Page 3 Advertisements Column 7

New Zealand Herald, Volume XLVIII, Issue 14789, 19 September 1911, Page 3

Prospectus. .-' ' ■', ;':/■■' ; ". .-;;■■ .-:' -./■. SUPPLEMENTARY PROSPECTUS OF THE NORTH NEW ZEALAND COAL AND CEMENT COMPANY, LIMITED. DATED THE 18TH DAY OF SEPTEMBER, 191 L Filed with the Eegistrar of Companies, 18th September, 1911* Directors: Names. Description, Addresses. J. C. MACKY Merchant Auokland H. D. HEATHEE Merchant Auckland H. C. CLAEK Merchant Auckland J. H. GUNSON Merchant Auckland JAMES HAEEISON Merchant Whangarei (Managing Director)* "Bankers * BANK OF NEW ' ZEALAND. Auditor: .;. ■ PEKCY BUTLER, F.N.Z.A.A., Victoria Arcade, Auckland, Solicitors: MESSRS. WILSON AND HARBISON, Whangarei. Brokers: _ GAMBLE AND GRIFFITHS, Auckland, 81, Queen-street, LASCELLES AND THOMSON, Market-street, Napier. Secretary and Offices: . W. W. BRUCE, Swanson-street, Auckland. Of the 20,000 Shares first created, 18,000 have been allotted, and are paid -09* The Company has issued no Debentures. There, are no debts owing by the Company. The capital of the Company has been increased from £20,000, divided into 20,000 Shares of one pound each, to £60,000, divided into 60,000 Shares of one pound each, by the creation of an additional 40,000 Shares of one pound each, such additional Shares to be issued at such time or times and on such terms and conditions as the Directors may prescribe. ■ "• , It is proposed to deal with the remaining 42,000 Shares as under:— .. ,-„„.,-_ To offer 30,000 for sale on the following terms:— 6d per Share on application, 2s 6d on allotment, and calls of 5s per Share at intervals of not less than three months* 12,010 Shares »o be held by the Company in reserve. These may be offered later to raise money to enlarge the capacity of the works, when undoubtedly they win d* placed at a considerable premium. COAL PROPERTY. ■■■ ■' ... The quality of the coal is good; quite equal for both steam and household use to any produced in the north of New Zealand. It is almost entirely free from sulphur* There is very little water in the mine, which makes the cost of pumping, very small. The fact of this coal being in proximity to the best Cement-making rock: in the world gives it a greatly enhanced value. Whangarei must certainly become the Newcastle, of the Cement trade. „ ',',__ ' ■-' EXTENT OF COAL SEAMS. In addition to the top seam open at the time of issuing the Company s prospectus, a lower seam has been opened up and worked, which is from 6ft to 7ft in thickness. Three bores have been sunk to the north, ahead of the workings, and prove the Beam 34 chains. The seam grows thicker in every bore and is 9ft 6in in the test bore, lhe workings taken with these bores proves that the seams live to the north and east over a very large area, and are part of the same deposits worked in the Kamo mine ana proved by boring to extend a considerable distance to the east of their workings, it is now easy to prove to anyone with a knowledge of coal mining that the Company a property ranks amongst the beat coal properties in New Zealand. A very conservative estimate puts the coal proved to exist at six million tons. The Directors ask intending investors to examine the property, both above and below, knowing that it will Dear the fullest investigation and scrutiny. It is easy of access, lying Dust outside the borough of Whangarei. There is, therefore, no difficulty for anyone to get at it ana see for themselves. _ ™,^, T „, \rmnrra nwT NEW CAPITAL REQUIRED FOR CEMENT WORKS ONLY. The present capital of the Company is sufficient for working the coal mine. in. order, however, to add cement-making to the Company's business additional capital la required. The estimated cost of a modern plant, capable of an average output of 80 