Page 23 Advertisements Column 1

NZ Truth, Issue 1194, 18 October 1928, Page 23

The Rosa Havet Company's £50 ihares jar© l^gr^^^ : :' ' f j/" }? ■■■./■;.:-'. . •'.' : ';. .- - : ■ ■..•'.■" .'•'•' . , v ■■-.'.... ■: •-• . ; "' ' v., ' ■■■.-■ - :' : ' ■ ..■■■■-,••-.■•• . ■ . ■ ; ■ -■■ '■■■.".'. '■ : : '~ . v ■"*" Much adverse^comnien't has been aroused^in New Zealand because of our. failure to , make the most of the tre- The market for whale oil Is practically unlimited. The finer grades are used In the manufacture of high-grade , ... ... : tnendously rich whaling grounds, within & few.'days 1 sail of our shores. So'far.yit has remained for Norwegian • • • . . ' ■■■•i^-,-- __„,.. or ,j. „iori fnn Ii enterprise to reap a rich harvest from our southern seas. Each year, modern, completely-equipped whaling expedi- . lubricating oils and edible fats (e.g., margarine) by the hydrogenation process. The lower grades are used .for r , r , rations' have come out all the way from Norway to engage m whaling m the KossSea. The wonderful success that leather-dressing, the batching of fibres such as Jute, but chiefly for the manufacture of soaps. . , ri has attended, their efforts Is known throughout? the world-— last year one of their ships returned with the world's ; " : ' -- \"~ record cargo of whale oil, • .It is obvious from the figures shown 'in the Prospectus that whaling In Ross Sea Is a very lucrative business. ' . II ■ -in."^* n^ w a^ las< V f ew Z^ 1 , ajl6 L^aUnirv.C>mpaay_lß.about to be formed--tlte New Zealand and Boss Sea The formation of the New Zealand and Ross Sea Whaling Company, Limited, offers the first opportunity to the ' New .. :! '•S^»s^^^«^&SS^^^S?^t£jS^ : ; . *-«* P*>"= »' P-tiCpatfcg j,' th. 3B re«. proßt-earn^ l»du S tr y . ft I. se.aom that the .nve^btoi.^ '«*■ S terms of «a. licence obtained, from the New Zealand Government. ••'?■■•■• v ' ' ; ( given an opportunity of acquiring shares at par m a Company with such great dividend- payings b'otenUaUweisr*^*''' tii?j} ' x :i jj" ' ' // '- ■• •• ■ „ ... . ■■..■■ ■; ■..••■ ■ . . ' ' ■ . -.. . .... '.". ' -■ '^\.^. ; ;; ff J^;;\.. v ;:.^f;J!'^ • ** ' ' '-■•" ■:.■. ,■■■; Abridged \ Prospectus. ;;■ 'o T -; ::; lii; ,j JNtW ZtALANU ANU KUho otA Whal TNH rOMPANY IIIWITFS ! Yr Or^LilliVl VV/lTll /ill i L<llTll 1 LjL/» :> : ' (Registered 'under "The Companies Ad 1908") ! mass production \ ,\ - H V^afjltal'''''! 350,000 are now offered- to the public for subscription on the. following terms:— v oll ; In the factory ship there are usually from 20 to 30 tanks, each one capable of. holding 500 — T[ t~ 2/6 per share -on 4ipilcation, 2/6 per share on allotment, and the balance m calls of . to 700 tons , of oil. The company will install on the factory ship the latest type orcontinuous -_ : .1 i*f*/\f\ f\f\£X «■■;» ™ '. : I .■""■ WP"w»-"y"» •/• f apparatus, which has been proved a pronounced success and which allows ever a greater num- . " ' ' I fSllll (irlf I 2/6 per ; share at intervals of not less than one month. . ber of whales to be treated per day. ' x " -...?