Page 8 Advertisements Column 5

Otago Daily Times, Issue 419, 24 April 1863, Page 8

Public Companies. T> S, v a r E C T U S ■ PENINSULA STEAM BOAT COMPANY. (limited). Capital - - - - £1,500, In 300 shares of £5 each. Provisional Committee : James Maoandbkw, Chairman Cai-t. Hbnry Ridley, Portoi.ello 'James S baton, „ CHARLIES I'DWARPS, „ Wii.i.iAii Bacon, ~ J him Christie. Airlie Bank James Lewis, Upper Harbor • Uenky Mosson, Gould's Bank F kan cis Henderson, „ Bankers : Bank op New Zealand. Solicitor: William Johnston, Esq..Princes street, Dunedin The object of tin* Company is to establish regular daily Steam Communication between the feast Harbor Peninsula, Dunedin, and Port Chalmr-rs, with which view it. is proposed to start from Portobello every morning, crossing over to Port Chalmers, recrossing to Portobello, and thence proceeding to Dunedin, calling at such pom s along the Peninsula as may be arranged ; to return from liunedin to Port Chalmers every afieinoon by the samp route. Should the traffic require it, the forego ug trp will be made twice a day. To those residing on the Peninsula, it is unnecessary to say a sinule word as to the desirability of such communication, affording them, as it will do, a daily market for dairy and horticultural produce, while to the inhabitants of Dunedin and Port Chalmers it will secure a daily supply of milk, vegetables, and poultry, such as can be produced from no other district with equal facility. One certain result of such an enterprise as that now proposed, will be to increase the value of property throughout the Peninsula, to an extent of which few have any conception. It is no mere figure of speech to say that even in this Province of beautiful and picturesque localities, there is none—taking it all in all—possessed of such a combination of nature's attractions as the North East Harbor Peninsula. From its thoroughly insulated position, the district has hitherto been, even to most of the old residents in Oia^o, aterraincognita. Sosoonhoweverasitisopened up "6y roads and regular steam there can be little doubt but it will become the favorite locality for residences of the Merchant Princes of Dunedin, as well as of many families possessing independent means, whom the healthiness of the climate is inducing to settle in this Province. For Marine Villa?, and sylvan retreats, the Peninsula, (wooded from the water's edge to the summit, studded with numerous bays, completely shelteied. from the prevailing winds, surrounded moreover by a panorama unsurpassed by anything in New Zealand) may safely be looked forward to as by far the most important and_ extensive Buburb of New Zealand's commercial capital. It is proposed either to build in the Province, or 1o procure from Britain a suitable paddle boat of sufficient power to make the passage with certainty and speed in all weathers, and ofsUch light draught as to go alongside Dunedin Jetty at low tide; furnace to be constructed so as to burn wood. It being desirable that as many as possible of the settlers in the Peninsula shall have an interest in the steamer, the shares have been fixed at a low figure with this view. , It is of course impossible to form an accurate estimate of the value of the proposed undertaking as a pecuniary investment, inasmuch as the traffic is one which must in a great measure be created. The vessel can be worked at not exceeding £100 a month. By burning wood a considerable saving will be effected as compared with coal, while the settlers will have the advantage of supplying tbe fuel. It is believed that the existing traffic will amply suffice to cover the working expenses,, and it may be fairly anticipated that, if properly conducted, the undertaking cannot fail to create a traffic which will yield a handsome return on the outlay, irrespective; of the incidental advantages which will accrue from it.; - r - It is proposed that the affairs of the Company shall be conducted by a Chairman and Committee of seven,to be elected annually by the Shareholders,; all; of whom shall be eligible'for re-Hection.- <:■■'.; ,:'■■.- The Company to be registered in terms, of the Joint Stock Companies Act of the General Assembly, whicn provides for the limited liability.'of shareholders. ■~'. The Company shall be considered as formed so soon as 200 shares are allocated; ;thereafter, a general meeting of the shareholders shall be held for the purpose of electing a committee of, management for the first year, and approving of the Deed, of Settlement. - ' _.--.■ The price of the shares to be paid into the Bank of New Zealand in three separate instalments, as' under, viz.:— - ■ . • ■ ■ .. £1 a share, on allocation , ■ '; £2 a'share, in not less than three months there- .> after • ' . ■ , ■ , The remaining £2 or such portion thereof, as may be required, in not less than six months after allocation. : : Applications for shares to be made in the annexed form, and addressed .under coyer to any of the Members of the Provisional C' mmittee, or to the Company's Solicitor, William Johnston, Esq., Princesstreet, Dunedin. All applications for shares to be sent in on or before the first1 day of May next, on which day the Committee will meet for the purpose of allocating the same. FORM OF APPLICATION FOR SHARES. To the Provisional Committee of the Peninsula Steam Company (limited). I bog to request that you will allot to me Shares in the above-named Company, and I hereby undertake to pay for the same in terms of the prospectus. . . I am, : Gentlemen, Your most obdt, : . Name, Occupation, ■ ...•■.-• Address, ■■■-.• EUROPEAN ASSURANCE, SOCIETY, rri HE ' European Assurance Society .transacts X every description of Life Assurance, pn the most favorable terms to assurers,i^aM..,issues policies of guarantee for fidelity in favor of.'p J ffi,cials in the service of the Government, banks, and public institutions, and commercial firms in Australia, ■ New Zealand. "..'■"■' ■ Offices —99 Collins-street west. Branch offices ; : . Adelaide, Hobart Town, and Launceston.",- . ~ WILLIAM E. STARK, Secretary ". WRIGIIT, ROBERTSON, and CO, - - --■ Agents for Otaero. SIBBALirS NO. 1 OUTFITTING ESTABLISHMENT, Removed to No. 1, Princes-street (Next Mr. J. Hyman, Jeweller). JSIBBALD begs to return his earnest thanks to- . those who so liberally supported him at his late Emporium of Fashion, opposite the Barracks, and beg respectfully to inform them that for the convenience of his numerous patrons, and for the better carrying on* a fast increasing business he has removed: to larger and more centrally situated business premises, at No. 1 Princes-street. J. S. takes the present opportunity oi stating that the old stock having been ENTIRELY, CLEARED OUT has been replaced by a NEW. and SUPERIOR CLASS OF GOODS, imported dlrec from the first Manufacturing Houses in Britain. IN THE CLOTHING AND BESPOKE DEPARTMENT Gentlemen may rely upon the best materials being made up in the best Style. ' Firstclass hands only are kept in the establishment, while the Personal Superintendence being under J. S. wil. ofi'pr a sure guarantee sit the utmost satisfaction will be given. Especial attention is paid to the FIT of all clothes ordered at tha NO. I ESTABLISHMENT. • The READY-MADE DEPARTMENT will comprise the largest. and most varied stock in Dune'din,all articles of wear having been specially selected with reference to this market, and the - particular require*-' ments of all grades ■ and classes of the community.1' In oider to sell at the' lowest fraction of 'prbflt^rtq' 'offer only goods of the most unexceptionable' quality. -, -to retain in stock an immense varietyjor purchaser'to select from, J. S. is compelled to sell onlytfer^l'l'' CASH. So Not For9B? N,uvaißt