Page 4 Advertisements Column 5

Waikato Times, Volume XX, Issue 1699, 26 May 1883, Page 4

Notices.

PROSPECTUS OF YEW yEALAND TRON AND QTEEL /COMPANY (LIMirKD ) CAPITA t ./200.000. 40,000 SHAKES OF £b EACH. 12,000 SHARES 10 hE ALUM ED AT PREKENIWNDTHE MA LANCE WHEN Il'IS FOUND NECESSARY TO ENLARGE IHE WORKS. The Shares Held in Reserve will be Allotted to the Shareholders at Par, in Proportion to the Numfcer of Shares Held. Directors : CLARK, TAMES McCOSH, Auckland STONE, CAITAIN JAMES, Auckland MORKiN, IHOMAS, Auckland CHAMBERS, JOHN, Auckland DAWS.ON, WILLIAM, Wellington HOLDSHIP, GEORGE, Auckland KEEI J . J. H., Auckland GARDNER, GUY H., New York. Soiicnons : WHUAKER, RUbSELL, and BUDDLE, Banki'rs : BANK OF NEW ZEALAND. Skcrliarv//c tern : JAMES MACFARLANE. 9 The Ntw Zpalanu Iron and Stkel Comi'\\Y (Limited), is oigantscd 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. lhc practicability of these patents having been fully proved by the works at present in operation at OnchutiK'fi, there remain but two points to be considered- \i/. , lhe cobt of manufacturing and the market for the product. THE COST. In estimating the cumpaMthc cost of manufacturing iron here and in England, there are three items to be considered, \iz, labour, coal and raw matcn.il. lhe ran material is almost a nominal cost to us. 'lhe coal will co-<t no more here than in England, for it is intended to use only gas tor .ill heating purposes in the works, which can be produced by means of gns generators from slack or any blown coal at a tar lower cost than the same amount of heat tan be obtained fiom burning toal. Labour is then the only Hem which will cot more here than in England, and uc have to consider wli.it advantage we possess to counterb il.incc this greater cost. lhesc advantages consist (Ist) in situation, by which we s.i\c 10 per cent on the Homo cost which is absorbed in commission, insurance, exchange and interest, and outward Ireight, as the ft eight 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 milM by rail and cartage and shipping charges in London ; (2nd) in our process, by which we sn\e cost of fettling (or wrought iron scup), which in puddlinir from pig has to bo put into the furnace, and the cost ol making the pig and the w.i-ite of the same in puddling. This la a most important item in our favour, and w mild be alone sufficient to counterbalance lhe greater cost of labour, for by the patents undei which this tompnny will work, the >.amc result is obtained irom ironeand as is obtained liom pig iron, thus saving ihe expense of making the pig. 'lhc difference in cost between pig iron in Enjjland, suitable for making good bar iron, and the ironsand at Onchung.i being fully 'ins per ton in our favour. . If, then, we take the amount of saving which wo have by our process and situation to counterbalance the greater cost of wages in this Colony, we ha\e :—: — Ist— lo per cent on the Home cost— say £7 .. 14 S 2nd— bay ing in fi Light 25s 3nl—baung ol fettling . ■• 3s3 s 4th— Savmt: of cost ol makinjr the pig .. 35* full— Saving of manufacturer' profits ... 7* SI.. The total cost of labour in manufacturing pig iron into fini*A -d bars in England is under 35s pel ton , so that it the tost ot labour here is even as huh as O'Os there rcm uns .i 1 ii|_-o m irjjin ol proht It is estimated ihnt the H>t il i <»t of the best finished bar iron at Onuhunjja will be under £ti pir ton. THE M\RKKI\ lhe production ul ( heap mm opens so laige .1 held ol mdiistrv th it it is impossible to cstnii ite the future of this trade. It is ..n undoubted fact that b.ir iron can be mado Irom ikonswd mori CHI \l'l \ 111 VA 1 ROM \N\ Ol HI R OKI . lhe snpplv of raw mateiial is unlimited, and New Zealand should become one of the largest iron prod ucmif countries in tlic vvoild. , 'lhe in my branches of manufai ture, of which cheap iron is the prune essenti ■1 , will no d>iubt spring into lite now lhat Loth iron and coal ma) be obtained in New Zealand, and with the supply so will the dtmand increase. The amount of iron imported into Australasia in 18S2, was as follows :— Australia. New Zealand. Total. Tons. lons. liar Iron ... 44,500 9,250 53,750 Fencing Wire .. 40,000 9,508 40,500 Galvanised Iron 37,0b0 8,000 45 OSO Pig Iron ... 24,300 4,000 2rf 000 Plate Iron ... 