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Guthrie and Larnach's New Zealand Timber & Woodware Factories Company, Limited,

Manufacturers, Importers, Timber, iron, and Furniture Merchants.

Head Office: Dunedin, N.Z. London Office: 114. Cannon Street. Branches at Auckland, Christchurch, Timaru, and Invercargill.

Bush Mills: Kauri—Pararaha and Whatipu (Auckland Province); Red, Black, and White Pines, &c.—Kew (Southland); Catlin's and Owake Mills (Otago).

The Manufacturing Department comprises the production of Furniture of every description, Doors, Sashes. Tubs, Buckets, Joiner-Work, Wheelwrights' Material, Turnery, Sawing, Planing, and Moulding; Ridging, Spouting, &c., and the Company's Factory is admittedly the most extensive and complete Woodworking Establishment in the Australian Colonies, if not, indeed, in the World.

The Importations of the Company, in all branches of its trade, are the most extensive in the Colony, and the stocks are unequalled for variety and completeness.

The Timber Supplies are drawn from five bush mills, owned by the Company throughout the Colony, producing kauri, white, red, and black pine, totara, and a variety of other woods; and the Company's fleet of 15 vessels is constantly engaged on the coast in its trade.

The Premises in Dunedin occupy an area of 60,000 square feet, affording a floor space of 120,000 square feet, which is apportioned as follows:—Factory and Offices, 61.000 feet; Hardware Department (four floors), 26,200 feet; Furniture Department (four floors), 22,400 feet; Woodware Department (four floors), 10,400 feet; General Buildings, 25,000 feet; in addition to which the Timber Yards cover an area of 3 acres in extent.

The Capital of the Company is £250,000, in 50,000 fully paid-up shares of £5 each, nearly all of which have been allotted, and the profits hitherto earned have been equal to 21 per cent, per annum, out of which dividends at the rate of 12½ per cent, per annum have been declared, and the balance carried to reserve fund. In accordance with a resolution adopted at the last General Meeting of Shareholders, held on March 3rd last, it was decided to offer the unallotted shares to the public, at such times as the Directors might decide upon, prior to the next General Meeting, at 20s. premium on the following terms, viz., 20s. on application, 20s. on allotment, and the balance by four, payments of 20s. each, at intervals of three months. Applications to be made at Head Office and Branches.