Page 4 Advertisements Column 4

Taranaki Daily News, Volume XLVI, Issue 171, 23 July 1904, Page 4

A Splendid Investment STUDY THIS FROM A BUSINESS STANDPOINT "The Empire, Bellevue, & Mansions CONSOLIDATION LIMITED." To be incorporated under "The Oompaniw' Aot, 1905.* building purposes, and the remaining 82,000 shares are now offered to the publio for subsorlotlon payable as follows: -£1 per share on application, £1 per share on allotment, and the balanoe in calls af not more than £1 per share as may be required, and at intervals of »ot less than two months. PROVISIONAL DIRECTORS! CHARLES F. GREENSLADE, Esq., Dunedin (Managing Direotor Speight & Co., Ltd.) ARTHUR B. V. LODDER, Esq., Wellington (Proprietor Oityßuffet Hotel). CHARLES H. IZARD, Esq., Wellington, Solicitor (Direotor Wellington-Manawatu Railway Coy., Ltd.) ALBERT MARTIN, Esq., M.D., Wellington (Direotor Equitable Life Assurance Society ol U.S.) KDMUND ALLO, Esq., Wellington, Eleotrical Engineer and Hidraulio Eipert UEItRMAN LEWIS, Esq., Wellington, Investor CHARLES TIUNGHAM, Esq., Wairarapa, Sheepfarmer (Direotor Wellington Trust, Loan & Investment Coy., Ltd.) io hold office until the Brst meeting of shareholders whioh will be held not less than one month nor more than three months from the Vme the Company is entitled to oommenoe business, at whioh meeting permanent Direotors of the Company will be annointed by the shareholders. ' " BANKERS: The National Bank of New Zealand, Limited. SOLICITOR i J. I. Define, 16, Brandon Street, Wellington. BROKERS) •l, Lcary & Co., Wellington ; William H. Turnbnll & Co., Wellington; Bareourt & Co., Wellington ; Fenwiok Bros Dunedin R. 0. Duncan, Christohuroh; V. J. Lamer, Auoklandi Richard Goooh, Walhi; Mark Sprot * Co., GreymouthAHokitlka•' H. Chadwiok & 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 (orofemji J. 8. Schwartz, Colonial Mutual Buildings, Custom House Quay, Wellington.

Ens Company ig being formed for the purpose of acquiring, as 1 a going concern three of the moit valuable business properties in New Zealand—the large and palatial EMPIRE HOTEL, in Willis and Victoria streets, Wellington; thebeautlful DKLLEVUE GAEDENB and fashionable Hotel at the Lower llutt, and the popular Private Hotel known as "THE MANSIONS," in Ghuznee street, Wellington. It is proposed to purchase these three properties (or the sum of £130,000, of which the vendor receives £68,000 eashand 4000 fully paid-up shares; the sum of £55,000 remaining on Med mortgage. The faot that local companies have a sum of £59,000 been carefully assessed by well-known and reliable expert),' And a summary of their reports show a total value of £144,139, These figures, based o> thoroughly reliable estimate, show a surplus of £14,229 over and above the purohaie price to be paid by the Company. Tbe intention of the Company is to carry on the three buaiand most popular Unei, and to utilise to the utmost the latest and moit modern Ideal in hotel management. This is an A(e of Consolidation, The trend of modern business methods la in the direction of merging small enterprises into great, and thus reducing] tha expenses of management. The amalgamation of these effect a considerable saving in many glasses of fitook, Goods. Prnvialnna An *,Mafc 1™ 1,„,' _„.>k...J !_ 1 ill! ill be secured on much more profitable terms than under Beparate ownership. The consolidation of the properties will undoubtedly result ia Effloiant and Economical KanafamMt, Inoreasad Buslnais and Increased Profits. As to the value of the three assets in Shis great business proposition, first oonsider "The Empire Hotel." in point of situation, architecture, equipment, and general convenience, one of the finest hotels in Australasia. It ii unique in having two frontages—to tbe two leading business streets—one to TOill,'. „«.*»« ...;Wh..«1...t. T71.1-.:. .1." t mi ,11 ,iK building may be said to be the niOßt valuable in point of situation and convenience which could be selected for private or pvblle enterprise in the whole of the oapital elty oi New Zealand. The area covered by the hotel represents a length from street to street of 190 feet, with a frontage to. Willis and Victoria streets of 75 feet and 71 feet res —"--'- It consists of four stories and the bat r ooms, 108 of which are bedroo Note these Figures I A careful and full investigation of the books and accounts oi tbe Empire Hotel has been made by Messrs. BWhara and Bias, Professional Accountants and Auditors, Wellington. Their report shows that from June, 1899, to October, 1903 little over four years—the hotel receipt) totalled £88,206, against hi expenditure of £51,371, leaving a net profit of £81)885, of interest. For the year 1903 the total receipts wore £28,67110s sd. For the four months from November Ist, 1908, to February i9tb, 1904, the receipts were £10,571 5s lid. For the months of January and February, 1904, the receipts amounted to £5,570 ]os lid, which is at the rate of £33,423 per annum, and under the new management will undoubtedly Increase at an even greater ratio. The present rate of profit on the Empire Hotel alone represents over 8 per oent. on the entire capital of the consolidation, without taking into consideration at all the i>rofita from " The Mansions" and " Bellevue Gardens,"

Those cold days it is very handy (o have a warm p a ir of gloves. Gents' knit woollen gloves Is 6d, gents' Astrakan gloves, kid palms, 2s lid ; gents' kid gloves, warm lining, 4s Gd. Our best dogskin, warm lined driving gloves, now 5s Gd. Heal, Cash Clothier,* For Children's Hi night, Woods' G.wiv iul Cure, la 6d.» 1