Page 4 Advertisements Column 2

Waihi Daily Telegraph, Volume IV, Issue 1030, 2 July 1904, Page 4

mmmmmMiMmm* mil sm 1 I jsßs filed wiili iho Reeisto ABRIDGED PROSPECTUS OF To be incorporated under "The Companies' Act, 1903." IPITAIi, «150.000-divided into 30,000 shaves of £5 eacli, of whioh 4000 shares, folly paid up, "" itted to the Vendor; 4000 are reserved for subsequent issue for extensions of business ana - and the remaining 22,000 Bharas ate now offered to the public for subscription, iftvabls M follows:-Si per share on application, ,fli per share on allotment, and the oftaot more than £1 per share as may be required, and at internals of not lobs than tr» PROVISIONAL DIRECTORS i / CHARLES F. GREENSLADE, Esq., Duocdin (Managing Director Speight & CoJ, Ltd.) ARTHUR B. V. LODUEK, Ksq., Wellington (Proprietor City linnet Hotel). . CHARLES H. IZARD, Esq., Wellington, Solicitor (Director Wellington-Mitnawuu Railway. Coy., Ltd.) ■ ALBERT MARTIN, Esq., M.D., Wellington (Director Equitable Life Assurance Society of U.S.) EDMUND ALLO, Esq., Wellington, Electrical Engineer and Hydraulic Export HERRMAN LEWIS, Esq., Wellington, Investor OHARLES TRINGHAM, Esq., Wairorapa, Sheopfarmer (Director Wellington Trust, Loan & Investment Coy., Ltd.) - "J office until the first meeting of shareholders which will be ht-W not Ik than one month nor more than three months from tlu ne the Company is entitled to commence business, at which meeting permanent Directors of Iho Company will bo appointatl BANKERS. The National Bank of New Zealand, Limited. SOLICITOR: J, J. Define, Hi, Rrandon Street, Wellington. BROKERS : Bur, Lew & Co., Wellington; William H. Turnbnll & Co,, Wellington'; Ilnmmrt * Co. Wellington; Femvick Duuedin, ' To Den, Ohristohnreh; V, ,1. Lamer, Auckland; Richard Gooch, Waihi; Mark Sprot *Co Groymouth & : Hofahb H. Chadwick ft Co., Hawkes Day ; C. H. Lewis, Poverty Day ; J. F. Clark, Nelson ; Dewley & Gnlhths, New Plymouth ; R. Brett, South Canterbury; C. L. Duigan & Co., Wanganui. SECRETARY (pro km): J. S. Schwartz, Colonial Mutual Buildings, Custom House Quay, Wellington.

