Page 7 Advertisements Column 4

New Zealand Times, Volume LI, Issue 8446, 23 July 1888, Page 7

Kauri Timber Company. Pork Fitzroy Timber Company, Great Barrier Island.—lncluding nearly 6000 acres of freehold land. Several creeksjdiacharge into Fitzroy Harbor on West Coast of the Island, thus providing cheap transport for logs from the bush to the mill. Messrs Bradley and Maude* - , Kaiwaka. —There is a tramway laid down trom bush to bring out logs. Several business contracts are also to be assigned to the Company. Stocks to be taken at specified rates. Messrs W. B. Jackson and C >. (Limited), Pupuke.—Freehold lands and bush. Mr W. B. Jackson, Pupuke.—Freehold land and bush. Mr E. T. Dafaur, Solicitor, Auckland. —About 2?60 acses freehold land and bush. Whangaroa Rafting Com-') This Kauri pany, Whangaroa | T i m b e r I Com p any I acqu ires the whole |o f the I shares in Whangaroa Sawmill Com. ( these Company, Whangaroa j panies. Mr William Meikle, Mercury Bay.— Including about 1800 acres lease* hold land and bush. Mr JohnTrounson. —Freehold lands and bnsh. Besides the foregoing, the Company acquires contracts made with the following Companies and persons, for the sale of timber on their properties to be out and sup. plied at specified rates per 100 feet, viz : Messrs Lane and Brown, Whangaroa.—lncluding the right on stated terms to prohibit them from selling land and timber for five years. Kaihu Valley Railway Company (Limited). —Underthis contract advances, are to be made by the Company on completion of the first section of railway, of £15,000 at 6 per cent per annum on legal security being given over the lands selected by the Railway Company under their agreement with the Crown, and on completion of the second section, a farther sum of £IO,OOO on the same terms, provision being made for a proportionate reduction of the mortgage moneys out of any sales of land by the Railway Company. Mr James Christie.—Contract to supply timber, at per 100 feet. Messrs Hare Brothers. —Contract to supply timber, at per 100 feet. 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. C. Smith.—Contract to supply timber, at per 100 fett. In addition to the foregoing, there are several smaller purchases of the Vendor*, of which particulars are 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 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, say... ... £400,000 STOCKS OF 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. : 145.000 ACRES FREEHOLD, AND 257,000 ACRES LEASEHOLD LAND, having various terms up to 60 years to ran, 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), Ritnu, 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. The Vendors are, by the agreement with the Company, to receive 150,000 fully paidup shares ; and the Company is to take the I position of the Vendors under the contracts, to recoup them such part of the purchasemoney 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. The Directors are in a position to secure the services for a definite period, at ream-