Page 4 Advertisements Column 2

Timaru Herald, Volume XXVII, Issue 1760, 21 June 1877, Page 4

Miscellaneous. CALIFORNIAN PINES. KC\ C\f\f\ CALIFORNIAN PINES, $J\J 9 \J\J\J at Christchurch Prices; oho, a large and 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 r\ (~\(~\(~\ ROSES, including all the J.U,UUU bMt Ta ricties; also a large Stock of Fruit and Forest Trees of two, three and four years growth, carefully prepared to ensure safe removal. J. LEWIS, NUBSBBYMAN AND SEEDSMAN, Great North Road, Timaru. sju LEVELS ROAD BOARD. CAUTION. '['HE Public are hereby CAUTIONED *■ that tho approach to the CROSSING of the OPIHI, on the Main Line of Road is dangerous. By order of the Board, W. C. BESWICK, 18ju Chairman. PROSPECTUS OF GUTHRIE AND 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 months, thus extending the total payments over a period of one year from date of allotment. 20,000 Shares, fully paid up, are retained by Messrs Guthrie and Larnach (-1000 being allotted for the Goodwill of the Business and the preliminary expenses of floating the Company, and the remaining 16,000 Shares being fully poid uo 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. PROVISIONAL DIBECTOBB : Alexander Burt, Esq , of Messrs A. and T. Burt, Dunedin. James Robin, Esq., Carriage Manufacturer, Dunedin. Robert Sparrow, Esq., Dunedin Iron Works, Dunedin. Basil Sievwright, Esq., Solicitor, Dunedin. G. S. Brodrick, Shipping and Insurance Agent, Dunedin. William Moodie, Esq., Manager New Zealand Meat Preserving Company, Kalcanui. Robert Hnworth, Esq., of Messrs R. and T. Haworth, Merchants, Dunedin. A. S. Gibbs, Esq., ot Messrs Gibbs and Clayton, Merchants, Duuedin. John Reid, Esq., Merchant, Auckland. VALUATORS AND AUDITORS : A. W. Morris, Esq. ; C. H. Street, Esq. ; and Edmund Smith, Etq. VALUATORS FOB VESSELS. Captain Thomson, Harbor Master. Andrew M'Kinnon, Esq., Shipbuilder, Mayor of Port Chalmers. Keith Ramsay, Esq., Shipowner. solicitors : Messrs Sievwright and Stout. BANKERS : The Bank of New Zealand 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 all their other buildings, with, the entire machinery, plant and stock of every description at the actual net coit ; the whole of the freehold and leasehold lands held by the firm at present 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 tlie purpose of these and all other valuations, the grntlomen respectively named hrrerfter have been appointed by mutual agreement betwren 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 anDHtn 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 whioh its own staff of officers will be able to overtake m the usual course of business, without cost 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. Morris, 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 (including brokerage, advertising, &c, &c.), m connection with the floating of the Company. Stook 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 date. The timber business is most extensivs, and may fairly be said to be the largest m the Australasian Colonies.- In connection with this branch of the business, there are several Buah Mills, and a large fleet of coasting vessels, employed regularly m carrying supplies for the requirements of the Factories as well as open markets. The Import, Iron, and Hsrdware business of the firm is also very extensive. Theto several branches at present represent a most valuable and important part of (he firm* I