Page 1 Advertisements Column 2

Wanganui Herald, Volume XXV, Issue 7427, 1 June 1891, Page 1

A BARGAIN. FOR SALE— A 4-roomed House and quarter acre of Land, eituated in a healthy locality in Campbell-street. The house is occupied by a good tenant, and is a real bargain to anyone requiring a homo. Apply Hbbals Office. FOR SALE— Five Acres of Land, close to town, with 4-foomed new House ; alao villa residence containing 6 rooms, with J-acre of land, in town. Terms if required. Apply to J. Bennie, Malt House, St. Hill-street, Wanganui. rpO LET OR FOR SALE— ThoPremises, A Victoria Avenue, oppoßito Catholic Church, at present occupied by A. Martin, Photographer. F. M. Spurdle. "O 0 R SALE. Paraekaretu— 4oo acres, 300 in grass, 293 acres, 200 in grass. Momohaki — 180 acres, 40 cleared. 2EO acres, 100 in grass. Hunterville — WO acres, GO cleared. For full particulars write to PINCHES &. CO., Land and General Agents, Oddfellowß' Hall, Wanganui. NOTE.— Wo charge nothing for advertising Land placed in our hands for sale. PROSPECTUS OF THE fyANGANUI TTjiISHING COMPANY (Limited). Capital, £2500 in 2EOO Shares at £1 each. Payable as follows :— 2s Gd per share on application, 2s Gd on allotment, and the balance by Calls, not exceeding 2s 6d, per share per month. PROVIBIONAL~DIREOTORS. Mr J. Whiting Mr J. Murray Mr J. H. Whiting Mr J. Crane Mr H. Hurley Mr F. Stringer Mr Millß Mr J, Trussell Mr A. Sykes This Company is being formed for tho purpose of placing in the* Wanganui Market, and the Districts available, rogular supplies of fresh fish. It iB intended that the Company shall work, at the outset, one Bteamboat and one smack, for the purpose of deep soa 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 situated onTaupo 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 carry on a Freezing works in Wanganui, bo that a regular supply of fresh fish can be kept up at all seasons. It is estimated that fish to the valuo of over £2000 per annum, at retail prices, can be disposed of in and around Wanganui and the Townships contiguous to it. The following are some of the fishes that are available to tho Company :—: — Flounder Hapuka Herring Schnapper Red Cod Gurnard Travalli Blue Cod Mackerel Mullet Soles Whitebait Kawhai The Wanganui Bar, and aho the position of the Port of Wanganui, have been a distinct drawbaok to any fishing industry na 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 Bupply by the means now in use. That fish may always be caught, aud that there are large quantities in the Wanganui Bight at times, are factß beyond doubt : and it iB 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, 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 Bailing smack, would average 122 working days in the year, and that the earnings would average, for fresh fish in gross, £6 daily, per vessel, or a total of i 1464 as the results of the deep sea fishing, and £800 for river fish, which can be caught when the weather is not fit for outßide fishing, making a grand total of £1764. The fishermen would work for two-thirds o£ the nett takings (that is, tho 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, the Castlecliff, and plant to the Company for £430 ; 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 selling the same : — There is a sure market in Wanganui and the district round about it, for £27 worth per week, which would supply three hawkers with 30s worth each, per day. This is only a fraction over a halfpenny a week for each inhabitant, counting 10,000 as within thf ir reaoh. The effect of a regular supply would probably be to increase the demand 7ery much, as intermittent supplies nevor create the demand that regular supplies do. The outlying districts of Wanganui might be expected to take Sb? to tho 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 & Cob. Plant and Interest, a small steamer, trawls, and a small Breezing 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. Tho Provisional Directors have also made 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 less 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 aho estimate that after paying all Working Expenses, Fisherman's two-thiids, Interest, and allowing a fair sum for depreciation, the net return to the company will not be les3 than 7 per cent., based upon Lino 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 tne returns. WHEN purchasing Schnapps specify Wolfe's, there are frauds about IN opit of all imitations Wolfe's Schnapps stands in the foremost rank of beverages. IT is said that some people have no conscience, it must 1 r truo or Wolfo'e Schnapps could not bo inn .led. CT^HEY not only imitate Wolfe's Schnappß JL but copy the advertisements. \\ OLFE'S Schnapps is imitated, look V V for the Bauie,