"Wellington, "March 10th, 1904. the Vtli December last with n statement of the receipts of Wold for the four months from the Ist ~il, we have nceovdiugly made a further oHiiihiiilioii ot the books o( the Empire Hotel, nnd lvivi; In report that the reccipls of the business for the four months from the Ist November to the 29th February lust. ii!i'hi.«ive, us shown therein, amount to £10,571 3s. IUI. "This briii",s fiic total receipts for the year ending 31st December, 1903, to.»,«7110s. sd. "DADIIAM * BIBS, " Professional Accountants anil Auditors." It will be seen from the reports that the receipts show a marked increase year i;fler year, rising from £14,010 for the yenr 1900, to £28,671 for the year 19u3—mi increase of OYer 100 poi' cant, or more than double. Compared with 1991, only two years ago, when the new buildings were completed, the receipts for 1903 show an actual increase of over 60 vis;; cant. An examination of Hie books shows that the receipts for January and February. 1904, amounted to £5,570 10s. lid., which is at the into of 1:83,428 per milium. The present rate of pill on the Empire Hotel alone represents in itself over H per cont. on Ihc entire capital of the consolidation without liking into ateount at all" The Mansions" and the •'Lellcvue Hotel and Gardens." With more aceoiuodntion availably which the addition of another story would give, coupled .vith the large economies which can undoubtedly be effected under the consolidation, the net profits should be increased by fully SO "par oent. UECKIPTS OF "THE;MANSIONS." The receipts of " The Mansions" nniounted for the past eight months, to £2,134 19s. od., and the expenditure to £1,021165. 9d., leaving a surplus of £513 2s. 3d. It must bo borne in mind Hint the house is anew one, opened on the Ist August, 1503, and that these figures represent the returns for the period in which the house was started, and before it can bo said to have been in full working order. The following is a copy of Messrs. Badhatn & Diss's report:- . "Wellington, , ''April Bth, 1904. ■'Wo hereby eeriify that, having examined the books hi connection with the establishment known as" 'Hie Mansions," Ghumice Street, Wellington/we lind the receipts for the past eMit months, from August Ist, 1903, to March 31st, 1901, amounted to £2,134 19s. Oil., and the expenditure to £1,021 Ids. 9.1., leaving a surplus of £513 2s. 3d.; but in the above figures no amount has been included for interest "11ADHAM .V. DISS, " Professional Accountants." RECEIPTS OF THE "DEI.LUVCB" HOTEL & GAKDENS. The receipts of the " Bellevue" Hotel and Gardens, from Ist January 1902", to 2!) th February, 1904, amouuted to £10,221 0s 4d, while the expenditure was »15 7s 7d, leaving.* surplus ot . £11)7512s 9d. During this period 52,103 visitors paid £1302 lis Gd for admission to the grounds, and £4lO 9s Od was realised for flowers. In the expenditure is included 'the sum of £1609 10s 104, which is an extra outlay incurred in repairs, upkeep, and generally improving the property. The Yaluea of the Properties. As to the values of the. three properties, reports on this point have been obtained from the leading valuers of the city, men who are well known in Wellington for their absolutely unbiased judgment, skill, and experience in this class of business for a long period of years, and generally their" bedrock" valuations, The whole of these three properties have been carefully valued, ami there is no doubt that if sold in the open market to-day they would realise considerably higher prices. Moreover, from tho fact that business in Wellington is expanding enormously, and that the values of these three properties must increase proportionately year by year, it will bo admitted by everyone that tho possibilitics > ot the company must be very great indeed, and that its earning 'facilities, which aro already so high, must b'c materially enhanced in the immediate'future. • Early application for shares is invited, and should 1)0 forwarded to the brokers, accompanied by a chequo for £1 oil each share as application money. Copies of tho Prospectus may bo obtained from tbe SBVOW brokers of tho Company, or the vendor. The vendor or tilt local brokers will be glad to show intending sfyurcljpldeis wet any of tho properties, and-to give any further intormapojl desired. •i T. A 00. *

