Page 4 Advertisements Column 5

Wanganui Herald, Volume XIX, Issue 5306, 12 March 1884, Page 4

PR OSPECTUS 03? THE NEW ZEALAND^, TOBACCOS GROWING AND MANUFACTURING COMPANY (LIMITED.) Registered Under " The ' Joint Stock Companies' Act, 1882." CAPITAL £20,000, IN 4,000 SHARES OF £5 EACH, Payable as follows : 5s per Share on Application, 5s per share on Allotment, and the balance as may be required in sums not exceeding 10s per Share at intervals of not leas than Three Months. Hkad Office and Factory Auckland Provisional Directors : John Ballance, Esq., Wanganui Major George, Gentleman SeymourThorneGeorgk, Esq., H.H.R Arthur Heather, Merchant Hon E. Mitchelson, M.H.R. D. H. MoKenzie, Esq., Merchant Frank Sciierfe, Merchant C. B. Stone, Merchant W. S. Wilson, Journalist W. R. Waddwll, Mayor Elect Bankers : Bank ojb 1 Nbw Zealand. Solicitors : Whitaker, Russell, and Buddle. Broker : Brokers' Association. Secretary Pro Tern. : Fredk. Nutter. This Company is being formed for the purpose of encouraging the Growth of, and for Manufacturing, Tobacco in the Colony of New Zealand. Various experiments have proved that the climate" of New Zealand is peculiarly adapted to the growth of Tobacco, and that in the Auckland Provincial District the best "Havana leat can be grown, and all that is required to start a most important and remunerative locol industry is a sufficient amount of capital. The Colonial Industries Commission made the following report on the 12th day or March, 1880 :— ' AGRICULTURAL PRODUCTS.— TOBACCO. ' ' The most important agricultural industry which has been brought under the notice of the Oommission is undoubtedly the cultivation of Tobacco for manufacturing purposes. The evidence established the fact that any quantity of Tobacco, equal in quality to the finest American, can be grown in New Zealand, and that there is no reason why the whole of the Tobacco consumed in the Colony should not ultimately be produced and manufactured in it. This industry would afford profitable employment to cottage farmers, also to women and children who would be engaged in manufacturing, and would utilise large tracts of land, which at present are either waste or yielding but little, &c. " The Commission are assured" that after five or six years cultivation and manufacture, Tobacco could be produced in New Zealand, equal in quality to any that is now im-~ ported, and that the industry once established, the same amount of revenue that is" now raised by the Customs duty on imported Tobacco could be raised by means of stamps on the locally produced Tobacco. " The final report of the Colonial Industries and Tariff Commission, laid before the House of Representatives on the sth September, 1881, on the culture and manufacture of Tobacco, was as follows :, " That in order to encourage the growth' and manufacture of Tobacco in New Zealand, your Committee recommend that the duty on Tobacco grown within the Colony, should be reduced to One Shilling per lb for a period of not less than five years. " In accordance with such recommendation, the following section was inserted into an Act of the year 1881, entitled "An Act to Alter the Duties of Customs and Excise. " :—: — "In lieu of the bonus specified in section 12 of the " Tobacco Act, 1879," the following provisions shall take effect on and after the passing of this Act, namely — The duty on Tobacco manufactured in the Colony shall be One Shilling per Pound, and this rate of duty shall remain in force until the 31st day of December, 1886." The present duty on imported Tobacco is Three Shillings and Sixpence pc lb, and on Cigars, Six Shillings'. It is estimated that about two tons of Tobacco can be obtained from three acres of good land, and numbers of farmers have expressed their willingness to enter into contracts for the growth of Tobacco at prices varying from, fivepence to tenpence per lb for all sound leaf according to quality. The Customs returns for the year ISB2 show that duty was paid in New Zealand, during that year, on 1,080,5751bs of Tobacco, and 88,9721bs of Cigars, or 468 two-third tons of Tobacco, and 39-two-third tons of Cigars ; while the Victorian returns for 1881 show that the quantity of manufactured Tobacco imported into that Colony during the year was 1,309,5391b5, and of manufactured leaf, 369,6571b5. , The market for Tobacco outside the Colonies is almost unlimited, and no difficulty will be found in advantageously disposing of any surplus amount that may be grown over and above what will be required for local consumption. Several manufactories of Tobacco and Cigars have been established in the Colonies of Victoria and New South Wales, but up to the present time no manufactory has been established in New Zealand, and the Company will not have the disadvantage of competing with others. The Company will be able to sell Tobacco and Cigars at a highly remunerative price to themselves for much less than even the present duty on imported Tobacco, so that the mmense advantage of the development of this industry to the public who are smokers cannot be too highly rated. The total number of farmers now contracting is sixty-nine, while the acreage under cultivation exceeds six hundred. It is intended that the Company shall take over the contracts which have been made in anticipation of tne formation of the Company. The Company is offering prices of from fivepence te eightpence per lb for the large varities ; up to tenpence for H avana raw leaf. The Promoters beg to call the attention of intending investors to the fact that they have no intention of buying land, or otherwise expending money, except for furnishing farmers with the necessary quantities of superior seed, and otherwise^puttiug them in the way of producing and harvesting the leaf. The Company are prepared to become purchasers of their crops at a price remunerative both to the grower and the Company as manufacturers. The present enterprise should recommend itself strongly to all New Zealand farmers, merchants, and others interested in the advance and prosperity of the Colony. Apart from the consideration of actual profit to those concerned in the undertaking, great good must indisputably accrue to the colony by the introduction of an industry which will tend to keep in this country the large amount of money which is annually sent abroad for the purchase of the imported article. Forms of Application for Shares may be obtained at the offices of MESSRS FREDK. NUTTER & SON, New Zealand Insurance Buildings. MR JOHN NOTMAN, Broker, Wanganui. THE EQUITABLE INSURANCE ASSOCIATION OF NEW ZEALAND. HEAD OFFICE DUNEDIN. DIRECTORS : E. B. Cargill, Esq., Chairman. J. Hazlett, Esq. J. Hogo, Esq. A. Scoullar, Esq. F. Meenan, Esq Wm. Gregg, Lsq. H. Guthrie, &sq W. C. Kirkcaldy, Manager. ThefCompany is prepared to accept Fire and Marine (! jilnsurance of every Description at the lowest current rates. J. J. CRAWFORD, Chief A^eut, Wangauai JUistriot Offices — St' Hill Stre