Page 3 Advertisements Column 2

Manawatu Herald, Volume I, Issue 64, 8 April 1879, Page 3

PROSP E C T U £ OF THE FOXTON AND SANSON RAILWAY CO-, Limited. Capital— £3o,ooo, in 6,000 shaies ol £5 each. . Of which it is proposed to call up £ 1 per share, payable as follows: — Fivt Shillings per Share on application, Five Shillings on allotment, and Fivt Shillings per Share (It intervals of not less, than three months, after which no further call to be jnuuh for a period oj fifteen years Ihe Promoters have arranged to borrow upon debentures the sum of £24,000. I PROVISIONAL DIRECTORS. EON EOBERT CAMPBELL, M.L.O. of New Zealand H. SANSON, Esq, Settler. Sanson J. W. GOWER, Esq, J1 J , Runholder, Carnarvon HENRY HAMMOND, Esq, Runholder, Sandon aEO. FARMER, Esq, Settler, Sandon JNO. TOMPKINS, Esq, Settler, Sandon GEO. PHTLLIPS, Esq. Settler, Sandon J. M'LENNAN, Esq, Manager, Oroua Downs JAMES HARRIS, Esq, SeUler, Sandon T. GIFFORD, Esq, Settler, Sandon H. ROCKEL, Esq, Settler, Carnarvon — BISHOP, Esq, Settler, Sandon JNO. PRIOR, Esq, Solicitor, Sanson J. A. BAILLEY, Esq, Settler, Sanson CHAS. EDWARD'S., Esq, Settler, Sanson JAMES BOWATER, Esq, Settler, Sanaon E. S. THYNNE, Esq, JP, Foxton A. GRAY, Esq. Foxton F. LOUD ON > Esq, Storekeeper, Foxton j. F. "" ROCKSTROW, Esq, JP, Foxton F. ROBINSON, Esq, JP, Foxtou A. J. WHYIE, Esq., Hotelkeeper, Foxton J. M. PERREAU, Esq, Foxton HANKEItS. •The- Bank of New Zaaland, Sanson soi-iciroit axd'secrktahy: • Jno. Prior, Esq, ?anson This Company is formed for the purpose of constructing, under the provisions of " The District Railways Act," a Line of Railway from Carnarvon Junction to Sanson,, a distance ■ of thirteen miles sixty chains. The District through which the proposed Line will run, is admitted by all competent judges to be some of the finest Agricultural Land in the Colony, large quantities being annually broken up ; there being at the present time a considerable area under crop.' There is also extensive Bush Land in the vicinity of the pro posed Line, containing .first - class Timber. ; i The Line will open direct communication with tho Port of Foxton, and ultimately extend to Greatford Station on the Wauganui Railway, lessening the distance from Foxton to Wanganui. by twenty two miles, and will doubtless become a portion of the Main Line from Wellington to the North. The Promoters- have confidence in predicting that the proposed Line will bo a lucrative investment, as, outside Stock and Timber, large quantities of Grain and other Produce must pass over it. The Passenger Traffic would also be considerable, and when the extension to the Greatford Station is formed, by far the larger portion, if not the whole, of the through traffic would use the Line ; it making a difference of five shillings and sixpence in a single Ist class, and three shillings and eightpence 2nd jolass" tickefc^fVotti Wanganui to Foxtonj besides a saving in time of two hours. The Line beiag once formed, the quantity of land at present annually broken up would be greatly increased ■through the facilities afforded by 'railway transit for grain. The greater portion of the country through which the proposed line riius is settled upon by a thrifty population. Tho Promoters have little doubt thftt the working of the Line will realize a handsome profit, beside the security of the guarantee of 7 per cent under :" The District Railways Act." Tho Line will be formed upon a portion of the road tho whole of the distance (about 13 miles) ; conse* quently no land with the exception of that required for Stations will be purchased, thus enabling the Company to construct the Line upon exceptionally favorable terms ; in fact, little or no cost will be incurred besides the formation, which will be of the easiest, there being no cuttings of any im* portance necsssary. The Government having ordered a :large quantity of rails from England at a low rate, have signified their willingness to supply the Company .with superior rails for the proposed Line at actual cost price, which offer the Directors have resolved to accept. The Government have undertaken to work the Line upon terms sufficient to cover working expenses and wear and tear of Rolling Stock. Shares have already been subScribed for in the District. It is the intention of the Provisional Director* .to close the list on the "Early application should therefore he made by intending shareholders. ',] Prospectuses, , with form s of appli cation i'ov shares attached, can ht obtained at the offices of the Banls of New Zealand, Foxton and Sanson, and .at,.tho. Manawatu Herald; Office, Foxton.?? A ■]<■■ I '.••-•. ■'« '--. '■ '•' ' ?< J'J: I * '>■ -"' ■-'-•>• -* * ■• nOWE, BIRCHLEY & QC CONTRACTORS, Sec, '■ Foxton, Are prepared to cart goods betwoei Foxton. and IQtaki, p? to any othej par^df»tb« ; Mdndwatu District, a the most reasonable prices.