Page 4 Advertisements Column 6

Waikato Times, Volume XX, Issue 1703, 5 June 1883, Page 4

Notices.

PROSPECTUS OF TVIEW HTKALAND TRON AND QTEbL /COMPANY (LlMMbl).) CAPITA! £200,000. 40,000 SHAKES OF £h KACH. 12X00 SHARKs 1O HE AU.OIED A V PRESENT. \N'D IHE lIALANCK WHEN IlLs VOUNO NISCESSAKY TO EXLVRGIi THE WORKS. The Shares Held in Reserve will be Allotted to the Shareholders at Par, in Proportion to the Number of Shares Held. Dirl'Ctors : CLARK, TAMES McCOSH, Auckland Si'ONE, CAPTAIN JAMES, Auckland MORRIN, THOMA.S, Auckland CHAMBERS, JOHN, Auckland DAWbON, WILLIAM, Wellington HOLDSHIP, GEORGE, Auckland KEEP, J. H., Auckland GAKDNEK, GUY H , New York. SoncnoßS : "WHITAKER, RUSSELL, and HUDDLE, Banki'Rs : BANK OF NEW ZEALAND. Shcrp 1 ah y //<; tern : JAMES MACFARLANE. Thi. Ni'\v Zi'Aland Ikov and Steet. Compwy (Li Mil I'D), is organised to ni.inut.icturelJar and Pig Iron and Wire from the ironsand deposits on the West Coast, by means of the patents owned by Mebsrs John Chambers and G. H. Gardnci. . 'I he practicability of these patents having been fully proved by the works, at present in operation at Onehunga, there remain but tyro points to be considered- uz , the cost of manufacturing and the market for the product. THE COST. In estimating the ciimp.iratnc cost of manufacturing iron here and in England, there arc three items to be considered, viz, labour, coal and raw Hi.iten.il. The raw material is almost a nominal cost to u<-. The coal will cost no more here than in England, (or it is intended to use only gas for all heating purposes in the works, which can be produced by means of gns generators from slack or an\ brown coal at a tar lower cost than the same amount of heat can be obtained from burning coal. Labour is then the only item which will cost more here than in England, and we ha\e to consider what advantage we possess to counterfa ilancc this greater cost. lhei)C ad\antages consist (Ist) in situation, by which we sa\c 10 per cent on the Homo cost which is absorbed in commission, insurance, exchange and interest, and outward freight, as the fi eight from Auckland or Onehunga to different places in the Colony will be no more than the tharges>in England in bringing the iron from the mills by rail and cartage and shipping charges in London ; (2nd) in our process, by whirh we *a\ecost of fettling (or wrought iron scrap), which in puddling from pig has to be put into the- furnace, and the cost of making the pig and the w istc (if the same in puddling. Ihis is a most important item in our favour, and would be aluno sufficient to counterbalance Ihe greater cost ol labom, tor by the patents undii which this (ompaii) will work, the same result is obtained from ironsand as is obtained fiom pig iron, thus saving the expense of making the pig 'lhe difference in cost between pig iron 111 England, suitable for making- good bar iron, and the ironsand at Onehunga being fully 35s per ton in our fa\our. If, then, we take the amount of saving which we have bj our process and situation to counterbalance the greater cost of wages in this Colony, we ha\e :—: — Ist— lo per cent on the Home cost— say £7 ...14s 2nd— Suing in freight 25s drd— basing of fettling Hs 4th— Saving of cost of making the pig ... 35s 3th— ba\ ing of manufacturers' profits ... 7s 84s Ihe total cost of labour in manufacturing pig iron into finished bars in England is under 35s per ton ; so that if the cost ot labour here is even as high ns 00s there rennins a large margin of prolit It is estimated that the total cost of the test finished bar iron at Onehunga will be undergo pel" ton, THE MARKET, The production of ched|) iron opens so largo a field ot tndustiy ih.it \t is impossible to estimate the future of this trade. It is .in undoubted fact that bar iron Ciin be made fiom ii^samj more Clll Al'I.Y THAN PROM ANY OIHIJR OKI!. Ihe supply of raw matenal is unlimited, nnd New Zealand should become one of the largest iron producing countries in the woild. Ihe tinny brani lies of manufacture, of which (heap iron is the prune csscntl.il, will no d'»ubt spring into life now that both lion and co.il ma) be obtained in New Zealand, and with the suppl) so will tl c demand in< lease. lhe amount of 11 on imported into Australasia 1.1 ISS2, was as follows :— Australia. New Zealand Total. Tons. Tons. 1 Jar Iron ... 4J.500 0,250 53 750 Fencing Wire . 40 000 0,500 40,500 Gahaiiiscd Iron 37,0b0 8,000 4") n3O Pig Iron . 24,500 4,000 2S ,')0() Plate lion ... 0,250 1000 10,250 WueXulb ... 0,750 2,750 9 500 Hoop Iron . 3,730 810 4,000 bluet lion . 