Page 4 Advertisements Column 2

New Zealand Tablet, Volume II, Issue 75, 3 October 1874, Page 4

PROSPECTUS OB THE DUNKDIN, PENINSULA, AIND OCEAN BEACH RAILWAT COMPANY (LIMIIED). WAZ CAPITAL ... ... ... £60,000, With power to increase. In 12,000 shares of £15 each. Ss payable on application, 5i on allotment, and such portion of the balance as may be required by calls of 10s at the works proceed, but not at shorter intervals than three months. • . • (Power will also be taken, under the Articles of Association, to borroir oh the security of the Works a portion of the necessary f uu d« should the shareholders consider it better to do io than call un capital.) ' . * Peovisionaii Commutes: Mr William Bacon, Peninsula Professor Block, Anderson's Bay Mr E. B. Cargill, Dunedin Mr James Christie, Peninsula Mr G. W. Elliot, Duhedin $ Mr Kanieri Ellison, Peninsula Hon. Captain Fraser, M.L.C., Dunedin Mr Win. Hooper, Peninsula Hon. Mathew Holmes, M.L.C., Andersen's Bay Mr W. J. M. Larnach, Peninsula Professor M'Gregor, Anderson's Bay Mr Jnrnes M'lndoe, Forbury Mr D. Proudfoot, lhinedin Mr Thomas Reynolds, Peninsula Mr George Robertson, Peninsula Mr Robert Itainbird, Peninsula Mr R. M. Bobertson, Anderson's Bay Mr James Smith, Anderson's Bay Mr James Seatoii, Peninsula Mr W. A. Tolmie, M.H.R., Anderson's Bay Hori Kerei Taiaroa, M.H.R., Peninsula Mr George Wilson, Dunedin. Baukehs : Bank of New Zealand. Solicitous : Smith and Andersen. It is proposed to construct a Railway from Dunedin to the Ocean Beach at the .Forbury on the one side, and on the other down by Anderson's JBay and the eact side of the Harbor, as far os Portobello, with the view of continuing it to the Heads. So soon as possible, it is proposed to commence near the crossing of the Clutha Railway at the Anderson's Bay Road, making use of the Clutha Line from Dunedin to that point, until the Company thinks it desirable to construct » separate line from its own termiuus in the City. The promoters are satisfied that such a railway will not only be> directly profitable as an investment, but that it will prove an immense) boon to the inhabitants of Dunedin, and the settlers in the district through which it will pass. The JTorbury Branch will pass the Caledonian Grotu Js, Gasworks, and Racecourse, and terminate at or near the Forbury Head ; and it is believed that the passenger traffic on this part alone will puy a good interest on the capital recessary to construct the whole linn. The other Branch will leave the Anderson's Bay Road, beyond the Bay View Hotel, and proceed to Anderson's Bay^ and thence down the East side oi the Harbor to Portobello. This line will secure a considerable goods traffic in Lime, Timber, Coal, Bricks, and Farm and Garden Produce ; while the rapidly increasing popularity of the sunny slopes of the Peninsula for summer residences f and pleasure excursions, will draw a large passenger traffic. Both kinds of traffic will be very much increased by what will no doubt follow the construction of the railway, viz. — steamer from Port Chalmers to Portobello, and a deep water wharf at the Heads, when the line is finished that length. The Provincial Government, fully recognising (he public import anco of the proposed undertaking, has promised to give all public lands required for the construction of the line, including sufficient land for a Dunedin Terminus in a central situation ; and the Government has also undertaken, if necessary, to work the line with its rolling stock on fair aud reasonable terina. The Promoters have every reason to believe that all private land* required for the line will be freely given by their respective owners. Mr D. Proudfoot has already offered to give, without compensation, a strip of land through the whole breadth ot his valuable property near the Ocean Beutth. 'Iho following may be taken as a rough estimate of the approximate cost of the different sections, exclusive of rolling stock :— From Dunedin to Oceuu Beach ... 2^ miles £7,000 From near Mr Tolmie' 8 house to Portobello, via Anderson's Bay... 9£ „ 80,000 From Portobello to the Heads ... 5* „ 18,000 £55,060 Aplications for Shaves may be made to the undersigned. J. B. BRADSHAW, Interim Secretary* Temple Chambers, Princes street, Dunedin.