Page 4 Advertisements Column 3

Waihi Daily Telegraph, Volume IV, Issue 1052, 28 July 1904, Page 4

m 8 mm iraP

STUDY THIS FROM A BUSINESS STANDPOINT "The Empire, Bellevue, I CONSOLIDATION LIMITED." To b« incorporated under "The Companies' Aot, 1903" 01PI1AL, £lso,ooo—dividad into 30,000 shares of £5 each, of which 4000 shares, fully paid up, aw to ba allotted to the Vendor; 4000 are reserved for aubaequent instta ior extenolons of business and building purposes, and the remaining 22,000 share a are now offered to the public for Bubscr.ption. payable at follows:-,-SI par sharo on application, £1 per- tn-.fU'a on allotmaui, and the balance in oalls of not MOIB than £1 p®r share as may be required, and at intervale of not less than two months. PROVISIONAL DIRECTORS: CHARLES F. GREEK,SLADE, Esq., Dunedin (Managing Director Speight A' Co., Ltd.) ARTHUR R. V. LODDER, Es(|„ Wellington (Proprietor City Buffet. Ihitcli. CHARLES H. IZARD, Esq., Wellington. Solicitor (Director Wellingtoii-Manawatu Hallway Cor., Ltd.) ALBERT MARTIN, Esq.. M.D., WelliugUin (Direolov Equitable Lift' Assurance Society of U.S.) EDMUND ALliO, Esq., Wellington, filertwal Engineer and Hydraulic Expert HERRMAN LEWIS, Esq., Wellington, Inventor CHARLES TRINGHAM. Esq., Wnivampa, Sheepfarmer (Director Wellington J rust, Loan it' Investment Coy., Ltd.) Who hold office until the fivsl meeting of shareholders which will be held not l-i-s limn one month nor more than three months from the time the Company is entitled to commence business, at which meeting permanent Directors of tho Company will bo appointed b, ha—fa. Ba)JKE(|Si The National Bank of New Zealand, Limited. SOLICITOR: J. J. Devine, Hi, Brandon Street, Wellington. BROKERS: flarr, Learjr A Co., Wellington ; William H.Tumlmll A- Co., Wellington; llammrt A'Co. Fcmvick 15ms Dancdin. 11 0 Duncan Clmstchurch; V. J. Lanier. Auckland; Richard (iooeli, \\itiht; Murk Sprot A Co., (.ivymotilli A- Hokiiika; 11. Chadwick ,V Co., Hawks Day; C. H. l*wi<, Poverty Day; J. F. Clark, Nelson ; Bewley A' Unfblix, New Plyinoutli; R, Brett, South Canterbury ; C. L. Duigitu A- Co., Wanganui. SECRETARY (pro tanji ,1. S. Schwartz. Colonial Mutual Buildings, Custom House Quay, Wellington. This Company i< being formed ior the purpose of acquiring, n< a going concr'.-i three of the most valuable bu?iu'j ,; s properties in New leaiand—the large and palatial EMPIRE UOTEL, in Willis and Victoria streets, Wellington; the beautiful BELLEVCE GARDEN'S and fashionable Hotel at the Lower llutt, and the popular Private Hotel known as "THE MANSIONS," in Ghiizttee street, Wellington. It is proposed to purchase these three properties for the sum of £130,000, of which the vendor receives £55,000 cash and 'OOO fully paid-up shares; the sum of £55,000 remaining on fixed mortgage. The fact ih.it local companies have a sum of £55,000 on fixed mortgage is an undoubted proof of the souudiuss of the securities offered. The value of the assets to bo Required by tlio Company ha." been carefully assessed by well-known and reliable expert ', and a summary of their reports show a total value of £141,220. These figures, based oil thoroughly reliable estimates, show a surplus of £11,229 over and above the purchase price to be paid by the Company. The intention of the Company is to carry mi the three businesses named ou tho soundest and most popular lines, and to utilise to the utmost the latest and most modem ideas in hotel management, This is an Age of Consolidation, The trend o! modern luaincss methods is in the direction of merging small enterprises into great, and thus reducing the expenses of management. Tin? aim!l»am.ition of these three important properties will fcitaLl" the joint management to effect a considerable saving in many ehsso.! of Stock, Goods. Provisions, A'C., which by being purchased in quantities will be secured on much more profitable terms than under separate ownership. ~ The consolidation of the properties will undoubtedly result in Efficient and Economical Management, Increased Business and Increased Profits, As to tho value of the three assets in this; great business proposition, first consider "The Empire Hotel," This establishment is the ureinior hotel in Wellington, and is in point of situation, architecture, equipment, and general convenience, one of the finest hotels in Australasia. It is unique m hiving two fronUges—to the two leading business streets-one to Willis street, and the other to Victoria street. The position ol this building may b« said to be the most valuable in point of situation and convenience which could be selected for private or public enterprise in the whole of tho capital city of New Zealand. The are* covered by tho hotel represents a length from street to street o! 190 feet, with it frontage to Willis and Viotoria streets of 75 feet and 71 feet respectively. It conaietfl of four stories and the basement, and contain 1&> reams, 108 of which are bedrooms. Note these Figures! A careful and full investigation of the books and accountof the Empire Hotel lias been made by Messrs. lladham and Riss, Professional Accountants and Auditors, Wellington. Their roport shows that from June, lS'.i'.), to October, l'JOSlittle over four years—the hotel receipts totalled £S 1,20b. againv an expenditure of £51,371, leaving a net prolU of £:il.