Page 3 Advertisements Column 1

Dominion, Volume 6, Issue 1593, 9 November 1912, Page 3

The Subscription List will be dosedon or before the 14th day of December, 1912. i Tllis P'o^pectushas been filed'with the Registrar ofCompanies at Wellington. DATED THIS 7th DAY OF NOVEMBER, 1912. i .OF [TO BE INCORPORATED UNDER "THE COMPANIES ACT, 1908."]

Capital :: ::'.'" £250,090-:-'-DIVIDED INTO 250,000 SHARES OF £1 EACH, OF WHICH 60,000 fully paid shares will be allotted to the vendors in full payment for all righto and properties purchased by the Company; 80,000 shares aro being hold over for future issue if required, and 110,000 SHARES ARE NOW OFFERED TO THE PUBLIC FOR SUBSCRIPTION, payable cfl follows:— v 2s. 6d. per share on application. .. ■■ 2s. 6d. per 6hare on allotment. ; . .'... : ! •'..•.'' and the balance In calls not exceeding 29. 6d. per share each, at intervals of not less'than three months (SPREADING OVER A PERIOD OF NOT LESS THAN EIGHTEEN MONTHS). PROVISIONAL DIRECTORS! - SEDNET J. NATHAN, of Auckland, Merchant (Managing Director, Arthur H. Nathan, Ltd.) - E.HEATON RHODES, M.P., of Christchurch, Shcepfarmer. CLAUDE SLACK, of Wellington, Merchant (Managing Director, Fraser,.Bamsay,(N.Z.) Ltd). HEATHCOTE BEETHAM "WILLIAMS, of Gisbome, Sheepfarmer, ' NATHANIEL WILSON, of Warkworth, Cement, Manufacturer. , ' .:, BANKERS: BANK OF NEW SOUTH WALES. SOLICITORS: { fffi™g. CONSULTING ENGINEER: 8. lEWIN CEOOKES, M.1.E.E., F.C.S., M.Amer^;l.E.E;, Auckland. AUDITOR: E/ EUSSELL DYMOCK, F.1.A.N.Z., Wellington;;' ; ': SECRETARY: ERNEST W. HUNT, 158 Featherston Street, WeUington. ■■-'•',

