Page 3 Advertisements Column 3

Dominion, Volume 6, Issue 1842, 30 August 1913, Page 3

FREEHOLD LAND SECURITY^ In equal opportunity for sua!! or large Investors. The following particulars present an opportunity for even small Investors to participate in the profit accruing from the rapid rise which Is taking place on Freehold Farm Lands in the Waiotapu and Taupo districts. In this district land values have risen rapidly in the last two years, as its agricultural productiveness has been proven, and from now on the rise should be even more rapid with the opening of the projected railway to Taupo, and the closer settlement which is already setting in. Free* hold land which is well watered and pioughable at 255. per acre is the basis of this investment, so that it is a remarkably safe one, while the probable profits from sub* division and re-sale of the land, should show shareholders a handsome return on the amount invested. Any number of shares desired in this undertaking (no matter how small), can be secured, provided instructions are received while shares are stiil available. PartScuiars of the Wa3otapu Estates Deveioioment Company, Ltd* Directors: W. 0. MAOKLOW, retired Timber Merchant, Auckland. JOHN HENRY STRINGER, of Messrs. Stringer and Bridge, Public Auditors and Accountants, ChristW. J. MACKLOW, retired Timber Merchant, Auckland. church. KARL JOOSTEN, of Karl Joosten and Co., Wholesale) D. TEED, Chemist, Newmarket, Auckland. Merchants, Christchurch. Capital: £20,000 divided into 20,000 shares of £1 each. Amount paid on application,' 2s. per share. Not more v than Is, per Bharo in calls is payablo per month. Freehold Land acquired by the Company, 13,150 acres. Price paid, 255. per acre. ESTIMATED PROFIT BY SUBDIVISION AND RE-SALE, £20,000 to £26,00 p. (As shown below.) Equal opportunity for small, or large investors to participate in. profits. Wellington Broker for the Waiotapu Land Syndicate, Ltd.: A. T. BATE, Sharebroker, Nathan's Buildings, corner Croy and Featherston Streets. 111 cash secures 10011 Star® if ordered' now. As a result of the general awakening which has come in regard to , ■ til© productiveness of pumice lands generally, and on account of the «3KSg$J| rapid settlement and development work which has been now steadily going on for the last few years in and around Waiotapu, and the vicinity » JjfUjAjf whore the land acquired the above Company is situated, this land J In connection with pumico lands, the Special Commissioner of "The New Zealand Herald," writing in the issue of January 19th, says:— 1 ''*wMtf , "Tho pumice country of the North Island is 110 longer a-vague term, or a terra incognita to Now Zealanders. Even the general publio, so ». if "^2 slow to recognise tho trend of events, so 1 unwilling to realise what really J" ife vSvwli affects their welfare, are beginning to have a dim idea that somehow or s other new tilings and big things may be expected from this region." ( j? 3 "I havo seen farms on pumice land at Lichfield, Putaruru, Puke- fiisfsj turoa, Rotorua, and other places, which already carry stock and yield jf't ff A produco equal to £20-an-acre-land elsewhere, and I know that these >'* fL, farms can have their productive powers very largely increased under f'vV' On February lfltli, 1913, in "Tho Now Zealand Herald," ho says:— t! "I know a shrewd Southorn farmer, who is now working a pumico *-, , , land farm, who assures me that he can niako his turnip crops pay all » 1 ( the cost of putting pumico country into permanent pasture." '/• v > %, "* Giving evidence before the Taupo Totara Timber Company's Com- J- -^v t ' mittee, in 1911, Mr. B. C. Aston, Government Agricultural Chemist, p " 'wPwfi'i i?^ stated: —"The pumice soil readily allows tho heavy rainfalls to rapidly " - f ! drain away, and, owing to tho excellent capillarity of tho soil when com- {~ ...y. J. Pact-ed, permits the soil-water to ascend from below where this is pos- |i > *■ P\ t siblo. Owing to tho absence of'clay-particles tho soil can be worked at f* i j * I any time, wet or dry, without danger of puddling. . ' Y l {?f -" %[/■ t, * "The dominant plant-food required for legumes is potasli, and this {•> t 1 is present in abundance in tho pumice." 1 ' 5 Tho Company, in.securing the largo area of 13,150 acres at the low " > I S price of 255. per aero freehold, has an exceptional opportunity of turning 5# y> it over at a substantial profit by improving a small portion, thus demon- v" ! * 1 strating in a practical manner the wonderful turnips, clover, etc., this H h ' land will grow, then subdividing the whole and re-selling in smaller * w Wl\e <*.' 