Page 4 Advertisements Column 1

West Coast Times, Issue 372, 1 December 1866, Page 4

Companies. PROSPECTUS or the TJOKITIKA AND GREYMOUTH JLI TRAMWAY COMPANY (Limited). Registered under the Joint Stock Companies Act, 1860. Capital — £20,000, divided into 'WOO Shares of £5 each. £1 to be paid on application, and the balance at the rate of LI per month per sharo from daio of allotment. DiBECTOKS — W. Shaw, J. P. Kloin, H. J. Hanseu, J. M'Beth, G. F. Taylor, C. Williams, C. D. A. Friedlein, H. Cornfoot. H. Meyer, D. Lynch, J. Jones. J. C. Kellock. with power to add to their number. Bankers — The Bank of New Zealand. Secretary and Solicitor — 11. E. Campbell. Brokers — Liddell & M'Leod ; T. L. Allan & Co. Offices — Camp Street, Hokitika.

This Company has been formed with the object of laying a line of Tramway from Hols itika to Greymouth for the conveyance of passengers and goods to and from those places and the various intermediate slations.

The Company have much satisfaction in stating that permission^ has been granted to them by the Provincial Government, to take possession of any land •within five (5) chains of high water mark, that may be required for laying their permanent way ; and the construction of the work having already been commenced and proceeded with a considerable distance, there is every probability of the line being completed as far as the Ava.hura, before the end of the 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 tho Waimea. is estimated at 120 tons of goods and 500 passengers each 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 estimated at 500 per week each 'wwar,j r , "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 cpeni d. It might also be fairly anticipated that the goods traffic would increase immousely, inasmuch as the risk now felt in transmitting property from one place to Ilie other ■would be almost entirely avoided, and the costvery much reduced. 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. The Company have ah.'cad}'- entered into a contract for the completion of the line of Tramway to the A.rahura River, and propose issuing one thousand (1000) shares, which, together with a capital already subscribed, will form a sufficient fund to provide all the necessary appliances for rendering both the passenger and goods iraffic in proper working order, and still leave a considerable balance in hand to meet further operations. After the present contract is carried out the Company propose extending the line across theArahura River, and as far as the Waimea, where the next station will be formed.

The Company have been in i-ornniuniea-tion with his Honor the Superintendent of the Province of Canterbury, upon the subject of a government guarantee for pas ment of interest on all capital invested by them in the proposed works, and have received assurances from him of his unqualified support and concurrence and he has promised to bring the subject before his executive so soon as the Company's works are in such a forward sfate 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 office of the Company, Camp street, Hokitika, where prospectuses and forms of applications maybe obtained.

form of application for siiaki:s. To the Directors of tho HokiHka and Greymouth Tramway Company (limited). Gentlemen — I request you to allot me Shares in the Hokitika and Greymouth Tramway Companj r (limited), or any less number, and I hereby agree to accept the number so allotted to me, t*o pay the deposit and calls 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 allotted. I am, Gentlemen, Your obedient servant, Name in full Residence Profession or -Business Date 1866. 5105 TTICTORIA FIRE AND MARINE INSURANCE COMPANY. The Agents tor the above Company are prepared to accept 188 and Maeine Rises. Every intormation to be obtained at Mobison, Law & Co's, 4364 Wharf-street. MARINE INSURANCE. FTIILE Undersigned having been ap- ! oointed Agents in Hokitika for the SOUTHERN INSURANCE COMPANY (LIMITED), . are now prepared to accept Marine Risks coastwise, also to Australian and other Foreign ports. 2501 Royse, Mtjdie & Co.