Page 131 Advertisements Column 4

Hawke's Bay Times, Issue 1554, 27 February 1874, Page 131

PROSPECTUS NAPIER GAS COMPANY [limited.] In 1,500 Shares of £lO each. Deposit : Ten Shillint'S per Share on Application ; Ten Shillings on allotment; nin 1 11io balance in calls not exceeding £1 per Share, nor at \< ss<-r inl rvab thiin three months, as required hy tin; Directors. It is anticinated that it will not he necassary to call up inure than £6 per Share. Provisional Directors: F. Sutton, Esq , Chairman. H. S. Tjffen, 'Esq. J. U. Kinross, Esq A. Kennedy, E>q. J. Close, Esq, H.oajipi3KLL, Esq. F. TuxFoRD, Esq. H. Ford, Esq. H. It. Gi.kgu, E>q. T. K. Newton, Esq Bankers: The National Bank of New Zealand. Solicitor: J. N. Wilson, Ehq. Interim Secretary: Alexander Kennedy, Esq. HE success which has attend [ eslf companies in New Zealand lias induced the Provisional Directors to inaugurate a Local Company in Napier. The lig ting of the Town has on fair calculation he< n shown I'd he praeticahle, and promises a fair and legitimate return on the capital invested. Il is proposed to call up £6 per share, which it is considered will he sufficient for the present time, and on this sum it is calculated that the profits of the concern will yield dividends at the rate of from 10 to 15 per cent. The halanee of the capital will he ealled up as required, for such extension of the mains and works as the Directors may be satisfied will prove payable it has been estimated that the preliminary expenses, with an ample tnaruiu for contingencies, will reach £9,000, the to lie lighted has been calculated from systematic inquiry, Io amount to 3,000,000 cubic feet per annum. Receipts and Expenditure. RECEIPTS. S,m,m feet of gns, fit 2(ld per thousand feet.... £3001) bull's of coke tar, iic.. 180 3180 L- sj 5 per cent, riiscou nfc 1 •"'" EXPENDITURE. Cost of Coal a*Hl working expenses ISS'2 Annual Profit £1389 The above summary of a report prepared by J. K. George, Esq., a gel tleiusn possessed of great experience and judgmeu] in such matters, shows that even with the present demand, a yearly profit of nimul 15 per cent, on the paid-up cap tal may lie safely anticipated, and there is; no iionnl that after Gas lias been fairly introduced, thfi yearly increase in the consumption will lie mark'd and rapid, with only a nominal addition to the expenses, exceptitir the cost of the outlav for coal,

Lul of A GE.YTS for the HawkeJkiy Tium. hij whom Orders are reeruud, aim from tohom copies of the Paper man obtained: Clivb—Mr E. BUCK Uavulih'K— Air GIB'ON ' Waipawa— Mr E. BII3BY Waipukuhau— Messrs SMITH & Co,