Page 3 Advertisements Column 2

Thames Star, Volume XIV, Issue 4660, 11 December 1883, Page 3

Prospectus [HEAD OFFICE AND FACTOKT, AUCKLAND] PE O S P• B 0 T U S OF THE NEW ZEALAND TOBACCO GROWING and MANUFACTURING COMPANY (Limited). Registered under "The Joint Stock Companies' Act. 1883." CAPITAL £20,000 In 4000 Shares of £5 Each, Payable ac follows: 5* per Share on Application, 5s per Share on Allotment, and the balance &s may be required in sums not exceeding 10s per Share at intervals of not less than Three Months. Provisional Directors: Johst Baixa>ce, Eeq , Wanganui MiJOH Q-EOEGE, G-entlervan, Auckland Sbsmotte Thoknb G-tobge, Esq., M.H.E., Auckland Abthitb Eeaqhee, Esq , Merchant, Auckland Hon. K. Mitchelsok, M.H.R., Auckland D. H. McKbfzib, EEq., Merchant, Auckland Fbanz ?cheepf, Esq , Merchant, Auckland C. B. Stohe, Kgq., Merchant, Auckland W. S. WixsON, Esq., Journalist, Auckland W. B. Waddei., Esq., Mayor-elect, Auckland Bankers: . j . ; Bask of Nfiw Zealand. Solicitors: WhITAKEB, BtTSSEZIr, AND BcDDLE. Brokers: Bbokebs' Aesociation. Secretary Pro. Ton.: Pbedk. Ntjtxeb. This Company is being formed for the purpose of encouraging the Growth of, and for Manufacturing, Tobacco in the Colony of New Zealand. Various experiments have proved that the climate of New Zealand is peculiarly adapted (o the growth of Tobacco, and that in the Auckland Provincial District the best Havana leaf can be grown, and all that is requir.d to start a moßt 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. " The moßt important agricultural industry «bib. has been 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 Tobacco, equal in quality to the finest American, can be grown in New Zealand, and that tbere is no reason why the whole of the Tobacco consumed in the Colony Bhould not ultimately be produced 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, &o. " Tbe Commission are assured that after five or six years' cultivation and manufacture, Tobacco could be produced in New Zealand, equal in quantity to any that is now imported, and that the industry once established, the came amount of revenue that is sow raised by the Customs duty on imported Tobacco could be raised by means of stamps on the locally* produced Tobacco." The final report of the Colonial Industries and Tariff Commission, laid before the House of Bepresentaties on the sth of September, 1881, on the culture and manufacture of Tobacco was as follows:— "That in order to encourage the growth and manufacture of Tobacco in New Zealand, your Committee recommend that the duty on Tobacco grown within the colony should be reduced to One Shilling per lb. for a period of no less than five yeare." In accordance with such recommendation, the following section was inserted into an Act of the year 1881, entitled "An Act to Alter the Dutieß of Customs and Excise ":— " In lieu of tbe bonus specified in section 12 of the ' Tobacco Act, 1879/ the following provisions shall take effect on and after the passing of thie. Act, namely :—The duty on Tobacco : manufactured in the Colony shall be One Shilling per Pound, and this rate of duty shall remaio in force until the 3lßt day of December, 1886." The present duty on imported Tobacco is Three 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 contracts for the growth of Tobacco at prices varying from fivopenco to ten pence per pound for all sound leaf according to quality. The Custom returns for the year 1882 chow that duty was paid in New Zealand, during that year, on J,680,5751b5. of tobacco, and 88,9721b3. of Cigarß, or 486 and two third tons of Tobacco, and 39 and two third tons of Cigars ; while the Victorian returns for 1881 show that the quantity of manufactured Tobacco imported into that colony during the year was 1,309,5391b5., and of unmanufactured leaf, 369,6571 be. The market for Tobaccj outside the Colo- I Bies is almost unlimited, and no difficulty will be found in advantageously disposing of any 'surplus amount that may be grown over and' above what will be required for local consump* tion. Several manufactories of Tobacco and Cigarß have been established in the Colonies of Victoria and New South Wales, but up to the present time no manufactory has been established in New Zealand, and the Company will not have the disadvantage of competing with others. The Company will be able to sell Tobacco and Cigars at a highly remunerative price to themselves for much less than even the present 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 acreage under cultivation exceeds six hundred. It is intended that the Company shall take over the contracts which have been made in anticipation of the formation of the Company. The Company is offering prices, of from fivepence to eightpence per lb. for the large varieties; up to tenpence for Havana raw leaf.

The promoters beg to call the attention of intending inveators to the fact that they hare no intention of buying land, or otherwise expending money, except in furnishing farmers with the necessary quantities of superior, seeds, 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 others interested in the adTance and prosperity of the 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 whioh is annually sent abroad for the purchase of the imported article. .'•-. Forms of Application for Shares may be obtained at the offices of Mebsbs Fbebk. Ntttteb & Sox, New Zealand Insurance Buildinge. The best test ot the interest of a book is its capability of being read ,• Moond time ditto