Page 1 Advertisements Column 2

Wanganui Herald, Volume XXV, Issue 7426, 30 May 1891, Page 1

A BARGAIN. EOR SALE — A 4-roomed flbuae and quarter acre of Land, (ituated in a healthy locality in Campbell-street. The house if occupied by a good tenant, and is a real bargain to anyone requiring a homo Apply Hbbaid Office. I^OR SALE— Five Acres of Land, close if to town, with 4-foomed now House j also villa residence containing 6 roomß, with J-acre of land, in town. Terms if required. Apply to J. Bennie, Malt House, St. Hill-street, Wanganui. npo LET OR FOR SALE— The Premises, -L Victoria Avenue, opposite Catholic Church, at present occupied by A. Martin, Photographer. F. M. Spurdle. Tji O R SALE. Paraekaretu— 4oo acres, 300 in grass, 293 acres, 200 in grass. Momohaki— lßo acres, 40 cleared. 250 acres, 100 in grass. Hunterville — 400 acres, 60 cleared. For full particulars write to PINCHES & CO., Land and General Agents, Oddfellows' 'HaU, Wanganui. _ NOTE.— We charge nothing for advertising Land placed in our hands for sale. PROSPECTUS OF THH tTT7- ANaAIfTTI WISHING 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 2s 6d, per share per month. PROVISIONAL DIRECTORS. Mr J. Whiting Mr J. Murray Mr 3. H. Whiting Mr J. Crane Mr H. Hurley Mr F. Stringer Mr Mills MrJ. Trussell Mr A. Sykea f This Company is being formed for the purpose of placing in theJWanganui Market, and the Districts available, regular 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 operation* <,lb any waters that may be ■within OMs;di»tanco of the Port of Wanganui, - " — The temporary, office of the Company will be situated'obtTaupo Quay, Wanganui, where all information' respecting the Company may be obtained, and applications for shares made. It is -proposed that the Company shall erect and cany on a Freezing works in Wanganui, go that a. regular supply of fresh fish can be kept up at all seasons. It i» estimated that fish to the yaluo of | over £2000 pec annum, at retail prices, can be disposed of in and around Wasganui and the Townships contiguous to it. Tho following are some of the fishes that are available to the Company : — I Flounder Hapuka Herring Schnapper Red Cod Gurnard TravaUi Blue Cod Mackerel Mullet # Soles Whitebait Kawhai The Wanganui Bar, and also the position of the Port of Wanganui, have been a distinct drawback to any fißhing 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 oaught, and (hat there are large quantities in the Wanganui Bight at times, are facts beyond doubt : Bnd 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 fißh 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. 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 freeh fish in gross, £3 daily, per vessel, or a total of £1464 as the results of tho deep sea fishing, and £800 for river fish, which can be caught when the weather is not fit for outside fishing, makiDg a grand total of f1j.764. 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 would be the property of the Company, and should give a fair dividend to the shareholders. The firm of J. Whiting & Co. offer their smack, tho Castlecliff, and plant to the Company for £430 j 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 7J per cent, on the gross sales, 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 £1764 to dispose of in twelve months, the following is a possible way of Belling the Bamc : — Theie is a sure market iv Wanganni and the district round about it, for £27 worth per week, which would supply three hawkers with 80s worth each, per day. This is only a fraction over a halfpenny a- week for each inhabitant, counting 10,000 as within their reach. The effeot of a regular anpply would probably be to increase the demand very much, as intermittent supplies nevor create the demand that regular snpplies do. The outlying districts of Wanganui might be expected to take fist 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 & Cos. 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 sights are available on which to erect the Company's building, at a reasonable rental. The Provisional Directors have also mode full enquiries 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 leBS than £1404 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 Working Expenses, Fisherman's two-thirds, 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 Fishiug 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. WHEN purchasing Schnapps specifj Wolfe's, there are frauds about. IN epit of all imitations Wolfe 1 ! Schcappi stands in the foremost rani of beverages. IT is said that some people have ni conscience, it must be hue or Wolfe' bchnapps could not be imit.ilcJ. npHEY not onlyimitate Wolfe's Schnapp _£_ but copy the advertisements. a OLFE'S Schnapps is imitated, 100 l \\' s for th« same.