tons in 24 hours, is £20,000; but to provide for contingencies and working capital it 13 considered advisable to increase the capital to £60,000, THE SEASON WHY. „ Amongst the considerations that have induced the Directors to recommend thia course may be mentioned the following:— . - * . There is an unsatisfied demand for cement, which is rapidly increasing. Cement manufacture will give a profitable use for a large amount or coal, especially slack, which is difficult to sell. About a ton of coal is required for every ton oS cement. ' . '■■' PERFECT RAW MATERIAL. There exists all the raw material needed of the best quality. It cannot be excelled in any part of the world, and it is questionable if material equal to it can be found as accessible anywhere. The best quality, therefore, can be relied upon at a minimum of cost. No freight or railage on coal. ' ■ ,_ . ~ The coal is very suitable for the purpose of cement-making. There is an ideal site for the works near the coal mine, with good water, railway connection, deep-water shipping wharf, safe harbour. This is a combination of advantages possessed by no other cement factory in New Zealand, and should enable the Company to manufacture cement at a prioe to compete successfully in the Home market and open up a profitable•...-,.. export trade. UNRIVALLED QUALITY. " Auckland cement now stand's first in New Zealand. This no doubt is the result or the excellence of the raw material. Indications are not lacking that these hydraulic s lime deposits are destined to make north Auckland the greatest cement-producing centre in the South Pacific, and to put it in a position to probably export cement on a very large scale. „ LARGE PROFITS. * ,_ It follows that with these conditions cement-making is a highly-profitable business. It is estimated that the Company can put the very highest grade on the railway trucks at the works at 25s per ton, or F. 0.8. ocean steamers and coastal vessels at 27s 6d. These estimates are the result of careful calculations by men who have been years at the work. The cost of labour of all kinds, from quarrying the stone to sewing the bags, has been carefully considered. In this estimate the price of coal is put at 7s 6d per ton, thus allowing a fair profit to the coal mine working account. Aha . . present selling price in large quantities is-60s to 65s per ton. , IMPROVED MACHINERY. There are in connection with these facts the important considerations that ftnf entirely new plant can be put down, every machine the best adapted to the work ft proved at other factories. Whilst it has cost other companies, thousands to gain; knowledge by experience, this Company starts at the point they have reached. TRAINED MEN. t ! ,J sA staff of men is available with long and varied experience in the works. They, are prepared to work at a fair rate of pay, and some of them are prepared to take at considerable money interest in the Company. ,'^„_ rt SHIPPING FACILITIES. ! Vessels drawing anything up to 26ft can load with safety in any weather, taking! » coal and cement at the same time. r ~,,,„„ nmnr . „ . LARGE CAPACITY WITH SMALLEST OUTLAY. Under these circumstances the capital required for a large output is comparatively small. No expensive lands to buy, no wharves or railways to buildj no need to experii ment with machinery. _, _ ' . ' ' DEMAND FOR CEMENT. It is well known that the cement works in New Zealand are not able to supply the present demand, and the amount required is rapidly increasing. Professor James Parks, in his book " Geology of New Zealand (1910), makes the following statement:— Concrete is the coming building material of the future; and New Zealand, with its enormous deposits of limestone and clays in juxtaposition, its water-power and coals; its long seaboard and deep harbours, is destined to become the centre of cement manufacture for the South Pacific." -_.