Page 3 Advertisements Column 5

Thames Star, Volume XIV, Issue 4658, 8 December 1883, Page 3

, Prospectus^ [HEAD OFFICE AND FACTOBY, AUCKLAND] PR OS P E C T U S OF THE . NEW ZEALAND TOBACCO GROWING and MANUFACTURING i COMPANY (Limited). Registerad under " The Joint Stock Companies' Act, 1883." CAPITAL ... £20,000 In 4000 Shares of £5 Each, Payable as follows: 5s per Share on Application, 5s per Share on Allotment, and the balance as may be required in sums not excesding 10s per Share at intervals of not less than Three Months. Provisional Directors: Johk Baxiajce, Esq., Wanganui Major G-eob&e, Gentlen-an, Auckland Sbsmotjr Thobnb G-eoege, Eeq., M.H.E., Auckland ■ . AElflira Heather, Esq., Merchant, Aucfc'and Hon. If. Mitchelson, H.H.E., Auckland 1). H. MoKenztb, Esq., Merchant, Auckland Fbabz Schehpf, Esq , Merchant, Auckland C. B. Stohk, Esq., Merchant, Auckland W. S. WixsON, Esq., Journalist, Auckland W. E. W/DDEi., Esq., Mayor-elecf, Auckland « B inkers: \ Bask op New Zealand, l Solicitors: WHIT. KGB, KTJSSEI-T, AND BtDDLE. Brokers i BroKErs' Association. Secretary Pro. Tern.: : FfIEDK. KUTIT?. This Company ia being formed for the purpose of encouiaging the Growth of, and for j Manufacturing, Toberco in the Colony of New Zealand Various experiments have proved that the climate of New Zealand is peculiarly adapted (o the growth of Tobcjco, and that in the Auckland Provincial District the best Havana leaf can be grown, and all that ia requir d to start a moat important and remunerative local industry is a sufficient amount of capital. The Colonial Industries Commission made the following report on the 12th day of March 1880 :— AGRICULTURAL PRODUCTS.—TOBACCO. j 11 The most important agricultural industry ! whih hss bi en brought under the notice of the Commission is undoubtedly the cultivation of Tobacco for manufacturing purposes. The evidence established the fact that any quantity of Toba'co, equal in quality to the finest American, can be grown in Now Zsaland, and that there is no reason why the whole of the Tobacco consumed in tbe Colony should not ultimately be produc d and manufactured in it. This industry would afford profitable employment to co' tage farmers, also to women and children who would be engaged in. manufacturing, and would utilise large tracts of land, which at present are either waste or yielding but little, &c\ " The Commission ore r'Bured that after five or six yeav/ cultivation and manufacture, Tobacco cou'd be produced ia New ZeJi.ad, equal in quantity to F/ny that is now imported, and that tbe industry once established, tbe same amount of revenue that is now raised by the Customs duty on imported Tobacco could be raia <-\ by means of stamp? on the locally* produced Tobacco." Tbe final report of the Colonial Industries and Tariff Coainrjsiop, laid before the House of Reprrsentatjt r on the sth of September, 1831, on the culture and manufacture of Tobacco was n follows :— "That in order to encourage the growth and manufacture of Tobacco in New Zsaland, your Committee recommend thp.t the duty on Tobacco grown wi.hin the colony should be rrduced to One Shilling per lb. fora period of no less than five yeare." In accoi'dance with such recommendation, the following section wa3 inserted into an Act of the year 1881, entitled "An Act to Alter the Dntic9 of Customs and Excise": — " In lieu of the bonus specified in section 12 of |he ' Tobacco Act, 1879,' the foliowiog provisions shall take efi'ect on and after the passing of this Act, namely:—The duty on Tobacco manufactured in the Colony shall ba Ons Shilling.per Pound, and this rafe of duty shall rema'u in force until tbe 31st day of December, 188 G." The present duty on imported Tobacco is Thrco Shillings and Sixpence per lb., and on Cigars, Six Shillings. It is estimated that about Two Tons of Tobacco can be obtained from three acres of good land, and numbers of farmers have expressed their willingness to enter into con* tracts for the growth of Tobacco at prices varying from fivepence to teDpence per pound for all sound leaf according to quality. The Custom returns for the year 1882 show that duty was paid in New Zealand, during that year, on 1,080,5751b3. of tobacco, and 88,9721b?. of Cigars, or 486 and two third tons of Tobacco, and 39 and two third tons of Cigars ; while the Tictorian returns for 1881 show that the quantity of manufactured Tobacco imported into that colony during the year was 1,309,5391b9., and of unmannfac tured leaf, 369,6571b?. The market for Tobacc > outside the Colonies is almost unllmi'ed, and no difficulty will be found in advantageously disposing of any surplus amount that may be grown over and above wbatwill be required'or local consumption. -•■■: ■ ;. ;- ". •• .■-'■■ "..■.■:: . : ■..■ Several manufactories of Tobacco and Cigars have be?n established in the Colonies of Victoria and New -South WaleJ, but up to the present time no manufactory has been established in New Zealand, and the Company will n,t have the disadvantage of compeing with others. The Company will b3 able to sell Tobacco and Cigars at a highly remunerative price to themselves for much less than even the pre« sent duty on imported Tobacco, so that the immense advantage of the development of this industry to the public who are smokers cannot be too highly rated. The total number of farmers now contracting is sixty-nine, while the acreaee under cultivation exceeds six hundred. Ifc is intended that the Company shall take over: the contracts which have been made in anticipation of the formation of the Company. Tbo Company is offering prices of from fivepence to eightpence per lb. for the large varieties; up to tenpeoce for Havana, raw leaf; . y , ; ;'■ The promoters beg to call the attention of intending investors to the fact, that they have no intention of buying land, or otherwise expending money, except in furnishing farmers with the necessary quantities of superior seed?, and otherwise putting them in the way of* harvesting and drying the leaf. The Company are prepared to become. purchasers of their crops at a price remunerative both, to the growers and to the Company as manufacturers. ■ The present enterprise should recommend itself strongly to all New Zealand farmers/ merchants, and otters interesttd in. the ad* : vance and prosperity ofth c Colony, Apart from the consideration of actual profit to those concerned in the undertaking, great good must indisputably accrue to the Colony by the introduction of an industry which will tend to keep in this country the large amount of; money which is annually sent abroad for the purchase of the imported article. Forms of Application for Shares may be obtained at the offices of ; Messes Fbede. Ntttisb & Son, . .; New Zealand Insurance Buildingf., ;? » A dbbp eaaVrowned tint, which tells the nature of th« Vail MpaoifAir tel»" «* *• powtd ;:/ :"'..---': -;' .;- •'■ "-'''■''': ': ;-".'.':