Page 2 Advertisements Column 7

Dominion, Volume 13, Issue 275, 14 August 1920, Page 2

FINANCIAL. ABRIDGED PROSPECTUS OF THE PUKEKARORO QUAftRIES, LIMITED (To be incorporated under "The Companies Act, 1908," and its amendments as a Company limited by shares). •Dated tho 3rd day of August, 1920. Filed with tho Registrar of Joint Slpck Companies, Auckland. . CAPITAL • -£100,000 (In 100,000 shares ot £leach, of which 60,000 are offered to the public, and. «S,QM bald .in reserve. 1 Issue of 60,009 Shttw upon the {.cilowing terms ;— 23. 6d, per sharo on application. 3s. 6d. per share on allotment. ; And th* balance in calls' not exceeding 2s. Bd. per share, to be called up as required at intervals of not less than three months. All shares are to rank for dividond according to the amount paid up > thereon. "•» PROVISIONAL DIRECTORS: '.''".'•.. James Buchanan Maefarkne, Merchant, Fort Street. Auckland. '■■ ■ Robert Burns, Managing Director, John Burns and Co., Ltd.. Auckland. Ernest Yates. Managing Director, Arthur Yates and Co., Ltd., Auckland, Afflaud M'Kellar, General Manager/Blackball Coal Company, Ltd., Christchurcn, ■ SOLICITORS! MESSRS. BAMFORD AND BROWN. N.Z; Insurance Building, Auckland. - BANKERS: national' bank or new Zealand, limited. ' BROKERS: . • •■•','■■ MR. W. C. STEPHENS, .126 Lambton CJnay, Wellington. MESSRS. COLBECK AND GRIFFITHS, N.Z. Insurance Bldgs., Auckland. INTERIM SECRETARY: W. H. BURTON, Fort Street,. Auckland. AUDITORS:. . ' ' • MESSRS, BRUCE AND DUTHIE, Shortland Street, Auckland. OBJECTS: The- Company is being formed for the following purposes:— (a) To acquire from Mr. Herbert Sutcliffe Nicholl, of Auckland, Manager, S sublease for about 97 and a half, years (expiring on the 19th day of March, 2018) of the Trachyte Stone-beAring areas of some eighty-two acres, description of -which is given below.-A full copy of the-proposed sublease may be inspected at tho office of the Company's.solicitors, Messrs. Bamford and Brown, New Zealand Insurance Buildings, Auckland. (b) To take over from the said Herbert Sutcliffe Nicholl options to purchase held by him covering a chain wide strip from the quarry to Kaiwaka rail* way station for the purpose of the Company's railway line. (c) To acquire from the said Herbert Sutcliffe Nicholl n sublease for 99 yeafa ■ of limestone'rights-over'Mr. T. Coatee's-land Iving within half a mile of the proposed railway for a royalty Of 9d. per cubic yard\>n the other terms and ■ conditions mentioned in an option held from Mr. Coatee datod 22nd 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) X 1250 cash to cover expenses incidental to obtaining the -above lease and option and survey of line,.and (b) tho reservation to them out of tho above-mentioned royalties of threepence pej cubic yard of road metM.qne penny per cubic foot of other ftone, and fourpence half-penny per cubic yard of limestone (sixpence per cubic yard on road metal, one penny per cubic foot of other stone, and fourpeno? half- t ! penny per cubic yard of limestone being payable to Thomas Coates, of Orakei. ''•' Farmer, as owner). • The Syndicate receives Hotting further in the way of cash, shares, or any other consideration, DESCRIPTION OF PROPERTY. The land contained in the above-mentioned ' sublease is situated at Pukeknroro, in the Parish of jMwakn, i n the Olamatea County, and is known in the distriot as the Bald hill of approximately some 750 feet in height. It is about four miles from the Kaiwaka Station on tho North Auckland Main Trunk Line. t ' ■ 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, oto. Tho second deposit of the samo stone, showing in two faces on tho opposite eide of the hill, isevidently one enormous; stratum! of solid v roik to depths urn known. It is conveniently Joined so as to greatly facilitate quarrying operations. This building stone appears in , two very?pleasing colours—Light Grey and'Brown, both of which take a beautiful and lasting polish? The quantities bith for road metal and building stone are practically inexhaustible, and the' co>V tour of tho deposit l ) and surrounding land is such as to provide a working scheme by. gravitation, • • . , Tho limestone deposits aro in close proximity to the area containing the trachyte stono. Samples havo been tested by the Government Chemist, who commends theso deposits as most suitablo for converting into ground limestone for agricultural purposes, showing n& they'do up to 97 per cent, of Carbonate ofLime. For transportation facilities a branch lino, is to be constructed to make direct connection between-the property and the Government Main Trunk Line. , The length- of this, including Sidings, will be approximately i miles 52 chains, f This lin» naturally passes through several,owners' lands and Options-With each . ' Owner are secured giving rights to purcha.se the freehold of the lands required. ' .' '. CONTRACTS.' The Ollly contract which has been entered into on the Company's behalf is an agreement -dated the 23rd day of July, 1920, made between Alan St. Clair Brown, •of Auckland, Solicitor, on behalf of the Company, and Herbert Sutcliffe Nicholl, a copy whereof taay be inspected at the office of Messrs. Bnmford and Brown, Solicitors, New Zealand Insurance Buildings. • Queen Street, Auckland, during cj> dinary business hours. ■ -.'■'■-'• -j Directors' Qualification.