Page 3 Advertisements Column 4

Wairarapa Daily Times, Volume XII, Issue 4012, 14 January 1892, Page 3

ABRIDGED PROSPECTUS OF ME PALMERSTON NORTH GAS COMPANY, LIMITED. To bo roistered under " Tho Corn- ■ panies' Act, 1882." The liability of tho Sliareholdore will bo limited to tho amount of Shares subscribed for. Oivmi ... .... ... £30,000 In 6,000 shares ot!s each, Payablo as follows;—2s 6d per Share on application, 2s 6d pec Share on allotment, and the balahco in calls of 2s 6d per Share at intervals of not less than one month It is not intended to call up more than £2los per slmro. Seven per cent, interest will be allowed on nil 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* Moll' J. Rei.l, Esq* . L. L. Harris, Esq P. W. Telford, Fsq* H W Haybittle, Ksq H. B. Vogcl, Esq T.Ejton, Esq,' Palmerston North. 'Will join tho Board after allotment, BANKERS: The Colonial Bank of New Zealand (Ltd) SOLICITOUS: Messrs Bell, Gully and Izard. BROKEuS: Harcourt and Co., Wellington Vickers and Hull, Auckland Ackland and Dudley, Christchurch James Henderson, Christchurch E. R. Smith, Duuedin

The Dnmpsny is promoted for the purpose of acquiring from the present oiviici a tho newly erected Gasworks at Palmeraton North, and of carrying on the business of gas manufacturing in all its brunches in the ordinary moJe of Gas Companies, andfor other purposes stated In the Memorandum of Association Tho works woro orected by Messrs John Coates and Co, Has Engineers and contractors of large experience, under a contract with the Palmerston North Borough Council, and were pnnhased from them by the present owners, Messrs Coates and Co. retaining an interest. The leaso of tho site of tho works and the concessions embodied in tho contract for orection (copies of which can be seen at tho offices of Messrs Haroourt and Co,, and also of the various other brokers of the intended company throughout the Colony), are now vested in equity in the Promoters, and the legal interest will bo assigned to the Company by the New Zealand attorney of Messrs Coates and Co., and tho attention of applicants for shares is particularly directed to the provisions of these documents, which the Promoters thenißelyes look upon as eminently favourable. It is almost unknown for a gas company, to fail j on the other hand, all have paid good dividends when even only fairly managed. Palmeraton North in well known to be a most progressive town, and must eventually contain a large population, It is the centre of an extensive area of rich agricultural and pastoral country, In no par} of the Colony is settlement more rapidly proceeding than in the surrounding district, and the recent completion of the Gorge Line connecting the Wellington and Manawatn Railway and the Wanganui-New Plymouth Railway with the Napier Line, must make this town a large and busy railway and commercial centre. The recent census returns Bhow that Palmeraton North has made the enormous increase of (>&£ per cent in Ub population sinco the census of 188 C, Wellington showing an increase of 5076, the largest numerically in the Colony, but giying a percentage of only 19J increaso as compared with 188(i, As investments, Gas Companies hayo been amongst the surest and most profitable in the colonies, In Australia, and Tasmania the averago dividond paid by Gas Companies, and the premiums upon the paid upvalue of the shares are as follows.;— Dividends,' £li 15s ; : Premiums on Shares exceed 77 per cent, The streets in the Borough of Palmerston North are now lighted with gas, as also aro all the principal buildings and places of business, and the customers of tho Company are monthly increasing much beyond anything that wm anticipated. The returns furnished by the Managor show that for 1891 the receipts of the works are over 227 per cent in excess of what they were for the same period in 1889,

From the largo extensions of mains and other works during last year, it is not anticipated that nay further outlay will be necessary in the same direction for somo time to come. But extensions to the works, if necessary, would not in any case proportionately equal the cost of present installation, as much work has been done applicable to extended works. The 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 liavo proved exceptionally sound investments, and no class of shares command generally such high premiums and pay suoh steady dividends as they do. Gas Shares in New Zealand stand at an average premium on the paid up capital of over per cent, and havo thus proved themselves as a class unsurpassed in popular favour with investors, The average dividends paid by these Companies in 18!)0 equalled £lO IBs Od per cent, and it must not be over-looked that owing to the strike and the consequent high price ot coals, &c, this year wjs an exceptionally trying one for all Gas Companies. In addition to paying those large dividends, bonuses have been paid, and extensive reserve funds formed. There is every reason to anticipate a similar success for the Palmeraton North Gasworks, which are now in first class workin? order, and havo given moat satisfactory results. _ Special attention of intending investors is called to tho fact that all expenses of brokersgo, advertising and other expenses of floating the Company will bo 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 Now Zealand.

The sharo list will close on the 31at January, 1892. Ptcspeotuseo and forms of application m»y bo obtained at the Wairaripa Daih Office, Masterton; from Mr G. A. Fairbrotber, Carterton j Mr F, H, Wood, Griytown; or of HAUCOUET&OO., Brokers, Wellington. CENTRAL; BOOT WAREHOUSE J, CARPENTER Per ut, Ton§anro. 'AVE jußt received' 9 trunks of . - Ladies'and Children's •■' BOOK-AND SHOES,; . Specially selected for enay fltitng and hard wear. '; ;,-,.'. Which will be offered at'wmarkably low prices.. ; COLONIAL BOOTS made by;my speoial ordor'suitable tor this district, from the well»kuown maKers of (he following brands; Zealandia, Premier, and lndesirnctiblo and Hard Wear • SCHOOL BOOTS. Boots and Shoes made to order, and repairing exeeuted with despatch, Country .orders punctually-attended'to,