08 Oct 1912 - Advertising

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Tue 8 Oct 1912 - Daily Commercial News and Shipping List (Sydney, NSW : 1891 - 1954)
Page 15 - Advertising

Line 0.0.01 0,000 NEW HOMES
Line 0.0.1FOR SYDNEY AND MELBOURNE.
Line 0.0.2Timber Value - £12,757,500. #
Line 0.0.3ABRIDGED PROSPECTUS OF THE
Line 0.0.4Mutual Investment and Provident Co., Ltd.
Line 0.0.5(TO BE INCORPORATED IN NEW SOUTH WALES By VIRTUE OF THE COMPANIES ACT, 1899-1907).
Line 0.0.6CAPITAL - - - £2,500,000, Divided into 2,500,000 Shares of £1 each.
Line 0.0.71,760,000 Shares are offered for Public Subscriptipn, payable as to Two Shillings and Sixpence (2/6) on application, and Two Shillings and Sixpence on
Line 0.0.8„ allotment, balance as required, in calls of Two Shillings and Sixpence (2/6) at intervals of two months. b pence
Line 0.0.9240,000 Shares, fully paid up to £1, shall be paid the Vendor, in part payment of the purchase. J *
Line 0.0.10500,000 Shares are held in reserve for future issue, if necessary.
Line 0.0.112,500,000
Line 0.0.12The Company may proceed to allotment when 75,000 Shares are applied for.
Line 0.0.13No middlemen's commissions are payable.
Line 0.0.14The Company will recognise the usual Broker's allowance to recognised members of the Australasian and New Zealand Stock Exchanges
Line 0.0.15DIRECTORS.
Line 0.0.16C. MAC. McLEOD, Company Manager, Sydney and Melbourne.
Line 0.0.17HENRY JOYCE, Esq., Engineer and Timber Expert, Fern Gully, Faulconbridge, N.S.W.
Line 0.0.18A Third Director will be nominated by Shareholders.
Line 0.0.19Secretary and Temporary Office: J. L. HARCUS, Certificated Accountant,
Line 0.0.20107 Vickery's Chambers, 82 Pitt Street, Sydney,
Line 0.0.21Assistant Secretary: MONTAGUE HARVEY;
Line 0.0.22ARCHITECTS. BANKERS.
Line 0.0.23AUDITORS. Messrs. WOODFORD and GRAHAM, CITY BANK OF SYDNEY
Line 0.0.24To be elected by Shareholders.. Stanway Chambers, Pitt Street, Pitt Street
Line 0.0.25Sydney. Sydney.
Line 0.0.26OBJECTS OF THE COMPANY.
Line 0.0.27The Company is being formed for the purpose of reclaiming timber for the manufacture of houses on a wholesale scale in the metropolitan areas of Melbourne and Sydney and other centres, as opportunity permits, and 4273 acres in New Zealand, and option of purchase over 1,500,000,000 superficial feet of good commercial timber in New Zealand, to acquire 2 acrcs or thereabout at
Line 0.0.28Blackwattle Bay, for erection of factories, timber yard, etc., to manufacture Furniture, Joinery, Cement Blocks, Metal and Fibrous Plaster, Internal Fittings Electrical Energy etc and
Line 0.0.29acquire from time to time Land for investment or otherwise, and as opportunity offers acquire Quarry areas, Lime Depots etc. etc etc., ana
Line 0.0.30The purchase price is £300,000, payable as to £240,000 in fully-paid-up shares, and £00,000 In cash. ' ^
Line 0.0.31,, 14 Is ,d,'licult ,t0 mention the nnmerous opportunities offering in a proposition ' such as the one under review. The 'Svdney Morning Hern 1(1' of the 17th inst in a lending nrHclo nrnc.
Line 0.0.32tically speaking, acknowledges the necessity for an undertaking identical to the Company's. Referring to statements made by a deputation to the Honourable the Premier of \gw Sni?th
Line 0.0.33Wales, the 'Herald' observes that 'We have in past years been content to muddle along until we lind Sydney one of the worst housed cities in the world The demand for lim Snir nc
Line 0.0.34commodation even of the most primitive type, is so much greater than the supply that rents are forced up in obedience to economic law, which affects the bartering of all commodities If
Line 0.0.35tncie were sufficient bouses of a satisfactoyr character for the people to live in, not much would, we think, be heard about high rents. There is undoubtedly an immediate neS for the nro
Line 0.0.36vislon of more house dwelling of all kinds for the people of Sydney, and especially for members of the artisan class. But it is in our view far more important that the Government shnnlrt
Line 0.0.37look ahead and endeavour to prevent the present difficulty being intensified a hundredfold in the coming period.' That the difficulty requires prevention from becoming intensified^ hundred?
Line 0.0.38fold is taken from the fact I presume, that the 'Herald' has knowledge that there are about twelve hundred people arriving from overseas'^ every week ami o?toi' numbS ?
Line 0.0.3920 per cent, hoine-scekers. Melbourne is very much in need of a very great number of cheaper homes, but taking into consideration tlie fact that Sydney houses more people to the acre than
Line 0.0.40Melbourne, Adelaide and Brisbane combined, the opportunity offered to start operation in Sydney immediately is quite evident, and fully justified from the Company's point of view To innlv
Line 0.0.41the same term to the Company as that the Honourable the Treasurer of New South Wales has been gracloiis enough to suggest the Company w title of' Mutunf^n
