Page 4 Advertisements Column 3

New Zealander, Volume 9, Issue 785, 22 October 1853, Page 4

PROSPECTUS OF THE VICTORIA AND NEW ZEALAND BEETROOT SUGAR. COMPANY. Capital 100,0002., in 10,000 shares of 102. each. Deposit 12. per share. rpO be incorporated by an Act of the Legisi lativc Council, and the liability of the Shareholders to be limited to the amount of their shares. Managing Director—J. Sullivan, Esq. Solicitor—S. Toynbee, Esq. 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 the only substance from which could be obtained a sufficient supply of sugar for the European markets ; but of laic years it has been demonstrated that such a supply could he furnished from Beetroot, which has since become the principal source from whence all the sugar which is consumed on the continent of Europe is derived. In 1830, the whole produce of France was hut 8000 -tons, hut in twenty years it has increased to more than 80,000 tons. Such have been the improvements connected with the manufacture of Sugar from Beetroot, that (he price at which it can now he produced enables (he manufacturer successfully to compete with the producer of sugar made from cane by slave labor, without one farthing of protecting duly. The consumption of sugar, while gradually increasing, is now something immense. In 1847, which may he taken as a fair average for the previous eight years, Great Britain alone imported 530,280,000 lbs. weight, upon which was paid a duty of 5,969,0422. The Irish Beetroot Sugar Company, while paying live times as much rent per acre per annum as (he total cost of (he fee-simple per acre in New Zealand, besides 102. per ton duty upon the manufactured article, returns to the shareholders a dividend of 82. per cent., their produce commanding a higher price in the market than the produce of the sugarcane. By recent improvements in the manufacture of Beetroot Sugar, refined sugar can now he produced from (he juice of (he roots in the brief space of two hours and a half, and in less than two days the loaves are perfectly dried and read) for use. New Zealand has been selected as the 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 colonies, in some of which it is proposed hereafter to establish similar factories. Among these reasons may he stated the following, viz., (he great facilities which exist for obtaining land in sufficient quantity and at a moderate cost for the Company's purposes ; the peculiar adaptation of (he soil; and the cheapness and abundance of labour. The Government of New Zealand has not yet been apprised of the important objects which the Company have in view, and it cannot therefore be stated whether the 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 he enabled to possess themselves of the feesimple of any quantity of land that may bo desired at a maximum price not exceeding ten shillings per acre. The adaplihilily of the soil of New Zealand for the growth 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 (heir great size and weight, point to New Zealand as a country possessing capabilities sufficient to tank it (he first sugarproducing country in the world. In France, Belgium, Holland, and Germany, Ihc average produce is 25 tons per acre. In Ireland il is 50 tons per acre; and it may be fairly estimated that the fertile soil and favoured climaleof New Zealand would jield an average not below that of (he 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 be engaged, in numbers far exceeding the requirements of (he Company, at the rale of half-a-crown per day. There are many other sources of profit which remain ailcr the sugar is produced, among which may he mentioned (hose arising from sailed leaves and (he pulp which is loft 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 the process of manufacturing sugar from Beetroot, certain portions of the machinery require occasionally to he thrown out of gear, by which means a great amount of steam goes to waste; to turn this to profitable account a circular saw and American planing machine will he fixed, with gearing, in connection with which will be also a brick-making machine. Plans and estimates have been carefully prepared, and can he inspected at (he temporary Offices of Ihc 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 the Managing Director of Ihc Victoria and New Zealand Beet Root Sugar Company, 92 Great Bourke Street, East. Sir, I request (hat you will allot me shares in this undertaking, or any less number you may think fit; and 1 hereby agree to pay all calls on such shares as shall be allotted to me to Ihc extent of 102. a share, and to execute any subscription or oilier requisite deed when called upon to do so. Dated this day of 18 —, I am. Sir, yours, &c., Name of Applicant, in full Address Profession or Occupation Dale AUCTIONEER AND LAND AGENT. MU. J. NEWMAN offers his services to the Public as an AUCTIONEER AND GENERAL AGENT, more particularly for the sale or Pm chase of Land, Houses, Cattle, and other Live Stock. 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 Olahulm un the first Wednesday in the Quarter, commencing with June, and at Ho wick on the first Wednesday, commencing in April. Stock kept at fixed charges in his Remuera Paddocks. Land selected under the late regulations on reasonable terms.