Page 2 Advertisements Column 2

Timaru Herald, Volume XLVIII, Issue 4525, 27 April 1889, Page 2

TO ARRIVE PER STEAMER WAKATIPU, SUPERIOR NEWCASTLE COAL, OiHE AS I HAVE LATELY BEEN LANDING Orders now being Received for Delivery Direct from Ship'a Side, or otherwise. EBENEZER SMITH, Coal Importer. PEOSPECTU S OF THE TIMARU WOOL WORKS AND PELT PEESERVING COMPANY, LIMITED. TflO ba incorporated under tho " Companies Act," whereby tho liability of a. Shareholder I is limited to the amount of bis Shares. Capital £20,000 m 4000 Shares of £5 each. First issue 2000 Shaves £5 each ; 10s per Share payable on application, 10s por Share on allotment, 10s m threo months from date of allotment, and 10s m six months. Further calls will not exceed 10s per Share, at intervals of not less than threo months between each call. I'BOVISIOXAI DIKKCTORb : J. 8. RUTHERFORD, Sheep Far- WILLIAM GUNN, Farmer, Makihilii. mcr Albury. JULIUS GALL, Merchant, Fairlio ABX Ee n rC P o!;trf e ° PFarmer ' H EN :£a ? DNER,HoteIPro P rietor, WILLIAM PBIE3T, Ironmonger, JAMES SULLIVAN, Farmer, Pleasant Timaru. Point ANDREW MARTIN, Farmer, Otaio. EBENEZEB SMITH, Coal Merchant, JOHN JACK9ON, Merchant, Timaru. Timsru. DAVID ZANDER, Merchant, St. WILLIAM MOOSE, Farmer, Andrews. I Timaru R. RUTHERFOED, Sheep Farmer, S. F. SMITHSON, Solicitor, Timaru. Albury. B.VHEEBS : BANK OF NEW SOUTH WALEB. SOLICITOBS : SMITHSON AND RAYMOND. BBOkEBS : F. CABGILL | P. W. EIBY. The Company is projected for the purpose of acquiring the business vow carried on by William Collins and to. as Wool acd Skin Buyers, Felt Preservers, and Wool Scourers, together with steam engine, wool washing machinery, buildings, and fully equipped plant, for the successful carrying on of the übovc business; also tho goodwill and lease, which has about six years to run, with right to purchaso the freehold (o'i acres, with workmen's cottages and manager's house) at any time. All the abovo will be acquired by tho Company from the vendors for the sum of i; 300 m cash, and two hundred fully paid up shares. The increased capital will bo utilised m extending the business, for which there is ample room, and 3lso to secure a large number of shareholders us constituents, and thereby gain their co-operation. The vendors guarantee a dividend of 8 percent, on the paid up capital of tho Company for two years. The present manager, Mr W. Collins, will continue to manage tho business during the term of guarantee, and will, if the Directors wish it, enter into an agreement for a further term. The profit* arising from Fellmongery aro large m this particularly favoured district, and situated as the Timaru Wool Works are, large profits can ba fully maintained, and with the appliances of tho Company (no further outlay being required) a business of betweon J£ 50,000 and £60,000 per year can be douc. Being adjacent to the Freezing Works, Shipping Port, Saleyards, and town generally, the cost of carriage, labour, etc., is a mere nominal sum. An Agreement dated the 25th day of April, 1889, for the Salo and Purchase of the- Lease and Business aforesaid, and made between William Collins and Co , of the one part, and James Granger, on behalf of the Company, of the other part, has been entered into. The | said Agreement with the Lease of the Premiie3, may bo inspected at Messrs Smitbson and Raymond's, Solicitors', otlicei, Timaru. The following is the certificate of the Wool, Skin and Pelt, &c, transactions of the Vendors ; — Tisiabc, Bth April, 1889. I have inspected the Ledger Accounts m connection with Wool transactions by Messrs William Collins and Co., and find from them that from the Ist October, 1887, to the 16th February, 1880, they have received £ a. d. From actual sales of Wool 0610 12 10 „ „ Pelts 1410 2 2 From scouring engagements ... ... ... ... ... ... 212 13 2 From advances on Wool, afloat or m London ... ... ... 6549 3 2 From advances on Pelts 306 0 0 £14,118 11 4 Estimated surplus by Messrs Collins and Co. on unsold Wool and Pells, which, I understand, are based upon previous shipments 1457 10 0 £15,576 1 4 And that during the samo period they have expended — £ b. d. By way of general expenses and wages ... ... 1339 11 7 By way of purchase of Wool, Skins, 4c 12,126 6 7 By way of plant and additions to buildings ... 906 2 10 14,422 4 0 Profit, exclusive of the value of plant and improvements ... ... £1,153 17 4 (signed) GEO. F. CLULEE, Acountaot, Timaru. XS" NOTE— lntending shareholders are particularly requested to read tho following : — The money invested m the Company is only required for tho purpose of buying wool, sheepskins, pelts, etc., and preparing same for exporting to the London market, and not for sinking m buildings, land, machinery, etc. ; and also wish to draw attention to tho fact that the bulk of the business has beon transacted m seven months, tho provious time wus occupied m getting the works into porfect running order, which the shareholders will now receive tho full benefit of. Applications for Bbarcs Bhould be made on or before 25th May, 1889. If no allotment is made tho deposits will be returned without deduction. Prospectuses, and all other information may bo obtained from Messrs I. W. Kiby and V. Cnrgill, Brokera for tbo Company, or William Collins und Co., Auctioneers, Cain's Tcrmcb, Timaru.

The Choice of a PianoA 8 Low Priced Pianofortes arc largoly J\. Sold by auction throughout Otago.nnd Canterbury, and aro afterwards offered for sale by parties who are not m tho trade, tho BUPEHIOR ADVANTAGES of C. BEGG & CCKs PIANOFORTE GALLERY, I Where the finest instruments by many of tho Most Reliable Makers m Europo are arranged for inspection and trial by intending purchasers, mini he appreciated. Tho highest class London Wanofnrt.en nrc celebrated and unequalled for high-class Mechanism, Beauty of Tone, Elasticity of Touch, with Klcgance of Design, Reliable Workmanship, and the Choicest Materials. Notk— Every instrument imported by C. BkqO & Co., carries lona jlde tho Damn of tho Maker who produced it. This notice is necessary, as a largo number of Tnost inferior Pianofortes by Fictitious Makers aro sent to this colony. 0. BEOG& CO'3 INBTALMENTSYSTEM. Under this liberal syßtem, great advantages are offered to tho public. ANY PIANOFORTE OR ORGAN m their splendid Stock can be selected under a form of HIRE AGRRESIENT for settlement as may be agreeable to the enquirer, within Two Years j m apcoinl ca»c» within Threo Years. -Wo shall bo glad if buyors, whtn comparing our prices with thoso of other /n.uses, will at tho same time, olbo carefully compare the goods, m which cbbo they will find that wegivo more solid value for tho prices wo receive thnn can bo obtained olsewhoro, Pianos, such as wo absolutely reject, can be, and are, sold at much lower prices than our importations j but thoso aro no tent of value, and lend to ultimate vexation and aiiDuynii'.'i- long before tho apparently e:isy payments Imvo run out. Messrs Chas. Begg and Co., THEATRE BDILDING3, TIMARU. (W. J. Hcaaiiß ... Mmaus.)