Page 3 Advertisements Column 7

West Coast Times, Issue 353, 9 November 1866, Page 3

Co upcuiies PROSPECTI S OF THE NELSON COAL MINING COMPANY (Limited), River Grey, West Const. New Zealand. (To be registered under ti>e Limited Liability Act, 24th October, 1860). CAPITAL: L 5 1,000, In Ten Thousand Shares of Ls*%ach, With power to increase by the consent of three-fourths of the shareholders to L 70,000, if necessary. ! Of the nbove number 1450 are allotted to the originators, paid up to Lo each, and 1450 at par. The remaining 7100 are offered to the public at a premium of Ll each, 10s on application and 10s on allotment. Calls not to exceed 10s per share per month. Of the above 7100 shares. 300') are reserved for N\v Zealand, and 4100 for the other coloni. s. L2OOO of the premium accruing from ' the sale of the 7100 shares will *e appropriated towards the construction of the Tram way. Directors— R. P. Mitchell, G. C. Robinson, A. Dewar, C. Gavin Casey, J. Kelsall, K. V. Gribble, J. J. Goller. Secretary — J. T. Morgan. Solicitor— H. Cuthbert. Bankers — Bank South Wales. Brokers — J. Ditchburn, Ballarat ; W. Nixon, Ballarat. Application for shares can be made to the Manager, through the Bauk of New South Wales Prospectuses can be obtained of Messrs Clarke Bros., Gibson'3 Qnay, Hokitika. H. Lucas. Manager. Cobden, September 25. 38(56 4550 PROSPECT US OF THE H OKU IK A A.\D GKEYMOUTH TRAMWAY COMPANY (Limited). Eegi-.tf»red under the Joint Stock Companies Act, 1860. Capital — £20,000, divided into 4000 Shares of £0 each. £1 to be paid on application, and the balance at the rate of Ll per month per share from date of allotment. DIUTXTOKS — W. Shaw. J. P. Klein, H. J. Hansen, J. M-Beih, G. F. Taylor, C. Williams, C. D. A Friedlein, H. "Cornfoot, 11. Meyer, D. Lynch, J. Jones. J. C. Jvcllock". with power to add to their number. •Bamckus — Tiie Bank of New Zealand.. Uanag-kb of Works — J. H. Gib* son. Skckjstauy and Soltcitoe — H. E. Campbell, Esq. Offices — Camp Street, Hokitika. , This Company has been formed with the object of laying a line of Tramway from Hokitika to Grey >«outh ibr the conveyance of passengers and goods to and from those places and the various intermediate stations. The Company have much satisfaction » in stating that permission .ha^ been granted to them by the Provincial Government, to take possession of any land within live (5) chains of high water mark, that niiy be vequired for laying their permanent way ; and the construction of the work having already been commenced and proceeded wi'h a considerable distance, there is evciy probability of the line being completed as far as the Arahura, before the end of tbe present year and throughout within a very short period afterwards. From careful calculations that have been made, the present passenger and goods weekly traffic, between Hokitika and thf Waimea, is estimated at 120 tons of go nls aud 500 passengers e«ich way. From this it is deduced that 120 tons of loading, at L 2 per ton (being half of the present carriage), will give a revenue of L 240 per week. The passenger traffic, which is at present ehtimated at 500 per week each way, would also furnish a considerable revenue, as at 2s 6d each it would realise L 125 weekly, and it might be reasonably anticipated that the number of passengers will at least be trebled soon after the line is cpentd. It might also be . fairly anticipated that the goods traffic would increase immensely, inasmuch as the risk now felt in transmitting property from one place to the other would be almost entirely avoided, and the cost very much reduceA Other sources of revenue will arise from the carriage of mails, parcels, and newspapers, and also the supply of timber, shingle, and other materials that will be required for town improvements. Ti.e Company have already entered into a contract for tiie completion of the line of Tramway to the Arahura River, and propose issuing cne thou->and (10 0) shares, which, together with a capital already subscribed, will form a suincient fund to provide all the necessary appliances for rendering both the passenger and goods traffic in proper working ord' r, and still leave a considerable bal nee in hand to meet further operations. After the present contract is car- [ ried out the Company propose extending the line across the Arahura River, and as I far as the Waimea, where the next station will be formed. 'i he Company have been in communica- | tiou with his Honor tiie Superintendent of Ihe Province of Canterbury, upon the subject of aya v government guarantee for pa ment of iaterest on ail capital invested by them in the proposed works, and have received assurances from him of his unqualified support and concurrence and he h;is promised to bring the subject before his executive so soon as the Company's works are in such a forward state as to justify him in assuming that the public are desirous of forwarding the undertaking. Applications for shares will be received up to the loth instant by the Secretary, at the ofSce of the Company, Camp street, Hokitika, where prospectuses and forms of applications may bo obtained. FORM OF APPLICATION FOR SHAKJ.S. To the Director of the Hokitika and Greymouth Tramway Company (limited;. Gentlemen — 1 request you to al'ot me Shares in the Hokitika and ureyniuuth Tramway Company (limited), or any less number, and 1 hereby agree tv accept the number mj allotted to me, to pay the deposit and falls thereon, and to sign the Articles of Association whenever required, and I authorise you to place my name on the register of members for the Shares so allottedI am, Gentlemen, Your obedient servant, Name in full ; Residence Profession or Business , *.. Date , 1866. 5185