Page 9 Advertisements Column 2

Auckland Star, Volume XLI, Issue 45, 22 February 1910, Page 9

f Applications for Shares in the Australian States and New Zealand will be received on behalf of the Company by the Union Bank of Australia, Limited, at its principal > Uslm MQKTER Ur OF S |f^/ -* 8 «*« M1 - N-2K- "»»* "fey ■«-« -Bmilc ■" dif :^Wde «"Adelaioe. IT IS PROPOSED TO ESTABLISH M .AXJSTRA- , J This Prospectus is ' being issued sinmltaneotisly in Great Britain, on the Pontinsnfc, and in Australasia. \ A Copy of this Ptospeefcus has been filed vrSh tbe Registrar of Joint Stock Companies. " 0 '•■■.!■ I Tfie Subscription List opens on Monday, 21stFebruary, and: .wBl .close: on or before Thursday, 24th Ifebrnajy, or =Great BHtainJ «nd on or ■before Eriday, 25th February, for the Continent -and for Australia and Hew Zealand. ' I The BRITISH NEW GUINEA DEVELOPMENT COMPANY, I LIMITED. :;¥ .'- 1 I . Incorporated trader -the Companies (Consolidation) Act, 100$; , ''' - " - I Tie Guarantors who shave subscribed tbe Capital Of the Vfendor Company and who have personally guaranteed the subscription «f oyer one-half of this issue in the proportions hereinafter mentioned are , I as follows:— ' ' '■- '"'' " ■ '< y- ■■*■■•''• '•' ■;■■■••''■ i e n?er^\^rnof^^l'?e»'s'?-' fo l- A-HOKN, Esq., D!rector-of the BantorfT, J. BRASSBY ' Esq., "*» Manager otjWALTEB GBAtfBBBDAr*. *N* J.P., BENJAMIN NEWGASS, Esq., of Messrs O. Messrs grander; Viscount eSote, G.cvo kcb* ' Adelaide, and Chairman Kuala Selangc« the New Zealand Insurance Company. , Coalman of Messrs W. and 02. Ayery, Anderson, and 'Co, Ship Owners. . I Sir WESTBT BROOK PEBCEVAL, Kubber Go., Limited. E. ■ ELVY ROBB, Esq., of Messrs Elvy Limbed, Birmingham. ' B - Newgass and Co., Merchants, 75, . v. .-< ". - v *~:_/. " »Q'j,: K.C.M.G., Director of The Union Bank..,. _„ T _„ __ ■ mvTtri „—,—,-„ «* _„,. Bobb and Welch. „ " Ijombttrd-stL E.C. i The" Hon. J. G. JENKINS, . late Premier'--1 of- Australia, Limited, and Director or Ma 3° BRIDGES WEBB, Chairman of -the «" ua v ™ v. , g ir CH AJII*SS ,- EUAN-SMITH, BLOB., .VOmoirra-Bi-, IU.V- , Snath Australia I the Colonial Consignment and Die- [ Baltic and Mercantile Shipping- Ex sir MABTIN CONWAY, M.A., F.5.A.,, C.5.1., Chairman of the Lisbon Tram-' Anstraim. .... _ . .._,.,.. tributirig Co., Limited, i Change. I F.B.G.S. : J' ways, Limited. ]P- ELLIOTT ALVES, Esa. Ti--« Hon. GEOEPBEY HOWABD, M.P.■' .'. A TT» - . "._• m £1,306,000 I Divided into 1,000,000 Seven per Cent. Participating Preference Shares of £1 each, and 500,000 Ordinary Shares of £1 each. After 7 per cent has been paid. on the Preference Shared the Ordinary Shares will be entitled to 7 per cent and all further profits.ayailabiefor distribution will be divided into two equal parts, of Which .one -fil be distributed among the ' ' ': i *_-».., a/* ~ „ , ¥ . ~ *?"£? °X}?% Preference Shares «* the other among the holders of the Ordinary Shares. The Preference Shares are preferential as to capital. - ' -.';<'. g tSJKS* Copies. Bank, Limited; The Union Bank of Australia, Limited; and the Bank of Adelaide, as Bankers for the Company, at* authorised to receive Subscriptions ior an Issue of 500,000 per Cent. Participating Preference Shares of £1 each, which are now offered for Subscription at Par, leaving 500,000 Seven per Cent. Participating/Preference Shares of : 41 each and 252,000 Ordinary Shares of £1 each available for future issue. The Shares now offered are payable as follows:—2/6 per Share on Application; 2/6 per Shareon Allot- ? ment, and the balance as and when required in calls not exceeding 5/° per Share at intervals of not less than three months. X *™ ™» BraeS l %S For "th' t C Com.an, ] ' ' M ™- 1 «" «*«W*» «*3TOtAI. MAKAOEB IH (Chairman), Northland House, Dungau- The Hon. JOHN G. JENKINS Gate Pre- wealth of Australia. ' or *?? i™Z ifr W ' Blake and Bissau, 120, William-st., .'....,'.r" .. .. non, Ireland, ' mier of South Australia), 12, Windsor 00, Old Broad-st., London, B.C. Melbourne. • nr i»* ' a n il ■>'* 1 , ' ~,'i- .-.■«.f * c r^ ll e^^S . J 0 "" W -' MerC^t - lOMO. BAIZES. Relent »- «- Baynes, Adelaide... Brisbane. ; S ? of J "»»«.«»- G —• AUStIIAI ™ I^S SORY COM- The Capital and Counties Ban,, Limited, tONDON BROKE**. > O'Connell-st, .^ 9 um 6 , '"'> <f ■ W. A horn, Esq. Director of the Bank of Sir Alfred Cowler, Chairman of the Bank Branches 1 London, E ' C '' and pills, and Co., 1, .Cornhlll, London, E.C. Bell, GuUy, Bell. and Myers, Wellington, ,"' f ; V.' >:. ~ " Z\, .'I Adelaide, Wimbledon Bark House, Wim of Nort Queensland, Limited, Bris- „ , Myers and Co., 6, Throgmorton-st., Londoß, N.Z. SECRETARY iASD-'RPRKTPVVii'' ' bledou. bane • The Union Bank of Australia Limited, 71, • E.C. . " . V^-^.'.''£^v*o.raßED The- Hon. C. STANLEY .Director of the Th 6 Hon. W. L. BaiUleu, Member of the The^or E.G.; and d H ,_* NIWW ADBITORS AtTSTRAXIAIf BROKERS. <- _ V S>FX%CSS. .