Page 3 Advertisements Column 6

West Coast Times, Issue 2325, 9 September 1876, Page 3

Prospectus. PROSPECTUS OF. THE AUSTRALJAN AlfD NfcW ZEALAND STEAM" SHDPPING COMPANY (Limited). Head Om-icb Melbocenb. Capital— £250,000, in 25,000 Shares of £10 each. To be registered under the " Companies Statute, 1364," and the liability of the iSbarehplfjjjerß will be limi- ed to the amoqat of the subscribed shares. It is intended tp call up £100,000 within the next twelve inpnths, payable— £l per share on application, £1 10s on allotment, and the balance by calls not exceeding £2 10s each, but pn not leas thjjn three months' previous npjtice. £50,000 ot the amount to be called up has already been subscribed in Melbourne and New Zealand before the'4ssue" of this Prospectus. ' : - Pbovibiqnal Directors, With power to add to their number (To remain in office for twelve months after the registration of the Company"). JOSEPH CLARKE, Esq.. Melbourne. DAVID SPENCE, Esq., of Messr^Spence Bros, & Co, Melbourne J. H. WHITE, Esq., of Messrs J. H. While & Co, Melbourne H. B. DONALDSON, Esq.. of Messrs H. B. Donaldson & Co, of Melbourne WILLIAM CROSBY, Esq., of Messrs William Croaby & Co, Hobai t Town and Melbourne JAS. M'CULLOCH, Eeq., Queen-street, Melbourne WILLIAM YOUNG, Esq., of Messrs William Young & Co, Melbourne WM. MTHERSON, Esqi," Invercargill, N. Z., of Messrs William M'Pherson and Co. <W. J. M. LARNACH, Esq., Dunedin, N. Z. of Messrs Guthrie and Larnach WALTER TURNBULI, Esq., Wellington, N. Z, of Messrs W. arid G. Turnbull & Co WILLIAM LAIDLEY, Esq., of Messrs William Laidley & Co, Sydney, Bankers. In Melbourne — The Colonial Bank In New Zealand — The Bank of New Zealand Solicitors. Messrs Bennett, Attenborough, and Wilks. Auditors. Messrs John Turnbull and W. G. Sprig. Brokers. Messrs J. B. Were & Son, 80 Collinsstreet West, Melbourne Mr J. li. Bradshaw, Temple Chambers, Dunedin, AND ■Messrs Cornell & Moodie, Princes-street, Dunedin, To whom applications for shares are requested to be made, or to the Agents or the Company, MESSRS GUTHRIE and LARNACH, Dunedin, New Zealand. This Company is projected by gentleme,ri largely interested in the New Zealand trade', under the conviction that' 'the jexisting communication is inadequate for the work. The promoters are convinced that the growing requirements of the trade call urgently for additional steam communication. They confidently believe, and are assured by many of the principal mercantile firms in Melbourne and'itfeyf Zealand, that an important expansion' of the traffic will pertainly follow the ,commej}p.emqnt of the Pompany's operations. ' ' The promoters are already.- in . possession pf particulars arid pricQs obtained from some pf the first shipbuilders in Great Britain, of steamers best suited for' the trade with New Zealand, N,ew Caledonia, ,'the Fiji Islands, &c. Such steamers may be briefly jieseribed as Vessels. o.f large capacity on ?uch-a, draftvol, water ;ai. will pnable them tp take their cargoes^ to and from the wharves, with accommodation for about 20Q first $n.g passengers, and steaming fuuy knots an -|jour, with the latest improved compound gngines for economising fuel"ahd'Bpace. s -'* • - •'."*■• The promoters "h"ave*great coufidence in placing the present enterprise before the public, based on the.m^ark^i.sng^ss of the I large and increasing number oF steamers trading on our coasts," there fceiug now registered a». belonging . to. the port of Melbourne 61 steam vess.e^M aAfdeacr iptions, wli.igh,--haj^. v gr^)in. / .-,wt-,,Bfi fcfa^g earnings of W m«9 r^- W m S m ing to the port in 1853, and the increase «f vessels employed in; We, w- ; Zei|laudi trade .jb perhaps more 'marke(J ihah, a^ny .other... . .... ' It is desired' further to chrect ''attention to the follpwing facts, tend?n» to the. ad - yantage of the project, viz f— The' stimulus fe trade by the establixned telegraphic conipaunication between the two "countries. The greater facilities for development ef the large grain producing interest, manifest m the growing trade of Oaniaru and Timaru, as well as the more southern pa'rta ; of the Middle Island, for which produce Victoria can find a permanent market". The prospect of an early revision of the Victorian Tariff in the interests of trade and commerce. The curative properties of tbe Hot Springs of New Zealand as tending to promote an increase of visitors in quest of health. And the large nurobe. (}f steamers and .passengsr ships fro>u Europe, India, China, and America having their termini in Australian port's, carrying ■ an increasing number of passengers frtr of from New Zealand. All which growing interests will tend to the advantage of the new Company, Following the plan of late adopted i.i England by recently - formed Shipping Companies, it is proposed that the business shall be managed in Melbourne as an Agency, under the control of the Directory, thus avoiding the outlay for a large and costly establishment. Gentlemen have lately visited New Zealand in the interests of the proposed company. They met with si mbst cordial receptipn, received numerous subscriptions and promises of, suppqet a#jpng iunn.y sections of I;he community, in fee,t, $,ew Zealand /^nd, J^elbpnrne interests, arethw? bo extensively enlisted in the^Conjpany, as star.ehpl.dei s and otherwise, .thai the New Line of Steamer" cannot fail to obtain that ample support which' will rende'ftb'e enterprise a success. In conclusion, tbe promoters would invite, iq tending Vhvestorß to make. i promp't v a'j)p!ications for shareSi to-Vnabte jttiem to contract for the building of tbe new ships while the cost of conktrtfetion rulesidw^as at tne present time. - T ';■'•'-> '■''■■ t '' There are no special advantages 1 offered t9 any shareholders, : atid ;! therefo'rt rr \ip' promoters iritefjests to 6e paid;' 'If-'iitV allotment is made, tb^ tlieposit mdhey'will be returned in lull. ■' -• • • :•' r '■' *- ■ - ■"' ' Forms of application and information areobtaipabfe frjom th,e .Company's Brokers,