Page 12 Advertisements Column 1

Free Lance, Volume V, Issue 215, 13 August 1904, Page 12

Have You Money to Invest? THEN APPLY WITHOUT DELAY FOR SHARES. THE EMPIRE, BELLEVUE AND MANSIONS CONSOLIDATION LIMITED. To be Incorporated under "The Companies Act, 1903. '

CAPITAL, £150,000— divided into 30,000 shares of £5 each, of which 4,000 shares, fully paid up, are to be allotted to the Vendor ; 4,000 are reserved for subsequent issue for extensions of business and building purposes, and the remaining 22,000 shares are now offered to the public for subscription, payable as follows : — £1 per share on application, £1 per share on allotment, and the balance in calls of not more than £1 per share as may be required, and at intervals^ of not less than two months.

PROVISIONAL DIRECTORS.

Chakles F. Greenslade, Esq., Dunedin (Managing Director Speight & Co., Ltd.) Arthur R. Y. Lodder, Esq., Wellington (Proprietor City Buffet Hotel) Charles H. Izard, Esq., Wellington, Solicitor (Director Wellington -Manawatu Railway Company, Limited) Edmund Allo, Esq., Wellington, Electrical Engineer and Hydraulic Expert

Albert Martin, Esq., M.D., Wellington (Director Equitable Life Assurance Society of U.S.) Herrman Lewis, Esq , Wellington, Investor Charles Tringham, Esq., Wairarapa, Sheepfarmer (Director Wellington Trust, Loan and Investment Company, Limited)

Who hold office until the first meeting of shareholders, which will be held not less than one month nor more than three months from the time the Company is entitled to commence business, at which meeting permanent Directors of the Company will be appointed by the Shareholders.

BANKERS. SOLICITOR. The National Bank of New Zealand, Limited. J. J. Devine, 16, Brandon Street, Wellington. BROKERS. Barr, Leary & Co., Wellington ; William H. Turnbull & Co. Wellington ; Harcourt & Co., Wellington ; Fenwick Bros., Dunedin ; R. 0. Duncan, Cnristehurch Y. J. Lamer, Auckland ; Richard Gooch, Waihi ; Mark Sprot & Co., Greymouth and Hokitika ; H. Chadwick & Co., Hawke's Bay ; C. H. Lewis, Poverty Bay ; J. F. Clark, Nelson ; Bewley & Griffiths, New Plymouth ; R. Brett, South Canterbury ; C. L. Duigan & Co., Wanganui.

SECRETARY (pro tern.) J. S. Schwartz, Colonial Mutual Buildings, Custom House Quay, Wellington.

This is AN EXCEPTIONAL OPPORTUNITY of investing in a sound, solid business undertaking, in which your money will EARN GOOD INTEREST. Consolidation naturally results in the reduction of expenses of management. In such a business as this it will ensure an enormous saving in the purchase of stock, provisions, and many supplies, which under the new management will be obtained on much more profitable terms. With the PHENOMENALLY RAPID INCREASE in value of business properties in Wellington, the assets of the Consolidation are certain to advance in corresponding ratio. There is no doubt whatever that it will pay you, and pay remarkably well, to invest your money in the Company. APPLY FOR SHARES NOW. As an investment it has no equal in the Colony. Send for copies of the Prospectus to the Brokers of the Company (see list above) or to the vendor, Mr. Herrman Lewis, of Colonial Mutual Buildings, Customhouse Quay, Wellington. Intending shareholders will be given all possible information, and if in Wellington will be shown over the properties. Applications for shares should be forwarded to the Brokers accompanied by a cheque for £1 on each share as application money.

Company, without taking the profits of the "Bellevue Gardens" and "The Mansions" into consideration at all. There is no pleasure resort throughout entire New Zealand to vie with "THE BELLEVUE GARDENS." These beautiful gardens, with the Hotel, close to the Lower Hutt Kailway Station, are valued by reliable experts at £21,233. During the two years ending February, 1904, the receipts were £10,221 Os. 4d., representing a net profit of £1,675 12s. 9d. after an extra outlay of £1,609 10s. lOd. was incurred in repairs, up-keep, and generally improving the property. "BELLEVUE" IS WELLINGTON'S PRINCIPAL PLEASURE-RESORT, the attractions of which will be greatly enhanced after the Consolidation. " THE MANSIONS," in Ghuznee Street, Wellington, is the best and most luxuriously appointed Private Hotel in New Zealand, and is widely known as an excellent residence for tourists and business people. Opened only last August, it is already yielding 8 per cent, on the capital invested. THE VALUE OF THESE PROPERTIES as disclosed by most careful valuations, shows a total of £144,229. This is £14,229 more than the amount to be paid by the Company.

THIS COMPANY Is being formed for the purpose of acquiring, as going concerns, the well-known Empire Hotel, in "Willis and Victoria Streets, Wellington; the beautiful "Bellevue Gardens" and Hotel, Lower Hutt, and the high-class private hotel known as " The Mansions," Wellington ; and of consolidating, carrying on. and extending the businesses of these popular places of public accommodation. It is proposed to purchase these three properties for the sum of £130,000, of which the vendor receives £55,000 in cash and 4000 fully paid-up shares ; the sum of £55,000 remaining on fixed mortgage. The fact that local companies have a sum of £55,000 on fixed mortgage must be regarded as an undoubted proof of the soundness of the securities offered. "THE EMPIRE HOTEL" is the leading hotel in Wellington, and is one of the finest of its class m the Southern Hemisphere. It has two frontages, one to Willis Street, and one to Victoria Street — two of the leading business thoroughfares in Wellington. The value of the land, buildings, furnishings and goodwill is assessed by reliable valuers at £111,200. The total receipts for the year 1903 were £28,671. The receipts for this year are at the rate of £33,423. Under the new regime, with substantial additions (rendered absolutely necessary through the constant strain placed upon the present accommodation owing to the great popularity of the hotel with tourists and the travelling public generally), and with the adoption of all the latest ideas in hotel management, " The Empire " is certain to return the Company fully io per cent, profit on the £130,000 capital of the

With the

APPLICATION FOR SHARES. TO THE DIREC'IOHS OF The Empire, Bellevue, and Mansions Consolidation, Limited. GENTLEMEN, I hereby apply for SJiares in the above-named Company, to be allotted to me upon the terms of the Company's prospectus, and I agree to accept the same or any less number that may be allotted to me. I enclose £ : : , being application money of One Pound per Share upon the number applied for ;' and I undertake to pay he sum of One Pound sterling per share on allotment, and further calls as provided for by the Prospectus. I authorise you to register me as holder of the said Shares. Name in full . Address Occupation Date Signature