Page 261 Advertisements Column 3

Observer, Volume 4, Issue 95, 8 July 1882, Page 261

P.B O. S P E C T. U S OF THE - WAIWERA HOT SPRINGS COMPANY (LIMITED). Capital, £30,000 ; in 30,000 Shaves of £1 each. 11,500 fully paid-up shares will be issued to Mr Graham, as part payment for the property. The capital on the remaining shares will be payable as follows : — 5s per sliare on application, 5s per share on allotment, and the balance in calls not exceeding 5s per share, at intervals of not less than three months. Provisional Directors : W. Aitken, Esq. P. G. 'Ewington, Esq. D. B, Cruickshank, Esq. Jas. Robertson, Esq. Thos. Morrin, Esq. A. Brock, Esq. E. C. Barstow, Esq. P. Eai-1, Esq. Thos. Buddie, Esq. George Fraser, Esq. Dr Haines Jno. Kirkwood, Esq. Jos. Banks, Esq. E. Ludlow, Esq. Hy. Brett, Esq. Jackson Palmer, Esq. Juo. Fisher, Esq. C. T. Wren, Esq. ' Jas. Wallace, Esq. T. H. Hunter, Esq. H. P. Anderson, Esq. Wm. McCullough, Esq, R. C. Greenwood, Esq. Geo. McNab, Esq. Jos. Bennett, Esq. Rich. J. Gill, Esq. Jas. Black, Esq. John Milne, Esq. Jno. Anderson, Esq. Thos. Macffarlane, Esq. T. Henderson, Esq., M.L.C. M. Murchie, Esq. J. Williamson, Esq,, M.L.A. B. Hornsby, Esq. P. J. Moss, Esq., M.H.R. S. Kohn, Esq. W. J. Hurst, Esq., M.H.R. Capt. W. Steele Capt. J. H. R. Harrison. W. H. Grace, Esq. Capt. Colbeck. A. Martin, Esq. W. S. Wilson, Esq. W. Lodder, Esq. J. Craig, Esq. G. H. Layers, Esq. P. J. Somer field, Esq. Dr Goldsboro' James Stewart, Esq., C.E. Dr J. M. Mooz-e H. J. Wickens, Esq. Dr Honeyinan Rich. Keals, Esq. Dr Stockwell G. Holdship, Esq. ' . B. Ireland, Esq. J. Waymouth, Esq. R. J. O'Sullivan, Esq. George Harper, Esq. Wm. Waters, Esq. E. M. Stark, Esq. J. L. Hatswell, Esq. Charles Ring, Esq. Jno. Endean, Esq. Jas. B. Graham, Esq. ' Edwin Hesketh, Esq. John James, Esq. ' A. Devore, Esq. Andrew Bell, Esq. Jno. Taylor, Esq. J. Cosgrave, Esq. John Reid, Esq. A. Cairns, Esq. John Winks, Esq. M. H. Roe, Esq. P. Hall, Esq. Rees George, Esq. S. Jackson, Esq. P. J. Hull, Esq. Jas. Russell, Esq. Francis Skeens, Esq. J. H. Upton, Esq. Jno. Wallace, Esq. W. Gorrie, Esq. Wm. Percival, Esq. Bankebs : The National Bank of New Zealand. Solicitors : Messrs. Whitaker, Russell and Buddie. Brokers : Auckland Brokers' Association. Secretary pro tern : John Milne, Esq. OPPICES OP THE COMPANY : COLONIAL BANK BUILDINGS, QUEEN-STREET, AUCKLAND. The Company is formed to purchase from. Robert Graham, Esq., the valuable Hot Springs, Baths, Hotel, and Estate, situated at the Waiwera, within four hours by coach road, or twenty-four miles by water, from the City of Auckland. Steamers run daity, and a mail coach to and from the North Shore three times a week. The Waiwera Harbour being within the Hauraki Gulf, offers a delightful pleasure trip, of which many thousands avail themselves during 1 the year. The beauty of the harbour and of the surrounding country, as well as the curative properties of its perennial and abounding thermal mineral springs, are so widely known that comment is unnecessary. Seabathing, river-bathing, and boating on the river which runs through the property, are auiong the many attractions of this unique estate. The climate is so mild and equable throughout the year that tobacco and the orange and lemon grow luxuriantly. Mr Graham has spent large sums in developing the property since he acquired it nearly forty years ago. Haying brought it into a paying condition, he wishes to retire and leave to others the further great improvement of which the Waiwera property is now capable. The property handed over to the Company will consist of the Hot Springs (which have yielded an inexhaustible supply of mineral water from time immemorial) ; the Hotel, which is doing a large and profitable business, and capable of accommodating from 90 to 100 persons comfortably ; the whole of the