Page 4 Advertisements Column 2

Waihi Daily Telegraph, Volume IV, Issue 1044, 19 July 1904, Page 4

Dated anil filed with tlio Registrar of Joint Stock Cornpditiea on the 23rd day ol June, 1904. ABRIDGED FROSPSCTUS OF p.. us. f a SI i »• > CONBOUDATION LIMIf&D." To be incorporated under "The Companion' Act. 1803." . M t . £ /®?, ,oo v~ d | viasl 'i 1 ' 0? lv!li ' jh mo shat,p s. f"Hy paid up, ut mj? rf F; • ° aro moi ' VC(l foi ' sui)Sßqu,?ut iaaue for extensions of business and building purposas, and the remaining 9.2,000 shares ura now oifoi'ei to the public for subscription, payable as follows: £1 pel' sliaro on application, £1 per shave on allotment, and tho balance in oalli 0* noi more thftu £1 per share &b may bo l'ecjuirod, aiul at intervals of not leas than two months PROVISIONAL. DIRECTORS: CHARLES P. GIIEENSLADE, Esq., Dnnedin (Hanii 'in» Hiiwtor S|iui»ln A Co Ltd ) ARTHUR R. V. LOHDEIt, t0,., Welling, |l'ro r riHo,' City Unite! lln(,l|, " CHARLES 11, IZAIID, Esq., Wellington, Solicitor (Diri-r.i'ii 1 Wellingloii-Maiiawatu llailwav Cot Ltd I ALBERT MARTIN, Ksq., M.D., WVllinyton (Director V*AW. Life Annum Society of Usl EDMUND ALLO, Esq., Wellington. Kloctrieal Kti<imt-r su-il llvilmulie Fwrt ' HERRUAN LEWIS, Esq., Wellington, Investor " ' CHARLES TRINGHAM, Esq., Wairanipa, Slioeiilarnicr ilJiredor Wi'llingioo Tmst, Loan A Investment Coy., Ltd.) Who hold office until the fiwt meeting ot shareholders which will he lull not \,<« than one month nor more than three mnntL from th» Sr2C entitlCdt ° C —° b " SiIICSS ' " Ullifll Company will bo appoint.* BANKERS: The National Bank of NVw Zoiilaml, Limited. SOLICITOR: J. J. Devine, Hi, Unuuloii Kneel. Wellington, BROKERS: Burr, Lonrj & Co., Wellington ; William 11. Turnimll ,v Co., Wellington : ilurcmrt A Co., WolliiMon • Fcnwiek Riw Dunlin I i D ;™r^ risl ft ul f ; ;■ s^f<i SLSS; H. Chadwiok & Co., Hawkes Hay ; C. It. Lewis, Poverty Ibv; ,1. F. Clark, Xelson ; IJewlcv A Gviilitbs New Plymouth 8. Brett, South Canterbury; C. L. Duigan A Co., Wunganui. * ' ' ' SECRETARY (pru Km)'. J. S. Schwartz, Colonml Mutual Buildings Custom House Quay, Wellington.

The Company ii being formed for the purpose of acquiring, as going concerns, the fashionable and well-known "Empire Hotel," in Willis and Victoria Streets, Wellington; the pioturosque and far-famed "lielleyiie Gardens and Hotel," situate at Lower Hutt, and the line public residence or private hotel known as " The Mansions," recently erected in Ghuznee Street, Wellington; and of carrying on, consolidating, and oxtending their trade or business, and generally of carrying out the objects mentioned in the Memorandum of Association of the Company, The valuo of the assets to lie acquired by the Company lias been fully reported upon by weil-biown, experienced, and roliabif experts, and the following isn fair summary of their roports "The Emmiik Mora,"— Land, Buildings, Furnishings and Goodwill £111,200 Stock of Wines, .Spirits, Ac 1,001) " The liEi,u:vt!>: Horn, ash Gardens " and Furnishings 21,281 Stock of Wines, Spirits, etc 250 " The Mansions," Buildings, Furnishings, Ac. 10,640 i Total £144,220 These figures, based on thoroughly reliable estimates, shown surplus of £14,229 over and above the purchase price to be paid by the company. "The Empire Hotel." This palatial hotel, recently built and re-constructed, may now bo olassed as equal to any establishment of its kind which the Southern Hemisphere can boast of. The position of this building may lie said to be the most valuable in point of situation ami convenience which could lv selected for private or public enterprise out of the whole of tin Capital City of New Zealand. The "Empire" has frontages to two of the most important business streets of Wellington City—Willis .Street on the one side and Victoria Street on the other-ami to each of these streets it presents a handsome and imposing front. The area oovercd by the hotel represents a length from street to street of 100 feet, and the frontages to Willis and Victoria Streets are 75 feel and 71 feet res; lively. By no possible fluctuation can such a site as that on which the Empire Hotel stands be otherwise than materially enhanced in value in years to come. i "The Bellevue Hotel and Gardens." At tho present time, a journey of thirty minutes by train am ten minutes 1 walk from the Lower llutt railway station brings tinvisitor to the gates of this Hotel and Gardens-a truly magni tlcent properly of som..- sixteen acres, with a frontage of about 1500 feet lo the main Wuiwem luntil, which is one of the principal thoroughfares'of the llutt Valley. The liellevue Gardens aro unique in New Zealand, being as they lire, the only private botanical gardens on a large scalo ii/ the Colony. A canine drive, shaded oil cither side by tine old frees, and fringed villi I'liiee'itl ferns, leads lo the. hotel—a veritable old English manor lioti-e- standing in the midst of emerald grccu lawns, lluwtr beds respondent- with gorgeous blooms of oYcry shade and line; shady arbors and quaint summer-houses over which trail sweet-scented rose.;, interesting avcnue3 of raro trees and shrubs brought from every clime. There are nearly all varieties of New Zealand trees ill these grounds. of the llutt liailway has been agreed to by Parliament, and this important public work has already begun. J'lte improvement of llie llutt ltoad is a work also to be put in hand immediately, ft is needless to say that tho Bellevue Hotel find Gardens will immensely profit by these improvements. "The Mansions." uee i't llit! line.-t establishments of its kind south of tho line is the li.'ii'l'oi.u: new boarding-house known as " The Mansions," siiuatui in t'lr.iznee Street. The tine proportions of this building, ns it loui-is in its "nib of white above those buildings which surround it, immediately arrests the attention in tho panorama of Welliiiglon City. The building, which is three storeys high, of brick and stucco, has a lronlage of -17 feet Ii inches lo Ghuznee Street, by a depth of titi feet 3 inches, The furnishing is of the most palatial character,»» nip lie seen from ''"i fact that it has cost nearly £-1,000. "N Financial Aspect. THE UMPIRE HOTEL. The fullest investigation of the books and aecou.ua -j: the Empire Hotel lias been made by Messrs. liadham & Biss, professional accountants and auditors, Wellington. Their report shows that from June, 1899, to October, 1903, the receipts totalled £83,20ti, against disbursements, £51,371, leaving a net prolit of £81,835. The following.is a copy of a supplementary report from_ Messrs, Biullmm & Biss, showing the receipts for tiie four months' Ivom the Ist Novembor, 190?, to the 29th February, 1904