Line 0.0.42vestment and Provident Company, Limited, have that of 'Public Benefactors.' What is commonlyknown as a ''Residential Flat' in Sy ney cons sts^ of one worn ^ with perhans the oxclusive
Line 0.0.43use to an apology for a kitchen, or the uso of the household kitchen. A 'flat' of this description averages a rental between 15/- and £2 weekly ami it rare°y Occurs that tli'ev ^ St
Line 0.0.44tor any period. It is needless to suggest that the climatic adaptability and cheapness of tlie houses erected by the Company will create a preference lt is not a (luestion of nretoenee
Line 0.0.45It is a case of absolute compulsion. Take, for instance, the new wharf constructed by the Harbour Trust at Woolloomooloo ltav. It may confidently be accepted bv the inhabitants of that
Line 0.0.46quarter as an advance notice to quit their dwellings, to make room for industrial expansion. Then, again, an occurrence at Daceyville, where two houses were completed readv for occupation
Line 0.0.47there happened to be no .fewer than six hundred applicants. The Honourable the Chairman of the Melbourne Trades-liall Council Commission reports that a schedule of rents that had been
Line 0.0.48prepared, showed on the average in the industrial suburbs that rents had increased 24.22 per cent. The endeavour of the Company will 1 be to reduce rental and purchase prices of homes onlv
Line 0.0.49allowing a fair percentage on the capital outlay. The principal objection to wooden houses has its origin from weatherboards, but the class of dwelling the Company 'intends to erect are alto
Line 0.0.50gether different. There will be a patent non-porous Concrete Block used very extensively, which will be almost identical to a solid stone building, and will be like stone in every feat
Line 0.0.51ure, but with more perfect ventilation. Depreciation can be calculated at a percentage in favour of the Company's houses, for this reason, that whereas a brick dwellin' as it Dissent con
Line 0.0.52structed with extreme economy, must depreciate at a very rapid rate, the concrete block houses will remain at prevailing market values. The average life can bo put down at 25 per cent
Line 0.0.53longer than brick. ^ NQN.p0R0US CQNCEETE BLQCKS_
Line 0.0.54those interested I^tLTuuUng 'trade tllf ^ aDd A,nerIea' Wlth SUCh eXC(-'UCUt rCSUltS' haS made
Line 0.0.55One of the principal questions is the cost of building, and here wo have the very best o£ results, being cheaper than brickwork to the extent of about 40 per cent., and under the nre
Line 0.0.56' sent prices of timber, no more than a wooden house, with tho advantages of being dry, cool in summer, and warm in winter, with all the artistic designs of a moulded stone buildin' The
Line 0.0.57face treatments vary very much indeed. The Blocks can be moulded in all the forms to which stone is cut, from dressed stone to quarry faced, and in all their treatments give perfect 'results
Line 0.0.58There can be no question of the lasting qualities of concrete, particularly the concrete to be used by the company, for cement has the wonderful property of never havinc finished set
Line 0.0.59ting and hardening. It lids the further advantage of being practically indestructible by fire, which was proved in the terrible lire at Carbon India
Line 0.0.60The Concrete to be used will be distinct from that which is commonly known. The trouble with Concrete genearllv is that too much sand is used ill preparation which contains a per
Line 0.0.61centage of salt, which perishes the cement, and renders the concrete absorbent, but no sand will be used by the Company, aud the blocks will be absolutely non-absorbent.
Line 0.0.62REPORTS ON TIMBER.
Line 0.0.63Reports made by Wm. E. Ivullam, Esq.. Timber Expert, and John S. Allan, Esq., late Inspector in the Forestry Department of New South Wales, on the Company's Faulconbridge
Line 0.0.64property, are available for inspection at the Temporary Office of the Company. The minimum quantity is approximately 21,000,000 superficial feet of timber. . '. ,???
Line 0.0.65, NEW ZEALAND AREAS.
Line 0.0.66ESTIMATE ON 4273 ACRES. BY MR. BLACK, TIMBER EXPERT.
Line 0.0.67By the purchase of the New Zealand Timber Areas, the Company are able- to produce the equivalent, both as regards price and quality, of all timber mentioned in a trade catalo'ue.
Line 0.0.68The quantity as estimated by Mr. Black, contained in the area of 4273 acres, is S0.000.000 superficial feet.
Line 0.0.691.500.000.000 (ONE BILLION FIVE HUNDRED MILLION SUPERFICIAL FEET OF TIMBER )~ ;
Line 0.0.70It is proposed to purchase a huge undertaking in New Zealand, which is under offer, containing, one billion live hundred million superficial feel: of good commercial timber, valued at
Line 0.0.71approximately £9,375,000. This purchase will keep the Company's plant in full operation for 30 years or more. . .
Line 0.0.72THE QUEENSLAND AREA. '
