Page 5 Advertisements Column 3

Hawke's Bay Herald, Volume XXI, Issue 5345, 1 April 1879, Page 5

■ capital is not how necessarily required to bo raised for this undertaking. • 6; The capital of the Company will to £75,000 iv 1500 shares of £50 each. Five pounds per sharo on application, and five pounds on allotment. The further sum of twenty-five" pounds per share will be called up as follows :— Ten pounds in six months, five pounds in twclvo months, iive pounds in eighteen months, and five pounds in tw&nty-four months from date of allotment. It is not thought that any further calls will be necessary unless the coiripany should decide to acquire the 3000 additional acres now offered. 7. The cost of purchase of the Clive Grange KSUtc, with stock, Ac, is shown in the annexed statement as £66,000, payable in the maunor there mentioned. 8. It is not intended to offer any of the Company'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 sheep and agricultural farming, as it is at present, but for the benefit of shareholders. A.nd as the live stock upon the Estate may becon : sidered as about the best in the Hawke's Bay district, it is anticipated that the Estate will return seven and a-half per c&nt. 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 possible after the 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 Buburban lands until the wharf is available for shipping ; but this will bo 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 bo in the power of che directors, out of proceeds of sales, to refund to the shareholders the remaining £20 per share, then leaving as 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 £130,000 in value. This estimate is arrived at from the fact that the valuation (as per annexed statement) of the 3000 acres of rural land 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 1£ to 2 bullocks per acre, or of carrying. sheep in proportion. The promoters of this Company feel assured that no safer or more lucrative investment than that now submitted for consideration has ever been offered in the Colony. No difficulties of any moment can attend tho completion of the project, and the great commercial value and importance of the works proposed to be inaugurated in connection with this enterprise may well be thought to justify the anticipated success of the scheme that has been 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 the Agents. 121 BANNER & LIDPLE. PETANE SALE YARDS. TUESDAY, APRIL 1, 1879, At 12 o'clock. . BANNER & LIDDLE Will hold a Sale of Cattle and Horses, on ' tho above date, at the Petane Sale Yards, and will sell under instructions from the Trustee in the Estate of J. Bulloch and others, about C)f\ HEAD OF CATTLE 15 Horses. Further Entries for this Sale will be received by Mr Viliers or the Auctioneers. The Petane Coach will leave the Western Spit ab 11 o'clock, returning shortly after the ealei BANNER & LIDDLE, 122 Auctioneers. THURSDAY, MAY 15, 1879, At 2 o'clock. BENOPAI AND CASTLE SHEEP RUNS. COUNTY OF MARLBOROUGH, NEW ZEaLAjnD. MR 0. J. W. GRIFFITHS Has received snstructions to sell by Public Auction, in one lot, at his rooms, Blenheim, on the above date, 4 LLthat Well-known Estate the BENOA. PAI and CASTLE SHEEP RUNS, comprising an area of 32,138 Acres ; 1 25,552 acres being ]?reehold, abundantly watered by the river Waihopai and the Spray. The Improvements consist of a' good Manager's Residence, Gardens, Plantations, specially good Wool Shed, Stables, men's Cottages, &c, and the properties are entirely enclosed by natural boundaries, and a substantial wire fence. The attention of capitalists is directed to sale of the above well situated Runs, which are about 25 miles from the Borough of Blenheim, and command an extent of first class wool growing country. A plan of the properties may be seen at the office of this paper, aud at the New Zealand Loan and Mercantile Agency. Terms, conditions, aud the fullest information may be obtained from C. J. W. GRIFFITHS, 123 Auctioneer. NOTICE is hereby given that Assessment Courts will bo held as follows :— For the Norsewood District, at the Sohoolhoupe, April Bth. At Ormondville, at M. Levy's Store, April 9th, 5 p.m. At Danevirk, at the Schoolhouso, April 10th, at 4 p.m. At Woodville, at M. Murphy's Hotel, April 11th, at 12 o'clock. JOHN WILLIAM THOMSON, 124 Judge of Assessment Courts. Board of Education, Napier, March 26, 1879. QECRETARIES of Schools and Public O Libraries in the Hawke's Bay Educational District are informed that applications for Library Grants will be received up till noon on Saturday, the sth April. The distribution of the Library Fund will take place on the 7th of April proximo. H. HILL, 125 Inspector of Schools. ■ NOTICE is hereby given that the Copartnership hitherto subsisting between the undersigned William Mumkay and' William Common, and carried on as Merchants at Napier and Port Ahuriri and at Gisborne and at Wellington, all in the Colony of New Zealand, under the style of Murray, Common and Company, has This Day been Dissolved by mutual consent. As witness our hands this thirty-first day of March, 1879. WILLIAM MURRAY, By his Attorney ChaS. C. Morray. . WrLLIAM COMMON. Witness to the Signatures ) of the said parties \ John N. Wilson, Solicitor, Supreme Court, Napier. WE beg to intimate that we have This Day commenced Business as Wool and General Merchants and will carry on aame at our Offices at Spit and in Wellington, I MURRAY, ROBERTS & CO. 1 Kapier, Ist April, 1879, 196