Page 3 Advertisements Column 2

Poverty Bay Herald, Volume VI, Issue 808, 13 June 1879, Page 3

PROSPECTUS :,. OF THE GISBORNE STEAM SASH, DOOR, AND MOULDING COMPANY (Limited), (To be Registered under the Joint Stock . Companies Act.) " CAPITAL! „ $10,000, in 5000 Shares n o£,£2 each. PROVISIONAL DIRECTORY— 7 Mn, C. V.'J&jLvkYl . ; Mb.-: W. O; Skeet ; . Mr. A. Paenell Mr. GeobgeHughks * Mr. Jothn Wakrbn V ■■ MR. W. Pi FINNERAN Mr. John Sombrvbll. 11 ' BANKERS^ ' ' '• •" .•: Bake: of New Zealand., ;• > ; .SOLICITOR:: • .if Mr, J. T. E; Roqan, r .. SECRETARY: . / Mr. S. J. Bromley. rTlHEobjdct of the promoters of this, I Company is to place upon the market a manufactured article equal in quaUty to any imported, thereby retaining in the district tlie capital which is 'being annually sent away, viz., about £10,000 ; of which probably one half represents the. laboijemployejd in towns in New Zealand other than Gisborne, and, in some cases, in America. To secure the retention of so large an .amount of profitable .employment for local workmen should, in itself, be a great inducement tp give to this enterprise ; for ; tlie, carrying out of .winch tKe '.erection .of suitable .machinery ;W,iU be necessary, and a continuous supply of timber arid other" raw material required ' in : the business, ' < must 'be provided.:'i- /- -.. ' '.i>.s,; 4 ;.. .-.■ ■ :•, n t fy ia .proposed to^ purchase or take over the business!. and 'plant 1 of Mr. John Warre^i, known as "The Gisborne Steam Joinery Works," at a valuation, upon the .'following terms, as follows, viz t half, cash and half in paid up shares in the Company, and to procure ajrteam .jngine of greater power, with sundry other matters of plant— to en- . large .the^-present; ; work . shop, • thus providing power.- and space for the continued increase of business. These matters, together J with the preliminary expenses of floating and forming the Company, (unless for the purposes of a lai'gely -increased trade) wUI not require more than two-thirds lof the proposed capital .to be called upj; , L It is proposed to call up one-fourth -of thecapital during the; : first six ; months, viz* :4s per share on application, and 6s on allotment ; 10s during the following 'thre® moQ ths ; and the t balance, ; if required, in Calls, of 6s each, at intervals .of no l^ss than three month's. !: To builders this project shoulcl commend itself, for the two-fold^ reasons of economy pf time and expense. WoodWorking ? bave^ ■as fc'^file, been eminentfy successful in ; ! New l; Zea'land, atffl their dividends have steadily increasing duting the paat tsn years. J In the present instance work dan be' commenced immediately- when the required > capital is* subscribed* thereforo the money will not remain for «in any t|me- unemployed^ ! The site upon which the present factory stands is held under' lease' -at a rental of £42 per annuth, the tinexpired terni being 17 yearft. Tliere is ; a right of way direct to tlie premises from both Gladstone and Pal£ierstp,n B,oads,^Qnd direct communication \vjitH ' the'River, with every facility for erecting a wharf, if at any time required. The Plant is dri excellent working oiSder. I. ; «. ; The average probable weekly expenditure for Wage's, Material, &c;y is £200. .This' includes every: dais lofj material and labor to turn . out the finished article...' It. is probable the weekly income wiU.W about £250 per week ; leaving a clear profit of ; £so per week,, or 20 per cent, on the Capital proposed to be called up. ? - . c : ' As a considerable nuniber of ■ shares has i already -been T taken up an «orly application for the remainder is desirable.- • ' "•'.'< :: HAX ! HAY ! HAY ! TTIOR SALE-STACK O? . HAY, Apply ' K : oteCE OF THIS PAPER. ' POTATOES ! ] ! Ex "SooTHBRN Cross" from Lyttei/ton. • :-i. .;■.'• r; ';y_j; 'n- / ■ • ■ ■ ; ; .i ■' ■ \' ,■■■. ■ ■• ' pf TONS SPLENDID POTATOES. . WILLIAM AD AIR. TO LET. 'X. COTTAGE with JLJL good. Garden, well stocked with Fruit Trees.; Apply . L. MoINTOSH. N OTICE. POISON has been LAID on the WH ATAPUOKA RUN, and all DOGS found thereon will be DESTROYED. WANTED TO PURCHASE A FEW TOWN SECTIONS, and a SECTION OF GOOD LAND, from 20 to 100 acres. Apply ; ! < FERRIS & PITT*