Page 4 Advertisements Column 1

Oamaru Mail, Volume II, Issue 388, 21 July 1877, Page 4

PROSPECTUS NEW ZEALANDMSIBEE. A2vT> WOOD-' WAEE FACTOPJES (LIMITED). ; 1 ■'• Capital, £250,000, ''" \ ? '■ In 50,000 shares of £5 each.; '"- Bfepbsit, ""payable oh application, 10a.. .per -,:osr'..'Bharfr; .'aitdtnient Call, 10s; : pe* 'share. After which it is proposed to call up~£s per in sums of, 10q. eaah; Call, lafmiter--,"-ValsJ of* not! less than three months, thus extending-' fhetof aI r payirieTfts over a period ,of one vear-frpm 20,000 fully paid up, are retained. by Messrs. Guthrie,:and,-Larnach.£iooo being, allotted for the Goodwill of the Business and _ preliminary "'expenses' of boating'the kn^ n gndthe renaming 3 6;t>oo scares being Ily_paid up by them in cash).; ,</: c wak remaining 30,bb0'snares are offered to, the public; 20,000 iii - "ISTew^'Zealand, and, 10,000 rgserved,,fpr. the- Englisfr-and AusJ markets, a number. ; of which have already been bespoken from each of those iu nla^a&^ :j i ;« ".-::■:•> ■>:■•.; *:-.i~ Provisional Direcxors. Alexander Burt, Esq.,j>f Messrs. A. and T. Burt, Dunedm ' ....... i James, EobiOj Esqif Carriage Manufacturer, Dunedin ■_- .-.■■.-- '■'-'■ Eobert Sparrow, Esq., Dunedin Iron Works, Dunedin ''. " ' Basil Sievwright, Esq?, Solicitor, Dunedin. '' G. S. Brodrick,. Snipping and' Insurance Agent, Dunedin-, • < „\ ...;.■ i .-<.,. -:? di '--'- , land Meat-Preserving Company, Kakanui .n.-:;:. ■■;<: -\ > -i r '-i - ; --■ Eobert Haworth; Esq., of Messrs. B. and T., MerchantSj. 3) unedin '] A. S. Gibbs," Esq.', o| Messrs. Gibbs and' Clayton, Merchants, Dunedin, ;; « -y-A John Reid, Esq., Merchant, Auckland. ■ . '•{ Valuators /nd Act>itors : : A. W. ;Eaq;rG."Hv&tfeet, Esq.; and Edmund Smith, :i Valuators for Vessels : " """' ; Captain Thomson, Harbor-Master > Andrew M'Kinnon. Esq., Shipbuilder, Mayor of Port Chalmers. : .. ••■-,-.- .-? 'i^eitli!Kaihsayi Esqi, ■Shipowner,'.',... / .;:..••■; •■'-•'•• "-■ Soligitors :|; , l ' .' , :."'."■ \,.\ .h f-Messrsl-.Sievwfignt;arid'Stout".' ''~ t \\\"..'.'. sA-nA j-.'/i . BAxkEiiS 't :/ /•',;' 'i' : '"',.. The Bank of iXeW- Zealand'and Branches." ' Brokers : . ~ .. , ... . ■■■, Mjeasrf.' .C'onheir and' 'Moo'die, Prmces : street," J. BY" Bradshaw, Esq., Princes-street, Dunedin. This Company is projected for the purpose of pnrchasingj and tlwtfeiafter..-carrying on Messrs." Guthrie and Larnach's well-known Factories and their extensive Im.-.. p^ct^g ; T,imbe£.ftud-Irbn Business.' '■'■}' ''.""' ~.An' agreement has been entered into with Guthrie and Larnach-to-* : sell to "the Company their new Factories, together with all their, otherdniildings, with the chinery," plant, and stock of every description, at the actual.net-rcosfeitlie whole of tne'freehold and leasehold lands, held by the firm, at. present, market value; and .their: useful fleet Vessels, also at present 1 actual value, the new;, Company: talking -over' alFcurrent agreements and uncompleted orders or., contracts,. ; ,{Por the.pujfpose.of Shewiah'd all' other valuations^,tne,gentlelnbffrespectiybly named;. hereafter, ; have.. been; appointed* by' mutual agreement-between 'Guthrie and Larnach and the Provisional Directors.). It has,also been arranged that the'new Gbrix-' " pany entire- debts due 'to the firm secured antL-iiinsecured'at par," but shall be.jenjtitled to receive onfall 'tihsecured debts'in'terest at the rate of S per cent, per , annum from when stock'is-tskbh up ; ' to the,date pi. actual- payment, and inf;addition a cbminissib'n for .collecting of two ashdti' h a 1 Jper.eent.,-ilessrs. Guthrie ;and Larhacn guaranteeiDg the entire amount of the _unsecured..d.ebts.to the Company. ' ~- " ! -"- : "'.'" Tne' prudence of -this arrangement will at once be apparent.when it is remembered that" the Companj- thus keeps in its own Hands the entire connection of .the retiring firm, and thus prevents its customers from being subjected to a possible' "Outside, pressure,, re% - cei\-in^-|npreoV,e*r;.aCommission icdr the' collection of debts, which its own-staff of officers will be able' to overtake in the ( usual course of bnsinessi witndu¥costl ibo'thfe'Cbmpany. ' _ ; . >■ . -■■■ ■:,■ ■ Byiaagreemeiit •'between , the Provisional Directors and Messrs.. ;Guthrie;and Larnach, it has been arranged that the valuation of the freehold and leasehold lands shall, be. made.by Messrs. A; W. Morris, G. H. §ti4et| j and'Edinund Smith, accountants; the \ tion of vessels by.Captain .' Harbour Master), Iveith Eamsay, Esq. (shipowner), and Esq. (shipowner, Port Chalmers); and, that the net '_ cost of buildings, plant;" machineiy, and stock shall be ascertained from the books ] and vouchers^if retiring ifirriv by'-a'Cbih- ] mittee of tlie Trbvisipnal 3 Directors, assisted t", by competent accounEaiifs and experts. - Company's,'shares, ] fully paid up, have been agreed to be-allotted ] to Messrs. Guthrie and Larnach, as cor sideration for the Goodwill of their very re- c muneretive business, they undertaking themselves to pay all preliminary expenses—in- jj eluding brokerage, advertising, etc., etc.—in connection with the floating of the Company. jiany enters into possession, and the debLs due to the firm will be taken over as from e the same date. ° The timber business is most extensive, and may fairly be said to be the largest in the a Australasian Colemes. In connection with a , this branch of the business, there are several Bush Mills, and a large fleet of coasting P vessels, employed regularly in carrying sup- s ' plies for the requirements of the Factoiies x as well as open mai-Leis. The Import, liol>, and Hardware Busiress of the firm is also very expensive. These Sl several bianciies al; piese.it repiesent a mosi valuable and importani pari, of the firm's trade, and the pvonioteis i'eel confident that -P ; they can be most safely and extended. a: In the New Zex'ard Woodware Factories T c there are four d'stincc departments, viz.:— , Ist. Sav.-ing, Planing, aid Moulding Factory. 2nd. Door and Sash Factory. G--3rd. Tub aad Buckei, i'^acLOiy. 4th. Furniture aid Trraery Factory. pi The trade of each of these is capable o c fe reat and profitable extension, and as an e\i- of lence of the great outlet for the products of J nc