Page 6 Advertisements Column 2

Press, Volume LVI, Issue 10333, 29 April 1899, Page 6

PROSPECTUS. COLONIAL GLASSWARE CO., LTD. Registered under "The Companies-Act. 1822," ] **-~' ' and any amendments',thereof 1 • CAPITAL—£IO,OOO in 10,000 Shares, of £1 each,, ,of which £2500 have been .subscribed and i '-'- fully--paid! up. ABRHSGEDIraOSPECTDS_. . - ,', Of ISSUE of £6000 to the PUBLIC hi 6000 SHARES of £1 Each. 1 .'Payable 2s 6d on application,. 2s 6d on allotment, balance by calls noil exceeding as -at not shorter intervals than, two months. The whole of the above £6000 is, to be utilised for the Purchase and Installation of Machinery, Plant ,etc., and for providing working capital. - 1500 -Shares reserved for future issue. DIRECTORS: NICHOLAS REID, ESQ. (Messrs-W. and G. Ohirnbuiraiid Co.), i. WALTER FELL, ESQ., MJX, .TJpper Willis Street, Wellington. - ' _£ A. M. LEWIS, ESQ. (Messrs Thomson, Lewis and Co.), Wellington. F. PENTY, ESQ-, Architect, Lambton Quay, Wellington. 1 Note.—-The Subscribers of the Capital now being offered will be asked to elect two additional Directors. BANKERS: NATIONAL BANK OF NEW ZEALAND (LTD.) SOLICTOR: A. R. MEEK, ESQ. ACTING SECRETARIES (During Flotation) MESSRS BADHAM AND BISS, Customhouse Quay, Wellington: BROKERS: MESSRS HARCOURT AND CO., 48 Lambton Quay, Wellington. D. T. STUARI, ESQ., Featherston street, •Wellington. . , „. E. BILL FISHER, ESQ., Christchurch. MESSRS QUICK AND SMITH* Dunedin. MESSRS FRATER BROTHERS, Auckland." THE COLONIAL GLASSWARE COMPANY (LTD.), has been formed for the purposes inter alia of carrying on in New Zealand the manufacture of. Glassware, etc., and for that purpose has purchased for the sum of £3450 the valuable Plant, Buildings, Land, etc., which stood in the books of the New Zealand Glassware Company (Ltd.), at £5754. Of the purchase money £2500 has been paid by the issue of 2500 shares fully paid to £1 each and the balance of £350 remains upon mortgage for 5 years at 5 per cent, interest. - The manufacture of Glassware in, this colony has hitherto been attended by great difficulties, of which the necessity of obtaining highly skilled labour has been the' most serious; such conditions have been -virtually prohibitive, and'they have forced the Directors of tho Company to look for alternative methods. Thoir attention has been consequently directed towards labour-saving appliances, and -exhaustive 'enquiries have elicited the fact- that American patentees have perfected the invention of bottle-making machines which entirely dispense with skilled HANDBLOWING labour. These machines are in active operation not alone in America but also in Australia; in tho latter continent under the direction principally of Mr Lamblion L. Mount, an expert who for nearly 2S years managed the Melbourne Glass and Bottle Works—the . most successful glass manufactory -in Australasia. -The -.Directors approached -Mr Mount-7-wbo was described to them' as the "only really, successful manufacture of bottles in the colonies and the one who built up the Victorian, industry by his exceptional knowledge "of his subject"— and induced him to visit New Zealand for the purpose of reporting upon the beat methods and prospects of glass-manufacture here.