Page 4 Advertisements Column 3

Waihi Daily Telegraph, Volume IV, Issue 1056, 2 August 1904, Page 4

STUDY THIS FROM A BUSINESS STANDPOINT "The Empire, Bellevue, & Mansi CONSOLIDATION LIMITED." To be incorporated under "The Companion' Act, 1903." CAPITAL, £160,000-dividad into 30,000 shares of £5 eaoh,of which 4000 aharos, fully paid up, aw to ke allottod to the Vendor; 4000 are reserved for subsequent insue for extensions of business and building purposes, and the remaining 22,000 shares are now olfored to tho public far subscription, payable as followa:-£l per gharo on application, £1 per share on allotment, and tho balanqa in oalls of not mors than £1 per share as may bo required, and at intervals of not less than two months. PROVISIONAL DIRECTORS: CHABLEB F, GItEENSLADE, Esq., Duneilin (Managing Director Speight & Co., Ltd.) ABTHUR R. V. LODDEB, Esq., Wellington (Proprietor City Buffet Hotel). CHARLES H, IZARD, Esq., Wellington, Solicitor (Director Wellington-Manawatu Railway Goj,, Ltd.) ALBERT MARTIN, Esq., M.D., Wellington (Director Equitable Life Assurance Society of U.S.) EDMUND ALLO, Esq., Wellington, Electrical Engineer ami Hydraulic Export HEREMAN LEWIS, Esq., Wellington, Investor CHARLES TRINGHAM, Esq., Wairarapa, Sheepfarmer (Director Wellington Trust, Loan Investment Coy., Ltd,) Who hold office until the first meeting ot shareholders which will he hold not less than one month nor more than three months from the time the Company is entitled to commence business, at which meeting permanent Directors o£ tho Company will be appointed by the Shareholders. BANKERS: The National Bank of New Zealand, Limited. SOLICITOR: J. J. Devine, 1(J. Brandon Street, Wellington. BROKERS: Burr, Leary A Co., Wellington; William H. Turiibull & Co., Wellington; Ilareoiii't & Co., Wellington; Foiwlek Bros., Dunedin, R. 0. Duncan, Christcburch; V. J. Lamer. Auckland; Riclwrd flood), Waihi; Mark Sprot A Co., Grc.ymouth <t Hokitilm; H. Chadwick & Co., Hawkos Bay; C. H. Lewis. I'overty Bay ; J. F. Clark, Nolson ; Bewley A Grifiths, New Plymouth ; R. Brett, South Canterbury; C. L. Duijinn A Co., Wangamii. \ SECHET&RY (pro km): J. S. Schwartz, Colonial Mutual Buildings, Custom House Quay, Wellington. This Company is being formed for the purpose of acquiring, as a going concern three of the most valuable business properties in New Zealand—the large anil palatial EMPIRE HOTEL, in Willis and Victoria streets, Wellington; the beautitul BELLEVUE GARDENS and fashionable Hotel at the Lower Hutt, and the popular Private Hotel known as " THE MANSIONS," in Glmznce street, Wellington. It is proposed to purchase these three properties for the sum of £130,000, of which the vendor receives £55,000 cash and 'IOOO fully paid-up shares; the sum of £55,000 remaining on fixed mortgage. The fact that local companies have a sum of £55,000 on fixed mortgage is an undoubted proof ot the soundness of the securities offered. The value of the assets to be acquired by the Company lip..-; been carefully assessed by well-known and lettable experts;, and a summary of their reports show a total valua of .L'l !i, - Ji'.j. These figures. based on thoroughly reliable e.-iiinates, show surplus of £11,22!) over and above the purchase price to lc; paid by the Company. The intention of the Company is to carry on Hie tlir'e forinesses named on the soundest and most popular linos, and ('■ utilise to the utmost the latest and most modem id«y in hole management. This is an Age of Consolidation, The trend of modem business method; is in iii» dip-ciioi: merging small catK-ms into great, ami thus roencing the expenses of The anip.l.'amation of tin--!' three important properties will enable the joint management to effect a considerable saving in many classes oi Stock, Good:-, Provisions, Ac., which by being purchased in largo