Page 1 Advertisements Column 2

Wanganui Chronicle, Volume XXXIII, Issue 11281, 30 May 1891, Page 1

PROSPECTUS OP THE TOT A NG ANUITMISHING COMPANY (limited). Qapital, JE2500 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 2s 6d, per share per month. PROVISIONAL DIRECTORS. Mr J. Whiting Mr J. Murray Mr J. H. Whiting Mr J. Crane Mr 11. Hurley Mr F. Stringer ' Mr Mills | Mr J. Trussell Mr A. Sykes." This Company is being formed for the purpose of placing in the Wanganui Market, and the districts available, . regular supplies of fresh fish. It isjntended 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 Wanganui. The temporary office of the Company will be situate 1 ou Taupo Quay, Wan' ganui, where. all information respecting the Company may be obtained, and applications for shares made. Jt is proposed that tho Company shall erect and curry on a Freezing works in Wanganui, so that a regular supply of fresh fish can be kept up at all seasons. It is estimated that fish to the value of over i>2boo per annum, at" retail prices, can be desposed of in and around Wan'ganui and the Townships contiguous to it. The following are some of the fishes that are available to the Company : — Flounder Hapuka Horring Schnapper Red Cod Gurnat'd . " Travalli Blue Cod Mackerel . Mullet Mullet Soles Whitebait Kawhai The Wanganui Bar, and also the position of the Port of Wanganui, have been a distinct drawback to any fishing industry as carried on in the present primitive manner, and it is confidently predicted that the markets of Wanganui and its neighbouring townships can consume a much larger quantity of fish than it has been possible to supply by the means now in use. , That fish may always be caught," and that there are large quantities in the Wanganui B*ighib at times, are beyond doubt; and it is also well known, that the Sounds and the fishing grounds round the island of Kapiti, might be made to contribute their marine riches to this market. It is hoped that the proposed Company will perform the double work of placing an abundant and regular supply of fish in our markets, rvhich will be a great boon to the public, and of paying a good dividend to the shareholders as a reward for their enterprise. ■ It is .estimated that the above mentioned Company, having one steamboat .and one sailing smack, wonld average 122 working days, in .the year, and that the earnings-would average, for fteshfish in gross, £6 daily, per vessel, or a total .of £1464 as the results of the deep sea "fishing, and iSBOO for river fish, whica . can be caught when the weather, is. not fit for outside fisning, making a grand total .of £VJtyi. . The fisherman, wduld work for two-thirds of the nett takings (that is the gross, takings, as above, described, less tho working expenses of ..the Company); The other third wouid be the property of the Company, and should give a fair dividend to the shareholders. i The firm of J. Whiting & Co. offer their smack, the Castlecliff, and plant to the Company for JE43O ; and Mr J. H. Whiting, one of the firm, offers to manage the Company, act as wholesale salesman, and in fa6t, do all the clerical and business works of the Company for 7\ per cent, on the gross Bale?, and will bind himself to do so for twelve months from the incorporation of the Company. MARKETS. If the Company have fish to the amount of JE1764 to dispose of in twelve months, the following is a possible way of selling the same :— There is a sure market in Wanganui and the district round about it, for j627 worth, per week, which would supply three hawkers 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 effect of 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 Wanganui might, be expected to take fish to the amount of £25 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 Sea and River Fishing, and from an investigation into Messrs Whiting Bros.' books they are confident that not less than £1401. will'be realised froin the Sea fishing, and 4300 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 wt have before stated, we have every confid ;ace in the ultimate success of the Trawl Fishing, which will very, greatly increase the returns. For Sale and To Let. -T^ O R SALE.J The Goodwill of that splendid Native Leasehold known aB the Waipakura Reserve, ftontmgthe Wanganui and Upokongaro Rivers, and is distanced six miles from Wanganui, and contains 2400 acres of land, which is fenced and subdivided into seven divisions. Good homestead, delightfully situated on the Wanganui River, and complete in every respect — yards, dip, woolshed, &c. The flat land fronting the river is unsurpassed, and the hills are well grassocl ; good, healthy sheep country. The Lease has 12 years to run at a low rer>' al. For further particulars app 1 ■ to FREEMAN R. JAd<-- & CO. "IT! OR b A L E. Mr W. H. Cox has auii or: od us to sell by private contract hi? i f ';iun of 425 acres, situated at Momoliaki, C miles from Waitotara Township. Tho land is of the beßt quality, and all cleared except about 25 acres. The necessasy buildings are erected on the properly, and tho. land is all in grass or crop, divided into suitable paddojks, and well watered. Price low. FREEMAN R. JACKSON & CO.