Page 4 Advertisements Column 4

Waikato Times, Volume XXI, Issue 1786, 15 December 1883, Page 4

Notices.

\[IJEAT) pFi'IpETAND FyJcSOKy, .AlTCI^LAy^^ 1) R O S P E* C T U S . , „ OF THK . N JS Wi M&I, AND f TG*BACCO GROWING AND MANUFACTURING COMPANY - " x (LIMIThD). ' Registered; under "The Joint Stock Companies Act, ISS2." CAPITAL ...' £20,000 IN 4000 SHARES OF £5 EACH, Payable as follows : 5s per Share on Application, os per Share on Allotn.uit, and the balance ns may be inquired in sums uot exceeding 10s per Share at intervals of not less than '1 hree Months.

Provisional Directors : John Ballanch, Esq., Wangatmi Majou Ghonwrc, Gentleman, Auckland Seyjiouk Tju>rxe Geokue, Esq., M.H.R., Auckland Aiitiiuu Heatiikr, Esq., Merchant, Auckland Hon. E. Mitohelson, M.H.R. Auckland I). H. Mckexzie, Esq, Merchant, Auckland Fbanz Schekfi', Esq., Merchant, Aucklund C. B. (Stone, Esq., Merchant, Auckland W. R. Waduel, E=q., Mayor Elect, Auckland Bankers : Bank ok Nkw Zealaxo. Solicitor : WIIITAKKB, RIJStJELL, ASU BUDDLK. Broker : BIiOKKRS' AhSOC'I VTION'. Hecrutaiy Iro Tciti. Fkkuk. Nuttek.

This Company is being foi meil for the purpose of encouraging the Growth of, and for Mauufaetuiing, Tobacco in the Colony of New Zealinil. Various experiment have proved th.it the climate of New Zealand is peculiarly adapted to the growth of Tobacco, and tliat in the Auckland Provincial District the best Havana leaf can b« grown, all that is required to start a most important am! rsmimciative locul industry is a rufftdunt iiiiiouut of capital. This Colonial Industries Commission mnde the following report 011 the {•>[[] day of Mm eh, 1880: ~ AQKICULTURAt PRODUCTS.TOBACCO. 11 Tim mHSt important ayiicultnral indilstiy Which has been bi ought nudci tliu notiL-c of the Cbmtnissinh is undoubtedly the cultivation of Tobacco foi Ilianufa'Jfcuriiig purposes. The evidence ohtalili-hed the fuct that any quantity oi Tobacco, equal in quality to tlie fines,! American, can be giown in New Zealand, and that theie is no leason why tin whole of tlio Tobacco consumed in tin Colony should not ultimately be pio duccd and manufaccuied in it. The in du-.tiy would alloid profitable employment to cottage fanneiK, al.->o to womei ami childienwho would be engaged in nianuf.ictuiing, and would utilize laigi tracts of land, which at prebent nit either waste or yielding but little, &o. "The Commission aic assincd thai after live or so'x years' cultivation am ln.inufactiue, Tobacco could bepioduccr in New Zealand, erjual in quality to iinj that is now impoited, and that the in diibtiy once established, the sameaniouul of icxenue that is now laised by tin Customs duty on imported Tobacco couh be uiised by means of stamps on tlu locally- product d Tobacco." The final repot t ot the Colonial Indus tiies and Tariff Commission, laid before t)ie House oi lieprcscntdtivcs on the <")th of September, 1881, on the cultuiu and manutactuie of Tobacco, was as foi lows :—: — "That in order to cncouia^e the growth and manutaeUue of Tobacco in Nuw Zealand, your Committee lecommend that the duty on Tobacco giown within the colony should be i educed to One Shilling per lb. for a peiiod of not Itss than h"\e }eai&." In accoi dance with such recommendation, the following section was insei ted into an Act of the year 1881, entitled " An Act to filter the Duties of Customs and Excite' 1 : — " In lieu of the bonus specified in section l'J of the Tobacco Act, 187!),' the following [iio\ioions bhall take effect on and aftei the passing of this act, namely : — The duty on Tobacco manufactured in the Colony shall bo One Shilling per Pjuikl, and this rate of duty shall remain in foice until the 3lst day of December, ISSG." The piesent duty on importel Tobacco is Three Shillings and (Sixpence per lb., and on Cigars, !Si\ Shillings. It is estimated that about two tons of Tobacco can be obtained from three acres of good land, and numbers of farmers bate expressed their willingness to entei into contracts for the growth of Tobicco at pi ices varying fiom h'vepence to tenpence pi r pound for all sound leaf according to quality. The Custom returns for the year 1882 show that duty wa3 paid in New Zealand, during that year, on l,oSo,r>7">lb«. of Tobacco, and 85,9721h5. of Cigais, or 4SG.i tons ot Tobacco, and 39 j tons of Cigais; while the Victoiian leturns foi 1881 show that the quantity of manufactured Tobacco imported into that colony during the year was 1,309,53911>5., and of uiiiunuuiactnicd leaf, 3(39,G.')71b5. '1 be maiKet foi Tobacco outside thr* Colonies is almost unlimited, and no difhvulty will be found in advantageously disposing of any surplus amount that may be grown o\ er and above what will bo rcquiied foi local consumption. (Se\ eial manufactorifs of Tobacco and Cigais have been established in the Colonies of Yiotoi ia and New South Wale*, 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 other?. _ l The Company will be able to sell Tobacco and Cigars at a highly remunerate ept ice to themselves for much less than even the present duty on imported Tobacco, so that the immense advantage of the development of this industry to the jubhc who are smokers cannot be too highly rated. The total number of farmers now contracting is sixty-nine, while the acreage under cultivation exceeds s>ix handled. It is intended that the Company shall take over the contracts which have been iiiado in antipatiou of the formationof the Company. ' . < . i The Company is offering prices of from fivepence to pightpenee per lb for the large vaiieties ; up to tenpeuce for Havana, raw leaf. The Promoters beg to call the attention of intending investors to the fact that they lia,\ c no intention of buying > laud, or othei wise expending /money, except in furnishing farmers with the necessary quantities of. su pei ior beeels, and othei - wise putting them in the way of harve&ting and drying the leaf. The Company - are prepared to become pin chasers of their crops, at' a price remunerative both to tlio 'growers and "to the"' Company at >• • < ■ {'•'>' i Tlie present enterprise ■ should .recom-' mend to, all ,2jTew 'Zealand'fariners, inercliants,' and other! interested in the advance jand prosperity of'" the ;cbfony:'' | Apa^tffroW'the 'consideration of • actual profit to those concerned iv ;! the undertaking, gr"eat£ gbdd'i must (indisputably accrue to the-colony bytheintrodiie-' tionb£an> fndi.§titys^;vvhicb \ \vill; tend jto 1 iljeepiin'thiatcpiint'ry/isthe large^ambjuit :of ' 4noneyj\v,hiohtia!afihualLyrsei,ut abroadf tot! t}ie,pu^ch^e,,of-,thy i i»npp,fted 4 avti6^ 1 < \