Harbour frontage, and 728 acres more or less of adjacent country. The latter is admirably adapted for a Township, Villa Residences, and small Farms. It will become very valuable when a proper wharf is built by the Government, which, it is hoped, will not be much longer de- i layed. A further block of 102 acres has been leased by Mr Graham, from Mr Anderson, at a rental of £50 per annum, for 10 years, with a right to purchase for ! £1000. This lease will also be handed over to the Company. The property, with Furniture, Plant, Live Stock, &c, Baths, Bath-houses, Hotel, Cottages, Land, and the' Lease above-mentioned, will be sold by Mr Graham to the Company for £23,000. Mr Graham only requires one-half of this amount to be paid within six months from allotment of shares, and will accept fully paid-up shares for the balance of the purchase money. Onethird of the shares will be apportioned to and reserved for the Southern Provincial Districts of New Zealand, and Sydney and Melbourne. The preliminary expenses incurred in the formation of the Company will also be paid by Mr Graham. The Hotel business yielded: last year a net profit of £1622, to which siirn it has steadily grown from the small beginnings of eight years ago, when accommodotion for visitors was first attempted. It is proposed to appropriate £7000 in enlarging the Hotel and other improvements; in order to keep pace with the growing demand and great increase of visitors from the South of New Zealand, and from all parts of Australia and the South Sea Islands. The profits of the year may then be confidently estimated at from £2000 to £3000, with a proportionate increase in the years to follow. Prom the land alone a large revenue must ultimately be. secured, and in the meantime the current and increasing business is a sufficient guarantee for handsome dividends to the shareholders. j A meeting of the subscribers will be convened for the Election of Directions, &c. (who will be daly appointed according to the number of shares taken up in each Provincial District and in Sydney and Melbourne), of which due notice will be given. Applications for shares will be received by the members of the Auckland Brokers' Association, and at the temporary offices of the Company, Colonial Bank Buildings, Queen-street, till 20th day of July, 1882. BE HOT SPRINGS HOTEL BUSINESS ACCOUNT. 321, New Zealand Insurance Buildings, Auckland 16th May, 1882. Robert Graham, Esq., Sir, — Having complefced.the audit of your Manager's books and accounts for the year ending 13th May, 1882, I have now the pleasure of handing you the accompanying documents, viz.: Profit and Loss Account, Receipts and Expenditure Account, and the Balancing Account on 13th May, 1882. Reference to the Profit and Loss Account shows that the business done during the twelve months amounted to £5,159, yielding a profit of £1,622. The figures for the year ending May 13th, 1881, wore : Business done, £4,545, and profit, £1,291. The business done in the year ending 13th May, 1882, has therefore been £614 and the profit £331 more than during the previous year. A per-centage comparison shows that the business done was thirteen and a-half per cent, more than last year, yielding an increase of profit of twenty per cent. This result must be gratifying to you, as it proves that at the Hot Springs Hotel a higher ratio of "profit attends increased business. In the Statement oil Expenditure £27,6 6s 5d has been charged by your Manager to Improvements, namely : new stable, tanks, reservoir, fencing the new plantation, vapour bath, ornamental vases, &c. Besides this, he informs me that you have had planted during the year a large number or orange, lemon, fruit, and other trees, the cost o£ which did not come before me. : I am! Sir! your obedient servant, . ; JOHN WAYMOUTH, / ' ■ ■:.' Public Acoountaut.