" Wellington, "March 10th, 1904. "Having been rcrjuesicd to supplement our former report ol the 7th December lust with n statement of the receipts nf the Empire Hotel for the four months from the Ist November Inst, we lmve accordingly made a further examination of the books of tlio Empire Hotel, and lmvo to report that the receipts of the business for the four months from the Ist November to the 29th February last, inclusive, as shown i'uerein, amount to £10,571 k 11(1. "This brings the total receipts for the year eliding itlst December, 190:!, to £28,071105. 3d. "11ADHAM A' DISS, " Professional Accountants and Auditors." It will be seen from the reports that the receipts show a marked increase year after year, rising from .L'll,olo for the year 1900, to £23,071 for the year 1903—an increase of oyer 100 per cent, or more than double. Compared with 19(11. only two years ago, when the new buildings were completed, the"receipts for I'JOii show an actual increase of over GO per cent. An examination ol ilie liool;s shows that the receipts ior January and I'cbruary, 1901, amounted to £5,370 10s. lid., which is at the rate of t'ill, 123 per annum. The present rate of profit on the Empire Hotel alone repre ■wits in itself over 8 por cent, on the entire capital of the consolidation v,ith.iut toWn# into siccouiit at all " The Mansions" and liie •' llcllcvue Hold and (iardeus." With more aeeoioiidalion available, \vhi<li the addition of 'iiiitlif'i' story would give, eouplid willi the large economies which can undoubtedly be ell'ected under the consolidation, the '4 profits should lie increased liy fully 50 par cent. RECEIPT!-; OF "THiniAXSIONS." Hie receipts of" The Mansions" ninounted for the past eijiht months, to £2,134195, Oil., and the expenditure t0£1,021 ltis. 9d., leaving a ,surplus of £513 '2s. 3d. , It must bo homo in iniml that Ihu house is a new one, opened 011 the Ist August, 1903, and that these figures represent the returns for the period in which the house was started, and before i' can bo said to have been in ftill working order. '"be following is a copy of Messrs, Bndham it fitss'a roport:— "Wellington, "April Bth, 1904. ■Wo hereby certify thai, having examined the books in connection with the establishment known as" The Mansions," Ghuznee Street, Wellington, we find the receipts for the past eight months, from August Ist, 1903, to March 31st,. 1904, amounted to £2,184195. Oil, and the expenditure to £1,021 IDs. 9d., leaving n surplus ol £Ol3 2s, lid,; but ill the above figures no amount has been included for intend )n capital invested in the business fr "DADHAM & Bias, " Professional Accountant.' HECEIPTS OF THU "11ELLEVUE" HOTEL A GARDENS. Tho receipts of the" Uellevuc" Hotel and Gardens, from Ist January, 1902, to 29th February, 1904, amounted to £10,221 0b 4d, while the expenditure was £8545 7s 7d, leaving a surplus of £1675 12a yd. During this period 52,103 visitors paid £1302 lis (id for admission to the grounds, and £4lO 9s Od was realised for flowers. In the expenditure is included tho sum of £IOO9 lOi lOd, which is an extra ouliay incurred in rejwirß, upkeep, and genß?allj improving the property. ? The Values of the Properties As to the values of the tlnee properties, reports on have been obtained from the leading valuers of the city, men who arc well known in Wellington for their absolutely uubiased judgment. skill, and experience in this class of business for a long period of years, anil generally their " bedrock " valuations. The, whole of lliree properties have been carefully valued, and there is no doubt that if sold in the open market to-day tlioy would realise cdiisidcriibl) hwlur prices. Moreover, from the (not that business in Wellington is expanding enormously, and that the values of these three properties must increase proportionately year by year, it will be admitted by everyone that the possibilities of the company must be very great indeed, mid that its earning facilities, which are already so high, must bo materially enhanced in the immediate future. Early application for shares is invited, and should bo forwarded to the brokers, accompanied by a cheque for £1 on anil slum uLfumlic&tion nu--CoP'l!3 mayljba obtained the govern brokers olfth'offlmpa'ny, or thcHVendorj Mr|HOTma'u,~ The brokers will bo] glad to givo any further inlouualion desirod

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