Page 20 Advertisements Column 1

Observer, Volume XXXII, Issue 22, 10 February 1912, Page 20

} ABRIDGED PROSPECTUS 1 OF ! MOEHAU GRANITE QUARRIES. \ LIMITED. f 3 - (To be registered under " The Companies' Act, 1908.") j For the Working of the Stone at the Moehau Granite Quarries, Coromandel ? Peninsula, for supply of BUILDING STONE and SUPERIOR ROAD METAL, of which Auokland stands in suoh need. ; CAPITAL - - - £25,000. Divided into 5,333 Ordinary Shares of £1 each fully paid up, £5,333 and 19,667 7 per oent. Cumulative Preferenoe Shares of £1 each. Now offered to the Public, the proceeds of the sale of which will be available for the purchase of tlie plant required for working the properly, for the gradual payments to the Vendor, and the balance will be for working capital. it is probable that only 10/- per share of this will be required to thoroughly i> establish the business, balance being available for any extensions .. .. £19,607 £25,000 Payable, 2/6 on Application, 2/6 on Allotment, and the balance as required by 2/6 Galls, with ' at least a month's interval between each call ; NOW OFFERED TO THE PUBLIC--19,667 Shares, ranking as 7 per cent. Cumulative Preference Shares until 35 per cent, has been paid tn dividends tnereon, when preference ceases. 1 The consideration for which the property will be transferred to toe Company, unencumbered, by 1 the Promolor and Vendor, Mr R. R. Hunt, has been settled at £5,331 fully i paid up Ordinary Shares of £1 each, iasuable gradually in torms as set forth under Contracts," page 4 .. .. .. .. .. .. .. £5,3*3 . And ca h £3,00', payable to him on deferred terms as set forth unler " Contracts," page 4 .. £3,000 Total consideration. .. .. .. .. .. .. .. .. £8,333 While the property has been valued by Mr F. Rich, C. E., at £15,000. Provisional Directors : MR H. E. PARTRIDGE, of Messrs H. E. Partridge and Co., LM., Auckland, Merchant. MR E. H. CHAMBERLiN, .Sheep Farmer, Ponui Island. C/vPI'. GSORGIfI McK«IN4IK, Shipowner, Auckland. MR GEORGE T. MOGUL, Shipowner, Auckland. Brokers: A Commission of 5 per cent, will be paid by the Company to any person selling shares of the Company. TRUSTEE FOR THE COMPANY AND SECRETARY PRO TEM. ■ PERCY S. BUTLEK, Victoria Arcade, Auckland. Thw Company is being formed to purchase from Mr R. R. Hunt, Auckland, Quarry Owner fthe Hromotor of and Vendor to this Company;, the stone beating property known as the MOKHaU GRANITE QUAtSRIfcS on the Coromandel Pen nsula, fur the purpose of working them losuppiy BUILOING STONci for flew Zealand and abroad, and especially the AUCKLiiSD MAikKBT with kerbstones, gutter pitchers, tramway cubes and HO yD M ;.I'AL, of very superior quality. In effect to embark in the business of STONE MERCHANTS. THB PROPERTY IS SITUATED on the Moehau Range, western seashore of Coromandel Peninsula. QUANTITY. There are four different kinds of stone on the Moehau property: All in practically inexhaustible quantities. *, QUALITY. v TOE BEST BUILDING and MONUMENTAL STONE yet produced in the Dominion. Takes a high polish. Absorption, 0.214 per cent, of its weight, 150 hours soak. THE MARKET FOR STONE IS LARGE. BUILDING STONE at the reasonable price of 2/6 to 3/6 per cubic foot will sell readily, and there are millions of tons easy of access to dispose of. The City Engineer suggests that sawn gutter stones be supplied for Auckland requirements. Split kerbs and pitchers for all the Auckland Boroughs are wanted in large quantities. The local demand for granite has hitherto exceeded the supply. All the cities in JSew Zealand will want this stone for BUILDING PURPOSES. It is hoped that some of this superior building stone will be ordered for tne new Town Hall at Cbristchurcii, upon which they are about to spend £60,000, and the' Parliament newbuilding at Wellington, to cost £80,0u0. A GOOD ROAD M h,TAL IS THB CRYING WANT ABOUT AUCKLAND CITY AND SUBURBAN ROAD DISTRICTS and it is required by Northcote, Birkenhead, Counties of (Vahemata and Rodney, and also the Hauraki Plains, as soon as they are consolidated. The roads in and around Auckland are in a very bad state, the scoria rock now used only last two months, so that the roads are dust in summer and mud in winter, and, if the Moehau Granite road metal only lasts twice as long as thebcoria.it will pay the city to use.granite, which should last several limes as long as the scoria. '1 he City of Auckland will shortly face the dust nuisance and bad roads question when this Company can reasonably expect a large share of the expenditure on road uieial. a trial of a small lot of. hand-cracked granite road metal was made at Khyber Pass, opposite St.. Sepulchre's Church, and the City Engineer, in his report on Auckland roads, published 13th March, 1911, states: " Samples if granite, of local bluestone, and local bluestone tar macadam all laid in Knyber Pass Road, at the point mentioned during August, 1909, have been taken up and reveal the undoubted superiority of the granite to the local bluestone " THE CITY OF AUCKLAND RATEPAYERS HAVING DECIDED BY POLL TO s ' BORROW £425,000 FOR STREET IMPROVEMENT, this Company hope to supply granite road metal, setts and kerbing, for such improvement. PROFIT TO BE MADE. A contract has been signed with the Auckland City Council for a sample parcel of 2,000 cubicyards of 2jin. road metal at 4/- per cubic yard, f.0.b., and offers have been made to contract toi do all the labour for 2/- per cubic yard, f.0.b., which, after allowing for incidental expenses wear and tear of machinery, and redemption of capital, will leave amp'e margin for profit. COROMANDEb GRANITE BUILDING SIONrc has been selling at 4 - to 6/- per cubic foot on Queenstreet wharf. Offers have been made lo fliiU all labour to split the Moehau Granite at 2/» ncr cubic foot, f.o.b. quarries Moehau, and the Company will be able to sell it at 3/- per cubic toot or with 6d per cubic foot freight, equal to 3 8 per cubic foot on Auckland Wharf, freight paid' These prices will ensure a large output, and keep out the Melbourne bluestone, which ia of a much inferior quality. QUARRYING FACILITIES It will be seen from Mr Rich's report that enormous quantities of the atone are broken out by nature, ready for splitting up, and that hence, for many years the stripping of surface material will be avoided to the saving of expense in this direction. PLANT. Most of it has been secured at very reasonable prices, and on very easy terms, leaving tittle to purchase, except a TWINSCRKW STEA viEtt. which is essential to the profitable worWnarol the quarries, as they are situated at an open roaJstead, and steam is necessary for quick fcand. ling of the vessel at the breakwater. WORKING OF STONE BY MACHINERY. An English PLANING MACHINE will do the work of 10 men in planing this granite at a, cost of 30/- per day and will save £5 a day as against cost of hand labour. The old laborious and costly method of sawing, working and polishing stone by hand, and with sh*rp river sand is entirely altered by modern methods, which have quite revolutionised the trade by an immense saving of manual labour. THE BREAK WATER, 2f 3 feet long is erected to low water mark, and it has stood all the heavy gales of last winter without the slightest damage to it. £ 150 for labour will place some 4-ton stones needed at the end to finish it, when a crane to lift these big stones is procured. Fifty feet more added to this breakwater will give seven to eight feet of water alongside of it at low anrlnv tides. The TRAMWAY JHiARTU WORK, hftU-amile from wharf to quarry is finished a *'" n «