Page 1 Advertisements Column 2

Wanganui Chronicle, Volume XXXIII, Issue 11278, 27 May 1891, Page 1

PROSPECTUS OF THE TTT ANGANUITfUSHING COMPANY (limited). Capital, £2500 in 2500 Shares at £1 each. Payable as follows : — 2s 6d per share on application, 2s 6d on allotment, and the balance by Calls, not exceeding 2a 6d, per share per month. . ■ PROVISIONAL DIRECTORS. Mr J. Whiting Mr J. Murray Mr J. H. Whiting Mr J. Crane Mr H. Hurley Mr F. Stringer. Mr Mills | Mr J. Trußsell Mr A. Sykes. ' ■ ' This Company is being -formed for the ■ purpose, of placing in the Wanganui Mar"k'et, and the districts available, rognlar supplies of fresh fish. *It is intended that the Company shall work, at the outset,, one steamboat and one ■ smack, for the purpose of deep sea fishing, and to carry on its operations in any waters that may be within easy distance of the Port of Wanganuh- '.. ! The temporary office of the Company wll be situate I on taupo Quay, Wanganui, where all information respecting 'the Company may be obtained, and applications for shares made. ' It is proposed that tho Company shall erect and carry on a Freezing works iv Wunganui, so that a regular supply of fresh fish can be kept tip at all seasons.' . It is estimated that fish to tho value of . over £2000 per annum, at retail prices, can be desposed of in and around Wanganui and the Townships contiguous to it. The following are some of the fishes that are available to the Company : — . Flounder Hapuka Herring . Subnappor Red Cod . Gurcaid Travalli . Blue Cod MackerelMullet 'Mullet Soles Whitebait Kawhai The Wanganui Bar, and also the position the Port ot Wanganui, have been a distinct drawback to any fishing industry as carried on in the present primitive man-' ncr, and it is confidently predioted thatthe .markets of Wanganui and its neighbouring townships can consume a. much larger quantify of fish than it has been ponsible to supply by tho means now in use. That fish may always be caught, and that there are large quantities in the Wanganui Bight at times, are beyond doubt; and it is also well known, thatthe Sounds and the fishing grounds round the island of Kapiti, tnignt be made to contribute their marine riches to this market. It is hoped, thai; the proposed Company will perform the double .work of placing an . abundant and regular supply of fish in our markets,, which will be a great boon to the public, and of paying a good dividend to the shareholders as a reward for their enterprise. I It is estimated that . the above mentioned Company, having one steamboat .and one . sailing smack, would average 122 working days in the . year, and that the earnings would average, for fieshfiuh in gross, £6 daily, per vessel, or a total of £1464 as the results of the deep sea fishing, and £?OO.for river fish, which can be caught when the weather is not fit for outside fisiiing, making a grand total of £1764. The, fishermen would work for two-thirds of the nett takings (that is the gross takings, as above described, less the working expenses of the Company). The other third wouid be the. property of the Company, and should give a fair dividend to the shareholders. The firm of J. Whiting & Co. offer their smack, the Castlocliff, .and plant to the Company for £480; and- Mr J. H. Whiting, one of the firm, offers to manage the Company,- act as wholesale salesman, and in fact, do all the clerical and business works of the Company for T^.per cent, on the gross sale?, and will bind himself to do bo for twelve months from the , incorporation of the Company. " ' - MARKETS. If the Company have fish to the amount of £1764 to dispose of in twolve months, the following is a possible way of selling the same :— There is a sure market in Wangtmni and the. district round about it, for £27 worth per week, which would supply three hnwkers with 30s worth each, per day. This is only a fraction over a half-penny a week for each inhabitant counting 10,000 as within their reach. The effectof a regular supply would probably be to. increase .the demand very mucb, as intermittent supplies never create the demand that regular supplies do. The outlying districts of Wariganni might be expected to take fish to the amount of £26 per week. If the fish should be more than usually abundant, other markets can be found. The Provisional Directors have gone very carefully into the matter, and find that for the sum of £2250 they can purchase Messrs Whiting & Co's Plant and Interest, a small steamer, trawls, and a small Freezing machine, and erect a suitable Freezing Chamber well adapted for the purpose of the Company, and several suitable leasehold sites are available on which to erect the Company's building, at a reasonable rental. The Provisional Directors have also made full inquiries as to the probable returns from both the Sed and River Fishing, and* from an investigation into Messrs Whiting Bros.' books they are confident that not less than £1401 will^be realised from the Sea fishing, and £300 from the River by line and net fishing alone, and as they have every reason to believe that trawls can be successfully worked, the returns may be much larger. They also estimate that after paying all Woiking expenses, Fishermen's twothirds, Interest, and allowing a fair sum for depreciation, the net return to the Company will not be less than 7 per cent , based upon Line Fishing returns, so that this is a very fair return from Line Fishing alone ; and as we have before stated, we have every confidence in the ultimate success of the Trawl Fishing, which will very greatly increase the returns. For Sale and To let. Xp o R sale. The Good-vill of that splendid Native Leasehold known as the Waipakura Reserve, fiontmg the Wanganui and Upokongaro River 3, and is distanced six miles from Wanganui, and contains 2400 acres of land, which is lenced and subdivided into seven divisions. Good homestead, delightfully situated on tile Wanganui River, and complete in every respectyards, dip, woolshed, &c. The flat land fronting the river is uusurpassed, and the hills are well 'grassed ; good, healthy sheep country. The Lease has 12 years to run at a low rental. For 'further particulars apply to FREEMAN R. JACKSON & CO. TM O R SALE. Mr W. H. Cox has authorised us to soil by private contract his Farm of 425 acres, situated at Momohaki, 5 miles from Waitotara Township. The land is of the best quality, and all cleared except about 25 acres. Tho necessnsy buildings are erected on the property, and the land is all in grass or crop, divided into suitable paddoiks, and well watered. Price low. FREEMAN R. JACKSON & CO.