Page 4 Advertisements Column 5

Waikato Times, Volume XX, Issue 1697, 22 May 1883, Page 4

Notices.

PROSPECTUS OF NEW r7EALA.ND TRON AND , JU\'S . I '±' ! QTKKL /"COMPANY ' * i (LiMrrbD.) CAPHAL £200,000. 40.000 SHARES OF £5 EACH. 12,000 SHAKIib 10 HE ALLOTED AT PRESENT, AND 1 HE BALANCE WHEN Il'IS FOUND NECESSARY 1 TO ENLARGE THE WORKS. The Shares Held in Reserve will be Allotted to the Shareholders at Par, in Proportion to the Number of Shares Held.

Directors : CLARK, TAMES McCOSH, Auckland STONE, CAPTAIN JAMES, Auckland MORRIN, THOMAS, Auckland CHAMBERS, JOHN, Auckland DAAVSON, WILLIAM, Wellington HOLDSHIJ?, GEORGE, Auckland KEEP, J. H., Auckland GARDNER, GUY H., New York. Somctiors : „ WH I TAKER, RUSSELL, and 13UDDLE, BINKKRSB 1NKKRS . BANK OF NEW ZEALAND. Slckuiary//o (em : JAMES MACFARLANE. The Nlw Zkaland Ikon and Sti.ll Company (LtMULD), is organised to manufacture Bar and Pig Iron and AN ire from the iron sand deposits on the West Coast, by means of the patents owned by Messrs John Chambers and G. H. Gardnei. . The practicability of these patents having been fully proved by the works at present in operation at Onehunga, there remain but two points to be considered— %i/ , the cost of manufacturing and the market for the product. THE COST. In estimating the comparative cost of manufacturing iron here and in England, there arc three items to be considered, vi/, labour, coal and raw material. The raw material is almost a nominal cost to us. The coal will cost no more here, than in England, for it is intended to use only gas for all heating purposes in the works, which can be produced by means of gas generators from slack or any brown coal at a far lower cost than the same amount of heat can be obtained from burning coal. Labour is then tho only item which will coat more here than in England, and we have to consider what advantage we possess to counterbalance this greater cost. These advantages consist (Ist) in situation, by which we save 10 per cent on the Home cost which is absorbed in commission, insurance,' exchange and interest, and outward Ireight, as the freight from Auckland or Onehunga to different places m the Colony will be no more than the charges in England in bringing the iron from the mills by rail and cartage and shipping charges in London ; (2nd) in our process, by which we save cost of fettling (or wrought iron scrap), which in puddling from pig has to.be put into the furnace, and the cost of making the pig and the waste of the same in puddling. This is a most important item in our favour, and would be alone sufficient to counterbalance the greater cost or labour, for by the patents undei which this company will work, the same result is obtained from iionsand as is obtained iron) pig iron, thus saving the expense of making the pig. Ihe difference in cost between pig iron in England, suitable for making good bar iron, and the ironsand at Onehunga being fully 35s per ton in our ta\ our. . If, then, we take the amount of saving which v\e have by our process and situation to counterbalance the greater cost of wages in this Colony, we ha\e .—. — 1st — 10 per cent on the Home cost — say £ 7 . 14s 2nd— having in freight 25s 3rd— Saving of fettling 3s 4th— Saving of cost of making the pig ... 3os sth— Saving of manufacturers profits , . 7s Sis The total cost of labour in manufacturing pig iron into finished bars in England is under 35s per ton , so that if tho cost of labour here is even as high as 00s there remains a large margin of profit It is estimated that the total cost of the best finished bar iron at Onehunga will be undergo PCrtOn> THE MARKET. The production of cheap iron opens so laigc a field of industry that it is impossible to estimate the future of this trade. It is an undoubted fact that bar iron can be made from ikonsand mori Ull VIM Y lIIW I ROM VN\ OlJll R ORB. I lu> supply of raw matciial is unlimited, and New Zealand should become one of tho largest non producing countries in the woild. Ihe many branches of manufacture, of which cheap iron is the prime essential, will no doubt spring into life now that both iron and coal may be obtained in New Zealand, and with the supply so will the demand increase. The amount of iron impoited into Australasia in 18S2, was as follows •— Australia. New Zealand. Total. Tons. 'lons. Bar Iron . 14,500 0,250 53,750 Fencing Wire 40,000 0,500 10,500 Galvanised Iron 3~,000 b,OOO 43,080 Piglion .. 21,500 4,000 2d,500 Plate Iron ... 0,250 1,000 10,250 Wire Nails ... 0,750 2,7')0 0,500 Hoop lion . 3,750 Sr>oS r >0 4,600 Sheet lion .. 