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SOUTH PACIFIC STEAM NAVIGATION COMPANY [Limited. J ■' Capital £200,000, Jn 20,000 Shares of £10 each; £6 of which will be at once called up, viz., £1 on. application, and £5 on allotment. For the convenience of Investors, one-half of the call, d amount may be paid , by bills at three and six months, bearing 8 per cent, interest. If no allotment is made, the deposit money will be returned in full. Provisional Directors: Hon. Edward Cohen, M. P. Charles Ceo ake r, Esq . (Messrs. Croaker, Scott, &Co.) Charles Ibbotson, Esq. (Mesrs. Dalgety, Ibbotion & C> „ Geelong ) Hon. C. J. Jen. er M. L. C. Captain Hugh Macmeikau. K. Twentyman, Esq. .Bankers: Union Bank oe Australia. Solicitors : Macgregor, Ramsay, & Brake. Broker : John Watson. Secretary, pro tern : Edwabd Langton, M. P. Temporary Offices: 68, Temple Court, Melbourne. The object of the company is to procure and maintain a fleet of . first-class steamers, to be employed in the trade between the several Australian "Colonies and New Zealand, and in such other branches of trade as may be considered advisable. In the first instance, it.is proposed to purchase the undermentioned well-known vessels, now the property of Messrs. McMeckan & Blackwood. • Tons. Horse Power. OMEO _ ... 820 ... 120 ALBION ... 806 ... 160 ALHAMBRA ... ... 765 ... ;140 TARARUA; 692' ... 155 GOTHENBURG ... 674 ... 120 CLAUD HAMILTON . 668 ... .. 100 RANGITOTO ... ... 574 ... 140 : ALDINGA ... ... 447 ... 140 COORONG. ■■... : ... 390 .... _70 In addition to the steamships, Messrs McMeckan and Blackwood will Sell to the Company the Corner Block of Flinders and E__ng-streets,: Melbourne, upon which their present Offices Stand, with other Buildings let to tenants. ;■..-. The price at which the Steamships' Premises and Good Will of- the Businessare'ofFered to the . Company is „£165,000, .which . includes all the spare gear, sails, yards, shafts, propellers, machinery^ &c., whether onboard or ashore, ami all stores, and coals aboard when ships are taken over. '7._ i.. There will be no' • Promoters' Shares, and Messrs..: McMeckan & Blackwood pay preliminary expenses.- - : .-Messrs -.McMeckan & Blackwood are willing to take _Sso,ooodn - shares^ or such other amount as the Provisional Directors may determine on.. . '. ' _ fTfta!t£tb.e, , undertaking, will be iemiriently profitable, may be gathered from the .fact that the act. earnings of .eight, of the .teasels for the : year • \lß_l .was __8-_;7437(th_ Albion •: did not commence running-until December), showing a: return ofjUgw^r^s of !; 15, per cent, per annum. Prospectuses, Forms of Application, and full .yf^ydpuj&n be-hadjfroin the/jiijdle.e. gned, is empowered 'to reC-iteiappiicM^ rwit^^epcsits, w,hich must accompany each appli r_ . VJ&tJbn.S -■.'..' P^Xpppx pPi.-'.'-p^pP.^-^-XX

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https://paperspast.natlib.govt.nz/newspapers/NEM18720517.2.13.1

Bibliographic details

Nelson Evening Mail, Volume VII, Issue 117, 17 May 1872, Page 4

Word Count
406

Page 4 Advertisements Column 1 Nelson Evening Mail, Volume VII, Issue 117, 17 May 1872, Page 4

Page 4 Advertisements Column 1 Nelson Evening Mail, Volume VII, Issue 117, 17 May 1872, Page 4

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