Page 7 Advertisements Column 5

Auckland Star, Volume LI, Issue 195, 16 August 1920, Page 7

ABRIDGED PROSPECTUS OF THE Pukekaroro Quarries Ltd. i A..t -ions and Its Amendments as a ' (To be Incorporated under the < ompanles ■*<<•>" „ ■ ' Company Limited by hnares.) DATED the 3rd day of August. 1020. Filed witb the Registrar of Joint Stock Companies. Auckland. CAPITAL - £100,000. (In 100.000 Shares of ill each, of which CO.OOO are offered to the public, nnd 40.000 held In reserve.) ISSUE OF 60,000 SHARES upon the following terms: ■ 2/0 per share on application: 2/6 per Share on allotment. And the balance in calls not exceeding 2/8 per Share, to be called up a- required at intervals of not less than three months. All Shares are to rank for dividend according to the amount paid up thereon. PROVISIONAL DIRECTORS: .TAMES BUCHANAN MAC PA It LANE. Merchant. Fort Mircet. Auckland. ROBERT BURNS. Managing Director. John Burns and < 0.. Ltd.. ■*»«'*»" '■. ERNEST YATES, Managing Director. Arthur lates and v o Ltd.. A»' s '»™ c . ARXAUD McKELLAR, General Manager. Blackball Coal Company. Ltd., _ _r_U uu nn, SOLICITORS: MESSRS. BAMEORD AND BROWN, N.Z. Insurance Buildings, Auckland. BANKERS: NATIONAL BANK OF NEW ZEALAND, LIMITED. BROKERS: MESSRS. COLBECK AND GRIFFITHS. N.Z. Insurance Buildings. Auckland, INTERIM SECRETARY: W. 11. BURTON. Fort Street, Auckland. AUDITORS: --ESSES. BRUCE AND DUTHIE, Shortland Stref), Auckland. OBJECTS: The Company is "being formed for the following purposes: — (a) To acquire from Mr. Herbert Sutcllffe Nicholl. °' Manaser. .. sublease for about 07 and a-half years l expiring, on the 1!,,h »"> "' M "™' ■ »,n_\ -,c ii,„ Ti-noiivt. urea. Nt somi? iML.nij-ino »t.i'.„ , Optionorwmc a n h _ t „i"eu^i J Jewo e w" D A full copy of the proposed sublease may he Inspected at the office of the Company s solicitors. Messrs. Uanitora >nd Brown. New Zealand Insurance Buildings, AucKiann. (b) To take over from the said Herbert Sutcllffe Nlchol options to >">"' h!, r by him covering a chain wide strip from the quarry to _a!-u_.i railway station for the purpose of the Company s railway line. (c) To acquire from the said Herbert Sutcllffe Nicholl a *"&>''«>»? (J? 1 ". 9 " jE"!! of limestone rights over Mr. T. Coates' land lying; within bal: « mlUiof the proposed railway for a royalty ot Od per cubic yard on the other terms and conditions mentioned in an option held from Mr. dates dated —nd July, 1920. and (d) To develop and turn the said properties and rights to account. The consideration payable to the Syndicate is as follows:— (a I £1250 cash to cover expenses incidental to obtaining the above lease and option and survey_"''""_• and (hi the reservation to them out of the above-mentioned royalties of t!>" e P™™ per cubic yard of road metal, one penny per cubic foot of other stone and luuruuice halfpenny per cubic yard of limestone (sixpence per cubic yard on road metal one penny per cubic foot of other stone, and fourpence halfpenny per cubic jard ot limestone' being payable to Thomas Coatcs, of Orakei, Farmer, as owner). The Syndicate receives nothing further in the way of cash, shares, or any othe* consideration. DESCRIPTION OF PROPERTY. The land contained in tho above-mentioned sublease is situated at Pukekaroro, in the Parish of Kaiwaka, in the Otamatea County, and is known ill the district as the Bald Rock—a hill of approximately some 750 feet in height It is about four miles from the Kaiwaka Station on the North Auckland Main lrunk line. The deposit is in two distinct formations, a fault or dyke evidently appearing between them. One deposit may be described as a slaty formation with polyhedral cleavage, offering exceptional facilities for reduction into road metal, etc. The second deposit of the same stone, showing in two faces on the opposite side of the. hill, is evidently one enormous stratum of solid rock to depths unknown. It is conveniently'joined so as to greatly facilitate quarrying operations. This building stone appears in two very pleasing colours—Light drey and Brown, both of which take a beautiful and lasting polish. The quantities both for road metal and building stone are practically inexhaustible, and the contour of the deposits and surrounding land is such as to provide a working scheme by gravitation. The limestone deposits are in close proximity to the area containing tha trachyte stone. Samples have been tested by the Government Chemist, who commends these deposits as most suitable for converting into ground limestone for agricultural purposes, showing as they do up to 97 per cent of Carbonate of Lime. For transportation facilities a branch line is to be coti-fcrueted to make direct connection between the property and the Government Main Trunk Line. The length of this, including Sidings, will be approximately 4 miles 52 chains. This line naturally passes through several owners' lands, and Options with each owner arc secured, giving rights to purchase the freehold of the lands required. CONTRACTS. The only contract which has been entered into on the Company's behalf is an agreement dated the 23rd day of July. 1020, made between Alan St. Uair Brown. ... Auckland. Solicitor, on behalf of the Company, and Herbert Sutcllffe M<™>». a ropy whereof may be Inspected at the office of Messrs. Ramfi.rd and Kt-own. Solicitors Xew Zealand Insurance Buildings, Queen Street, Auckland, during ordinary business hours. Directors' Qualification. —The number or shares ll.ved by the Articles of Association as the qualification of a Director is 500. Directors' Remuneration. —The Directors - remuneration Is to be Mich sum or sums as may be fixed from time to time by a General Meeting. Minimum Subscription.