Page 4 Advertisements Column 2

Taranaki Daily News, Volume XLVI, Issue 154, 4 July 1904, Page 4

Dated and filod witli the Registrar of Joint Stock Companies on the 23r(i ilay ol June, 190*. ABRIDGED PROSPECTUS OF "Ths Empire, Bellevue, & Mansions CONSOLIDATION LIMITED." To be incorporated under "The Companies' Aot, 1908." CAPITAL, £lso,ooo—divided Into 30,000 shares of fifi each, of whloh 4000 shares, fully paid ujfc are to be allotted to the Vendor; MOO are reserved for subsequent issue for extensions of business ana building purposes, and the remaining 22,000 shares are now offered to the publia for subscription, payable as follows :-£l per share on application, fil per share on allotment, and the balanoe in oaiis of not more than £1 per share as may be required, and at intervals of not less than t«o months. PROVISIONAL DIRECTORS! CHARLES P. GREENSLADE, Esq., Dunedin (Managing Direotor Speight & Co., Ltd.) ARTHUR R. V. LODDER, Esq., Wellington (Proprietor City Buffet Hotel). CHARLES H. IZABD, Esq., Wellington, Solicitor (Direotor Wellington-Manawatu Railway Coy., Ltd.) ALBERT MARTIN, Esq., M.D., Wellington (Director Equitable Life Assurance Society of U.S.) EDMUND ALLO, Esq., Wellington, Electrical Engineer and Hydraulic Expert tIERRMAN LEWIS, Esq., Wellington, Investor CHARLES TRINGHAM, Esq., Wairarapa, Sheepfarmer (Director Wellington Trust, Loan & Investment Coy., Ltd.) Who hold office until the first meeting of shareholders whioh will be held not less than one month nor more than three months from the time the Company is entitled to oommence business, at whioh meeting permanent Directors of the Company will be appointed by the Shareholders. BANKERSi The National Bank of New Zealand, Limited. solicitor^ J. J. Derine, 16, Brandon Street, Wellington. BROKERS i Ban, Leary & Co., Wellington ; William H. Turnbull & Co., Wellington ; Harcourt & Co., Wellington ; Fenwick Bros, Dunedin, R. 0. Duncan, Christohurch; V. J. Lamer, Auckland; Riohard Gooch, Waihi; Miirk Sprot & Co., Greymouth (fe Hokitika; H. Chadwick & Co., Hawkes 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 temji J. S. Schwartz, Colonial Mutual Buildings, Custom House Quay, Wellington.

" Wellington, " March 10th, 1904. " Having beon requested to supplement our former report of the 7th December last with a statement of the receipts of the Empire Hotel for the four months from the lßt November last, we have accordingly made a further exaiuination of the books of the Empire Hotel, and have to report that the receipts of the business for the four months from the Ist November to the 29th February last, inclusive, as shown therein, amount to £10,571 6s. lid. " This brings the total receipts for the year ending 31st December, 1903, to £28,671 10s. sd. "BADHAM & BISS, " Professional Accountants and Auditors." It will be seen from the reports that the receipts show a marked increase year after year, rising from £14,040 for the year 1900, to £28,671 for tho year 1903—an increase of over 100 per cent, or more than double. Compared with 1901, only two years ago, when the new buildings were completed, the receipts for 1903 show an actual increase of over 60 per cent. An examination 01 the books shows that the receipts for January and February, 1904, amounted to £6,570 10s. lid., which is at tho rate of £33,423 per annum. The present rate of profit on the Empire Hotel aione represents in itself over 8 p©r Q®ut. on the entire capital of the consolidation without taking into account at all " The Mansions " and the u Bellevue Hotel and Gardens." "With more accomodation available, which the addition of another story would give, ooupled with the large economies which oan undoubtedly be effected under the consolidation, the net profits should be increased by fully 50 par oent.