quuUities will be secured on much more profitable terms than undc-r separate ownership. The consolidation of the properties will undoubtedly result in Efficient and Economical Management, Increased Business and Increased Profits. As to the value of the thieo assets in this great bnsines:: proposition, first consider "The Empire Hotel." This establishment is the premier hotel in Wellington, and is in point ot situation, architecture, equipment, ami general convenience, oue of the finest hotels in Australasia. It is unique in having two frontages—to the two leading business streets-one to Willis street, and tho other to Victoria street. The position of this building may be said to be the most valuable in point of situation and convenience which could be selected for private or public enterprise in the whole of the capital city of New Zealand. Tho area covered by the hotel represents a leugth from street to street of 1!)0 feet, with a frontage to Willis and Victoria streets of 75 feet and ?1 feet respectively. It consists of four stories and the basement, and contains 125 rooms, 108 of which are bedrooms. Note these Figures! A careful and full investigation ot the books and accounts of tho Empire Hotel libb been.made by Messrs. ISadham and Biss, Professional Accountants and Auditors, Wellington. Their report shows that from June, 18!)!), to October, 1 !)■':! little over four years-the hotel receipts totalled £Si!,2o(i. against an expenditure of £51,371, leaving a net profit of £:il,.s:!'i. exclusive of interest. For the year lflOii the total receipts were £25.1i7l 10s id. For the four months from November Ist, HIOl!, to Februai;, js'.lth, 1901, the receipts vrere £10,571 5s lid. For the month of Jauuary and February, 1(104, the receipts amounted to £5,570 10s lid, which is at the rate of £33,423 per annum, and under the new management will undoubtedly increase at an even greater ratio. The present rate of profit on the Empire Hotel alone represents over 8 per cent, on the entire capital of the consolidation, without taking into consideration at al! t' >: profits from " The Mansions" and" Ballevuo Gardens." " The Bellevue Hotel and Gardens." This wonderfully picturesque estate is not only a popular resort for Wellington people, !>ut is one of the sights of the Colony, and is by far the most attractive of Wellington's pleasure-spots. As a pleasure-place within easy reach of a metropolitan centre" The Jlellevue Gardens" are unrivalled in New Zealand. They are unique. A great feature of the estate is the magnificent BOTANICAL GARDENS, the finest private gardens in the Colony. They present a happy combination of park and flowergarden, surrounding a handsome hotel of the chateau-bungalow type. There are proveß of arboreal ferns, nikau and other paims, trees, shrubs and (lowers from all parts of the globe; ilower-bods in vivid bloom all the your round; the most delightful of shady nooks and rose-embowered arbours and rustic summer-houses. There are sixtaoa aareß in this property. It has about 1,500 fset frontage to the main Waiwetu road, one of the principal thoroughfares in the Hutt Valley. The receipts of "The Bellevue" Hotel and Gardens from Id •taniiary, 1!)02, to 2!)lh February, l!)0-t, amounted to £10,221 (Is 4d. '•'lie expenditure was £3, alii 7s 7d (including £l,li0!) 10s l()d. •;.\lia outlay for repairs, up-keep, and improvements) leaving a •uiriiltu ot £l,l'ils PJsild. During this period 52,1011 visitors paid £1,1102 lis. Cd, for adoissitio to tii'! grounds. The (lowers sold from the Gardens >. :i'ised a :-um of .I'd 1! 9s. There are immense pcssibilitiea before "The Bellevue" 'iripjrty, owing to the straightening of the Hutt railway, now proceeding, which will slnrten the distance by fully one-third, and induce thousands more tourists as well as residents to spend a- holiday at this attractive resort, which has absolutely no viral outside oi the spas in the Thermal Springs Region. "The Mansions." This hixiniim.