Page 4 Advertisements Column 2

Daily Southern Cross, Volume XXIX, Issue 4847, 10 March 1873, Page 4

Public Auction Sales-

WNDXFSDAY, MAKOU 12.

THE siib^crihrr li;i<? received instructions from Mr IUmuiin Tunvru to null by am tion ou IVoiliicsiliiy.tMiiuh 12, at lioVIook, Ulio T,Krgo Vrpciinlil Allotment ivt Newmarket, UioKO\ \f, (SKOUUK IIOPI'X. ]omlnK tho lino (ifrnilwny. antlcnninining Sixiorn Ajwrt inont*, with Outliiitlingd, Shittlo (irounil, *ic. For fnrtlior inforwttlon apply to tho auctioneer, GEORGE SIBBIN. Tonns lil>or.il. AVkPNKSDAY, M\.H('M \\ CI.KARANCK SAt.E LARf!R AND VAIHED ASSOUTMKNT op STATION WRY, DJOKS, TOY^, LUSTRES, VARE^, CIGA1{"«, T )l!\C<:0, AND 300 B »XRS CTAY PIL'KS AT CAYKNDISII HOUSE, SIIORILVNPRTRFEr, Os \\J5UNLSDAY Nixt, Ar 11 oVimk.

BTONKS & CO. have been instructed by Mr. Harris (conioquent on his devoting his time to the (Juoen-dtrcet Eslivbliibmont ) 10 sell by .mction ,1 1 argo and V«riod Stock of Goods.

S\LE OF TUT, LAROK AND CHOICR STOCK Oi CH ri'JU.S OLEOf.'RAJMIS, Ull HOMO LliriOs SC IIII'IURE AND SHViCKSl'CARi: IIMsANI) III ML)'. QUOTATIONS, in 1 Jilt .mil Oxtonl I'i. lines, ( oniplotu, for tale by auction, on WLI)NL\SD\\ NEM', AT J2 O'CLOCK Sll ARP, At Cwt.NDibii Hnuii:, SHOUTiiiNP-STni lt.

b. TONKS & CO.,

A uctioneers.

WKDNKSDAY, MARCH 12. GENERAL DRAPERY. C T T Y M ART. a RANT & MOllTON havo rcc<M\ea in. Sinn tions to "(II liy auotioc, on WuliustUy, 12Ui Mnrtli,,il 11 o'Uock, CKNMIW, DKAIMIKV, CL0TIIIN<7, E re Terms :— Cish

Prospectus.

13 11 0 S P E 0 T U s OF THE AUCKLAND IRON ANT) STEEL COMPANY (LIMITKD). To lio rncoiponted under tlio Joint Stock Oompinics Act, 18(0. CAPITA L-f 100.000, ix 100,000 Shauis of £1 r« if. PnovrsioNAr, DinFOToM* John Uondcrv<n,O K. (l',n r inoci for Mossrs. Iironden in (1 SmiI, Wellington " Thorn is I M,mn"i.:d (Mascflcld and Co., Engineers), AiukUnd AVm F.o'ldcr, KiiBiiiocr, Auckland V M I' ISrooUfloId, Auckland Kjboit J Crdgliton, Auckland. SoL'CiToits. Messrs. WliitiiKcr and n»n«oll. IUNKnts: Uank of Now Zealand. StciiETAity: John Mowbny. The object of this Company Is tn utlli'O Ihc Tron Stono nnd Iron Knndwhiu'i abound in this \'rf v me, by converting thorn into cast iron ami malloahlo *tei iron, by Iho process of manufacture) huccrssfidly tried at Onchunga, by tho original promoters of tho Comliany .Sumplei of tholr Iron have been ftibmttted to tbo severosi tents, by practical mcchunicM, nnd In v iriablj p.onomxo'l to bo equal in grain and toughnesH to tho bast Lowmoor and Swedish iron. It is proposed to raise suflidcnt capital for tho purchaso of machinery, and for tho orcrtlon of the n<ur<;sarv plait and buildings, .it a site to bo determined as being most comcnient for obtaining a supj'l" of the ii on Kami, Ir.>n Ore, nnd Coal A care'ul estimate has boon made of tho coat of a plant suited r or tho purpose of manufacturing jilff iron, nnd Morchints iJar Jron, together wiili land and buildings-; and thr amount is £15,000. Tho wholo of tlio michineiycm be supplied in Auckland This would includo •—• 1 High-prcssuro Steam Kngino, 100-horso power nominal 1 Hot blast Furnnco, comjileto J 0 ruddling I'urnai cs 2 Mill 1'iiniacm; 1 Rolling Mill, 10 inch train 1 Strum Ilimmcr, .i Coke Ovens 2 I'mr Sh^irs , 1 StrilcKt ninpr 1'rcss Lind, liuildliifts, KiouMit, Commissions, and Contingent Kxpen lituro. The pnre of Rat Tron is estimate,! abovo at £10 per .on, the lowest price at which it 1ms etrir Leon x .'d for in Auckland being from £11 to £10 per ton. Tlio current rato ii £>0 por ton c»sh; £22 po. ton, ut thrco months, and tlio general tci.dcnry is upwards. 'iho cost cf produring Alorch'int liar Iro i is, after making tho most liberal allowanca for expenses of all tlnds, iJlOpor ton. Taking tlio Iron ai selling on tho spot for £10 per ton, a Urge and certain ro urn is assured. Tho demand for Jron in dnilv increasing, owing to iho extension o railways, mining, shinbuilding, nnd other branches of manufurturli'K industry. Tho certainty of finding a market for all that can bo produced neod not thonforc bo doubted As a legitimate investment for capital. Hharos In tho Auckland Iron and Steel Company, Lliiited a»o without a rival. It is altogether freo from tho spoculative uncertainty of ROldminlng. Tho supply of tho r»w mutorUl of manufacture boing on tho surfaco, rendon it less costly to procuro than any other minoral deposit, wlulo lln demand for the manufactmed articlo is, practically, without a limit. 60,000 Shares of tho proposed capital of tUo Compady aro olTcrod to tho public. 2s. 6d. por Sharo deposit to bop «id on application ; 2s. Gd por Sharo on»llotmont; and 6s. por Sharo within six months from allotment, in calto not excooding 2s (Id. Tho remaining 10* is to bo called up (If requirod) in cills not cxceodlng in. M. oich, at periods of not Iosb tiian two months. Tho l'iant.M enumerated, would bo sufneiont as a ooRinnlng, and would admit of oxtonslon at any time Tbo following is an estimate of tlio weekly production of finished bar iron, loavlng out of calculation altogether tho yield of pig iron from tho Blast Furnace—an estimate foundod upon experience •— 1'ivo Puddling FurntCM, working flvo d'nys pc weok (ono day idlo for fottling, <tc), and 1 sparo Furnaco, fiO tons. Return in cash, at £16 por ton, £800. Wa ? c« por woek-Puddling, por ton, including helper, 25s,£02 10s; Shlnglor*. ditto ditto, £12 10a- Kol uis ditto ditto, is. £10 ; Engineers, £12; Stokers £1— filflj two Foruo Labourers, £-1; 75 tons Coal, £1M; Haw Material, »t per ton 40s, £100; Minagomont, ContlnKoncies, Odlco Kent, Wear and Tonr. 4c., C100. lotul, £465— 01, Dn, CO tons Merchant Ear Iron, por wook. at £10 por ton £ £O o 0 0 CK, Wages, Mtnngomont, Interest, Coal, Rnw Material, 4c 4M 0 0

