Page 2 Advertisements Column 1

Manawatu Times, Volume LXV, Issue 1030, 7 June 1910, Page 2

A FIRST-HATE INVESTMENT. Four Thousand Shares In the golden bay CEMENT. COMPANY Have been allotted to the WEST COASTD IST HUT. 46,000 shares Lave been placed through on t South Island and Wairarapa, Hawke's Bay, Auckland and Wellington. These were all eagerly taken up, There remain these 4000 ressrved for the Manawafcu aud Eatigitikei, constituting an investment o£ quite EXCEPTIONAE CH.UUCTEE. The shaves are £1 shares, nayable 2s on application, 23 on allotment, and the balance in calls not exceeding 2a per month. The Jsl shares in the existing Cement Companies arePortland ... ••• Os Od Wilsons Ifis "d The Golden Bay Company has UHRLSVAP.ED FACSL.BTBES iu deep water frontage and proxim ty rf the limesto ft to coal, to <-o & splendid business economically and profitably.

It is under the managing directorship of Mr W. M. Haunay, late General Manager of the Manawafcu Kailway Company, who first Thoroughly Assured Himself of the projects before becoming identified with the Company, io which he is also a considerable shareholder. Of the 46,000 shares allotted to the other districts the chief holders are some of the ablest and shrewdest men in New Zealand. Messrs J. !l). JOHJJSTOfJ Si CO>> • Cuba Street, h&'e been appointed Brokers for the West Coast shares, and applications should be made at once owing to the limited number available. There is no over-capitalisation or loading of this Company, and there is a certainty that the shares will be at a premium, r Mr Jas. Maichbiaks, late Chief Engineer to the W. &M Railway Compwy, in reporting on the Company, gays "At an average filing rate of per ton, which is well below the average price in Wellington for many years past (the present price is £3 6s), this wKI leave a Ret profit of 9s 5d per ton, or i 9,533 per Oflnum on an average weekly output of 400 tons. This is almost 16 per cent on a capital of £60,C00, and is suffic out to ,pay Q dividend of 10 p«f cent and leave f 3,508 per annum to be carried to reserve, or used in extension of the plant." Mr March banks also says" In my opinion you'possess en excellent properly, which is more favourably situated and In a batter position to manufacture cement at a lower rato than any other Works in tbe Dominion that I know of, and which, after development and the erection of suitable buildings and machinery, only 'requires careful handling and jooti mananerae.Bt to become e highly profitable coEoarn,"

Mr J. i. J. McLaren, lata of the New Zealand Portland Cement Company's works at Limestone Island, Fhangarei, provisionally ongagod as Works Manager, is so satisfied with the prospects of the Company tbathe has taken up 500 shares himself, and induced maay of his friends to take sharei. He assures the Board that he will be able, with the plant proposed, to turn out 400 tons of first-class cement per week at an outside cost of 263 per The wholesale price of cement in Wellington is 66s per ton, and the directors believe that they will, when once t'ney gee on the market, secure from marohanti 45s per ton delivered on the wharf at leiakohe, leaving a handsome return o shareholder?, There is an excellent and increasing demand for cement, and there teems no possibility of & reduction in price f®r a Com%vftbl9 period, the imports of the aiticie still very (las! year 239,978 barrels wr& iflto geßlend, of which 102,340 barrels, equal to 7,000 tons, eamo to Wellington),e the existing colonial works beins; unabl, to meet the Dominion's requirements, The growing use of ferro-concrete in building operations, and the soiicity »Rd high cost of timber, must necessarily lead to a farther greatly increased demand for cement for building purposes, The position of limestone Bay or Tcrakoho is uniquu for the putposes of the Company. Wotks there will practically coramand lha (imo and cement trade of IffildHcw Zealand. All the steamers trading to Poxton, Wanganui, Patea, One* hungu, Nelson, Motueka, Taliah, Picion, Blenheim, Wellington, New Plymouth, Westport, Greymouth, H fcitika and other ports could call at the Company's works and take away the manufactured article without going far out of their way, and therefore at a minimum freight. Tne works being situated at Sfre edgg ol fairly tJosp water In a sheltavsd position, with uuKrcfted supplies of raw malarial close et hand, and surrsusffled by markets wiShiu easy distance, all reached by water, will be starting under such, avourable conditions as no works in the Dominion possess.

Psospeotuses can b6 obtained from the Company's Offices. Nathan's Buildings, Wellington; from J. M. Johnston & Co,, Cuba Street or at the office of this paper