Page 3 Advertisements Column 3

Southland Times, Issue 3154, 22 July 1878, Page 3

Ithe fast increasing trade on Lake vVakatipu. The estimated cost is £5000, and is to be const' uctsd as to insure great speed ■ combined with ample accommodation for (carrying both passengers and freight — supplying an easy and effective mode of transit from the terminus of the Bluff (and ulti- / mately Dunedin) Kingston Kailway to Queenstown and other places on the Lake. The promoters, from reliable and carefullycompiled statistics showing tbe present tonnage and passenger traffic, are satisfied that the proposed stei mer will be a remunerative investment ; and it is confidently expected, with increased facilities for water communication between Kingston and Queenstown, that the large and varied int rests of Lake County, comprising i's agricultural, pastoral and rich mineral resources, will be developed to such a« extent as to add immensely to its material prosperity ; a d thus afford, as a necessary consequence, a further qua antee of tbe unqual tied success tbat awaits the ompany. It is anticipated that the Company will be abl« to adopt a sea c of charges for passengers and freight but sligh ly in excess of tbe railway, plying the steamer to suit the arrival at, and departure of the trains fr m, Kingston making arrangements for through traffic, and thus affording every faci ity to consignees, and doing away with the expense of intermediate agencies. It is deerre 1 desirable that as much of the ca ital as possible bhall be subscribed among the residents of Lake County, and thus secur their individual support, the remainder (if any) of the shares it is expected will be readily taken up in Dunedin and Invercargill — from the latter place a large number (if available) are already bespoken. ' As soon as a reasonable number of shares; are applied ior, a meeting ef shareholders Willi be called with the object of appointing Directors, who will take immediate steps to procure; the required steamer, as at least three or four; months mußt necessarily elapse before it can be p aced on the Lake. Applications -for shares may be left at the. Bank of New Zealand, Dunedin and* In ver car- ! giil, accompanied with the application fee of i ten shillings per share ; or to the undersigned ,' not later than the 21st July next, when the! share list will close//' „, „y „ M'ARDELL & CO., ' ~ Queenstown/ Brokers for the Company, j .Queenstown, June 20, 1876,