Page 4 Advertisements Column 5

Waikato Times, Volume XX, Issue 1698, 24 May 1883, Page 4

Notices.

PROSPECTUS OF VEW ry EALAND TRON AND OTE^L /COMPANY (Lim; iu>.) CAPITA! £200,000. 40,000 SHARES OF £5 EACH. 12,000 SHARES 10 HE ALI.OIED AT PRESENT, VXD 1 HE 11ALANCE WHEN HIS FOUND NECESSARY TO EN'L\RGE THE AVORKS. The Shares Held in Reserve will be Allotted to the Shareholders at Par, in Proportion to the Number of Shares Held.

DIKI-CTOKS I CLARK, TAMILS MeCOSH, Auckland MONK, CAPTAIN JAMES, Auckland MORRIN, 1 HOMAb, Auckland CHAMBERS, JOHN, Auckland DAWSON, WILL! UI, Wellington HOLDSHIP, GEORGE, Auckland KEEP, J- H., Auckland GARDNER, GUY H., New York. -Sor ichoks : WH I TAKER, RUSSELL, and BUDDLE, Bwkkks : BANK OF NEW ZEALAND. bi LKinAin pio fnn : JAMES MACFARLANE. Till'. Nl'W Zl ALAND IkO.N AND Sti U. Compani (Limulu), 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. Gardnei. 'lhc practicability of these patents having been fully pro\ed by the works at present in operation at Onehunga, there remain but two points to be considered— \iz , Ihe 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, \°u, labour, coal and raw materi.il. Ihel aw material is almost a nominal cost to us. lhc coal will cost no more here th in in England, for it is intended to use only gas tor all heating purposes in the works, which call be produced by means of gas generators from slack or any blown coal at a far lower cost than the same amount of heat can be obtained from burning coal. Labour is then llie only item which will cost more here than in England, and we have to < onsidcr "hat advantage we possess to countcrbal nice this greater cost. Ihcse advantages consist (Ist) in situation, by which we sa\e 10 per rent on the Homo cost winch is absorbed in commission, insuiance, exchange and intcicst, and outw.ird freight, as the freight from Auckland or Onehunga to different places in the Colony will be no more than the charges in England in bringing the iron from the mills by rail and caitage and shipping charges in London ; (2nd) m our process, by which we sa\c cost of fettling (or wrought iron sciap), which in puddling fiom pig has to be put into the furnace, and the cost of making the pig ind the waste of the same in puddling, 'ihis is a most important item in our favour, and would be alone sufficient to counterbalance ihe greater rost ot labour, for by the patents undei which this company will work, the same result is obtained irom ironsand as is obtained from pig iron, thus saving the expense of making the pig. 'ihe difference in rost between pig iron in England, suitable for making good bar iron, and the ironsand at Onehunga being fully tfss 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 ot w.iges in this Colony, we ha\ c :—: — Ist— lo per cent on the Home cost— say £ 7 .. 14s 2nd— bawngin freight 25s 3rd— baving ot fettling . ... . ... 3s 4th— Saving of cost of making the pig ... 350 5th — Saving of manufactured' profits ... 7s 84s 1 lie total rost of labour in manufactuiing pig iron into finis'' od bar 1 - in England is under 35s per ton; so that if the cost of labour here is c\ en as high as 60s there remains a 1 irge margin otproht It is estimated ih.it the tot il cost of the best finished bar uon at Onehunga will be undergo per lon. THE M VRKET. 'lhc production of cheap iron opens so laige a field ot industry th it it is impossible to estimate the future of this trade. It is .in undoubted fict that bar iron can be made from ikonswd mori CrlL\Pl\ IH\N IROM AN\ OIHKRORIi. Ihe supply of raw mateiial is unlimited, and New Zealand should become one of the largest iron 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 imported into Australasia in 1832, was as follows :— Australia. New Zealand. Total. Tons. Tons, Bar Iron ... 44,500 0,250 63,760 Fencing Wire . 40,000 0,500 40,500 Gahanisedlion 37,(«0 8,000 45 OSO I'iglron .. 24,500 4,000 23,500 Plate- lion ... 0,250 1000 10,250 Wire Nails ... 6,750 2,750 9,500 Hoop Iron ... 3,750 850 4,000 Sheet Iron ... 3,500 _ 000 _ 4,100 Ihcse figuies do not include i'asminiaor West Austialia. Ihe piosent cost of South St iffordslurc iron which is tnmcisill) used in these culomo, i-> £7 10s f. o b, London, costing delivery in New Zealand about £\) 10-, which is one ot the lowest ptic i-s for many vears, owing to the depression of the uon industries in England. Auckland uon at £S, f. o. b,, would thus keep out the impoited uon, and leave a laige piofit to the manufat lureis. It is also proposed to manufacture the iron into a few articles which are largi-lv used, such as font ing stand.ii ds, fish-plates, railway spikes, &c , on which a larger profit can be made. Fencing standards cost in the South Island about /"ll per ton, and are used to the extent of oxer 30UO tons per annum, and in other lines laige quantities can be sold at better profits than can be made on b.ir iron. Fencing wire being piotected by a duly of £1 pei ton. and by a large cost ot importing, offers a profitable field of indiistn, and it is proposed to add this line to the products of the company as s oon as the above operations are at woik Ihe slag from the puddling furnaces, if it contains a sufficiently high percentage of iron, will be smelted in an oidin.uy blast furnace, and run into pig iron, thus util sing all the waste products. S>dnc} r.nd Melbourne will talc a laige quantity of iion from us, as low Heights are casil} obtained to those colonies. It is expected th.it New Zealand iion can be sent to England and the United States at \cr> piohtable prices, as the iron made trom sand in the United States bv tins process is found to be of so suppnoi a quality for m iking high-priced steel, that the whole of it is consumed by that branch ot industry, and the price paid would Meld us a large profit. India, (Jhini, Japan and San Francisco open fields foi exportation, which we may shortly hope to compete for, as our location is most favourable for them as a basis of supplies, and at certain seasons of the j ear freight can be had at a merely nominal rate ; and a spocdj enlargement of the works, as the requirements of the trade may demand, is provided for in the 25,000 unallotted shares. 'Ihcse shares when allotted, will be offered to the stockholders at par in proportion to the shares held. '11ns Companj will take o\cr the concessions obtained by Messrs Chambers and Gardnei, consisting of 1000 acres of land, and four miles of foreshore on the North Head and two mi es of foreshore on the South Head of Manakau Haibour, and three miles of foreshore at Taranaki, which will supply all the irons md necessary for m »ny years to como. No other place on the West Coast offers such facilities for cheap coal and ready transportation of the finished product as Onehunga, as from its location we can ship from either the K ist or the West Coasts, and from the North Head the sand can be put into barges at anj state of the tide or we it her, without going outside the Heads, and brought to our own wharf. These considerations make these concessions particularly valuable, while the lease at faranaki will be available for the m.inufacture of charcoal it on, 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. The patents owned by Messrs Chambers and Gardner are so essential to the manufacture of iron bv the direct process, that it is impossible to manufacture iron trom ironsand in 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 8000 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 £4. 9000 shares are at present offered to the public, payable as follows :— los on application, 10^ on allotment, and 20, at intervals of 3, 6, and 9 months, the remaining 20s at an interval of not jess than three months after the last call ; but it is not anticipated that it will be necessary to call 'up more than £i per share. In view of the many a-dvantajjes 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 practWlly 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 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. C Cooper 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 lataly undergone a thorough overhaul, aud the servio.es of an experienced marker having been'obtained, customers will not fail to appreciate the change,