Page 2 Advertisements Column 1

Waikato Times, Volume 87, Issue 13269, 26 August 1916, Page 2

Abridged Prospectus OF The Waikato Shipping Company, Limited Intended to be incorporated under "The Companies Act, 1908," (as a Company limited by Shares) Dated 14th August, 1916, and filed with the Registrar of Companies at Auckland. Nominal Capital - - £15,000 6,000 Shares of £2 10s each, of which 4,186 Shares are now offered to the Public, payable ss. on Application ss. on Allotment and the balance in Calls of not more than 10s. each, made at intervals o£ not less than one month. Directors : {LKS ('lllilS LINDSAY, B. HOKROCKS, JOHN T. JOHNSON, J.F., WILLIAM WILSON, of K; .WIS, ..!' Onehunga, Manufacture] FROST, of Tuakau, Flaxmiller. .I' Wairantra Downs, Wlnuigamarii Bankers : NATIONAL LANK OF NEW ZEALAND. LIMITED, Solicitors : WYNYAIiI), SKKLTON, & WILSON, Wright's Bui For! Street, Auckland. Signstories to the Memorandum of Association are as u ne'er Provisional Secretary : i?i TON HAY, Exchange Lane, i\ H. CULKHROOK, merchant, Auckland. K. T. i-'RUST, I!a\niiller, Tuakau. W.M. UOOiM-'KLLoW, merchant, lliiiniHnr. 1.. I'.. llnHstdCKS, farmer, To Kauwliala. J. T. Jii[[.\soN, J J'., fanner, |>irunnla. \\.\l. WILSON, fanner. Karanm. extending the principal shipping and carrying concerns on me i These businesses are at present carried en, respectively, by Messrs Caesar Reese, Junior, Edward Hallett, and C. C. I-avis. It is proposed to acquire these businesses, with their considerable plants, and to provide capital for increasing and extending same, in order to meet the growing requirements < f the districts served by this river and its tributaries. The Directors ha\e gene carefully into the question of the valuations cf the assets of the businesses proposed to It acquired by the Ccmpany, and have had a special independent valuation made of ail the steamers, launches, beats and punts, by Messrs David Gouk and Sons, Boatbuilders, of Auckland, in substantiation of the owners' valuations. A copy of the report can be inspected at the Office of the Secretary. The Articles of Asscciation, which are en the co-operative principle, provide the nett profits of the Company shall be applied : FIRSTLY, in payment to each shareholder in the Company of a discount, cr lcbate, of => per cent. < n freight en goods paid by him to the Company during the preceding year; SECONDLY, in payment to the shareholders of a dividend" at the'rate of /> per cciitr.m per ar.ni.m en the amount paid up en the shares of the Company, and the balance (if any) shall be applied, at the discretion of the Directors, either in further dividend bonus cr rebates. The Diiectcrs have power to make half-yearly interim payments. The confidence of the vendors in the proposed Ccmpany is evidenced by the fact that out of a total payment of £7510 for their interests they have agreed to take £4535 in Shares, leaving a cash payment of only /- C) T5. The Waikato River, which is situated in the most progressive Province of the Dominion, is navigable for lengthy distances. With its slow-current tributaries, including the Waipa River, and lakes, giving access to vast areas only partly improved and capable of immense development, it forms a natural highway, having advantages possessed by no other river in the Dominion, and the possibilities of rapid expansion are peculiar to its situation and character. The development of these highways m a businesslike manner will not only result in profit to the Company, but increase the prosperity of the districts served. The trade at present carried en by three businesses (which it is proposed to amalgamate and extend) cannot be so economically controlled as by one concern having a large range of vessels capable of coping with all the different classes of traffic available on the river and its tributaries. Strong business connections have already been esfebfished by the three companies, and these will be at once available to the new Company, so that a regular trade will be at once entered on, and it is confidently expected that a return of at least 10 per cent, will be made on the capital invested. The main tributary of the Waikato is the Waipa River, which junctions at Ngaruawahia. This tributary runs through one of the most fertile districts of the Waikato Valley, which is badly served by roads, so that the potentialities of a river service are great. In addition a company has been recently formed for developing the lime industry at Karanm, and a river service will bring this in direct communication ,vith the junction at Ngaruawahia, which will allow of the ready distribution of this valuable fertiliser. In the lower reaches of the Waikato there are several smaller tributaries, the country surrounding which is best reached by water communication, and it will be the object of the Company to develop these routes.

TMtfers. TO BUILDERS. [TENDERS, to close Noon, SATUR- '■ DAY, 2nd SoptouiU'r, tiro nvited I the Erection of Residence tit Walton r Mr W. McLean. Flans, specifications, etc., may be en ut the "Morinsville Star." or at ir office—V A UTIER * ANDERSON, allows N.Z.1.A., Registered Archii, Hamilton. 362 TO BUILDERS. iENDERS will bo .« . - - a.m. on THURSDAY, 31st inst., r Additions to Manager's Residence the Old People's Homo, Hamilton, r the Waikato H. and C.A. Board. Plans and specifications at our Bees. WARREN A BLECHYNDEN, Reg. Architects, jgal Chambers, 17th Aug. 19Ri. : < n ' TENDERS. LENDERS are invited up till 9 a.m. • on THURSDAY, the 14-th Septemr, for tho Erection of the Old People's >me at Hamilton, for the Waikato )spital and Charitable Aid Board, us and specifications on view at our pes. Contractors to deposit £2 2s, d sub-contractors IT Is, on applicant for the plans, and which deposit is ble to forfeiture if plans or specifi•tions are soiled or damaged, or in the ent of contractor not tendering. Dosits returned on opening tenders. loading tenderers should make early arngements for nlnns. WARREN A BLECHYNDEN, Reg. Architects. »gal Chambers, Hamilton, 'Phono No. 224. 3*5 AIKATO HOSPITAL AND CHARITABLE AID BOARD. IWfDBRS will be received nntil • WEDNESDAY, 30th August, for B Supply of the undermentioned »ods: 18 Mattrasses, 24 Kapok Piljs, 24 "Dbex" Chairs, 18 Wardrobes, Combination Chests, W3 Small hies, 6 "Babies, 1 Cupboard. Sketches and specifications may l>e m at the Board's Office, Hood St. W. I. CONRADI, Secretary. /8/16. 290 AWAMFTU POST OFFICEADDITIONS. »MNDERS will be received at this office nntil NOON of TUESDAY, September, 1916, for Alterations Additions to tho Te Awantatu Post rawings, specificatioos, etc., may :'f>en at Post Office, Te Awamvtu, Public Works Offices, Hamilton, :,-ul. or any tender not necoe|,'t ted. Q. T. MURRAY, Acting District Engineer. lie Works Office, bckland, 31st July, 1910. KM i R. D OUGLAS * S™ 8 ' MOTOR, GENERAL. AND CONSULTING ENGINEERS, PORIA STREET, HAMILTON. rarage 'Phone 107. Residence 'Phono 627. tor ■trtttr.—Best prion g»te •tor Bntter.—T.M.B. prone**