Page 2 Advertisements Column 5

Oamaru Mail, Volume III, Issue 783, 15 October 1878, Page 2

UATE ADVERTISEMENTS. ing the value of shares in a number of these ; companies, and the' dividends paid by them hare ranged from 9/to 20 per cent. ' In the present ease the above rebate -would enable-the Company to let out their waggona would yield a handsome profit to the shareholders, and the hirer could in all cases depend on a regular supply, and would have the right to unload when convenient to himself, without liability for demurrage. —The following calculation—wilLahow the profits to be derived from the operations of the Company : Allowing-sixty miles_asjthe_average .weekly mileage of a waggon (a very ~l"ow~"estimate), the-TJovernment rebate ona fiveton waggon- would-amount to five shillings per week, and a further sum of five shillings per week, would be charged • to the hirerj thus giving a jreturn of ten shillings per week for--each waggon. 500-waggonsi it is estimated would 'cpst, say, , ■'•' ' £45,000. •■••'- ."'..--' ...:C..:r Estimated earnings at 10s. per ; - \veek for 'oneyeasr ~"-~. r. : —:^—£13)000 Less maintenance at £2 10s, = ~i.-'-- ,'_ per waggon yearly.". .....£1,250 ■■'-■'- Depreciation at £5 per wag- "- ~ = gon-yearly —, 2.500 "J Management, &c: ■ .- -ijoOO . ~/.- £5,250 Net profit of over-17 per cent. £7,750 The average life of a waggon, as taken from English practice, is about 14 years, so the sum allowed for depreciation-may be considered ample,.and 'the cost of maintenance has been fixed at a higher rate than the Government- estimate. With a view of at once commencing operations, so that a supply of waggons may be made available as soon as possible, the Provisional Directors have obtained from Messrs. James Davidson and Co. an offer to build | such suggons as they may require on exceedingly favorable terms, and, in addition, they have agreed to give the Company the option of purchasing those valuable premises known as the Otago Foundry, containing about one acre, and having frontages to both Castle-street and Cumberland-street, together with such plant as the Company may require, at any time within twelve months from the formation of the Company, at a valuation. Should the Company ultimately agree to purchase the above premises, the vendors have agreed to take at least one-third of the purchase-money in fully paid-up shares in the Company. The Company will therefore be in a position to determine during the first twelve months whether it will be better to accept the above offer, or to secure fresh premises, or continue the system of building by contract. Thus it will be necessary to call up only a comparatively small amount pershare of the subscribed capital until the remunerative nature of the business, and the best means of caiTying it on, have been fully tested. ■, The share list will close on the 1st 1 Vy of November, 1878. Forms of application for shares can be obtained at the National Bank of New Zealand, and branches, or from Mr. J. A. Mackenzie, the Company's broker. I STATEMENT SHEWING- VALUE £& I THE SHARES IN THE WAGGON COMPANIES IN GREAT BRITAIN AS QUOTED IN "FINANCIAL OPINION :: FOR MAY, 187 S.

apolitan Car and Waggon Bristol and South Wales Waggon 20 10 113 20 20 27J 20 15 17 r—j 10 10 U ;stol Waggon Works Company 20 10 llf The dividends paid by the above-men-tioned companies have ranged from 9 to 20 per cent, per annum. 990 PROSPECTUS OF THE O AMARU WOOLLEN FACTORY COMPANY (LIMITED). Capital £50,000. (With power to increase), In 50,000 Shares of £1 each, of which it is proposed to call up 12s, extending over two years. Deposit on application, Ib. per Share ; allotment call, la. Provisional Directors : Henry Aitken, Esq. John Barraclough, Esq. J. G. Finch, Esq. Neil Fleming, Esq. S. Gibbs, Esq. -J. C. Gilchrist, Esq. J. W. Humphrey, Esq. James Lees, Esq. A. H. Maude, Esq., Alexander M'Master, Esq., Hon. H. J. Miller, M.L.C, T. Meek, Esq. E. Menlove, Esq. T. Procter, Esq. John Reid, Esq. (Elderslie) S. E. Shrimski, Esq., M.H.B. Soijcitors : Messrs. Hislop and Creagb. Bankers: Colonial Bank of New Zealand, Broker: Mr. George Sumpter. This Company is projected for the purpose of purchasing a site near Oamarn, erecting necessary buildings, buying machinery .and plant, and the carrying on of a Woollen Manufacturing Business in all its branches. It is proposed to secure the services of & skilful and reliable agent for the purchase of the most improved and labor-saving machinery. It is believed by the promotera that the neighborhood of Oama'ru is admirably adapted for the commencement of the industry, being conveniently situated for the "pufchdae of the raw material, aa also for the disposal of. the manufactured article. • ... ■ •' •- The promoters, desiring to afford people of small means, as well as capitalists, an opportunity of investing, have determined to make the shares of such an amount as to be within the reach of everyone. The calls have also been fixed at small amounts, extending over a considerable period. It is thought that this arrangement will afford people within the district an opportunity of assisting to develop an industry which is likely to be of material advantage. As soon as a sufficient number of share* have been applied for, the purchasa of the necessary plant will be proceeded withi The promoters confidently place this proposal before the public feeling assured that it will merit and obtain their hearty approval and support. Applications for shares to be addressed to Mr. George Sumpter, Tyne-street, Qamaru, or to any Branch of the Colonial Bank. 994