Page 3 Advertisements Column 2

Poverty Bay Herald, Volume VI, Issue 807, 12 June 1879, Page 3

Sales "by Ferris & Pitt. FERRIS &. PITT Will hold a CATTLE SALE at MAKARAKA, on FRIDAY NEXT, ai 12 o'clock, when they will dispose of about— ' OA HEAD OF FAT CATTLE 15; HEAD POLLED ANGUS % STEERS Several Working Bullocks Milking Cows and Stores. PROSPJtiCTUS -' *• * ■ ■''■ :'■■'■" "■■■'■.. OP.THEt, GISBORNE STEAM SASH, DOOR, AND MOULDING COMPANY (Limited), (To be Registered under the Joint Stock Companies Act.) CAPITAL: £10,000, in 5000 Shares of £2 each. PROVISIONAL DIRECTORY— Mr. C. D. Berry Mr. W. O. Skeet Mr. A. Parnell Mr. George Hughes Mr. John Warren Mr. W. P. 'Finn bran Mr. John Somervell. BANKERS : Bank of New Zealand. SOLICITOP l : Me. J. T. E; Rogan. . . ■_'' SECnETARY: ! . Mr. S. J. Bromlbx. rriHE object of the promoter^ of this I Company- is t» place, upon tho market a manufactured- article equal in quality to any imported, thereby retaining in the district the capital which is being annually sentaway, viz., about £10,000 ; of which probably one half represents the labor employed in towns in New Zealand other than Gisborne, and, in some cases, in America. To secure the retention of so large an amount" of proti table employment .for local workmen should, in itself, be a great inducement -to vgive to this enterprise ; for the carrying but of which the erection of suitable machinery will be necessary, and a continuous supply of timber and other raw material required in the business, must be provided. . - ; It is proposed to purchase or, rake •over the business and plant of Mr. John Warren, known as "The Gisborne Steam Joinery Works," at-a valuation, upon the following terms, as follows, viz :' half cash, aud, half in paid up shares jn the Company , 5 and to procure a steam* engine : of greater power^ with sundry other Watters of plaht-to enlarge the present work shop, thus providing power and space for the continued increase of business. These matfers, together with the preliminary expenses of floating and forming the Company, (unless for the purposes of a largely-increased trade) will hot require firibre than two-thirds of the proposed capital to be called up. :V It is proposed to call up one-fourth of the capital during the first six months, viz. ,: 4s per share on application, and 6s oh allotment ; 10s during the followingthree months ; and the balance, if require^ iu calls of 5s each, at intervals of no less than three months. To builderß this project should commend itself, fdr tho two-fold reasons of economy of time and expense. Woodworking, Companies have, as a rule, been eihinently successful in New Zealand, and their dividends have been steadily incveasing during the past ten year*. In the present instance work can be commenced immediately when the required capital is ; subscribed, therefore the money, will not remain for an any time unemployed. . The site upon which the present factory stands is held under lease at a rental of £42 per annum, the unexpired term being 17 years. There is a right of way direct to the. premises from both Gladstone and Palmerston Roads, nnd direct communication with the River, with every fucility for erecting a wharf if at any time required. The Plant, is in excellent working order. ..The average probable weekly expenditure for Wages, Material, &0.,,is £200. This includes every class of material and labor to turn out the finished article. It is probable the weekly income will be -about £250 per week ; leaving a clear profit of £50 per week, or 20 per cent, on the Capital proposed to be called up. As a considerable number of shares lias already been taken up an early application for the remainder is desirable. ONE POUND REWARD. STRAYED— Erom the Sir George Grey Hotel, Waereno*a-a-hika, on 24th May, ONE BAY MARE, branded like a saddle, newly branded, near shoulder ; back bit oub of each ear ; two hind fetlocks white.. Any persons returning the same will receive the above reward. A. DOUGLAS, Waerenga-a-hika. ONE POUND REWARD. QTRAYED on Thursday, last, 28th O May, a BROWN MARE, branded KP on rump ; had on saddle. Any person bringing the saddle will receive the above reward to SAM STEVENSON. N O T I C E,,... POISON has been LAID on the WHATAPUOKA RUN, and all DOGS found thereon will be DESTROYED.