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LOST AND FOUND. . ,OUND, Sum of Money. Apply A. Craig, ■ railway station. r OST, Blue Greyhound, two collars on, one J I stamned "Kpsom. 1889 " ; reward. Keturn T. Hotton, George street, [" OfcT. stbout Castle streoi, Lady's Leather .J.J B».;, money, concert ticket. r.(rn «>'. j'. Mui't.ihy, Walker street, j" OST, Diops Oivcl.2 Theatre (Saturday), JLi riilver-r/iounted Umbrella, Reward at Isaac'*, chemist, Rattray street. [ EFT," on"Saturday, 27th inTtTjiTthelUO Li p.m. Train from Dunedin to Mosgiel, Parcel of Music. Finder rewarded on leaving at Abbotsford Station, HOUND, Gold Ring; owner can have _oJ same. Apply Mrs Lavery, Duncan street, three doors off Arthur street. PEOSPECTUS. PROSPECTUS OF THE DUNEDIN OPERA-HOUSE COMPANY, LIMITED. To be registered under "The Companies Act, 1882." CAPITAL ... 1/23,000. Iu 25,000 Shares of LI each, on which it is intended to call up 10s per Share— viz., 2s 6d on application, 2s Od on allotment, aud two calls of 2* Gd each at intervals of not less than three months, namely—10.0C0 Shares paid up to 10s taken by the Vendors in part payment of purchase money 15,000 Shares offered to the Public. Provisional Dibeotoes : John Barron, Etq., Merchant, Dunedin Alexander P.atbga+e, Esq., Solicitor, Dunedin Alexander Bart, Esq., J.P., Manufacturer (A. and T. Burt) Mark «.;ohen, Esq., Journalist, Dunedin James Gore, Xsq., Builder, Dunedin V. H. Hart, Esq. (Outten and Hart) D. Wi-hart, Etq., J.P. (Messrs Chas. Beggand Co.). Brokers : Messrs R. and A. J. Park and Andrew Hamilton. Solicitor : Alexander Bathgate, Esq. Bankers : Bank of Australasia. Interim Secretary: Andrew Hamilton. This Company is formed for the purpose of acquiricg the Freehold of the Princess's Theatre and Provincial Hotel and Saleyards properties, consisting of half an acre of land right in the heart of Dunedin, having frontages of 60ft to both High and Stafford street?, and within a few feet of Princes and Manae ttreets. The property has a right to use a valuable party wall erected on an adjoining section in Stafford street (Messrs Ross and Glendining's warehouse), The Theatre is substantially built of bluestone and brick at a cost of upwards of L 12,000. It is one of the most commodious and accessible in the colony, and with a comparatively small outlay could be made second to none in every respect. The Hotel is in a position to command a highly profitable business, and wi'th the increased facilities proposed in the new building, will bring in a large rental to the Company. The purchase price of the property has been arranged at L20,C00, on the following exceptionally easy terms of payment—viz., L 2.000 in cash, L 5.000 in snares paid up to 10s each, and the balance to remain for a term of four years, renewable for an additional two years if desired by the Company, at 6 per cent, per annum intere-.t, with the right to pay off sums of not less than LI,OOO on any quarterly date in giving three months' notice in writing. It is proposed to issue the balance of the shares as follows: 2i 6d on application, 2s 6d on allotment, and two calls of 2a 6d per share at intervals of not lesa than three months, beyond which it is not anticipated that any call will be necessary. It should be unnecessary to point out that an oppcitunity seldom occurs to purchase a valuable city property by only paying 10 per cen*.. of the purchase money, a property, too, which from the date of purchase will be earning a substantial interest to the Company. To make the property one of the best investments, it is propt sid to expend the balance of the capital intended to be called up in ulterinc: and improving the Th-atre and approaches and rebuilding the Hotel, together with shops, offices, etc., on the High and Stafford streets frontages, and utilising the present extensive yard in various attractive and profitable ways, according to p'anß already prepared. The receipts from rentals, estimated on present return aDd engagements already made, would amouut to at least £2,ssoper annum, while with the improved Theatre these will certainly be increased.