—. ' ■;■■-■--' -7.^ 7;; \ «VV\/ v^yyV i. There are no Promoters' Shares being issued. ' That whaling is carried out so far south has the advantage of allowing double shifts to be' -' :| «'Tidens Tegn" ' I « ' ' . - . .->. . /worked, as m that locality 'during the Whaling season- there .are 24 hours of daylight. „,. IS Translated extract frotn pap er), I First Directors l - PORT CHALMERS A FINE BASE ' . „:..,. =| /-00-pll-lcnOWn Norwegian 1 (Who will hold office until the conclusion' of the'P'irst Annual General Meeting) ' Port Chalmers offers a fine strategic position as a base for whaling operations. -It lies -*>. i}_ ™ May 4, 1928- , CAPT. HUGH MONRO, Company Dlrector^^ahchester Street, Christchurch. ..' SaM S SrtfKS^ t^tmfK i' «rrrATB OII^ SOIjI> F iVvwirß • I SFS? ffF^S^^^2i^%«*^- f^rr^^i^^^* ' ' Chalmers will become more apparent later- on. when m all probability this ,wffl. ex- '- HALE ° MINION KB.QNEB CAPT^MA^mAS ■ W aS ChaS6r3 ""^ " *" - 01 Million Sterling.) 1 * JOHN RINGL.AND, Company Manager/ Crawford 1 ; Street, Dunedin. •■■-.. ,' wtcw.ni. ± a^ a . , _ . .';".., r (Approx. -amit-POUND I. JOHN GERRIE NEIL., Manufacturing Chemist, Cumberland Street, Dunedin. 1 . .-:■'-• . KEVtNUt. iZ /-.rncißD ON A TtU*' i , \ „ . The average catch of an existing modern factory ship of 12,000 tons register V :: r«nNTBACTS cljU \, ia ts . ' 1 uanKers: Solicitors: -. for the past twp seasons shows at 10,318 tons of whale oir per season, >■ ?- BAD .„. v, een \ THE NATIONAL BANK OP NEW ZEALAND, MOORE, MOORE and NICHOL, DUNEDIN. I ' Which, at £30 per ton amounts to .... .. ...., ... ..* i,x, ; 309,540 f: I v last week, negot^J^^e sale LIMITED. ; . .... - -. i ■ ' -■ ■ , • ••■■EXPENDITURE ' ';' : " s/*--^^-"-'^ *:y: % \ Puri^e by the parties {^ cr the 1948-29 8^ 8 ° n ; \ „ „ .._■ ... Auditors; -' ■■ '\ Factory ship for journey to Ross Sea and. back to Europe with cargo-- ' . . \ ??^foilP«^li% ?^^f.sSS« i to.). \ C. W.J. BELL, 8.C0m., A.P.A.N.Z., 24 Walter Street, Dunedin. H. H. SYKES.A.I.A.N.Z.. 150 Rattray Street, Dunedin. . ' OiMuel «or months) ■•.;' .. >. -.-.- -^ ..■ £20.000 - ; :. \ ™r e NO°FA (the Norwegian M 8 . k _ uNlO n. .1 ■ . .-. • ' Secretary Vand Registered Office: . Organising Promoters: i ' Food, and Stores^ „,. ... „ ... \... . . - M . 4,000 34,000 < ; \ l^R BROS., and the MABGERINB . ,^ ,_ ; R. CABLE, No. 4, Stock Whanke Bldfs.. Dunedin. SOUTHERN DEVELOPMENT COMPANY. LTD. ;.-'- ' tSiomSSn^.! 01 T V. „ £11.000 ' • .]% 1 LEV^tv night, the *:g»" V 1 Cable and Telegraphic Address: "Cachalot," Dunedin. ( Food and Stores: fcrt -„. ;.« .... .mi •*• >.■ 4,000 15.000 i |:; l^--^»JSS^- l ate^^^ V --1- ■ - ■■■■■. - V,. '„ OB JE OTS. Of THE COMPANY ' i "™ C^ .. »■■»..,„.«•..«. -- * *.00« I:^V.. . M ■ 1 T*P- vln fi,» i« raer Norwegian »r«v y. . ■ -•, _ „; - 1 The objects '•of the'^^Company are' set but In the Memorandum of 'Association, which is incorporated m and forms part Wages .. „., ■';,., .* . ».. ... r ... •...•• 10,000 • -j* 1 f roro > n s_'t o ries at SQUtft V e r „ .