Page 4 Advertisements Column 5

Waikato Times, Volume XX, Issue 1696, 19 May 1883, Page 4

'Noticed '

T> & 6 S P E 0" T tJ !S! S X. ' * 'OF ' Ew 7 EALA.ND, ; THON AND QTE'LL, (LiMU'uii.) 4 ' _ li > CAPirAI i £200,0Q9. 40,000 SHARES OF £6 EACH. ' 12,0 U SHARES '10 HE ALLOTED AT *>RESENTjAND THE BALANCE WHEN II" Ib FOUND NECESSARY 10 ENLARGE THE WORKS. The Shares Held in Reserve will be Allotted to the Shareholders at Par> in Proportion to the Number of' Shares Held. Diklciors : ~ CLARK, TAMES McCOSH, Auckland STONE, CAPTAIN JAMES, Auckland MORRIN, I'HOMAJs, Auckland CHAMBERS, JOHN, Auckland DAWSON, WILLIAM, Wellington HOLDSHIP, GEORGE, Auckland KEEP, J. H., Auckland GARDNER, GUY H , New York. Solicitors : WHITAKER, RUSSELL, and I3UDDLE, BANKPRS : BANK OF NEW ZEALAND. Seckuiary P>o tern : JAMES MACFARLANE. The New Zealand Iron and Steel Company (Limiild), is organised to manufacture Bar and Pig Iron and Wire from the iron sand deposits on the West Coast, by means of the patents owned by Messrs John Chambers and G. H. Gardner. . The practicability of these patents having been fully Droved by the works at present in operation at Oiichunga, there remain but two points to be considered- \iz., the cost of manufacturing and the market for the product. THE COST. In estimating the comparative cost of manufacturing iron hcic and in England, there are three items to be considered, viz, labour, coal and raw material. . Ihe raw material is almost a nominal cost to us. Ihe coal will cost no more here thin in England, for it is intended to use only gas for .ill hD.iting purposes in the works, which can be produced by means of gas generators fiom slack or any brown coal .it .i far lower tost than the same amount of heat can be obtained fiom burning coal. Labour is then the only item which will cost mere here than in England, and we ha\e to consider what advantage we possess to countcrbilanco this greater cost. .... lhese advantages consist (Ist) in situation, bj which we save 10 per cent on the Home cost which is absorbed in commission, insurance, exchange and interest, and outward freight, as the freight from Auckland or Onuhungn to different places in the Colony will be no more than the charges in England in bringing the iron from the mills bv rail and cartage and shipping charges in London ; (2nd) in our process, bj which we s.i\ccost of fettling (or wrought iron scrap), which in puddling from pig has to be put into the furnace, and the cost ot making the pig and the waste of the same in puddling. 11ns is a most important item in our favour, and would be alone sufficient to counterbalance the greater rost ot labour, for by the patents undei which this company will woik, the .same result is obtained iiom ironsand as is obtained tiom pig iron, thus saving ihe expense of making the pi"- 'ilic difference in cost bet.veen pig iron in England, suitable foi making good bar iron, and the ironsand at Onehunga being fully 3os per ton in our favour. . If. then, we take the amount of saving which we have by our process and situation to counterbalance the greater cost of wages in this Colony, we have:— Ist— lo per cent on the Home cost— saj £7 ..14s 2nd— Saving in Irciglit 25s 3rd— Saving of fettling .. _ o ; >-> 4th— Saving of cost of making the pig ... jJs s_h— Saving of manufacturers' profits ... 7s 81b Ihe total cost of labour in manufacturing ing lion into finished bars in England is under 35s per ton ; so that if the cost of labour here is even as high as OOj thcio remins a 1 irgc margin of proR It io estimated that the total cost of the !>est hnishi d bar iron at Onehunga will be under £b per ton. THE MARKET. The production of cheap lion opens so large a field ot industry that it is impossible to estimate the future ol this trade. It is an undoubted tact th it bar iron can be made from ikon&\nd moki Clll MM \ IIIW IKOVI AN\ OIIII'R ORI'. Ihe supply of raw matcnal is unlimited, and New Zeal in'd should become one of the largest iron pioiiiicinjr countries in the vvoild. The m my branches cf manufacture, of which cheap iron is the prime cssenli il, will no doubt sprin , into lile now that Loth iron and coal may be obtained in New Zealand, and with the supply so w 11 the demand incicase. The amount of iron imported into Australasia in 1882, was as follows :— Australia. New Zealand. Total. Tons. J ons. Bar Iron ... '11,500 0,250 53.750 Fencing Wire .. -10 000 0,508 40,500 Galvanised Iron 37,060 8 000 45 OSO Pig lion . 24,500 4,000 28 500 Plate lion ... 0,230 1000 10,250 Wne Nails . 0,750 2,750 9 500 Hoop lion .. 