Page 4 Advertisements Column 2

New Zealand Tablet, Volume II, Issue 77, 17 October 1874, Page 4

PttCvSPEjOTUS OP THB DUNEDIN, PENINSULA, AND OCEAN BEACH RAILWAY COMPANY (LIMITED). KAII WAY CAPITAL ... ~. ' £Boonn '' With power to increase."* * w>uuu » MUth. *iw. colder I hi£ £ % JTS?^ PEOVISIONAI. ComtITTEB : Mr William Bacon, Peninsula Professor Black, Anderson's Bay Mr E. B. Cargill, Dunedin Mr James Christie, Peninsula Mr G. W. Elliot, Dunedin Mr Kanieri Ellison, Peninsula Hon. Captain Fraser, M.L.C., Dunedin Mr Wm. Hooper, Peninsula Hon. Mathew Holmes, M.L.C., Andersen's Bay Mr W. J. M. Larnach, Peninsula ' * Professor M'Gregor, Anderson's Bay Mr James M'lndoe, Forbury Mr D. Proudfoot, Dunedin Mr Thomas Reynolds, Peninsula Mr George Robertson, Peninsula Mr Robert Rainbird, Peninsula Mr R. M. Robertson, Anderson's Bay Mr James Smith, Anderson's Bay Mr James Seato&, Peninsula Mr W. A. Tolmie, M.H.R., Anderson's Bay Hori Kerei Taiaroa, M.H.R., Peninsula Mr George Wilson, Dunedin. Banekes : Bank of New Zealand. Solicitobs : Smith and Andersen. It is proposed to construct a Railway from Dunedin to the Ocean •Beach at the Forbury on the one Bide, and on the other down by Anderson s Bay and the east side of the Harbor, as far as Portobello^ with the view of continuing it to the Heads. So soon, as possible, it is proposed to commence near the crossing of the Cluthu Railway at the Anderson s Bay Koad, making use of the Clutha Line from Dunedia to that point, until the Company thinks it desirable to construct ft separate line from its own terminus i& 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 j boon to the inhabitants of Dunediu, and the settlers in the district through which it will pass. The Forbury Branch will pass the Caledonian Grounds, Gasworks, and Racecourse, and terminate at or near the Forbury Koad ; and it is believed that tbe passenger traffic on this part alone will pay a good interest on the capital ueceesary to construct [ the whole lino. 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 of the Harbor to Portobello. This, line will secure a considerable goods traffic in Lime, Timber, Coal, Bricks, and Farm and Gardeu Produce 5 while the rapidly increasing popularity of the sunny slopes of the Peninsula for summer residences and pleasure excursions, will draw a large passenger traffic. Both* kiuds of traffic will be very much increased by what will no doubfc^ 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 ihe public import anoe of the proposed undertaking, has promised to give alt publia 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 and reasonable terms. The Promoters have every reason to believe that all private lands 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 Beach. Ihe following may be taken as a rough estimate of the approximate cost of the different sections, exclusive of rolling stock :— From Dunedin to Ocean Beach ... 2£ miles £7,000 From near Mr Tolmio's house to Portobello, via Anderson's Bay... 9} „ 80,000 From Portobello to the Heads ... 5} „ 18,000 £&5,0C0 A.plic»tions for Shares may be made to the undersigned, J. B. BBADSHAW, Interim Secretary.. Temple Cbamberi, Princes street, Dunedin.