-r- |; ! srave-sonare, S .w. "»"■ =• -I _3_SS*»~ «— - ~-* "Hjfe^ff-->■ ft *«^g*«J«^^oa^ pS **. )».,.«„„„.,,;_. Jrf-»..-.,»Sjfe^-iii-This Company has been formed to acquire culture and issued "hr anthoritv" ™lr« — ■ ... J g I .. gjfa ■ bourne. '; , EC# ...'-., New U ." dn ,S° n^ d J ands situate i? British tie following statements .with respect to To P...™, VS' t^.^ 11^1 ' 1309 - 88. The qualiflcation of a Director, other, ander Cooper, K.C.M.G.,. of Brisbane In Under thi a«~»«.t,"'*'«- ,: . ' ' SSZXv (otherwise known as the Tern- Papuan labour:— respect to. To Papuan Lauds, Limited. than a first Director aid any local Direc-' the State of' Queensland (Suet "justice ft * ■ A S ree fl l ent. the Honourable John tory of Papua); to promote the cultivation on "The indentured Papuan labour is con- 15%f%r ** m^ T>^ nt Sf 11 ' tor m «»*. ■»»« be the holding in Queensland), 4,700 shared; Jaies HenrY ? Mcf" P„^, ey - J : S paid'by",the VendS such lands of tropical produce on a large sldered by competent authorities as onit S^^s^t* 0 1 5- , J - Boyd 8 W¥rt* "is own right and as sole holder of Shires Connel, of Cressbrook, in the State of f n , S7 J * v ? £■ £ ? 00 and expenses j££LHi. eSt SS? and , carry on financial, equal to that of tieKiSS^StaS tafo I SS?JSI„ *, consid / "practicable, from or Stock in the Company .of the nominal Queensland (Grazier), 4,700 shares-John It - proc; « ed V6 to Papua and investilat^B ■ ■ f» general develop- the Tamil of India and Ceyion »Zw^^ % c "J*?? £?* 'value of £606.-" A Dirfetor may' act before Hunter Brown, of Brisbane oreVai'd fMer- 'S? P^°P era es,.ahd' has" since been Daid~by ; I Sf«^Sl eSS LH develop the resources of sent time there are about 5000 indentured fits chSS' **' *° f 9 u pro- acquiring his qualification, but shall In any , 'chant), '4,700* Herbert *? m » *urdier'-sum ■ of' £350 "subs? : the country, and to construct light railways Papuans working satisfactorily in Pn be earned,- r I case acquire .the same within one month Brown, of Brisbane aforesaid Oder- qu^llt services. .' ' ' .**". .ior "?"?* ' oaS l^S' o ( ro S^^ u S»^S,. Tory - ' ril f, r are Principally engaged in mi"- - fronl Ms appointment, and unless he shall chant), 4,700 shares; Philip .Matthew Bices $•■&? Agreement cated the «th Jhne ?"« 1C ° r P"Tate utility; to ing operations and pack carrying work, both s S o Sdo so he shall be deemed to have agreed Of Brisbane aforesaid (Grader) 4.700 shares 1«». and jnade tonrtvrS-l f n S=S? ge . colonisation and, agriculture by arduous and somewhat uncongenial employ-' If I §- to take .the said Shares from the Company, and Claude "of Msbanl Limited, of tiie one <,'TT? I SS?%,?? d,l S ,C, ? S ,"?^ a f? ,; to utilise tte ents to natives! of this character. ... P n . % | I and the same shall be forthwith allotted (Stock and Station I&6QCf gS*?* 1 l^fi?X^^ J<?taE !?•^ I, ' 1 Bona Falls on the Laloki Elver for any in- large numbers of natives in th m .th,„ ' *?■ * * 2to him accordingly. . . T " "' -r"V' , ?v v ,°«'" : 'P>- irt »_ ,"?" ome ■»*«■- - -• .■. dnstrial purpose and for the other, objects voluntarily undertaken luch. tasks Sfevwll? * *" « accoraingiy. life fn Agreement ***> the «tt January, "• dated t the .20th De *' : ■•set- forth.in the Memorandum of Association, much more readily accent servie£ for n inn+» i 89. The fixed remuneration of the Direc- i ,tX,V and I^ !Ule between Pacific .Explorations, °, ',?T B ' *f. d «nade betwen Papuan : Lands,' : HiSTOSY. -tion work, as they are accustomed to Sri- SSSSS SSS SSS 1 SSSS 1«g tors shall be the 'sum' of * £3,000 per annum, r™**"' °f the one part, and Papuan Lands,' ■^5™. t f d V. °* . the one fare, and Charles' The Dortion of New Guinea now known cult ural pursuits. .. . .The wages ranee 5?- °- 5 - -*--- *.?.« 8.555 8° to be divided among them as they may ** the other part. Under this Alfred Oarjtag of the other part. : Under' as Am rtM to%i rta7«dmS(! '™ 5/to 10/« month, Ifltll flEd S S 9 *$ SS W BSS SSSS aS determine, and, in default of such deter- ASSSSfsh-S??"f ot .the,said. 223,000 this Agreement the" yendor Company agrees tne &S C.L ™ IjS to ul° ««««m>odaUon." W> ' loO<l Md USe x* ** ?" ,«' IS?" 8 ® 8 S | mination, equally. The remuneration shall S^f^, >ar ? are to be allotted to Paclflc to 5,000 of 223.00U'. British Crown about twenty years ago, and" Tbe cheapness of labour -will, it Is believed. ? J *« 1 '« be deemed to accrue from day to day, and rS2E?°„ Limited, of .gres5 la m House, Prdtery .Shares to the'i'aid Charles Al&ed ; on account of its nearness to Australia ana p I°J, a most important factor in the success « » . ._, ~ ?S all * be aor tionable accordingly. The ">nuon, t,.i„ pearling for •.seryices ,to ie rendered.'"''" l \-i ] the.consequent necessity for prbtectina Aus- of the Company's enterprise. • I «:: Ci : :; ; ;; ; .