Page 4 Advertisements Column 2

New Zealander, Volume 9, Issue 782, 12 October 1853, Page 4

PROSPECTUS OF THE VICTORIA AND NEW ZEALAND BEETROOT SUGAR COMPANY. Capital 100,000/., in 10,000 shares of 10/. each. Deposit \l. per share. rjTO be incorporated by an Act of the LcgisI lative Council, and the liability of the Shareholders to be limited to the amount of their shares. Managing Director —J. Sullivan, Esq. Solicitor —S. Toynbee, Ksq. Bankers—The Bank of Victoria. A branch of industry which has of late years been very largely and profitably developed in France, Holland, Belgium, Germany, and Ireland, is that of preparing sugar from the Beetroot; and this company has been formed for the purpose of establishing, on the most improved principles, a Beetroot Sugar Manufactory in New Zealand. More than a quarter of a century ago it was supposed that the sugar-cane was Hie only substance from which could be obtained a sufficient supply of sugar for the European markets ; but of late years it has been demonstrated that such a supply could be furnished from Beetroot, which has since become the principal source from whence all the sugar which is consumed on (he continent of Europe is derived. In 1850, the whole produce of France was but 8000 tons, but in twenty years it has increased to more than 80,000 tons. Such have been the improvements connected with (lie manufacture of Sugar from Beetroot, that the price at which it can now be produced enables the manufacturer successfully to compete with the producer of sugar made from cane by slave labor, without one farthing of protecting duty. The consumption of sugar, while gradually increasing, is now something immense. In 1847, which may be taken as a fair average for the previous eight years. Great Britain alone imported 550,280,000 lbs. weight, upon which was paid a duly of 5,909,042/. The Irish Beetroot Sugar Company, while paying five times as much rent per acre per annum as (he total cost of the fee-simple per acre in New Zealand, besides 10/. per ton duty upon the manufactured article, returns to the shareholders a dividend of 8/. per cent., their produce commanding a higher price in the market than the produce of (he sugarcane. By recent improvements in (he manufacture of Beetroot Sugar, refined sugar can now be produced from the juice of the roots in the brief space of two hours and a ball', and in less than two days the loaves are perfectly dried and ready for use. New Zealand has been selected as (he prospective field of the company’s operations, for reasons which appear pre-eminently to entitle it to a preference over this and all the other neighbouring colonics, in some of which it is proposed hereafter to establish similar factories. Among these reasons may be staled the foliowing, viz., (he great facilities which exist for obtaining land in sufficient quantity and at a moderate cost for (he Company’s purposes ; the peculiar adaptation of the soil; and the cheapness and abundance of labour. Ihe Government of New Zealand has not yet been apprised of the important objects which the Company have in view, and it cannot therefore be staled whether (he Company will obtain a free grant of land for their purposes, or whether they will have to purchase under the ordinary regulations. But under any circumstances, they will be enabled to possess themselves of the feesimple of any quantity of land that may be desired at a maximum price not exceeding ten shillings per acre. The adaptability of the soil of New Zealand for the grow th of the raw material is unquestionable; roots of all kinds flourish in all the greatest luxuriance, and from satisfactory tests which have been applied to them, have been found singularly rich in saccharine mailer —a circumstance which, taken in conjunction with their great size and weight, point to New Zealand as a country possessing capabilities sufficient to rank it tire first sugarproducing country in the world. In France, Belgium, Holland, and Germany, the average produce is 25 tons per acre. In Ireland it is 50 tons per acre; and it may be fairly estimated that the fertile soil and favoured climateof New Zealand would yield an average not below that of the last named country. Upon the third point, viz., (he cheapness and abundance of labour, no reasonable doubt can exist; the New Zealanders are industrious labourers, and can he engaged, in numbers far exceeding the requirements of the Company, at the rate of half-a-crown per day. There are many other sources of profit which remain after the sugar is produced, among which may be mentioned (hose arising from salted leaves and the pulp which is left after the juice has been extracted, both of which afford excellent food for cattle. Besides which there is another feature in this undertaking far too important to he overlooked. In (he process of manufacturing sugar from Beetroot, certain portions of the machinery require occasionally to be thrown out of gear, by which means a great aifiount of steam goes to waste; to turn Ibis to profitable account a circular saw and American planing machine will be fixed, with gearing, in connection with which will be also a brick-making machine. Plans and estimates have been carefully prepared, and can be inspected at the temporary Offices of (lie Company. No. 92, Great Bourke Street, East, Melbourne, where the fullest information may be obtained of the Managing Director. Form of Application for Shares. To (he Managing Director of the Victoria and New Zealand Beet Boot Sugar Company, 92 Great Bourke Street, East. Sir, I request that you will allot me shares in this undertaking, or any less number you may think fit; and I hereby agree to pay all calls on such shares as shall be allotted to me tp the extent of 10/. a share, and to execute any subscription or other requisite deed when catted upon to do so. Dated this day of 18 —, 1 am, Sir, yours, &c., Name of Applicant, in full Address Profession or Occupation Date AUCTIONEER AND LAND AGENT. MR. J. NEWMAN offers his services to the Public as an AUCTIONEER AND GENERAL AGENT, more particularly lor the sale or Purchase of Land, Houses, Cattle, and other Live Slock. Monthly Sale of Horses at the Exchange Yard on the first Saturday of each month. Monthly Sale of Cattle, Horses, &c , a New Market on the second Tuesday of each Month, Quarterly Sale at Otahuhu on the first Wednesday in the Quarter, commencing with June, and at Howick on the first Wednesday, commencing in April. Stock kept at fixed charges in his Rcmuera Paddocks. Land selected under the late regulations on reasonable terms.