-The results of these labours are embodied in a report annexed to the prospectus. The- evidence in favour of machine manufacture has clearly demonstrated that .the old style hand-blower is no'longer a necessity to the' manufacture' of glassware, and that .the conditions of the trade k have, been completely revolutionized' by the introduction of machinery,. The Directors of this Company have-therefore determined'to Avail themselves of the latest invention, and it is for the purposes of obtaining machinery of an up-to-date character and for> providing sufficient working capital to carry on an extensive business that the present issue of shares is offered to the public. '^, According to the estimate -of Mr . Mount, the profits ,cf the Company should be at least £1800 per annum after paying all,* 5 expenses. Such a sum would provide for the payment of-handsome dividends upon, the Capital of the Company,'bosidesiproviding the. accumulation of,a Reserve Fund. '- * '•--, AH expenses of (brokerage,-advertising; etc., connected with the present issue of shares, ! will >bo' paid-by the Company.. , fc . ; • Applications for shares should be sent to the' Bankers, Brokers, or Acting Secretaries of the , Company. - ■- " 5229 MONET. ' " ;' . , • X*t(\ finft-~ LOANS Granted for Build3*jl\Ji\J\J\J Log Purposes, also on Farm and Suburban Properties. - Favourable terms for Repayment. Very Low Rites of Interest. JOHNSTON and MILLS, Solicitors, 213 Hereford street, and at Rangiora, _ . 8571 MONEY TO LEND. I HAVE a SO"M of MONEY placed in my .hands for Investment in Large or Small Sums on all Classes of Securities at REASONABLE RATES. ■. ( ' F. D. KESTEVEN, 6008 ' 7'Chancery Lane. 4i PER O.BNT- '■ ' 5 PER CKNT WANTED MORTGAGES.tor SUMS from £100 to £10,000. on Freehold Security. Bates of Interest 44, 4f, .and 5 Per Cent.,' ,' t , Accordinc to amount and security. JOYNT and ANDREWS. - 205 Gloucester street, OhrUtchurch. MONEY. i? Knnfi • eawo ' £750 « * 600 ' TO I»END at 4i i&nJ\J\J\Ji ■ p P r cent. Loans arranged from CSS at current rates. «. G. B. -UITCHLE, Solicitor, Hereford street. __ _ . | -_>f* AAA TO LF.ND, ta sums 0t £100 and SttiUUU upwards at 5 per cent - Hums of from £5 to £160 at reasonable rates. Titley, mortgages,- teases, &c, prepared ' and completed at L.T. schedule charges. * A. E. CBADDOOK, Licensed Land Broker, 7557 176 Hereford street (next B.N Z.) -MONEY TO LEND ON FIRST MORTGAGES of FREEHOLD SECURITIES from 4J per cent., according to security and amount, also on approved Second Mortgages. IZARD and LOUGHNAN, Solicitors, Hereford street, Christchurch, And Sonthbridga MONEY TO LEND. J HAVE VARIOUS SUMS TO LEND ,AT * L CURRENT BATES OF INTEREST. C. PALATBET. Licensed Land Broker, Close to Armagh etnet Bridge. If O N E V TO LEND PRIVATELY AT ATLANTIC LOAN AnD DISCOUNT OFFICE, ■ 100 CASHEL STREET, | Opposite Farmers' Co-op. T JOANS from £5 to £5680 advanced in sums Jut to suit .Borrowers upon Freehold' Land, Second Mortgages. Life Policies, Shares, Bills of Sale - over Lire Stock, Furniture, Goods, etc., and Promissory Notes. Loans repayable Weekly or Monthly, or as maybe arranged. Bills Privatel> Discounted and Renewed, if necessary. Postal cnmrtmnc&tiofls addressed to the Manager, Box 15, will receive prompt attention. No good application is evei- refused. All appbeatieha strictly confidential. .. g. C. RAPHAEL, Manager, fTIHE NEW ZEALAND ' FIRE AND iJ. MARINE INSURANCE COMPANY. ». ■ Established 1859. Capital £1,000,000 Paid-up Capital and Reserve £400,000 SHE PREMIER AND WEALTHIEST COLONIAL COMPANY. Noted for Promptness and Liberality. Braaehes and Agencies throughout the World. A. L. PARSONS, Manager. DUES!? TPfIS. COPIED BUT j r&JiIL 1 tAo never equalled 1 i*■ ; " ''' < ■— ■■■, -- ! TT T. HOPKINS, PAPANTJI, stocks TIGER TEAS, and recommends them.