m Company ii being formed for tho purpose of acquiring, as. goingjconcerns, the fashionable and well-known "Empire Hotel!" in Willis anil Victoria Stronts, Wellington; the ptoturesque and far-famed "Bolluvue Gitrdons anil Hotel," situate at Lower Hutt, and the fine public residence or private hotel Jjioto as "The Mansions," recently in Ghussnec Street, Wellington; and of carrying on, consolidating, and extending their trade or business, and generally of mnving out the objects mentioned in tho Memorandum of Association of the Company. ! The value of the assets to ho lU'ijiiireil iiy the Company has I been fully reported upon by well-known, o:qi,'rienad, mul reliable j experts, and the following is a fair sunmmvy <>r their reports : i " The Empire Hotel "-- ' Land, Buildings, Furnishings and Goodwill £111,200 fitook of Wines, Spirits, *c 1.000 " The Bellevce Hotel ash Gaiwexs " and Furnishings n-i! ■. Stock of Wines, .Spirits, *c 200 ■ "The Makbions," Buildings, Furnishings, .Vc. 10,04b These figures, based on thoroughly reliahle estimates, show a surplus of £14,229 over and above the purchase price to be paid by the company, "The Smpire Hotel." This palatial hotel, recently imilt mid re-constructed, may now be olassed as equal to any establishment of its kind which the Southern Hemisphere can boast of. The position of this building may lie said to be Hie most valuable in point of situation and convenience which could be selected for private or public enterprise out of the whole of the Capital City of New Zealand. , The "Empire" has frontages to two of the most important business streets of Wellington City-Willis Street on the one side and Victoria Street on the other-ami to each of these streets it presonts a handsome and imposing front. Ihe area covered by the hotel represents a length from street to street of 190 feet, and the frontages to Willis and Victoria Streets are 75 feet and 71 feet respectively. ,••,,,' By no possible fluctuation can such n site as that on which the Bmpiro Hotel sltCnds bo otherwise than materially enhanced m value in years to come. "The Believue Hotel and Gardens." At tho present lime, a journey of thirty minutes by train and ten minutes 1 walk from the Lower Hint railway slation brings tiro visitor to the gates of Ibis Hotel and Gardens a truly magnificent property of some sixteen acres, with a (rootage of about 1500 feet to the liiain Waiwelu lload, which is one of the principal thoroughfares of the Hutt Valley. . Thcßcllcvuc Gardens arc unique in New Zealand, being as thoyare, the only private botanical gardens on a large scale in the Colony. , , A carriage drive, shaded on eitner auk by hue ohl trees, am fringed with graceful ferns, leads to the hotel—n veritable old English manor house-standing in the midst of emerald green lawns, flower beds • resplendent with gorgeous blooms of every shade and hue; shady arbors and quaint summer-houses over which trail sweet-scented roses, interesting avenues of rare trees aud shrubs brought from every clime, . There are nearly all varieties of New Zealand trees in these gl ° The straightening of the Hull liailway has been agreed to by Parliament, and litis 'important public worl; has already begun. The improument of live Hutt lload is a work also to be put in hand immediately. It is needless to say that the Bellcvtio Hotel and Gardens vf ill immensely profit by these improvements. "The Scansions." One of the finest establishments of its kind south of the. line is the handsome new boarding-house known as" The Mansions, situated in Gbussnco Street. The lino proportions of this building, as it towers in its garb of white above those buildings which surround it, immediately arrests the attention in the panorama of Wellington City. .... Tki building, which is three storeys high, of brick and stucco, has a frontage of 47 feet Ii to Ghuznce Street, by a depth of 46 feet 3 inches. , . Tho furnishing is' of the most palatial character, as may be seen from tho fact'that it has cost nearly J-4,0U0. Financial Aspect. THE EMHlffi HOTEL. The fullest investigation.of the books and accounts-of the Empire Hotel has been made by Messrs. Budham & Biss, professional accountants and auditors, Wellington. Their report shows that from June, 1809, to October, 1903, the receipts totalled £83,200, against disbursements, £51,371, leaving a net profit of £31,835. The following is a copy of a supplementary rcpoit Horn ' Messrs. Badham & Biss, showing the receipts for the our month; torn the Ist November, 190!), to the 29th I'cbruary, 1904:-

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11HAME8 "PBAOTIOAL" SCHOOL OF BHOEIHaND. MISS WIL 00 X Offica—ln Mr Moaa's Chnmboi's. above Wylio and Oo.'s.\ Shorthand; Individual tuition, Coaching for examinations lield under auspices of Auckland Technical School; 80 % cor tifloates Rained by pupils for 1903 Ivpe l wbitino; Machines always available Teotimoninls, Hcporta, etc., with carbon copies, typowriltton accurately and qniolity Book'keepinq : Instruction : .n single entry and double entry. Pbnmanship : Insriuo, tion in Favian, vertical, and other' Bys' terns, Night School : For youths with neglected education-reading, writing, arithmetic, and office work,-Commercial correspondence and pr&cis writing, Teims on application,

SYMONDS STREET AND KARAMAHAPE ROAD. REPAIRS IN ALL BRANCHES , CAREFULLY ATTENDED TO SIGHT7ESTINGmy specialty Glasses accurately fitted. Satisfaction guaranteed. G.E.READ . Consulting Optioian.