«!s. exclusive of interest, For the year 1003 the total receipts wero .128.07110s oJ. For the lour months from" November Ist, 1003, to I'ebruai;. a'lth 1004, the receipts were £ 10,571 5s lid. bur the iiionlh.of January and February, 1004, the receipts amounted In £5,570 10s lid, which is at the rate of £33,423 par annum, and under the new management will undoubtedly increase at an ovon greater ratio. The present rate of prolit on the Kmiiirc (Intel ;uot:< represents over 8 por cent, on the entire capital «f illconsolidation, without taking into consuluraticn t - profits front" Tho Mansions" and" Bellevue Gardens.' "The Bellevue Hotel and Gardens." This wonderfully pictureaquo estate is not only a popular resort for Wellington people, .''lit is ono of the ■sights ol the Colony, and is by far the most attractive of Wellington'; pleasure-spots. As a pleasure-place within easy reach of a ni-iropolitm centre "Tho Hellenic Gardens" are unrivalled in New Zealand. They are unique. A groat feature of the estate is the magnificent IiOTANICAL GARDENS, the finest private gardens in tin Colony. They present a happy combination of par!.' ;t:i;i duvcrgarden, surrounding a handsome hotel of the chatfau-iuinpilov, typo. There are groves of arboreal ferns, nikau and other palms trees, shrubs and llgwcrs from all parts of the globe; (lower-beds in vivid bloom all the year round : the most deiighiful of shady nooks and rose-embowered arbours and rustic siinmi-'r-hoiiees. There are sixteen aorea in this property. It has about 1,500 feet frontage to the main Waiwetu road, one ol llvprincipal thoroughfares in the Unit Valley. The receipts of "The Itellevue" Hotel ami Gui'dciis from Ist January, 1002, to 'Jllth February, 190-1, amounted to £10:2210s 'ld. The expenditure was £8,545 7s 7d (including £I,OOO 10s lOd. extra outlay for repairs, up-keop, and improvements) leaving a surplus of £1,075 12s fld. During this period 52,103 visitors paid lis. lid. for admission to the grounds. The llowcrs sold from the Gardens realised a sum of £Jk ! (Is. There arc immense possibilities before " The Hellevue" property, owing to (he straightening of tin llutt railway, now proceeding, which wili shorten the distance by fully one-third, and induce thousands more tourists ai well as residents to spend a holiday at Ihi'i attractive resort, which has aIK.-luuly no nival outside of the spas in the Thermal Springs Region. "The Mansions." This luxniiott, boarding establishment is the ii:iF;,t of ilt class in New /.''aland, l! combines a handsome cm. re,r with the latest improvements in architecture and mi-jiishiii>:. In every detail it is a well designed, comfortable i ■sidonee. The' palatial character of ihe furnishing may lie r.ng, d from the fact thai they cost nearly £4,000. During the eight months ended March 111, 101)1. the total receipts of" The Mansions" amounted to £2,13-1 UN, and the expenditure to £l,li2i Ifls '.U, leaving a surplus of mil is ill. The house was only opened on August 1,1(103, so I hat it can hardly bo said to have been in full working order for tho whole of the period mentioned, notwithstanding the profits amount already to 8 per cent, on the capital invested. Have You Money to Invest? Then Seize This Opportunity. It is an absolutely sound and safo proposition, one that will stand the closest examination, with a certainty of an immediate and continued increase In the value ol the investment. It is an exceptional opportunity, offering as it does an interest iu what Hinst quickly become the most profitable hotel property south of the Line. Properties in Wellington are rapidly increasing in value, owing to the City's situation and its great volume of business. This will yield you far hatter intere»t than other class of property. As an investment jou cannot better it, and shares will soon ho at a premium. All possible enquiry is solicited, Copies of the Prospectus may be obtained from Brokers of the Company, or from tho Vendor, Mr. llerrman Lewis. Intending shareholders will be diown over any of the properties. Applications for shares ii'iuhl be forwarded to the Brokers, accompanied by a ohequo for el on each share as application money. Wellington is advancing enormously. These properties must eorrtsp'indingly advance in value, and with tho increase in profits '..itnrally resulting from consolidation and eoonomy in manage, .unit tliry offer an unparalleled field of investment, This is no speculation. It is a sound and solid business udcrtaking, with Big Profits aaaurod. Apply for SHARES AT ONCE,

BROS., WOODS' GREAT peppermint YY CURE for Oc fails, Is Gil, f Gouglui and Golds nevs SYMONDS STREET AND KARANGAHAPE ROAD, REPAIRS IN ALL BRANCHES CAREFULLY ATTENDED TO SIGHT JESTING my specialty Glasses 'accurately Gttod. Satisfaction guaranteed, <?. E. BEAD Consuming OpticianB G. M A0I! STOOK AND SHAREBROKI.It Stoox Exchange, Tolegmph nddross,— Mncky, Slmrobroker Auckland. Letter*— Box 84, O.PO,

'tgMgt fig, '¥MH m j A j m I i «£?& n **s t*3l\ as m wm m W'ir. . mw@! ;«(> .::-Jl m; j«jS nivwrwO *ll *wfcsv. *W»