Page 4 Advertisements Column 2

Thames Star, Volume XIII, Issue 4226, 18 July 1882, Page 4

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«•..'• PBOSPECTUS - — ' " OF THE WAIW.ERA HOT BPBINGS COMPANY (Limited). Capitai, £30,000; in £30,000 Shares of £1 each. 11,500 fully paid-up shares will he issued to Mr Graham, as pnrt pajment for the property. The capital on t.'ie remaining shares will be payable as follows s—ss per share on application ; 5s per frhure on allotment, and the balance in calls not exceeding 5s per share, at intervals of rot less than three months.

Peotisionai. Dieectohs:

W. Aitken, Esq. F. G. Ewington, Esq. I>. B. Cruickshank, Esq. Jas. Eobertson, Esq. •jhos. Morrin, Esq. A. Brock, Esq. r. C. Barstow,'Esq» F. Earl, Esq. Hjhos. Buddie, Esq. Goorgre Fraser, Esq. Dr Haines Jno. Kirkwood, Esq. Jos. Banks, Esq. E. Ludlow, Esq. Hy. Brett, Esq. Jackson Palmer, Esq. Jno. Fisher, Esq. C. T. Wren, Esq. Jas. Wallace, Esq. „ T. H. Hunter, Esq. H. F. Anderson, Esq. Win. McCullough, Esq. B. C. Greenwood, Esq. Geo. McNab, Esq. . Jos. Bennett, Esq. Rich. J. Gill, Esq. I 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 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 Honeyuiau Rich. Heals, 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. 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, Ebq. Wm. Percival, Esq. . JBaKEEBS: . The Natioasl Bank of New Zealand. : SOLICITOBS: Metsrs Whitaker, Bucsel!, and Buddie. ■ Bk'okebs : Auckland Brokers'.Association. SXCBETABT PEO TE3T: John Milne, Esq. OFFICES OF THE COMPANY: COLO-

NIAL BANK BUILDINGS, QUEEN • STREET] AUCKLAND. v

The Company ie 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 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 Harbour being, within the Hauraki Gulf, offers » 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 so widely known that comment is unnecessary. Sea* bathing, river bathing, and boating on the river whichrunsthroughthe proporry, 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 rroperty handed over to the Company will consist of the Hot Springs (which have yielded an inexhaustible supply of mineral water from tima immemorial) j the Hotel which is doing a large and profitable business, and capable of accommodating from 90 to i'bl) per■ons 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 sraull 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 Gruharn,, from Mr Anderson, at a rental of £50 per annum, for JO years, with a right to purchase for .£IOOO. This lease will also ba banded over to the Company. The property, with Furniture, Plant, Live Stock, etc., Baihs, Uath-houaes, Hotel, Cottages, Land, ard the Lease above mentioned, will be sold by Mr Graham to the Company for £23,000. Mr Graham only requires onehalf of tbia 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 als;> 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 other improvements, in order lo kepp pace with the growing demand and great increase of visitors from the South of New Zealand, and fro.n 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 increase in the years 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 meeting of the subscribers will be convened for the Election of Directors, &c. (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, Queon-itreet, till 20l h day of July, 1882. BE HOT SPRINGS HOTEL BUSINESS . ACCOUNT. 321, New Zealand'lnsurance Building*, Auckland, 36th May, 1882. Robebt Gbaham, Esq., Sir, —Having completed the audit of your Manager's books and accounts fur the year ending 13;h May, 1882,1 have now the pleasure of banding you the accompanying documents, viz.: Profit and Lass Account, Receipts and Expenditure Account, and the Balancing , Account on 13tb May, 1882. Reference to the Profit and Loss Account shows that the business done during the twelvemonths amounted to £5,159, yielding a profit of £1,622.

The figures for the year ending May 13th, 1881, wete —Business done, £4,545, and profit, £1,291. ,The business done in the year ending 13th May, 1882, has therefore been £611 and the profit £331 more than during the previous year. A per-centage comparison shows (hat the business done was thirteen and a«half per rent, more than last