Page 3 Advertisements Column 2

Poverty Bay Herald, Volume VI, Issue 814, 20 June 1879, Page 3

Sales "by Bourko & Smith. CATTLE! CATTLE! CATTLE I THURSDAY NEXT, JUNE 26th, At 12 o'clock noon. . . BOURKB & SMITH Have received instructions to dispose of, on the abo\e date, af the MAKA- " RAKA SALE YARDS- . p-| f^ HE AD OF CATT LE / *J consisting of — MILCH COWS DRY OOWS ■■•-» STEERS . HEIFERS. ■ ■ . . Also,' Instructed by Mr- J. B. Poynter, OA HEAD QUIET DAIRY COWS V AND CALVES. : N.B.— This Lot of Dairy, Stock has nearly, all been bred and hail died on the Bushmere Estate, which is sumciout guarantee for, their being quiet. BOURKE & SMITH, Auctioneers. In consequence of the shortness of the days just "now, the Auctioneers have decided to hold the Sale at 12 o'clock noon, instead of 2 p.m., as previously announced. PROSPECTUS OP THE GISBORNE STEAM SASH, DOOR, AND MOULDING COMPANY (Limited), (To be Registered under the Joint Stock • Companies Act.) CAPITAL: £10,000, in 6000 Shares of £2 each. provisional directoryMr. C. D. Bekry ~ Mr7 W. O. Skeet Mb. A. Pabnell Mb. Gboroe Hughf.B Mr. JbHir Wabben ' me. w. p. fjnneran Mr. John Somer'vbll. BANKERS: Bank of New Zealand. SOLICITOR : : v ;■ Mr/ J. T. E. Roqan. . < SECRETARY: ; Mb* S. J. Bromley. r ; | itlE object pf „the promoters of ""this JL 'Company ia to place upon tho market a nianuf actured . article equal in Quality to any imported, thereby retaining in the, district the capital which is being annually sent away, viz., about £10,000 ; of whic\ 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 profitable employment for local workmen should, in itself, be a great inducement to give to tin's enterprise ; for the! carrying out 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 take over the business and plant .of Mi*. John Warren, lendwri as M The Gisborne Steam Joinery Works," at , a valuation, upon the following terms, as follows,; 1 viz. : half cash and half in paid up shares in the Company, and to procure a steam engine of greater power, with sundry other matters of plant— to enlarge the preseut work shop, thus providing power 'and space for tlie continued increase of business. These matters, together with the preliminary expenses, of floating and forming the Company, (unless for the purposes of a largely-increased trade) will not require more than two-thirds of the proposed capital to bo called up. It is proposed to oall up one-fourth of the capital during the first six months, viz. : 4s per share on application^ and 6s on allotment ; 10s during the following three months ; and the balance, if required, in calls of 5s each, at intervals of no less than three months. To builders-tliis project should, com * mend itself , for tlie iwo-fold reasons of economy of time and' expense. Woodworking Companies have, as a rule, 1 been eminently successful in New Zealand, and their dividends have been steadily increasing during the past ten years. 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 Palinerston Roads, and, direct communication with the; River, with every facility for. erecting a wharf jif at any- time required. The Plant is in excellent working prder. ; . The, average probable weekly expenditure for Wage.s, Material, &C. , is £200. This includes every claw of material and labor to turn out the .finished article. ' It •is probable 'th.6' weekly income will be about £250 * per. ■■ week '';■ .leaving a cleav profit of £50 per week; or 20 per cent, pn the Capital proposed to be called up.. V' ' ' ' ' As a considerable number of shares haaj already^ /beieiij^k^n r up/;an early application for the Remainder is -desiE,v able. ' ,'->;.!iO.f»{*:-.-iii- !.-,:> . ; :Sl .-■<*:,