•; ;S . <. Directors shall .also be entitled to receive 5. An Agreement dated the 17th January,: 20: An" Agreement' dated ;*he, 20th be-' ! tralian interests, was at the request of xne MANAGEMENT '■ '£. '■ S! I : Z: ; ;; ; ii - :-g '- Ito o .™ yf ? r a f um e'luiv'Meht to 5 per cent. ««». and .inadp between, Frank Spencer, or c.ember, 1809. arid' made between SamueLl: Australian people placed under the control .Mr Darling, who has recently visited and'■ &-.'. :>. :c- ;-:: : : ; ;:; -*= !; jffl the net pronts of the Company available the one part and Papuan Land's, Limited, of Spencer, as 'trustee -for and' on 'hehaif 'of ,ii of the Commonwealth Govertiment and inspected the principal propertiesi to befac:' - » : :": :• » C ? rtt^i^ fao^ lte * pr^ -1 n lor sfe. Trnd ? r „ taiiß Agreement a fur- a T Company intended to ,be fS^a^tbelnE granted a constitution on the 16th November, quired, has relinquish a/important com- o 2 »2 : £ « « -2 f B rf.^SSL^riSUi W -8£ If arl fcfffi 223,000 Ordinary shares this CE^ 1905. The new territory was thrown open mercial position in London, andentered into *«'"' ' tfS "I : I 2 :1 !jh,££j ~™s„2fSj^^f "l S *S&. r ?2r 6 J en <* Po? Darf"^^?"' by the Commonwealth Government an agreement with Company to^c .Si. '-=SS **S" ?*" s -* JI th£ M ft or ! n A »!_,,. - I&&- : for the cnltivAtion of .tropical produce and VABrBTY OF PRODUCTS SSSSSS2S?§ "f-SSstS $S »„„ „*.„. „ Ho ™ to Melsrs.' jSjTaridDarnnt' under M? d ' -,*s& one part, and Ellis - :for other purposes, but the Territory ha s The «S» of ti?e Story of "««**lCT* § *% £ __Vmt- a «^^^^"lneysal-_^_S t SSS?*i r^ 11 c of i f™? Papua " Etates SSt by reason ot. &St« #£ -1 S« render whether of teJ rSL^^f" 6 , to }£ allo T P d gnve 1,000 of the said 223.0W Ortfnarlshlre^ EXPEDITION TO PAPUA. Poncing almost ? " ?, S " § 11*11 S fe I |Iyu\ut S^^^aVj^nf < S Agreement dated the 20th DecernHaTtoff regard to its undoubted fertility prOdUC L*"?? J? the « possesses g " _■ .g* " B |.« a -S Article Is Inadequate, the Board may ar- ' - m c *er, 1909, aad made between Papuan-Lands, profusion fnuigenous plants, & IoS iS H„ { „ C J""S ?lllllSl§§g||^SSßß| ' Eflf «»*• 1 W™ o4ol for such special 7. An' Aerecment dated rh» 91»+ *- „, Limited,' of 'the .one part, and Myers .and convenient waterways, and mineral weaia! aiS- ThSS^inetafl^ «Li ,? y j£** & irf s^rf-52«.2-S S St€- remuneration for the said services, either AWE JSo§^^ L'ZZ k the ' 21 & "f 7 S 1 ! .Company of the other part.* Under this the present time as the result of the-prp- Timber promises be .a useful source of g'•* =„ :f 5-. ft^|§s : *gjjW,J* fU»« un 4~ the ¥ st «* S^so^^QP 5 «■ * Port p^d^g^-g..t^osonra^» gressive policy of the Commonwealth Gov- revenue to the ComDanv The coimtrv is In " I S " *.•= : S S:«S§- *3•§• r § „ - ceding Article. s , »__„„„„,. „„„„.,. v_ , _ Alfred Darling of the second'part, William ST^hS} c d Te 5 d ?i, 1,, - c iS , * ,3 •"SStf S areW m neavily ttnSSSd? M? «ISiß. : .g : g||S6 -«g(3 :||= S S h 107. The directors may from time to time.: daW P th^ g o u\ £*&& Dalrymple Andersod of the-third part, and and protected, and the climate is, with Darlhig, in his General Beport, states ■ that ,o Sg» i, gS^ b S a PPoint oneor more of .then- body to be a "JannarT 1900 and IS « ' ?§S Ernest Edward Head of the fourth part. i reasonable precautions,' not nnhealtlhy for the timber on the lands proposed to f"S"n g-§ -g «>^"SfefSSIMS . iS&S-g Managing tMrector .or Managing Directors OrtobeT' S nt.^ 24. An Agreement constituted by a'letter exceptionally qualified for the purpose, viz., „ „££! n _S mini £.„ *?£„ «™?S. <w,m, PBOSPECTUS. ,„ _. _,__ « , „■■ t *>• An Agreement dated the 20th Decern- Harvey ' '-"'." .'■ ■ f'ZT. ' , " --•■'-•: " The' Hon. Jotai Greeley Jenkins, Tote Pre! tod a read? maSef The , After the sixth year the profits snould n iS^^S Ct ° r lDay ,-i and P 37 the ber, W09 < and made between Duncan Elliott 26 An Agreement dated the 15th January mier of South Australia, and Mr. Charles Cbmnany ta Inteeaty fdrth<?~ areaT ln <?ease *y *. minimum of £50,ijpo P per an- £££* Board or of^ c lv . eß , of tUe °™ Part and Evelyn Jameb 1 9 10 and IS Alfred Darling, the prospective General Man- select for theS- timba-beartag SK * .«be" whole area proposed' to "he, ffltUhtTAn?Z as T tt Metcalfe °* the other part. Under this tted,' S? throne partf andT>a?nan^Unfirafe ager of the Company's business in Papua, character S antid fefeSS 1 W tt WP ,(provistoiial&>ced at, HS 0/ ?SLIS? VC ? ny **& .Agreement the said D. E. .Alyes has agreed ExploMtion, Limited, rt the ! other 3art. With the object of obtaining official sup- blsefm-ed MroJbert Burnett : 10,000 acres) Js .In fml toothffor .