u PBOSPEOTUS prospectus or tot „ EW ZEALAND HARDWARE COMPANY (LIMITED). IS" Capital LIOO.OOO, In 20.000 Share# of L 5 each, Of which it is proposed to call up 1-3 per Share, as follows Shillings on application, .Five Shillings on allotment, and Balance in CaHa of Five Shillings per Share at intervals of not leas than three • months. Directors : George M'L> an, K*<{.. M.H. R. R. Oliver, Ksq., M.H R. J. T. Wright, Eq. (Messrs. Wright, Stephi'nson, and Co.) John Robert-*, frt-q. (Messrs. Murray, Roberts, and Co ) T. S. <»raham, Ksq. (Messrs. Bmg, Harris, and Co.) Robert Wrlson, Eaq. (Messrs. R. Wilson and Co.); James Marshall, Eaq. (Messrs. Marshall and Copeland). BA v kjcrs : The Colonial Bank of New Zealand. Solicitors : Messrs. Haggitt Brot 'ers and Brent. MASAOKK XSD ~ECRYTAkY : Mr. John 0. Eva. This Companv has been formed for the purpose of acquiring, carrying on, aud extending the business of Messrs. « liver and Ulph, of Dune din, Hardware Merchant.-, wwch has been establiahed for a period of about sixteen years, with highly satisfactory results. At the instance of the Directors, the Books and 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 protits, exclusive of profits upon ventures foreign to the business, have yielded considerably over an average retnrn of 20 per cent, per annum npon the capital invested. Mr. Oliver, the surviving partner of the Firm, being desirous of retiring from business, and yet unwilling to relinquish so profitable an investment of capita', has arranged with the Promorers to dispose of the business on terms most favorable to the Company, and to subscribe for shares to the extent of nearly the amoant of the purchase money. The Stock-in-trade has been taken at co3t price (verified), but no charge has been for the good-will of the business. The leasehold in Manse-street has been taken over at a valuation made by Messrs. Gillies »ad Street and Messrs. M'Landress, Hepbum, and Co. . The business is now in full operation, ana, in the opinion of the Promoters, after careful inquiry, can, by the additional capital introduced into it, b« extended so as to yield a larger rtturn than is represented by the handsome profits made by Messrs. Oliver •ad tJlph. T . The Directors have secured the services of Mr. J. O. Eva, who has managed the business for some years with the highly satisfactory results indicated, and who has bees appointed Manager for the Company. It is so well known that the importation and sale of hardware is one of the most profitable of Colonial enterprises, that the Promoters deem it unnecessary to do more than simply recommend this undertaking to investors, which they do in good faith, and in the belief that the operations of the Company will yield a handsome retnrn for the capital invested. A large number of shares has already been subscribed for and the Directors invite early applications for the remainder. •Applications for shares will be received at the Offices of the Company in Mansestreet, until Monday, the 2nd of September next, on which day the Share List will dose. 494 PROSI*;- CTUS or THE TAGO SLATE COMPANY (LIMITED). o Capital £IOO,OOO (In 50,0t10 Shares of £2 each). Calls—Two Shilling-' and Sixpence per Share on application ; and Two shillings and Sixpence per Share on allotment. It is anticipated that no further Calls will i>e made upon the Short-holders until such time as i r may be found necesfa yto construct a B'-anch Railway to connect the works with the Main Line of Railway at Maheno or Otepopo. The present Proprietors of the Slate Quarry agree to dispose of their interest to the Company for the sum of £15,000, of which amount, according to the certificate of W.N. Blair, C.E.. £7so<> has been already expended in permanent works. For this sum of £ls,< o<>, the present Proprietors of the Quarry will take payment in fully-paid-up shares, and undertake net to dispose of any portion of their interests for a period of two years. Provisional I'irectors : Hon. Robert Campbell, M.L.C. Henry Driver, Esq.. M.H.R. G. G. Russell, Esq. (National Mortgage and Agency Company). George Whrttingham, Eaq. (Whittingham Bros.}. Melbourne. Walter Guthrie, Esq. (Guthrie and Larnach). John Davie, Esq. (M'Tjvndress, Hepbnrn, and Co.). John Mitchell, Esq. (Fergusaon and Mitchell). Dr. Hocken. James Haalett, Esq., J.P. (Mccksrras and Haalett). T. S. Grahame, Eaq. (Bing, Harris, and Co.). James Mills, Esq. (Union Steam Shipping Co.). B. Sievwright, Esq. (Sievwright 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, fc»sq (Proudfoot and M'Kay). With power to add to their Namber. Backers : Bank of New Zealand. SoLicrroß.s: Messrs; Sievwright and Stout. Broker: J. B. Bcadshaw, Esq. Secretary PRO TEM : James T. Mackerraa. Apvikaticns for Shares will be received by the Broier for the Company, J. B. Bradahaw. Esq., Dunedin. Also, By the' Managers of all the various Branches of- the Bank of New Zealuid throughout the Colony, from whom copies of the Prospectus and .Forms of Application can be obtained. Share' List will be dosed on the Ist of September. 328
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Bibliographic details
Oamaru Mail, Volume III, Issue 741, 24 August 1878, Page 4
Word Count
873Page 4 Advertisements Column 1 Oamaru Mail, Volume III, Issue 741, 24 August 1878, Page 4
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