—The number of shares fixed by tho Articles of Association as the qualification of a Director is 500. -.; -. ■ Directors' Remuneration,—The Directors' remuneration is to bo such 6um or auras as may bo fired from time to time by a- General Meeting. ' Minimum Subscription.—The minimum subscription on which the directors mav nroceod to,allotment is 40,000 Shares.j' Fully Paid-up Shares—The only shares which are to be issued otherwise than for cash are as follow:— (a)" 100 fully paid up shares in satisfaction of JSIOO of tho purchase price to bo paid to the under-mentioned H. K. Jones under the undermentioned option, | and (b) 200. fully paid up shares which, at the Company's option.'may be issued in Satisfaction of .£2OO of the mirchnee price to be paid to the-under-mo-titioDed Charles Stewart or his: isngns. Vendors.—Thfl only vendors to the Company are the hbovemeiitiohod Syndicate, : nn"d the consideration payable to them is as above set forth.. Tho Vendors of property proposed to be acquired by tho' Company are the following persons, being the landowners from whom the abovementioned options htovo been obtained:~ George Thomas Mills hud Fanny Ellen Mills, of Kaiwaka—Option to purchase seven acres at £30 per acre. ,•',-■ John Noleon Abetotommc, o? Kniwaka-Option to purchase 1 acre at-422 per nore. • ' '.'.) .-.' .'.-.: Lawrence Frederick Mills and Edgar George-Mills, of Kaiwuka-Option to purchase 3 acres at .£25 per aero... John .Hyland and David Thornton Hyland, of .Ponsonby, Auckland-Option to purchase 6 acres at £39 per aero. >•••■•■ ".',,... Hugh Kennedy Jones, of Auckland, Land Agent—Option to purchase 4 acres „at £oti per acre. Charles Stewart, of Remuera, Auckland-Option to purchase U acres for £m in all. .' ■ ■ '•.-■■ John McLean, of Kaiwaka-Option to lease up to i acres at'lss. per acre per j nniiumi and - - •'■■:.-■ , , '■ Tho Commissioner of Crown Lands, Auckland, from whom it jg proposed to biiTsnch laßtmcjitionod picco of land for 416 10s. per acre. Cph\tmSH6n.—Tito Company proposes to pay a commission .up to 5 per cent, for procuring subscriptions for shares in the Company. Promoters' Interest,—Tho amount payablo to the Promoters is tho abovementioned sum of i 1250 and the abovementioned royalties. -~,,,,■ ~ ■ Directors' Interest.—The nature and extent of the interest of .the directors in the promotion of the Company, or any property proposed to be acquired l-y the Company, is limited to their interest as promoters. ' GENERAL. i The promoters of th'ds Company look upon the notation as a matter of great j National importance, inasmuch as they are convinced that it is only, by the per- . ■ fecting of the roads North of Auokland that tho products of that prolific area can be safely and properly marketed. In the complete Prospectus will be found:Th* full report of Mr. Herbert S. Nicholl (for a number of years General Manager of tho New Zealand Serpentine, Limited, and an expert in stonequarrying and engineering), dealing with formation, quantity, quality, workins of deposits, markets, wad metal, building stone, estimates, etc.; ; Tbie report of Mr. Henry Roohe, M.N.Z. Soc., C.8., Cambridge, dealing with • plans and estimates'for the railway work required; ~.,,- , The Geological Reports, Compression Tests, and Analyses winch have from time to time been obtained in rarpect of the Trachyte, together with the Anatoli) and Report on the Limestone samples: .'•,.. . Letters from prominent Auokland architects, expressing their lush opinion of the quality of this stono for building purposes. ESTIMATED CAPITAL . EXPENDITURE.' CBSt of Railway and Sidings, including purohase of land ;fi s. d. £ s. d. and locomotive as per Mr. H. Roche's estimate .... 24,955 0 0 Cost of installing the Quarrying, crushing, and sawing and polishing plants jjuilding and housing as per Mr. 11. S. NiCholl's Estimate 17,588 0 0 , Allowance for contingencies 10 per cent. .., *,255 ° ° ... . Cash rayment to Vendors to-cover expenses incurred ... , I£so 0 0 Estimated preliminary expenses apart from brokerage... 75U- » J - ' • Total Capital required ... XJ8.798, 0 0 Taking the figures of .£10,933 a« given by Mr. Nicholl as the'yearly cstimated working profits on his annual outputs, this shows a rerurn of 18 per cent. 011 Copies of tho "Company's Prospectus may be obtained from tho nbovementtencd Broker,. Appl/ICATION lm gHAEES . To tho Proyisional Directors of Tho Pukekaroro Quarries, Ltd., Auckland; Guutlemen,— , I h«robT request you to allot ma" •» •;■•■••; Shares in thu abovenantfd Company upon the terms of tho Company s prospectus dated the Srd day of August,. 1920, and I hereby agree to accept the same or any less number that may bo allotted to me. :J I'enclose herewith chequo for £ , s. , d., being the amount pay•ftM* on arifilftation for tbto said Shares,' at the rate of 2«. 6d. per Share, and iKbWf&lief TWO 'SHILLINGS AND; SIXPENCE (2/G) per Share on allotment, (WS «Te Mance as provided in the Prospectus. And I request and authorise you to sign any necessary documents, and do nil acts and things necessary to register ;me as. the holder of the Shares so ollolted. ''.'■:': •Name in full • • • Address »••••• • Description • »«•» the day of • 192 Signature ■ •;; "■• •

8U51N883 NOTICES. ALL R«paiw to Rranu and Pudh» carts guaranteed, A. J. FINCH Pram Exchange, Dixon StrMt. Hoods R«-«orcr«d. Tyros pnt on whlla you wait. ,pABCHMENT~J£u«* for • Whitebait, A Oyaters, Cream, etc. Full stocks. Ifonrr wtT.and Co., Dixaa Street..