9,250 1000 10,250 Wire Nails .. 0,750 2,750 9,500 Hoop Iron ... 3,750 8">0 4,000 bh. et Iron .. 3,500 GOO 4,100 These figures do not include Tasin inia or West Australia. ihcpiesent cost of South St iffordshsre iron vvliuh is universally used in tin sc colonies, is £1 100 fob, London, costing dehveiy in New /caland about £9 ]0-, which is one ot the lowest puces for in.ui> years, owing to the depression of then on industries in England. Auckland iron at £$, f. o. b,, would thus keep out the imported iron, and leave a large profit to the manufacluicrs It is also proposed to manufacture the iron into a tew articles which are largely used t> such .is fen< ing standards, fish-pl itcs, railway spikes, &c, on which a larger profit can be m ide. Fencing standards cost in the South Island about j£ll per ton, and aie used to the extent ol over 3000 tons per annum, and in other lines large quantities can be sold at better profits than can be made on bar iron. Fencing wire being protected by a duly of £1 pel ton, and by a large cost of importing, offers a profitable field of industry, and it is pioposcd to add this line to the products of the company as soon as iho abova operations arc nt vvoik Ihe sl.ig from tho puddling furiMcos, if it contains a, .sufficiently high percentage of iion, will be smelted in an ordinary blast furnace, and run into pig iron, thus utilising all the waste prcOuctJi t>)iim y .-»: id Melbourne will tale a large quantity nl nun fmm ih, as low fi eights me easily obtained n> thiut' inlrmlusi It is expected that N'uvV Zealand iron can be sent to England and the United htii^ at verj pi odtable pin es, as the iron made fiom ••and in the United States bv this pi oresb ib found to be of so siiperii.r a qu ility for miking hi^h-priecd steel, that the whole ot it is consumed 1>) that branch tf industry, and the price paid would jield us a larfjc profit. India, Linn i, lap in and .San Francisco open fields for rvpnrt.tlinn, winch we m i) shortly hope to compete' for, as our jocaton is most favourable fur them as a b.i^is of supplie-s, and at certain seasons ot the v ear height tan be had at a meiely nominal rate, and a speed) enlargement ot the woiks, as the requirements of the trade m.i) demand, is provided for in the 23,000 unallotted shires, 'lhcse sh.ues when allotted, will be offered to the stockholders at par in pioportion to the shares held. 'lhis Compan) will take over the concessions obtained liv Messrs Chambers and G ndncr, consisting of 1000 acres of land, and tour miles of foreshore on the North Hea 1 and two mi es of foreshore on the South Head of Man ikau Harbour, and three miles of foreshore at I'aranaki, which will supply all the irons md necessary for mmy ) cars to conic. No other place on the West Coast offers sue h facilities for che.ip coil and rc.idy transportation of the finished product as Onehunga, as from its location we c in ship from either the Kast or the West Coasts, and from the Noiih Head the •■and 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 1c .scat Tann.iki will be available for the manufacture of chare oal iron, as a good quality ot charcoal can be obtained in thit district at a reasonable price. The New Zealand Government his offered a bonus of £1000 for the first 200 tons ot wrought iron blooms, and an additional £1000 for the first 200 tons of pig iron manufactured from ironsand, which this Company will secure lhe patents owned by Mcssis 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 tho company a virtual monopoly. Of the first allotment of shares Messrs Clumbers and Gaidner will ieccive v for theii New Zealand patents 3000 sin res paid-up to £i, and in future allotments of shares up to 40,000 in all, 25 per cent of such allotments paid up to £4. 9000 shares aie at present offered to the public, pajablcas follows :— HK on application, 10> on allotment, and 20-. at intervals of 3, C, nnd 0 months, the remaining 20s at aft 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 £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 practical!) unlimited suppl) 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. \J. 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.

HTIHE BILLIARID~.ROOM~and TABLE , JL 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 ajjm.reQ.ia.te. th,e change, „ , ,