Line 0.0.73* 5500 ACRES ESTIMATE BY MR. JOYCE, TIMBER EXPERT.
Line 0.0.74? A splendid area of 5500 acres will be handed to. the Company free of cost, which is strongly recommended by the Company's permanent director. This area contains 100,000,000 super
Line 0.0.75ficial feet of good commercial timber.
Line 0.0.76                                                                     TRADE IN TIMBER.
Line 0.0.77Tho trade offering for timber ii\ Australia alone is, to say the least, enormous, and the demand is invariably in excess of the supply. Timber imported into Australia for 1910 (latest
Line 0.0.78available figures) was valued at £1,761,561, and it is quite fair, after allowing for that reclaimed, to say that that enormous total only represents about 50 per cent, of that used.
Line 0.0.79Apart from this extensive market, the Company will be called upon to cope, with ail unlimited demand in New Zealand Totara, of which there is a plentiful supply contained in the Com
Line 0.0.80pany's properties, is very rarely exported, as the demand in New Zealand is so great. Ritnu, Mutai, and White Pine are also in great demand. There would be absolutely no difficulty as
Line 0.0.81regards the disposal at a good profit of all timber cut by the Company. ,
Line 0.0.82FURNITURE. \
Line 0.0.83The Furniture Factory will be the means of utilising all material capable of cutting half an inch square, thus there would not' be a particle of waste. r
Line 0.0.84PROPERTY FROM VENDOR TO THE COMPANY. . ^
Line 0.0.85,                                                                                                                Super Feet of Timber. 
Line 0.0.861,500 Acres of Land, situate at Faulconbridge, containing .............................. -'21,000,000 
Line 0.0.875,500 Acres of Land, situate in- Queensland, containing ................................ 100,000,000
Line 0.0.884,273 Acres of Land, situate in New Zealand, containing ............................... 8O, 000, 000v
Line 0.0.89About 2 Acres of Laud, situate at Blackwattle Bay, for Timber Yard, etc., option of purchasing in New- Zealand' .-.Vi; . 1,500,000,000
Line 0.0.90                                      Acreage 11,275. Quantity of Timber .................. ...... 1,701,000,000
Line 0.0.91Total value of Timber ............................................................................: ... .£12,757,500 0 0
Line 0.0.92Approximate value of Land .......................................................................... ..... 112,750 0 0  .
Line 0.0.93? Total ................................................................................. ... ..... .... .:. .... £12,870,250 0 0
Line 0.0.94It has since been learned by the promoter that a powerful combination known as the Los Angeles Investment Company have to an extent been carrying on business similar and anala- V
Line 0.0.95gous to the Mutual Investment aud Provident Company's proposal. An idea as to flic immensity of this company's operations may be gathered from the' fact that it is the largest Home
Line 0.0.96building combination in the world, and a balance-sheet issued in December. 1911, showed the total resources to be 7,037,410.32 dollars. Of this sum there was a balance due on homes sold
Line 0.0.97on the instalment system, and on mortgages, loans, etc., amounting to 32S, 971.24 dollars. The extraordinary success the Los Angeles Company has achieved is attested to by the fact that
Line 0.0.98it lias been the inspiration of numerous imitators in the field, all working for home-building development along similar lines. Although the promoter of this company had no previous know
Line 0.0.99ledge of any combination such as the Los Angeles Company, it is very gratifying to know of su--'h a success. As this company will manufacture every article necessary and requisite to com
Line 0.0.100plete the most modern home, and considering the scope of this company is greater by far than even file Los Angeles Company, there is no reason why tho profits should not be correspond
Line 0.0.101ingly large, and the company's success far before any other. There is a substantial reason for llU!. conviction that the unparalleled career of progress and prosperity enjoyed by Australia will
Line 0.0.102continue. This venture affords an excellent opportunity to those who desire to further the best interests of the country, by encouraging the highly commendable idea of erecting 'Model
Line 0.0.103Suburbs.' to aid citv development, and for all classes to invest in a thoroughly sound and prudent investment, which is unquestionably assured of very great success. As every essential '
Line 0.0.104required to complete' both furnishing and building the most modern residences for bofli rich an'1 l»|or will be produced from the crude material at an exceptionally small cost, the company will
