Page 150 Advertisements Column 2

Observer, Volume 6, Issue 141, 26 May 1883, Page 150

T^TATIONAL ' • FIRE V : r/AN^'r^M^S|fe^-: INSURANCE. COMPANY OFVNEW:;>.^ ? '■ ZEALAND. - : •-.• ; . : V. -:;'. /rj. t DIVIDEND WARRANTS for half 4ye&--ons*, : : , ing 31st March, 1883, payable to shareholders on". the Register at that date, CAN NOW BE OBi TAINED at the Company's Branch- Office, $5* Queen-sti-eet. ■ : ' •.: 7 On receipt of instructions from Shareholders ■ residing out of Auckland, Warrants will "be foi'-' warded by post. ' WILLIAM TAIT, , ,/: - Branch Manager; Auckland, May 8, 1883. " . ; • EDWARD y ~X\T A V T B, f ¥ . .. ,;.••. HOUSE, AND ESTATE AaENT, ' \. 177, QrTJEEN-STREET. , : Has several cheap Properties for sale . VILLA RESIDENCES , . BUILDING- SITES . TOWN LEASES , 7 FINE FARMS Has constant demand for small Houses near. City, to Buy or Kent. ■ ' HO R O S P E C TT7 0 OF "MEW rfEALAND TTRON , AND /COMPANY (LIMITED). CAPITAL £200,000,;; 40,000 SHARES OF £5 EACH. . ' - 12,000 SHARES TO BE ALLOTTED. AT : PRESENT, AND THE BALANCE WHEN IT IN FOUND^ - NECESSARY TO ENLARGE THE WORKS. THE SHARES HELD IN RESERVE WILL ' BE ALLOTTED TO THE SHARE- : HOLDERS AT PAR, IN PROPORTION TO THE NUMBER OF SHARES HELD., . ' . Directors : smL Clare, James, McCosh, Auckland** Stone, Captain James, Auckland JfoERiN, Thomas, Auckland ■-, Chambers, John, Auckland Dawson, Willam, Wellington . '• ' ; Holdship, G-eob&e, Auckland Keep, J.H., Auckland G-A3DNEE, G-uy, H., New York. Solicitors : WHTTAKER, RUSSELL, and BUDDLE. . Bankers : . BANK OF NEW ZEALAND., Secretary jjro tern.: \, JAMES MACFARLANE. .; The New Zealand Iron and Steel Company Limited, is organized to manufacture Bar and Pig Ironaud Wire from the iron sand dcx^osits on the West "' " Coast, by means of the patents owned by Messrs John. . ] Chambers and G. H. Gardner. '■ ■■ '■■„.-'* The practicability of these patents having been fully. • 13ro ved by the works at present in operation at One- ■ hunga, there remain but two points to be considered— -. ■ viz., the Cost of manufacturing- and the market forthe -•■'•' product. . ;, -; -■ , It is expected that New Zealand Iron can bo sent to ' England and the United States at very, profitable prices, as the iron made from sand in the United States bythia process is found to be of so superior a quality for making high-priced steel that the whole of it is consumed by that branch of industry, and the price paid would yield us a large profit. India, China, Japan, and San Fran- '■ cisco open fields for exportation, which we may shortly hope to compete for, as our location is most favourable for them as a basis of supplies, and at certain seasons of the year freight can be had at a merely nominal' rate ; and a speedy enlargement of the works, as the requirements of the trade may demand, is provided for in the 28,000 unallotted shares. These shares whenj&llotted, will be offered to the stockholders at par in proportion to the shares held. • . This Company will take over the concessions obtained by Messrs. Chambers and Gardner, consisting of 100S acres of land, and four miles of foreshore on the North.' . Head and two miles of foreshore on tjhe South Head of Manukau Harbour, and three miles of foresfflJre- at Taranaki, which will supply all the ironsand necessary for many years to. come. No other place on the West ' Coast offers such facilities for cheap coal and ready . transportation of the finished product as Onehuriga ;'' "as? from- its location we can ship from either the East or [* West Coasts, and from the North Head the sand can be"^l put inio barges at any state of the tide or weather, without going outside the Heads, and brought to our wharf. : \ These considerations make these concessions particu«. larly valuable, while the lease at Taranaki will be avail* '• able for the manufacture of charcoal iron,' as a good ' quantity of charcoal can be obtained in that district at ti reasonable price. : • , The New Zealand Government has offered a bonus o'£ •- £IOOO for the first 200 tons of wrought iron blooms' aiif»an additional £1000 for the 200 tons of pig-ironmanufdff-tured from ironsand, which this Company will secuajfe The patents owned by Messrs Chambers and GsißvF* are so essential to the manufacture of iron by t.ViaM/P/rt:" '■ process, that it is impossible to manufacture ivomffiiik "■'■ irousand in payable quantities without them, thusTet/ur,- i. ing to the Company a virtual monopoly. . , A -„" . ■■: 9000 shares are at present offered to the nublic \vny-- ' able aa follows :— los on application, iOajpTOf&otmenr*""* and 20s at intervals of 3, 6, and 9 monthifthWomdiuiue ' 203 at an interval of not less thin threfeNSJHi&ths after '•"■'■ the last call; but it is not anticipated. tlfaTit, wilUbeinecessary to call up more than £4 per share, r# -'„'!