Page 3 Advertisements Column 4

Oamaru Mail, Volume III, Issue 737, 20 August 1878, Page 3

PROSPECTUS -f PKOSPKCrCS ! OF Til K NEW 7KALANII FARI)WAl;l ; COMPANY (I.r.MfTKI';. Capital .. ... • i.iOU.i o', In 20,00!) -Share-: La eae'n, Of which it i- proposed to call i;;< i.3 j-ei Five Shii] i:::S oe 'i;> ■i. I*'V' .-hillie.s on .-nait, .mkL oaL'.n •. in Call-; of Five Smiling* per Sh.tn at intervals of not less than three mouths. DiiiKcroKS : George JI'L: an, iv>q., M.K.11. It. Oliver, Esq., M.H.L!. j. T. Wright, E «j- (Messrs. W right. Stephenson, ami Co.) John Robert-, E-q. (Messrs. Murray, Roberts, and l o.) T. >S. Graham, Esq. (Messrs. Bing, Harris, and Co.) Robert Wilson, Esq. (Messrs. 11. Wilson and Co. / James Marshall, K-ij. (Messrs. Marshall and Copeland). Ban KKJts : The Colonial Bank or New Zealand. Solicitous : Messrs. Haggitt Brothers and Brent. Manager and Sjjckytakv : Mr. John 0. Eva. This Company has been formed for the purpose of acquiring, carrying on, and extending.the business of Messrs. < liver and Ulph, of Dunedin, M.irdware Merchant-, which has been established for a period of about sixteen years. with hhi'hiy satisia "tory re-jt*l'. r ;. Av thu instance of the the 800 l s aid periodical Balance-sheets of the Firm have been inspected and reported upon by a competent Accountant, who has verified their correctness. The Directors find that for many years past, the net profits, exclusive of prolits upon ventures foreign to the business, have yielded considerably over an average return of '2O per cent, per annum upon the capital invested. Mr. Oliver, the surviving partner of the Finn, being desirous of retiring from business, and yet unwilling to relinquish so prolit able an investment ot capita!, iias arranged with the Promoters to dispose of the business on terms most favorabie to the Company, and to subscribe for shares to the extejit of nearly the amount of the purchase money. Tile Stock-in-trade lias been taken at cost price (verified), but no charge has been made for the £ood-\v>ll of the business. The leasehold in Manse-street has been taken over at a valuation made by Messrs. Gillies and Street and Messrs. M'Landress, Hepburn, and Co. The business is now in full operation, and, in the opinion of the Promoters. after careful inquiry, can, by tile additional capital introduced int • it, lie extended so as to yield a larger return than is represented by the handsome profits made by Messrs. Oliver and Clph. '1 he Directors liave secured the services of Mr. J. 0. Eva, who lias managed the business for some years with the highly satisfactory results indicated, and who has been appointed Manager for the Company. It is so well known that the importation and sale of hardware is one of ttie most profitable of Colonial enterprises, that the Promoters deem it unnecessary to do more than simply recommend this undertaking to investors, which they d<> iu good faith, and in the belief th.-.t the opera; ions of the Company v. ill yield a handsome return for the capit d invest'-d. A large number of shgir<»« r-as id-eady been subscribed for. and the I 'm eiors invito early applications for the reinaind: Applications for share* \v:il be received at the Oflic. s of the Company in Man-e----stn et, unt'l Monday, the L?n! of September ii'.xt, ou which day the Share List will OT AC: O SLA T K COMP AN Y (MM RED). Capital ... ... ... t'iW.UW (in otl.liiiO Shares of .i'2 each!. Calls—Two Shillings and Sixpence per Share on application ; and Tv.o i-hiiiings and Sixpence per Share oil allotment. It is anticipated thuo no further Calls will i.e made upon the Shareholders until such time as it may be found necessary to construct a Branch Hallway to connect the works with the Main Line of Railway at Maheiio or Utepopo. The present Proprietors of the Slate Quarrv agree to dispose of their intere-t to the Company for the sum of £15,01)0, of which amount, according to the certiiicate of W.N. Blair, U.K., i'7-VJ > has been aire idy expended in pennan'-nt works. 1* or this sum of £ls,' 0 , the present I'roprietors. of the Quarry will r.uke payment in iully paid-up shares, and und. vt..- e n-.s to dispose of any portion of their interests for a period of two years. Provisional I'-ikixtoks ; Hon. Robert Canipbeli, M.L.C. Henry Driver. E>q., M. H.R. G. G. Russell, Esq. (National Mortgage and Agency Company). George Whitting'.e.ui, Esq. (Whittingham Bros.), Melbourne. Walter Guthrie, Esq. (Guthrie and Laruach). John Davie, Esq. (M'Landress, Jiepburn, and Co.). •John Mitchell, Esq. (Fergusson and Mitchell). Dr. Hocken. James Huzlett, Esq., .J. P. (Mackemis and T. S. Grahame, Esq. (!'.;ug. Harris, and Co.). James Mills, Esq. (I'nion Steam shipping Co -)- B. Sievwright, Esq. (Sievwngut and Stout). W. C. Roberts, Esq., J.P. (Manager Bank of New Zealand). James Marshall, Esq. (Marshall and Copeland). Keith Ramsay, Esq., J.P. James M'Kay, ii.sq. (Proudfoot and M'Kay). With power to add to their Number. Bankers : Bank of New Zealand. .■SOLICITORS! 1 Messrs. Sievwright and Stout. Broker: J. B. Bradshaw, Esq. Sfxt.etaky pko tem : Jamts T. Maekeri\.s. Applications for Share 3 will be received by the Broker for the Company, J. B. Bradshaw, Esq., Jjunedin. Also, By the Managers of all the various Branches of the Bank of New Zealand throughout the Colony, from whom copies oi the Prospectus and Forms of Application can be obtained. Share List will be closed on the Ist oi September. 324