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WAIIURAFA NORTH COUNTY. PUBLIC toridcrs will oloae at' noon .. ; onTHUßSUAY,i4th'January,at the County Office, Mastotton, whoro particulars'may bo Been for " •'.' . Contract No. ft, jlfa«fer{on-> W«i« mata Road, Rqmn to Ttnui I ■, ■ : Bridge. ( ■ ■'■• F. G. MOORE,'■■:'■; V. ; 'I . ~';. Clerk ' . Maeterton, January 2nd, 1802. ■ •, ~■! &'f¥- : ' •■■.a^^psi,,,,,. , MASTERTON ROAD BOARD. "VTOTICE is horoby given that an Di Election to filla Vacinoy in the Representation of Subdivision No; 1' of tliu Masterton'Road District, caused by the resignation of MrAlexandcr McLood, will.fib hold on SATURDAY, the 16th' of January, 1392. NOMINATION?of Candidates, will be received at the Office of the Board (where forms may bo obtained) at Noon on S,iturday,tlie 9th of January aforesaid. ''■■■'■ -'■•■, P G.MOORE, ■' '■ ; Returning Officer. Mastorton, 31st December, '9l. ' ABRIDGED PROSPECTUS ' 6? THE PAUIERSTON NORTH GAS COMPANY, LIMITED. 'To be registered undor "The Companies' Act, 1882." : The liability of tho Shareholders will bo limited to tho amount of Shares subscribed for.. OiWTAr, ... „;•'... ...... i' 30,000 In-6,000 shares pi i's each.. Payable as follows: —2s Cd por Share on application, 2s 6d por Sharo on ah lotmcnt, niidtho balaiico in calls of 2s 6d per Share at intervals of not less than one.month,, It is not intended to call up more than £2 10s per share. ■■ ' Seven per cent, interest willbo allowed on all calls paid in advance. | PROVISION\L DIRECTORS: A. YY, Brown, Esq T>. .Jones, Esq* Dr Collins* E. W. Mills, Esq AH N Campbell, Esq Hon. R. Pharazyn* Dr Fell* J. Reid, Esq* Ti. L. Harris, Esq P. W. Telford, Esq* llWHaybittlo, Esq H. B, Vogcl, Esq T, Eyton, Esq,* Palmorston North. * Wdl join the Board alter allotment, BANKERS: The.Colonial Bank'of Now Zealand (Ltd) | SOLICITOUS; j ' Messrs BoU, Gully and Izard. BROKEkS: Harcourt and Co., Wellington Viokers and Hull, Auckland Ackland and Dudley, Christohorch Jame3 Henderson, Christchureh E.R, Smith, Dunedin Tho Company is promoted for tho purpose of acquiring from tho present owneis the newly erected Gasworks at Palmerston Northland of carrying on the business of gas manufactitring in all its branches in the ordinary mode of Gas Companieo, and for other purposes stated in tho Memorandum of -Associatio.i. Tho works wore erected by Messis John Coates and Co., Has Engineers and , contractors of large experience, under a contract with tho Palnierston North Borough Council, and wore purchased from them by the present ownors, Messrs Coatca and Co, retaining an interest, The loase of the site of tho works and tho concessions embodied in tho contract for erection (copies of which can he seen at the officos of Messrs Harcourt and Co,, and also of tho various other brokers of the intended company throughout tho Colony), aro now vested in equity in the Promoters, and the legal interest will bo i assigned to the Company by tho New Zealand attorney of Messrs Coatos and Co., and the attention of applicants for shares is particularly directed to tho provisions of these documents, which tho Promotors themselves look upon as eminently favourable. It is almost unknown foragas company to fail j on the other hand, all have paid good dividends when even only fairly managed. ■Palmerston North iswell known to boa most progressive town, and must .eventually contain a largo population,' It is tho centre of an extensive area of rich agricultural/and pastoral country. In no part of the Colony is settlement more rapidly proceeding than in tho surround" ing district, and the recent completion of the Gorge Lino connecting the Wei' lington and Manawatu Railway and tho Wanganui-Now Plymouth Railway with the Napier Line, must make this town a large and busy railway and commercial centre. ' . • ; Tho recent census returns show that Palmerston North lias made the enormous increase of lib\ por cent in its population siiico'the censUß of 1886, Wellington showiiy aninproaseof 5076J' the largest numerically in --the 'Colony, - ' but fiiying a percentage of only 19j increase as compared with 188G, As investment*, Gas Companies haye been amongst tho surest and most profitable in the colonies. In Australia and Tasmania the averago dividend paid by Gas Companies, and the premiums upon the paid up value of the shares areas follows:—Dividonds, 113 15s;, Premiums on Shares exceed 77 per cent. The streets in tho Borough' of Palmer, ston North are now lighted with gas,' as also are all tho principal buildings and places of business, aiid the customers of the Company are monthly increasing much beyond anything that was anticipated. The returns furnished, by the Manager show that for. 1891 the receipts of the works are over 227 per cent in excess of what they were for.the samo period in 1889. ' From the large extensions of mains and other wirks during last year, it is not anticipated that - any furtha outlay will bo necessary in tho same direction for eoirie lime to come, 1 But extensions to tho works, if necessary, would not in . any case proportionately equal the cost of present installation, as much work has been dono applicable to extended works, The Vendors Olfor their interest joJthe ■ lease, plant, and all concessions for the | sum of £15,000, In Now Zealand, ns in Australia, Gas Companies have' proved exceptionally sound investments, and no class of sharoa command generally such high premiums and pay such steady dividends 03 tliey Gas Shares iii New Zealand stand. at an average premium on the paid Up capital of overi47u per cent, atid have thus proved,tbeinselves as a class unsurpassed in pupuhiv favour with investors,, The average dividends paid by these' Companies in. 181)0equalled £lolssod per cent, and it must not be over-looked that owing to the strike and thp consequent pnee ot coals, &c>, this year was an exceptionally trying one for all Gas Oonipauios, In addition to paying these large djviden is, bonuses have been paid, and .extensive reserve funds formed, '' •'' . TJiero is eyery reason to anticipate a similar suwess for tho Pahi]erstpn North 'Gasworks, which arc now in first class' working order, and' havo given most satisfactory results,' _ Special attention of Intending investors iB called to the fact that all expense's of broker>go,-adratising and other expenses of floating the Company will bo homo by the vondors'j the Company will not therefore be saddled with any preliminary expenses.' ' ■-•-', "' Applications for shares niU.it bo. made to tho Brokers, or to Hie Colonial Bank of New Zealand audits.agents throughout Now Zealand. . ;i '■,'■ ■ '■'' The Bharo list will close on the 31at JanuaryV-1892,'--' / \ ■;' j" ' M ' ' HARCOURT & CO., ' '

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WDT18920102.2.18.2

Bibliographic details
Ngā taipitopito pukapuka

Wairarapa Daily Times, Volume XII, Issue 4002, 2 January 1892, Page 3

Word count
Tapeke kupu
1,057

Page 3 Advertisements Column 2 Wairarapa Daily Times, Volume XII, Issue 4002, 2 January 1892, Page 3

Page 3 Advertisements Column 2 Wairarapa Daily Times, Volume XII, Issue 4002, 2 January 1892, Page 3

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