Page 3 Advertisements Column 3

Press, Volume XXI, Issue 2611, 18 December 1873, Page 3

Public Notice PROSPBOTUB OF THB UNION BTBAM SHIP COMPANY OF NEW ZEALAND (LIMITED). To be incorporated with limited liability, under the Joint Stock Companies' Act, 1860. Capital £250,000. In 25,000 Shares of £10 each, with power to increase and issue Debenture Stock. Only £4 per share to be called up at pre* sent, payable as follows:—10s per share on application ; 10s on allotment; 20s in three months after allotment; and the remaining 40s in calls of 10s each succeeding three months. Provisional Directors : B, B. Cargill, Esq. (Messrs Cargiils and M'Lean.) A. C. Strode, Esq, R.M. J. A. Walcott, Esq. (Messrs Bright Brothers and Co.) P. C. Neill, Esq. (Messrs Neill and Co.) W. J. M. Larnach, Esq. (National Bank.) John Richard Jones, Esq, Matanaka. J. M. Ritchie, Esq. (Messrs G. Gray, Busaoll, and Co.) James Millß, Esq. (Harbor Steam Company.) James T. Mackerras, Esq. (Messrs J. T. Mackerras and Co.) T. 8. Graham, Esq. (Messrs Bing, Harris, and Co.) Arthur W. Morris, Esq. (Otago and Southland Investment Company.) James Smith, Esq. (Messrs Smith and Anderson.) Henry Driver, Esq. (Messrs Driver, Stewart, and Co.) Alex. Burt, Esq. (Messrs A. and T. Burt) Charles M'Queen, Esq. (Messrs Kincaid, M'Queen and Co.) H. P. Murray-Aynsley. Esq. (Messrs Miles and Co, Christchurch) George Gould, Bsq, (Merchant, Christohurob) Bankers : National Bank of New Zealand. Solicitors: Messrs Smith and Anderson. Interim Secretary: James Mills, Esq. This Company has been formed for the purpose of providing more efficient steam communication between the different ports of New Zealand —the want of which has been felt for some time paßt, and is becoming more perceptible as the growing trade of the colony is developed. It is proposed to float the shares principally in the provinces of Otago and Canterbury, as the claas of enterprise is one in which they are specially interested, and in which they have not hitherto occupied the position they are entitled to from their large share in the trade of the colony. It is desired to establish a weekly line of steamers between Otago and the principal Northern Ports, to put on a steamer between Dunedin and the West Coast ports of the Middle Island, and also to provide for the efficient conduct of the trade to and from the several smaller ports on the coast of Otago and Canterbury. For these purposes the following new vessels will be required :— Three first-class steamers for the trade between Dunedin and Manukau, to be built in Europe, and capable of carrying from 400 to 500 tonß of cargo, fitted with compound engines and tho latest improvements, and with superior passenger accommodation suited to the requirements of the present day. The Bteamers will be of such a class and speed as will ensure every facility to shippers of goods, and convenience to the travelling public. One boat of smaller capacity and lighter draught of water, especially adapted to tbe trade to the West Coast of the Middle Island. With a view to commencing operations without delay, it bas been arranged to take over, on the Ist January next, the steamers Maori, Beautiful Star, and Samson, belonging to the Harbor Steam Company's fleet, and also their new steamer, jnst built on the Clyde, specially for the Timaru and Lyttelton trade, and which is expected to arrive in tho colony early in February. These vessels will at once create a revenue for the Company, and, it is believed, will be sufficient to carry on the trade of the ports on tbe coasts of Otago and Canterbury. The terms on which it has been agreed to take over the Harbour Company's plant are exceedingly favorable to this Company ; the new boat is to betaken at cost price, and the Maori, Beautiful Star, and Samson, at a price to be arrived at by a valuation of the boats by Mr Walcott on behalf of this Company, Mr Mills on behalf of Harbour Company, with Mr A. W. Morris as third valuator, and to be agreed to by the Provincial Directors, with a bonus added equal to their estimated profits for three months, to be verified by an examination of the Company's books by Messrs Walcott, Cargill, and Morris. This Company will receive an ample equivalent for the bonus so given, in taking possession at once of a well established and profitable business, and securing all the benefits of tbe Harbour Company's connection and experience. Mr James Mills, who bas so successfully conducted the business of the Harbour Company from its commencement, will continue to act as Manager of this Company. It is estimated that to carry out these proposals a capital of £150,000 will be required, and to provide for this it is proposed to call up £4 per share, making a total of £100,000, and to borrow the remaining £50,000 on debentures bearing a low rate of interest. This arrangement will enable larger dividends to* be declared on the paidup capital. Ont of the total number of shares, tho proprieto s of the Harbour Company will take 7500 paid up to the extent of £4 each, and the remaining 17,600 are now offered to investors. In recommending this investment to the public, tbe Provisional Directors may state that large profits are now being made by steamers on tbe coast of New Zealand, and they are therefore confident that by the employment of vessels of the character indicated, fitted to work with the utmost economy! and meet the growing traffic without undue strain, the Company will be able to secure ample profits, and at the same time promote trade and the convenience of the travelling public, by providing improved facilities and accommodation at reduced rates. Applications for shares will be received by the Interim Secretary, at his office, Harbour Chambers, Dunedin; and by Messrs Miles and Co., Hereford street, Ohristchurch. 11-24 9446 NOTICE.— UNION STEAMSHIP COMPANY OF NEW ZEALAND (LIMITED). The Bhare List in Christchurch will CLOSE on TUESDAY, 6th JANUARY. MILKS & CO., 12-18 180 Agents. HEATHCOTE WORKS, WOOLSTON. WOOL SCOURING ORDERS FOB THB ABOVE SENT TO THE OFFICES OF THE UNEEBSIGNED, WILL RECEIVE PROMPT iITBNXWN. WmTwILSOST AND CO. ON VIEW SAMPLES OF WOOL SOOUBED AT 11-6. THB AHOVB WO&K8. 886*