The Company is being formed for the purpose of acquiring, as going concerns, the fashionable and well-known "Empire Hotel," in Willis and Victoria Streets, Wellington; the pioturesque and far-famed "Bell(3vug Gardens and Hotel," situate at Lower Hutt, and the fine public residence or private hotel known as " The Mansions," recently erected in Ghuznee Street, Wellington; and of oarrying on, consolidating, and extending their trade or business, and generally of carrying out the objects mentioned in the Memorandum of Association of the Company. The value of the assets to be acquired by the Company has been fully reported upon by well-known, experienced, and reliable experts, and the following is a fair summary of their reports « The Empire Hotel Land, Buildings, Furnishings and Goodwill £111,200 Stock of Wines, Spirits, Ac 1,000 " The Bellevce Hotel isn Gabdkw" and Furnishings * .. •• 21,233 - Stock of Wines, Spirits, &c 250 "The Mansions," Buildings, Furnishings, Ac. 10,546 Total .. .. £144,229 These figures, based on thoroughly.reliable estimates, show a surplus of £14,229 over and above the purohase price to be paid by the company. "The Empire Hotel." This palatial hotel, reoently built and re-constructed, may now be classed as equal to any establishment of its kind which the Southern Hemisphere can boast of. The position of this building may be said to be the most valuable in point of situation and convenience which could be selected for private or public enterprise out of the whole of the Capital City of New Zealand. The "Empire" has frontages to two of the most important business streets of Wellington City—Willis Street on the one side and Victoria Street on the other—and to each of these streets it presents a handsome and imposing front. The area covered by the hotel represents a length from street to street of 190 feet, and the frontages to Willis and Victoria Streets are 75 feet and 71 feet respectively. By no possible fluctuation can suoh a site as that on wliioh the Empire Hotel stands be otherwise than materially enhanced in value in years to come.

BECEIPTS OF "THE The receipts of " The Mansions " amounted for the past eight months, to £2,134 19s. 0d„ and the eipendituro to £1,621 16s. 9J-, leaving a surplus of £313 2s. 3d. It must be borne in mind tlmt the house is a new one, openod on the Ist August, 1903, and that these figures represent the returns for the period in which the house was started, and before it can be said to have beon in full working order. The following is a copy of Messrs. Badham & Biss's report: — " Wellington, "April Bth, 1904. " We hereby certify that, having examined the books in connection with the establishment known as " The Mansions," Ghuznee Street, Wellington, we find the receipts for the past eight months, from August Ist, 1908, to March 31st, 1904, amounted to £2,134 19s. od., and the expenditure to £1,621 16b. 9d., leaving a surplus of £513 2s. 3d.; but in the above figures no amount has been included for interest on capital invested in the business. "BADHAM & BIBS, " Professional Accountants."

""The Bellevue Hotel and Gardens." At the present time, a journey of thirty minutes by train and ten minutes' walk from the Lower Hutt railway station brings the visitor to the gates of this Hotel and Gardens—a truly magnificent property of some sixteen aores, with a frontage of about 1500 feet to the main Waiwetu Road, which is one of the principal ihoroughfares of the Hutt Valley. The Bellevue Gardens are unique in New Zealand, being as they are, the only private botanical gardens on a large scale in the Colony. A carriage drive, shaded on either side by fine old trees, and fringed with graceful ferns, leads to the hotel—a veritable old English manor house—standing in the midst of emerald green lawns, flower beds resplendent with gorgeous blooms of every shude and hue; shady arbors and quaint summer-houses over which trail sweet-scented roses, interesting avenues of rare trees and shrubs brought fro;n every clime. There are nearly all varieties of New Zealand trees in these grounds. The straightening of the Hutt Railway has been agreed to by Parliament, and this important public work has already begun. The improvement ol the Hutt Boad is a work also to be put in hand immediately. It is needless to say that the Bellevue Hotel and Garden! will immensely profit by these improvements. "The Mansions." One of the finest establishments of its kind south of the line is the handsome new boarding-house known as " The Mansions," situated in Ghuznee Street. The fine proportions of this building, as it towers in its garb of white above those buildings which surround it, immediately arrests the attention in the panorama of Wellington City. The building, which is three storeyß high, of briok and stucco, has a frontage of 47 feet 6 inches to Ghuznee Street, by a depth of 66 feet 3 inches. The furnishing ia o! the most palatial character, as may be seen from the faot that it has cost nearly £4,000. Financial Aspect. THE EMPIBE HOTEL. The fullest investigation of the books and accounts of the jSmpire Hotel has been made by Messrs. Badham & Biss, professional accountants and auditors, Wellington. Their report shows that from June, 1899, to October, 1903, the receipts totalled £83,206, against disbursements, £51,371, leaving a net profit of £31,835. The following is a copy of a supplementary report from Messrs. Badham & Biss, showing the receipts for the four months from the Ist November, 1903, to the 29th February, 1904

