Page 3 Advertisements Column 3

Waikato Times, Volume XXII, Issue 1793, 3 January 1884, Page 3

Notices.

IIIEAD OFFICE AND FACTORY, AUCKLAND.] PROSPECTUS " f ' OF THE NEW ZEALAND TOBACCO GROWING AND MANUFACTURING COMPANY (limited).

Registered under " The Joint Stock Companies Act, ISS2."

CAPITAL £20,000 IN 4000 SHARES OF £3 EVOH, Payable ab follows : 5s per Share on Application, 5s per Share on Allotment, and the balance as may be re-* quired in sums not exceeding JOs per Share at in- ■ . tervals of not less than 'Ihree Months.

Piovisioual Diiectots :

John Ballance, Esq., Wanganui Major Georgk, Gentleman, Auckland Seymour Tiiorne George, Esq., M.H.R. , Auckland Arthur Heather, Esq., Merchant, Auckland Hon. E. Mm kelson, M.H.R. Auckland D. H. Mckenzie, E«q, Merchant, Auckland Fnv / Scherff, Esq., Merchant, Auckland C. B. Stone, Esq., Merchant, Auckland W. R. Waddkl, Esq , Major Elect, Auckla id Bankers : Bank of New Zealand. Sjlicitois : WIIITAKkR, Rl'VjErL, AND BpDDLK. Broker : Brokers' Association. Sncietary P>o Tern. FRJ'.DK. NIjTTLR.

This Company is being formed for the purpose of encoui.iging the Growth of, and for Manufactiuing, Tobacco in the Colony of New Zealnnl. Various expeiimcnt have proved that the climate ot New Zealand is peculiarly adapted to the giowtli of Tobacco, aud that in the Auckland Pro\ineial District the best Havana leaf can be grown, all that is requited to sta.it a most important and lemuncintive local industry is a sufficient simount of capital. The Colonial Industries Commission made the following repoit on the 12th day of Match, 1880:—

AGRICULTURAL PRODUCTS.— TOBACCO.

"The most important agiicultnral industry which has been bi ought under the notice of the Commission is undoubtedly the cultivation of Tobacco for manufacturing put poses. The evidence established the fact that any quantity of Tobacco, equal in quality to the finest Amencan, can be grown in New Zealand, and that theie is no teason why the whole of the Tobacco consumed in the Colony should not ultimately be pioduced and nianufaccurcd in it. The industty would afford profitable employment to cottage faimeis, also to women and children who would be engaged in manufacturing, and would utilize large tiaets 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 imported, and that the industry once established, the same amount of re\enue that is now laised by the Customs duty on imported Tobacco could be laised by means of stamps on the locally-produced Tobacco." The final repoit ot the Colonial Industries and Tariff Commission, laid befoie the House of Representatives on the sth of September, 18S1, on the culture and manufacture of Tobacco, was as follows :—: — "That in order to encourage the growth and manufacture of Tobacco in New Zealand, your Committee recommend that the duty on Tobacco grown within the colony should be reduced to One Shilling per lb. for a petiod of not less than five yeais." In accordance with such recommendation, the following section was inserted into an Act of the year 18S1, entitled " An Act to alter the Duties of Customs and Excise" :—: — " In lieu of the bonus specified in section 12 of the Tobacco Act, 1579,' the following provisions shall take effect on and after the passing of this act, namely : — The duty on Tobacco manufactured in the Colony shall be One Shilling per Pound, and this rate of duty shall remain in force until the 31st day of December, 1886." The present duty on importei Tobacco is Three Shillings and Sixpence per lb., and on Cigars, Six Shillings. It is estimated that about two tons of Tobacco cau be obtained from three acres of good land, and numbers of farmers have expressed their willingness to enter into contracts for the growth of Tobicco at prices varying from h'vepence to tenpence per pound for all sound leaf acconlmg to quality. The Custom returns for the year 1882 show that duty was paid in T^bw Zealand, during that year, on l.OSOjoT^lbs of Tobacco, and 88,9721b5. of Ci^ar3, or 486,-} t° ns °f Tobacco, and 39ff tons of Cigars ; while the Victorian returns for 1881 show that the quantities of manufacttn ed Tobacco imported into that colony during the year was 1,309,5391b5., and of unmanufactured leaf, 369,6571b5. 'I he market for Tobacco outside the Colonies is almost unlimited, and no diffienlty will be found in advantageously disposing of any surplus amount that may be grown over and above what will be required for local consumption. Several manufactories of Tobacco and Ciprars have been established in the Colonies of Victoria and New Soutli Wales, but up to the present time no manufactory has been established in New Zealand, and the Company will not have the disadvantage of competing with others. The Company will be able to sell Tobacco and Cigars at a highly remunerative price 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 who are smokers cannot be too highly rated. The total number of farmers now contracting is sixty-nine, while the acreage under cultivation exceeds six hundred. It is intended that the Company shall take over the contracts which have been made in antipation of the formation of the Company. The Company is offering prices of from fivepence to eightpenoe per lb foi* the large varieties ; up to tenpence for Havana raw leaf. The Promoters beg to call the attention of intending investors to the fact that they have no intention of buying land, or otherwise expending money, except in furnishing farmers with the necessary quantities of superior seeds, and otherwise putting them in the way of harvesting and'drying the leaf. The Company are prepared to become purchasers of their crops at a price remunerative both to the growers and to the Company at manufacturers. The present enterprise should recommend itself strongly to all New Zealand farmers, merchants, and others interested in the advance and prosperity of the colony. Apart from the consideration of actual profit to those concerned in the . undertaking, great good must indisputably accrue to the colony by the introduction of an industry .which .will tend to kee^iu this country the ; large3 amount of money which is annually seW abroad for the purchase of the imported article. of Application" for Shares may be obtained at-the offices of : Messrs FREDK NUTTER & SON, New Zealand Ins^r^nco^Buildinca, /