Page 3 Advertisements Column 1

New Zealand Herald, Volume XXV, Issue 9118, 28 July 1888, Page 3

OF TECH. ■ , Registered und.er the "Companies' Statute, 1864." CAPITAL: £1,200,000 ■ - - ■ - IN 600,000 KILAKKS ;OF £2 EACH, Of which 450,000 Shares are now offered to the Public on. the following terms of payment, viz.: • i os. on Application; ss. on Allotment; ss. in Two Months from Application; ss. in Three Months from Application. It is not anticipated, that it will be necessary to 7?iafee any further Calls, bat in any case they will not be made in larger sums than &S. Get. per Share, nor at intervals of less than three months. The remaining 150,000 Shares are retained for the 'Vendors, as hereinafter stated. A. Dividend of 10 per cent, per annum upon the Paid-up Capital is guaranteed, for Four Years by the Vendors. 1.00,000 SHARES ARE SPECIALLY RESERVED IFOIR, 3STEW ZEALAND. DIRECTORS : Hon. JAMES BALFOUR, M.L.0., Messrii. Balfour, Elliott & Co., Limited, EOBT. HARPER, Esq., M.L.A., Messrs. Bobt. Harper & Co. GEORGE LUSH, Esq., Messrs. Newell & Co. GEOEGE H. MANN, Esq., Messrs. Ettershank, Eagles tone & Mann. HARVEY PATTERSON, Esq. Hon. Lieut-Colonel F. T. SABGOOD, C.M.G., M.L.C. JOHN SHARP, Esq., Messrs. John Sharp & Sons. ' ... v Managing Director: Local Director for New Zealand: DAVID BLAIB, Esq., Market Street, Melbourne. GEOBGE HOLDSHIP, Esq., Auckland ■ Solicitors: Negotiating Brokers: ... - '• Mfissas. MADDEN & BUTLEE, 75, Collins Street "West, Melbourne E. T. DTJFAUE, Esq., Auckland. Messes. STEWART & GAELICS, Auckland. !1 j • ■< < . Bankers : ' ' j L - \ BANK OF AUSTRALASIA LANK OF NEW SOUTH WALES. BANK OF NEW ZEALAND. THE CITY OF MELBOURNE BANK, Ltd. Secretary (pro tern.): 4 A. M. YALANTINE, Union Buildings, Chancery Lane. ... Brokers—Melbourne: Brokers— : Messes. CLARKE & CO. WM. NO ALL, Esq., Collins Street East. JAMES DONALDSON & CO., Limited. ERASER & CO. CHAPMAN & WAKLEY, Limited. Messrs. BBOCK BEOS., Metropolitan Chambers, Collins Street, East. HEBBEBT WILSON & CO., Limited, Collins Street West. ' * : t Applications for Shares to be made to JMLr. George Holdship, at the Offices of the jlnchland Timber Company, Custom Street West, Auckland. -- j Prospectuses and Application Forms at the "Herald" and "Star" Offices, or from any of the leading JBrokers. , ,

