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SOUTH PACIFIC STEAM NAVIGATION COMPANY [Limited. J Capital £200,000, In 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 called 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 Croaker, Esq. (Messrs. Croaker, Scott, ' m &Cb.) Charles Ibbotson, Esq. (Mesrs. Dalgety, Ibbotson & Co., Geelong ) Hon. C. J. Jenner M. L. C. Captain Hugh Macmeikau. R. TWENTYMAN, Esq. Bankers : Union Bank of Australia. - . Solicitors : Macgregor, Ramsat, & Brake. Broker : John Watson. Secretary, pro tern : Edward 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. .r. : 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 . . ... i1 70 In addition to the steamships, Messrs McMeckan,: and Blackwood will Sell to the Company the Corner Block op Flinders and Kino-streets, Melbourne, upon which their present Offices Stand, with other, Buildings lte to tenants. , The price at which the Steamships' Premises and Good Will of the Business are offered to the Company is ' £165,000, which includes all the spare gear, sails;' yards, shafts, propellers, machinery, &c, whether on board Cr ashore, and all stores and coals aboard when ships are taken over. There will he no Promoters' Shares, and Messrs. McMeckan S Blackwood ' pay preliminary expenses. Messrs. MoMeokAn & Blackwood are willing to take £50,000 in shares, or such other amount as the Provisional Directors may determine on. That the -undertaking '. will be eminently 4 profitable,' may! be, gathered from the fact that the net earnings of eight of the vessels for the year 1871 was £34,743 (the Albion did not commence running until December), showing a return of .^upwards of T5 per cent, per annum. .Prospectuses, Forms of Application, ana full particularscan be hadirom the undersigned, iB empowered; .to. receive, applications for shares, with deposits, which must accompany each application. .. „. >:, „,. r ..., .... .:,,_, "920 :) '■; ; ;;^T]^AS^toTH^^A g ent. ( ,

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NEM18720521.2.12.1

Bibliographic details

Nelson Evening Mail, Volume VII, Issue 120, 21 May 1872, Page 4

Word Count
420

Page 4 Advertisements Column 1 Nelson Evening Mail, Volume VII, Issue 120, 21 May 1872, Page 4

Page 4 Advertisements Column 1 Nelson Evening Mail, Volume VII, Issue 120, 21 May 1872, Page 4

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