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Grey River Argus, Volume XII, Issue 1308, 8 October 1872, Page 2

The ttaaraer Charles Edward sailed las'; night for Westrort and Nelson. The s s Kennedy, with the cargo brought by the Albion for West Coast Torts, was expected to leave Nelson last evening, for Hokitika or Greymouth direct. The directors of the Australian Steam Navigation Company, says the Sydney correspondent of the Melbourne Argus, have beenstodying 1 he conditions of the Calif ornjan contraot. and h&ve come to the conclusion that it is not a matter to be neglected. Bnt with their existing capital they could not face it, and therefore they called a meeting of tbeir shsroholders to get their assent to an , increase. Strange to say, the meeting was not very well attended, and it was therefore : aijourned, bat several influential shareholders who were present expressed a strong opposition to the venture, and if, on inquiry, tnu feeling should be found general, the directors mast submit to see this enterprise taken up by others.