Page 4 Advertisements Column 2

Thames Star, Volume XIII, Issue 4216, 6 July 1882, Page 4

.. * PBOSPECTUS \\' ■ . . ■ . ■■■..■ - . OF THE WAIWEKd HOT SPRINGS COMPANY (Limited). . Capital, £30,000; in £30,000 Shares of £1 each. 11.500 fully paid-up shares will be i?sued.to '. Mr Graham, as part payment for the property. The capital on the remaining Bhares will be payable ds follows : —5s per share on application ; 5s per share on allotment, and the balance in calls not 'exceeding 5s per eh are } at intervals of rtot less than three months. PBOVISIONAL DjBHCIOBS: W; Aitken, Esq. F. G. Ewington, Esq. D. B. Croickshank, Esq. Jas. Robertson, Esq. Thos. JVlorrin, Esq. A. Brock, Esq. R: C. Barstow, Esq, P. Earl, Esq. j Thos. Buddie, Esq. Goorge Praser, Esq. j Dr Haines Jno. Kirkwood, Esq. Jos. Banks, Esq. E. Ludlow, Esq. Hy. Brett, Esq. Jackson Palmer, Esq. Jno. Fisher, Esq. C." T. Wren, Erg. : Jas. Wallace, Esq. T: H. Hunter, Esq. ' H. F. Anderson, Esq. Wm. McCullough, Esq. B.C. Greenwood, Esq. Geo. McNab, Esq. Jos.- Bennett, Esq. Rich. J. Gill, Esq. : Jas. Black, Esq. , John Milne, Esq. ; Jno". Anderson, Esq. Thos. Maciffarlane, Esq. T. Henderson, Esq, M.L.C. M. Murchie, Esq.: J. Williamson, Esq, M.L.C. E.-Hornsby, Esq. F."J. Moss, Esq., M.H.R. S. Kohn, Esq. W. J. Hurst, Esq., M.H.R. Capt. W. Steele Capt. J. H. R. Harrison WrH. Grace, Esq. Capt. Colbeck A.' Martin, Esq. - W. S. Wilson, Esq. W. Lodder, Esq. J. Craig, Esq. G. H. Layers, Esq. ;; F. J. Somerfleld, Esq. Dr Gpldsboro' James Stewart, Esq., C.E. Dr J.M.Moore ; H. J. Wickens, Esq. Dr Honeyman Rich. Ko«,ls, Esq. j, Dr Stockwell G. Holdship, Esq. B. Ireland, Esq. J. Waymouth, Esq. R. J. O'Sullivan, Esq. Georgo Harper, Esq. Wm. Waters, Esq. j R. M. Stark, Esq. J. L. Hatswell, Esq. Charles Ring, Esq. Jno. Endean; Esq. Jas. B. Graham, Esq. Edwin Hesketh, Esq. John James,-Esq. A. Devore, Esq. Andrew Bell, Esq. Jno. Taylor, Esq. J. Cosgravo, Esq. John Reid, Esq. ; A. Cairns, Esq. John Winks, Esq.' : M. H. Roe, Esq. P. Hall, Esq. : Rees George, Esq. - S. Jackson, Esq, F. J. Hull, Esq. Jas. Russell, Esq. Francis Skeeus, Esq. '. J. H. Upton, Esq. ■ ' ' ' Jno. Wallace, Esq. W. Gorrie, Esq. ■ Wm. Percival, Esq. BANXEB3: The Natiossl Bank of New Zealand. SOIiTCITOBS! I ■ - ■ Messrs Whitaker, Bußsell, and Buddie. Beokers: Auckland Brokers' Association. Sbcbetaby pbo tern : . John Milne, Esq. OFFICES OF THE COMPANY: COLONIAL BANK BUILDINGS, QUEEN STREET, AUCKLAND. The Company is formed to purchase from Robert Graham, Esq.,- the valuable Hot Spring*, Baths, Hotel, and Estate, situated at the Waiwera, within four hours by coach road, or tweniy-four miles by water, from the City of Auckland. Steamers run daily, and a mail coach to and from the North Shore three times a week. The Waiwera Harbour being within the Hauraki Gulf, offers a delightful pleasure trip, of which many thousands avail themselves during the year. ; ' The beauty of the harbour and of the surrounding country, aB well as the curative properties of its perennial and abounding thermal mineral springs, are so widely known that comment is unnecessary. Sea* bathing, river bathing, and boating on the river which runs through the property, are among the many attractions of this unique estate. The climate is so mild and equable throughout the year that tobacco and the orange and lemon grow luxuriantly. Mr Graham has Bpent large sums in developing the property since he acquired it. nearly forty years ago. Having brought it into a paying condition, be wishes, to retire and leave to others the further great' improvement