Page 4 Advertisements Column 4

New Zealand Times, Volume XXXI, Issue 4807, 18 August 1876, Page 4

Books, &c. jjVDi Si.T i. P: ,TJ : B ,1- S.iH E D By-special permission of the Hon, Minister of : [ - Public ‘Works. s i MAP'S '’ OB STEW ZEALAND, i Containing' the latest information concerning. Railways, constructed and. in course, of: construction, Hoads, Telegraph:Lines, &0., &c. . -BeautifuUy.printed on fine toned paper. ■ L Y O N A N » Bill R, : ...PUBLISHEKS, : L , ;ii > i LAMBTON-QUAY. ■ j !: • Public Companies ; R O S P . E C T U S OF THE > EMPIRE GAS CONSUMERS COMPANY, I . . ; , , (LIMITED). 1 To be Incorporated under the-Joint Stock i : ■ Companies Acts. n . si CAPITAL; £30,000, IN .30,000 SHARES OF : XI EACH. ' ■ FIRST ISSUE, 20,000 SHARES, j Payments—-One- Shilling ’on application j two shillings on allotment; two shillings two months after ‘allotment; and 1 the' balance by six calls of two shillings and sixpence each, at four, six, eight, ten, twelve, and fourteen months after'allotment - ‘ bankers: : ' The Bank of New Zealand. 1 1 SOLICITORS : . Messrs. Moorhouse & Stafford. ■ ! TEMPORARY OFFICES : Temple Chambers; Wellington. Aon. secretary and treasurer, pro. tem, : 1 ’ : James Stewart. \ This company is formed for the manufacture and production of inflammable air or gas from coal or other material; and’the supplying of the same 1 tb the city' of r Wellington and its suburbs, and for lighting the same city and suburbs, or 1 for any other -’purpose to which such air 'or gas is or shall be applicable, and also the manufacture' and preparation for sale of coke and’ other'products incidental to the manufacture of' such air or-gas as the directors of the company shall from time to time determine. ; ; V; ’' ;r ' '

S It has long been felt by a large number of the residents of the city that the policy pursued by-the'only gas company existent in this,' city - has 'not-had 1 the effect of giving the citizens cheap gag. : ' 1 ; , ■■•. ' The recent failure of the Corporation of the City of Wellington to purchase the works of the Wellington Gas Company,' in consequence of j the 'Company demanding an advance of over 75. per cent. 1: on the par value : of their share capital, has led' to the establishment of this.company., : Jl . ’ The directors have been at some pains to obtain particulars ; as to- the operations of the gas companies' in the other 1 principal cities of the colony, The result is detailed below, and conclusively proves- that although there is no city in New ‘ Zealand so well adapted for being economically lighted by gas as Wellington; the loss by leakage ‘ being reduced to a minimum, there is no city in New Zealand where the price is so exorbitant. ; Bate of last diFrice of coal Price of gas vidend paid City per ton; .. per 1000. - shareholders. Auckland 35a. to 103. * 10s. 15 per cent. Christchurch' 423. 6di 12s. Cd. • ' 15 per cent. Dunedin 365.; 12s. 6d. never yet dcld. Wellington 355. 14s. - 12) per cent. The promoters Of this company, from their practical knowledge, are justified in saying that gas should be supplied to the citizens of Wellington at 10s. per 1000 cubic feet. The present prices in Melbourne, with coal and labor at Wellington rates, are ss. 10d., 7s. 6d., and 10s. per 1000 cubic feet, while Wellington’s is no less than 20s. per 1000 cubic feet, reducible to,"Us. per 1000 if paid within an arbitrary fixed period of seven days from the delivery of the account. ! : The proviaiohal directors have received from a large, number of consumers an undertaking that they will vise the company’s gas only for at least: two years from their being prepared to supply the same ; in return, the directors will be ; enabled to offer the following important benefits:— . Ist. That the price of the gas shall not , exceed 10s; per 1000 cubic feet. 2nd. That no charge shall be made for the meters supplied by the 1 company, nor rent demanded as at present. I ; 3rd. That day and night meters shall be , , supplied, so that the gas may be ■ used for manufacturing and domestic purposes during the day at a lower rate than 10s. per 1000 cubic . , feet. With a.view of showing that these great advantages can be obtained, and a large dividend paid on the’Capital invested, the directors have had. the following statements prepared, for the practical accuracy ,of which they can Vouch. ‘ Estimated Cost of Works. , ■ ■■■ ■ • . £ s. d. ( General plant, holder, &o. .. .- ~ 7,450 0 0 i Mains, syphons, valves, &o. ... .. 3,807 0 0 ; Erection of plant, setting retorts, &c. 2,150 0 0 • Buildings and land ‘ .., .. .. 2,000 0 0 : Meters and services ; .. '..1,000 0 0 j Preliminary expenses, 500 0 0 1 : Total £16,9.07 0 0 With a further works can; produce no less than thirty million feet of gas per'annum., ’ ■ Estimated Profit and Loss Account. I EXPENDITURE. ’ , 1820 tons coal, at 355, :. .. •• £3185 0 0 - stokers,; laborers,', ! and service layer, I, .. ... 1877 0 0 Lime and stores .. ... .. .. . 500 0 0 OfHco expenses (Including collection of accounts) .. .. .. .. .. 500 0 0 ” £0062 0; 0 Balance of net profit—being over 14} per cent.’on the cost of construction 2518 0 0 , Total .. ... i '.. ... £BOBO 0 0 j . 15,288,000 cubic feet of gas, at 10s, per 1000 feet .. ~ .. £7044 0 0 624 tbns coke, at 30s. per ton ... ~ .036 0 0 Total .. £BSBO 0 0 ! With the rapidly increasing population of the city and the' consequent erection of dwell-ing-houses and business premises, the directors feel that there- is ample; room for a_ new gas company, prepared to construct their works and lay their services bn the new and economi|cal principles now obtaining in the large cenjiree of population elsewhere, and whose motto will be “ economy in management, excellence in manufacture,, reasonable profits, and cheap 'and good gas for the people.” ; • c : - With'; these views, they confidently appeal to-* the citizens of Wbllington to 1 support, them in their .efforts', to relieve them from the oppression of a monopoly, and to cheapen that great blessing—light.' ' ' , ■; ■ As soon as 16,0.00! slwes, are applied for, a meeting will,bo called for the election of directors and the registration of thfe company. } Steps''will also* then! be’ taken to got the necessary Act. passed by, the. General Assembly, and power .will b e token therein to sell the works to the Corporotion, of the city of Wei- ; lington,; should: they so desire it, at a small per ’ centage on theiOQst pf construction; _ 1 Applications for shares,; accompanied by the I deposit feeiof .onoahilling pcr share, will be re- ' coiyed at .thcr Bank of New Zealand, where forms of . application may bo ■ had ; the latter may also, bo obtained from any of the' Provisional Director's,, the Company’s Solicitors, or tho Honorary .Treasurer.