Page 3 Advertisements Column 3

Poverty Bay Herald, Volume VI, Issue 818, 25 June 1879, Page 3

Sales "by Ferris 8s Pitt. NOW IS THE TIME TO PLANT. FERRIS & PITT (Instructed by Mr Hill) will sell by auction, at their mart, on I SATURDAY, JUNE 28th. At 11 a. in., L- TTH3REST AND ORNAMENTAI !r Jj TREES AND SHRUBS. i: FRUIT TREES, 1, 2, and 3 years old. The above are all grown m the BaVj and as they are perfectly fresh, there it no chance of ther,e being failure. POTATOES I . POTATOES JJ ( . iPOTATOES!!! • TT^ERRIS & PITT have FOB Jj SALE, 50 tons SUPERIOR POTATOES; From Canterbury. Now is; the time to secure GOOD SEED. Also, 5 TONS EARLY WHITES. I * • ; FERRIS & PITT. PROSPECTUS OF THE GISBORNE STEAM ' SASH, DOOR, AND MOULDING „ COMPANY (Limited), : (To be Registered under the Joint Stock Companies Act.) CAPITAL : £10,000, m 5000 Shares of £2 each. PJROVISIONAL pIRECTORY— 'i ' .■■■•. Mr. C. D. Bbrrv Mk. W. O. Skeet Mb. A. Paiinell Mit. George Hughrs 1 Mk. John Warren Mr, W.-P» Finn bran Mr. John Somervell. BANKERS: Bank of New Zealand. if 2 . SOLICITOR T '- Mb. J.< Tr E. Ro(Jan. : - SECRETARY: •'': •'*• :-.:t^;;,.i-HB.vS.- J» Bbqmuby.. r ;' TTIHE object of the proniotera of thia c JL Company" is t<» place upon the < market a manufactured article eaual m a Equality to any imported, thereby retaining m the district the capital which y is being annually sent away, viz., about £10,000. ; of which probably one hall represents the labor employed m towns m New Zealand other than Gisborne, and, m some case 3, m America. To secure the retention of so large an 7 amount of protitable employment foi local -workmen should, m itself, be a great inducement to give to this enterprise ; for the carrying out of whicl .the erection of suitable machinery will 3. be necessary, and a continuous supply of timber and other raw material rej- nuired m the business, must be provided. It is proposed to purchase or take aver the business and plant of Mr. John Warren, known jib "TheGisbornt Steam Joinery Works," at a valuation, upon the following terms, as. follows, viz. : half cash and half m paid uj shares m the Company, and to procim •; a steam engine of greater power, witl sundry other matters, of plant —to en large the present work shop, thus providing power and space for th< *■" continued increase of business. Thes< c matters, together with the in-elhninarj '" expenses of floating and forming tin ! Company, (unless for the purposes of i largely-increased trade) will not require - more than two-thirds of the propose< capital to be called up. It is proposed to call up one-fourth o [. the capital during the first six months viz. : 4s per share on application, an< T 6s .on allotment ; 10s.dining.aho follow; p ing three months ; and the balance, i required, m calls of 5a each, at interval 10 of no less than three months. jj To builders thia project swbuld com le mend itself, for the two-fold reasons o economy of time and expense. Wopd working Companies have, as a "rule been eminently successful iv New Zert k* land, and their , dividends have beei steadily increasing during the past tei years. In tho prosent instance worl can be commenced immediately whei L< ) the required capital is subscribed therefore the money will not remain fo >. an any time unemployed. »rt The site upon which the presen factory stands is held under lease at rental of £42 per annum, the unexpirei __ term being L 7 years. There is , a righ of way direct to the premises from bot 1 Gladstone nnd Palmers ton Roads, nn direct communication with^ the Rivei with every facility for erecting a whai J if at any time required. The Plant i m excellent working order. - The average probable weekly expend! ture fur Wagca, Material, &c. , is £2(X "■■- This includea every claas of lnaterii and labor to turn out the finishe »c article. It is probable tlie weekl )F income will be about £250 per week e _ leaving a clear profit of £50 per week, c 20 per cent, on the. Capital proposed t •ry be called up. As a considerable number of share has already been taken up an earl application .for the remainder, is desii able:""' - </■■'■'/ . ' i; - '7/ • ' I T3ROOF OF DEBT FORMS, und( ;! X^. tUe BanHmptcy Act, ON SAL iv-- at the HBi^Ati) Offide; ' «; >