Page 8 Advertisements Column 1

Sun (Christchurch), Volume VII, Issue 2027, 13 August 1920, Page 8

ABRIDGED PROSPECTUS OF THE PUKEKARORO QUARRIES, LIMITED (To ,Ve incorporated under "The Companies Act, 1908," and its amendments, as a Company limited by shares.) DATED the 3rd clay of August, 1920. Filed with the Registrar of Joint Stock. Companies, Auckland. CAPITAL: £IOO,OOO (In 100,000 shares of £1 each, of which 60,000 are offered to the public, and 40,000 held in. reserve.) ISSUE OF 60,000 SHAKES upon the following terms:— 2/6 per shave on application. 2/6 per share on allotment. And the balance in calls not exceeding 2/6 per share, to be called up as require 1 at intervals of not less than three months. All shares are to rank for dividend according to the amount paid up thereon. PROVISIONAL DIRECTORS: ' JAMES BUCHANAN MACFARLANE, Merchant, Fort. Street, Auckland. ROBERT BURNS, Managing Director, John Burns and Co., Ltd., Auckland. ERNEST YATES, Managing Director, Arthur Yates and Co., .Ltd., Auckland. ARNAI'D McKELLAR, General Manager, Blackball Coal Company, Ltd., Christchurch. SOLICITORS: MESSRS BAMFORD AND BROWN, N.Z. Insurance Buildings, Auckland. BANKERS: NATIONAL BANK OF NEW ZEALAND, LIMITED. BROKERS: MESSRS O. G. AND J. 11. AITKEN AND CO., 94 Hereford Street, Christchurch. MESSRS COLBECK AND GRIFFITHS, N.Z. Insurance Buildings, Auckland. INTERIM SECRETARY: W. 11. BURTON, Fort Street, Auckland. AUDITORS: MESSRS BRUCE AND DUTHIE, Shortland Street, Auckland. ; The Company is being formed for the following purposes:— (a; To acquire from Mr Herbert Sutcliffe Nicholl, of Auckland, Manager, a sublease for about 07 and a-half years (expiring on the 19th day of March, 2018) of the Trachyte Stone-bearing areas of some eighty-two acres, description of which is given below. A full copy of the proposed sublease may be inspected at the office of the Company's solicitors, Messrs Bamford and Brown, New Zealand Insurance Buildings, Auckland, (b) To take over from the said Herbert Sutcliffe Nk*«" «»«""« *" nnri«lin«» held hv him covering a chain wide strip from the m for the purpose of the Company's railway Il.„. (ci To acquire from the said Herbert Sutcliffe Nicholl a sub-lease for 99 years of limestone rights over Mr T. Coates's land lying within half a mile of the proposed railway for a royalty of 9d per cubic yard on the other terms and conditions mentioned in an option held from Mr Coates dated 22nd July, 1920, (d) To develop and turn the said properties and rights to account. The consideration payable to the Syndicate is as follows:—(a) £1250 cash to cover expenses incidental to obtaining the above lease and option and survey of line, and (b) the reservation to them out of the above-mentioned royalties of threepence per cubic raid of road metal, one penny per cubic foot of other stone, and fourpcuee halfpenny per cubic yard of limestone (sixpence per cubic yard on road nutal, one pennv per cubic foot of other stone, and fourpenco halfpenny per cubic yard of limestone being payable to Thomas Coates, of Orakei, Farmer, as owner i. The Syndicate receives nothing further in the way of cash, shares, or any Other consideration. DESCRIPTION OF PROPERTY. The land contained in the above-mentioned sublease is situated at PukekaToro, in the Parish of Kaiwaka ; in the Otamatea County, and is known in the district as the Bald Rock—a kill-of approximately somo 750 feet in height. It is about four inika from the Kaiwaka Station, on the North Auckland Main Trunk Line. The deposit 15 in two distinct formations, a fault or dyke evidently appeari__ i.„ 4„ 4-i r\ nc deposit may be described as a slaty formation with fering exceptional facilities for reduction into road metal, etc. The second deposit of the same stone, showing in two faces on the opposite side of the hill, is evidently one enormous stratum of solid rock to depths unknown. It is conveniently joined so as to greatly facilitate quarrying operations. This building stone'appears in two very pleasing colours —Light Grey and Brown, both of which take a beautiful and' lasting polish. The quantities both for road metal and building stone are practically inexhaustible, and the contour of the deposits and surrounding laud- is such as to provide a working scheme of gravitation. The limestone deposits are in close proximity to the area containing the trachyte stone. Samples have been tested by the Government Chemist, who commends these deposits as the most suitable for converting into ground limestone for agricultural purposes, showing as they do up to 97 per cent, of Carbonate of Lime. 