■ x t sea- 1 ; of , the^^ Prospectus. -, The primary object, of the Company is to :i>urchas> up-to-date factory ships '•and, chasers , for the pur- Food and Stores .. -.'. .. ..- .... ..-■ 3,000 17,000 .<. 2 c v I «• (Lana 1^ . Q w h(3le 01 » * ro a uc c | P^se of catching whales and extracting, the oil, etc,,.:^n the- 'Southern Seas "and the Ross Dependency, as -per terms of New Insurances— Marine and Workers' Compensation, and Office Expenses, etc. ... .18,000 ; , ; . /- • ?.? I »Phe contracts inciu^ lmate a to w._ a 1 Zealand Government' licence. ' *• . '. \ /; '.' ' * > , ' ■ ; Royalties,' repairs and renewals, bonuses, depreciation and general contingen- x? V: on .a^tchof.Oil.^h^ a la of pU.^eprwe^ ely ; I ... :. : . . ..-: {./ ■■■;. .MSENERALp . i . . : > cles (say) „ „. ..,«.« ... •• ..■■«■•,«■■« WWOO •,J ;j 1 *rom 'Bo-90 tn0 .ft=A million '-Woner <.*!'*' 1 Hitherto, whaling m Ross Sea has been virtually a monopoly of the Ross Havet Company, which, obtained its licence '■'*,* '"'''' ■ ,J M( . •r it 1 value of f rom 40 i JerllngV • 1 from the New Zealand Government at the instigation of the Imperial authorities. Further applications by Norwegian m- . '...■• Total Expenditure kd km 134,000 ■ .:?. 1 oit million P ounG3S . : 1 terests have been refused. However, it has been felt for some time that New Zealand . should have a share m the wealth . . . .•' ■ " £"' ■. J I *' a - ; • . .■■■ ' ■ 'Y ;\'. . of its own dependency,- and the Rosa . Sea Development Company was formed to attain this object. On representations Surplus r..i «n ••• a* ■ -' — -175,540 ;v. \ •■•■•.•: — F ; ' ■' ''"'■ '' being made to the Acting-Minister of Marine, Sir ; Francis. Bell, .he recognised the justice of this contention and signified ; . • . ' ' ' ' • v — — — XJx^-~~--~*~^^ \ - : **™^^ ten chasers. It Is the Intention to start opera- The shown, f n^ t ° m l^ \?f TTfrom Chrifltchurcn o» \ tions with one factory ship and five chasers. The licence is for whaling .In Southern Seas, Ross Sea, and the Balleny shares m existmg Whaling Co mpariies aie .quoted. .%t,* ; llß for shares _paiaup v ._ .^ (Editorial « 1928.) ... .1 Islands. A, glance at the map reveals the wide scope available for the Company's operations, and the Directors are con- to £5 °- \ . „.,...' ■■■. - "■- ..-. poMES AGAW • don \- fldent that before long the Company will have the full fleet as allowed by its licence. It is expected that the 150,000 shares ■ However, if the revenue Is based on a 13,000 ton catch (the actual catch 'for last season. ';,"■. NOBWA* v , reports a lan I held m resei ; ve, together with undistributed profits, will be sufficient to finance the second factory ship and chasers. of the "C; A: Larsen/' jvide extract from "Chris tchurch Sun'O, it will be seen that the surplus „. . A -brief cablegram ce £'£ ay tnat a well V . ...-■■■ ENGAGEMENT OF CREW , ' is £256,000,, equivalent to a, return of 73 per cent, on the issued capital, v „,: , ; , ,^ - newspaper's . annO na a bought^ the. A cO nvert 1 The Company is fortunate m having as one/of its Directors Captain WHg, Who has been connected with whaling for f ' . ■' '."