Page 6 Advertisements Column 5

New Zealand Herald, Volume XVIII, Issue 6251, 29 November 1881, Page 6

ProspectßS. THAMES VALLEY AND BOTORUA RAILWAY COMPANT (LIMITED"). NOIUN'AL CAPITAI., i.iO0,(!O0, IS SHAKES Or £1 BACH. ."r.C-tlMOS«l. BjKECTCRi : Hor.. James WaiL-vmson, Cfeurmac. J.L. CampbeU, Esq.,M.D. F. D. Ritli, Esc,. Wm. Crush Dsldy, Esq. E. F. Roche, E«5-l Jas. McCosh Clark, Esq. Thoi. Peacock, E;q. Kobcrt Graliara, E.r,. E. E. W»!ker, Esn. Jimei Dilwonh, Es<;. Wm. Aititn, E«j. George Iklciship, Es",. >'£:a Karuhnra Joseph Howard, E-q. Pttera Puinitua John Wilson, £«;. Uecere Pukuatua Thos. Xlorr.n, Rptthiko Haupapi Win. Inaes Taylor, £f;. W. Maihi Te Rangikahtke C. J. Stono, Esf;. Arekatera Te M'era A. W. I", Halcombe. rtq. Er« rai.T.ci : Back of Xew Zealard. Messrs. Jackson & Russell, Fort -street, AuckUr.d. E>c.:nekk : J. Stewart, E5.... 11. lest. C.E.. late Di«t.-:ci Engineer. I:-tek:x Seckctap.y : j Jits. Sttwan, Em/.. C.E. The proposed rail-v.-.* will "ce i'covit icventy-four Jlamilton - Thamea RiUwar, near the town of Mo>-rinsril!e. From this point it ruts southward through the centre cf the great Tilley of the Upper thirty-fire miles; i: ;he= »r.oua!s to the wooded pla-.eau which tlivi.Us t::e Upper Thames and T»uranga district-; 1:0 m this it des'.-emls, by an easy route, to its -vrinin-as at J:.e town of Ohinemtun, making a fur. .: -iistance of thirty-nine miles. This tion between the dry of Auckland and the Hot Lako district, which is the central poiut of attraction for tourists to Xcw Zealand. Tho cost of »he lize has been e r -.:mated-aft«r exploration—by ,ji Stewart. Esq , lite District Engineer, to be £30! JO per mile for tho first section of thirty-fire miles; of the remainder, twenty-four miles, will cost £Sovo per mile, and the remaining fifteen miles, aboat £<000 per mile ; making a total cost for construction (of the class of the Gorernment railways, and eiclusire of rolling stock) of £209,500. The cost of buildings aii rolling-stock is estimated, at £33,000, inakict- -\ total cost of .£2*7.500. 18 is propos-.-i! 10 cC'Esiruct the Riilwar in two sections ; the firb'. section of thirtr-fight miloe utder the provisions c* " TLe District Railways Act, 1577,' by which, on approval by the Gorernioent, the Colonial revenue is secrrity for interest on the cost of construction and equipment, not exceeding 2 per cent., and the neighbouring land; (rated in proportion to the benefits dorirable from the construction of the line) are liable for interest col exceeding sl furlhc-r 5 per cent., thus ffiring & certain intercut of 7 per cent, on the investment, e> ec I! the line itself only pays working expense!. The majority ol the landholders abutting on this section haTe oxprMHed their willingness that their propane* shall be brought under the operation of "The District Railways Act, and the Amendment Act, IS7S " Kor tie construction of the second sect.'ou, p.«3JH - :;-, as it ;'. =5 through natire District W KaHw»ys Ac'.s."?'Ys O propf-scdto work'if po=* sible, under the " Railwars Construction and Land Act, 1331." By this Acs, jhe Cclctiil Government is empowered to contract with a Ccaipaojr for the construction of this RiilTTiy. arcong ethers, and to gran; such lands ire »Ta;la'ole as an ei-dowment. In thi= cao onlr 2a.C<-3 acres are available, situated in the I'avctere conc-.ry. This would tot be a endowment, wlthcut rating pc.veni, to warrant the construction of t!.:E s-.—.icn cf the Mr.e. bet the natire proprietors lir.v?. i- t-lditioa. arr- ed t-o rive a c-r.r.-area :" if.r.C '0 the It ii i^vj hoped the co2=tr:ti;t:r= •■{ tiis 'trail isction nay bs ThaiAv.ril:a Wf.VkaV;"iiLtr:ctf v thiVthe'"countrv h:ssivwo: rr..:;:.t:-.:; tu-1 ci s\:piiort::i? a lar/e l:Trewin''o!!..':i v.|".:':i'r..-eV..f'f- -2.VcV'.''X-.i a^i';',rr:y'tr.V : .:, u_1 ;:...; riV'rt:4 of-th^'terrhcry i'l.rVe import tr.iraV.Tr.J ve.ir Vy \-e.ir.' as 'settlement :r.- aicr: triic it 'grain, and siMS. l k-!^"^ntiy t c-lUre\srdinary l supplv towiinis .. r. : ;«-,iy tra:i;c wi.ic:: a::-i p.-.-"--r.i: s::k:.. t ;t o: :t;-_•:•.. -.:n:ry affords, ih._-rc and paying business on this line. I: is now generally 1 i'.owi: tint the •.r.t;v::.