Line 0.0.105Fix this textbo in a position bv reason of the enormous profits to lie made, to regulate dividends accordingly- There is not the slightest doubt as to whether the company's shares will command a pheno
Line 0.0.106menal market value, which would immediately be justified by the declaration of dividends which we feel confident will aggregate anything over 10 per cent, on the company's subscribed capi
Line 0.0.107tal. The question has been raised as to the advisability of combining so many different trade*- taking into consideration that tho intention is to deal on a wholesale basis, this question
Line 0.0.108does not apply. There are several reasons why tlie combination is absoutoly esential to success and ouo particular instance justifies ino in combining that which I have. To build these
Line 0.0.109homes at such a rapid rate it is necessary that a largo number of workmen should be employed- ,'ud should reliance be placed on brick and timber merchants for prompt delivery of goods
Line 0.0.110the whole organisation would be promptly crippled. Under the system to be introduced, there will be no necessity for one workman to overlap another, also will the necessity for skilled
Line 0.0.111labour be brought to a minimum. All material will be on the scene of operations in advance of (he workmen, and the whole will bo organised as a piece of machinery with all methods con
Line 0.0.112ducive to effectual and economic working. Thoiufluenee directing the promoter to combine all branches is primarily to cater for all classes of the community. The immense opportunities
Line 0.0.113offered tho combination, which necessarily means cheap production, are very evident. In the first, it removes the middleman or commission agent, thus effecting a saving of anything be
Line 0.0.114tween 10 and 100 per cent.; then, there would not be a particle of waste, as the furniture factory would absorb every piece of timber capable of cutting half an inch square. Tho manufact
Line 0.0.115ure of all- internal fittings will considerably save money. The timber trade will lie catered for -'-t reasonable rates, furniture will bo supplied at a very low rate, and homos will be manufac
Line 0.0.116tured from our own workshops by thousands. Daceyville, it is believed, will cost £500,000 for the erection of some S00 houses, but, under this system of Model Suburb making, there will be
Line 0.0.117about six Dacey villus in much less time; 5000 or more homes will bo erected in Sydney immediately. Tlie whole proposal may be easily arrived at from the following: —
Line 0.0.1181. To reclaim timber from the virgin forest for tho Manufacture of Homes.
Line 0.0.1192. Manufacture Concrete Blocks of the latest type. ?
Line 0.0.120' 3. Recovery and preparation of Lime and Cement.
Line 0.0.1215 Ouarrv 'areas, and prepare stone for manufacture of non-porous Concrete. . ' : ^ .
Line 0.0.122(i; Manufacture Mantels. Joinery, Furniture, Fittings, Fibrous Plaster, Metal Stamping. a'd anything connected with tho building of Homes. ? ?
Line 0.0.123, To eater for the Timber Trade. , . ;-j
Line 0.0.124' 8. Land for Investment or otherwise. ?
Line 0.0.125To manufacture Homes by the tliousand and nuuuifacturo every ? article^ nm-ssm'y^|rom f^ntoUmis^terTOof.
Line 0.0.126; Holders of £10 worth or more, shares in the Company will have preference to tho Company's Villa l^sideiices, and ho entitled to' a concession which will' bring -tho deposit equal to 5 ?
Line 0.0.127per; cent, of the purchase. ' CONTRACTS.
Line 0.0.128The only contract affecting the Company i« one dated 23rd day of September, 1912. between Mcl.eod, of the one part, and J'. L. Harcus, Accountant, as Trustee for the Company, of- 1
Line 0.0.129' the other part. -»T , ' .
Line 0.0.130' The Registered Office of tho Company will bo in Sydney, New South Wales. ? '
Line 0.0.131Tlie Company will pay costs of flotations, but there are no middlemen's commissions payable.
Line 0.0.132/The' Vcnod'rs^'a^ree'1to^-ro win tlie nnmagement and at least 25 per cent, of their fully -paid-up shares for a period of at least 10 years. No dividend is payable for the first year on the ,
Line 0.0.133' Vendors' shares unless a dividend of 5 per cent, or more is declared on the Poa SHARES.
Line 0.0.134\nnlieations for Shares should be made on tho form arcompanying this prospectus, and sent -to tlie Company's Offices or Bankers, together with a remittance of the amount of the deposit.
Line 0.0.135Should this issue be over-subscribed, allotment will be made on a pro rata basis, and where the number of shares allotted is less than the number applied for, the balance of the de
Line 0.0.136posit will bo credited towards the remaining payments '
Line 0.0.137\pplications for £10 worth or more shares will receive consideration. v - -
Line 0.0.138Tho Directors reserve the right to reject any application. -
Line 0.0.139Failure to pay anv future instalment on shares allotted when due will render previous payments liable to forfeiture.

