Page 4 Advertisements Column 2

Hawke's Bay Herald, Volume XXI, Issue 5359, 18 April 1879, Page 4

richest alluvial lands in the district, but capital is not now necessarily required to be raised for this undertaking. 6 The capital of the Company will be ' £75,000 in 1500 shares of £50 eaoh. Five pounds per share on application, and. five pounds on allotment. The further sum of twenty-five pounds per share will be oalled up as follows :— Ten pounds in six months, five pounds in twelve months, five pounds in eighteen months, and five pounds in twenty-four months from date of allotment. It is not thought 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 Clive 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 apy of the ComVanv's lands for sale untU the bridge is JvaUable for traffic, say withm two years, and in the meantime the Estate Wl be managed for sheep and agricultural farming, as it is at present^ but for the benefit of shareholders. And as thelivestockupontheEstatemaybeconsidered as about the best in the Hawke s Bay district, it is anticipated that tne EBtate will return seven and a-half per cent, nett per annum on the oost. Immediately before the land sale the stock and plant will be so d 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 Suburban lands until the wharf is availl able for shipping ; but this wiU be a matter for the special consideration of i itKnfiSy expected that wiflibta i two J vaars from the commencement of the ComJauv the proceeds of sales of stock and r S'lands will be sufficient to discharge > aU b Sities accrued up to that date, and will aSo enable the directors to refund to the i- shweholders £15 on every share (see pro- ■ Jressive statement appended). And it is i Eyed that within three yeara bra t the i sS'SSSi ■nJainC-So per share, then leaving as Sterest and pwfit to the shareholders the heater Aon of the town suburban, and » fm K and the railway line propertxes 7 that at the lowest present estimatewould be • iAoMO in value. This estimate is amved ft froT the fit that the valuation (as per JnneSd statement) of the 30W. acres of : Sk^sr^ffis^ i 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 conside. ; Sn has ever been offered in the , Colony c No difficulties of any moment can attend the - completion of the project, and the grea i com- ■ mercial value ancf importance of the works b proposed to be inaugurated in connection . with this enterprise may well be thought to Tustify the anticipated success of the scheme - that has been briefly sketched in this Prosa pectus. b The Share List will be open till 26th May, B 1879, and applications bearing post-mark of 1 that date within the Colony will be conr sidered on allocation. f Forms for application for Shares can be 7 had at the officeof the Interim Secretary, or J the Agents. I UPTON FELLS 4 UPTON DOWNS. ! SHEEP RUNS SITUATED IN THE 1 COUNTY OF MARLBOROUGH, NEW j ZEALAND. r "™"""~~ "~" I 22,820 Acres Freehold, moreorjless^ 26,930 „ Leasehold, „ t 20, 000. Sheep,' » b ' MR. CJ. W. GRIFFITHS 8 Has received instructions to sell by Public f Auction, at his Booms, Blenheim, on 1 Thuksday, the 15th day of May, 1879, at 1 2 o'clock, p.m., ALL that valuable Estate, known as the UPTON FELLB and UPTON s DOWNS, the property of H. H. Staffobd, b Esq., situated in the luxuriant valley of the Awatere, County of Marlborough, New \ Zealand, and distant about 25 miles from a Blenheim, together with 20,000 (more or, less) well-bred Merino Bheep of mixed ages and sexes, in good condition, horses, plant, ! and usual sundries for working the station. ! The above runs contain an area of 49,760 n acres, and are generally regarded as forming one of the finest estates in the Middle Island. The leases are held under "The n Marlborough Waste Lands Act, 1867, " Amendment Act, 1874," and have 18 yearß „ to run. The properties (with the exception v of about five miles, where natural bounda- £ ries exist) are completely and substantially , fenced iv with a good seven-wire fence. ' There is also a sub-dividing fence, and q a number of smaller paddocks, in all fifty , miles of fencing. ' The Awatere river forms a natural boun- \ dary to the northern portion of the run, £ which is abundantly watered by that iir " Flaxbourne, the Medway, the Ure, and ' other streams. f The improvements consist at the Head Station of a substantial seven-roomed house with good garden and plantation of trees, a first • class wool • shed I with convenience for 12 shearers and ,£ 800 sheep, fine stable and cart sheds, four cottages, store rooms, &0., &c., 13 well c grassed paddocks, sheep yards, dip, and every convenience. I Shepherd's quarters, Musterer's whares, v and yards also on the run. V The Auctioneer would specially direct the attention of buyers to the central position of this estate, its proximity to Blenheim, the principal town in the district from whence wool is shipped, and the facilities which cxl i ist for the easy transit of produce, j The Runß have lately been understocked, and are capable of carrying 30,000 sheep, in ° their present condition, while owing to the t richness of the land, and the open nature of the country a speedy return for further imft p'rovements is assured. The manager has been directed to afford 5 facilities to capitalists wishing to inspect the runs. ? A plan of the properties may be seen at the office of this paper, and at the Loan and Merchantile Agency. Terms, conditions, - and the fullest particulars may be obtained I from 1 J. W. GRIFFITHS, 75 Auctioneer. 3 — , 7 2 Sfi 8 alt | f ° I |l|>H * -co ilS^-il « i 3 I \\\*\\X \ i gHiili 1 1 Bill HIIUI s'g s S '•"i • C> I h SSl?**,? § 9 LJ q ti *s .-•» t$ s»r • s ■ i ifi-im * I- itiiili l c - ■ — — . 3 LAND TRANSFER AO'I. ■ EDWARD LYNDON. * "GOVWRNMBNT BROKER, 7<J