Page 35 Advertisements Column 1

New Zealand Graphic, Volume XLVIII, Issue 11, 11 September 1912, Page 35

salr /2,000, of the issue of 6 % first lien Debentures issued by the Taupo Totara Timber Company, Ltd., and the Wellington Industrial Development Company, in lots of or as a whole. These are secured over all the assets of both Companies both present and future except uncalled capital, stocks, book and other debts. The security is stated to consist of 56,000 acres freehold, including 7000 acres of untouched Totara bush, also the rights over 6,000 acres of bush of which only half has been cut out, as well as 56 miles of railway line and the sawmilling plant. Provision is made for a sinking fund and for redemption before maturity, at the option of the Companies, on payment of a premium of 5 % The Trustees for the Debenture holders are Messrs J. N. Williams and F. G. Dalziell. ANDREW GRAY, Smeeton’s Building, Queen Street, Auckland