Page 1 Advertisements Column 4

Hawke's Bay Times, Volume II, Issue 94, 2 March 1863, Page 1

THE HA WEE’S BAY STEAM NAVIGATION COMPANY [LIMITED,] To be incorporated tinder the Joint Stock Com pany’s Act, 1860—Session 3, No. 13. Capital £15,000, In accordance with Resolutions of public meeting of Shareholders held on Friday, Feb. 13,1863, with power to increase it, in 750 shares of £2O each. Deposit, 10 shillings per share, to be paid upon application. A payment of 40s. per share to be made upon allotment of .'shares. Subsequent calls not to exceed £5 per share, nor to be made without three months’ previous notice being given. A Board of Directors, to be elected by the shareholders at the first general meeting held in terms of the Joint Stock Company’s Act, 1860, shall have the general management and control of the Company’s operations. Provisional H. S. Tiffen, Esq. Donald M‘Lean, Esq. Major Whitmore James Anderson, Esq. Alexander Browne, Esq. Donald Gollan, Esq. T. Purvis Bussell, Esq. Samuel *egg, Esq. E. S. Curling, Esq. Joseph Rhodes. Esq. J. D. Ormond, Esq. V. Janisch, Esq, Committee; — John Wilkinson, Esq - John Chambers, Esq. Thomas Lowry, Esq. J. G. Gordon, Esq. Alexander Alexander, Esq. J. D. Canning, Esq. J. Bobjohn, Esq. J. N. Williams, Esq. M. Boylan, Esq, Michael Fitzgerald, Esq. G. S. Cooper, Esq. F. Sutton, Esq. J. A. Smith, Esq, Edmund Tuke, Esq. C. J. Nauru, Esq. Edward Towgood, Esq. E. W. Knowles, Esq. Solicitors ; —Robert Hart, Esq., Wellington ; and J. N. Wilson, Esq., Napier. Provisional Secretary ;—John G. Kinross, Esq. • o THE object of the proposed Company is to procure two screw steamers of a capacity and draught of water suited for the requirements of the Port of Napier. The great success which has attended the working of steamers in the coasting trade of New Zealand has demonstrated the fact that such a trade can be profitably followed, and it is believed that the Province can now - very well maintain two steamers in constant employment. The ivant of a suitable local steamer has been severely felt for the past 18 months—flockowners and others having been thereby shut out from the high markets existing both in Otago and Auckland. The uncertainty of the voyage precludes shipping by sailing vessels, while the accommodation afforded by the mail steamer, irrespective of the danger and delay of loading in the roadstead, is inadequate. The steamers which this company proposes to purchase are of the dimensions recommended by practical men of experience and standing after a careful inspection of the Port of Napier, and will each be about 140 tons register, or 250 tons builders’ measurement. Length, about 120 to 125 it. over all; breadth of beam, 20 ft.; depth, 9 feet; draught, when loaded, 7i feet. Each steamer to have 2 engines of 25 nominal horse power • to have a half-poop deck for passengers, and cabins fitted up for 16 gentlemen and 6 ladies berths, besides steerage accommodation. Such steamers will provide for the davelopment of the goods and passenger traffic, which is called for by the growing importance of the Port of Napier. As the conveyance of live stock may be expected to form a very profitable source of revenue, the steamers will be built with a view to this, and will each cany from 500 to 600 wethers. Tins Company may with confidence calculate on receiving the liberal subsidy for steam purposes voted by the Provincial Council of Hawke’s Bay. It is proposed that this company shall have a capital of £15,000 in 750 shares of £2O each, with power to issue new shares if necessary. The qualification for voting at the election of the first Board of Directors shall be the payment of Deposit of 10a., and the first call of £2 per share. Shareholders shall be allowed to vote by proxy. Any qualified Shareholder holding 10 Shares in his own right shall be eligible for election to the Board of Directors. Application for Shares to be made in the annexed form and addressed to the Provisional Secretary:— Hawke's Pay Steam Navigation Company (Litn ited), Napier. Form of Application. To the Provisional Committee of the Hawke’s Bay Steam Navigation Company (limited). Gentlemen, —I request you will allot me Shares in the above Company, and I hereby agree to accept that or any less number which may be allotted to me upon the terms mentioned in published prospectus. I beg to forward you at same time a cheque for £ being the preliminary deposit on Shares. Name of Applicant. Profession or business Residence Number of Shares Signature Dated the day of 1863 THE COLONIAL LIFE ASSURANCE COMPANY THE UNDERSIGNED has been appointed Agent for Napier. February 9,1863. M. FITZGERALD, Land Agent, &c.