1 £ I Tho property is one of the most desirable in the district. It is. beau- ' v SmSWf [ ' tifully watered, being interlaced with streams flowing into tho. Waikato »/" \ \ , I?iver, which forms one boundary of the property for several miles. The 1 \A t block is exceptionally well suited for subdivision. An important feature > / t t of tlio property, in addition to its being so well watered, is tho fact,that t i Pti ' the bulk of the area is practically flat. With tho exception of a com- SiS fr parauvely few acres, the whole area is easily pioughable. For the econo- I <■ j, \gfmml® J* |* t mical working of this class of country, this is a most important feature, > which is bound to materially affccfc its subsequent value and make for'its j t{ f Mwlf* ''.j t ' 4 '' it is estimated that the profit to bo made by tho Company on tho |' ~ J i t 1v f ' 13,150 acres of freehold ]and, acquired at 255. per acre, by improving u t \fl f 1 " ' v \ 1 portion and subdividing the property, will be from £20,000 to £26,000. | , k ( This estimate, would show at least £100 profit for every 100 shares se- f , cured, and is based on the following figures:— • 1 ~ IwMSw'll — To cost 13,150 acres at 2os. per acre £16,437 10 0| ' , f - ' Cultivating 250 acres at £3 per acre ... 750 0 0 Incidental expenses, commissions, surveys, etc. ... 1,500 0 0 "LOTTTS AfATOI? " Sit LONG ml i £19 257 10 0 This is a splendid feed, for stock. _ Tho above ' was grown on the block now acquired by tho ered a safe estinuue) ... ... ... £39,450 0 0 hnJ th<j of croporty . Bv deducting the original oost of the land \ ~ ami improvements, £19,237 10s., from tho M ~ , proceeds of tho sale of xhe land at an estimated price of £3 per acre, £39,450, it will . ( bo seen that the profit on Iho transaction works out at £20,162 10s., while if £3 10s. per acre were secured for the land when ' v , ' , ' / < < subdivided into smaller farms,, the profit ac- 'i'K ,< . 4 >-> \ cruing to tho Company would amount to ,<iV<!w„. Un additional £6,575, bringing tho total profit up to £26,737 10s. In view of tlio ' probable extension of tho railway to Taupo, tho develo|)ment work being dono on adas possible, 'with of reselling. " Tlio Company lias a capable Board of business men as Directors, and an experienced , pnnil ow ttttivtixj farmer and contractor who has farmed hud photograph shows turnips grown on land adjoining' tho m the. district fo son e yean, i w ,lhn;g to b , Qck sccurcd b l Estates Development Co., Ltd. . Turnips pertv. V!S °Altogether the proposition is an from this class of country havo almidy earned oil' prizes m Auckland, exceptional one, first and foremost on ac- Waikato, and Palmerston iNorth Shows. .. count of its safety a 9 a solid investment, the security being freehold property secured at a price much below its real value viewed v <- from the practical standpoint of its pioduc- ' tive ability when cultivated, and secondly, on account of the substantial profits which seem bound to result when the property is & subdivided. , Tlie Syndicate is only offering at present > | 1 A 10,000 shares to the public, and investors who ' . . i a desire to secure an' interest in the under- i taking aro advised to send for further par- , ~ , ,• j ticulars witliout delay. Two shillings per ' ' 4< M" share is all that is paid up, and the balanco ' ' x *1 S&wl i v ' cannot'be called up at a greator rate than >J'« I »'A'iW fa y |44 i t >1 Is. per share at intervals of not less than ono \i tiA v i A 'l''*t, »Vi ♦ month. Thus to securo. say, 100 shares in the undertakiiiK, only £10 cash- is required, K klv«4 k, VW r and at the outside not more than £5 a month f t v. ><V jS&*{V .can be called up on 100.. To 500 shares tho cash payment is £50, and to ® v ' ' securo 1,000 shares tho cash payment is £100. It \iK' '* k ' Orders to securo shares will be executed Kv%v « V* ill tlio order received, so that first apph- iW \ % * 5 cants will rcceivo preference m the matter. . " v V' 1- "Hii;..! An enquiry form is attaohed, which should li i rim i - 1— ■ be filled in in full and forwarded to A. T. . Bate, Broker, wlien fuller pnrticulars and .. PATinnmr order form for shares will bo posted by return A CLO\ LR FADDOCIi. mail A perusal of the accompanying photographs n .The above photo, (taken on an adjacent property this season) gives wiU give an idea of wlmt this cliss of the country an idea of how clover grows ill this district. As will be seen, .it is in the district is already growing. knee deep » Cut out here—fill up and post now to secure further of mall. A. T. BATE, Sharebroker, Nathan's Buildings, cr. Grey and Feath'erston Sta., Wellington, Dear Sir *—* lam interested'in the particulars published in to-day's Dominion in connection with shares'in the Waiotapu Estates Development Co., and will be glad to receive fuller particulars with locality map, and foiyn of order for shares. It is distinctly understood that this enquiry places me under no obligation whatever to order shares unless I ani completely satisfied upon investigation. Name Full' address «.,«•« ....«w ""•* <"»• > ' . .IViTt iKI.ITrim? Published by the Waiotapu Land Syndicate, Limited*