Page 2 Advertisements Column 3

Evening Post, Volume LXVII, Issue 151, 27 June 1904, Page 2

ftPated and Filed with the Registrar of Joint Stock Companies on the 23rd day of .Tune, 1904.] ABR6OCEO PROSPECTUS OF CONSOLBDATiON, LSftSiTED." To be incorporated under " The Companies Act, 1903." CAPITAL JBlEO,OOO— divided into 30,000 shares of £5 each, of which 4,000 shores, fully paid up, are to be allotted to the Vendor ; 4000 are reserved for subsequent' issue for extensions of business »ad building purposes, and the remaining 22,000 shares are now offered to the public for subscription, payable as follows :— J6I per share on application, J3l per share on allotment, and the balance in calls of not more than £1 per share as may be required, and at intervals of not less than two mouths. PROVBSIQNAE, DBftSCTORS : CHARLES F. GREENSLADE, Esq., Dunedin (Managing Director Speight & Co., Ltd.) ARTHUR R. V. LODDER, Esq., Wellington (Proprietor City Buffet Hotel) CHARLES H. IZARD, Esq., Wellington, Solicitor (Director Wellington-Manawatu Railway Co., Ltd.) ALBERT MARTIN, Esq., M.D., Wellington (Director Equitable Life Assurance Society of U.S.) EDMUND ALLO, Esq., Wellington, Electrical Engineer and Hydraulic Expert HERRMAN LEWIS, Esq., Wellington, Investor CHARLES TRINGHAM, Esq., Wairarapa (Director Wellington Trust, Loan, and Investment Co., Ltd.) Who hold office until the first meeting or shareholders will be held not less than one month nor more than three months from the time the, Company is entitled to commence business, at which meeting permanent Directors of the Company will be appointed by the shareholders. BANKERS !— The National Bank of New Zealand, Limited. SOLICITOR :: — J- J- Devine, 16, Brandon Street, Wellington. BROKERS: Barr, Leary & Co., Wellington ; Will'am H. Turnbull & Co., Wellington j Harcourt & Co., Wellington ; Fenwick Bros., Dunedin R. O. Duncan, Christchurch ; V. J. Lamer, Auckland ; Richard Gooch, Waihi ; Mark Sprot & Co., Greymouth & Ho!dtika» H. ChadwickSc Co., Hawkcs Bay; C. H. Lewis, Poverty Bay; J. F. Clark, Nelson ; Bcwley & Griffiths, New Plymouth; R. Brett, South Canterhury; C. L. Duigan & Co., Wanganui. ' SECRETARY (m temj : J. S. Schwartz, Colonial Mutual Buildings, Customhouse Quay, Wellington. TfIHE Company is being formed for the purpose of acquir- The following is n copy of a supplementary report from JL ing, as going concerns, the fashionable utid well-known Messrs. Bndham .and Biss, showing the receipts for the four "Empire Hotel," in Willis and Victoria streets, Wellington; months from tho Ist November, 1903, to tlio 29th February, the picturesque and far-fumed "Bellevue Gardens and Hotel," 1901: — situate at Lower Hutb, nnd the fine public residence or pri- " Wellington, March 10th, 1904. vato hotel known as "Tho Mansions," recently erected in "Having been requested to supplement our foinv if-Ohuznec-street, Wellington ; and of carrying on, consolidafr- port of the 7th December last with a statement of the ing, and extending their trade or business, and generally of receipts of the Empiro Hotel for tho four months from carrying out the objects mentioned in the Memorandum^ of As- tlie Ist Noveaibcr last, we have accordingly made a, sociation of tlio Company. further examination of the books of the Empire Hotel, Tho value of the assets to be acquired by tho Company has and have to report that the receipts of the business for been fully reported upon by well-known, experienced, and re- the four months from the Ist November to the 29th liable experts, and tho following is 'a fair summary of their February last, inclusive, as Uiown therein, amount to reports:— ' £10,571 5s lid. " THE EMPIRE HOTEL "—" — • • " This brings the total receipts for the year ending Land, Buildings, Furnishings, pnd Goodwill ... £111,200 31st December, 1003, to £28,671 10s sd. Btock of Wines, Spirits, &c 1,000 " BADHAM & BISS, "THE BELXKVUB HOTEL AND GARDENS" " Professional Accountants and Auditors."" and Furnishings 21,233 It will be seen from the reports that the receipts show a Stock of Wines. Spirits, &c 250 marked increase year afrer year, rising from £14,040 for the "THE MANSIONS," Buildings, Furnishings, &c. 10,546 year 1900, to .223,671 for tho year 1903— an increase of over N 100 per cent., «<r more than double. Total £144,229 Compared with 1901, only two years ago, when the new buildings were completed, the receipts, for 1903 actually show These figures, bnsed on thoroughly reliable estimates, show an increase of over 60 per cent. a surplus of £14,229 over and above tho purchase ptico to An examination of tho books shows that the receipts for be paid by the Company. January and February, 1904, amounted to £5570 10s lid, * "THE EMPIRE HOTEL. 1 " M'hich is at tho rate of £33,423 per annum. This palatial hotel, recently built and reconstructed, may '•"">. Present rate of pro fi t on tho, Empire Hotel alone fenow he classed as equal to any establishment of its kind which. «»*■ in »*»«» over 8% on the entire «»pit»lof the consolidation the Southern Hemisphere can boast of. - without taking into account at all "The Mansions" and the The position of this building may be said to be the most *>!