Page 1 Advertisements Column 1

Thames Star, Volume XIII, Issue 4236, 29 July 1882, Page 1 (Supplement)

frospectus Ui o - pbospectM ~~ OF THE - *%4 i ( WAI WEE A HOT SPIiINGS COMPAI^ Limited). Capital, £30,000; ia £30,000 Shares of £1 caeL. 11.500 fully paid-up shares will be issued to Mr Graham, as part payment for the property. The capital on t lie remaining Bhareu will bo payable as follows :—sa per thare on application ; 5s per share on ullo'tnenf, and the balance in calls not ex^re<lin» 5i per share, ufc intervale of not less t.hnn iltrec months. Fir.vision--l Dinvcroi.s: W. Aitken, Esq. P. G. E\vin<jton, Esq. D. B. Cruickshauk, Esq. Jas. Robertson, Esq. Thos. Morrin, Esq. A. Brock, Esq. R. C. Barstmv, Esq> P. Earl, Esq. . Thos. Buddie, Esq- Gowge Fraser, Esq. r 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. 11. Hunter, Esq. H. F. Anderson, Esq. Wm. McCullough, Esq. E. C. Greenwood, Esq. Geo. McNab, Esq. Jos. Bennett, Esq. Rich. J. Gill, Esq. Jas. Black, Esq. . John Milue, Esq. Jno. Anderson, Esq. Thos. Macffarlane, Esq. •T. Henderson, Esq, M.L.C. M. Mxirchie, 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. P. J. Somerfield, Esq. Dr Goldsboro' James Stewart, Esq-.C-E^ Dr J. M. Moore H. J. Wickens, Esq. Dr Honeyman Rich. Kcals, Esq. Dr Stockwell G. Holdship, Esq. B. Ireland, Esq. J. Waymouth, Esq. R. J. O'Sullivan, Esq. Georga Harper, Esq. Wm. Waters, Esq. R. M. Stark, Esq. J. L. Hatswcll, Esq. Charles Ring, Esq. Jno. Endean, Esq. Jas. B. Graham, Esq. • Edwin Heskcth, 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. Gome, Esq. Wm. Percival, Esq. BANKEE3 : The Natfonsl Bank of ~Ntw Zealand. Solicitors: Messrs Whitaktr* Kmsell, and Buddie. Beokehs: Auckland Brokers' Association. SfiCEETAET PEO 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 timeß 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, as 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 runs through the property, are among the many attractions of this unique estate. Ihe 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 (whioh have yielded an inexhauatible supply of mineral water from tim^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 adjaoent country. The latter is admirably adapted for a Township, Villa Residences, and small Farms. It will become 1 very valuable when a proper wharf is built by the Government, whioh, 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 ba 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. Oue-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 io 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 enlurging 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 increase in the years to follow. From the land alone a large revonue must ultimately be secured, and in, the meantime the current and increasing business is a sufficient guara.ntaa for handsome dividends to the shareholders.

A meeting of the subscribers will be convened for the Election of Directors, &o. (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 Gom-W-Colonial Bank Buildings, Qiieen-street, till 20lh day of July, 1882.

ZE HOT SPEINGS HOTEL BUSINESS ACCOUNT. 321, New Zealand Insurance Buildings, Auckland, 16fch May, 1882. KOBBBX GteAHAM, Esq,, Sir, —HaTing oompleted the audit of your Manager's books and accounts for the year ending 18th May, 1882,1 have how 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. The figures for the year ending May 13bh, 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 companion shows that the business done- was thirteen and a-half pefj cent, more than last