^? agera lu a 7 ,d ? ppolfflt to pay *<> the said E. J. Metcalfe 2.000 fully- under this Agreement Papuan' Minewls^i!fXn^^nrfSt'SkS e -?to «S?SSafis &Sl l _>»• .coltivaUon of cocoannt trees ior the SSSf OI «•*"* Jtt his ° r **' pUlce « Ordinary shares pf tills Company, and .proration; WSSr 3E*2i information at first hand as toMthe conditions to the Commissions of Lands, Port Mores- Production of copra (the raw material from I *T* " f „„„,„„ .M. , a to give to said E' J. Mac ? He a call "above mentioned:.' --'" .• •" - 1^ , ' under which its work will be carried on, b under ; date 28th May, ISOB, after mak-. which cocoanut oil Is manufactured) .should of^n f "Rowing Article defines the right i p „ <« 10 000 .shares for services rendered • Various agreements nnd .arrangements,as M^S!S 2l, DalUB % *1 M ing an examination of the timber lands in *•«> be proceeded with, thus' providing a' of^ otiB « at meeUngs of ,the, Company.- % connection vrta the acquisition of certain to sub-nnderwritihg haye been made, to P i l *• have invaSaMy fenhid the turther considerable .source .of revenue after P- Upon a show of hands every Member 0f he . aM lands ' ' none of which is: the Company a .party. The JJSSLf r«ir »citiW to? best timber on the higher lands, "and .al- the strti year from planting. "'•"" ' present in person shall have one'vote only.. . 10 - An Agreemen-t dated .the 20th ©eeem- amount of the preUminary expenses '.(apart nocaraea a sympawew: rw-epuou «j though I have met with immense areas of £° ,those unacquainted with the extra- VB?, - a J>gll .every Member present in ? er 1909 ' constituted "by a letter addressed' ' iroiri the nndesrwritlng .commission payable, the Government Departmentsconcerned,and Viihafele timber 'on " the low-lying ' country ordinary fertility of these lands these estl- Person ' ,pr" by proxy J£jU .have one vote *? rmccan Elliott Alves to Murray AlforS under: Con tracte Nos.' 12, .13," "and >4)" is .estiwere given every possible assistance and in- whlch frlnges the coastline of the Terr i- mites may appear high; but It will be ob- ''for every Share held by him on which there' Murray Clarke. Under this Agreement the. .mated at £.20,000,,, and .payable,^>the. Commxmanon. toTyj j believe that in years to come, when' served that in-every instance my estimate is if* no calls In arrear. - ; £ald D. E. agrees to pay £300 in cash pany. Under' Contract. 1 the y.eridor: „ , , EXPERTS. _~•.. the present available supply is becoming considerably belO)v 'those of '.the •experts. The Directors or .this Gomnnr «* «> ?? d £1,000 "In fully-paid Ordinary shares of Company agrees, to adyance the ;S»ms hecesThe best expert advice available was en- exhausted, an' even better class of timber employed to report upon the properties, anil' interested in the Vendor PnmmnT * A,- $£? Company ,to .the said M. A. M .Clarke: sary- tor .the JCo.rma.tibn . ; and registratibri ,qf. gaged both in Australia and Papua, and an wiu De found on ' the T i d gy country which 0 . tor. many years have been engaged in tono-tt'lne Extent-— for services renderetl in coimection with the this,Companyand.tip .issue ; qf its, Prospectus,' examination was made of & number of pro- leads up to , f}j e a ig ,]f mbuntalSrranges." ' ofiiclal positions connected with tropical agri-, «nd Mr' Duncan '351 Hritt- aw. L +5S£z3L acquisition of certain of the said 'lands. and is to be repaid the .same by this :Comperties now under offer to the Company. The -*'■ fYvrrhK ' culture. ' '" ■■-.•■ '-■- ' and as holders of bn»sh»tf X> li S^ ? fi „?? 11. An Agrement dated thelßth December "<■ r'-'i'.-- ' i.i,;.: v". : * ■: "'■ \".l > ! results of this examination, which proved ex- COTTON. . ' :The 1 of bearing «nd planting' the amjEOsfflK l W*s&JSXfel W, and made between Paouari LahU Ijm Copies of the Memorandum and Articles .of tremely satisfactory, are embodied in the The advantage of cotton growing within, .(inclusive of seeds and plants) 1 knfl^Mr^? 9, SteS..of thTone partlnTSaCl SnencerTs Association of of the Papuan, Reports which accompany and form part of the Empire is every day being more appre- an average of £5 7/0 per' acrte iri^the ?he hoWeS ' out share S" ii «S"_i? trnste e tor and on behalf it Land .and Labour -prdipances , and of the this Prospectus. The experts who accom- mated. Papua is well situated 'for its Belt, and. £6 10/ per acre in the Wet Beit find Mr" mSw. *1.000 «ach, tended to be fomed PaoimnMiuerak above-mentioned Contracts can be inspected sl panied the Expedition were Mr. A. J. Boyd, growth, and the Company proposes to carry .these figures being Abased on the assumption ¥£La££i,p2sߣL,W's t sß* Jj^ n « ExVloratim Llntitedll of thP oth?r ™i •at the Office !of the Company's Solicitors M of the Queensland Department of Agricul- on this industry on a large ■scale. In the that our own labour will :oe P (SriS' C *&.&*£ 12 An A^reSeSf da£dl™ SSL, London'.