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Prospectus. PROSPECTUS THE TIMARU GRAIN, FLOUR AND SAWMILLS COMPANY, LIMITED. 1 CAPITAL £50,000 In 10,000 Shares of £o Each, Pajablo as follows : — Five shillings peri&aro on application, five shillings per shai'e on allotment, and the balance m calls of ten shillings per share at intervals of- not leas than threo months ; ihus extending the total payment over a period of two years and three months from the date of allotment. 2500 Fully Paid-up Shares will be Retained by the Promoter (James Bruce). Provisional Dibectobs : B. Turnbull, Esq., M.H.R., aimaru J. Reid, Esq., Merchant, Auckland G. Stumbles, Esq., Contractor, Timaru " P. Macintyro, Esq., M.D., Timaru Plimmer, Esq. (senr.), Merchant, Wellington ° Captain J. H. Suttor, Mayor of Timaru W. H. Hargreaves, Eeq., Merchant, Christchurch Naylor Hillary, Esq., C.E., Waimate James King, Esq., Farmer, Timaru Robert Wood, Esq., Miller, Timaru Donald Maclean, Esq., Stock Agent, Timaru Alex. Sinclair, Erg., Builder, Timaru James Shears, Esq., Brick Manufacturer, Timaru Alex. Wilson, Esq., Land Broker, Temuka John McGregor, Esq., C.E., Dunedin J. L. Morris, Esq., Merchant, Pleasant Point. Valttatobs of Machinbet and Pl\nt .- Jameß Gray, Esqi" (Messrs Reid and Gray), Dunedin Charles McQueen, Esq. (Messrs Kincaid and McQueen), Dunedin. Valttatoes of Land and Buildings : Thomaß Roberts, Etq., 0.E,, Timaru M. do H. Duval, Esq., Architect, Timaru. Valtjatobs op Shipping : Captain J. H. Sn'f«-, Timaru Captain Mills, H:.: .. Unßter, Timaru. Solicitors : Messrs Eci.: xnd Knubley, Timaru. Banxebb : The Bank of New Zealand. Brokebs : Messrs Maclean and Stewart^Timaru. This Company is projected with a view of acquiring by purchase, and thereafter carrying on the Business of the Promoter (James Bruee) m the manufacturing of Flour, Oatmeal and Pearl Barley. Also, for the' purpose of importing from his forest m the North Island, Timber ef the beat description, and preparing the same for market m every available form. Included m the above will be the well-known brigantine Nightingale, and about 1600 acres of Freehold Kauri Bush Land m the North Island. For the acquirement of which business and property, the Directors have entered into an agreement with Mr Bruce, that the same bo taken over by the Company at the amount as fixed by the Valuorß appointed. Stock will bo taken on whatever date tho Company take possession, and debts due will bo transferred on the Bame date, Mr Bruce guaranteeing the samo all good to the Company. The Flour, Oatmeal, and Pearl Barley Mills will compare favorably with any works, of the kind m the Australian Colonies (vidt report of Valuators attached). The machinery iB capable of preparing for the market about 20 tons of Flour per day, with 4 tons of Oatmeal and 1 ton of Pearl Barley ; and that m the Sawmills (including Planing and Moulding) is equal to an out-put of 10,000 superficial feet of marketable Timber per day. The Timber Business is already extensive, and increasing. The Freehold Bush Land, m the Dißtrict of Auckland, belonging to the Promoter, is roughly estimated as yielding at from ten to fifteen years' supply of first-class Kauri and Hed Pine Timber. Vessels of 400 tons burden can load withj;perfect Bafety all the year round, m close proximity to the Bush, and have quick despatch. The important advantages m favor of Shareholders m this Company are apparent and manifold. They enter directly, with a knowledge of the full cost and liability, into a large undertaking, m full operation, upon a fixed date, with a complete and firet-claes plant m each department, a staff of experienced workmen, and an established good going business connection. There is no waiting for the erect ion of buildings and machinery, or the preparation of plant, m the present instance ; neither are tho financial interests of Shareholders subject] to the uncertainties, risks and delays incidental to the establishing of a new and untried business. In all these respects everything it complete and m full working order, — the return 3 begin with the date of entry. The following specialties m connection with tho Industries may be mentioned, viz : — That thn Flour Mill department at once Bupplies a much-felt want m the District, amongst all classeß of tho community. To the farmer it is a boon, as it provides a good and ready local market for farm produce ; to bakers and others, m providing a flour of acknowledged superior quality. Ample testimony can be had as to the genuine quality of the products, wherover these have been introduced throughout tho Colonies. Timaru beina tho centre for South Canterbury, tho largest grain producing district m New Zealand, and a Port for shipping, with the harbor improvements now being carried out, it is m the best position possible for offering its breadatuffs to the markets of the world, which shows that there is ample scope for such a magnificent concern as the Flour Mills are. The central position of the Mills, and their immediate proximity to Grey street, the Great North Road, uad to tho Main Line of Railway, with which latter they are directly connected by extensive sidings on two sides, give ppocial advantages for economically working the concern, enabling customers m and out of town to obtain their goods with dispatch and without any extra handling or cartage. Tho Bußinets that the Promoter now offers has been worked by him up to its present dimensions and position during the last fourteen years with much success ; but m order to keep pace with the growing requirements of the colony, he finds a large capital is required to more fully dcvelope the trade he has established m Timaru. Mr .Bruce will idoutify himself with the Management, and retain one-fourth of tho capital of the Company, thus showing his faith m tbo concern m tho most practicable manner possible. Tho situations of tho Mills, the premises, machinery, plant, and whole appliances are of a character that naturally and speedily opens up a widely-extended and extremely prolifio trade, and tho products being of everyday requirement, call forth the employment of additional capital as the business developes, and for which the Promoter guarantees to each Shareholder ten per cent per annum as the first charge on tho profits of the Company for two yeara. The Promoter now offers to investors an opportunity to dovelopo a local and colonial industry, and to participate m handsome profits as a return for the capital invested. The Company will be governed by a Board of Directors chosen by tho Shareholders. Particulars as to amount of valuation made, &0., is horewith attached, which is accepted by tho Promoter and tho ProTieional Directors. Copios may bo had by investors at the. office of tho Brokers. The Share List will close on Tuesday, 2nd Augußt, 1880. In making tho Allotment the Provisional Directors will consider tho order m which applications have'^bcen made. Forms of Application for Shares may be obtained at tho offices of tho Promoter (M. James Bruco), and at Maclean and Stowart , Timaru ; also, at tho offices of John Reid, Efq., Merchant, Auckland ; Messrs Plimmor, Rcoves and Co., Wellington ; W. H. Hargrcavca, Esq., Merchant, Chriatchurch Messrs Fleming and Hedley, Stock Agents, Oamaru; John A. McKenzie, Esq., Sharebroker, Dunedin ; aud G. F. Martin, Esq., Stock Agent, Inveroargill. 4jn SPRING WHEAT. FOR SALE— Prime TUSCAN SEED WHEAT at four shillings per bushel, delivery at Trevenna Farm, Temuka,or Winslow Railway Station. JOHN GRIGG, s jy Loagbaach,

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Page 3 Advertisements Column 5 Timaru Herald, Volume XXXIII, Issue 1820, 22 July 1880

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