Page 3 Advertisements Column 4

Oamaru Mail, Volume III, Issue 742, 26 August 1878, Page 3

PROSPECTUS PROSPECTUS ! OF THJJ NEW ZEALAND HARDWARE COMPANY (LIMITED;. Capital LIOO.OUU. In 20,000 Shares of L 5 each. Of which it is proposed to cull u;> L 3 per Share, as follows : Five Shillings on application, Five/ Shillings on allotment, and Balance in Calls of Five Shillings per Share at' intervals of not less than three months. Directors : George M'Lr-an, Esq., M.H.R. It. Oliver, Esq., M.U.R. J. T. Wright, E-q. (Messrs. Wright, Stephenson, and Co.) John Roberts, Esq. (Messrs. Murray, Roberts, and Co.) T. S. Graham, Esq. (Messrs. Bing, Harris, and Co.) j Robert Wilson, Esq. (Messrs. R. Wilson and Co.) James Marshall, Esq. (Messrs. Marshall and CopelaDd). Bamcers: The Colonial Bank of New Zealand. Solicitors : Messrs. Haggitt Brothers and Brent. .V.ANAGKIt AND ~ECEYTA-Y: Mr John O. ftva. ■ | This Company lias been formed for ill.purpose of acquiring, c.-irrying on, and extending the business of Mu.-srs. ( liver and UJph, of DutiHclin, Hardware Merchant., j which has been c.-.fabiished fur a period of abor.r s : sNo:i years, with highly satisfactory results. .-', i she 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 profits, exclusive of profits upon ventures foreign to the business, have yielded considerably over an average return of 20 per cent, per annum upon 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 capital, has arranged , with the Promoters to dispose of the business on terms must favorable to the Company, and to subscribe for shares to the extent of nearly the amount of the purchase money. The Stock-in-trade has been taken at cost price (verified), but no charge has been made for the good-will 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 the additional capita" introduced into it, be extended so as to j ie'd a larger return than is represented by the handsome profits made by Messrs. Oliver and Ulph. 'J he Directors have secured the services of Mr. J. O. Eva, who has managed the business for some years with the highly satisfactory results indicated, aud who has been 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 return for the . capital invested. A large number of shares has already been subscribed for. and the Directors invito 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 ! close. 494 PROSPECTOS OF THE OTAGO SLATE COMPANY (LIMITED). Capital £IOO,OOO (In 50,000 Shares of £2 each). Calls —Two Shillings and Sixpence per Share on application ; and Two Shillings and Sixpence per Share on allotment. It is anticipated that no further Calls will be made upon the Shareholders until such time as it may lie found necessary to construct a Branch 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., £7501) 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 not to dispose of any portion of their interests for a period of two year 3. Provisional T;rRECTOBS: Hon. Robert Campbell, M.L.C. Henry Driver, Etq., M.H.R. G. G. Russell, Esq. (National Mortgage and Agency Compa-v). George Whittingbam, Esq. (Whittingham Bros.), Melbourne. Walter Guthrie, Esq. (Guthrie and Larnach). John Davie, Esq. (M'Laudress, Hepburn, and Co.). John Mitchell, Esq. (Fergusson and Mitchell). Dr. Hocken. James Hazlett, Esq., J.P. (Mackerras and Hazlett). T. S. Giabame, Esq. (Bing, Harris, and Co.). James Mills, Esq. (Union Steam Shipping 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, Jisq. (Proudfoot and M'Kay). . , With power to add to th&ir Number. Bankers : Bank of New Zealand. Solicitors : Messrs. Sievwright and Stout. Broker: J. B. Bradshaw, Esq. Secretary pho teu : James T. Mackerras. Applications for Shares will be received by the Broker for the Company, J. B. BradKhaw, Esq., Dunedin. Also, By the Managers of all the various Brauches of the Bank of New ZeaUud throughout the Colony, from whom copies of the Prospectus and Forms of Application can* be obtained. Share List will be closed on the Ist of September. 326