^Parii," SfiTfiSnrlff' SyoneyT Brisbane! ture, and Mr. H. A. Wlckham, -the well- Report, which accompanies this Prospectus;, tracts were actually offered tome when In fSnfrfm ' fiald , .baTlflTO lafrlnaai ;^'™aagSi^t^^Hi ! Si I £-S4 known Para Rubber Expert Reports were by Mr. Daniel" Jones, the late Cotton Ex- Papua for clearing, and'planting (exclusive: B^^J^e ben.efltaalb' ST *' |2? %^ e „Hi Ste a - ln - and 4'p.m.iWJiilat.the,-Sub9clip.tiQnrl4st also obtained from Mr. Gilbert Burnett, pert " tor the' Department of Agriculture in ; of seeds .and: plants)- at tie rate remains open. Applications for Shares must Chief District Forest Inspector to the Brisbane, he estimates the probable profits, per acre for Ui e Dry. BqR and £6 be made on the.form accompanying thW Queensland Government, and. Mr. A S. of cotton growing in Papua to be £32 per. Wet.Belt. In addition to .this expeSTtnrt/ |_S^iSfen^A , ftg^lS rf -^'^ ! %' ffifiJ^X*sHbSS^l?__2SlS^?' Prospectus., and be lodged at the Company's 1 Bloomfield, who is largely interested in 1 acre net. Samples of cotton grown on the however, it will.be necessary .before the- If Fri^irH^n^,, A t? 8 d & mc,iety Pnan LandsLlnuted bankers, together with the. deposit "for the" Papuan industries, and is the author of Daioki lands. in Papua to be acquired .by above profits can he provide mllS: 3L'^ d eginald « ai rey. who is now pre«ntl'ssSe to^n amount payable .on .appHcati 9 n. In any case. "Tropical Agriculture in Papua." As a re- this Company have been submitted to the wharves/ warehouses," Housing ' acSmtSdT-' rf^Tj l «' ! >t ? ' ; S^ 1 Under Agree- SfT M*» ffSSS where no allotment J,V .made "the'deposit will suit of the work of the Expedition much Liverpool CottonT Association (Limited), who tion. offices, .and means of Kns£rt\ *£ite "St ?°; €l'„* he -""S, g° n -, J - 6 J.enMns hereof dn "cash.''and "is to be returned in full, and when the number of valuable information has been obtained, and handed 'the samples 'to Messrs.' TfVqlsten- tocllities .should be conceived ih a libera! rS mnn^ c £ f J* 1, 7* > j2 . tbe 7* *°* SoS f nUy^aidOrdinarv Scares allotted is'less than .the number ap- f the directors are confident that the develop-; Mmc aMd Holland, who" report as'- fol- ipirtt "with a view to the vast possibilities $5? P A y 5. h rf I? * for himself company " ypala V** l ™* Shares of the pU ed tor, the surp.lps.-wiß "gf credited & ment of this magnificent territory will afford, lows-— . •■• ■- .*..■--.. of the country and' the total and Charles Alfred Darling, William Dal- ,_ v , . .. .x „ reduction of the amonnt payable on allotunique opportunities for the profitable em- .^ cbe qualities are most excellent and -Win, ore, Jie 1 considerable." They' will S m , Anderson, and Ernest Edward- , M .AESfifiJßfint.flftted the l&th Jlecem- ment. Failure to pay 'any instalment when ployment of capital and the extension of wen ; wo rth further cultivation. . . . ! . however, provide for the output of a larger- ™ ftd .r shares. The minimum sub- »*j^J 90 "' 5™ made between Duncan Elliott .due on .Shares allotted will render all preBrltish industry and colonisation. Sample A—Grown at Battle's, Papuan cot- urea than that' under consideration and for h[ P*W£ n l&g° ma r „«: To,-^nrt P -^-S d „i?S- Ipellcel1 * vlous' payments Uable to forfeiture. A B.rokGENERAL BUSINESS. ton in seed, Value Hid when ginned, dealing with .the .products obtained from t o^^" 1 1 i,^ 250 !? )0 ' but °¥ to Stormed 3 " rase of 3d. will be paid - tttc It is proposed at once to undertake loan,' Good" colour, staple ' Song > and strong.; other planters .and settlers, In my ijudgment S, will proceed to allotment until *J-g *°*™ J°fE*J£ ,^ mpa ?J )^ the Company on all Shares, allotted on applicaland, and mercantile, business, and, in con- Sample B.—Grown at Rattle's, Papuan %in- a fair proportion of tSs expenditure to be nn >'f^ w J ,^! > ™i ao JLW "*=, Duncan Elliott 'StS! #«» *earing Brokers' Stamps. Application, ncction therewith "to' establish offices and ned cotton, value I3d to 14d. Sea Island allocated to .the ,area now under consldera- an J° ant . applied for hi Australasia is' n „/ ; ii' o J*,«^r^ , „, n ? d^F? VTite P lOOjOOO wiU be made to.the London Stock Exchange SSSSFJtIR3t%«rtSrS?,2SSLSS oLS?^»i«?&W«Knc- ' tita- ior the WW* # this estimate Is .f 0 ?" 4 appll^ _«» anS^Js^Xr^^'iat'totnfSS 1 SU l^lf^^S^fl^^P? centre and seat- of Government. With a These, prices. would appear to bear out ' *P-0,000.-• '"'' ; ' ' ■•-•• ■■■■ - , -to England .(Jnclusive of the shares SnS™ - ■■**>? eu■ lDa . Jor tne same hetog issued, and in due.CoprSe for an Official view to thi& object, leases of convenient tic" estimate of £32 per acre' profit, but 'The above profits are subject to manage- Jo be allotted-** underwriters) to make a' TiaidD™ L .Quotation for whole,of the .Ordinary lands in Port Moresby have been obtained Mr. Darling in his Estimate of Profits put's ment and standing charges In" Papua, !f Aup 't^Lf t 6 ??'