—The minimum subscription on which the directors may proceed to allotment is 40,000 Shares. Fully Paid-up Shares. —The only shares which are 10 be issued otherwise than for cash are as follows :— (a) 100 fully paid-up shares In satisfaction of £100 nf Ihe purchase price tn Inpaid to "the uuder-mentioned 11. K. Jones under the under-mentioned option. and (b) 200 fully paid-up shares which at the Company's option may 1... issued in satisfaction of £200 of the purchase price io be paid In the under-mentioned Charles Stewart or his assigns. Vendors. —The only vendors to the Company are the above-mentioned syndicate, and the consideration payable to them is as above set forth. The Vendors of property proposed to be acquired by the I'ompany are the fnllnwinir i-ei-s.ins. I.elni; the land owners from whom the above-mentioned options have been obtained:-- -° George Thomas Mills and fanny Ellen Mills, of Kaiwaka—Option In purchase seven acres at £3n per acre. John Nelson Abercrombie. of Kaiwaka—Option to purchase 1 aire at -22 per acre. Lawrence Frederick Mills and Edear George Mills, of Kaiwaka—Option to purchase 11 acres at £2.") per acre. .lohu Hyland and David Thornton Ilyland. of Ponsonby. Ancklnnd—Option to purchase 6 acres at £30 per acre. Hugh Kennedy Jones, of Auckland,' Land Agent —(iption to purchase 4 acres at £30 per acre. Charles Stewart, of Reniuera. Auckland—Option to purchase H acres for £3u. in all. John McLean, of Kaiwaka—Option lo lease up lo 4 acres ai I.l' per acre per annum, and The Commissioner of Crown Lands, Auckland, from whom it is proposed lo buy such last-mentioned pi.cc of land for _11» 10/ t.er acre. Commission. —The Company proposes to pay a commission up lo S per cent, for procuring subscriptions for shares in the Company. • Promoter*' Interest. —The amount payable to the Promoters is the abovementioned sum of £12oil and the above-mentioned royalties. Directors' Interest. —The nature and extent or the inieresl of llie directors In the promotion of the Company, or any property proposed to be acquired by the Company, is limited to their Interest as promoters. GENERAL. The promoters of this Company look upon the flotation as a matter of great National importance, inasmuch as they are convinced that it is only by the perfecting of the roads North of Auckland that the products of that prolific area can be safely and properly marketed. In the complete Prospectus will be found: — The full report of Mr. Herbert S. Nicholl (for n number of years General Manager of the New Zealand .Serpentine. Limited, and an expert in stonequarrying and engineerlngi, dealing with formation, quantltv. quality, working of deposits, markets, road metal, building slum-, estimates, etc" , The report of Mr. Henry Itoehe, M.N.Z. Soc, ('.„.. Cambridge, dealing with plans and estimates for the railway work required: The Geological Reports, Compression Tests, and Analyi's which Inn-i^rTuuTT-™ to time been obtained in respect of the Trachyte, together with the Analysis and Report on the Limestone samples: Letters from prominent Auckland architects, expressing their high opinion .if the quality of this stone for building purposes. ESTIMATED CAPITAL EXPENDITURE. £ s. .1. £ s d. Cost of Railway and Sidings, including purchase of land and locomotive, as per Mr. 11. Roche's estimate .. IM.fir.j n v Cost of installing and .Harrying, crushing and sawing and polishing plants : Building and housing, as per Mr. I_ S. Nicholl's Estimate 1T..-,.hn ii ii Allowance for contingencies 10 per cent 4.255 no Cash payment to Vendors to cover expenses incurred . . 1 _..-,n ~ ~ Estimated preliminary expenses apart from brokerage . . t:,ii ii ii Total Capital required Lls.Tlis .i i> Taking the figures of £10.0-3 as given by Mr. Nicholl as the yearly estimated working profits on his annual outputs, this shows a return of !-> in-r'c-tit'mi _':■ >.''<•■: capital. Copies of the Company's Prospectus may be obtainod from the above-mentionec Brokers. FORM OF APPLICATION FOR SHARES. To the Provisional Directors of The Pukekaroro Quarries. Ltd., Auckland. Gentlemen, — I hereby request you to allot m*' Shares in the above-named Company upon the terms of the Company's prosper! us dated the ::r.l day of August. 1920. and I hereby agree to accept the same or any less number thin may be allotted to mc. I enclose herewith cheque ior £ s. d.. being ihe amount im.val.l.on application for the said Shares, at ihe rate of 2 <'. p p r Shar.-. and I i.gree to pnv :.■■■ further sum of TWO SHILLINGS AXIJ SIXPENCE 12 Hi per Share on allotment, and the balance as provided In the Prospectus. And I request and authorise you to sign any ne.essary do.-iiiiients. and do : ,il aria and things necessary 10 register mc as the holder of the Shares »., a Hutted. Name in full Address .s. Description _ Dated day nf _~_. Signature