Line 1.0.0FORM OF APPLICATION FOR SHARES.
Line 1.0.1- MUTUAL INVESTMENT AND PROVIDENT COMPANY, LIMITED. / . '
Line 1.0.2? , Payable: 2/6 on application, 2/6 on allotment, balance in calls of 2/6, at intervals of two months. '
Line 1.0.3                                     MUTUAL INVESTMENT AN'l) PROVIDENT COMPANY, LIMITED.
Line 1.0.4I herewith enclose tho sum of £...... being deposit of two shillings and sixpence per share on ? shares in the - Company, and I request you to allot mo that number bt
Line 1.0.5shares upon the terms of the Company's prospectus: and I hereby agree to accept the same or any smalled number that may be allotted tome, and to pay the balance ' of seventeen shil- ? -
Line 1.0.6lings anil sixpence per sliare, as ? provided by tlie said prospectus, and I authorise you to register me as the holder of the said share or shares. -:?
Line 1.0.7- DATED THIS ...... ....day of ....................... 1912. ' '
Line 1.0.8' NAME IN FULL ........................................................
Line 1.0.9k (State Mr., Mrs., or Miss.) . 
Line 1.0.10ADDRESS ............................................... '
Line 1.0.11' OCCUPATION ................................
Line 1.0.12USUAL SIGNATURE ..........................................
Line 1.0.13\ ' . '

