Page 4 Advertisements Column 2

Timaru Herald, Volume XXVII, Issue 1763, 25 June 1877, Page 4

Miscellaneous. TO THE PUBLIC OF TIMARU. ti *j "VTOTICE is reipectfully given that the tf ■^ princip.l STORES will m future CLOSE at 9 o'clock on SATURDAY EVENINGS, commencing on Saturday next June 23. 22ju TIMARU BOROUGH COUNCIL. CELEBRATION OF THE OPENING or th* BOROUGH COUNCIL CHAMBERS By a Ball and Banquet. IT IS REQUESTED lhat early application for Tickets be made to the Members of the Committee, viz., Hit Worship the Mayor, Councillors Jonas, Stansell, and Bush, as only a limited number will be iiiued. EDWIN Hx. LOUGH, 16 ju Town Clerk. LEVELS ROAD BOARD. CAUTION. THE Public art hereby CAUTIONED * lhat the 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 psr 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 thau three months, thus extending tho total payments over a period of one year from date of allotment. 20,000 Shares, fully paid up, are retained by Messrs Guthrie and Lstrnach (4000 being allotted for the Goodwill of the Busineis and the preliminary expenses of floating the Company, and tho remaining 16,000 Shares being fully paid 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. PKOVIBIONAI DIRECTOBS : Alexander Burt, Esq , of Messrs A. and T. Burt, Dunedin. ' James Robin, Esq., Carriage Manufacturer, Dunedin. Robert Sparrow, Esq., Dunedin Iron Works, Dunedin. . Basil Sievwrigbt, Esq., Solicitor, Dunedin. G. S. Brodrick, Shipping and Insurance Agent, Dunedin. William Moodie, E*q., MarAger New Zealand Meat Preserving Company, Kakanui. Robert Haworth, Esq., of Messrs R. and T. Haworth, Merchants, Dunedin. A. S. Gibbs, Esq., ol Messrs Gibbs and Clayton, Merchants, Duntdin. John Reid, Esq., Merchant, Auckland. VALUATORS AND AUDITOBS : A. W. Morris, Esq. ; 0. H. Street, Esq. ; and Edmund Smith, E?q. VALUATORS FOE VKSSBLS. Captain Thomson, Harbor Master. Andrew M'Kinuon, Esq., Shipbuilder, Mayor of Port Chalmers. Eeilh Ramsay, Esq., Shipowner. SOLICITORS : Messrs Sievwright and Stout. BANKKBS : The Bank of New Zealand and Branches. BROKBBS : Messrs Connell and Moodie, Princes-street, 1 Dunedin. . J. B. Bradshaw, Esq., Princes-street, Dunedin. This Company i* projected for the purpose of purchasing and thereafter carrying on Messrs Guthrie and Larnach'j well-known Woodwore Factories anli 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 till their other buildings, with the entire machinery, plant and stock of every description «t the actual net coit ; the whole of the freehold and leasehold lands held by the firm at present market value ; and their useful fleet of Coasting Vessels, also at present actual value, the new Company taking over ail current . agreements and uncompleted orders or contracts. (For the purpose of these and all other valuations, the gentlemen respectively named hereafter 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 tho firm secured and unsecured at par, but shall be entitled to rtceive on all unsecured debts interest at . the rate of 8 per cent, per annam 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 sub-* jected to a possible outside pressure j receiving, moreover, a commission for the oolleotion of debts whioh its own staff of officers will be able to overtake m the usual course of business, without oost 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 j Keith Ramsay, Esq., shipowner ; and Andrew' MoKinnon, Esq., shipbuilder, Fort Chalmers, and that the net costof buildings, plant, machinery, and stock shall be ascertained from the books and vouohers 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 rery remunerative business,! they undertaking themselves to pay all preliminary expenses (including broker-: age, advertising, £o^ &>.), 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 date. ; Tho timber business is most extensive, and may fairly be said ti be the largest inthej Australasian Colonies. In connection with; this branch of the business, there are several Bush Mills, and a large fleet of coaiting vessels, employed regularly m carrying supplies fot the requirements of the Factories as well as open markets. ,'. ; Th« Import, Iron, and Hardware business of im> firm, is' also very extensive. These) ■several branches ac present rebrciaent • mottg valuable titf^ikporUnt part of the' firm'»|