Page 4 Advertisements Column 2

Auckland Star, Volume LX, Issue 46, 23 February 1929, Page 4

West Coast Pines (Fiji) Limited Registered in Suva, Fiji. ABRIDGED PROSPECTUS. CAPITAL £50,000, divided into 50,000 Share;; or £'i each. 800 Shares of £| each, fully paid, to b: irsucd to the vendor in payment of the properties acquired, 19,200 Shares to be offered to the public for suu* scription, and payable 5/- per share on application and 5/- per ihari on allotment; 30,000 Shares to be held in reserve. The vendor's consideration is entirely in shares. No promotion shares are bcinc or *vi!l be Over 7000 sha res have already been applied for locally. DIRECTORS: THEODORE DION RIAZ, Planter, PATRICK COSTELLO, Lictn-cd ~ _ Victualler and Fianter, Lautoka, NATHANIEL STUART CHALMERS, Fiji. Solicitor. Ba, Fiji. ALFRED GEORGE SMYTH, Merchant, Suva, Fiji. BANKERS: Bank of New Zealand (Suva), and Bank of New South Wales (Lautoka). SOLICITORS: Crrmptor.3, S'-va, Fiji. AUDITOR: Albert Ernest Penrce, F.A.A., Suva, Fiji. SECRETARY : Robert Spov/art, Suva, Fiji. >« i! 1 !/ 1 " 101 ' " r ,lu ' Cunr.pany to list t'.io shires on tin: Stock lixcUange it Auckland. and r,t Jvfini'.y, iv.S.w. h °i. obJtcts Company are to grow and can Pineapples and o!Dcr tropicil Approximately S2's acres or land, eminently suited to the miuiremeuts or tin Company, have been acquired under lease lur tiriv wars, The areas secured are all unduiat n;?. low-lying lull.-. They lit at an elevation or from 150 to 230 net * t ' l . n . 'f l 'nas - '' is perfect, aid t!ie areas are admirably suited to fie letjiiii emi'iH or tne/inespplc Plant. An analysis cf the soli by the Fiji Governmsal'l Chemist is more than =a!iM'actoi'v, Tim V.msranese content or the soli at N.u'i (0.1:> r y, n lower iliun in most Fiji soils, wnlei! average o.3The Government Chemist's opinion i- that there is no tor O' as. Is !>"•: with on the Man?am--e soils nr Hawaii. riie Fota-li content 10.3 an» is satisfactory, and the Phosphoric Acid (0.11%* U. iiV Mi 1 '. 1,1 f'J 1 - orl l '' ? - low side. Oxide of iron is a most i's.-etitial constituent of ijuapMic"' ® I,nca ' > P' e c tiltivation, and it is present in the Company's soils in sufllcieol i?n„m irl xL' ''I." 10 r 'istrict registered over a period or 2i years is GO inches pet annum, ine Pineapple thrives and produces the best fruit when grown under dry rL»mi, SC i? I" ai 'id conditions. and >adi is one of the driest districts in Fiji. Excellent f meapples have been grown i;i the district. .... PRELIMINARY EXPENSES. . i ? Preliminary expenses payable by the Companv up to and includlnj allotment, but exclusive or brokerage, is estimated a; £230.' in.. l i^!,",l , i' l^C^,i' 0 ?l ' ow a " f' "' 1 l) y eont'aet. under supervision, and all i'ie 111:'! win hi ; , ' 1 ' !n, V !0! l ° r tl,n "'"l'- and the delivery of sanis to tiUfWj will be performed by the Contractor , r .',nni f J. n J y ri-^ IJ! ' Company will have to employ will be tl i! for®' !w! " anrt unskilled aud semi-skilled laboi;. c«.i be obtained >t irom S/u to (/- per day. hJr.f?' 1 / " ll? acres of pineapples under cultivation, and it u rm?n?itvVf if; ; we" i°°o and 3000 cases at. the end of 1039. lucreasins In nrih year respectively i2 ' ooo ' alKl 5;1 - 0 °0 casrs in the second, third, fourtli, and ESTIMATED REVENUE AND EXPENDITURE FOR FIRST FIVE YEARS. As published in Prospectus Issued. ;il 10. 102?. SecondVe.il- Third Year Fourth Year i'iftli Year , , and First and and Third andFoaj'M ESTIMrtTsD EXPENDITURE Year's Hun Year's Run Year's Run Year's Ml" A Purchase of 33<\00Q suckers at ill £0/5/. per M. '■•■'IST I ' I Rent or I-eases j, s .{ ! ";o ""si* j £tJ Maiiarer's Salary. Processor j I I and Mechanic Labourers • • 1500 ! 1000 i 2«oo I 3 !> n !! Purchase of fruit at £i per ton 2800 j 3uou 0700 1 i' 3 ®? sujar at Gd Case - - - - 13$ 1 -jo j n,jo I li 3' Tlnplatc. Labels, Cases, and ! ! I crates, etc. 3 It! I -.e>* i '"317 i 13358 wood and Transport or Mate- 1 I'ials . .iqq | o.jo | j..j | 31ft Transport of Canned Fruit to I ! n ' Ship 2T5 330 701 | M» R Freight to Canada at 75/. per I I r ' on . * 2023 -iOST i 0337 I S96J C Commission to selling* agents at ! ....... psj j rjs 007G 1 - 3361 Depreciation of Plant and Fire- j " I insurance 773 sts j srr, ! ~7"o~ I -M« r I "i'aTT I « 9!,t Balancs at End of Season - - j-.j j : jur.J ! £t:.33i I £2;;isr 1 rami 'lESTIMATED REVENUE V revenue at t-V- per Case - - 13133 I 231t I iiiTu i ii!IJ rayrnfrnt Tor Suckers and Inter- I ! est by ConJraciorj :o the company 2106 I ...... ! j £15331 | £23137 i £323 ii I -''^1 A. 350,000 suckers have been planted at date at a cist of '.'?3T. Tie '■'.'"S.'vf purchased these suckers from the Fi.il Government's Kxperinieutal l'lft 111 ' which has eirccted a savin? in the region or £1330. .. lil3 t>. 'freight from Lautoka to Canada has been reduced to 10/- per ion illic prospectus was compiled. mmnc. ,\n oiler has since been made to tile Company to market its fruit at a Coma sionof2j%. , D. Revenue is estimated at 15/- per case, C.I.F. The present market indicant are that the Company will obtain 16/- per case, F.O.R. , e company is exempt from Export Tax for a period of Ten Years. a rebate of duty on all machinery imported will be granted. Secretary, WEST COAST PINES (Fiji), LTD., I Suva, Fiji. | Please send me, without obligation. Prospectus and Form of A|'pl ;l ' ,,io " for shares. " >'anie Address