Page 4 Advertisements Column 2

Thames Star, Volume XIII, Issue 4228, 20 July 1882, Page 4

Prospectus

PBOSPECTUS • -- OF THEWAIWERA HOT SPRINGS i COMPANY (Limited). Capitai, £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 Me. remaining shares'will ba payable as follows :—ss per share on applit afcion ; 5s per share on allotment, and the balance in calls not exceeding 5a per share, at intervals of not lesß than three months. PROVISIONAL DIEBCTOBS: . W. Aitken, Esq. F. G. Ewington, Esq. D. B. Cruickshank, Esq. Jas. Robertson, Esq. rjhos. Morrin, Esq. A. Brock, Esq. r. C. Baratow, Esq, F. Earl, Esq. ' Hhos. Buddie, Esq. Goorge 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, Efq. Jas. Wallace, Esq. ■ T. H. Hunter, Esq. , H. F. Anderson, Esq. Win. 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 Capt. J. H. R. Harrison W. H. Grace, Esq. (-'apt. Colbeck A. Martin, Esq. W. S. Wilson, Eqfl. 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 7 ' Rich. Keals, Esq. Dr Stockwell G. Holdship, Esq. B. Jrelan<J,.Esq. J. Waymouth, Esq." R. J. O'Sullivan, Esq. Gcorga Harper, Esq. Win. Waters, Esq. R. M. Stark, Esq. J. L. Hatswell, Esq. i 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. i 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. I BANKBB3: The Natiossl Bank of New Zealand. Somcitobs : Messrs Whitaker, Russell, and Buddie. BeokebS: Auckland Brokers' Association. - SICBETAKY PKO TEM : John Milne, Esq. OFFICES OF THE COMPANY: COLO- • . NIAL BANK BUILDINGS, QUJBEN

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 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, aa well as the curative properties of its perennial and abounding thermal mineral springs, are so widely, known that comment is unnecessary. Seabathing, river bathing, and boating on the river which tuns 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 jroperty handed over to the Company will consist of the Hot Springs (which have 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 10 J persons 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^'iGraham, from, Mr Arideraon, at a rental of £50 per annum, for 10 year*, with a right to purchase forJEIOOO. This leaee will also be handed over to the Company.

The property, with Furniture, Plant, Live Stock, etc., Baths, Bath-bouses, Hotel, Cottages, Land,-ar.d 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 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 in the formation of the Company will also be paid by Mr Graham. The Hotel bußineas yielded last year a net profit of; £1,6,22, 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 witl* 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 euffioient 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 takea 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 mombers of the Auckland Brokers' Association, and at the temporary offices of the Company, Colonial Bank Buildings, Queen-street, till 20th day of July, 1882.

BJS HOT SPRINGS HOTEL BUSINESS ACCOUNT. 321, New Zealand Insurance Building*, Auckland, 16th May, 1883, KOBEBT GvBAHAM, Esq., Sir, —Having completed the audit of your Manager's books and accounts for the year ending 13th May, 1882,1 have now the pleasure of handing you the accompanying document*, viz.: Profit and Loss Account, Keceipte 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. The figures for ths year ending May 13th, 1881, were—Business done, £4,545, and profit, £1,291. . The. business done in the year ending 13th May,' 1882, has therefore been £614 and the profit £331 more than during the previous' year. A per-centage comparison Bhows that the business ddne was thirteen and'a>half per cent, more than last