Page 3 Advertisements Column 3

Poverty Bay Herald, Volume VI, Issue 817, 24 June 1879, Page 3

Sales by Ferris & Pitt. ?••-; ON ACCOUNT OF WHOM IT MAY CONCERN, ru, .! FERRIS & PltT Will sell at their mart, at 2. p. m;, To-morrow (Wednesday), of, OCHOOKER "NORVAL," A- as she now lies on Kopuni beach, . . . Wlt h E, MASTS, SAILS, & RUNNING GEAR. . Also, 1 IRON TANK = - 2 WARPS and GALLEY • 2 COMPASSES "" And anything '6lSe'' that may be -found on bqarcj. - . ™ The schooner was built at Auckland ■' in1877. : , POTATOES ! , POTATOES ! ! POTATdES!!! as: B d "TpERRIS- & , PITT have FOR n- JJ SALE, 50 tons SUPERIOR POTATOES, „■- . From Canterbury. Now is the time to secure GOOD nf SEED. - ; ;: i is Arso, ' ■:; . L 2 5 TONS EARLY WHITES. c " ,/ /-U-' *>•■/' - : / i . .. FERRIS & PITT. PROSPECTUS .......... — oy THB ..... ....,„..,. 3 ?, GISBORNE STEASIf 4 t SASH, DOOR, AND WOULDINC COMPANY (Linatedj, ' v (To be Registered uuder the Joint Stock Companies Act.) „ . ■■■'„'■■-*■,. ; .; b 'Ai)?iTA-tiv- ;;^ ; . V; ; .| £10,000, m 5000 Shares of £2 each. PROVISIONAL DIRECTORY— r . g Mb. 0. D. Beiibv, i Mk. \V. 0. Skbet Mb.- A. ..Parnell/ • ■ Mb. Geoboe Hughks Mb. John Warbex ••'•■-■ Mb. W. P. Finneban . . Mb. John Somebvell. C BANKERS: „. ( Bank op New Zealand. ' > SOLICITOR: b . •*- MurJrTr E. --RooMf.-' t SSCItETA^EYi: J / ..:■; Mb. S. J. Bbomlby. ] . . - ' : \if>- \ : fTIHE object of the promoters of tins .':•/ JL , Company is to place upon tlio market a manufactured article equal iv •jjquality to any thereby re^ 1 3: taining m the district the capital which is being annually sent away, viz., about i £10,000 5 of which probably one half v represents the labor employed m, towns r ' m New Zealand other than Gisborne, - and,- -.iu.., some cases, m America. To . . secure the retention of so large an -amount of profitable employment for--1 local workmen should, in 1 itself, be agreat inducement to give to this 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 res' quired m the business, must be pro- j j> vided. , . j It is proposed to purchase or cake over the, business and plant of Mr. , John Warren, known ns "TheGisborne Steam Joinery Works," at evaluation, upon the following terms, as follows, viz, t half cash and half m paid up shares m the Company, and to procure , a steam engine of greater power, with ! sundry other matters of plant —to en- • 1 large the present work shop, thus providing power and spaco for the, -continued increase of business. These j matters, together with the^ preliminary j expenses of floating nnd forming the Company, (unless for tho purposes of • a largely-increased trade) will not require j. more than two-thirds of the proposed J capitaLto .be called up. . v \ It is proposed to call up one-fourth of I * the capital during the first six months,' 1 5 viz. T4s per share on application, and 7 6s on allotment; 10s during the follow- . j ■ ing three mouths ; and the ' balhhce, if required, m calls of 5s each, at intervals > of no less than three months. To builders this project should corii • meuditself,;fpr. the two-fold reasons of ecoh'oiu'y of time and expense. Woodworking Companies have, as a rule, been eminently successful m New Zealand, and iheir 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 I an any time unemployed. - , The site upon which the present factory stands is held under lease at a rental of £42 per annum, theuuexpired term being 17 years. There is a right of way direct to the premises from both Gladstone and Palmorsfcon Roads, nhd direct communication with tho River, with every facility for erecting a wharf if at nny time required. The Plant is m excellent /working order.. „ The average probable weekly expenditure for Wages, Material, &c, is £200." This includes every class of material and labor to turn out the finished j article. It is probable the weekly income will bo about £250 per week ; ;. leaving a clear profit of £50 per week, or 20 per cent, on, the Capital proposed to bo called up. As a considerable number of shares 1 has already been taken up an erirly application for tho remainder is desirablo. I