KECEIPTB OF THE " BELLE VUE" HOTEL & GABDENS. The reoeipts of the " Bellevue " Hotel and Gardens, from lat January, 1902, to 29th February, 1904, amounted to £10,221 0s 4d, while the expenditure was £8545 7s 7d, leaving a aurpluß of £1675 12b 9d. During this period 52,103 visitors paid £1302 lis 6a lor admission to the grounds, and £416 9s Od waa realised for flowers. In the expenditure is included the sum of £1609 10s lOd, whiob is an extra outlay incurred in repairs, upkeep, and generally improving the property. The Values of the Properties. As to the values of the three properties, reports on this point have been obtained from the leading valuers of the city, men who are well known in Wellington for their absolutely unbiased judgment, skill, and experience in this class of business for a long .period of years, and generally their " bedrock " valuations. The whole of these three properties have been carefully valued, and there is'no doubt that if sold in the open market to-day they would realise considerably higher prices. Moreover, from the fact that business in Wellington is expanding enormously, and that the values of these three properties must inorease proportionately year by year, it will be admitted by everyone that the possibilities of the company must be very great indeed, and that its earning facilities, which are already so high, must be materially enhanced in the immediate future. Early application for shares is invited, and should be forwarded to the brokers, accompanied by a cheque for £1 on each share as application money. Copies of the Prospectus may bo obtained from the sover&l brokers of the Company, or the vendor. The vendor or tho local brokers will be glad to show intending shareholders over any of the properties, and to give any further information desired. r T. & 00.

REAP THE SIGN POST. LOTS OP NEW ZEALANDEUS HAVE LEARNED TO READ IT CAREFULLY. Read the sign post rightly. The sisn post of health is the back. You must read its aches and pains. You must know the language of the back. i When you know it the sign-post rerads : "Backache is kidney ache." Lame back is lame kidneys. Weak back is weak kidneys. To cure the back cure the kidneys. Only one sure way to do this. Take Dou-u's Backache Kidney ] Pills. I A Stratford citizen adds her enI dorseroent here. j Mrs IS. Sheaihan, Seaton Street, ; Stratford, says "My husband used j Doan's Backache Kidney Pills for pains in the small of his back. He lmd an attack of rheumatism some time ago, aiind ever since then, until (yiiite lately, he suffered with these pains, and also weakness of the heart. The paihs in the back were especially annoying when l>e was working, and the weakness of the heart caused his breath to come in Rasps. I am glad to be able to tell you that Doan's Backache Kidney IMlis proved just the remedy ttwtho needed ; previous to using these pills lie had tried maaiy 'dilTeiwit remedies, but none of tlicm did him any good, and it remained for Down's Pills to cure him. He never complains of backache mow, anid his heart's action is q|uite right. I also used the pills, ami they did me a lot of good." Beware of imitations. Remember it was Doom's Backache Kidney Pills which helped Mrs Sheahan, ami if sulYer as did you waint the same remedy. Therefore see that you got the genuine, and that the word "Backache" is in the name.

! Ftf. M. MITCHINSON'S Caiedonian Nursery, NEW PLYMOUTH, ' Established over 30 years. Telephone 108. NOW ON SALE: Hardy Ornamontal Trees and Sliruha Fruit Trees, Shelter Trees, ote TRICES OF LEADING LINES : Cupressus Mtocrocarpns (tailed) 2 years, 25s per 100 ; lareest size JOs. Cupressus Lawsoniana (balled), 2 years, 255. Berberry (common) 10s to 35s oer 1000. African Boxthorn, 2 years, 10s uer 1000. 1 African Boxthorn, 2 years, 10s per 1000. 1 Flaegnus,2 years old, 10s per 1000. Olearia Traversii, 2 years, 12s Gd per 100. Pinus Insignia, 2 years transplanted, 12s Gd per 100 ; 3years, 255, Apples. Pears, Peaches, Plums (Japanese and English leading varieties) from Is Gd each or 15s per dozen. Camellias, Azaleas, Rhododendrons, Heaths, ■ Magnolias, Chrysanthemums, Dahlias, Palms, Abutilons, Daphne, Hardy Herbaceous Plants, Bulbs, Climbing Plants. Ordors left at the town shop will

"Both our children were token with whooping cough, but not for long. We had read how Lane's Emulsion cnred other children, and immediately procured a bottle. With three bottles the whooping was quite away, and the children as well as ever." Chemists and Stores. 2,'6 & 4/G. Take none but Lane's. 91