~ ;£;y Je.OBJECTSv OF COMPANY; '! '\'.-',;, The objects and powers of tho Company are set out in ! the Memorandum of Association, a copy ;of .which te printed ': at the end of the prospectus. /. ..y ,: '' the purpose;of,;;inter' :,:^iav—;-;;;:; ; :-\'.';■:■■;:;;:'/'' . .'■■'.."'■'" . :^. : .''; : ; \- : ':>-'^ s ; :v the freehold property ■ ''■ ■' known aa, "Tikorangi," situated on the WhaagaTei .v. • : Harbour, consisting of about-2,220 acres. .-, ■J. Acquiring from-the vendors the freehold property, at Te Mate; Point containing, an additional deposit of •White Limestone. 1 .:..',; ', 8. Taking advantage of an offer which at the Instance , of■: the vendors, the Wharigarei Borough Council has .•..'"'•""'• executed .Under,'seal and by whicb/the v Company will ' have tie right ;tp receive hydro-electric power at a maximum price : of .£9 per 'h.p. per annum. Under v the terms of. the offer it is probable that the cost will. '.'' be much less. '''■ '•''•'■' ".+'■";■'■' ■')''■' i. Erecting extensive modern works for the 'manufacture of .Portland Cement,.thus obtaining economy and ;.:'.■'■•:■ ■■;'.: ■: ,- ~;.■■ v-v-''--. •■"•••■.■.,■ '"■'■ TIKORANGI. . '■;>."/■ Tikorangi is on the mainland and opposite to Limestone X: Island, upon which are the. works of the N.Z. Portland •Cement, v; Co., Ltd.; The vendors have epent several thousand pounds' 'in'-thoroughly testing the property. The cement rock area has opened'up-in" forty different places, extensive bore holes . ,", made, and a tunnel cut into the .solid rock in the side, of '.':■ the 'hill.. Reports. have: been made; by Dr. J; M. Bell : (late [Government Geologist) and; Messrs. S. Irwin Crookes, M.1.E.E., '.iF.C.Si'Xof "Auckland), ;W.^ ~.-■ ,Warkworth),.'. : ,George ;.Neison. ( M.l.Mech.E. (of. Napier),,, .and ■ ,''■;■';:'B well-known' Wellington engineer.. The originals of all. of -these Teports may .be inspected on application to the SecTe-. ; : ,.tary, arid copies may.be seen at the following offices:^: "' : ' ; .WELLINGTON: Messrs. Williams, Hunt and Co., 158 ,'•; '■•.', : '~: Featherston ] Street. , AUCKLAND: Mr. S. Irwin Crookes, Palmerstoa, - : Build-' /'■-..: ings,. Queen Street.:. , 'CHBISTCHUECH: Messrs. Pyne and Co., Cashel Street. ■' '■ ' DTJNEDINi Messrs. Sidey. and. Collier, Solicitors,. Crawford Street':.;.; ■■,'■' CEMENT:ROCK. . y ■ /..Tikorangi contains an almost unlimited supply of cement i< rock, estimated at over 40O,0QJ)jP00 tons, with'only a few !i of 'can be !; obtainsdHjr*op^n l r .[y: quarrying"and ; be'acrrHxTdown' by gravitation to'the works •'' by : mean3'6f a tramway/. ; ~ .-;■'.'.' ~ The cement rock is 'practically identical ' in' composition ;•:.: with that on Limestone Island and at Mahurangi (Wilsons' -/Portland Cement Co;), is .therefore'"proved to be of the first ; quality, and capable of being manufactured into first quality ;_ Portland Cement : ' : WHITELiMESTONE. : v. . This Is > found on • the -Tikorangi property near the ■ works' . site; The Vendors also hold an option over a further deposit .-'" of white limestone at Te Mata Point, about one and a-half miles away, and the freehold of this property .will be passed'. I over to the'/Coinpany, ■■■'' ■ ■'. '■■' ■'■: :-aK,:.;: coal. .-,"•■•'./;' ■'!.-. possibility of the discovery of fecal' on Tikorangi "is , premising. (Vide Dr. Bell's ; report.) •' " Coal, if purchased from mines, operating' in the district,; . will cost, delivered at the works, approximately Us. per ton. V;'". i ' ' RAILWAY CONNECTION. ,4 t ■ :;;.; s , .. The proximity, of ; :the Government Railway will, by :-■■ the means of a. short connecting; line-or siding, reduce the .'.'- price'fof ■joo'ai.'-brought to the, works. .' • v,. ; ,^"';" > '""""' '"%■', , ;; ''"HARBOUR. : '""-' rTikarangi is-on-the Whangarei' Harbour, and ocean-going . steamers will be' able to lie alongside the Company's wharf at ,;, all ..tides and.in any weather. Copy of report made to'the : j,\HaTbour-Board: at Whangarei 'is attached hereto. i.'"r.' ■\- ,":y>"": \''''.'"' ; works site: ; This is on practically level ground! of unlimited extent, ion the foreshore of the Whangarei Harbour, and ..on the ,-Tikorangi .property.:lt Is alongside the. raw materlalS'.(oement ......rock and .!,.,■; . '*' ■".•;;■; :';;',;:V ; :v';.' COST OF WORKS. . .-,.' _ ~.' ; '-It'la. proposed to erect modern works, consisting of the "-, best and: most .up-to-date cement-making machinery, driven by hydro-electric power, capable of producing 60,000 tons of ; .cement per annum. Several estimates.have been procured of '■_.- tho cost of such works, including buildings, the lowest of '■■ which' is'£4B,ooo, and- the highest £65,000.: Considerable' saving in the. cost of manufacture will be effected by such a plant ■: as proposed. Cost of powerrproducing plant is not-included in the above estimates, as it is:not required. : V x' ■; INCREASED OUTPUT. ' ■ ■ Jt:is.estimated that for : a'further capital'expenditure of, ','; approximately"'ie3s,floo:-'tlie .output .'of the'works, could 'be' ;,', doubled. '•.,!•'■- .":;-" : ■":'■■-.iT | •. POWER./ .-k'^'^K •; ;' The;advah.tage3.;bf hydro-electric power over steam-driven <;:, powet'are':cbnsiderable. ' ,v . ,'■ v.';■'-." • !•:'. -Power-at '£9 perh.p.'per annum is equivalent to Jd. per .V . h.e. per ; hoiir,, whereas.it. costs the Wellington City • Cor- -;.-' poratiori, with a' fii'st-class'steam .plant, five times .'that'-amount, ; or approximately l}d. per h.p. per hour. ' . ' >It: is estimated that hydro-electric power would entail a ;-.- laving to this Company of-from Bs. to 10s. per ton on the oost of prbductioittof cement. '.--,-. V This'means that the. Company could, if necessary, sell at a price at which it costs-other companies to produce, and then';make :i a.■ profit,of.:from-'Uito'jl7J':per cent, on the. pro-posed-capital. ,'■■■ ''...-■ ;' - . \ '■'.■'"•.■'- The. Whangarei Borough- Counoil has ascertained from ■:■- the reports of the Government Chief Electrical Engineer and '■ ■-, Mr. S. Irwin.Crookes, ;M.l.E.E.,vthat, there' is ample' water in the Wairiia Kiver to develop the 1500 h.p. required, without .": any further' outlay on/storage than is necessary to. construct a weir to hold and divert the water to a race or'.flume; This is confirmed; in:the'-report upon New Zealand water-powers made in 1901 by. Mr. P. S.. Hay,. M.A., M.lnst.C.E., late ■ Govornment Superintending' Engineer. ...".' .■•"■ 'By means of. a dam,it is.estimated 'about 6000 h.p. can be: obtained. : '. NATURAL ADVANTAGES! ';'ly. :' The .natural advantages which this Company will have • over other'companies'place 'it in' an .'exceptionally good" posi--1 tion. These, may be briefly enumerated as follows: — z. '~;;(a)'Hydro-electric,'power';. , ■-, ;-.- ' (b) Unlimited supply of high-grade.cement rockj :; '.. (c) White limestone on property; "I ' '(d) Cheap cool supply railed to works j ! ; (e) Deep water in: good harbour. ! ; (f) Good site for , works adjacent to raw materials; (g) Little or no overburthen of earth on cement rock; ': '■ (h) Cement rock,'just as quarried, capable of producing high-grade natural cement- (hydraulic lime). To these can". be added the advantage of large modern works effecting immense saving in cost of production.. COST OF PRODUCTION. , The highest estimate given by exports of the cost of manu- : -facture of Portland: Cement by this Company, including management," depreciation, and contingencies, is-265. per ton f.o.b. "'works. To this must be added: freight to other ports. Tho •■'• minimum selling.price at the main porta in. New Zealand is 655. per ton. As an eminent.engineer reports: "With, the 10-v cost of production all countries south of the Line could, be supplied." ..

Extra Share Application Forms may fas obtained from ail leading Brokers and at; She of £ lce of this paper.