Page 4 Advertisements Column 2

Waihi Daily Telegraph, Volume IV, Issue 1036, 9 July 1904, Page 4

Dated and filed with the Register of Joint Stock Companies on the 23rd day of Juno, 1004, IRIDGED PROSPECTUS OF ifpllMP I ■ To be incorporated under "The Companies' Aot, 1903." CAPITAL, ißlSO.OOO—divided into 30,000 shares of £5 each, of which 5000 shares, fully paid up, Alt to be allotted to the Vondor; 4000 are reserved for subsequent >6suo for extensions of business and building purposes, and the remaining 22,000 shares are now offered to tlia public for subscription, payable as follows!-£1 per share on application, SI por share on allotment, and the balance in oalls of not more than £1 per share as may be requirad, and at intervals of not less than two months. PROVISIONAL DIRECTORS: OHAELES F. GREENSLADE, Esq., Dimedin (Managing Director Speight & Co., Ltd.) ARTHUR It. V. LODDEIt, Esq., Wellington (Proprietor City Bullet Hotel). OHAIMB 11, IZARD, Esq., Wellington. Solicitor (Director 'Wellingion-.Mauawatu Railway Coy,, Ltd.) ALBERT MARTIN, Esq., M.D., Wellington (Director Equitable Life Assurance .Society of t.S.) EDIIUND ALLO, Esq., Wellington, Electrical Engineer and Hydraulic Expert HERRMAN LEWIS, Esq., Wellington, Investor OHAItLES TRINGHAM, Esq., Wairarapa, Shecpfarmcr (Director Wellington Trust, Loan & Investment Coy., Ltd.) Who hold office until tlio first meeting ol shareholders which will bo held not less than one month nor more than three months from the time the Company is ontitled to commence business, at which meeting permanent Directors ef the Company will bo BACKERS; The National Bunk of New Zealand, Limited. SOLICITOR: J. J. Deyine, 10, Brandon Street, Wellington. BROKERS: Burr, Leftty & Co,, Wellington ; William 11. Tnrnbull A' Co., Wellington; ilarcourt A Co., Wellington ; Fenwiek Bros, Dunedin, It, 0. Duncan, Ohristohurch; V. ,i. Lamor, Auckland; Richard Gooch, Waibi; Mark Sprot & Co., (iroymouth & Hokitika; H. Chadwick & Co,, Hawkes Bay; C. 11. Lewis, Poverty Bay; J. F. Clark, Xobn; llewley A Griffiths, New-Flymouth; R.Brett, South Canterbury; C. L, Duigan iV Co., Wanganui. SECRETARY (pro tanjt J, S. Schwartz, Colonial Mutual BuildiiißS, Qiiftoiii-]j, Wellington.

" "Wfillington, » March 10tb, 1004. " Having been reqviostcd to supplement our former report ol the 7th December last with a statement of the receipts of the Empire Hotel for the four mouths from the Ist November last, we have accordingly made a further examination ol the books of the Empire Hotel, ami have to report Unit the receipts of the business for the four months from the Ist November to the !J9lh February Inst, inclusive, as shown therein, amount to £10,871 ss. lid. " This brings the total receipts for the year ending 31st Dccomber, 1903, to £28,671 10s. sd. "BADIIAJI & BINS, " Professional Accountants and Auditors." It will bo seen from the reports that the receipts show n marked increase year after year, rising from £14,010 for the year 1900, to £28,671 for the year 1903—nn increase of over 100 per cent, or more than double. Compared with 1901, only two years ago, when the new buildings were completed, the receipts for 1903 show an actual increase of over 60 per oant. An examination of the boohs shows that the receipts for January mill February, 1901, amounted to .65,570 10s. lid., which is at the rule of £33,-12 li per annum. The prc-si'iit rate of profit on the Empire Hotel hlom repro iients in itself over 8 per cent, on the entire capital ol tho consolidation without inking into account at all "The Mansions" and tho "licilovue lintel and Onrdeiip."

