Page 3 Advertisements Column 6

Wairarapa Daily Times, Volume XII, Issue 4006, 7 January 1892, Page 3

ABMDGM) PROSPECTUS OFIHE. , • PALMERSTON NORTH GASCOM- ' : PANT,LIMITED,' ' ' Tp 1)0 registered under'" The Oomi ; panics' Act, 1882." The liability of the Shareholders will to . limited to the amount of Shares subscribed " - - .PiHML- ... £30,000 ■ -,i In 0,000 shares ot £5 Payablo as follows2s 6d per Share on application, 2s 6d per Share on allotment', and the balance in calls of 2s 6d per Share at intervals of nut less than one month , .; It is net intended to call up more than £2los per share.,' ' Seven per. centi interest will-be al-j lowed on all calls paid in advance. _ ! ' PROVISION iL DIRECTORS: M A.\V, Brown, £aq 1 • D. Jones, Esq* Dr Collins' . ~ E, W. Mills, Esq, i 11N CampboU, Esq Hon. R. Pliarozyo* Dr Fell*" , J, lteid, L, L. Harris, Esq P. W, Telford, Ksq* H- W-Hiijbittlo,' Ksq H, B. Vogcl; Esq T, Eytoo, Esq," Palmersion North. " "Will join the Board after allotment, BANKERS: flie|Co!onial Bank of New Zealand (Ltd) • SOLICITOUS: i: ' Messrs 8011, Gully and Izard. , , ' BROKEKS: " '. Harcourt and Oct,'Wellington '• Yiekora and Hull, Auckland'. Ackland and Dudley, Christchuroh James Hendorson,' Christchuroh, li. R, Smith, Dunsdin } '• • The Company is promoted for the purpose of acquiring from the present uwneis tho newly erected Gasworks' at' Palmeistou North, and of carrying on; the business of ps manufacturing in all' its branches in the ordinary moio of Gas Companies, and for other purposes stated in the' Memorandum of.-. Assooia*tio.i. ...

Tim works were erected by '-Messrs John Co.ites and Cu , Has Engineers and contractors of large experience; under a coutract wi;h tho l'almerston North Borough Council, and were' purchased from them by the presont owners, Mesais OontßS and Co; retaining an interest. Tlie leas'i of the silo of the work? and the concessions embodied in tile contract ■fot erection (copies ot which can bo seen at the offices of Mossrs Harcou rt and Co,; and also of tho various other'brokers of tho intended company throughout ilie Colony), are Sow vested in equity in the Promoters, and the legal interest will bo assigned to tho Company by the New Zealand attorney of Messrs Coatoß and Co., and' the attention'of applicants foi' shares is particularly directed to the provisions ot these documents, which the Promoters themselves look upon as eminently favourable, It is almost unknown foragas company to fail; on the other hand, all Jiavo paid good dividends when even only fairly managed. Palmerston North i 3 well known to be a most progressive town, and'mUSt eventually contain a [largo population, •It is tho centre of an extensive area of iich agricultural and pastoral country. In no part of the Colony is settlement wore rapidly proceeding than in the surround' ing district, and the recent completion of the Gorgo Line couneoting the Wellington and Manawatu Railway and the Wungatiui-New l J lymouth.Railway' with the Napier Line, must make this town a large and busy railway and commercial centre. . ' Tho recent census returns slio? that Palmerston Worth has. mado tho onorluous increase of (ib| per cent in i its population since tho consus of 1880, Wellington showing an increase of 6076, the largest numerically In the Colony, but giying iv peroentago of only :19J increase as compared with 188(i, As investments, Gas Companies .'hare been ninnrgst the surest and most profitable iu the colonies, In A ustralia and Tasmania the averago dividend paid by Gas Companies, and tlie premiums upon tho paid up value of the shares are as follows Dividends, £lB 15s; Premiums on Shares exceed per cent.', ■ Tlie streets in tho Borough of Palmerston North are now lighted with gas, as also ■ are all the principal buildings and places of business, and the customers of tho Company ■ nro monthly increasing much beyond anything that wfs anticipated; Tho returns furnished by tlie Manager show that for 1891 the receipts of the workß are over 227 per cent in excess of what they were for the samo period in 1889. From tho largo extensions of mains and other works during last year, it is not anticipated that any furtlur outlay will be necessary in tho same' direction for somß time to come. But extensions to tho works, if necefssry, would not in any case proportionately equal the cost of present installation, as much work has been done applicable to extended works, • The Vendors offor their interest in tho lease, plant, and all concessions for the sum of £15,000.

In JS'ew Zealand, as in Australia, Gas Companies have proved exceptionally sound investments, and no class of shatoa command generally such high premiums and pay such steady divideuds as they do., Gas Shares m New Zealand : stand at an average premium on tho paid up capital of over 471-per cent, and have thus proved themselves as a class unsurpassed in popular favour with investors, Tho average dividends paid by these Companies ill 18' JO equalled £lol6s,od per cent, and it, must not be over-looked that owing to tho strike and tho, consequent hi;th price ot coals, tic., this, year was ail exceptionally trying one for all Gas Companies, , In addition to paying theso large dividends, bonuses liavo been paid, and extensive reserve funds formed, . : ' . There is every reason to anticipate a similar succtss for the Pnlmerston North Gasworks, which aro now in first class working order, and have: giyen most satisfactory result!, : _ Special attention of intondin? investors is jailed to the fact that all expenses, of brokeDgo, advertising and other expenses of floating the Company will bo borne by the vendois j the Company will'not therefore be saddled with any preliminary expenses. Applications for shares must bo made to tho Brokers, or to the Colonial Bank ofNew Zealand and its' agents through* out .New Zealand.

The sharo Hat will close on the 31st January, 1892. HABCOUBT&CO., Brokers, Wellington. FREE TO ALL.! m SAMPLES. ■ JOBNStiN & CO., Mco's Buildings, ; Laiubton Quay, Welunuton, being desirous' of pushing the INDIAN TK A peculinr to their Gardens in " Tub Dooaes;" intiiiid t(i sol) '.id bare profit; JOHNSON & CO. acknowMgi! that as a rule people Gati appreciate a good, jml\ stable and ycally pure'lei, therefore instead of puffing themselves 1 upjind de'' l cryiu" otlier dealers,'th'ey merely the' public to .call and obtain at their shop a sample of tea, for the ht proof of a tea is inthdriuh'iitr. . 1 JOHNSON & CO. are not mixers, blenders, or.packeis.- ■. Fi'ojn-tho-Gar-deiis 'to"the" Shop is but' one step, A aiid requires but one profit out of the pockets of the people of Wellington and districts. . of prices. Is ( Jd to 3s per lb. Importers of East Indian commodities. ; N.B.—Country Customers supplied at town prices. Carriage on Half Chests Paid, WRITE FOR SAMPLES,. ~ . .I'OH SALII. . IFivo to six horse powor ENGINE and boiler suitable for breaking down logs, or for a small sash factory, to be sold cheap. 1 Set of LOG WOKS, extra large [. whoelß, It. A. WAKELIN, Ussh and Door Factory, Gwytpwn.