THE Company is formed for the purpose of acquiring and completely taking over all rights and obligations under • Contracts of purchase recently made of the Properties, Businesses and Assets of- the companies and owners hereunder set out, which include nearly all the present Kauri Forests alien--5 ated from the Crown, and the most important Saw-mill interests In the North Island of New Zealand, and for completing such contracts, and carrying on, and working all, or so many as the Directors may think fit, of such Saw-mills most of which are at present in full operation, with the view to trade principally in sawn and dressed wood, and for any other purposes mentioned in the Memorandum of Association that may bo required. These Contracts the Vendors • have, after negotiations, : conducted at great expense and trouble, and extending over a considerable period, been able to secure on extraordinary favourable terms, being aided thereto by the extreme competition between the numerous proprietors. ... The documents themselves, or certified copies, can be inspected at the offices of the Solicitors to the Company, in Melbourne and Auckland," together with an approximate statement) of the purchase moneys, so far as they can be , ascertained. It is Impossible at present to state these purchase moneys exactly for various reasons, such as that the purchases include large stocks of timber of yet undetermined quantities; in some instances the purchases are going businesses, and some of the contracts are for the future supply of ' timber to be paid for at specified rates. The Vendors to the Company Messrs. George Holdship, Harvey Patterson, John Sharp, William Smith, George Napier Turner, William Harper, John Moodie, George Lush, George Shaw, Robt. J. Harvey, George Hay Mann, Matthew Lang, Matthew Henry Davies, Edwin C. Elliott, John H. Patterson, Alexander Fraser Ross, Michael Willis Fergusson, David Blair, Charles F. Orr, and Thomas Christian; and the following are the principal concerns which they have acquired, viz.:— Auckland Timber Company, Limited, including this Company's Mills at Sydney, Auckland, Port Charles, I Whangaroa, Mongonui, and Kennedy's Bay, with rights to Forests and Freehold Lands in the immediate neighbourhood. The Sydney property has an area of about five acres, with a valuable frontage to Sydney Harbour, the Mill and Site being valued at the present time * at £40,000. The Auckland Mill Site has also a large Water Frontage of greatly increasing value, and the Mill is most complete and extensive, and is valued at ' £40,000. The Kauri Timber Company is to take over with these Properties the steamers "Terror," "Yankee Doodle," and "Hokianga," and the schooners " Mariner," " Kauri," and "Rata," and the whole of this Company's Assets and Liabilities as a going concern. New Zealand Timber Company, Limited, including Mills at Auckland, Whangapoua (two mills), and Freeman's Bay, with Freeholds, including Lands believed to be auriferous. The Cutters "Fanny," "Nellie," "Gipsy," and the Barges "Progress" and " Waitemata," and several Punts, Boats, etc., are taken over by the Company. On the property there are three miles of Tramway, with three Locomotives, five Trucks, and Gear. The Town Leaseholds have valuable Frontages to the Main Streets. This Property is to be taken aa a going concern from 31st December last. The following Extracts are from the evidence given by Mr. Allison Smith. Locomotive Superintendent on the Victorian Railways, before the Forests Commission in April, 1887. Your position, both in New Zealand and here, affords you exceptional opportunities of knowing the value of colonial timbers ? Yes. Would you be good enough to say if any of the colonial timbers are used in New Zealand ?—Nothing else but tho colonial timber is used. And what timber principally ?—For the framework, both of carnages and waggons, blue gum and ironbark. Grown where ?-On this side. Some of it comes from Tasmania, and some from New South Wales—jarrah and some of the other gunmre also used We do not know the names of them over there so well as they are known here, but all tho eucalyptus timbers are used exclusively for the framing of carriages and waggons, and nothing else has been used there for the last twelve years. You have spoken of the framework ; now as to the other parts ?—As to the other parts, we use kauri and riinu principally. Are both these New Zealand timlxs ?-Yes, both of these are New Zealand timbers. That applies to the carriages ?—Carriages and waggons. Are the sides of the waggons kauri also?-Yes, both sides, ends, and floors. $>» MI ted that the wood answers as well as tho hardwood you have been --peaking tec frames?-No, these timbers are pines, and are not specially suitable for framework. They take the place of the Baltic timber which is used here for similar purposes. In Victoria '-In Victoria; so that you are bringing inferior timber all the way from the Baltic, when you can get New Zealand timber close at hand, and of better quality. And of what kind of timber are the frameworks of carriages constructed in Victoria ?— A large quantity of black wood has been used, and also large quantities of teakwood imported from Rangoon. Do you consider that the teak is equal to the hardwood of New Zealand ?-~ There are many advantages in teak. It is a light timber, and easily worked, but it is a very expensive one, and I think that, under the circumstances. the balance would be in favour of the Colonial timber by a very long way. So this curious slate of things exists at the present time in New Zealandthey are constructing carriages and waggons of Australian timber, when we in Australia are constructing our carriages and waggons o Indian timber? -Not waggons—carriages. Carriages only?— Yes; but in the waggons a great deal of timber from the Baltic is used. Notwithstanding that the Australian timber- ■ ?—New Zealand timber fa more suitable for the sides and ends and floors.