|? vne Hotel and <*»«*<»»• valuable in point of situation and convenience which co«|d T JJ th n ! ore «comniodaHoi, available which the addition of bo selected for private or public enterprise out of the whole n "°. thw Hory would Rive, coupled with the largo economies of the Capital City of New Zealand. * which can undoubtedly be eftected uudcr Ihe consolidation, The " Empire" has frontages lo two of the most important «* ** pM^^° r f4s qw^THF MaSoJ^ business streets of Wellington City-Willis-street on the ono ..11. 1 \ LO T,, I r£ °L ;r h MAAHOMi. side and Victoria-street on the obher-and to each of these . c * ec f.^ °j „^ MariMons" amounted for tie part streets it presents a handsome and imposing front. The area "S h ? »™ lh » to , fF* J0». and the expenditure to £1621 lbs covered by the hotel represents a length from street to street leaving a surplus of £513 2s Hd of 190 feat, and the frontages to Willis and Victoria street, J,L mus , Jl^ 0 ™! "* m! f t ! .T V "** ° nC> nrn 7«i fopt nnA 71 fonr rusnPpHvelv opened on tho Ist August, 1903, and that these figures repreftI By 75 no C pos^^ a site as that on which ™* therrtun, s for the period in which the house ™ started, the Empfre Hotel stands bo otherwise than materially en- Bnd - be '°" *. Qm . h * sald lo }»« been m full working order, hanced in value in years to come. v^l^ * * C ° Py of Mcssrs ' Badbam and BISSS "* "THE BELLEVUE HOTEL AND GARDENS." P * " Wellington, April Bth, 1904. At tho present time, a journey of thirty minutes by train "We hereby certify that, having examined the books and ten minutes' walk from the Lower Hutt railway station in connection Avith the establishment known as "Ths brings the visitor to the gates of this Hotel and Gardens— a Mansions," Ghuznee-street, Wellington we find the retruly magnificent property of some sixteen acres, with a front- ceipts for the past eight months, ?rom August Ist 1903 •ago of n"bout 1500 feet to the main Waiwetu-road, which is to March 31st, 1904, amounted to £2134 19s, and the ono of tho principal thoroughfares of the Hutt Valley. expenditure to £1621 16s 9d, leaving a surplus of £513 Tho Boljevue Gardens arc unique in New Zealand, being, as^ 2s 3d ; but in the above figures no amount has been inthey are, tho only private botanical gardens on a largo scale eluded for interest on capital invested in the business in the colony. ' " " BADHAM & BISS, A carriage drive, shaded on either side by fine old trees, "Professional Accountants." raid green W nower beds resident , nth gorgeous Ja^ <Zlt fIXv H it /aSoitl" V^^sT^^ ™ £BWS 7S 7d ' a '"KIT™" nSv tV an «^S£. bB of r SBS* zSnTLefTn P^ * thU P^ d ' 52 > 103 ™ to « P«Jd £1302 11s 6d for adThere aro nearly^ all va.wtie« of New Zealand tiees in ]nm!on (o tho groundS( and £410 g/^ for flowew _ S. rtSSt«ing of the Hutt Railway has been agreed to Tl™ H ***** 'T-*™ °- £16 °^ WS 1Od J by P.rll.A .n5 thi. important public work has already $^£ £ £*J t*l<™^ * "^ *****' "* begun. The improvement of tho Hutt-road is a -work b ...... J also to bo put in hand immediately. It is needless to say , THE VALUES OF THE PROPERTIES. : that tho Bellevuo Hotel and Gardens will immensely profit by -^ s to the values of the three properbiee, rejiorts on this these improvements. , l loint have bee n obtained from tho leading valuers of the cily, "THE MANSIONS." me , u . , ar * well known in Wellington for their absolutely ' One of the finest establishments of its kind south of the unb . iasse « judgment, skill, and experience in Urn class of Line is the handsome new boardinghouie known as "The Dtt « n »* »» «■ l«»S period of years, and generally their "bedMansions," situated in Ghuxnec-streot. Tlie fine proportions qn, a ,U!, U! , oofn f s \, t , of this building, as it towers in its garb of white above thoso _. ,°, "™. 01 VlO5V 105 " 3 " iroa properties have been carefully buildings which surround it, immediately arrests the attention ) "H'°° ' " ncl lhor ° «no doubt that if sold in the open market • in the panorama of Wellington City. nv"<n-^ \ J 'f| W °V t f°, co . l)Slder " bl y higher prices. More- ' Tho building, which is three stories high, of brick and ™ *[' * I0 ™ tlle , ft 'f »>» fc busmew in WdUngion is expanding stucco, has a frontage of 47 feet 6 inches to Ghuenee-street ]" r " " i>V and .. tlla * ' he VIllu ? s of theso three properties nrasb ' by a depth of 66 feet 3 incho 8 . y^ by /T' H wiU be admitted b^ Tho furnishing is of the most palatial character, as may be „ "•* P n ,° , mt r , e P os » s .' b iliHes of the Company must be very seen from the fact that it has cost nearly £4000. &^ j m " d >, a , nn dd * hh f l >t» earning facilities, «hich are already PIMAMCIAL 4SPCCT so high, must be materially enhanced in the immediate future. P'^NCIAL ASPECT. L ar iy npi ,, lca t fop gham .g. g mi hQ IHL EMPIRIi, HO ILL. warded to the brokers, accompanied by a chcaue for £F on The fullest investigation of the books and accounts of the each share as application money Empiro Hotel has been mndo by Messrs. Badlinm and Biss, Copies of the Prospectus may be obtained from the scvml protessional accountants and auditors, Wellington. Brokers of the Company, or the Vendor Tho \>mW m- lfce Their report shows that from June, 1809, to October, 1903, local Brokers will be glud to show intending r "hau "olde-™ovcJ tho receipts totalled £83,206, against disbursement!, £51,371, any of the properties, and to B ivc » any filler £*™-it on loaviug a vet profit of £31,835. desired. I