Page 4 Advertisements Column 2

Thames Star, Volume XIII, Issue 4225, 17 July 1882, Page 4

Prospectus PBOSPECTUS „ OF THE .-- WAI WEE A HOT SPRINGS COMPANY (Limited). Capital, £30,000; in £30,000 Shares of £1 each. 11,500 fully paid-up shares will be issued to Mr Graham, as part payment for the property. The capital on the 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. PBOVISIOHAL DlBBCTOHB: I W. Aitken, Esq. F. O. Ewinpton, Esq. I D, B. Cruipkshank, Esq. - Jas. Robertson, Esq. Thos. Morrin, Esq. A. Brock, Esq. B, C. Barstow, Esq. F. Earl, Esq. Buddie, Esq- Goorjfe Fraser, Esq. Dr Haines ' Jno. Kirkwood, Esq. . Jos. Banks, Esq. E. Ludiow, Esq. i Hy. Brett, Esq. Jackson Palmer, Esq. Jno. Fisher, Esq. C. T. Wren, Ef q. Jas. Wallace, Esq. T. H. Hunter, Esq. H. F. Anderson, Esq. Win. MeCultough, Esq. R. C. Greenwood, Eiq. Geo. McNab, Esq. Jos. Bennett, Esq. Rich. J. GUI, 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., MrH.R. Capt. W. Steele 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. Somerfield, Esq. Dr Goldsboro' James Stewart, Esq., C.E. Dr J. M. Moore H. J. Wickens, Esq. Dr Honeyman l Rich. K«Js, Esq. Dr Stockwell G. Holdship, Esq. B. Ireland, Esq. J. Waymouth, Esq. R. J. O'Sullivan, Esq. Georga Harper, Esq. Win. 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. Cosgrare, 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, Eiq. Jno. Wallace, Esq. W. Gorrie, Esq. Wm. Percival, Esq. - JBANKEBS.: The Vatioasl Bank of New Zealand. SOIICITOB8: Messrs Whitakerj Russell,-and Buddie. ;,- v. Bboxbbb: •■ Auckland.Brokers* Association. SbCBBTABX KBO IBM: John Milne, Esq. OFFICES OF THE COMPANY: COLONIAL BANK BUILDINGB, 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 hour* byj coach road, or twenty-four miles by water, from this 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 tbe'oiandi 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.' Sea* bathing, river bathing, and boating on the river which rune tbrough the-, property, are among the many attractions of this unique estate. The climate is so raild 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 yean ago. Having brought it into a paying condition, he wishes to retire and leave to ethers the further great improvement of which the Waiwera property is how capable. The rroperty handed over to the Company will consist of the Hot; Springs (which nave yielded an inexhaustible supply of mineral water from tims immemorial); the Hotel which is doing a large and profitable business, and capable of accommodating from 90 to 100 per* 90ns comfortably ;■ the whole of the Harbour frontage; and 728 acres more or less 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, Cot* tages, Land, ard 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 folly paid up shares for the balance 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 id the formation of the Company will also be paid by Mr Graham. The Hotel business yielded last year a net profit of £1,622, to which sum it has steadily grown from < the small beginnings. of eight yean ago, when accommodation for visitors wns 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'lslands. The profits of the year may then be confidently estimated at from £2000 to £3000, with a proportionate increase in the yean to follow. From the land alone a large revenue must ultimately be secured, and in the meantime the current and increasing business is a sufficient guarantee for handsome dividends to the shareholders. <..'}'■■!.■•'-■" A meetiog of the subscribers will be convened for the Election of Directors, Ac. (who will be duly appointed according to the number 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 20lh day of July, 18S2. ' • ■ ■■', BE HOT SPBINGS HOTEL BUSINESS ACCOUNT. 321, New Zealand-Insurance Buildings, Auckland, 16th May, 1882. Kobbbt Gbaham, Esq., Sir, —Having completed the audit of your Manager's books and accounts for the year ending 13th May, 1882,1 have bow the pleasure of handing you the accompanying documents, viz.: Profit and Loss Account, Receipts and Expenditure Account, and (be Balancing. Account on 13th May, 1882. Reference to the Profit and, Lois Account shows that the business done during the twelve months amounted to £5,159, yielding a profit of £1,622. 'lhe figures for tha year ending May 13th,' 1881, were—Business ' done, £4,545. and profit, £1,291. The business done in the year ending 13th May, 1882, bag 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 last