3,500 000 1,100 JL In se figuies do not include Tasmania or West Austi.ilia. Ihe present cost of South Staffoidslurc iron which is universally used in those colonies, is £7 10s i. o. b , London, costing delivery in New Zealand about £ r ) 10s, which is one of the lowest prices for many }cars, owing to the depiession of the iron industries in England Auckland iron at £3, 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 articles whtch are largely used, such .is fencing standards, fish-plates, railway spikes, &.C., on which a larger pioflt ran be made. Fencing standa r ds cost in the South Island about £11 per ton, and are used to the extent of o\et 3000 tons per annum, and in other lines laigc quantities can be sold at better profits than can be made on bar iron. Fencing wire being protected by a duty of £1 pel ton, anrf by a laitfe cost of importing, offers a profitable held of industry, and it is proposed to add this line to tho products of the company as soon as thu above operations are at work I lie slag from the puddling furnaces, if it contains a sufficient)) high percentage of iron, will be smelted in an ordinal y blast furnace, and inn into pig iron, thus utilising all the waste products. Sjdnev and Melbourne will talc a large quantity of iron fi om us, as low fi eights are easily obtained to those colonies. It is c\pcf ted that New Zealand iron can be sent to England and the United States at vcrj profitable pi ices, as the iron made from sand in the United States by this pi ocess is found to be of so superior a quality for making hijjh-pnccd steel, that the whole of it is consumed b} that bianch of industry, and the price paid would yield us a large profit. India, Chim, Japaii and San Fianasco open fields for c\poi tation, which we may shortly hope to compete tor, as our location is most favourable for them as a basis of supplies, and at certain seasons of the) ear freight can be had at a merely nominal rate ; and a speedy enlargement of the works, as the requirements of the trade may demand, is piowdcd tor in the 28,000 unallotted shares 'Ihese shares when allotted, will be offered to the stockholders at par in proportion to the shares held. lhis Company will take over the concessions obtained by Messrs Chambers and Gardner, consisting of 1000 acres of land, and lour nulcs of foreshore on the Noi th Head and two mi'cs of foreshore on the South Head of Manakau Harbour, and three miles of forcslioic at faranaki, which will supply all the iroi.s tnd necessary for many ) ears to come No other place on the West Coast offers such facilities for cheap coal and icady transportation of the finished product as Onclmnga, as from its location we can ship from cither the East or the AVcst Coasts, and from 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 particularly valuable, while the lease at Taranaki will be available for the manufacture of charcoal iion, as a good quality of charcoal can be obtained in that district at 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 manufactured from ironsand, which this Company will secure. '1 he 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 m payable quantities without them, thus securing to the company a virtual monopoly. Of the first allotment of shares Messrs Chambers and Gardner will receive for their 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. 0000 shares are at present offered to the public, payable as follows :— los on application, 10a on allotment, and 20s at intervals of 3, 6, and 9 months, the remaining 20s at an interval of not less than three months after the last call , but »t is not anticipated that it will bo necessary to call up more than £ 4 per share. In view of the many advantages which we possess— a large and constantly growing market at our doois, and separated by so many miles from its present base of supplies, a practically unlimited supply of ironsand, suitable coal at a low price close to hand, and the cheapness of our working— we have no hesitation in offering the shares of this comparjy 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. V/OOPER Hereby informs the Waikato public that Ledgers, Cash and Day Books are ruled and bound to order; Music, Scrap and, FerirßooksjjUbuins, arid Portfolios are made, repaired and bound in a superior style at the above address. ' •

THE,EILDIARD ROOM and TABLE, ' t the Royal, Hotel having lately undergone a thoipugh^ overhaul, and theservice's 'of aii' experienced marten haying J been obtained^ cijstoiners will.not fail to ajjpvdoiate'tne oblige,--' ' ;,, , ip . r