“The Press” In 1867

Press, Volume CVI, Issue 31279, 27 January 1967, Page 10

“The Press” In 1867

January 25 Prospectus of the Ross and Hokitika Tramway Company, Limited. . . . This company is being formed for the purpose of laying a Tramway from Ross to Hokitika, for the conveyance of passengers and goods between these and the intermediate places. The projectors of this line have completed nearly a mile of their line from Ross—which is the most difficult and expensive portion of the whole line—and are now in full work delivering building and mining materials in large quantities at that place. They offer to the public this splendid investment, which must, when completed to the

South Spit, stand second to none, as the returns at the lowest calculation will be enormous. From calculations carefully made, the present passenger and goods traffic between Hokitika and Ross is estimated at about seventy-five tons of goods and 400 passengers per week. This, at £5 per ton, will give £375 weekly, and placing the passenger traffic at 10s per head, this will produce £2OO more. This estimate may be fairly placed at the lowest, as the present cost of carriage is £lO per ton, and it may be reasonably anticipated that the growing importance of this district will greatly increase the traffic.