Page 3 Advertisements Column 4

Thames Star, Volume XIV, Issue 4662, 13 December 1883, Page 3

I Prospectus i [HEAD OFFICE AND FACrOEY, AtJCK&AHD] PR OS P £ 0 T U S OF THE NEW ZEALAND TOBACCO GROWING and MANUFACTURING - COMPANY (Limited). Begistered under " The Joint Stock Companie,' Act, 1882." CAPITAL ... ... £20,000 In 4000 Shares of £5 Each, Fajable as fellows: 5a per Share on Application, 5a per Share on Allotment, and the balance as may be required in surne not exceeding 10s per Share at intervals of not les3 tban Three Months. , Provisional Directors: Johk Baixafce, Esq , Wanganui Majob Q-fobGE, Gentleman, Auckland Se-emoue Thoenb 0-iobge, Esq., M.H.R., Auckland Aethttb Heathek, Esq , Merchant, Auckland Hon. K. Mitcheison, M.H.8., Auckland ] D. H. McKbuzib, Efq., Merchant, Auckland I Fbasz Schebff, Eeq , Merchant, Auckland C. B. Stonp, Keg , Merohant, Auckland W. S. WiisON, Esq., Journalist, Auckland J W. B. Waddei, Esq., Mayor-elec^ Auckland Bankerß: Bamk op New Zealand, i Solicitors: Whitakeh, Kueseli-, and Boddi/e. Brokers : Beokees' Association. Secretary Pro. Tern.: JPbedk. Ktjtxeb. This Company is being formed for (he purpose of encouraging the Growth of, and for Manufectuiing,Tob&ci;o in the Colony of New' Zealand. Various eiperimenh 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 most 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. 11 The most important agricultural industry whih has been brought under the notice of the Commission is undoubtedly the cultivation of Tobacco for manufacturing purposes. The evidence established (he fact that any quantity of Tobacco, equal in quality to the finest, American, can be grown in New Zealand, and that there is no reason why the whole of the Tobacco consumed in the Colony should not ultimately be produced and manufactured in it. This industry would afford profitable employment to co tage farmers, aleo to women and children who would be engaged in manufacturing, and would utilise large tracts of land, which at present are ei'her waste or yielding but little, &o. " The Commission are assured that after fire or bis years' cultivation and manufacture, Tobacco could be produced in New Zealand, equal in quantity to eny that is now imported, and that the industry once established, Ibe game amount of revenue that is now 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 Com mission, laid before the House of Bepresentaties on the sth of September, 1881, on the culture and manufacture of Tobacco was as follows:— j "That in order to encourage the growth and manufacture of Tobacco in New Zialand, I 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." I In accordance with such recommendation, the following section was inserted into an Act of the year 1881, entitled "An Act to Alter the Duti€s of Customs and Excise " :— " In lieu of the bonus specified in section 12 of the '.Tobacco Act, 1879,' the following provisions shall take effect on and after the passing of this Act, namely :—The duty on Tobacco manufactured in the Colony ehall be One Shilling per Pound, and this rate of duty shall ; remaiu in force until the 31st day of December, 1886."

Jhe present duty on imported Tobacco is Three Sbillir.gs and Sixpence per lb., and on Cigars, Six Shillings It ia 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 rontracts for the growth of Tobacco at prices vaiying from fivepencelo tenpence per pound for all sound leaf aceording'to quality. The Custom returns for the year 1882'ihow that duty waa paid in New Zealand, during that year, on 1,080,5751b5. of tobacco, and 88,972b?. of Cigars, or 456 and two third tons of Tobacco, and 39 and two third lons of Cigars ; while the Victorian returns for 1881 show that the quantity of manufac ured Tobacco imported into that colony during the year was 1,309,5391b5., and of unmanufactured leaf, 369,6571b?. The market for Tobacc> outside the Colonies is almost unlimited, and no difficulty will be found in advantogeously disposing of any surplus amount that may bo grown over and above what will be required for local consumption. * Several manufactories of Tobacco and Cigars have been established in the Colonies of Victoria and New South Wale 3, but up to the present time no manufactory has been established in New Zealand, and the Company will not have the disadvantage of coinpe ing with others. The Company will ba able (o sell Tobacco i and Cigars at a .highly remunerative prico lo themselves for much less than even the present duty on imported Tobacco, co that tiie j immense advantage of the development of this ; induatry to the public who are smokers cannot be too highly rated. > The total number of farmers now contract* ing ib sixty-nine, while the acreage under cultivation exceeds six hundred. It ia intended that the Company shall teke over the contracts which have been mede 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 promote™ 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 formers 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 shoiud recommend itself strongly to all New Zaaland furinere, merchants, and others interested in the advance and prosperity of the Colony. Apart from the consideration of actual profit to those coHCsrned 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 arliple. Forms of Application for Shares may be obtained at the offices of Messbs Ebbdk. Nuxieb & Sow, New Zealand Insurance Building?. " A dbbb embrowned tint whish tells he nature of fch« Uftt MoOo^Ajr lell^tt 8* pound ;■'•■ . ■ -■" ■ . „.';..'.:_ ":'.' """~ ' -