Page 19 Advertisements Column 2

Otago Witness, Issue 1935, 26 March 1891, Page 19

Late Advertisements' SPECIAL ISSUE OF 33,017 SHARES, To be called up to £1. GHAFFEX BROTHERS (LIMITED). THE AUSTRALIAN tBBIIJATION COLONIES. MILDUBA, VIOTOBIaT BBMMABK, SOUTH AUSTRALIA. . CAPITAL I Authorised, £3.000.000. In 200,000° Share's of £10 Each. Subscribed : Paid up upon 66,683 shares ...£458,436 7 0 Uncalled capital ... ... 200.000 0 0 Called, but not yet due ... ... 8,393 12 3 Reserve fund ... ... ... 90,000 0 0 Total capital and reserves ... £766,830 0 0 BOABD OF~DIBBOTOBS. VIOTOBIA : Hon. J. F. Levien (chairman) George Obaffey, Esq. W. B. Chaffey, Esq. SOUTH AUSTBALIA; Sir Samuel Davenport, K.O.M.G. Walter Reynell, Esq. (Ulder, Smith, and Co., Limited;.' BANKERS i National Banit of A* astro la jla. The Union Bank of Australia (Limited). Bank of Adelaide (South Australia). The objeot of the Directors in disposing of these shares is to provide additional fupds for the extension'of the irrigation system projected, and seoure the fee simple of the valuable land and water concesiions to which the Company is entitled. They also consider that it is now desirable to widen the list of shareholders, and have, therefore, resolved to offer for public subscription 33,017 shares upon the following terms— viz. iss per share on application, and 15s per share in three months from the date of allotment. It is not intended to make further calls upon this special issue, but the Directors rererve the right to the extent of a further £4 per shire (the maximum authorised by the Articles of Association), should it be considered desirable, in tbe Company's interest, at any future time to do so ; but no call can be made without 12 months' notice, nor exceed tea shillings per share, and the SCBIF WILL BE ISSUED ENDORSED TO THAT EFFBOT. Applicants have the right, nevertheless, to pay up the shares of this issue to £5 per share at any time they may wish within twelve months from the date of allotment. In making allotment the Directors will have regard to priority of application, and to the number of applicants, and not leas than ten or more than one thousand shares will bo allotted to any one person. Application munt be sent to the Head Office of the Company. Chaffey's Irrigation Offices, Swans ton street. Melbourne, accompanied by a cheque or bank draft, and applicants may elect to remit payment in full with their application, and in such case a rebate of five per cent, may be deduoted. It is proposed to allot the shares as applications are received, and to cloie the list so soon as the "number required have been applied for. The following form of application, either written or printed, should be used :— Form of Application. To the Directors of Chaffey Brothers (Limited), Swanston street, Melbourne. Gentlemen, — I hereby request that you will allot me ...,....,,.. Shares in the above Company, and now enclose & being per share in payment therefor, and I hereby undertake to accept the above shares or any lesser number thereof that may be allotted to me in terms of tbe prospectus. Dated the day of 1891. Signature...., j. Name in full ;. Address Occupation „., By virtue of the concessions held by the Company, 500,000 acres of land at Mildura and Benmark, in Victoria and South Australia respectively, with perpetual water rights, are (subject to the terms of the agreements and licenses) to be acquired In fee simple upon most advantageous terms— viz., 400,000 acres, at the rate of 20s per acre, in areas as may be required from time to time, and 100,000 aores (less l-15th, which in each case is reserved for the endowment of Agricultural Colleges to be established by the Company) are a free gift from the respective Governments. Mildura and Benmark possess great natural pdvantages. Their location on the river Murray, upon which they border for some 80 miles, places them in an excellent position for exporting their produots cheaply to the seaboard, while in ensures a neverfailing and economic water supply for irrigation purposes. Tbe lands acquired are being improved and put in a condition fit for sale and profitable occupancy upon the lines so t uccessfully carried out by the Messri Chaffey at " Etiwanda " and " Ontario " colonies in Southern Calfornia, which enables the company to dispose of them to great advantage. Subjoined hereto are reports presented to the last general meeting of shareholders held on the 28th February, from which it will be gathered that the company is in a sound position and its business of a profitable character. (From tbe Argus. 2nd March 1891.) CHAFFBY BBOTHBBS (LIMITED.) THE PBOGEBSS OF MILDUBA AND BBMM&EK. The sixth half-yearly meeting of Cbaffeyßros. (Limited) was' held on Saturday morning, 28: b February, Mr J. P. Levin, M.L.A., the chairman of directors, presiding. The directors submitted their sixth half-yearly progress report which was as follows :— In submitting their sixth half-yearly report, tbe directors have pleasure in being able to furnish a most encouraging record of the progress of their colonies. The steady influx of population previously reported has been fully maintained ; the enhanoed value of property, and the substantial returat wbioh have been secured by the earlier settlers, have inspired much confidence, and induced many to become residents and investors. The sale of land for the past six months has been substantially in advanoe of that of any previous like period. The area disposed of now exceeds 11,000 acres, and ii, for the most part, being rapidly brought into a state of productiveness. The opinions formed by experienced horticulturists wilh regard to the early returns from vines and fruit trees have been fully realised . Heavy orops of grapes have been gathered from vines planted but two seasons. The fact that 4003 raisin trays are, at this age of the colonies, required fur handling the preient season's crop, is speaking evidence of the productiveness of tbe early plantations. Some instances worthy of note are recorded :-- " Mr C. L. M'Guirk. whoee holding won the Victorian Government prize 'for the best variety of irrigated cropß, cut this season 231b of raisin grapes from a single vine planted as a cutting in Auga«t, 1889." In Mr S. Murray's official report to the Government, dnt.etl 6th November 1889, he says:— "Riisln vines that have been in the ground less than two yeara, and thftt are therefore less than three yenra from the knife, are bearing fruit. Not a few isolated bunches, but in a vineyard of 10 or 12 acres— a very well kept one, no doubt — every vine had a load of certainly not less than 201b of rlpenUia: grapes. Aprlsots, figs, oranges, and lemons were also in bearing, and as the two first-named fruits were already ripe, their quality ttai capable of demonatration." The Zante currant vine is thriving magnificently, the fruit Is of excellent quality, and vines but three years planted are heavily ltden with beautifully developed bunches. The cot.diMon of the various plantations both at Benmark and Mildura is in every reipeot satisfactory. . No injury hat bien sustained from blight or irsect pests, and everywhere the trees and vines appear in perfect health. The dried fruits produced are uniformly of excelUnt quality; the currants and raisins have been declared superior to the imported, and the apricot* have been pronounced equal to the finest French. They were harvested In the sun, with but little trouble or expense, thus demonstrating that tbe clear, dry, sunny climate of Mildura and Benmark makeß fruit preserving by the natural heat of the sun a certain and effective process. As anticipated, a great advanoe in the value of land has followed these demonstrations of the productiveness of the soil. Offers of £75 and £100 per acre have been retuseafor lots planted but 12 months since, and, while mnny properties have changed bands, holders generally are disinclined to sell, notwithstanding the very tempting offers which have been made,