!??- m t amount .payable on have X ***** «» a-nertod -S£S> ha fi f the AppUcatton wni by the Vendor Company from the Govern- the profit from cotton at. only £20 per acre, tralla, and London. - - •'•* P , is 2/6 per share, and the amonnt after the' firs? cenerkl P allotmfnf of S' ?J so i be : made ; f 2t SM S'®? Quotation of ment and a site for wharves and warehouses W ' SUGAR '" CHARLES A. DARLING &**s* on allotment 2/6 per .share. The KeSSW. ™ -i?^ i 4& fi!«te%M!Wl#^Government Witt a view .oob^lnm ff certain f success of its industry. It is the leasing, or cnlttvaHag the Company's other # ,- T ™l s -* llo Conrracre, wnlch may be: "can-Elliott Alves' to'take up number^St ' - -£I*% «, »«,' -~-i, .~x —:" V Concessions, and the government has in- ,Xmxton of the ComDany to undertake: Ja? d .Si marketing .the .timber On the lands de ,ed to be material, have been entered! shires -not exceeding io,ooo P in%y T eai D e?a ar - J^,* ea **f »» W- ' timated that it is prepared to entertain the a SflJrnWp. «ea, with proposed .to be acquire.d, ;aud lltili ß in a the *"■- month . and M 1 -default of his so' doing the r «•' |fe| S^^Jolt^cfc wTtoL of tnTitonT Fafis on the toloS the .best varieties of cane and the latest, Company's .resources in -.the development of no l, An agreement dated .the 18th January, option shall to the extent SUCh tS I iff^j^SfSLffiA^Slil^S t'S oolre'r ' types of machinery. .."'-' ..a rich and practically virgin .territory. " plo, and made between Papuan" Lan d s, Llm- forfeited. ' &*"A ".:.< Companies.ln England, OmittSng Only the River, for the generation 01 eiecrncai power. ■">.,, ' „'___,_ ' ; - „ „.„._, t*™^ 3 ™, , '■ «. , ited, of the one part' and Sumnrt 5„„«. k 14 ' An Afereehient dated the.4oth i -Reports .winch accompany and form part of The Rona Falls are situated within 22 miles RUBBER. ■ loA iSSf'ij , .as trnsteP for .nfS'ff.if 5 . C' L 14 ' A n Agreement dated the.-JBth Decern- • : «nch Prosbectns," out which are "too leiisthy of Port Moresby. It is proposed that this Rubber is also indigenous .to Papua. The; J*ta *J*wjd that tile -mineral wealth of gtoSSSdto be lormed nSS S &?*■ 190 °- and made between W. A. Hornfof" fOTpubHcftion k;an advertSment,'^^ Company shall construct light railway or sources .of the native supply consist of; Ksnua In silver, 'Copper and other tat ,l gW* a2SSS22:- -^- fine part .and Samuel .Spencer as trustee Intending' applicants for Shares!'are' nWmy connecting Port Moresby with rubber-yielding vines which entwine the metals -Is considerable. It 'is proposed, « r!„^ e ?i J SS - w % ft ZrLjF?*™?* for and on behalf of a Company to be form- vited to apply Air copies .of the ProspectusSapphire Creek, "and vhc Government has large forest trees. Considerable areas In however, to ,concentrate the energies of the, ™?„.J??3+ ViS™? 01 ! 7 ,? 8 3°. ty> J> a jd for the ed (being ihis Company), of 'the other Dart Including' ' Such'"' Reports. v Which can be intimated that it is prepared to consider a Papua have recently "been planted ' with Company upon tropical agrUnrtture and the „*" Under: this agreement W A HornunS-' obtoSed B ' ! , proposal with a view to the necessary■ iegis- Para rubber trees, and it is claimed that fita«BW.«j4 7°^fT' c gf_} „SSOTfMffit wrlt6B « 0 - *?fP? flf this issueTorl uf e ' This -riff-taXWvJ and sen entire lation on the subject. Lookintf to the influx a more rapid growth ,is being obtained .than, ffi&W fyjWfW nrineral jexnloltatiQn ™** a '%f v 3° ct * *?*„ "ff. „ and a I<,t_ commission, and .it is further proyidetl that with Deposit of 2s 6d per ShaS to the of settlers and others into the Territory, and in any other country. Mr H. A. Wlckham, ; Of the comitry to another company (Papuan. ie ' 'to the VeudPr Comnauy or its jiominee for the same consideration and for valuable. trn4<)n'-'B'ank i 'oX' : AuitralJa• Limited onv to the large prospective industrial develop . the Para, rubber • expert, .who was respon- Minerals Exploration, Limited), which Ms; 2E.Somlnees °* Ordinary .shares in, services . rendered, the said V A™T of• i£T imdermentibSf bAncs£~iPXT? ment. there should be ample scope 'for all sil)le tor .the introduction of Para rubber, ibcen formed lor this specific purpose.' Un- 1 '*£* v Cap ' tal ° £ v «J. c . Company credite,! .as shmll .have ti.e" option for a period of four bourne" IVrfh? BtiS^^ Hctart these enterprises. ' '■ . to the East, is. Ati present ...engaged in pla,nt-. m arcemeut .between the .Vendor Com- J?'^ n P "i d V„ r ?L Agreement the Vendor, years .after ,the first general allotment of or We llngtSii IN Z I 'to the' Bank «f LANDS. ing an estate in Papua. Mr. Wlckham,, MV .ft» a .PfiP.^ 11 Minerals Exploration, Llm-- .'R om *.a?y for .the■»«. consideration jigrees' shares' iff the .Coiapnnf .to take' vp ,„t par ' 'AtfoSS*?