Page 3 Advertisements Column 3

Evening Star, Issue 3364, 1 December 1873, Page 3

PUBLIC COMPANIES. PROSPECTUS OF THE UNION STEAM SHIP COMPANY OF NEW ZEALAND (LIMITED). (To be incorporated, with limited liability, under the Joint Stock Companies Act, IS7O ) Capital ... ... £’250,000. In 25,000 Shares of i’lo each, with power to increase and issue Deben ure Slock. Only £4 per Share to be called up at present, payable as follows 10s per share on application ; 10s on allotment; 20s in three months after allotment, and the remaining 40s in calls of 10s each succeeding three months. Provisional Directors : E. B. Cargill, Esq. (Messrs Cargills ami M'Leau). A, C. Strode, Esq., R.M. J. A. Walcott, Esq, (Messrs Bright Brothers and Co.) P. C. Neill, Esq. (Messrs Neill and Co.) W. J. M. Larnach, Esq, (National Bank). John Richard Jones, Esq., Matauaka. J. M. Ritchie, Esq. (Messrs G. Gray Russell and Co.) James Mills, Esq. (Harbor Steam Company.) James T. Mackerras, Esq. (Messrs J. T. Mackerras and Co). T. S. Graham, Esq. (Messrs Bing, Harris, and Co.) Arthur W. Morris, Fsq. (Otago and Southland Investment Company.) Janies Smith. Esq. (Messrs Smith and Anderson). Henry Driver, Esq. (Messrs Driver, Stewart, and Co.), Alex. Burt, Esq. (Messrs A. and T. Burt). Charles M‘Queen, Esq. (Messrs Kincaid, M‘Queen, and Co.). H. P. Murray-Aynsley, Esq. (Messrs Miles and Co., Christchurch.) George Gould, Esq., Merchant, Christchurch). Bankers : National Bank of New Zealand, Solicitors : Messrs Smith and Anderson. Interim Secretary : James Mills, Esq. This Company has been formed for the purpose of providing more efficient steam communication between the different ports of New Zealand- the want ef which has been felt for some time past, and is becoming more perceptible as the growing trade of the Colony is developed. It is proposed to float the shares principally in the Provinces of Otago and Canterbury, as the class of enterprise is one in which they are specially interested, and in which they have not hitherto occupied the position they arc entitled to from their large share in the trade of the Colony. It is desired to establish a weekly line of steamers between Otago and the principal Northern Ports, to put on a steamer between Dunedin and the West Coast Ports of the Middle Island, and also to provide for the efficient conduct of the trade to and from the several smaller Ports on the Coast of Otago and Canterbury. For these purposes the following new vessels will be required ; Three first-class steamers for the trade between Dunedin and Manukau, to be built in Europe, and capable of carrying from 400 to 500 tons of cargo, fitted with compound engines and the latest improvements, and with superior passenger accommodation suited to the requirements of the present day. The steamers will be of such a class and speed as will ensure every facility to shippers of goods and convenience to the travelling public One boat of smaller capacity and light draught of water, especially adapted to the trade of the West Coast of the Middle Island! With a view to commencing operations without delar, it has been arranged to take over, on the Ist of January next, r.he steamers Maori, Beautiful Star, and Samson, belonging to the Harbor Steam ’ompany’s fleet, and also their new steamer just built on the Clyde specially for the Timaru and Lyttelton trade, and -which is expected to arrive in the Colony early in February. These vessels will at once create a revenue for the Company, anti, it is believed, will lie sufficient to carry on the trade of the ports on the coasts of Otago aud Canterbury. The terms on which it has been agreed to take over the Harbor ('ompany’s plant are exceedingly favorable to this Company ; the new boat is to be taken at cost price, and the Maori, Beautiful Ntar, and Samson, at a price to be arrived at by a valuation of the boats by Mr Walcott on behalf of this Company, Mr Mills on behalf of Harbor Company. with Mr A. W. Morris as third valuator, and to he agreed to by the Provisional Directors, with a bonus added equal to their estimated profits for three months, to be verified by an examination of the Company’s books by Mcs-rs Walcott, Cargill, aud Morris. This Company will receive an ample equivalent for tbe bonus so given, in taking possession at once of a well-established and profitable business, and securing all the benefits of the Harbor Company’s connection and experience. Mr James Mills, who has so successfully conducted the business of the Harbor Company from its commencement, will continue to act as Manager of this Company. It is estimated that to carry out these proposals a capital of 1.150,0T0 will be required, and to provide for this it is proposed to call up L 4 per share, making a total of LIOO,OOO, and to borrow the remaining LSO 000 on debentures bearing a low rate of interest. This arrangement will enable larger dividends to bo declared on the paid-up capital. Out .of the total number of shares, the proprietors of the Harbor Company will take 7.500 paid up to tbe extent of L 4 each, and the remaining 17,500 are now offered to investors. In recommending this investment to the pubhc, the Provisional Directors may state that large profits are now being made by steamers on tbe coast of New Zealand, and they are therefore confident that by the employment of vessels of tbe character indicated, lilted to work with tbe utmost economy, and meet the growing traffic without undue strain, the Company will be able to secure ample profits, and at the same time promote trade and the convenience of the travelling public, by providing improved facilities aud accommodation at reduced rates. Applications for Shares will be received by the Interim Secretary, at his office, Harbor Chambers, Dunedin ; and by Messrs Miles aud Co., Hereford street, Christchurch. . I~~MPERIAL BUILDING AND INVESTMENT SOCIETY. Shares, £25 ; Entrance Fee, 2s Gd per share; Subscription, 4s a month per share. Loans and advances made on landed property on liberal terms. Applications for shares, loans, rules of tbe Society, or other information, to be made to the Secretary, W. DALRYMPLE, Exchange Buildings, Princes street.