Page 4 Advertisements Column 3

Otago Witness, Issue 1422, 22 February 1879, Page 4

" PUBLIO NOTICES. PROSPECTUS OF THE /RATLIN'S RIVER FREEHOLD SAW\J MILL COMPANY (limited.) CiPITAL, £25,000, IN 5,000 SHARES OF £5 EACH. Five Shillings per Share will be payable on Application; Five Shillings on Allotment; and Two Pounds Ten Shillings in Five C*lls of Ten Shillings eacb, at intervals of not leBS than two months. No further Calls are likely to be required for Borne time, and will only be made with the consent of the Shareholders. Provisional Directors: DAVID BAXTER (D. Baxter & Co.) GEORGE O'DRISCOLL (O'Driscoll & Co.) KEITH RAMSAY, Dunedin. T. T. RITCHIE, Dunedin. JAMES B. THOMSON (M'Gill & Thomson) ROBERT WILSON (R. Wilson & Co.) N. Y. A. WALES (Wales, Stevenson, & Co.) W. T. WINCHESTER. ROBERT ANDREW, Catlin's River. Bankers : BANK OF NEW ZEALAND. Solicitors : STEWART & DENNISTON. Interim Secretary : T. T. RITCHIE. This Company is projected with the view of acquiring that extensive and valuable property kEown the Catlin's River Saw- Mill, and thr -ugh increased capital extending the hitherto limited operations carried on for a number of years with a very considerable amount of success by private enterprise. The natural advantages pertaining to the property are unequalled, being situated in the" heart of the moat extensive bush country in the south of New Zealand, where all varieties of timber are easily obtainable, and having a water frontage for many miles to the Catlin's River and Lake— the former being navigable at present for vessels drawing eight feet, but when contemplated harbour improvements are made by Government, for which the requisite money has been voted, vessels drawing 10 feet will be able to load at the Mill Jetty. , In connection with the Saw-mill there are 1230 acres of valuable freehold, which, by ! judicious selection, commands beyond risk of interference great extent of thickly-timbered , country. The freehold haa a river frontage of 2| miles, and after the timber has been re« moved, if cut up into suitable-sized sections, will readily sell at a high figure, and yield a very handsome profit indeed to the Company. The whole of the machinery and working appliances are in firsfe-clas3 order, and for some time past the average quantity of tim- j ber disposed of has been 200,000 feet per month, but with additional appliances this quantity can be largely increased to meet the growing demand for timber throughout New Ze^]arJd, ar»d which can be delivered at the va-ioua ports at a price giving a profit of at least 3a per 100 feefc. The Proprietor 1m agreed to dispose of his interest in the property (all orders on hand to be transferred to the Company) for £13,200, to be paid in 400 shares, £3 per share paid up, and the balance payable in cash by instalments. The vendor will take 500 shares, paying ) all calh as made, and binding himself (if required) not to dispose of these shares for two years. The Provisional Directors have very carefully gone over the books of the vendor for the past 12 months, and they have no hesi. tation in saying that thi9 will prove a bona Me investment. The property has just been valued by cooapstent parties, and there can be no doubt the price asked is exceedingly moderate, and that very handsome returns on the capital invested will be at once obtain, able. The fact of the vendor taking 500 ordinary shares in the Company, shows his faith ia the remunerative prospects of the concern. It is almost unnecessary to point out the large and increasing demand which exists for building timbar, and in particular the great value o£ black pine Eor railway works, &c. Most of the timber cub at Catlin's River has been shipped direct to Oamaru, Lyttelton, &c, and when the improvements to the navigation of the river already mentioned are carried out, and larger vessels enabled to enter, timber will be landed at the various ports at a much lower rate of freight, thus giving increased profits, or, if necessary, enabling the Company to meet on equal terms any possible competition. The projected lina of Railway to Catlin's River, when carried out by Government — and there is every prospect of ita being among the first of the branch lines to be constructed — will enable the Company, in addi. tion to the seaports, to supply the inland districts with timber. Telegraphic communication will shortly be ©pened with the district, thus greatly facilitating business arraogementa all over New Zealand. The Provisional Directors, while they do not bind themselves to allocate Shares to all applicants pro rata, will, so far as they conveniently can, adopt that principle. Application for Shares may be made to I the Managers of the various Branches of the Bank of New Zealand, and to the Interim Secretary, Dunedin up to 4th March. Nearly half of the Shares are already taken up, and the Company will be registered and business commenced immediately. Note. — Since this Property has been put under by the vendor, the Mill House has been burned down, and part of the machinery damaged j but the whole being fully covered by insurance, will be replaced within a fetv weeks, at the expense of the vendor, in a more i eligible and convenient position ; and with improvements contemplated, and new machinery, the producing pewer will be very considerably increased, aid at a much lesgened cost. 8f J KITCHEN & SON'S , PETROLINE CANDLES Buyn logger, are Cheaper, and give better Light than any Imported Candles. J. KITCHEN $ SON'S PEIZE MEDAL SO^PS. To be had from all Grocers. Puwbdih Depot, Stajtord street, J. X, SCOTT, Agent,