Page 4 Advertisements Column 3

Waihi Daily Telegraph, Volume IV, Issue 1032, 5 July 1904, Page 4

"Wellington, "Mareli 10th, 1904. " Having been roqui sled to supplement our former report of the 7th December last willi :i statement of tlic receipts of the Umpire Hotel for the four months from the Ist, November lust, we have accordingly made a further examination of the hooks of the Umpire Hotel, and huve to report that the receipts of the business for tbo four months from I lie .Ist November to the '29 th February Intl. inclusive, ns shown therein, amount to £10,571 ss. lid. " This brings the total receipts for the year endiug Hist December, 19(13, to £28,(171 10b. Bd. " BADIIAM A BISS, " Professional Accountants anil Auditors." It will lie seen from the reports that the receipts show a marked increitfo year after year, rising front £14,040 for the year 1900, to £26,671 for the year 15103 —nn increase of OYBr 100 per oent. or more than double. Compared with 1901, only two years urn, when the now buildings were completed, the receipts for ISO 3 show an actual increase of over GO per oent. An examination of the books show* that the receipts for •January and February, 1004, amounted to £5,570 10s. 11(1., which is at the rate of Cilil.-lffl per annum. The present rate of profit on the Empire Hotel alone represent? in itself over 8 per cent, on the entire capital of the consolidation without taking into account at all " The Mansions" anil the " Hellenic Hotel and Gardens." With more accomodation available, which the addition of another story would give, coupled with the large economies which can undoubtedly he elYceted under the consolidation, the net prolits should be increased by fully 60 per cent. ■RECEIPTS OF "THE [MANSIONS." The receipts of " The Mansions" amounted fur the past eight months, to £'2,131195. (id., and the expenditure to £1,021 ltis. 9d., leaving a surplus of -Colli '2s. 3d. It must be borne in mind that the house is a new one, opened on the Ist August, 190;!, and that these figures represent the returns for the period in which the house was started, ami boforo it can be said to have been in full working order. The following is a copy of Messrs. Badham A Diss's report "April Bth, 1904. "We hereby certify that, having examined the books in connection with the establishment known as" The Mansions," Glniznee Street, Wellington, w, find the receipts for the past eight months, from August. Ist, 19(13. to .March 31st, 1904, amounted to £2,131 19s. od,, and the expenditure to £1,621 ltis. 9d,, leaving a surplus of £">l.3 '2s. 3d.; but in the above ligures no amount has been included for interest on capital invested in the btiiimss, " BADIIAM iV ISISS, " I'rofessional Accountants." KEOEIPTS OF THE " JiEILEVUE " HOTEL A GAIiDENS, The receipts of the •• licllevue" Hotel and Gardens, from Ist January, 1902, to 29th February, 11104, .amounted to £10,221 0a Id, while tbo expenditure was £.1515 7s 7d, leaving a surplus of £lG7(> I'2b 9d. Duriug this period 52,103 visitors paid £1302 lis Od for admission to the grounds, and,(! I 111 9s Od was realised for (lowers. In the expenditure i-, included the sum of £IOO9 10s lOd, which is an extra outlay incurred in repairs, upkeep, and genwully improving the properly. The Yalues 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 lor 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 ilirec properties have been carefully valued, and there is no doubt that if sold in the open market to-day they would realise considerably holier prices. Moreover, from the fyeS that business in Wellington is expanding enormously, and (bat the values of these three properties must increase proportionately ytir by year, it will be admitted by everyone thnt the of the company must be very great indeed, and that its efti'llUJg facilities, which arc already so high, must he materially enhanced in the immediate future. Early application for shares is invited, and should be forwarded to the brokers, accompanied by a cheque for -J3l on each share as application money. Copies of the Prospectus may lie obtained from the sevWil brokers of the Company, or the vendor. The vendor or |b« local brokers will be gliul to show intending shareholders mi any of the properties, mid to give any further information desired. T. <fe 00. *

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