..'' -' km^ Ummm^'. " "' ■ "• -Jj%" j; "- whaling company alafld waters, aii" ge m tne i many years. It is the~ intention of the Company to engage experienced Norwegian whaling officers and harpooners, as p ■ •■ ■ ~~~~ :•• • • ■■ : ' ' ■ ' . • - known m New lnto a wnaier> , 1 Norwegians are recognised as being the most efficient whalers, and are the people who have brought the whaling industry g-% C T% i • o|J ..^: .;,:-. ,v; » w , 12,000 ton Buiy ■ .»(,„. the crew I . to its present state of efficiency. • . . I Alinnn Tf\Y X #*^ AIT VITi O" ' " ?^ : southern seas. ' v Bion wiU be \^°'S' outlay m I Bonuses will be paid to the officers on the basis of whales captured, and, as the Ross Sea is recognised as the richest \^UU[IMII IUI IVCOCI Vllig w/UttlCO. The cost of - o c ° n lr* n . out what is suo^ Norweg ians 1 whaling ground, there will be competition amongst experienced whaling men for positions with this Company. " , .. , •*. \. •orUl number 200^ ealt ti which tne * steam 1 The factory ship, besides its crew, carries from 80 to 100 men to handle the whales and extract the oil. These, m the > To the Provisional Directors, " 5 1 nnmuarison itn /i; th^em within a |?£v that t ne 1 case of the Norwegian Company, have to be brought from Norway and taken back to Norway each year, m the case of ' _. -- ... , , ~ trru i' n t • •* j " Sw is waiting f°J tn j^ h. surpfislns^^ I this New Zealand Company, these men wiU be engaged at Port Chalmers, and wilt not accompany the factory ship when The New Zealand and ROSS Whaling-Company Limited, : nf New Zeala tort on her new miss* c gur . 1 it takes Its cargo to the northern markets. Thus it will /be seen that the NewJZealand Company will be spared the wages • ■ -._.•--.■' Kon ,■ 2 •••Athenic'Ms to ; swr^ And wpu" l . mei ne gtupld 1 and victuamng of this large complement of men for three mo nths--an item .of. expenditure^ which must run into many C.P.O. BOX 080, - 5 ' Distritt Repr^ : . , Please reserve me... shares m the New ' Zealand, and -Ross Sea \ SSbeWre^ 1 _____ __ — . .. . . .. — ___ — ___ ••-•■^■\" '' \ ' :^\ ' '-J\? -'' /'■''"; ;" -. .-" ■ Whaling Cb:, Ltd,, for which I enclose ....;....... . k . being a^d&posit of 2/6 per ■ SH^gS^r#S^ 1 •-■ NmerstpnN. Wellington Canterbury .fago Southland i^*»* B *«*~n«. . ;_.- -. ff?o%^%|ar t r--1F t & woSJ r ßtm . — - — -^- - ..■■/• •■- - ■ r .-■..»■ v :.;■;..;: -: . :■,-. . : "• name.......... ;,...„:. ;.:., ; ..--- ; .": i iipay» N S cs to tales ** 1 * BZe8 Ze S an T to «c K. W. PEIEST, K. Scott, Oandy New Zealand New Zealand f. 0. SMITH, ' '-? & h^« Z e^J^^ ' Palmerston ' and Go. >DBESS .:......; , '. \ r SoJrSs^ c ou^g^o^ th^ \ North. A.M.P. Building, P^ Limited, pany ; Limited, , layercargill. V . . ;... ' £ -landers. It^i^prise Norway, and a i 143 Hereford Stock Exohange „ (In Block " % 1-:-«o Biowiy.8 iowiy. Wellington StreeV BuUding, ' Letters) „> ;.......;.. . • J- •• • ' : ' ■'■ • ' " '. - _• „ . ,■■■..■■.■.■ ■ ',■.'; :■,'.;■•:..■ Cbris|Dliurch. '■ Dunedin. :..•:'?•,•■. ■■■.■' : :. ' r - ■ i ; :