Page 6 Advertisements Column 1

NZ Truth, Issue 772, 21 August 1920, Page 6

ABRIDGED PROSPECTUS OF THE ' PUKEKARORO QUARRIES LIMITED XTo "be Incorporated tinder "Tho Companies Act 1908" and Its Amendments as j - ... • ' a Company limited by shares.) ■ ' . i ; r ', DA.TJLD the 3rd day of August,. 1920. .'■' ~ ITilea with the Registrar of Joint Stock Companies, Auckland. Capital - - £100,000 ' ;<la 100,000 shares of £1 each, of which 60,000 are offered to the public, and ■40,000 held m reserve.) JSSUE OF 60.000 SHARES upon tlje following terms:— 2/G per share on application. 2/6 per share on allotment. And the balance m calls not exceeding 2/6 per share, to be called up as required at Intervals of not less than 'three months. All sharos a^e to ranß tor dividend according to the amount paid up thereon. \ PROVISIONAL DIRECTORS. 'JAMES BUCHANAN^ MACPARLANE. Merchant, Fort-street, Aucldand. ROBERT BURNS. Managing Director. Jqhn Burns and Co., Ltd.. -Aucktona. ERNEST YATES, Managing Director. Arthur Yates and Co., Ltd., Auckland. AKNAUT) McXSLLAS, General Manager! Blackball Coal Company, Ltd., Ohristohuroh. . SOLICITORS: MESSRS. BASIFORD AND BROWN, N.Z. Insurance Buildings, Auokland. x BANKERS! NATIONAL BANK OF NEW ZEALAND, LIMITED. f BROKERS! > "W. O. STEPHENS} 828 Lambton-quay, Wellington. ♦*„>,. INTERIM SECRETARY! W. H.- BURTON, Port- street, AucklAnd, AUDITORS! v .-.,.._■ • ' MESSRS. BRUC2J AND DUTHIE, Shortland-street, Auckland. , OBJECTS; * JBhe Company is being formed for the\following Purposes :— (a) Tdacqulre from Mr. Herbert Sutollffe MicholL of-Aucklaftd, Mana. eer, a sublease for about 97 and a-half years (expiring on the 19th day of March, 2018) of tho Trachyte Stone-bearing areas of 8om« elchty-two acres, description of which is glvon below. A full cops of the proposed sublease may be inspected at the office of the^Com-pany-e solicitors, Messrs. Bamford and Brown, New Zealand A nsu,fi» Herbert Sutcliffe Nicholl options to purMr. Coates, dated 22nd July, 1920, and . (d) To develop and turn 'the Raid properties and rights to R ccOun *- 1280 The consideration payable to the Syndicate is as follows :~-(a) £1250 to cover expenses incidental to obtaining the above ease and .option and Wvsv of Une, and (b) the reservation to them out of the above-mentioned -royalties o : threepence per cubic yard of road metal, one penny per cubic foot It other stone, and fourpence half-penny per cubic yard of limestone (sfe&w^e ocr cubic yard on road metal, ono penny per cubic foot of other stone jaxm Courpence half -penny per cubic yard of limestone being payable to Thomas "^^^^^^^".SSlf 'furth.^ m the way cf cash, «h«™, on /.ny other oon.lder a ticn^ cßrpTioN Qp pROpERTY The land contained m the above-mentioned sub-lease is situated at P"Kefcaroro, m the Parish of Kaiwaka, m the Otamatea County, and is known In !the dlatrlot a B the Bald Book-* hill of approximately someJßO feet In heightIt Is is»out four miles from the Kftlwaka Station on the North Auckland Main VrU ¥he^ l depOHit is m two distinct formations a fault or **totrt&«ntfrjjP* toearing between them. On© deposit may be described as a slaty formation SSh pllyhedrVl cleavage, offering exceptional facilitifs for reduction into road jnetalT eto. The second deposit of the same Btone, Bhowing m two faces on the opposite side of the hill, Is evidently ono enormous stratum of solid rocK to depths unknown. It is conveniently Joined . bo as to greatly facilitate nuarrying operations. This .building stone appears m two very pleasing colors i—Light Grey and both of which take a beautiful and lasting* polish tfhe quantities both for road metal and building aton© are. practically inexhaustible, and the contour of the deposits and Burrounding land is suoh &s to • provide a working scheme by gravitation. ' The limestone deposits are In close proximity to the area containing tne traohyte stone. Samples have been tested by (ho Government Chemlßt who commends these deposits as, most suitable for converting into ground limestone for agricultural purposes, showing as they do up to W per cent, or Cofbonfets of Lime. . i ," For transportation facilities a branch line is to be constructed to make direct connection between the property and the Government Main Trunk Line. The length of this, including Sidings, will be approximately 4 miles 52 ch^ns. tails line naturally pauses through several owners' lands and Options witn 1 leach Owner ar» peoured giving rights to purchase the freehold of ,ihe lands fciftulred. ' CONTRACTS. KThe only contract which has been entered Into on the Company's behalf is ■ ten agreement dated the 23rd day of July, 1920, made between Alan St. Clalr Brown, -of Auckland, Solicitor, on behalf of the Company and Herbert Sutcllffe 1 Kicholl, a copy whereof may be inspected at the office of Messrs. Bamford and Brown, Solicitors, New Zealand Insurance Buildings, Queen-street, Auckland, during ordinary business hours. . ' Directors' Qualification,— The number of shares fixed by the Articles or {Association as the qualification of a Director is 600. Direotors' Remuneration»--The Direotors' remuneration