Page 4 Advertisements Column 2

Timaru Herald, Volume XXVII, Issue 1759, 20 June 1877, Page 4

CALIFORNIA!* PINES. j t | t KC\ f\f\C\ califoknian pines, i ( OUjULHJ at Christchurch Prices ; also, a large und varied Stock of Fruit and other Trees ON SALE. Vegetable Seed, warranted to grow. Great Reduction m Prices, on account of being principally our own growing. GEO. PURDIE & CO., Seed Growers and Nurserymen, 17m Near Bank of N.Z., Timaru. -j s-\ f\f\f\ ROSES, including all the J.vJj V-JvyvF b est varieties; also a large Stock of Fruit and Forest Trees of two, tliree and four years growth, carefully prepared to ensure safe removal. J. LEWIS, NUESBBVMAN AND SEEDSMAN, Great North Road, Timam. sju LEVELS ROAD BOARD. CAUTION. THE Public are hereby CAUTIONED * that the approach to the CROSSING of tke OPIHI, on the Main Line of Road is dangerous. By order of the Board, W. C. BESWICK, 18ju Chairman. T)R°SPECTU3 OF GUTIIRTE AND X LARNACH'S NEW ZEALAND TIMBER AND WOODWARE FACTORIES (LIMITED). Capital £250,000, In 50,000 Shares of £5 each. Deposit, payable on application, 10s per Share. Allotment Call, 10s per Share. After which it is proposed to call up £2 per Share, m sums of 10s each Call, at intervals of not less than three mouths, thus extending the total rayments over a period of one year from date of allot ment. 20,000 Shares, fully paid up, are retained by Messrs Guthrie and Lurnach (4030 being allotted for the Goodwill of the Business and the preliminary expenses of floating the Company, and the remaining 16,000 Shares being fully p^id up by them m cash). The remaining 30,000 Shares are offered to the public : 20,000 m New Zealand, and 10,000 reserved for the English and Australian markets, a number of which have already been bespoken from each of those places. PEOVISIOIfAL DIEBCTORS : Alexander Burt, Esq., of Messrs A. and T. Burt, Dunedin. James Robin, Eeq., Carriago Manufacturer, Dunedin. Robert Sparrow, Esq., Dunedin Iron Works, Dunedin. Basil Sievwright, Esq., Solicitor, Dunedin. G. S. Brodriclr, Shipping and Insurance Agent, Dunedin. William Moodie, E»q., Munager New Zealand Meat Preserving Company, Kakanui. Robert Haworth, Esq., of Messrs R. and T. Haworth, Merchants, Dunedin. A. S. Gibbs, Esq., ot Messrs Gibb« and Clayton, Merchants, Dunedin. John Reid, Esq., Merchant, Auckland. VALUATORS AUD AUDITORS : A. W. Morris, Esq. j C. H. Street, E«q. ; and Edmund Smith, E>q. VALUATOES FOB VEBBBLS. Captain Thomson, Harbor Mast-r. Andrew M'Kinnon, Esq., Shipbuilder, Mayor of Port Chalmers. Keith Ramsay, Esq., Shipowner. SOLICITOUS : Messrs Sievwright and Stout. bancbbs : The Bank of New Zealund and Branches. BROKERS : Messrs Connell and Moodie, Princes-street, Dunedin. J. B. Bradshaw, Esq., Princes-street, Dunedin. This Company is projected for the purpose of purchasing and thereafter carrying on Messrs Guthrie and Larnach's well-known Woodware Factories and their extensive Importing Timber and Iron Business. An agreement has been entered into with Messrs Guthrie and Larnach to sell to the Company their new Factories, together with oil their other buildings, with the entire machinery, plant and stock of every description at the actual net co>t ; the whole of the freehold and leasehold lunds held by the firm at presenf market value ; and their useful fltet of Coasting Vessels, also at present actual value, the new Company taking over all current agreements and uncompleted orders or contracts. (For the purpose of these and nil other valuations, the gentlemen respectively named hrrevfter have been appointed by mutual agreement between Messrs Guthrie and Larnach and the Provisional Directors.) It has also been arranged that the new Company shall take over the entire debts due to •the firm secured and unsecured at par, but shall be entitled to receive on all unsecured debts interest at the rate of 8 per cent, per annmm from the day when stock is taken up to the date of actual payment, and m addition a commission for collecting of two and a half per cent., Messrs Guthrie and Larnach guaranteeing the entire amount of the unsecured debts to the Company. The prudence of this arrangement will at once be apparent, when it is remembered that the Company thus keeps m its own hands the entire connection of the retiring firm, and thus prevents its customers from being subjected to a possible outside pressure ; receiving, moreover, a commission for the collection of debts which its own staff of officers will be able to overtake m the uiual course of business, without coit to the Company. By agreement between the Provisional Directors and Messrs Guthrie and Larnach, it has been arranged that the valuation of the freehold and leasehold lands shall be made by Messrs A. W. Morrii, C. H. Street, and Edmund Smith, accountants; the valuation of vessels by Captain Thompson, Otago Harbor Master ; Keith Ramsay, Esq., shipowner ; and Andrew McKinnon, Esq., shipbuilder, Port Chalmers, and that the net cost of buildings, plant, machinery, and stock shall be ascertained from the books and vouchers of the retiring firm by a Committee of the Provisional Directors, assisted by competent accountants and experts. Four thousand of the Company's shares fully paid up have been agreed to be allotted to Messrs Guthrie and Larnach, as consideration for the Goodwill of their very remunerative business, they undertaking themselves to pay all preliminary expenses (ineludine brokerage, advertising, &c.. See.), m connection with the floating of the Company. Stock will be taken as on the day the Company enters into possession, and the debts due to the firm will be taken over as from the same data. The timber business is most extensive, and may fairly be said to be the largest m the Australasian Colonies. In connection with this branch of the business, there are several Bush Mills, and w> large fleet of coasting vessels, employed regularly m carrying sapplies for the requirements of the Factories as well as open markets. The Import, Iron, and Hardware business of the firm is also very extensive. These several branches at present represent a most valuable and important part of the firm's '