Page 7 Advertisements Column 4

Lyttelton Times, Volume XVII, Issue 962, 29 January 1862, Page 7

PROSPECTUS OF THE VICTORY SCREW STEAM SHIP COMPANY, FOX PUBCHASING, GETTING OJFF, AND BEFITTING THE BCB.KW STEAM SHIP VICTOBY. CAPITAL—£7,OOO, in li4oo~Sh^es of £5 each. £2 payable upoa allotment, and the remainder in calls not exceeding £1 each, extending over a period ol' Pour Months. _ . ~ £ s. d. It is estimated that the coat of putting the ship afloat will be...2000 0 0 Amount payable to present pro- ■ prieto'rs in cash for purchase of Vessel 1500 0 0 Ditto by Bills for ditto 1500 0 0 Fitting out and contingencies 2000 0 0 7000 0 0 IT is proposed to form the above Company for the purpose of taking the steam ship Victory off the beach, and re-fitting her for sea. The Victory is a screw steamer of 1000 tons gross register, and fitted with engines'of 180 horse power. She is known as one of the strongest and fastest vessels in Australia. She now lies on the beach at high water mark, and on sand, there being no rocks or dangers in the way of taking her off. She is not strained or injured in any way. Her engines are in perfect working order; and,-if she were got off, which Mr. James Scott (the Engineer) states may be easily accomplished at moderate expense, she might be fitted for sea at short notice, and at a trifling outlay. Mr. James Scott, of Newcastle (N.5.W.,) proprietor of the patent slip there, and well known for his ingenious and successful accomplishment of similar undertakings, proposes to lilt the ship and convey her into deep water by means of a hydraulic apparatus (now in use 'in England,) for which he possesses a patent. Mr. Scott estimates the expense of taking the ship off at £2000. The Victory was valued, at the time she was run ashore, at from £25,000 to £30,000; and, in the opinion of competent judges, would be worth the same sum if successfully got afloat again and refitted for sea. The hull of the Victory was purchased by her present proprietors, who offer to hand her over to the Company upon the,following terms: —£1500 to be paid down on giving possession, and £1500 in bills. It will be for the shareholders to determine whether the Company shall sell the vessel and realise their profit, or make arrangements to run her. The rapid increase of the New Zealand trade has given greatly increased employment to the colonial steamers; and, owing to the recent loss of several such vessels, are at the present time greatly in demand and enhanced in value. The Victory is well known as a vessel eminently suited, from her size and speed, for the Inter-colonial trade, in which she might be employed with great advantage to the province, and large direct profit to the proprietors. - One half of the shares have already been taken up, and on a sufficient number being allotted, a meeting of shareholders will be called for the purpose of properly organising the Company. In the meantime applications for shares may be made at the office of Messes. R. B. MARTIN & CO., Dunedin; or E. A. HARGREAVES, ESQ., Lyttelton. Dunedin, Jan. 15, 1862. 585 BANK OF NEW ZEALAND; INCOBPOBATED BY ACT OF THE GENEBAL ASSEMBLY. CAPITAL—£SOO,OOO. HEAD OFFICE : AUCKLAND, DIBECTOBS. James Williamson, Esq., President John Logan Campbell, Esq. • The Hon. Thomas Henderson, M.G.A. James O'Neill, Esq., M.G.A. George B. Owen, Esq. Thomas Russell, Esq., M.G.A. Charles J. Taylor, Esq., M.G.A. AUDITOES. Samuel Browning, Esq. William C. Daldy, Esq. Genebal Manages and Inspectob. Alexander Kennedy, Esq. AGENCIES: THE UNITED KINGDOM. The Oriental Bank Corporation in London, and their various Agencies in England, Ireland, and Scotland. VICTORIA. The Oriental Bank Corporation at Melbourne, and their various branches in Victoria. NEW SOUTH WALES. The Oriental Bank Corporation at Srdney, and their various branches in New South Wales. INDIA AND CHINA. The various branches and Agencies of the Oriental Bank Corporation at Bombay Calcutta Madras Ceylon Hongkong Shanghai Singapore Mauritius, &c, THE Bank of New Zealand offers great facilities to the Mercantile and general community for exchange operations by its arrangements with the Oriental Bank Corporation, for transactions with their wide spread and numerous Branches and Agencies before enumerated. Drafts and Letters of Credit are issued by the Bank on the most favourable terms, payable at any of the places before mentioned. Bills payable in the Colonies, Great Britain, India, or China, purchased or sent for collection. Government Debentures or other securities received for safe custody, and the Interest due thereon, as also Dividends on Stock, whether payable in the Colonies or England, and Local Bills collected for customers without charge. Current Accounts may be opened with the Bank, and every facility will be afforded to Settlers, Traders, and others, for the transaction of business. Deposit Receipts will be issued for sums deposited for fixed periods, bearing Interest at rates to be - learned on application at the Bank. Approved Bills discounted, Bills of Exchange purchased, and advances made upon Bills of Lading accompanied by Policies of Insurance of Goods shipped from or to any port in the Colonies or Great Britain. Agency Business.—The Agency of other Banks undertaken on favourable terms, and investments in British or Colonial securities effected for the constituents of the Bank. Rates of Interest, Discount and Exchange, and general terms of business, may be ascertained upon application at the Banking Office, Queen Street, Auckland. By order of the Board of Directors, A. KENNEDY, \ 584 General Manager and Inspector.