Page 4 Advertisements Column 3

Taranaki Daily News, Volume XLVI, Issue 165, 16 July 1904, Page 4

Dated ami filial with the Kogtstrnr of Joint. Stock Coinpan the is3ra u«£ or June, 190 ABRIDGED PROSPECTUS OF "The Empire, leHevue, & Mansions CONSOLIDATION LIMITED." To be incorporated under "The Companies' Act, IMS." CAPITAL, fi150,000-divided into 30,000 shares of «6 each, of which MOO sharss, fully paid up. are to be allotted to the Vendor; 4000 are reserved for subsequent issue for extensions ef business and building purposes, and the remaining 28,000 share* are now ottered to the publio for subscription, payable as follows :-£l per share on applieation, fil pet share on allotment, and the balano* In oalls PROVISIONAL DIRECTORS l EDMUND ALLO, Esq., Wellington, Eleotrical ] HERRMAN LEWIS, Esq., Wellington, Inveato CHARLES TRINGHAM, Esq., Wairarapa, Sheepfarmer (Direotor 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 coi 1 ""- : -i—u-*. .... . ~ ... - ■ . > by the Shareholders. BANKERS i The National Bank of Now Zealand, Limited. SOLICITOR! /• "~~" J. J. Define, 16, Brandon Street, Wellington. BROKERS ■ Birr, Leßry & Co., Wellington ; William H. Turnbull & Co., Wellington ; Harcourt & Co., Wellington ; Fenwiclt Bras, Dunediu, It. 0. Duncan, Christchurch; Y. J. Lamer, Auckland; Richard Gooch, Waihi; Mark Sprat & Co., Grcymoulh A Hokitika; H. Chadwick & Co., Hawkes Bay ; C. H. Lewis, Poverty Bay ; J. F. Clark, Nelson; Bowley & Griffiths, New l'lymouth ; It. Brett, South Canterbury ; C. L. Duigan & Co., Wanganui. SECRETARY (pro fern J i J. S. Schwartz, Colonial Mutual Buildings, Custom Ilouse Quay, Wellington.

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 picturesque and far-famed "Bellevue Gardens and Hot" 1 " "'■■"*" at Lower Hutt, and the fine publio residence or pi known as " The Mansions," recently erected in Ghuzneu 01 Wellington; and of carrying on, consolidating, and exten ..„ 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 h been fully reported upon by well-known, experienced, and reliable '•ports, and the following is a fair summary of thoir reports ; " The Km;ire Hotel " Land, Buildings, Furnishings and Goodwill £111,200 Stock of Wines, Spirits, Ac 1,000 " The Bellevue Hotel and Gabdihs" and Furnishings 21,288 Stock of Wines, Spirits, &c 250 "The Mansions," Buildings, Furnishings, &o. 10,516 These figures, based on thoroughly reliable estimates, show a mrplua of £14,229 over and above the purohase price to be paid by the company. "The Empire Hotel." This palatial hotel, recently built and re-construoted, may now be classed as equal to any establishment of its kind which the Southern Hemisphere oan boast of. The position of this buuSing may be said to be the most valuable in point of situation and convenience which could be selected for private or publio enterprise out of the whole of the Capita! City of New Zealand. Tlld "limnlm" I,on frnntaona in tton nt tti. I«A,I Imnnrtant streets of Wellington City—Willis Street on the o streets it presents a handsome and imposing front. The area ISO feet, and the frontages to Willis and Victoria Streets are 75 feet and 71 feet respectively. By no possible fluctuation can such a site as that on which the rs to come. ''The Bellevue Hotel and Gardens." At the present time, a journey of thirty minutes by train and :en minutes' walk from the Lower Hutt railway station brings the tisitor to the gates of this F" f "' "•" , «»vj 0 „o_ 0 ir,-,i„ ™.. m ,i_ icent property of some sixt* 1500 feet to the main Waiwetu Road, which is one of the principal thoroughfares of the Hutt Valley. The Bellevue Gardens are unique in New Zealand, being as '.hey are, [ho only private botanioai gardens on a large scale in Shi; Colony. fringed with gracoful foi English manor house—standing in the midst of emerald green lawns, flower beds respl rt "'* Q "* ™ !fVi «~.™«»« w.™™ ~« «««-« 'hade and hue; shady v.-hich trail sweet-scented roses, interesting avenues of rare tre '.nd shrubs brought from every clime. There are nearly all varieties of New Zealand trees in these grounds. The straightening of the Hutt Bailway has been agreed to begun. The improvement of the Hutt Road is a work also to be put in hand immediately. It is needless to say that the Bellevue Hotel and GardeM will immensely profit by these improvements. "The Mansion!." One of the finest establishments of its kind south oi the line is the handsome new boarding-house kno< " """" **—'—- " situated in Ghuzm round it, immediately an Wellington City. The building, which is three storeys high, of brick and stucco, ■ .—.._. 0 [ 47 [ M j g inches to Ghuznee Street, by a depth ies. The furnishing is of the most palatial character, as may be seen from the fact that it has coat nearly £4,000. Financial Aspect. THE EMPIRE HOTEL. The fullest investigation of the books and accounts of the Empire Hotel has been made by Messrs. Badham & Biss, professional accountants and auditors, Wellington. Thoir report shows that from June, 1809, to October, 1903, the receipts totalled £83,206', against disbursements, £51,871, leaving met profit of £31,885. The following is a copy of a supplementary report from lessra. Biulhim & Biss, showing the receipts for the four months ■'.mi the Ist November, 1903, to the 29th February, 1904:

the 7th December Inst with a sUtci tho Empire Hotel for the four mou November lust, we have accordingly examination of the books of the Empire '. have to report that the receipts of the busim four months from the Ist November lo the 29th .February last, inclusive, as shown therein, amount to £10,571 iis. lid. " This brings the total receipts for the year ending 31st December, 1903, to £28,071105. fid. "BADHAM &BISS, " Professional Accountants and Auditor:.." 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 the- year 1903—an increase of over 100 per cent, or more than double. Compared with 1901, only two years ago, when tho new i...:u:_„ s were com pleted, the receipts for 1903 show an actual : of over 60 per cant. An examination of the books shows that the receipts for January and February, 1904, amounted to £5,570 10s. lid., which is at the rate of £33,423 per annum. The present rate of profit on the Empire Hotel aione represents in itself over 8 per oent. on the entire capital of the consolidation without taking into aocount at itU " The Mansions " and the " Bellevue Hotel and Gardens." With more accomodation available, which the addition of another story would give, coupled with the large economies which can undoubtedly be effected under the consolidation, tho net profits should be increased by fully 50 per oent. RECEIPTS OF "THEIMASSIONS." The reoeipts of " Tho Mansions " amounted for the past eight months, to £2,134 19a. 0d„ and the expenditure to £1,021 10b. 9d., leaving a surplus of £513 2s. 3d. It must bo borne in mind that the house is a new one, opened on tho 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 been in full working older. The following is a copy of Messrs. Badham & Biss'a 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, 1903, to March 31st, 1904, amounted to £2,134 19s. od., and the expenditure to £1,621 16s. 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 Si BISB, *' " Professional Accountants." RECEIPTS OF THE "BELLEVUE" HOTEL A GARDENS. The receipts of the " Bellevue " Hotel and Gardens, from lsl January, 1902, to 29th February, 1904, amounted to £10,221 0s 4d, while the expenditure was £8545 7s 7d, leaving a surplus of £1675 12i 9d. During this period 52,103 visitors paid £1302 lis 6d for ad- —' .sion to the grounds, and £416 9s Od was realised for flower«. In the expenditure is included the sum of £1609 10s lOd, lich is an extra outlay incurred In repairs, upkeep, and generally iproving the property. Tha Valves of the Properties. have been obtained from the leading valuers of the city, men who J ears, and generally their " bedrook" valuations, ole 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 faot that business in Wellington is expanding enormously, and that the values of these three properties must increase 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 faoilitlr ■ "■' ' ' " l ■ ' * - »nd should be lot'<1«1 to tho lii'Oliovs, iiccompiini on each share ns appli.'jH opies of tho I'i'osptwliis inuy oral brokers of the Company,

The Canterbury Chess Club haf» expressed a dosii'o to be relieved of lilie management of the next annual cln,}.npi<ji]ship congress, owing to the, deaths of throe of its members. It iH almost certain the congress will be held in Oaniaru, the club there having offered to Utke charge of the meeting. A rciii-iirkufi/lo accident occurred to Miss Hicks, of Orange (N.S.W.) last week. She was pumping water from a well about 10ft deep, when a portion of the covering gave way, causing an opening large enough for Miss Hicks to fall through. She had drawn enough water to (111 a largo tub, which was also on the well when it collapsed. In trying to save herself from the fall, she caught the handle of the tubas sho fell, causing the tubito capsize and empty its contents on her, but as the hole was not large enough for tiro tuj> to enter she was suspended in tho well until rescued,

A Life Saved Never giro up. No matter how ill you are. Ayer'aSamparilla has wired Bomotorriblo cases, and itwillcureyou. lit. Thol. H. Cashel, Barrel Creek, Drip* Mone, New South Wales, writes: I was handling wot wool. After a day or two I could noT; walk, and Buffered terrible pains. My faco_ turned nearly black, larga . ..,_.- ybooy laparilla savoa my life." AYER'.S Sarsaparilla There art many Imitation Raraapulllai. Be turn you gel" Ajer'».' r Prepared by Dr. J. C. Ayer Co., Lowell, Mm.. A,