*r^K■? If-remittance be The Company will secure all rights and W0 inspected the Cloudy Bay 'lands' 'on IM* J% '% d 9 r Company has agreed tot $**$«*& $FJ£2*ggJ*fo*W of J h £ 1 , ? , *« .any .part of one .moiety of the made by chequer the be advantages, except as to minerals, accruing offer to this Company, considered- them, .transfer certain rights and render certain iLonrracx Ap. #> belccv mentioned. initial share capital ,of. the .Company re- drawn to i"Bearer,»" -and crossed 'in favour ; from the Expeditions and negoriationscbe- Very good "for the growing of Para rubber ,^r^c e j . ,tp Papuan Minerals -Exploration aAn Agreement dated the 4th September . maiuing .unissued, subject to the Drovi-M of the Bankers ' - 71J-.- H> * . , : l . fore referred to, and will also purchase Pro- tre4 s According, to Mr. Darling* re- L™iited,..and in .consideration .thereof 20 per 3009, and made between j,ohn Macdonaid,'' that after the first $eir :^e s: &,nlpai P? " *&&&&•;. ' visional Crown Leases of the following lands, port Para" rubber ' trees at "5% years CM of the n«t Rrofits of .the latter Company ArcMbaia Alexander Hdslop Hmit'er, Allan, the paid W. A. Horn to take up any m.. Tff„™ r„*„~„ i» -i which .have been granted subject to survey # Papua axe as . far forward as available for .bUstributWn win .be .payable to! Alacgregor Sinclair, Evelyn it ames Metcalfe,' number of shares not exceeding ' 10000 in '* • J,tUJUI ««w- Vraxne» JJerelopregulations under the Papuan ,Lapfl Qrdi-. -* f 7 years ' -growth r 'in Ceylon.' this Company. ■ 1 ■.-.■■< . George Love Waxry, William MRiett Christ: hMnth;'and'ih"^defa^'of^te'-so : men± Company, Limited. -■ nance of 1906:— . , The Directors therefore anticipate a com-' " P,UB.CHASE COJfSIDEBAI'IOJI. tiaa ' and' Claude Mussbn of the one part! do hiS the option shall to the estdhf of'such .CAPiTAL -fv . •>'' ..: £1,5067000----40.QC10 acres situated op the Br9wn River. parativeiy 'early and "steadily '' .increasing Vendor" .Company" (Pappah. Lands, and Papuan Lands, Limited, of the other re gpest be fptifefted. - , ; / -" - •■• Divided into 1,000,000 Seven per Cent Parti--30,000 ' ','," „ in the Cloudy Bay Dis-' revenue from rubber. "' '''" " ' Limited) is-;receivihg , lrom this .Company by art Under this Agreement, 30,000 of the. , 15. An Agreement .dated .the Ist June cipating Preference Shares "of £1 each 7 - '" '•'•'" met. ' land TENURE REGULATIONS. • way 6f purchase coiisid'eration a total stun of above-mentioned ,223,000 Ordinary shares' 1009, had "made- between Duncan ElUott and 500,000. Ordinary Shares of £1 each. . 11,000 „ ,', on Redscar Bay. Agricultural ■ and ;pastoral leases, under 1 £275,000;', but of .this sum £52,000 only Is ore to be.allotted to Claude Musson, of 151, A'ives flf the 'first part, ',' Papuan Lands Offer of SCK>,CHX).SeVeh per" Cent Participat--9,500 „ „ in r.he Laloki River' sectiou 16 of the Land Ordinance of 1308,1 payable in cash, and 'the balance is to tie Elizabeth-street, Brisbane, Queensland, tor Limited, of the second "part, and toe several' ■ ing. Preference Shares." '•- . - District. have ft maiinitrm tenure of 09 years.•' '.The ' Isatlshed hy'-the allotment to the Vendor *»d on behalf of himself, .John Macdon- persons named in the Second Schedule "there pasiable as-follows:—2s €d'per Share -on 8,700 „ ~ in the Port Moresby,. re 3 ]. leases is determined at : Cohipahr'or its',nonnripes of Ordinary aid (Civil Servant), Archibald Alexander -to -(being the -Guarantors mentioned on the Application, 2s ,6d per"-Share *oh Allotment, ' District.' - 5 pg,. centt and of -pastoral at a}: per cent of shares of £1 each,' which only rank for divi-; . Hfeloj) Hunter .(Master Mariner), arid Allan first page .of this Prospectus) of the third and the' Balance-as "and 'when required in 4,000 „ >, in Orangerte Bay. the unimproved value of the land. Leases' dehd " after 'T per.cent has been paid upon 'Maegregor Sinclair (Merchant), all of' Port part. tinder this Agreement'the said Dun <^alis hot exceeding 5s 'per Share at lhter--5,000 „ ,', in Milne Bay. are reappraised every twenty years during! the.' -Participating Preference shares ''how Moresby, in the Territory of P,apna; Ev.elyn can Elliott Alves is .entitled to receive for'- r"• Sals' of not less than, ittaele months."' ' 2,700 „ „ at Cape Rodney. their currency,'hut If on reappralSemehit tiip : -Offered : tor' subscription, "- tfnder Agreements James Metcalfe, ifif Wellington Club.'Lbn- services rendered, five shares of'-£IOOO each : .-••••' -«- '■ —" : .-'. :-• .', _ 600 „ „ in the Soger! District. rent is raised by hmre '-than one-third in toe' mentioned below,'the' Vendor Company Is don : (Gentleman); .George Love Warry, of credited as fully paid 'In the Capital of the' EOBM OF APPLICATION FOB, SHARES 500 „ ■„ at Galley Beach. disc of agricultural leases, Vand~*.brie-'fourth. acg.ulrlug, the leases to be' sold .to this Com- Brisbane, Queensland (.Merchant); and 'Wil- Vendor .Company-; ' --~.