Page 3 Advertisements Column 5

Wairarapa Standard, Volume 7, Issue 615, 11 October 1877, Page 3

TO SELL OH TO LET, with Eight of Purchase, on Easy Terms— Town Acres in the Hupunui Block. MRS HIRSCHBEEG, ROSPECTUS LION FOUNDRY AND ENGINEERING COMPANY (Limited) Capital£so,ooo. In 5000 shares of £lO each. ' TBOVISIONAL DIRECTORS ! Dr Bullet, C.M.G (Messrs Duller A Lewis) E. J. Duijcan, Esq.,J.P. I J. R. George, Esq., C.E. I R. Greenfield, Esq., (Messrs Greenfield and ’ Stewart) J. Henderson, Esq. (Messrs Brogden & Sons) F. A. Krull, Esq. Messrs Krull and Co.) E. W. Mills. Esq. J. S. M. Thompson, Esq. Messrs Thompson, Shannon & Co.) W. T. L. Travers, Esq., M.H.E., (Messrs Travers, Olliver and Co.) J. F. E. Wright, Esq., J.P. Andrew Young, Esq. Solicitors: Messrs Duller and Lewis. Bankers : Bank of New Zealand. Brokers: Messrs Zohrab, Knocker, and Co. This company has been projected for the purpose of buying, and afterwards carrying on, the business of Mr E. W. Mills's Lion Foundry and Engineering Works. . The property consists of the following | 1. The freehold, being sections 149, 150, ' 151; v and 152, of the reclaimed land, having frontages of 130 ft to Waring Taylor-st., and 85ft to Custom-House quay, together with the buildings erected thereon. 2. The leasehold, being sections 146,147, and 148, of the reclaimed land, having a frontage of 66ft lOin to Waring Taylor street, and 85ft 7in to Feather-ston-street. The lease has a currency of thirty-eight years, at a total annual .rental of £49 9s 6d for the first seventeen years, and an increase of 50 per cent for the remaining twenty-one years. 3. The whole of the plant, including engines machinery, tools, <tc., and the good will of the business. The whole of the property, as above de scribed is to be purchased by the company for the sum of £25,000, half the purchase money to be paid in cash, on the receipt of which sum the business will be handed over to the company. The balance of the purchase money can be paid within ten years, and is to bear interest at the low rate of 7 per cent, per annum until paid off. It is proposed only to allot 4000 shares at present, and to keep in reserve the balance of 1000, and to call up £4 per share on the shares allotted as follows, viz.:—los per share on application; and three calls of 20s per share at intervals of not less than two months, and the balance (if required) after an interval of three or four years in calls not exceeding 20s per share, nor at less intervals than three mouths. Apply to OF THE

The sum realised by the calling up of £4 per share will he sufficient to pay the half of the purchase money, and to allow an ample balance for working capital for carrying on the business. The reasons that have induced Mr Mills to part with this valuable property arel. The great and rapid increase in the two branches of his business, rendering the personal superintendence of both almost an impossibility. 2. His intended absence from the colony on a visit to Europe. It is anticipated that in two or three years’ time the value of the land will be so greatly increased as to render desirable the removed of the buildings to some suitable site elsewhere, and the sale of the present site. The sum realised by such sale will probably equal the whote amount now required for the pur chase of the entire property. The advantages of entering into possession of a business in actual operation, with a large staff of trained workmen, and with a, most valuable business connection, are most important, and cannot be over-estimated. The business is capable of profitable dovelopement to almost any extent, the resources of the establishment being equal to any demand likely to occur for many years ; and when owned by a large and influential body of shareholders, each having a direct interest in the extantion of its operations, must of necessity become much more valuable than when carried on by one person nly. A verified statement of the working of the business and of the profit realised daring the last twelve months, ending 30th June, has been prepared, which shows a net profit of £5,158 15s Bd, which statement can be inspected by intending shareholders. It will, therefore, be seen that the business is of a highly profitable character, and certain to yield a large and immediate return in the shape of handsome dividends on the capital employed, and that the future prospects of the company are of a most promising nature. Such portion of the stock in the foundry, at the time of entering into 'possession, as the company desire to take over, will b taken at a valuation and paid for on th usual terms. Contracts in progress at the time of taking over the business to be taken at the valuation, so that profitable work is at once ensured to the company. The indentures of the apprentices will be transferred to the company, thus securing a large amount of skilled labor at a very low rate. From the foregoing, it will be seen that as soon as the company is formed and registered, a profitable business will at once be entered upon, thus affording an outlet for capital of a far more favorable character than aby yet offered in New Zealand. The share list will close on Saturday, 20th October, 1877. Forms of application for shares can be obtained at the offices of Mr E. W. Mills, Messrs Zohrab, Knocker, and Co., and at the various branches of the Bank of Now Zealand. FEATHERSTON. pOR SALE OR TO LET. TOWN Acres 301,303,305, 807 i Acres with running stream. Also, — 26 Building Allotment, with right to purchase. 1519 J. G. COX. Hart u d y , Blacksmith, GREYTOWN, _ H. U., (Late of Mr Mellbride, LdwerHutt) bega.to announce to the inhabitants of Greytown and vicinity, that he has opened a SHOEING and GENERAL BLACKSMITH SHOP in his now premises, near the Bank of New Zealand. Ploughs repaired, and sporting horses carefully plated. Also, carts, wagons, Ac., made and repaired. H. UDY hopes, by strict attention to business and moderate charges, to merit a slim of public patronage. 1056 R BRIGHT, Jtm., begs to direct public . attention to the fact that he has added the business of WHEELEIGHT To ms old established business of Blacksmith. WAG ON a, CARTS, TRAPS, &c., Ac., Made to order or repaired. <• None but good workmen employed. All work guaranteed. 1116