian hardwood and New Zealand kauri, you could build, to the best advantage, all the rolling-stock required by the Victorian Railways?— Yes, I am certain that can be done, for I did ft for ten years in New Zealand, so there is no question about it." The following extract from the Scotch Supplement of the Timber Trades Journal of sth May, 1888, gives some idea of the prospect of opening up a good trade with the Home Markets : — " Ttio cargo a* Viaurt .wmruj landed here ex " 4nwvra." from Kaipara, New Zealand, was offered by Messrs. Allison, Consume) « Co., at their auction sale on 3rd inst., the catalogue also comprising a varied assortment of other wood goods, viz., Quebec pine deals and planks, pitch pine deals, parcels of N.S. black walnut logs, etc. As hare been before noticed in your columns, the above arrival of kauri pine is the firs* full - cargo of this wood imported into Clyde, and the result of th* public sale has been awaited with considerable interest. "A large company assembled, and there was a fair amount of competition, the result being that the greater part of the cargo was disposed of, and at good prices, particulars of which are u'demoted." Messrs. Allison, Cousland and Co.'s auction sale, 3rd May:— Per cubic foot. Per cubic foot s. d. s. d. Kauri pine— Kauri pine— 12/15 ft. 27/54 x 9 2 9 12,'21ft. 33/49 x * « 8 12/23 f fc. 21/26x9 2 9 12/24 ft. 31/37 x 4 2 7 12/19Jft. 19/20 X 9 2 8 . 12/23 ft. 2S/31X i 2 8 12/23ffc. 18 x 9 2 7 12/24iffc. 25/28x4 --£*.>*■ 12/23 ft. 16 * 9 2 6 . 13/24 ft. 21/24*4 ~ 8 15410 ft. 15/16 X 9 2 6 12/24} ft. 16/20X4 3 * 11J/23ft. , 14 x 9 2 8. 10/30iffc. 12/13 X 4 ° 15/24 ft. 17/38 x 8 2 8 10/30 ft. 8/10x4 £ e 13/23 ft. 15/16 x 8 2 7 12/24 ft. 21/26x3 i » llj/23ft. 14 x 8 2 7 12/22 ft 19/^* . 12/21 ft. 15/18X7 2 8 7/23§ft. »*« * ® 12/23 ft. 22/23 X 6 2 9 7/S3ift. .8410x3 ,25 11/23 ft. 19/20X6 2 7 20 logs Kaun pu>e - 11/22 J ft. 18/20 X 5 2 7 WW- » T?/22ft. J5/ltix 5 2 6 • *