Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume XII, Issue 4005, 6 January 1892, Page 4

ABRIDGED PROSPECTUS dFTIIE PALMERSTON NORTH GAS COMPANY, LIMITED, To bo registered undor "Tho Companies' Act, 1882," The liability of tho Sharoholdots will bo limited to the .alnount of Shares subscribed for, O/riTAt „. ..,' i 30,00() In 6,000 ahnrea ot i's each, Paysblo as follows ;-2s 6d per Share on Application,- 2s Cd per Share on allotment, and tho balanco in culls of 2s 6d por Share at mtervals of not less thati ono month It is not intended to call up more than £2los per share. Seven per cent, interest will bo allowed on all calls paid in advance, PROVISIONAL DIRECTORS: A. W, Brown, Esi] D, Jonea, Esq* Dr Collins* E, W. Mills, Esq AH N Campbell, Esq Hon. U, I'harazyn* Dr Fell* J.Rcid.Esq' i L, L. Harris, Esq P,\V,Tilford, F-'* HWHajbiltle, Ksq H.C.Vo-'' , T.Eytod, Esq,'Palmers' ,ttn. ■ ■ -'Wil' 'oin theßn'- J ■'•' ..ment, .xUSRS: ■,ank of Now Zealand (Ltd) SOLICITORS s Messrs Bc'l, Gully and Izard, BROKEIiS: Harcourtand Co., Wellington.. Viokera and Hull, An kiiiod • Ackland andDudl?y, ('hrip.tchuroh James Bendorson, Chnsichuroh E. R. Smith, Dunedin The Dnmpariy iB promoted for the purpose of acquiring from the ■ present owncis tho newly erected Gasworks at Palmcrston North, and of carrying on the business of gas manufacturing in all its branches in the ordin v., mode of Gaa Companies, and for othor purposes stated in tho Memorandum of Association. Tho works wore erected by Messrs John Coates and Co, Has Engineera and contractors of large experience, under a contract with tho Palmerston North Borough Council, and wore punhrtsed from them by the present ownors, Messrs Coates and Co, retaining an Intorost, The le.w of tho sile of the works and tho concessions embodied in.thocontract for erection (copies of which can be seen at tho offices of Messrs rJarcourt and Co,, and also of tho various other-broken of tho intended company throughout the Colony), aro now vested in equity in the Promoters, and the legal interest will be assigned to the Company by the New Zealand attorney of Messrs Coates and Co., and the attention of applicants for shares is particularly directed to the provisions of these documents, which tho Promoters themselves look upon as eminently favourable. It is almost unknown for a gas company to fail; on the othor hand, all have paid good dividends when even only fairly managed. Palmerston North i 3 woll known to be a moat 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 moro rapidly proceeding than in the surround' ing district, and the recent completion of tho Gorge Line connecting the Wellington and Manawatu Railway and the Wanganui-New Plymouth Railway with the Napier Line, must make this town a large and busy railway and commercial centre. Tho recont census returns show that Palmerston North has mado the enormous increase of 05} per cent in its population ainco the census of ■ 1886, Wellington showing an increase of 5076, the largest numerically in the Culmy. but giving a percentage of only 19| increase as compared with 188G, As investments, Gas Companies hayo been amnr.gst the surest and most profitable in the colonies, In Australia and Tasmania tho averago dividend paid by Gas Companies, and the premiums upon tho paid up value of tho shares are as follows:—Dividends, £l3 15s; Premiums on Shares exceed 77 per oent. Tho streets in the Borough ofPalniorston North are now lighted with g«s, as also are all tho principal buildings and places of business, and the customers of the Company are monthly increasing much beyond anything that vtn anticipated. The returns furnished by the Manager show that for 1891 tho receipts of the works are over 227 per contin excess of what they were for the saino period in 1889. From the largo extensions of mains and other w.*irk« during last year, it is not anticipated that any furtlur outlay will bo necessary in the same direction for some time to come. But extensions to tho works, if necessary, would uot in any chbb proportionately equal the cost of present installation, aB much work hns been dono applicablo to extended works. Tho Vendorß offer their intoreat in tho lease, plant, and all concessions for the sum of £15,000. In New Zealand, as in Australia, Gas Companies have proved excoutionally sound investments, and no class of shaios command generally such high premiums and pay such steady dividends as they do. Gas Shares in Now Zealand stand at an average premium on the paid up capital of over 47J per cent, and have thus proved tbemsolves as a class unsurpassed in popular favour with investors, The avcraga dividends paid by these Companies in 1890 equalled £lolss Od per cont.and it must not be.over-looked that owing to the strike and tho consequent hull price ot coals, Ac, this year was an exceptionally trying one for all Gas Companies. In addition to paying these large dividends, bonuses have been paid, and extensive reserve funds formed. There is oyery reason to anticipate a similar success for the Palmeraton North Gasworks, which aro now in first class working oraer, and havo given mostsatisfactory results, ■ Special attention of intending investors is called to the fact that all expenses of brokerjgo, advertising and other expenses of floating the Company will be homo by the vendors; the Company will not therefore bo saddled with any preliminary expenses. Applications for sharos must be made to the Brokers, or to the Colonial Bank of New Zealand and its agents throughout -New Zealand. The share list will close on the 31st January, 1892. HABCOURT & CO., Brokers, Wellington. FREE TO ALL! TEA SAMPLES. JOHNSON & CO,, Mee's Buildings, Lambton Quay, Wblhnoton, being desirous of pushing the INDIAN TEA pocvliar to their Gardens in " The Dooaes," intend to sell at a'bare profit. JOHNSON & CO. acknowledge that as a rule people can appreciate a good, pal* aiubk and really pure tea, therefore instead of pulling themsolves up and decrying other dealers, they merely ask the public to call and obtain at their Bhop a sample of tea, for f/te kitpwojoja tiaii ml/icdr'iiilitijJOHNSON & CO. are wi mixors, blenders, or packers, From the Gardens to the Shop is but one Btep, and requires but one profit out of the jackets of the people of Wellington and distriots, ttange of prices. Is Od to 3s per lb, Importers of Eaefc Indian commodities, N.B.—Country Customers supplied at town prices, Carriage on Half Cbesis Paid. WRITE FOITSAMFLBS, IFiyo to six horse power ENGINE and boiler suitable for breaking down logs, or for a small sash factory, to be sold cheap, | si,:t ol LOG TRUCKS, extra lane ' wheels. i - ■ , R, A. WAKBLIN, ' /toh and Door Factory, Grwtoira.