Page 3 Advertisements Column 3

Hawke's Bay Herald, Volume XXI, Issue 5343, 29 March 1879, Page 3

capital is not now neoessdriljf, required to be raided for this' Undertaking. 6. The ..capital of the' Company will be £75,000 iv 1500 shares of £50 each. Five pounds per share on application, . . and five poiinda on allotment. . The further sum of twenty-five pounds per share will toe called up as follows : — Ten pounds in six mouths, five pounds in- , twelve months, • live pounds in eighteen months, and five pounds in twenty-four months from date of allotment. : . It is not thought i that any further calls will be necessary unless the company should decide to acquire the 3000 additional acres now offered. 7. The cost of purchase of the Olive Grange Estate, with stock, &c, is shown in the ; annexed statement as £66, 000,. payable in the manner there mentioned. ■ ' 8. It is not intended to, offer any of the Gom- • , pany's lands for sale until the -bridge is .. available for - traffic,, say . within^ two 'years, and in the meantime the .Estate will be. managed fcr sheop and agri- ' ' . cultural farming, as it is at present, but for the benefit of shareholders. 4nd as the livestock upon theEßtate may beconsidered as about the best in the Hawke's ' Bay district, it is anticipated that the Estate will return seven and a-half per cent, nett per annum on the cost. Immediately before the land sale the stock and plant, will be sold and this portion of the undertaking closed. 9. The first Land Sale will be held as soon as possibles after tho bridge is open for traffic, when rural or farming allotments will be. submitted for sale. It is not proposed to sell much of the town or suburban lands until the wharf is available for shipping ; but this will be a matter for the special consideration of shareholders. . . : ' It is confidently expected that within two years from the commencement of the Company, the proceeds of sales of stock and rural lands will be sufficient to discharge all 'liabilities accrued up to that date, and will also enable the directors to refund- to the shareholders £15 on every share (see progressive statement appended), And it is , believed that, within three /years from the commencement of the Company it will bein t the power of : the directors, out of proceeds of sales, "to .refund to the shareholders the re« . niaining : £2O per share, then leaving aa : interest and profit to the shareholders, the greater portion of the town, suburban, and hill lands, and the railway' line, properties that, at. the, lowest, present estimate would be f £ 130, 000 in value. This Estimate is arrived at from the fact that the valuation (as per annexed . statement) of the ,3000 . acres of rtifa^iand'is; fully 25 per -cent,' below the present value' of similar lands on the north bank of the Tuki Tuki river, : which are now ; capable of : 'fattening r 'li' to 'S bullocks per acre, or of carrying sheep in proportion. The promoters . of this Company feel assured tfiafnO sWer or more' lucrative ihvestment'than that now submitted for consideration has ever been offered in the Colony. :No difficulties of any moment can attend the : completion of the project, and the great commercial , value and importance of the works proposed' to 1 be inaugurated in connection with this enterprise may well be thought to justify the, anticipated success of the scheme that has- be 1 eh briefly sketched' in this Prospectus. ' The Share List will be open till 26th May, 1879, and applications bearing post-mark of that date within the Colony will be considered on allocation. •Forms for application ;for Shares can; be had at the office of the Interim Secretary, or tho Agents. 1249 : BANNBB & LIDDLE. . PETANE SALE YARDS. TTIES.DAiY,. APRIL 1,. 1879, '■..'. '":-. ■ Atl2o'olock. ■' ...BANNER & LIDDLE Will, hold" a Sale' of Cattle and Horses, on the above date, at the Petane Sale Yards, . ' and will. sell uade'r instructions from the Trustee .in the Estate of J. Bulloch and others, about - CSf\ HEAD OF CATTLE 15 Horsea. Further Entries for this Sale will be received by Mr Villers or the Auctioneers, The Petane Coach will leave the Western Spit at 11 o'clock, returning shortly after the sale. . : - . , BANNER & LIDDLE, 1225 Auctioneers, SATURDAY, APRIL 5, 1879, At 12 o'clock, BANNER AND LIDDLE Have received ' instructions from Mr A. Peters to sell by public auction, at his Farm, Taradale, on the above date — ' THE WHOLE of 'the COACHING PLANT lately ÜBed by hjm on the Taupo-road, consisting of about 30 horses, amongst, which are some really good single and double harness horses: also, some breeding mares with foals at foot to Papapa ; also, some, yearlings out of same horse, 30,' horse-collars, 10 sets of , harness, 2 .wagons with leather •' ' springs, 1 do" with steel springs well adapted fpr ( farm, work, „corn---1 ••' crushers, and 1 a lo'|i of sundries too numerous to mention. • ■'■ After which; 30 Head of Cattle, amongst which are some good dairy cows ■ Als j, 20 Sections of Land in the Township of Taradale, ..adjoining the police- . ( , station, eaph containing about £ acre. „\ ' . , This land was never flooded at any 1„ , r tin^e, prior, to, the. Taradale embank--1 '"' ""''"'" ment being, constructed., Will be .sold on deferred payments, to suit ' ' buyers of small means. : . „„ ■ Terms at sale. ... , Luncheon provided. BANNER & LIDDLE, 144 Auctionee rs. NEW s.s. CLYDE. , Captain Peterson. REGULAR TRADER FOR WAIROA ryiHßjl Vessel having been built expreesly 1 for the Wairoa : trade, offers superior \ accommodation to : Passengers. Full particulars regarding dates of sailing, &c, can be obtained from the Agents at their Stores in Napier or Port Ahuriri. .:.:.,-, BANNER & LIDDLK, 191 v . Agents. NOTICE. NAPIER WORKING MENS' CLUB. rpHE Half- Yearly General Meeting of the JL. , . members of, tho above Club will be held on MoNSay Evening, the 31st instant, at 8 o'clock sharp. ..; Business : .. To receive t lialf- Yearly Boport and to Elect Officers .for the ensuing halfyear. Members, whose Subscriptions are overdue are requested to bring their Contribution Cards, as the Secretary will be in attendunco from 7 to 8 o'clock p.m. to receive .Subscriptions. WILLIAM COX, 1241 President. TMPOUKDED AT HASTINGS, JL By Jonsr Curtis, March 27, 1879. 1 Brown Mare, about 14 hands high (with foal at foot), brnnded like T over Sd on near Bhoulder, near fore and hind fetlocks white, long tail. I Yearling Bay Filly, branded like R II on off rump, near hind leg white. Unless redeemed will be sold April 4th, at : • 1 p.m. . • W, A. BEEOROFT, 1242 , • ..'.-. Poundkeoper.