Mr Guthrie's prao- tioal skill and long experienoo in the trade iro well known \ the high position to whioh he firm has attained under his management indioates the measure of prosperity whioh ma/ reasonably be expected in the future > md as a proof of Mr Guthrie and his partner's faith in the future prospeots of the oonoern, they are willing to hold one fifth each, or jqual to two-fifths of the entire capital on their own private acoount, purchased in fully paid up shares. And as a further proof of heir confidence in the future prospeots of the Company, they have deoided to guarantee lint the Company's net profits (or the first three years shall not be less than 10 per cent, per annum on the actual capital for the time )eing employed in the business, or equal to t sura of about £67,000 to be paid to the shareholders within three years. The; ex- jeet and believe that the profits will qonsioVr- ibly exoeed this rate, but investors will by this means know the rate of their miuimum profits. By way of further scouring the ob- torvanoe of the guarantee, the firm have tgrocd to deposit with the Direotors of the Company scrip of the Company during the first y enr of the value of £50,000, during the second ynar of £40,000, and during the third year of £25,000. and to execute a legal charge upon the same in favour of the Company. Intending shareholders may therefore rost assured that no more legitimate or remunera- tiro outlet for capital, or one presenting bet- ter or more extensive future prospeots, has ever been offered in New Zealand. The reusons whioh have induced Messrs Guthrie and Larnaoh to take this step are — Ist. Thut their term of partnership oxpires by eflluxion of time in the course of a few months, when it is the intention of one of the partners to retire from aotive business. 2nd. That the plant, maohinery, and gen- eral appliances of the firm nre now of a cha- racter whioh open* up a largely extended and c xtre mely profitable trade, which, howerer, cnlls for the employment of an extended oapitai. 