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 02 chains. This line naturally passes through several owners' land, and Options with each Owner are secured, giving rights to purchase the freehold of the lands required. CONTRACTS: The onlv contract which has been entered into on the Company's behalf Is an agreement dated the 23rd day of July, 1920. made between Alan St. Clair Brown, of Auckland, Solicitor, on behalf of the Company, and Herbert Sutcliffe Nicholl, 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 of Association as the qualification for a Director is f>oo. Directors' Remuneration.—The Directors' remuneration is to be such sum or sums OS may lie lixed from time to time by a General Meeting. Minimum Subscription.—The minimum subscription on which the Directors may proceed to allotment is 40,000 Shares. Fully Paid-up Shares.—The only shares which arc to be issued otherwise thau for cash are as follow: tai 100 fully paid-up shares in satisfaction of £IOO of the purchase price to be paid to the undermentioned 11. K. Jones under the undermentioned option, and (b) 200 fully paid-up shares which, at the Company's option, may be issued '■■ satisfaction of £2OO of the purchase price to be paid to the undermentioned .rles Stewart or his assigns. ' the consideration payable to them is as above set forth. The Vendors of properly proposed to be acquired by the Company are the following persons, being the land owners from whom the above-mentioned options have been obtained:— George Thomas Mills and Fanny Kmnia Mills, of Kaiwaka—Option to purchase seven acres at £.'lo per acre. John Nelson Abercrombie, of Kaiwaka—Option to purchase 1 acre at £22 per acre. Lawrence Frederick 51111s and Edgar George Mills, of Kaiwaka—Option to purchase. ■'! acres at £25 per acre. John Hyland and David Thornton Hyland, of Ponsonby, Auckland—Option to purchase 0 acres at £M per acre. Hugh Kennedy Jones, of Auckland, Land Agent—Option to purchase 4 acres at ijO per acre. Charles Stewart, of Bcmuern, Auckland-Option to purchase 11 acres for £3OO Interest.—The aim ,1 the iibove-menti nterest.—The liatli Auckland, from i ind for £tli 10/- pto pay a conuins id extent of the interest o iptrty proposed to be acqu the director; ed by the G GENERAL. The promoters of this Company look upon the flotation as a matter of great National importance, inasmuch as they are convinced that it is only by the perfecting of the roads North of Auckland that the products of that proline area can be safely and properly marketed. •oniplctc Prospectus will be found: full report of Mr Herbert S. Nieho Manager of the New Zealand So Hiitine, Limited, « in stcne quarrying and engineering), dealing with formation, quantity, quality, working of deposits, markets, road metal, buildiug stone, estimates, etc.; The report of Mr Henry Roche, M.N.Z.Soe., C.E., Cambridge, dealing with plans and estimates from 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 tho Limestone samples; Letters from prominent Auckland architects, expressing their high opinion of the quality of this stone for building purposes. ESTIMATED CAPITAL EXPENDITURE. £ s. d. £ s. d. Bailwav and Sidings, including purchase of land and notive.'as per Mr 11. Bochc's estimate 21,953 0 0 installing the quarrying, crushing and sawing and ihing plants; building and housing as per Mr 11. S. i Vendors to cover expenses inclined ~ .. 1,250 0 0 linary expenses apart from brokerage .. .. 750 0 0 Total Capital required .. £18,798 0 0 fiuu'i-s of f -ld,o:;.'i, as given by Mr Nicholl as the yearly estimated • o-.i Sun annual outputs, this shows a return of 18 per cent, on the Company's Prospectus may be obtained from the Gentlcmen..1 hereby request you to alio) me Ijibove-nanii-d Company upon the terms of Ho- <'omp.-iuv's !' Srd day o*' Augii-f. i'.»2i», and 1 hereby agn-c. in a.-e.-pl I'm number that may ! .• allotted to me. 1 enclose herewith cheque for X, s. .'!. pavab'e en application for the said Shares, at the rate of :: agree to pay the further sum of TWO SHILLINGS A X I ■ SI buarp on allotment, and the balance as provided in the I'rospi Aoi T iequest and authorise you to sign any necessan £ll acts ami things necessary to register me as the holder of ti |Sated the. Description ~.