Page 10 Advertisements Column 2

Bruce Herald, Volume III, Issue 76, 21 September 1865, Page 10

PROSPECTUSpROSPECIU S or THE SOUTHERN STEAM NAVIGATION COMPANY [LIMITED]. CAPITAL, £15000 IN 300 Shares of £50 EACHLimited Liability according to the Joint Stock Companies Act, 1800. Deposit, £10 per Share ; First Call, £20 per Share ; no further Call will be made without one Month's Notice. PROVISIONAL DIRECTORS : (With power to add to their number ) John Jones, Esq. G. G. Russell, Esq. Henry Driver, Esq. 11. 13. Martin, Esq. it. M. Robertson, Esq. J. Ewen, Esq. J. Bathgatc, Esq. J- Barr, Esq., Molyneux. VV. Telford, Esq., Molyneux. J. Ashcroft, Esq., Oauiarn. 11. France, Esq., Oamavu. J. HassclJ, Esq., Oc.maru. 11. J. Le Cren, Esq., Timaru. backers : THE BANK OF OTAGO, LIMITED. SOLICITOR : B. C. IIAGGITT. A Company is proposed to be formed under the above designation, with Limited Liability, for the purpose of affording in ere ised facility of communication between Dunedin and the various ports north and south of it. It is believed, that a well organised Steam Service, devoted to that object, would not only prove highly remunerative as an investment of capital, but would also be extremely beneficial both to the interests of the Settlers in the country and the Mercantile community in town. A large quantity of produce is at the present time lying at the Molyneux for disposal, but is quite unsaleable in consequence of the want of water carriage. During the ensuing Wool Season, both Oamaru and Timaru will require additional means of trausport, as it is believed that Captains of British ships would prefer remaining at Port Chalmers, to lying at anchor in the open roadstead of either of these places, if they could be secure of having their cargoes brought to them at moderate rates of freight. In addition to the foregoing reasons for expecting profitable and constant employment, in the trips from the outlying ports to Dunedin, the large quantity of merchandise exported from thence to the country districts, is equally calculated to insure cargo in remunerative quantities on the outward trips. It is proposed that the capital of the Company should be £15,000, divided into 300 shares of £50 each ; that a suitable Steamer should be procured from Australia or Great Britain, and that in the meantime an offer which has been made to the projectors of a Steam Vessel now in the Colonj', and adapted for the purposes of the Company, should be accepted, so as to enable the Company to commence operations at once, As soon as a sufficient number oi Shares is S tbscribed tor, a Meeting will be called, Dir ectors appointed, and other details arranged.