Page 3 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 4001, 31 December 1891, Page 3

•■■:'- ~ Hurdle Handicap. : Jacob Hat, Lone Hand and General Gordon 9st 12U), Torohunga 9st. • - Hakdicap Hack Hubdlss. * Timothy list 131b,Kaikal0st 121b, Oddfellow 9st 71b, Jack, Mako Mako, Eesoiit and Debut 9st. Flying Handicap. 7st 101b, Bwordbelt Tat ,91b, Reroimion 7st 71b, Royal Oak 6st 101b, Once Again ftit 71b. Hack Handicap. CVarina and Cyras, 9st; Earamvi, Bst Sib; Waibora, 7at 101b; Donovan 7at 71b ; Patch, Nina, and Venosta, ■7Bt 41b; Nelson, 7at 81b ; Vilna, 7st 21b; Ida, Kiaoratatu, Jack, 7st; Jenny Lind, 6at 71b. Wairabapa Cup. Comet and Rebellion, Bst lOib; Mahara, Bstßlb;Tuhitaratß f 7st 111b ; Swordbelt, -7st 81b. Hack Handicap. Deception, 9at; Cyrus, Bst 51b; Mako,' Mako, 7st 10lb ; Donovan, 7st 81b j Burnside, 7st 51b ; Aucinson and —■ T_i. jiu . xi:__ «„J \r „ mona 6st 101b, _ - 6st 71b. Handicap. Eros and General Gordon, Bst 121 h ; Revolution and Once Again, Bst 71b; Little Scrub, 9st 10lb. ABRIDGED PROSPECTUS OF THE" T>ALMJSRSTON NORTH GAS OOMr PANY, LIMITED. To beregisteredunder "The Companies' Act, 1882." The liability of the Shareholders will be limited to the amount of Shares subscribed for. Capitai ... ... £30,000 In 6,000 ehurea ot £5 each. Payable as follows :—2s 6d per Share on application, 2s 6d per Share on allotment, and the balance in calls of 2s 6d per' Share at intervals ot not - less thau one month It is not intended to call up m ore thau £2 108 per share. Seven per cent, interest will be silowed on all calls paid in advanoe. PROVISION A.L DIRECTOR**--A.\f. Brown, Esq. D. Jones, Esq* Dr Collins* E. VV. Mills, Esq AH N Campbell, Esq Hod .R. Fharazyn' DrFell* . J. Reid, Esq* ' L. L. Harris, Esq P. W. Telford, EBq* H W Haybittle, Esq H. B. Vogel, T. Eyton, Esq,* Palmerston North. 'Will join the Board after allotment. " ■ ■ * BANKERS : f New Zealand (Ltd Gully and Izard. BROKEkS: Harooort and Co., Wellington Tickers and Hull, Auckland Ackland and Dudley, Christchurcb James Henderson. Ghristchurch E. R. Smith, Dunedin The Company is promoted for th< purpose of acquiring from the prese owners the newly erected Gasworks Palmerston North, and of carrying < -the business of gas manufacturing in i its branches in the ordinary mode Gas Companies, and for other purpos stated in the Memorandum of Asaoci tioa. The works were erected by Mess John Coatesand Co., (-fas Engineers a contractors of large experience, under contract with the Palmerston Noi Borough Council, and were punhai from them by the present owners, Mes Coates and Co. retaining an Interest The lease of the site of the works i the concessions embodied in the conti for erection (copies of which can be sj ac the offices of Messrs Harcourt and i and also of the various other brokerj the intended company throughout-' , are now vested in equity i>- th im assigned to the Company by tl>e Ne Zealand attorney of Messrs Cortes af! Co., and the attentiou of applicants for shares is particularly directed to the provisions of these documents; which " '""* - Jers themselves.K>ok upon as to fail; on the other hand, all have paid good dividends when even only fairly' managed. j Palmerston North i 3 well known to be a I most progressive town, and must eventually contain a large population. It is the centfWof an extensive area of rich agricultuflu and pastoral country. In no part of the Colony is settlement more I rapidly proceeding than in the surrounding district, and the recent completion of the Gorge Line connecting the Wellington and Manawatu Railway and the Wanganui-New Plymouth Railway with the Napier Line, must make th» town a large and busy railway and commercial centre. The recent census returns show that Palmerston North has made the enormous increase of 65£ per cent in its population since the census of 1886. Wellington showing an inoreaae of 5076, the largest numerically in the Colony, but giving a percentage of only 19J increase as compared with 1886. As investment**, Gas Companies have been amor gat the surest and must profitable iff the colonies. In Australia and Tasmania the average dividend paid by Gas Companies, and the premiums upon the paid up value of the shares are as follows :—Dividends, £l3 15s ; Premiums on Shares exceed 77 per cent. The streets in the Borough of Palmerston Ncgth are now lighted with gas, as .alio are all the principal buildings and feces of business, and the customers of tie Company are monthly increasing mtttM beyond anything that wee anticipated. The returns furnished by the of the works are over 227 per cent in excess of what they were for the same period in 1889. from the large extensions of mains and other works during last year, it is not anticipated that any fnrthar outlay will be necessary in the same direction for some time to come. But extensions ™se proportionately equal the cost £jsent installation, as mucb. work has i done applicable to extended works, Vendors offer their interest in the lease, plant, and all concessions for the sum of £15,000. In New Zealand, as in Australia, Gas Companies have proved exceptionally sound investments, and no class of shares command generally such high premiums and pay such steady dividends asttkydo. dm Shares i« New Zealand stand at _„r«.i:i ,: -I • , tal draver 47£ per cent, and have thus proved themselves as a class unsurpassed in popular favour with investors. The average dividends paid by these Companies in 1890 equalled £lolssod per cent, and it must not be over-looked that owing to the strike and the consequent high price ot coals, &•■, this year was an exceptionally-trying one for all Gas Companies. ' - |n addit}on"to paying these large dividendsY bonuses nave been paid, and extensive reserve funds formed. There is every reason to anticipate a similar success for the Palmerston North tiff works, which are now in first class forking order, and have giyen most . satisfactory results.' ' , ~ Specie! attention of intending investors is'called to the fact that a!}' expenses ol brokerage, advertising and other expenses of floating the Company will be borne by the vendors; the Company will not therefore be saddled with any prelumnary expenses. Applications for shares must be made to the Brokers, or to the Colonial Bans -*w«» Zealand and its agents thjoughout New Zealand. '•"' • The share list will close on the 31si Jannaryi 1892: v- HABCOJJRT & CO., Brokers. JO foT. E COLTMAN, Willi _ Street, Wellington, for yoi Jewellery, Watches* au d Clocks. - *