-.ser-: of the lands known as th 1.-.tetere D:=:ri.: are taking steps towards th immediate co!oi:i;.r.::.n. by comparatively small '.older;, 01 the v.-hcle of the lands they have acquired, •-..:: l::- :":i:r..-.:u:-::c-n cf a i.-.rge jjovalatioa c<l.l no*: fail to b-: verv .lurinf thv Srst years of their Settlement. Aj.ii::. ti:e line in us cenrse to O'.iinematu, -as th'-'lino =5 7o^plst«i-:ofa-- r th™wh^'o! the- LpperThrtiaes ar.u W.ukatouiitricts -*:il undoubtedly draw ti'.cir supplies of timbc: for liL.use fcndr.g, and lu-! ; »r.d last, but certainly not le.ist. the lar.-e ar.J i-ver increasirg streioi of tourists visiting New Ze... ml from ».U parts of the world, :i:ir.u:-.d bv the t>l Oiiinc-niutu and Kotom.th.ma. will c-.-rt.ii-!r ~«:•-r to use this line of railfvav, which will convey ;he;:i t.uily in o:ie short dav fro:n the- city of Aiickl.iEd ;■.. the Hct Springs, by an easy and most route. tL.-,.-= giving to" the line tl.e exceptional :i'iv: v :::-,ge cf a Li.-ge p.issenger trailic ;it n::otf. quite irres; ■.-.-tlvo cf the ordinary passenger it may also be poi) ;-:d out that fo. a .sstance of fully ;•■ r:y ini:-,. t:.,- iinc pr...p.-.-soJ must, »t a fiUu.e and very distant Cite, form pin of the mail: line connecting AuckL-.ntl with -Vipier and WelUngton, through the interior of the island. Regarding the iridic which ntay be expected, a Auc:ii;::id. tfti::.-' :; at on ttese lines there are nianv c: .:::prod-fijtive ccuntrv, and that t'.io valk-ys cf the i'i,.ko, Waitoa. and 'niames are lanrelv settled and stocked (iml t.y the time the line i' 3 i-psn "lay h L-xvrcte-i to te fully so). l...DKing al>o to ti.e l'r.-.;sior.r.l i':r-ctrVs think the coiunarison a fa'ir or.e. Thelate,: r.-.v.rr.s cf the K.lipara-Te Awamutu U.iilwKy show u net revenue of iIP 3 per mile per cent, or ilOC'.iX'O. Estimating -Jie revenue for tho iii-=: .wars worKing it ...nly one-half tint of the Kai--1 :.r.i-V,'.iikato iii.;-. C; j- v r cent, will be obtained. I "1..■•■:::.• i->i:ly :2 : •.-.- c-.r.:. to be ir.-.de upbv tlie District ::.-.t-.'.1!idi:..v..-r:-.:::.:--. c:r.tribu;:on. or a'littie o\er -Ji Per cent, .mil under 1 vn.r cent, respectively. For these and for others too numerous '...' mention, the Provisional Directors feel fully :us:i:Ud in reconimenuing the undertaking to the Public as .1 work r-f national a- well as local importai.ee. As an investment of capital, it will be directly remunerative, and they confidently expect the hearty sup-, rr: cf ti.e people of Auckland, both [ i!ie:li:it..-Iy 0:1 i:s ccr.:rietion, to :tdd. as 1:0 one underi.'.k!ii£ hai .i.idc.l before, to the population, production, and the import and export trade oi tile whole I'rovincial District. The Nominal L'.ip;:.il of t':o Cor.ip.uiv it proposed to belixed at .t-iW.OC".'. in 400,000 s-harcs of £leach The lirst_ issue of Shares tc be 2*0,000. en which it is not intended to call up more than 10s per Share, and i* is anticipated that :.s per Sh.ire will snffice as paid-up capital, for the nrs: section of the Railway, because it forreJ bv the Acts. Cn tiie prosecution of t:'-e second section, it will be a question whether to more S'.icres, or make further calls on those already issued. The payments or. the first issue to be Is on'applleation : and the balan.e bv Calls of Is each, at intervals of not less than two menths.

t.My'. ShortLiart-street. or through authorised agTnts. 70,000 Shares have already been taken by H subscribers, in .iiii,,.:n-.s net less than 1000. As it is aruiciiuted that the whole of the Shares will be r;ii>hlly taken ;;p, e.-.rly application will be necessary, l'riority of application will be a factor in the ailo'tmer.t of shares by :he Directory- application will bt recvived for !>.•== thaa 20 Shares. The following Gemleuien sre Agents 6v.:V.-.,r ! : j.' , ■. receive .uiplicatiorjs for Shares, viz. :— Joseph Newman. Auckland Alex'. Saa:iders, Auckland Chas- Alexander, Auckland Samuel Vickers, Auckland J. Kriar Clarke, Auckland Eobert Frater, Auckland John Mowbrav, Auckland Robert Home,' Auckland J. B. Morpeth, Auckland J. SI. Lenuox, Auckland We Flood. Auckland J. Wickens, Auckland F. G. Eivingtcn, Auckland Kennedy Hill, Hamilton