The Company is feting formed for the pmpo^e^. acquiring, as going conetm*. the I- Viable and AVell-known "Empire Ilotd," in Will. i;-l ?• Wellington; the picturesque and fur-tow.'" >'•« Gartlens and Hotel," situate at Lower Hutt. alio ;ii. : ini. jinlii o roGldcnce ov private hotel lyiown Mf leoaitiy erected in Ghuzncc Street, Wellington; and o£ carrying on, consolidating, and extending their trade or business, and generally ot carrying out the objects mentioned in the Memorandum ol Association of the Company. The value ot tk assets to be. acquired by tlio Company has been fully reported upon by mil-known, experienced, and reliable experts, and the following is a fail' summary o! tlioir reports:— "Tns Emmbk Hotp.li" Land, Buildings, Furnishings and Goodwill £111,200 Stock of Wines, Spirits, he 1,000 11 The Bejjjsvce Horn asd Gaiideks" and Furnishings 21,239 Stock ol Wines, Spirits, A'o .. 250 " The Masbios's," Buildings, Furnishings, &o. 10,5411 4 Total .. .. £144,229 These figures, based on thoroughly reliable estimates, show a surplus of £14,229 over and above the. purchase price to be paid by tbe company. "The Empire Hotel." This palatial hotel, recently built and re-constructed, may umbo classed as equal to any establishment of its kind which the Southern Hemisphere can lioast of. The position of this building may be said to be the most valuable in point ot situation and convenience which could be selected for private or public enterprise out of llie tvliole of the. Capital City of New Zealand. The "Empire" lias frontages to two of the most important business streets of Wellington City- Willis Street on the one side and Victoria Street on the olht-r—ami to each ot these streets it presents a handsome and imposing front. The area covered by the hotel represents a length from street to street of 100 feet, and the frontages to Willis and Victoria Streets are 75 feet and 71 feet resp lively. By no possible Illicit: lion can such a site as that on which the Empire Hotel stands be otherwise than materially enhanced in value in years to come. 9 "The Belleyue Hotel and Gardens," At the present time, a journey of thirty minutes by train am ten minutes 1 wall; from the Lower Hutt railway station brings the visitor lo the gates of this Hotel and Gaulens-a truly magnificent property of some sixteen acres, with a frontage of about 1300 feet to tlie main W'aiwetu ltoad, which is one of the principal thoroughfares of the Unit Valley. The' liellevue Gardens arc unique in New Zealand, being as they are, tin- only private botanical gardens on a large scale iv the Colony. A carriage drive, shaded on either side by line old trees, and (ringed with graceful ferns, lends to the hotel—a veritable old Engiish manor house—standing in the midst ot emerald green lawns, llower beds resplendent with gorgeous blooms of eveiy shade and hue; shady arbors and quaint summer-house- "vcr which trail sweet-scented roses, interesting avenues ol l'P'V. tteis and shrubs brought from - "•'i'Dcre arc nearly all varieties of New Zealand tree- ii: fesgrounds. The straightening of the Hutt Mway lifts been agreed to by Parliament, and'this important public work has already begun. The improvement of the Hutt ltoad is a work also to be put in hand immediately. It is neodless to say that tho'Bollovuc Hotel and Gardens will immensely profit by these improvements. " The Mansions." One of the finest establishments of its kind south of tho line is the handsome new boarding-house known as " 'l'he Mansions," situated in Gli'tznee Slrccl. Tho lino proportions ol 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. The building, which is three storeys high, of brick and stucco, has a frontage of 47 feet (i inches to Ghuznco Street, by a depth of Cli feet if inches. Tho furnishing is of the most palatial character, M nw* ho seen from "'i fact that it lias cost nearly £4,000. Financial Aspect. THE EMPIRE HOTEL. The fullest investigation of the books and accouuw i'i the Empiro Hotel has been made by Messrs. Badliam & Biss, professional accountants and auditors, Wellington, Their report shows that from June, 1899, to October, 1903, the receipts totalled £83,20(5, against disbursements, £51,371, leaving a not profit of £81,885. Tho following is a copy of a supplementary- report from Messrs. Badhain A Biss, showing tho receipts for the four months irem the Ist November, 100?, to tho 2flth February, 1904

