Page 6 Advertisements Column 3

Manawatu Standard, Volume XL, Issue 7902, 30 July 1904, Page 6

Uj.tccl and filed with the Registrar of Joint Stock Companies on the 23rd day of June 1901. \ , *■ ■ i^B* ■ 11 V UC£^o^J "■lfee Empire, Bellevue, & Mansions CONSOLIDATION LI3VIITED." To be incorporated' under " The Companies' Aot, 1903 " PRGVBSIONAL DIRECTORS: ASfm/V^Sfr' EsqDunedin (Managing Director Speight <fc Co., Ltd.) nii{™ rVc^r V- L0I)r)E:R> Esq., Wellington (Proprietor City Buffet Hotel). - ' ifS^prS' Esq,V^VeEn?vOn> Sol! citol' (Direot°r Wdlington-ManaTOta Eailway 0o 7 ., Ltd.) I^™. Esq., MD. .(Director Equitable Life Assurance Society of U.S. ' g.^^P.^LO, Esq., \7elhngton, Electrical Engineer and Hydraulic Expert ' ' . HEEEMAN-LEWIS, Esq., Wellington; Investor . : CHAELES TIHNGHAM-, Esq.,. Wairarapa,; Sheepfamer (Director Wellington Trust, Loan & Invastmont Coy Ltd) Who hold office until the first meeting of shareholders which will be held not less than one month nor more than three months bom th« .";-gfl» aS£K£? entltkd t0 COmmenf bUSIneSS> Whict meeti"S P«nanent Director, of tiToSSS^bIHSSSiSS •■ - ■•■ ' : : •- ' . . ' ; ~ ■ ■ Tk& National Bank of New.Zealand, Limited. . . SOL3CITOR: J- J- Devine, 16, Brandon :Street, Wellington. BROKERS: ' :' ■ SECRETARY (pro temjz J- S. Schwartz, Colonial Mutual Buildings, Custom House Quay, Wellington.

Tins Company is being formed for fclie purpose of acquiring, as a goiug concern three of the most valuable business properties in New Zealand—the large and palatial EMPIRE HOTEL, in-Willis and Victoria streets, Wellington ;■'the beautiful BKLLSVUE GAEDENS and fashionable Hotsl at the Lower Hutt, : and the poDular Private Hotel known as "THE MANSIONS," in Ghuzneß street, Wellington. It is proposed to purchase these three properties for the sum of £130,000, of which the vendor receives £55,000 cash and 4000 fully paid-up shares; the sum of £55,000 remaining on fixed mortgage. The fact' that local" companies have a sum of £55,000 on fixed mortgage is an undoubted nroof of the soundness of the securities offered. ■ - * . ; The value of the asset 3to be acquired by the Company has been carefully assessed by well-known and reliable experts, aud' ' a suranmiy of their reports show a total value fit £14.4,229. These figures,.based on thoroughly reliable estimates, show a surplus of £M; 22- over and above the purchase price to be paid by the Company. •:.-.' ' . ..'■'-. The intention of the Company.is to carry on the three businesses named on the soundest and.most popular lines, and to utilise to the utmost the latest and most modern ideas in hotel management.. . . . ~ ■•■.-•■ This is an KgQ of Consolidation. The trend of. modern business methods is m the direction of merging small enterprises into great, and thus reducing the expenses of management.. The amalgamation of these three important properties will enable the joint management to effect-.a considerable saving in many classes of Stock, Goods, Provisions, &c, which by being purchased in large quantities will be secured on much more profitable terms than under separate ownership. > ; . , I • The consolidation of the properties will undoubtedly result in Sflicient and Economical Management, . Increased Business and Increased Profits. As to the value of the three aaset3 in this great business proposition, first consider . '- . "The Empire Hotel." . This establishment is the premier hotel in, Wellington, and is in point of situation, architecture, equipment, and general convsnience, one of the finest hotels in Australasia. It is unique in . iiaving two frontages—to the two leading business streets—one to . Wiiiis street, and the other to Victoria street. The position of this building may bo said to be the most valuable in point of situation •And convenience which could be selected for private or public «merprise in the whole of tho capital city of New Zealand, Tlie area covered by the hotel represents^ length from | street to street of 190 feet, with a frontage to' Willis | und Victoria streets of ; 75feet and 71 feet respectively. " ; Ifc consists of four stories and tho baaeinent.iand contains 125 :corns, 108 or which are bedrooms. : : •""";■■ Note these Fignras! : A careful and full investigation of the books and accounts ii tho Empire Hotel has. been .made by Messrs. Badham andHiss, Professional Accountants and Auditors, Wellington. Their report shows.that from June, 1899, to October, 1903—. ittle over four, years—the hotel receipts totalled £83,200, against ! <n •expenditure of. £51,371, leaving a net profit of £31,835, • xelusive of interest. . . <■ '. I.• For the year 1003 the total receipts were £25,671103 sd. 1 For the four months from November Ist, 1903, to February ' :oth, 1001, the receipts'were £10,571 5s lid.. For the months >c January and1 Febrnary; 190-1, the receipts amounted to c' 5.570 10s lid, which is-at the rate of £33,423 per annum, ■ncl underthe new management will undoubtedly increase at an - van greater ratio. V • .- A-. i The-present rate of profit on the Empire Hotel alone ropreserits-over.B per cent, on the entire capital of the '•4naolidation, without.:..taking_ into consideration at all tha' -rofits from " The Mansions " and " Bellavuo Gardens."

! GEO. ALLMAN, BLACKSMITH & SHOEING SMITH. ;.;■■ j (Next Hodder and Tolley'Si Bangitikei-st) TXORSES shod under my pebsonal | -*--*- supervision. All branches of : olacksmithine; work done on the I p'emises.s Horses senb;for to any part o*. jthe town. Telephone No. 221. . E. LAKGQMB S CIVIL ENGINEER \& ARCHITECT. /°|PFICE~Law Chambers, the Square V/":;'r J?riyateresidence, Duke-street. .Valuer and Arbitrator.;. A GOOD IPPOET. TOMRE.CLEMPSON, : ■" ' HBBBALIST. 164Armagh-Btreet, ■'■■'; ' ; ■Ghristcburoh. ■■■"-,■■ .-■"■',,. May 28th/1903. Dear Sir, —' ..,• • ''..''. It is with great pleasure' I write you these few lines,; to recommend your Neuralgia Pain Conqueror. I suffered nearly (4) four months- with neuralgia. I went to (2) two doctors, and they only ■ eased the pain for a while..•; Ia! so tried several different remedies, but to no avail. The pain grew,worse and worse, until at last I had to 'take" to iny'.bed. J I was reeommendea',by a friend of mine tb;try youv neuralgia care, whioh I did, and to my surprise a few dpsesgaveine | relief, and after taking half .a; bottle of your medicine I was op'mpietieiy''ciived f :Ydu ore.at liberty, to. use this letter as you wish for the'beriefit of others M I remain, you>-s thankfully, . , ELIZABETH; TA"SLOR, '■'■ - ■■■'■ ■' ' •' -.■■■■ '■ ■"-.■:■' ■■ • .. ;':Akaroa. . To be had from H. T. Johnson, Btorokeeper, Palmerason N. .