Page 4 Advertisements Column 5

Waikato Times, Volume XXI, Issue 1791, 29 December 1883, Page 4

'~ *X..., \J ~ - "^^^ 1l UKA D OI#OE-AND^pfel!skY;^UCK t.ftili. ] p r, t u jri NJfiW ZEALANB,TI?OBACOO GM* and , . * *-;! ? " MA'NttF^CTURING t!OMV&Nif >'* 4 7^LlMlTKIi). #i 4Af ' - x 3* ' , *** Registered midei;^ " The Joint Stock , , Companies Act, 1882." CAPITAL £20,000 IN 4000 MIARES OK io'KACH, Payable as follow s : 5s per Shai c on Application, 5s per ijhuieou Allotment, uml the balance as may be required in sums not exceeding 10s pel Shaie at intervals of not less than l hree , , Months. provisional Directors : John Ballaxce\ Esq., Wangauui Major Georuk, Gentleman, Auckland Feymour Thorn k George, E*q., RJ.H.R., Auckland Arthur Heather, Esq., Merchant, Auckland Hun. E. Mitchelson, M.H.R. Auckland D. H. MoiciiNZiß, E?q, Merchant, Auckland Franz Schkrff, Esq., Merchant, Auckland C. B. .Stosv, Esq , Merchant, Auckland W. R. Wadukl, Esq., Mayor Elect, Auckland,' " Bankers : Bank or New Zealand. Solicitors : VVuiTAKIiR, RIJh'sKLL, AM) BcDJULE. Bioker : BrokukV A.vsoeiA'kox. Sceietary Pro Tern. Fkedk. Nutter. This Company is being foimed for the purpose of fiicouruyiug the Growth of, and for Manufnutunu", Tobacco in the Colony of New Z«bliihu, Yurious experiment have proved thnfc the diuwttj of flew JStnilniul jo pseuMavly adrtpttsdtrt tlits growth ofl'oba^coj ttiul tiiat in the Auckltuul Pt'ovinciul Diatnct the best Jia\ ana leaf uin be grown, nil that" is requited to start a most impoitant and remiiiieiatne local imliibtry i& a sufficient tiiuount of capital. Tlie Colonial Industiieb Con' mission made the lollowing icpoit on the 1 2th day of M til eh, ISSO : — AdfiICULTURAL PRODUCTS.— TOBACCO. "Tlip. most important agiicuJturnl industry which luf) been biou»ht under the notice of the Commission is undoubtedly the cultivation of Tobacco for niauufactuiing put posed. The evidence established the fact that ctny quantity of Tobacco, equal in (jtiality to the finest Amciican, can be giown in New Zealand, and that there is no leason why the whole of the Tobncco consumed in the Colony hhould not ultimately be produced and manufaccmed in it. The in - duotry would afford profitable employment to oottilge famieis, also to women and children who would be engaged in manufacturing, and would utilize Luge tracts of land, which at present are either waste or yielding but little, &c. "The Commission are assured that after five or six years' cultivation and manufacture, Tobacco could be pioduced in New Zealand, equal in quality to any that is now impoited, and thnt the industry once cstiblished, the sameamount of revenue that is now lai&ed by the Customs duty on impoited Tobacco could be laised by means of stamps on the locally-pioduced Tobacco." The final lepoitotthc Colonial Industries and Taiifl Commission, laid before the House ot Representatives on the sth of September, 18S1, on the c'nltuie aiid manufacture of Tobacco, was as fol lows :—: — "That in order to encouiage the growth and manufacture of Tobacco in New Zealand, your Committee recommend that the duty on Tobacco giown within the colony should be minced to One Shilling per lb. for a period of not less than five yeais." In accordnnce with such recommendation, the following section vias inserted into' an Act of the year 18S1, entitled " An Act to alter the Duties of Customs and Excise" : — " In lieu of the,bonua specified in section 12 of the Tobacco Act, 1670,' the following provisions shall take effect on and alter the passing of this act, namely : — The duty on Tobacco manufactured in the Colony shall b<s One Shilling per Pound, and tins rate of duty shall remain in force until the 31st day of December, ISSb 1 ." The present duty on importel Tobacco is Three Shillings and Sixpence per lb., and on Cigais, Six Shillings. It is estimated that about two tons of Tobacco can be obtained from three acres of good laud, and numbers of farmers have expiessed their willingness to entei into contracts for the growth of Tob icco at prices varying from h'vepence to tenpence pf-r pound" for all sound leaf according to quality. The Custom retuins for the year 18S2 show that duty was' paid in New Zealand, during that year, on l,oSo,f>7olbs. of Tobacco, and 58, 97211)8. of Cigars, or 48(Jj tons of Tobacco, ami 39?j tons of Cigars ; while the Victoiian icturns for 1881 show that the quantity of manufactuied Tobacco imported into that colony., during the year was J,309,5391b5., and of unmanufactured leaf, 369,6571b5. 'I he market for Tobacco outside the Colonies is almost unlimited, and no diltieulty will be found in advantvgeously disposing of any surplus amount that may be gi own over and above what will be rcqniied lor local consumption. Several manufactories of. / Tobacco %nd Cigais have been established in the Colonies of Victoi ia and New South Wales, but up to the present time no manufactory has, been established in New Zealand, nnd the Company will not have the disadvantage of competing with others. W The Cqmpany will be able to sell ToJbacco and Cigars at a highly remunerative pi ice to themselves for much less .than even the present duty on imported 'Tobacco, so that the immense advantage of the development of this industry to the public w,ho are smokers cannot be too highly rated. The total number of farmers now contracting is sixty-nine, while the acieage under cultivation r exceeds six hundred. It is intended that the Company shall take over the contracts* which have been ujide in antipation of tlie formation of the ,Co v mpany. i The Company fs offering prices of from fivepence to eightpenee per 15 for the large varieties ; ' v up ' to. tenpeuce for Havana raw leaf. •■ ,i • ■" ' TJhjjE'roinotera begtocall the attention of imend^ig investors to the fact that! they bavflipJi^teHtion .of buying laud,' ,or, otheiijyisei expending! money, ■ except in furnishing fanneYs with the necessary qijjjthtities of superior seeds 1 , and" otherwise puKthjf thßhfci6StUe*.W!iy of harvesting 'ami tiffing Ftfoe,"«!af.;.,<a^e,Coinpaiiy, ( "to th^rowe^ffift^ie Compaly ktl'j irja*wSctiiiWi f^"Spf -,' £;» ;^reBwbl enteuprisei 'sKoulcfc recoifi-r.tne^^^elf^^rijpjlyrtd^llJ-New^Ze'alaAd TfJW[Jiiss?f P^'§ra&^n'ts, l ?Suttoj;librs interested! ■