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2 years agojohnfox Rollback this correction (Will remove THIS correction, AND every correction above)	The Company is being formed for the purpose of reclaiming timber for the manufacture of houses on a wholesale scale in the metropolitan areas of Melbourne and Sydney and other centres, as opportunity permits, and Ri„2££enmanck anV a«CS In New Zealand, nnd option of purchase over 1,500,000,000 superficial feet of Kood commercial timber in New Zealand, to acquire 2 acrcs or thereabout at Blackwattle Bay, for erection of factories, timber yard, etc., to manufacture Furniture, Joinery, Cement Blocks, Metal and Fibrous Plaster, Internal Fittings Electrical Eriercv etc and acquire from time to time Land for investment or otherwise, and as opportunity offers acquire Quarry areas, Lime Depots etc. etc ? etc., ana	The Company is being formed for the purpose of reclaiming timber for the manufacture of houses on a wholesale scale in the metropolitan areas of Melbourne and Sydney and other centres, as opportunity permits, and 4273 acres in New Zealand, and option of purchase over 1,500,000,000 superficial feet of good commercial timber in New Zealand, to acquire 2 acrcs or thereabout at Blackwattle Bay, for erection of factories, timber yard, etc., to manufacture Furniture, Joinery, Cement Blocks, Metal and Fibrous Plaster, Internal Fittings Electrical Energy etc and acquire from time to time Land for investment or otherwise, and as opportunity offers acquire Quarry areas, Lime Depots etc. etc etc., ana
2 years agojohnfox Rollback this correction (Will remove THIS correction, AND every correction above)	The Company is being formed for the purpose of reclaiming timber for the manufacture of houses on a wholesale scale in the metropolitan areas of Melbourne and Sydney and other centres, Ri„2££enmanck anV a«CS In New Zealand, nnd option of purchase over 1,500,000,000 superficial feet of Kood commercial timber in New Zealand, to acquire 2 acrcs or thereabout at	The Company is being formed for the purpose of reclaiming timber for the manufacture of houses on a wholesale scale in the metropolitan areas of Melbourne and Sydney and other centres, as opportunity permits, and Ri„2££enmanck anV a«CS In New Zealand, nnd option of purchase over 1,500,000,000 superficial feet of Kood commercial timber in New Zealand, to acquire 2 acrcs or thereabout at
2 years agojohnfox Rollback this correction (Will remove THIS correction, AND every correction above)	This data has not been loaded from the server yet
2 years agojohnfox Rollback this correction (Will remove THIS correction, AND every correction above)	This data has not been loaded from the server yet
2 years agojohnfox Rollback this correction (Will remove THIS correction, AND every correction above)	This data has not been loaded from the server yet
2 years agojohnfox Rollback this correction (Will remove THIS correction, AND every correction above)	This data has not been loaded from the server yet

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Daily Commercial News and Shipping List (Sydney, NSW : 1891 - 1954)(64)

1912

Daily Commercial New... : 08 October 1912(20)

Page 15(8)

CHARTERS FOR THE WEEK.

REPAIRS AND DOCKINGS.

NEW ZEALAND LETTER.

MARINE CASUALTIES.

Shipping Review Movements are made up to Saturday Morning. Any later news will be found in the columns of the Daily Paper. P. & O. LINE. (Continued)

AYRSHIRE LEAVES LIVERPOOL.

HAMM LEAVES EAST LONDON.

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