Page 4 Advertisements Column 6

Wairarapa Daily Times, Volume XII, Issue 4007, 8 January 1892, Page 4

ABiUDiJED PROSPECTUS . OFIUE >ALMERSTON NORTH GAS COMI 'i'o bo registered under "The Compauies' Act, 1882." Tho liability of tho Shareholders will be limited to tho amount of Shares •'subscribed for. diPiw'L ... ... ~,,., ... £30,000 InCOflOslinresotioeach. Payablo as follows ;-2s 6d por Share on application, 2b 6d per Share oh Allotment, and the balance in calls of . 2s 6d per Share at intervals of not less than ono monthIt is not intended to call up more than £2los per Bhare. Seven per cent, interest will be allowed on all calls paid in advance. .PROVISIONAL DIRECTORS: A, W, Brown, Esq D. Jones, Esq" Dr Collins' E, W. Mills, Esq AH N Campbell, Esq Hon. R, Pharazyn* DrlW J. Esid, Esq* •' I. L. Honis.Esq P, W. Telford, Esq* H W Hajbittle, Esq H. B. Vogel, Esq T.Ejton, Esq,* Palmorston North. Will join the Board after allotment, BANKERS: The]Coloniol Bank of New Zealand (Ltd) SOLICITOUS: Messrs Boil, Gully and Izard. BROKErtS: Harcouit and Co., Wellington Viokors and Hull, Auckland Acklaud and Dudley, Christchurch James Henderson, Christchuroh E. R. Smith, Dunedin ' The Company is promoted for the purpose of acquiring from the present ownois the newly erected Gasworks at Palnierston North, and of carrying on the business of gas manufacturing in all its branches In the ordinary mode of Gas Companies, and for other purposes tfated in tho Memorandum of Associca tki. Tho works wore erected by Messrs John Coates and Co, Has Engineers and contractors of large experience, under a contract with tho Palmerstou North Borough Council, and were punhased from them by the present owners, Mossrs Coates and Co, retaining an interest, The lease of tho she of trio works and the concessions embodied in tho contract for erection (copies of which can bo seen at the offices of Mossrs Harcouit and Co,, and also of tho various other brokers of tho intended company throughout tho Colony), aro now vested in equity in the Promoters, and the legal intorest will bo 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 the Promoters themselves look upon as eminently favourable. It is almost unknown for a gas company to fail ;<m the other hand, all have paid good dividends when even only fairly managed. Palnierston North is woll known to be a 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 tho Colony ia settlement more rapidly proceeding than in thosurrounuS ing district, and the recent completion of tho Gorge Line oonnootmg the Wellington and Manawatu Railway and the Wanganui-New Plymouth Railway with the Napier Lino, niust make this town a large and busy railway ard commercial centre. The recent census returns show that Palmeraton North has made the enormous increase of Gb| per cent in its population since tho census of 188G, Wellington showin? an increase of 5076, the largest numerically in the Colony, but giying a percentage of only WJ increase as compared with 1880, As investments, Gas Compauios have 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 are bb follows:—Dividends, £lB loi; Premiums on Shares exceed 77 per cent. The streets in the Borough of Palmer--ston North are now lighted with gns, as also are all the principal buildings aud places of business, and the customers of the Company are monthly increasing much beyond anything that w?b anticipated. The return 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 largo extensions of mains and other works during last year, it is not anticipated that any further outlay will be necessary in tho same direction for some time to come. But extensions to the works, if necesssry, would not in any osbo proportionately equal the cost of present installation, as much work has been done applicable to extended works, The Vendors offer their interest in tho 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 as they do. Gas Shares in Now Zealand stand at an average premium on the paid up capital of over 47i per cent, and have thus proved themsolves as a class unsurpassed in popular favour with investors, The average dividends paid by these Companies in 181)0 equalled £lolss Od per cent, and it must not be over-looked that owing to tho strike and tho consequent high price otconlsj &c, this year was an exceptionally trying one for all Gas Companies. In addition to paying those largo dividend, bonuses have beeu paid, and extensive reserve funds formed, There is every reason to anticipate a similar success for tho Palmerston Worth Gasworks, which are now in first class workinit oraer, and have given most satisfactory results. • Special attention of intendin? investors is ailed to the fact that all expenses of brokerjfje, advertising and othor expem ses of floating the Company will be borne by the vendors; the Company will not therefore bo saddled with any preliminary expenses. Applications for shares 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, HARCOURT&CO,, _ J Brokers, Wellington. FREE TO ALL! tea samples, TOGpjN&Ca.Mee'B Building, t] LambtonQuay, AVeimnoton,, being desirous of pushing the INDIAN TBA peculiar to their Gardens in" The Dooaks," intend to sell of« tore mofit, JOHNSON & CO. acknowledge that as a rule people can appreciate a good, pal* atabk and really pure tea, therefore instead of puffing themselves up and Uocryiug other dealers, they merely ask tho public to call and obtain at their shop a sample of tea, for the be&tproofofateati inf/iedi'iti%t •JOHNSON & CO, are no* mixers, blenders, or packer's. From the Gardelis to the Shop is but one Btep, and requires but one profit out of the prckets of the people of Wellington and districts. Kange of prices, Is 9d to 3s per lb. Importers of East Indian commodities. N.8.-Country Customers" supplied 'at town prices, Carriage on Half Chesis Paid. WRITE FOR SAMPLES, Ml SALE. ITm toßix horse powor ENGINE and boiler suitable for breaking down logs, or for a small sash factory, to be sold cheap. ■(--Sot of LOG TRUCKS, extra large 1 .wheels. ' R. A. WAKELIN,