Page 4 Advertisements Column 2

Thames Star, Volume XIV, Issue 4664, 15 December 1883, Page 4

Prospectus [head office and factory, aucklakd] P : R O S P ECTUS or the NEW ZEALAND TOBACCO GROWING and MANUFACTURING COMPANY (Limited). . Registered under " The Joint Stock Companies' Act, 1882." 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 exceeding 10a per Share at ■ intervals of not lees than Three Months. Provisional Directors:' - John Ballaecb, Esq., Wanganui Major Geobg-e, Gentleman, Auckland Sbimotjb Thobne GijObgb, Esq., M.H.8., Auckland Abthtjb HEAaHEB, Esq.., Merchant, Auckland Hon. ji. Miichelson, M.H.8., A ackland i). H. McKeszih, Esq., Merchant, Auckland Fbakz Schebff, Esq., Merchant, Auckland O. B. Stonb, Heq., Merchant, Auckland W. 8. Wiison, Esq., Journalist, Auckland W. B. Waddel, Esq., Mayor-elect, Auckland Bankers: Babe of New Zealand. Solicitors: , . WBITAKEE, RUfiSELL, AND BUDDIE. Brokers : Bbokebs'Association. Secretary Pro.' Term: Fbedk. Nuttee. 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 to the growth of Tobacco, and that in the Auckland Provincial District the best Havana leaf can be grown, and all that is requird to start a most important and remunerative local industry is a sufficient amount of capital. The Colonial Industries Commission made the following report oa the 12th day of March 1880:— . 5 : \ AGRICULTURAL PBODUCT3.—TOBACCO. " 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 the 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, also to women and children Who would be engaged in manufacturing, and would utilise large tracts of land, which at present are cither waste or yielding but little, &P. " The Commission are assured that after five or six years' cultivation and manufacture, Tobacco could be produced ia New Zealand, equal in quantity to any that is now imported, and that the industry once established, tbe same amount of revenue that is now raised by the Customß duty on imported Tobacco could be raised by means of stamps on the locally* produced Tobacco." Tbe final report of the Colonial Industries and Tariff Commission, laid before the House of Representaties on the sth of September, ISSI, on tbe culture and manufacture of ' Tobacco was as follows:— "That in order to encourage the growth a»d 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 Duties 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 shall be One Shilling per Pound, and this rate of duty shall remaiu in force until the 31st day of December, 1886." The present duty on imported Tobacco is Three Shillings and Sixpence per lb., and onCigars, Six Shillings. . :l; 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 con* i tracts for the growth of Tobacco at prices varying from fivepence to tenpence per pound for all.sound leaf according to quality. The Custom returns for the year 1882 thow that duty wae) paid in New Zealand, during that year, on 1,Q80,5751b8. of tobacco, and 88,9721b3. of Cigars, 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. 1,309,5391ba., and of unmanufactured leaf, 3fi9,6571be. The market for Tobacco outside the Colonies is almost unlimiledy 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 consumption. Several manufactories of Tobacco and Cigars 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 nut have.the disadvantage of competing with others. The Company will ba 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 tenperjce for Havana raw leaf. The promoters beg to call the attention of intending investors to the faot that they have 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 manu•facturers. The present enterprise should,jrecommend' 1 itself strongly to all Nefw Zealand farmers, merchants, and others interested in the advance and prosperity of the Colony. Apart from the - consideration of actual profit to those concerned in the undertaking, great good mußt 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 ' Messbb Fbedk..Nutteb & Son, New Zealand Insurance Buildings. / T ROCHES' and Bakers' Bags and Wrap \X ping Papers printed cheap tatee a fa Btbhiho yx*M Office, ' .