Notable Undertaking.

Waihi Daily Telegraph, Volume IV, Issue 1036, 9 July 1904, Page 2

Notable Undertaking.

By advertisement appearing elsewhere in this issue, it is notified that a company will bo formod to Require three of the finest properties in Wellington, namely, tho Euipiro Hotel, in Willis-street, "The Mansions," in Ghnznooatreet, acftbe famous Bellevue Gardens and hotel, at tho Lower Hutt, the threo v pro< perties and businesses to bo run under the itylo of "Tho Empire, Bollovue, and Mansions Consolidation, Limited," Mr. Herman Lowiu, tho yendor, contraoti with tho purc'insor company to Bell the tbroo properties for X'lßo.ooo, of which tlio vendor, receiros i' 55,000 cash, and 4000 shares, £55,000 to remain on fixed mortgage, . Tho fast that looal companies have advanced £55,000 ou fixed mortgage ii an uudoubtod proof of tho soundness of the securities offered, A glance at tho propor. lies ihemselves will eonvinoo prospective shareholders of tho potentialities of the Empiro Hotel, export accountants having certified, by thoir examination of the hotol boolu, that since the first year of buildin? the profits hnvo doublod, The present rato of profits 011 tho Empire Hotel atono represents in itself ovor 8 per cent, on tho entire capita! of tho consolidation, not including tho other two magnificent properties in the consolidution, Of tho famous liullot uu tlai Jjus, it need only bo said that they are the premier attiaotion to visitors to Wellington, and ar» extremely beautiful, the hotel iu oonneotion therewith boing a very fine one, The property, aB well as The Mansions, shows a most satisfactory iuoroase of ptofiti, Shortly, tho abridged i>rospootus in thii issue is worthy of close consideration and thought by investors, who do not require to be told that investment in a company holding three of the "belt things" iu the distriot would be most remunerative, It is believed that tho public vill be eager to take up tho sbarei, andtboyaro tliorefor* advised to bo in good time, iu order to be among the fortnnato shareholders, There is not tho slightest doubt that the capital required will be largely oversubscribed, so that thoie who aro earliest with their applioa< lions ire moit likely to mould, '