of which the Waiwera property is now capable. The property handed over to the Company will consist of the Hot Springs (which have yielded an inexhaustible supply of mineral water from tim a immemorial); the Hotel which is doing a large and profitable business, and capable of accommodating from 90 to 10i| persons comfortably ; the whole of the Harbour frontage, and 728 acres more or less of adjacent country. The latter ia admirably adapted for a Township, Villa Residences, and small Farms. It will become very valuable when a proper wharf is built by the Government, which, it is hoped, will not be much longer delayed. A further block of 102 acres has been leased by Mr Graham, from Mr Anderson, at a rental of £50 per annum, for 10 years, with a right to purchase for £1000. This lease will also be handed over to the Company. ■ The property, with Furniture, Plant, Live j Stock, etc., Baths, Bath-houses, Hotel, Cjttnges, Land, ard the Lease above mentioned, will be sold by Mr Graham to the Company | for £23,000. Mr Graham only requires one- j half ot this amount to be paid within sis months from allotment of shares, and will accept fully paid up shares for tha balanca of the purchase money. One-third of the shares will be apportioned to and reserved for the Southern Provincial Districts of New Zeiluncl, and Sydney and Melbourne. Th^prelimin--nry expenses incurred, in the formation of the Company will also be paid by ;Mr Graham. The Hotel business yielded last rear a net profit of £1,622, to which sum it has steadily grown from the small beginnings of eight years ago, when accommodation for visitors was first attempted. It is proposed to appropriate £7000 in enlarging the Hotel and ofcher improvements, in order to keep pace wifch the growing demand and great increaso of visitors from the South of New Zealand, and frocn all parts of Australia nnd the South Sea Islands. The profits of tho yoar may then be confidently estimated at from £2000 to £3000, with a proportionate increase in the years tp follow. From the land alone a large revenue must ultimately be secured, and in the meantime the current and increasing business is a sufii* oient guarantee for handsome dividends to the shareholders. A meeting of the subscribers will be convened for the Election of Directors, &c. (who will be duly appointed according to the nam> ber of Bhares taken v p in each Provincial District and in Sydney and Melbourne), of which due notice will be given. Applications for Bhares will be received by the members of the Auckland Brokers' Association, and at the temporary offices of the Company, Colonial Bank Bui dings, Queen-street, till 20th day of July, 1882. RE HOT SPRINGS-HOTEL BUSINESS ACCOUNT. .321, New Zealand Insurance Buildings, Auckland, 16th May, 1882. Robebt Gba.ham, Esq., .'■;■■' Sir,—Having completed the audit of your Manager's books and accounts for the year endipgl3th May, 1882,1 have now the pleasure of handing you the accompanying documents, viz.: Profit aad Loss Account, .Receipts and Expenditure Account, and the Balancing Account on 13th May, 1882. Reference to the Profit and Loss Account showa that the business done during the twelve months amounted to ££,159, yielding a profit of £1,622. The'figures for the year endicg May 13th, 1881, were-~Bu«ineBB done, £4,545, and profit, £1,291. The business done in the year ending 13th Muy, 1882, has therefore -been £614 -and the profit £331 more than during the, previous year, A percentage comparison shows that the business done was thirteen and a-half per 'cent, more than lait