Is to bs such sum ifcr »vms as may be fixed from time to time by a General Meeting. Minimum Subscription*— The minimum subscription on which tho direotors IMjuur proceed to allotment Is 40,000 Shares. /• '^^rtiHy paid-up Bhs,res*— The only, shares which are to be Issued otherwise JfthULfor cash are. as follows l— . . j£a) 109 fully paid-up shares In satisfaction of £100 of the purchase nrloe to be paid to the under-mentioned H. K. Jones under th» under- •*'■ mentioned option, and <b) 200 fully paid-up shares which, at 'the ' •■*. Company** option may be Issued In satisfaction of £200 of the pur- /' chose prloe to b» paid to the under-mentioned Charles Stewart or his s - / assigns. . . «■ ■ » {' Vendors*— flPh« only vendors to the Company are' the above-mentioned MWndloate, and the consideration payable to them Is as above set forth. The [Venders of property proposed to be acquired by the Company are the' follow;|jhMt person*, beinc the land owners from whom the above-mentioned options £aYe been obtained i— George Thomas Mills and Fanny Ellem Mills of Kaiwaka— -Option to : purchase seven acres at £80 per acre. John Nelson Aberoromble of Kaiwaka — Option to purchase 1 acre at £22 per acre. . ' _ , ' s tAwrence Frederick Mills and Edgar George Mills of Kaiwaka— Option :to purchase 8 acres at £25 per, acre. ' John Hyland 'and David Thornton Hyland of Ponsonby, Auckland— \ Option to purchase 6 acres at £30 per acre. Bjuffh Kennedy Jones of Auckland, Land Agent — Option to purchase 4 acres at £60 per acre. Charles Stewart of- Remuera, Auckland — Option to purohas© 14 acres for £500 In all. - John MoLean of Kaiwaka— Option to lease up to 4 acres at 15s per aore ' per and The Commissioner of Crown Lands Auokland from whom It Is proposed to buy such last mentioned piece of land for £16 10s per aore. r Commission*— The Company proposes to pay a cdmmission , up to 5 per llMnt. for procuring subscriptions for -shares m the Company. Promoters' Interest.— The amount payable to the Promoters is the abovetaentlonod sum of £1250 and the above-mentioned royalties. , , Director*' interest,— The nature and extent of the interest cf the directors . „to the promotion of the Company, or any property proposed to be acquired by . /th* Company. Is limited to their Interest a* promoters. GENERAL. The promoter* of this Company look upon the flotation as a matter of great National Importance, inasmuoh as they are oonvlnced that it is only by the perfecting cf the roads North of Auokland that the product* of that ' 'proliflo area can be safely and properly marketed. ' In the complete Prospeotus will be found: — \ The full report of Mr. Herbert S. Nicholl (fora number of years General Manager of the New Zealand Serpentine, Limited, -and an expert m stone-quarrying and engineering), dealing with formation, quantity, . quality, working of deposits, markets, road metal, building stone, estimates, etc.; ■ _ " . " . hthe report of Mr. Henry Roche, M.N.Z.' Soe,, C.E., Cambridge, 'dealing with plans and estimates for the railway work required; The Geological Reports, Compression Tests, and. Analyses which have from time' to time been obtained in' respect of the Trachyte, together with the Analysis and Report on the. Limestone samples; Letters from prominent Auckland architects, expressing their high opinion of the quality of this stone for building purposes, i' ESTIMATED CAPITAL EXPENDITURE. nßost of Railway and Sidings Including purchase of land and looomotlve as per Mr. H. Roche's estimate ... • • • • • • . . 24,955 00 ' Post of installing the Quarrying, crushing and sawing and polishing plants: Building and housing as per Mr. H. S. Nlcholl's Estimate .. ". . 17,688 o'' 0 {Allowance for contingencies 30 per cent... .. 4,266 0 0 46,798 0 0 Cash payment to Vendors to cover expenses m- ; . curred . . „ . » . . • • . . 1,260 • 0 Estimated preliminary expenses apart from bro- , kerage ... .. •• •• _ ... 750 0 0 ' : Total Capital required .. £48,798 0 0 '[, Taking the figures of £10,933 as given by Mr. Nicholl as the yearly esti- ;; mated working profits on his annual outputs, this shows a return of 18 per , cent, on £60,000 capital. Copies of th e Company's Prospectus may be- obtained from the above mentioned Broker*. FORM OF APPLICATION FOR SHARES. To Jhe Provisional Directors of The Pukekaroro Quarries Ltd., Auckland. Gentlemen, — I hereby request you'to allot me Shares m ';. the above-named Company upon the terms of the Company's Prospectus [ dated the 3rd day of August, 1920, and I hereby agree to accept the same or ' any less number that may be allotted to me. * i-. I enclose herewith cheque for £ s. d., being the amount payable on application for the said Shares, at the rate of 2s 6d per^Share, and I agree to pay the further sum of TWO SHILLINGS AND SIXPENCE (2/6) per Share on allotment, and the balance as provided In the Prospectus. And I request and authorise you to sign any necessary documents, and do all acta and things necessary to register nui as the holder of the Shares so allotted. ' Name m Full \. 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