•»- ," To the' Directors of The British New '' These lands total 112,000 acres,, situated In in the case of .pastoral .leases, the leasee -pany tor a total "consideration of JE®;O3O, of Ham- Millett Christian, of Sydney, New -,„ »- a™„~..„_4. *■-.. * **. _L ' Guinea Development Comnahv r.i-mitrtfi • various parts of the Territory, all of which, may disclaim the lease, and .Shall thereupon which £1,800 is payable in cash-and' £66,2i0i -Sp.utii Wales (Grazier), ;who may be Vendors ~„ ,s£ A S r ,ent dated th 20th Decern-, Gentlemen,—Having paid except Sogeri, are easy, of access by wSer.'be entitled' to r«;eit,e".coiripensa:tton for his in. Ordinary. ..shares: of .this Company, in:-'within the meaning .of the Act and are in- Pe.r.W. .an? between Papuan Lands.- the sum ' of £' " ". ■v? iSS|!. and are situated partly in' the dry belt (rain- improvements. ""Pftr 'the' first period of addition .to the lands in respect of which a terested in the said 30,000 shares in the fol- Limited, of the one part and the several: g De -- jSherV'""navaWe- <>«i fall 30 to 40 inches per annum) for the twenty" years' the' unimproved value" ,of • Consideration of £G5,050 is payable to tfce'l 'lowing" propoxaons-iClaude liusson, B.SOO persons named -in .the Fourth Schedule, •*<•*'* " V Sj«y*""«4S? '. growth of sisal hemp tobacco, cotton. etc„ agriehltnral land jhfls 'been, assessed" at five, .original ,the -Vendor -Company—has ( shares;-John Macdonaid, o,ooo' shares; A. A. thereto of the other .pact.. Under this Agree-, -v." •••=•-• Sartlcmajang 1 * 1 !* .Shades lid partly in toe wet 'belt (rainfall 100 to ''shillings'' per v acre,' and ptistorai "tand at ohe itself acquired and is transferring leases l|o 'H. Hunter, 6,000 shares; A. M. Sinclair, ment the parties ,thereto of the .second part «5 1&k ' W "%'■; #M-, "' in- om--150 inches per annum) for the cultivation of "shilling , pet- "acre, ■,makih-g~,a rental .of'three-' the of' 1Q;000 acres., and .has 8,000 shares; E. J. Metcalfe, 100 shares;. G. (being the ' Guarantors mentioned on if iwe • n^ L. nest you to allot (he/ rubber cacao cocoanuts, sugar, etc. Papua: pen^etpgr'acrp'to^..ftgr i land, .and.'.one considerable expense ill regard to the Ex- L. Warry, 100 shares,; and W. M. .Christian, the first page of this' Prospectus) each- ?'' ■ alum ''is r i o Sharesj and I/we'ap-ee 1 lies outside tie range"of the hurricanes that". fhilßng^per.hundred aftrgji Jto'r pastoral ,]an.d.; setUtdcn,' aegotljitlohs'ana cbghate matters. 3,000 .shades. ; agree to suhmnderwrlte 4,166 "shares of the, s nn + < ?S^.^S»^ i iS?tS' &$i *U?h.er RM lc^aSTa^ G^^; i^and^mle^^^Po^ traordinary fertility of Its: soil and'splendid; first- ftepj The thh|- jhe foUowtol information is tarnished .in Cooper, James Henry' Mc'CotmelTJqhn Hul- ; .payable".as oM^ptety '^hereof'to «&£' SfiSr? fL^onicai e? aS'fcSture' XreSver* 1 'S&SdS''£W atesf ; eprnpyaitfe witt>.the provisions of thKCoin- ter Thomas Serhert'Brown/■and;' & fifty IW*>'<* /A* vUno^ompaty : S ESSJSk SnW ? #hlh'' VAct, PhiUb Mjithew Btoetoto as "The: iotineht of ip.riy*aid %dinarj &SL % >rfp ir4l*W %ms£ as.no exuuLt » . i*mrf«-» trvitr &J-fSHft-l?S ' anHrT 81--P--. contents of the of As-' 'Queensland Papua Syndicate ) and -the ,sald, .capital pjf ihe .Company.. .Of the .Said; names -.upon- the BerfsfaT^^SnareMnMSS^J^ p °^^JSri^^bn s and are The contents, of .the of As- Thomas Herbertßrown, John Hunter Brown," Guarantors bf 'SrtlW^S|®^|M, r M^StetiC^^'atif Setting -Cn°tivS|: £F S?? tSSSfffSSSffiHt S* C( > m .P^ : .~ J* " «SeS Wl ' Tsn Theonlv form .of taxation, otbjS portfehs of the area included 'within addresses of the and the jram- Bfgge. and Claude Musson, of .the.one part,' Bl f West by Brook PercevaL the Hon. John: - 3rd >'^'i?C;r'^^-*?.*»-^» pai ggg «g» ** m "—" In the shape of moderate ou&es pn. ESTIMATE OF PBOPITS. ••■..' 'Pr'ospeotds and form part -.thereof. There of the' said '223,ooo 'Ordinary- Shares are -to " nllcan -*|«Wt-AW* rf, .-a. . : *™ BOS . i V.',-.V'.-'/.'V,T" , """-",r^* ■ j certain imports. •. The subjoined Report from Mr Darling are no Founders' or Management or De- be allotted to the Queensland Papua Synd'i- .17- An Agreement dated -the 27tn May, Description ■„.-,,,,„»,.„ • ... ' I liABOUJB. deals -with the question.of the probable pro- . erred Shares. The .Articles dealing ' with;. cate, or its nominees, the following persons 3909, and mode between. -Papnan Land*, . _.. ■ '■_______, ■'■'■■" If" L ■"•:""■' I Trjte «Htendboak of the Tertitorx ■«?. s^J*.*]*^^W^'.*3 |^'*r^lealj»er feW't 3 the qaaMflcKtßjn and rranpnflartntxfCflH- toetog Interested far tt» said 30,000 sharea to'Xluiftal of Vie one part «n4 the Hon. *^pWrß«^f^m»»U»,