Page 17 Advertisements Column 1

New Zealand Tablet, Volume VI, Issue 305, 21 February 1879, Page 17

T>. R O SPECTUS ■*• • Off THE CAI'LIN'S RIVER FREEHOLD SAWMILL COMPANY LIMITED. CAPITAL~£2. 1 5,000, IN 5000 SHARES OF .65 EACH. Five shillings per share will be payable on application; five shillings o;i allotment ; and two pound tan Hbillings in five calls of ten gainings cash, of intervals of not less than two'months. No further calls are likely to ba reiuired for some time, and will only be made with the consent of the shareholders. Provincial Directors. . , David Baxter (D. Baxter and Co.) George O'Driscoll (O'Driscoll and Co.) Keith Ramsay, Dunedin. T-T. Ritchie, Duucdin. James B. Thomson (M'Gill and Thomson). Robert Wilson (R. Wilson and Co.) N. Y. A. Wales (Wales, Stevenson, and Co.) W. T. Winchester. Robert Andrew, Catlin's River. Bankers : | Solicitors : Bank of New Zealand. Stewart and Denniston. 4 Interim Secretary, T.T. Ritchie. This Company is projected with a view of acquiring that extensive and valuable property known as the Catlin's River Sawmill, and through increased Capital extending the hitherto limited operations carried on for a number of years with a very co isiderable amount of success by private enterprise. , The natural advantages pertaining to the property are unequalled being situated in the heart of the most extensive bush country in the South of New Zealand, where all varieties of timber are easily obtainable, and having a water frontage of many miles to the Catlin's River and Lake— the former biing navigable at present for vessels drawing Bft., but when contemplated Harbour improvements are made by Government, for which the requisite money has been voted, vessels drawing 10ft. will be able to load at the Mill Jetty. In connection with the sawmill there are 1230 acres of valuable freehold, which by judicious selection command beyond risk of interference great extent of thickly timbered country. This freehold has a river frontage of 2\ miles, and after the timber has been removed, if cut up into suitable sized sections, will readily sell at a high figure. and : yield a very handsome profit indeed to tho Company. The whole of the Machinery and working appliances are in firstclass order, and for some time past the average quantity of timber disposed of has been 2Oo,Gooft. per month, but with additional appliances this quantity con be largely increased to meet the g*owin<» demand for timber throughout New Zealand, and which can be delivered at the various ports at a price giving a profit of at least 3s. per 100 ft. The Proprietor has agreed to dispose of his interest in the property (all orders on hand to be transferred to the Company) for £13,200, to be paid in 400 Shares. £3 per share paid up, and the balance payable in cash by instalments. The Vendor will take 500 Shares, paying all Calls as made, and binding himself (if required) not to dispose of these Shares for two years. The Provision il Directors have very carefully gone over the Books of the Vendor for the past 12 months, and they have no hesitation in saying that this will prove a bond Jide investment. The property has just been valued by competent parties, aud there can be no doubt the price asked is extremely moderate, and that very handsome returns on the capital invested will be at once obtainable. The fact of the Vendor taking 500 ordinary Shares in the Company, shows his faith in the remunerative prospects of the concern. It is almost unnecessary to point out the large and increasing demand which exists for Building Timber, and in particular the great value of Black Pine for Railway Works, &c. Most of the timber cut at Catlin's River has been shipped direct to Oaraaru, Lyttelton, Sec, and when the improvements to the navigation of the river already mentioned are carried out, and larger vessels enabled to enter, timber will be landed at the various Ports at a much lower rate of freight, thus giving increased profits, or, if necessary, enabling the Company to meet oa equal terms any possible competition. The projected line of railway to Catlin's River, when carried out by Government, and there is every prospect of its being among the first of the Branch Lines to be constructed, will enable the Company, m addition to the seaports, to supply the inland districts with timber. Telegraphic communication will shortlj be opened with the district, thus greatly facilitating business arrangements all over New Zealand. The Provisional Directors, while they do not bind themselves to allocate shares to all applicants yro rata, will, so far as they conveniently can, adopt that principle. Application for Shares may be made to the Managers of tho yarN ous branches of the Bank of New Zealand, and to the Interim Secretary, Dunedin, up to 4th March. Nearly half of the shares are already taken up, and tho Company will be registered and business commenced immediately. Note.— Since this Property has been put under offer by the Vendor, the Mill-house has been burned down, and part of the machinery damaged ; but the whole being fully covered by insurance, will be replaced within a few weeks at the expense of- the Vendor in a more eligible and convenient position; and with improvements contemplated, and new machinery, the producing power will be very considerably increased, aud at a much lessened cost.

Public Notice.— Having learnt from a numbsr of his clients that there is an impression abroad that he. G. Hirsch, Dunedin Dye Works, George street, had gone out of the business as Dyer and Cleaner, carried on by him for the last fifteen years in this city perhaps bacause he has let part of his premises— his shop only— to a shoemaker, this is to give notice that he is still Dyeing and Cleaning at the same works. Orders will be left at his offhe in George street" between his former shop, now a shoa shop, and the •< Little Dastpau' shop almost opposite Miss dough's,— Add,