- boarding establishment is the finest of its class in New Zealand. It combines a handsome exterior with the latest improvements in architecture and furnishing. In every delail it is a well designed, comfortable residence. The palatial character of the furnishing may he gauged from the fact that they cost nearly £4,000. During the eight months ended March ill, l!l0t, tbe total receipts of " The Mansions" amounted to £2,11)4 Ills, and the expenditure to iil.-'i'Jl His Hd, leaving a surplus of £513 2s M. 'file house was only opened on August 1,1803, so that it can hardly lie said to have been in full working order for the whole of the period mentioned, notwithstanding the profits amount already to 8 per cent, on tbe capital invested. Have You Money to Invest? Then Saize This Opportunity. It is an absolutely sound and safe proposition, one that will stand the closest examination, with a certainty of an immediate and continued increase in the value of the investment. It is an exceptional opp.irinnily, offering as it does an interest in what must quickly become the most profitable hotel property south of tho Line. Properties in Wellington are rapidly increasing in value, owing to the City's situation and its great volume of business. This will yield you far batter interest than any other class of pioperty. As an investment you cannot better it, and shares will soon be at a pteniitim. All possible enquiry is solicited, Copieß of the Prospectus may be obtained from Brokers of the Company, or from the Vendor, Mr. Ilerrman Lewis. Intending shareholders will be .'hown over any of the properties. Applications for shares should be forwarded to the Brokers, accompanied by a cheque for £1 on each share as application money. Wellington is advancing enormously. These properties must correspondingly advance in value, and with the increase in profits naturally resulting from consolidation and economy in manage nent tbev offer an unparalleled field of investment. This is no speculation. It is a sound and solid business undertaking, with Big Profits assured. Apply for SHARES AT ONCE. PKIVATK CODfc J ENNOX A|NP HULL STOCK AND BHAREBROKEBS, 1, Fori s'ritEiir, Auckland, I'elcgraphio address: Lennox Hull, Auckland tomera. Wrlta (ot free copy o! nltisWe book about yo» wlrei, your health, your hnppinjss, your futurl. It contain) a full exposition ol the human Bystom cod tho remedies adopbd. No need to comult dootori. foiled free in itiltd ennlone, Kverr mm should ir:»d It. Artdrcs—?6qUß. GoUiand* 8! Flinderß-f.ircst, Melbourne. toToes. No oupil to nonsuit doctors or ihrinisti, The romvdiei vne rrijuin; i'i vour mvi, liaii'ta. Writs lor free copy el wliVJt bos* »lwt yourelrei, four hti!'!!. >."ir Htlu rfl.vlll IViOriWreiiiif Mwii;.Gowihi<".,K l HQUYOa. i ahoulrl ui f.iivciojir. AtWrWrK ATIKATI CO-OPERATIVE DAIRY COMPANY (LTD,), Tho BUTTER of tho abovo Company is to bo had from tho following Grooors at Is per lb It. H. Holmos W, W. Co-op, Society J, Wilcox 6. Moycs M, Moore All other advortisoiuonts as to prico arc spurious. O. E. MAOMILLAN, Secretary, READ BROS., • SYiMONDS STREET AND KARANGAHAPE ROAD. REPAIRS IN ALL BRANCHES CAREFULLY ATTENDED TO SIGHT TESTING my specialty Glasses accurately lilted. Satisfaction guaranteed. <?. E. READ Consisting Optician. o rjIAMAKI JgAWMJLL QOMP A N Y Are prepared to supply all classes BUILDING AND MINING TIMBER Dolivored in Waihi, Waikino, at low rates, R. L, KNIGHT Proprietor. WOODS' GREAT PEPPERMINT »• DURE for Coughs and Colds nevo (ails, h 6d, B (jr. IP" STOCK AND SHAREBROKER Stock Exchangk, Telegraph address,— Mucky, Staarobroker Auckland. Lottor. - Box 34, G.PO, <, ilj'P fl- - tW 111 1 ft a t WtiiSi