3,750 SW 4,000 Shift lion 3,500 000 4,100 1 hose hgurcs do not include Tasmania or West Australia 'Ihe present cost of South Staffordshire iron whiih is univiM sally used in these colonies, is £7 10s f o b , London, costing delivery in Kew Zeal md about £0 10«, which is one of the lowest pneos for many tears, owing to the depression of the iron industiics in Eng land. Auckland iron at £6, f o. b,, would thus keep out the imported iron, and leave a large profit to the manufacturers. It is also proposed to manufacture the iron into a few ailiclcs which are largely used, such as fene ing standards, fish-plates, railway spikes, &.c , on which a larger profit can be mnd<*. Fencing standards cost in the South Island about £11 per ton, and arc used to the extent ol ovei 3(K>O tons per annum, and in other lines lnigc quantities can be sold at bcter profits than can be made on bar ii on. Fencing Wire being protected by a duty of £1 pci ton. anH by a large cost of importing, otters a profitable field of industrj, and it is proposed to add this line to the products of the company .i 1 ! >nin as the above operations are at work Ihe slag from the puddling furn icos, if it contains a sufficiently high percentage of iron, will be smelted in an ordinary hi ist furn.no, and run into ptg iron, thus utilising all the waste products. Sjdnej and Melbourne will taUc a large quantity of iron from us, as low fi eights are easily obtained to those colonies. It is expected that New Zeal md iron can be sent to England and the United State-, at rer> profitable prices, as the iron made from sand in the United States bv this pi occss is found to be of so superior a qu ility for making high-priced steel, that the whole of it is consumed 1)> that branch tf industry, and the price paid would \icld us ,i large profit. India, Llum, Japan and San Francisco open fields for c\p«rtation, which we maj shortly hope to compete for, ,is our locat.on is most favourable for them us a, basis of supplies, and atcert tin seasons of Lhej car freight can he had at a merely nominal rate; and a speed) enlargement of the woiks, as the requirements of the trade may demand, is provided for in the 28,000 unallotted shaies. lhese shares when allotted, will be offered to the stockholders at pai in proportion to the shares held. 'Ihis Companj will take over the concessions obtained bv Messrs Chambers and Gardner, consisting of 1000 acres of land, and four miles of foreshore on the North Head and two mi es of fcireshore on the South Head of Manakau Harbour, ard three miles of foreshore at I'aranaki, which will supply all the irons md nece-jsan, for m .ny jeais to comu. No other plate on the West Coast offeis such facilities for cheap coal and ready transportation of the finished product is Onchiing.!, as fioin its loc.it'on we cm ship fn,m either the East or the West Coasts, and fiom the North Head the sand can be put into barges at an> state of the tide or weather, without going outside the Heads, and brought to our own wharf. These considerations make these concessions particulailv valuable, while the lease at Taranaki will be available for the manufacture of charcoal iton,_ as a good quality of charcoal can be obtained in that district .it a reasonable price. The New Zealand Government has offered a bonus of £1000 for the first 200 tons of wrought iron blooms, and an additional £1000 for the first 200 tons of pig iron m inufacturcd from ironsand, which this Company will secure. The patents owned by Messrs Chambers and Gardner are so essential to the manufacture of iron by the direct process, that it is impossible to manufacture iron from ironsand in pay ible quantities without them, thus securing to the company a virtual monopoly. Of the hrst allotment of shares Messrs Chambers and Gaidner will receive for theii New Zealand patents 3000 shares paid-up to £4, and in future allotments of shares up to 40,000 in all, 25 per cent of such allotments paid up to £i. 9000 shares arc at present offered to the public, pa) able as follows. — 10s on application, 10s on allotment, and 20, at intervals of 3, 6, and 0 months, the remaining 20s at an interval of not less than three months after the last call ; but it is not anticipated that it will be necessary to call up more than £4 per share. In view of the many advantages which we possess— a large and constantly growing market .it our doois, and separated by so many miles from its present base of supplies, a practically unlimited suppl) of ironsand, suitable coal at a low price close to hand, and the cheapness of our working— wp have no hesitation in offering the shares of this company as one of the safest and most profitable investments which has ever been before the public.

BOOKBINDING AND ACCOUNT BOOK FACTORY, Victoria-street West, Auckland. O. OoOPER Hereby informs the Waikato public that Ledgers, Cash and Day Books are ruled and bound to order ; Music, Scrap and Fern Books, Albums, and Portfolios are made, repaired and bound in a superior style at the above address. THE BILLIARD ROOM and TABLE at the Royal Hotel having lately undergone a thorough overhaul, and the services of, an experienced marker having been obtained, customers will not fail to appreciate the change,