•„„, IT WILL PAY FROM THE START. From a careful consideration of all the facta of the case the Directors have no hesitation in saving this is one of the most satisfactory business TjTopositdonß ever offered to the New Zealand public. The coal mine is now ready to work, and able to take care of itself and yield a good profit. About nine months will be required to obtain and erect the cement plant, after which regular dividends may be relied upon and the Shares take a place with the best investment stocks in New Zealand. - . ,

"Musical. TOTE ,T)LES ! . ' WEEN HARMONY DISAPPEARS, • Buy Piano or Organ on Easy Terms, from £1 deposit and 2s 6d or 6s weekly. See £17 Doherty .-. Organs and £30 English Pianos, or send to-day for Catalogue, TCI TITOORE AND pO.. CUSTOMS-ST. EAST (opp. Parnell Car* •piANO AND ■ /"VEGAN pUYERSi '.✓ '- • ■ - * ■ -\ '.-- -r .' ■' ■ ■ s WE OFFER YOU THE TJEST INVESTMENTS AT THE LOWEST PRICES AND EASIEST '■' TERMS. "We Mark Our Goods in PLAIN FIGURES, ONLY ONE PRICE—THE LOWEST. ( .'■■-■■ t We make EXCHANGES on most liberal terms ,:., ,■ -. .■.•■ i. .■■"■. .■ ..... Consult us before committing yourself toj a purchase. ■■' Our Show Rooms are near E.M. Theatre* Queen-street. . ■'.' ; : "P AND "p piANO A GENCY, T TL\ i i Timber. L. O. B; KAURI, - T>IMU. ■ ■•■: 1 - IVI T7-AHTKATEA, . QREGOBP , :—! _ — ___ < NOTICE.— MCCARTEN BROS., of Onehtmga, having Purchased the outputs of Slabs at the Onehunga Sawmilling Com- «. pany, will be pleased to supply Mill Wood at reasonable prices on application at their office, where all orders will be received ano> delivered with prompt despatch. MCCARTEN BROS., ; Carriers and Coal Merchants, -. . QUEEN-ST-. ONEHUNGA 'Phone No. 7^.-' ' 'Tea..'".';. ; . —_— ; - - • ———^ ■DUMPING T7"ALUE ;IN npEAJ MONK'S TIPPLE TEAi IS 6D PER LB. The Finest Value in the Dominion. I have Sole Agency of Five Tea Garden^' and can give unequalled value. i v. TRY IT! ; But see it is made in a warm, dry,. Teapofci S. L. P. B"™* WELLESLEY-STREET. '1 \ -piNEST ipOECELAIN "OATHS* rgATHSJ QHANKS" •DASINS! pANS! p BATES I QISTERNSk . nprLESJ AND riLL CANrrARY APPLIANCES, pAS "CUTTINGS! Select from, NEWEST DESIGNS. GREATEST YAEIETfc LOWEST PRICES. _ ■ Ring up "Phone IS& It. will pay yon, ."OAKER AND pO* T.TB-- ,* , / NEXT TRAMWAY OFFICES.' % ■■■:■/&:■■■ ■-■ ■:- : ' ; ' ; . ; "■ .i '''' ■'■::''■:■■' • .- • '1'

Booksellers and Stationers. pBAMPTALOUP AND "TiDMISTON. -■ HITABIE pORELLTS NEW NOVEL. 1 " rpHB T IFE pvERLASTTNG," pSICB. OS gD. pOSTED, £S. WILL ARRIVE IN AUCKLAND EAELY IN OCTOBER. 1 ORDERS NOV BEING REGISTERED By pHAMPTALOUP AND J^DMISTON. BOOKSELLERS AND STATIONERS, ( 138, QUEEN-STREET, AUCKLAND. { Coal Merchants, Carriers, etc. , J. J. CRAIG, LTD, ; FOR c NEWCASTLE pOAL. ALL KINDS mAUPIRI pOALS, ALL KINDS. T3RUNNER "VTUTS pOAL, CELEBRATED " FOR BLACKSMITH'S PURPOSES, [ ■ORICKS. TIMB. :■,,":•; pEMENT, OAND. •pOTTERY. "OIELD rpILES. ETC, pENERAL pAREIEES. ■piURNITURE "REMOVAL A CPECIALTY « TRY k ; J. J. CRAIG, LTD,, HEAD OFFICE, QUEEN-STREET, Opposite 8.N.Z., Auckland. - t- —' Machinery, etc. HOBNSBY OIL ENGINES HOLD rriHE [WORD'S JJIGHEST j^WAEDS., 2000 MANUFACTURED ANNUALLY. MOST DURABLE, RELIABLE, AND. ECONOMICAL Oil Engine in the Market, One Pennyworth of Oil gives 3 horsepower for an hour. All particulars from JOHN BURNS AND CO., LTD., AUCKLAND AGENTS. WHAT YOURS IS MINE, WHAT'S MINE'S YOURS. GOLD TOP. ALE EVERY TIME. YK7E ARE BCYERS FOR CASH, in Large or iYV* Small Quantities, of BOTTLES. SACKS, RAGS, RUBBER, BONES, METAL. Etc. Country Consignments solicited. Cash remitted the same day as goods checked. piiARB. Ti Eoa (LATE TABLE BEOS.). _ DRAKE-ST.. AUCKLAND. 'Phone 2429, *