3,500 OX) 4,100 Ihi'sc figures do not include rasminiaor West Australia. J he pi cent cost of South Staffordshire iron wlmh is utmersally used in these colonies, is £7 10s f. i). b , London, costing deliver) 111 New Zealand about £0 XX, which is one of tho lowest pi ices for many \cars, owing to the depression of the iron industries in Eng land. Auckland iron at £8, f o. b,, would thus keep out the imported iron, and leave a large profit to the manufacturers. It is a'so proposed to manufacture the iron into a few articles which are largely used, such as fen( ing standards, fish-plates, railway spikes, &c , on which a l.trger profit can be made. Fencing standards cost in the South Island about ;£ll per ton, and arc used to the extent of o\cr 3000 tons per annum, and 111 other lines l.ugc quantities cm be sold at bettei profits than can be made on bar iron. Fencing wire being protected b\ a di.iy of per ton, and by a large cost of imppiting, offers .1 pioiitable fiela of industry, and it is proposed to add this line to the products of the ( umpanj as soon ns the abo\c operations .ire .it work Ihe sla.tr from the puddling furn ices, if it contains a sufficiently high percentage of non, will be smelted 111 an onlinan blast lurnnco, and urn into pig ron, thus utilising all the waste pmduits. Swine) ..;ul Melbourne will talc n l.ugu (]ii intity nl non liiim us, as low fiei o 'hts aie cisil) oht.iiiud to thosr loloihc 1 !. It is. expected ih it Now Zeal md 110,1 can be si nt lo England and the United Stiti> at ver\ piiiltt.tblu pin es, as the iron m.ide f.om s.uui 111 the United States bv this pi 01 ess is lound to be o! so supoiu.i aqu ilit) fol making lif.'li pined stci 1 that the whole ot it is censumed by th.it bi inch ct industn, and the price pud would \i<Jd us a I irgc pioht India, Chin 1, |ipm and San DVancisro open fields for exportation, wliuh up in ij shorllj hope to compete 1 tor, as our locat rai is most fi\oui.il)le fur them is a bisii of supplies, and at certain seasons of the) ear freight can be had at a merely nominal rate ; and .1 spi'cd) enlargement of the works, as the requirements of the trade may demand, is provided for in thi 1 26,000 unallotted shares, 'lhcse shaics when allotted, will be offered to the stockholders at par in proportion to the shares held. 1 Ins Company will take over the concessions obtained by Messrs Chambers and Gardner, consisting of 1000 acies of land, and four miles ol foreshore on the North Head and two mi cs of foroshorc on the South Head of M.-in.iknu Harbour, ar d three miles of foreshore at I'aranaki, which will supply all the irons md necessary for itiAiiy je.us to come. No other plat con the West Coast offers such facilities for cheap coal and ready transportation of the finished product as Onehunga, as from its location we can ship from either the E Ist or the West Coasts, and from the Noith Head the sand can be put into bnrges at an\ state of the tide or weather, without going outside the Heads, and brought to our own wharf. These considerations make these concessions particularly valuable, while the lease at Taranaki will be available for the manufacture of chaicoal lion, as a good quality of charcoal can be obtained in tint district at a reasonable price. The New Zealand Go\crnmcnt Ins offerrd a bonus of £1000 for the first 200 tons of wrought iron blooms, and an additional £1000 for the first 200 tons of pig iron manufactured from ironsand, which this Company will secure. Ihe patents owned by Messrs Chambers and Gardner are so essential to the manufacture of iron bv the direct process, that it is impossible to manufacture iron from ironsand in pay ible quantities without them, thus securing to the company a virtual monopoly. Of the first allotment of shares Messrs Chambers and Gaidner will recoivo for their New Zealand patents 8000 shares paid-up to £i, and in future allotments of shares up to 40,000 in all, 25 per cent of such allotments paid up to £i. 9000 shares are at present offered to the public, payable as follows ;— los on application, 10* on allotment, and 20, at intervals of 3, 0, and 9 months, the remaining 20s at an interval of not less than three months after the last call ; but it is not anticipated that it will be necessary to call up more than £4 per share. In view of the many advantages which we possess — a large and constantly growing market at our doois, and separated by so many miles from Its present base of supplies, a practically unlimited supply of ironsand, suitable coal at a low price close to hand, and the cheapness of our working — we have no hesitation in offering the shares of this company as one of the safest and most profitable investments which has ever been before the public.

BOOKBINDING AND ACCOUNT BOOK FACTORY, Victoria-street West, Auckland. C COOPE.R Hereby informs the Waikato public that Ledgers, Cash and Day Books are ruled and bound to order ; Music, Scrap and Fern Books,. Albums, and Portfolios are made, repaired and bound in a superior style at' the above address. HE BILLIARD ROOM and TABLE at the Royal Hotel having lately undergone a thorough overhaul, .and the services of an experienced marker having been objs>in.ed, customers will not fail to frppreoiaie the ohawge, . j