Page 3 Advertisements Column 2

Manawatu Herald, Volume I, Issue 66, 15 April 1879, Page 3

PROSP E C T U S OF THE FOXTON AND SANSON EAILWAY CO-, Limited. CaimtA!,— £3o,ooo, in 6,000 shaies of £5 each. Of tohich it is proposed to call up £ 1 per share, payable as follows:— Five Shillings per Share on application, Five Shillings on allotment, and Five Shillings per Share at intervals of not less than three months, after which no further call to be made for a period of fifteen years 2 he Promoters propote to borrow upon debentures the «m»io/£24,000. PROVISIONAL DIRECTORS. HON ROBERT CAMPBELL, M.L.C. of New Zealand H. SA.NSQN, Esq, Settler. Sanson j J. W; GGWEB, Esq, JP, Rvmholder, Car- I narvon HENRY HAMMOND, Esq, Runholder, Sandon • -.■. ■ : -. GEO. FARMER, Esq, Settler, Sandon JNO. TOMPKINS, Esq, Settler, Sandon GEO. PHILLIPS, Esq, Settler, Sandon J. M'LENNAN, Esq, Manager, Oroua Downs ' " : ! ■ JAMES HARRIS, Esq, Settler, Sandon T. GIFFORD, Esq, Settler, Sandon H. ROCKEIj, Esq, Settler, Carnarvon — • BISHOP; Esq, Settler, Sandon . JNO: PRIORyEsq,- Solicitor, Sanson- • J. A. BAILLET,' Esq, Settler, Sanson CHA-S. 1 EDWARDS j'Esqj Sottler, Sanson JAMES BOWATER, Esq, Settler, Sanson E. S; : TH*NNE.'Esq,JPj Foxton i A; GRAY, -EsqrPoxton' I F. LOUDON, Esq, Storekeeper, Foxton J. F. ROCKSTROW, Esq, JP, Foxton F. ROBINSON, Bsq, JP, Foxton A. J. WHYTE.iEsa.., Hotelkeeper, Foxton J. M. PERREAtr, Esq, Foxton " '' vl N"■ HANKERS. 1 ': ' . : ..The flank of- New-Zealand, Sanson SOLICITOR ■ AUD ! BEOKB TAB Y : Jno. Prior, Esq, Sanson This "Cbmpany is formed for the purpose of constructing, , under the provisionsof « The District Bailways Act," a Line of Eailway from CarI narvon Junction to Sanson, a distance j 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 tho 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 proI posed Line, containing first - class Timber. The Line will open direct communication with tho Port of Foxton, and ultimately extend to Greatford Station on the Wauganui Eailway, lessening the distance from Foxton to Wan* ganui 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 jroposed Line will be a lucrative investment, .as, oti tside 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 forced, 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, • ail^h^ee^shill^ngs and eightpenca '2nd"* class 'ticket from Wanganui to Foxton, 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 runs is settled upon by a thrifty population. The Promoters have little doubt th#t the working of the Line will realize a handsome profit, beside the security of the guarantee of 7 perj cent, under " The District Bail ways ' Act." • < : • '< : -: •; • The Line will be formed upon a portion of the road the whole of the distance (about 13 miles) ; conse* quently no land with the exception of that required for Stations will be pur« chased, thus enabling the Company to construct the Line upon exceptionally favorable terms ; in fact, little or no cost will be incurred besides the for* mation, which will be of the easiest, there being no cuttings of any importance necessary. 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 Boiling Stock. Shares have already been subscribed for in the District. It is the intention of the Provisional Directors to close the list on tho Early application should therefore be made by intending shareholders. Prospectuses, with forms of appli* cation for shares attached, can be obtained at the offices of the Bank of>New Zealand, Foxton and Sanson, and' a(; the Manawatu Herald Office, Foxtoh. * OWE, BIEOHLE^&CO CONTRACTORS, &c , Foxton, /Are j>repareditp(o;'art goods between -<]&itt)i^a«f4 l Otaii, or to any other I part of the Manawalu District, at • the most reasonable prices.|