Page 7 Advertisements Column 5

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

Kauri Timber Company. Deration to bo 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 a Guarantee Company. The first annual meeting to declare dividends will be held in October, 1889. The Annual Export of Kauri Timber from NewZealand,accordingto the latest statistics, is estimated by the Vendors as follows, viz : To Victoria ... To New South Wales To South Australia To Western Australia To Queensland To Tasmania Making a yearly ex. port of ... ... ... 25,000,000 feet The Annual Consumption in New Zealand and the adjacent Islands has been carefully estimated at ... 35,000,000 feet Making an annual output of 60,000,000 feet 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. ... 10,000,000 feel .. 10,000,000 feet 5,000,000 feet 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 brokerages, advertising, aad other preliminary expenses. The Memorandum and Articles of Asaoeiation, 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 at 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 inat., which will be deemed the date of application, by Mr George Holdship, at the Offices of the Anok land Timber Company, Limited, in Auckland, and through any of the Brokers of the Company, Dated at Melbourne, this 7th day of July, 1888. Extracts Referred to in 'Prospectus The following Extracts 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 yon 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 the colonial timber is used. - And what timber principally ?—For the framework, both of carriages and waggons, blue gum and iroubark. Grown where ?—On this side. Some of it comes from Tasmania, and some from New South Wales—jarrah and some of the other gums are also used. We do not know the names of them over there so well as they are known here, but all the eucalyptus timbers are used exclusively for the framing of carriages and waggona, and nothing else has been used there for the last twelve years. Yon have spoken of the framework ; now as to the other parts?—As to the other parts, we use kauri and rimn principally. Are both these New Zealand timbers ? Yes, both 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 floor«. Do yon find that the wood answers as well as the hardwood you have been speaking of for 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 ?—ln 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 framework of carriages constructed in Victoria ? A large quantity of blackwood has been need, 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 favor of the colonial timber by a very long way. So that this carious state of things exists at the present time in New Zealand—they are constructing carriages and waggons of Australian timber, when we in Australia are constructing our carriages and waggons of Indian timber ’—Not waggons—carriages. Carriages only ?—Yea ; but in the waggons a great deal of timber from the Baltic is used.