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THE KAITANGATA RAILWAY.

At a meeting of the Kaitangata Coal Company, on Friday, the following resolutions were carried:—

1. That this Company, not being in debt, be voluntarily wound up, without resort to the Court, under the provisions of s ction 112 of tho Mining Companies Act, 1872. , 2. That the whole of the Company's property, real and personal, be transferred by tho Directora to the Kaitanßata Bail nay and Coal Company ( imited), or the transfer to them of SOI shares worth £0 per share, paid up, and 36 fully paid up shares in the lastnamed Company; and that tho Directors arc hereby authorised to execute all necessary deeds and assignments for the purpose of properly vesting such property in the snid Kaitangita Railway and Coal Company (Limited). 3. That, on tho completion of such assignment and transfer, the books and documents belonging to the Company be handed over to the Kaitaugata llailway and Coal Compauy (Limited).

A meeting of the Kaitangata Eailway and Coal Company then took place. The following report from Mr Coyle, Engineer to the Kaitangata Eailway and Coal Company was read and received : —

Dunedin, August (Jth, 1875. The Chairman Kaitangata Railway and Coal Company • (Limited). Sir—l have the honour to > übmit to yon, for the information of the Directors of the Kaitangnta liailway and Coal Company, the following report of the progress of works onthis Railway, and purchase of permanent way material in England :— Fencing.—Two and a half miles complete, and material on ground for two miles. Formation and Drains. Two miles of line is formed, and mnin drains for a similar di-tance. Bridges and Culverts.—A portion of the timber for these works is on the ground, and in the remainder in hard, i . ■ • . ■ ■ Permanent Way.—The whole of the sleepers for the line hay« been purchased, and are on the ground. The order'for rails, switches, crossings, end fish-plates, in oxnet accordance with drawings, >as been placed in the hand; of tho Darlington Iron Company (Limitod), as follows:—401b rail!", 21ft. long, STo 40, at £8 3s Cd per ton ; 401b rails, 24ft. long, No. 2275, at £8 3s CJ per ton ; free on board in the river Tliamrs, net cash ; manufacturers receiving the u«ual latitude of 10 per cent, of raila shorter than minimum rates. Switches and crossings, £18 10s per fet, net cash; fish-plates, lls per cwt., net eaih, same delivery. The spikes, bolts, and nuts arc being supplied by Messrs Bay Use, Jones, and Bayliss, of wolverhampton, manufacturers of best Staffordshire quality, as follows : -42.180 spikes, 18s 8d per cwt.. net cash'; O.'SO bolt*, 19s 3d, ditto ditto : 9>Bo nuts, lOj 3d, ditto ditto, f o.b. in London. The whole of the material was to be shipped on the 18th June ultimo, and by the end of September it may be expected here. Before shipment, all material will be inspected by Mr G. B. Bruce, of Westminster, Inspecting Engineer tothe New Zealand Government, which aff .rds a sufficicnfßuararitee of the, quality of iho material supplied to us. The formation will be complete about the time of the arrival of rails from England, and the line may be opened for traffic by the middle of December. In concluding this report, I would suggest to the directors thenbeefisity of making provision for cmrines and rolling-stock, in view of the line being ready for traffic by the end of tho year. The purchase of the material for this line in England at the prices quoted is eminently favourable to the Company; and Mr Smyth is to be congratulated on the efficient manner in which this transaction has been carried out by him.—l have, &c, J. E. P. Covus, Euglnecr. After ft vote of thanks to the Chairman, the meeting adjourned. We understand that Mr E. P. Kenyon, solicitor to the Company, is now in Wellington to watch the Bill, and has telegraphed that the Bill will probably be passed by the 12th of the month. ■

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ODT18750809.2.15

Bibliographic details

THE KAITANGATA RAILWAY., Otago Daily Times, Issue 4204, 9 August 1875

Word Count
657

THE KAITANGATA RAILWAY. Otago Daily Times, Issue 4204, 9 August 1875

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