Balnnco torroflt»/i(l Toni .

315 0 0

Doing ut tho rato of £17,010 Per annum

It will bo seen that no account is takon of tho profits from tho iron produced by tho Blast Fnrn.ico which it is proposed to erect, capable o.* making t> n tons of pig iron dally. Thl, item, how u \or. w.ll udd consideraijly to the prouti of tho urdertaking Tho raw material is estimated inixcwtof what it Is likely to coBt ; und, with reg.ud to ccal, wMch Is estimated to tost £2 per ton. it hn» been aiooitmnfd that I'.ullor River Coal, Waikato, und liay of Islii ids ( oal could bo dolivorcd at the works at £1 10s por ion, juth certainty, lint a most valuable soam o' evil having boon discovoroi close by tho ilto of the proposed works, the «avln K on that Rom will nccos-unly bo very great. Tho Promoters havo nocurod tho right to uso all Irons mil nnd Iron Stono within tho Manuknu liarbour, tlio property of iho Crown, freo of rojaltj. I l.eie is an unlimited supply of Iron Sand an.l II. matito Iron Oro, as woll within ai without tho M.vi.ukau {lends; nnd tho Provincial (ioverninont have by letter oxpresscd their rcadiucss to loaso in terim of tho J'ublic Ro*orvci Act any portion of the Woit Cooit lino under Provincial control which tho tho 1 loinoters of the Company may reriuiro in tho prooouilion of tlicir ontorpriio. It 11 proponed to pay to tho Promoters, ni iooji at tiie Company i» In a ponitlon to orect nincblnory, tho suinofi^.OOOiuaiih.andonallotmontS.OOOfiillyp-iid-up hhmg ; tlio remaining 42,000 Shares to bo hold In trust for the Company. The Promoters bind themselves not to plnco their Shares on tbo markot until tho plant isirMvorking order : nnd ongago to aislst in carrying on thu works nfter tho start, ut a salary to bo unreel upon i»Uh Uio Bircctors, and to convey to tho Company for id u,o their rights and privileges In a ratont for tlio working of Iron Huml nnd Iron Ore applied for by them. On ono fourth or tho roqulrod capital being subscribal, a Goneral Meeting of tho Shareholder, will bo convened to elect a Hoard of Directors and pass Rules / for tho management of tho Company, nnd also to ' maku anangementsfortho vigoroua proiccutiou of thu works. Tlio Provisional BoarJ of Directors Ij principally compoBod of pjructlcal men, who. havine satMlod themselves, give their services to further this nation il Undoi taking. Applications for Shares mvlo to Iho Company's Sucatuy, Mr John Mowbroy, No 41, Quoon-streot, Auckland up t- ; thu lllh day of Aluruli. 1873, will bo numbered i-srccchcd, and .Shires allotted on approSolt&pXat^.! mramUat ° lyUrterlli0 rCCOl * t0 ' ■ AuckUuu, Foliruary 3, 1873. '