Willi more accomodation sivailublo, which tile addition of .mother story would give, ooupluil with the large economies which c-iin undoubtedly'be effected under the consolidation, the not profits should l>c increased by fully 50 poi' cent. RECEIPTS OF "THE'MANSIONS.'' The receipts o! 11 The Mansions" amonntert for tbo past eight months, to £2,134 19s. Od., und the expenditure to £1,021105. fld., loiiv'mg ft surplus of £313 '2s. 3d. It must he borne in mind that the house is a new one, opened on the Ist August, 1903, and that these figures represent the returns for Ilia period in which the house was started, and before it can bo said to have been in full working order. '''he following is a copy of Messrs. Badham & Kiss's report:— "Wellington, " April Bth, 1901. •We hereby eortify that, having examined the hooks in connection with (ho establishment known us" The Mansions," Glmzncc Street, Wellington, we find the receipts for the past eight months, from August Ist, 1903, to March 31st, 1901, amounted to £2,134195. od., and the expenditure to £1,621 10s. 9(1., leaving it surplus of £513 2s. 3d,; but ha the above figures no amount has been included for Intern* >n oapitnl invested in the business "BAJJHAM <fc BISS, " Professional Acoountanb: 1 RECEIPTS OP THE "BELLEVUE" HOTEL & GARDENS. Tho receipts of the" Bellevuo" Hotel and Gardens, from Ist .m 2!)th February, 1904, amounted to £10,221 0s 4d, ih® expenditure was £8545 7s 7d, ls&ving a surplus of l);:riug raitowpiifl'<vmi»ion to the grounds, and £4lO 9s Od was realised for fewer*. In the expenditure is iucluded tho sum of £1(109 I'Jj IOJ, which is an extra outlay incurred in repairs, upkeep, and generally improving the property. .» The Values of the Properties. As to the values of tho thico properties, reports on QjbUl liavo been obtained from the leading valuers of the city, men who are woll known in Wellington for their absolutely unbiased judgment, skill, and experience in this class of business for a long poriod of years, and generally their" bedrock" valuations. The whole of these three properties haye been carefully valued, and there is no doubt that if sold in tho 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 poEßlbilitios_ ol the company must bo very great indeed, and that its earning facilities, which are already so high, must be materially enhanced in the immediate future. Early application for shaves is invited, and should bo forwarded to the brokers, acoompanied by a cheque for £1 on shßts Copies of Prospectus may be obtained from the soveral brokers of tho Company, or tho Veudor, Mr Horriaan. The brokers will be glad to givo any furthor information desired

D CP Hop mms* &NffIUIUC!; . .JkfclMfej

GET YOUR . . AT THE WAIHI DAILY . TELEGRAPH OFFICE BYMONDS STREET AND KARANGAHAPE ROAD. REPAIRS IN ALL BRANCHES CAREFULLY ATTENDED TO SIGHT TESTING my specialty Glasses accurately fitted. Satisfaction guaranteed. E. READ Consulting Optician.

pLAXER'S NAVY GUT TOBACCO Ask for it. Thames "fiiactioal" school OF BHOBI!HaHD. MI S s V? ITjo 0 X Offioo—ln Mr Moss's Chambers, above Wylio nnd Co.'s. Shorthand: Individual tuition. Coach' ini; for examinations hold undor au»picos of Auckland Technical School; 60 °{, cci" tifioates (jainod by pupils for 1903 'lypkwriting; Machines always available. Testimonials, Keports, etc., with carbon copies, typewritten accurately and quickly BooK'KKEJiNS: Instruction in sinfilo ontry and'doublo entry. PENMANSHIP: Instruo. lion in Favian, vertical, and other ejs 1 terns, Nmht School: For youths with neglected education —rending, writing, aritkmotio, rail offioo work,~Coutmorciul gortfipondouoe and prtoin writing, Tjr»ui ia applioitlen,