Page 3 Advertisements Column 2

Timaru Herald, Volume XXXIX, Issue 2769, 8 August 1883, Page 3

Prospectus. JACOBSEN'S PIONEER EXTENDED DIAMOND MINING COMPANY, LIMITED, AiFORD FOREST. To be incorporated under " Tho Joint Stock Companies Act." CAPITAL ... £18,750 In 100,000 Shares. 23,000 paid up, and 75,000 contributing at r>3 each, 50,000 of which aro now offered to the Public. Deposit on application 3d per share, payable on allotment 3d per share. Further calls, not exceeding 6d, the first, second, fourth, and sixth month after allotment (equal to 2s 6d). This, it is believed, ■will comprehend the whole outlay, as it is anticipated no more capital will be required. Provisional Dieectobs : Mcssm J. S. M. Jacobsen, architect, Christchurch C. Louisson, Crown Brewery, Christchurch W. T. Grinsted (Grinsted nnd Co.), Christchurch T. Aulsebrook (Aulscbrook and Co.), Christchurch P. F. Jacobsen (J. S. IT. Jacobsen and Co.), Cliristehurch B.Pnflett (Manager Union Steamship Co.), Christchurch R. N. Newby, gentleman, Christchurch J. B. Hoyle, •woolstapler, Christchurch J. Izett, journalist, Christchurch. (With power to add to their number.) Baxkees : The Colonial Bank of New Zealand. Solicitor : Mr Wcston. Bbokees : Ollivicr and Gricrson. Secretary pro. tejt.: Mr Leonard W. Blake. Ofpices : Post-office Chambers, Cathedral Square. The boundary lines of this valuable Mine (the next adjoining the Pioneer Company) have been marked off by the discoverer, Mr J. S. M. Jacobson, and is declared by him to be of nearly if not quite equal value to the property held by the Pioneer Company. The Projectors therefore have every confidence iv offering it to the Public. It is estimated by Mr Jacobsen that an enormous profit per annum will accrue to tho shareholders from the very valuable nature of the Mine, of which therecannowbenoreasonI able doubt, on the one hand, and, through great natural advantages, the comparative small cost of working on the other. The Company's title is held under a 12 months' preliminary license, secured by Mr W. T. Grinsted, over 180 acres, comprising the very centre of the limited recognised diamond bearing formation. A further lease of thirty years will be applied for and obtained. 23,000 paid-up sharc3 are reserved by the Projectors as a reasonable consideration for the handing over this large and valuable Mine. 50,000 contributing shares aro now offered to the Public. The balance, 25,000, will be placed subsequently. It is anticipated that less than one-half of the capital as above will be required, for upon the erection of the necessary plant and machinery, nnd flic cmploymcntof 303 or 4oo hands, an immediate supply of diamonds will be available, resulting m large dividends. Applications for shares (forms can be obtained at the Company's and Sharebrokera' offices), accompanied by the deposit above ro ferred to, to be sent to the Secretary, Mr Leonard W. Blake, Post-office Chambers, Cathedral Square, or Box 363, P. 0., on or before Monday, the 13th inst. If applications m excess be received the allotment will be pro rata, subject to the Company's Deed of Association. 8-8 6273

PROSPECTUS OF THE GERALDINE DAIRY AND BACON CURLN& COMPANY, LIMITED. To bo Registered under The Joint Stock Companies Act 1882. CAPITAL, £5000, IN 1000 SHARES OF £5 EACH. To bo called up as follows : — Five Shillings per Share on application, Fire Shillings per Share on allotment, and Calls of not more than Ten Shillings per Shave at intervals of not less than three months. Pbovisio>-ai DiEEcrong : Messrs Wm. Pestlethwaite, W. U. Slack, Robert Fish, Rev. George Barclay, Robert H. Postlethwaite, Walter Moore, j B . Bailey, Louis Grant, Alex. MeKenzie, Kyran Brophy, David Shaw, Jeremiah Connolly, N. Dunlop, Robert Skinner, Wm. Coltmaii, Job Earl, John Mundell, Alex. Kelman, E. H. Templar, James Gregg, William Shieia, John Allan, F. R. ilatman, Thomas Farrell, Edmund Burke, Amo3 Sherratt, W. E. Barker and others. Ba>"kebs : Bank of New South Wale?. Secbetabt : Mr J. Y. AVard. Theasfbeb : Mr John Cunningham. Soliciiob : Dr Foster. Bbokeb : Mr W. S. Maslin. Tho Provisional Directors present this Prospectus to the public generally, and at the samo time would direct the special attention of Farmers m the immediate district to some of the advantages secured by making Dairy Produce under the Factory system. (1.) It is an accepted commercial axiom that where the greatest quantity of any article can be made at a given price the profits thereon are greater, and the success of the enterprise is more fully assured. (2.) The cost of manufacturing is propertionably less to the quantity made by the ininia of price paid for the raw material, the economising of the necessary labor, the use of the best and latest machinery, and the centering of all the operations m one establishment specially designed for the purpose, the whole being carried on under the supervision of a thoroughly practical Manager, thereby securing the utmost quantity obtainable from the raw material and a uniformity of quality which becomes m the markets a standard commodity of a certain value. (3.) A combination of capital and the interests inseparable therefrom, as herein proposed, opens for itself a market of consumption uo privately directed scheme can ever attain, while the opportunities for improvement are immeasurably greater, and the certainty of more speedy returns at the highest rates secured. (4.) In the sale of his milk to the Company the Farmer finds a sure and easy way of at once of converting this resource into cash, as it is intended to settle for the milk by monthly pnvments, thus avoiding on the one hand the disposing of either the milk or its produce at a price frequently unremunerative, with a maximum amount of labor and risk, and on the other hand being placed m a position to avoid the credit and exchange systems with their attending drawbacks. (5.) Accepting the possibility that a market must be entered outside the boundaries of the Colonies, the now established steam transit to the Old World, and the improvements of the refrigerating principle, place the Home Markets so near that a field for all the goods manufactured is open at but a fraction over: the cost of sending to markets nearer to our door. (G.) Waste m connection with a properly conducted Dairy Factory is prevented, as every particle of waste is utilised m feeding pigsj and they m course are brought to the credit of revenue m the shape of Bacon and Hams.' (7.) From the foregoing considerations the Provisiosal Directors have confidence m presenting tho claims of this Company to the farmers of tho district, as, by them being shareholders m tho venture, they not only secure a ready market for their milk and pigs but a participation m the profits of the concern. That these arc m the highest degree satisfactory from an investor's point of view* the reported success of Factories already m operation, and the number of new Companies now starting m various parts of the Colony is conclusive, whilo to the Public generally it may bo atiinned that an investment with better prospects is rarely ever brought befor* their notice. 6-9 5932