The expenditure would be: Interest on mortgage, incidentals, etc, £1,120, leaving a balance of £1,430, equal to nearly 11§ per cent, on the capital proposed to be callei? up. The existing tenancies for the Theatre and other parts of tha property will yield to the Company more than 10 per cent, during the rebuilding of the Hotel. Full detail!) of these estimates can be seen at the offices of the Brokers. Tho Vendors have an offer for a Lease for 7 years of the whole property when the improvements are effected at a rental equivalent to more than 8 per cent, on the capital intended to be called up, after deducting interest on mortgage and a substantial sum for expenses of the Company. This offer will be at the disposal of the Company and substantially guaranteed. It iB, therefore, manifest that this is no mere speculative undertaking, but a sound investment yielding an assured return on the capital, and that with the inevitable iito in the value of City properties the shareholders will be in the position of having an investment constantly incrcasinn in value without the smallest possibility o a loss in capital. As showing by comparison what an excellent opportunity this affoids for securing an interest in a central city property, attention is drawn to two comparatively recent aale3. The quarteracre at the corner of Princes and Dowlinp streets, purchased by tho Austialian Mutual Provident Society, cost L 25.000 ; the buildings thereon were nearly valueless, being sold for L 135. A similar area at the corner of Princes and Rattray streets, purchased by the Government Life Insurance Department, cost, with the old buildings thereon, L 35.500 ; and it has been stated on their behalf that a considerable advance can now be obtained on that price. It may also be mentioned that a sum of LIO.OOO has been offered aud declined within the last few weeks for one-eighth of an acre in Princes street, not far from the Theatre property. In allottiug the shares priority of application will receive due consideration. ANDREW HAMILTON, Interim Secretary. Dunedin, 30th July, 1889.

SHIPPING. NION STEAMSHIP ) COMPANY OF NEW ZEALAND \ (LIMITED). ■■--■-- - TIME TABLE. FOB OAMARU.— BEAUTIFUL STAB, b.b. on Tuesdays and Fridays!. Pasßenßffrs from Dunedin Wharf on Friday at 10 p.m. Cargo till 4 p.m. FOR J.YTTELTON AND WELLINGTON. —RINGAROOMA, s.s., on Friday, 2nd August. Passengers from Dunedin Wharf at 3.30 p.m. Cargo till noon. P0 R LYTTELTON, WELLINGTON. PICTON. NEL3ON. TARANAKI. AND MaN JKAU. ROTORUA, s.s., on Monday, sth August. Passengers from Dunedin Wharf at 3 p.m. Cargo till noon. FOR AUCKLAND via LYTTELTON, WELLINGTON, NAPIER, AND GISBORNE. —WAIHORA, R.S., on Wednesday, 7th August. Passengers per 230 p.m. tra'n. Cargo till 4 p.m., Tuesday, at Wharf. EOR SYDNEY VIA LYTTELTON, WELLINGTON. NAPIER, aTSRORNE, AND AUCKLAND.-RINGAROOMA, s.s., on Friday, 2nd August. Passengers from Dunedin Wharf at 3.30 p.m. Cargo till noon. FOR MELBOURNE VIA BLUFF.— MARARO A. 8.5., on Thursday, Ist August. Passengers per 2.50 p.m. train. FOR FIJI from AUCKLAND.—ARAWATA s.s., about Sunday, 18th of August. FOR TONGA AND SAMOA. WAINUI from /"OKOAND, about Wednesday, August 28. Freight ami Passengers booked tbmnsrh Full particular" on application. FOR TAHITI—RICHMOND, s.a., onFriday, 23rd August. SPECIAL CARGO AND PASSENGER SERVICE Rtduued Fares aud Cargo Prices, FOR WESTPORT VIA TIMARU, AKAROA, LYTTELTON, WELLINGTON, AND NELSON.—MAHINAPUA, b.b., on Friday, 2nd August. Passengers from Dunedin Wharf at 6p. m. Cargo till 2p. m. FOR GREYMOUTH (taking cargo forHokitlka) VIA OAMARU. TIMARU, LYTTRLTON. AND WELLINGTON. - A STEAMER early. FOR AUCKLAND VIA OAMiRU, TIMARU, NAPIER, ANDIGIBBORNE (taking cargo for Tauranga).—A STEAMER early. OWOES: Corner of Vogel, Watyr, and Cumberland »treets,

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https://paperspast.natlib.govt.nz/newspapers/ESD18890731.2.26.4

Bibliographic details

Page 3 Advertisements Column 4, Issue 7973, 31 July 1889

Word Count
1,276

Page 3 Advertisements Column 4 Issue 7973, 31 July 1889

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