Tory Wit.

Evening Star, Issue 7404, 27 December 1887, Page 3

Tory Wit.

The prospectus of a new company, to be called the Hawarden Estate Block Wood Company, Limited, has been published in London, the necessity for which was the receipt by the Hon, W, E, Gladstone of a steady flow of letters from all parts of the world, asking for chips and blocks of wood cut from the timber felled by that right hon. gentleman. At first these demands were complied with, but they necessitated the hiring of so many individuals and vehicles, and such heavy expenditure in postages, that it was thought the establishment of a company would be a commercial success. The letters already received were weighed, and totted up to 4 tons 17owt 3qrs 17lb. Mr Gladstone then announced, through the Press, that no orders would be attended to, which were not accompanied by stamps or post office orders for 3s, The prospects of the Company have been certified to uy competent accountants on the following data i—Mr Gladstone to fall three trees per day, These trees will yield an average of 7,000 blocks, which, sold at 3s each, means a daily sale worth L 1,050 — 300 working days, L 315,000) deduct cost of 000 trees at, say, LlO, L 9,00, LSOS.OOO; erection of saw-mills and twelvemonths’ labor of 100 men at 25s per week, Llo,oooj L 396,000 profit on first year’s operations. No allowance is made in the accounts for clearing the land. Mr Gladstone’s life is insured by the Company for LIOO.OOO. A single line of rails Will be laid down from the saw mills, to form a junction with the Holyhead and Chester Railway, so that the transmission of blocks will be rendered less costly. Orders can be sent by telephone. An influential Board of Directors has been secured. The Right Hon. W. E. Gladstone will join the Board after the shares have been allotted, and will act as chairman. Capital LIOO.OOO, in 100,000 shares of LI each, with power to increase. The shares have been largely dealt in, and are quoted at i to A premium.