Page 5 Advertisements Column 1

Thames Star, Volume XIII, Issue 4218, 8 July 1882, Page 5 (Supplement)

Prospectus 1 PBOSPECTU& OB 1 TR>: WAI WEE A HOT 81-RTNGS COMPANY (Limited). Capital, £30,000; in £30,000 Shares of! £1 each. T 11,500 fully paid-upV Bhares will be issued to Mr Graham, jhi* part payment for the property. The capital on tbe remaining ' shares will be payable as follows :—ss per share on application ; 5s per share on allotment, and the balance in calls not exceeding 5s per share, at intervals of not less than three months. Fbovisiokai Dibeciobs : W.'Aitkcn, Esq. "';:. F. G. Ewington, Esq. D. B. Cruickshank, Esq. Jas. Robertson, Esq. Thos. Morrin, Esq. A. Brock, Esq. R. C. Barstovv, Esq, F. Earl, Esq. Thos. Buddie, Esq. Goocge Frascr, Esq. Dr Haines Jno. Kirkwood, Esq. Jos. Banks, Esq. _ E. Ludlow, Esq. Hy. Brett, Esq. Jackson Palmer, Esq. Jno. Fisher, Esq. C. T. Wren, E?q. Jas. AVallace, Esq. T. H. Hunter, Esq. H. F. Anderson, Esq. Wm. McCullough, Esq. R. C. Greenwood, Esq. Geo. McNab, Esq. Jos. Bennett, Esq. Rich. J. Gill, Esq. Jas. Black, Esq. ■ John Milne, Esq. Jno. Anderson, Esq. Thos. Macffarlane, 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 1 Capt. J. H. R. Harrison W. H. 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 Goldsboro' James Stewart, Esq., C.E. Dr J. M. Moore H. J. Wickens, Esq. Dr Honeyman Rich. Reals, Esq. Dr Stockwell G. Holdship, Esq. B. Ireland, Esq. J. YVaymouth, Esq. , R. J. O'Sullivan, Esq. Gcorgo Harper, Esq. Wm. Waters, Esq. 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. Cosgrave, 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 Skeens, Esq. ■ J. H. Upton, Esq. Jno. Wallace, Esq., • W. Gorrie, Esq. Wm. Percival, Esq. BANEEBS: The National Bank of New Zealand. Solicitobs: Messrs Whitaker, Russell, and Buddie. BbokerS: Auckland Brokers' Association. SfiCBETABY PBO TEM : 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 Springs, Baths, Hotel, and Estate, situated at the Waiwera, within four hours by coach road, or twenty-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 Harfeour 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, as well as the curative properties of its perennial and abounding thermal mineral springs, are bo widely known that comment is unnecessary. Seabathing, 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 spent large sums in developing the property since he acquired it nearly forty years ago. Having brought-it into a paying condition, he 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 100 persons comfortably ; the whole of the Harbour frontage, and 728 acres more or le3s of adjacent country. The latter is 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 Stock, etc., Baths, Bath-houses, Hotel, Cottages, Land, and the Lease above mentioned, will be sold by Mr Graham to the Company for £23,000. Mr Graham only requires onehalf of this amount to be paid within six months from allotment of shares, and will accept fully paid up shares for the balanca of the purchase money. One-third of the shares will be apportioned to and reserved for the Southern Provincial Districts of New Zealand, and Sydney and Melbourne. The preliminary expenses incurred in the formation of the Company will also be paid by Mr Graham. The Hotel business yielded last year a net proiit 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 other improvements, in order to keep pace with the growing demand and great increase of visitors from the South of New Zealand, and from all parts of Australia and the. South Sea Islands. The profits of the year may then be confidently estimated at from £2000 to £3000, with a proportionate iricrease in the year's to follow. From the land alono a large revenue must ultimately be secured, and in tbe meantime the current and increasing business is a sufficient 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 num* ber of shares taken up in each Provincial District and in Sydney and Melbourne), of which due notice will be given. Applications for shares will be received by the members of the Auckland Brokers' Association, and at the temporary offices of the Company, Colonial Bank Buildings, Queen-street, till 20th day of July, 1882. . RE HOT SPRINGS HOTEL BUSINESS ACCOUNT. 321, New Zealand Insurance Buildings, Auckland, 16th May, 1882. Robbbt Gbaham, Esq., Sir, —Having completed the audit of your Manager's books and accounts for the year ending 13 th May, 1882,1 have now the pleasure ! of handing you the accompanying documents, viz.: Profit and Lobs' Account, Receipts and Expenditure Account, and the Balancing Account on 13th May, 1882. Reference to the Profit and Loss Account shows that the business done during the twelve months amounted to £5,159, yielding a profit of £1,622. rXhe figures for the year ending May 13th, 1881, Vete—Business done, £4,545, and profifcj £1,201, The business done in the year ending 13th Hay, 1882, has therefore been £614 and the profit £331 more than during the previous ■ year. A per-centage comparison snows that the business done was thirteen and &«half per cents more than last