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. JFor the convenience of Investors, one-half of the called amount may be paid by bills at three and six months, beating 8 per cent, interest. If no allotment is made, the deposit money will be returned in full. Provisional Directors ; Hon. EdyVabd Cohen, M. P. Charles Croaker, Esq (Messrs. Croaker, Scott, & Co.) Charles Ibbotson, Esq. (Mesrs. Dalgety, Ibbotson & Co., Geelosg) Hon. C. J. Jenner M. L. C. Captain Hugh Macsieikau. li. TWENTYMAN, Esq. Bankers : Union Bank of Australia. Solicitors : Macgbegor, Ramsay, & 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 Australia Colonies and New Zealand, and in such other branches of trade as may be considered adviGable. 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 1 addition to the steamships, Messrs McMeckan and Blackwood will Sell to the Company the Coener Block of Flinders and King-streets, Melbourne, upon which their present Offices Stand, with other Buildings Ite 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 or ashore, and all stores and coals aboard when ships are takea over, i There will be no Promoters' Shares, and Messrs. McMeckan & Blaokwood pay preliminary expenses. Messrs. MoMeckan & Blackwood are willing to take £50,000ia shares, or such other amount as the ' Provisional Directors may determine on. That the undertaking . will be ' eminently: profitable, may be gathered from the fact that the net earnings of eight of the vessels for the year 1871 was £34,748 (the ; Albion did riot commence running until December), showing, a return of upwards of 15 per cent, per annum. , Prospectuses, Torms of Application, and full particulars can be had from theundersigned, ; is empowered to receive applications for shares, with deposits, -which must accompany each application. ' . 920 THOMAS CAWTHRON, Agent.
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Bibliographic details
Nelson Evening Mail, Volume VII, Issue 146, 20 June 1872, Page 4
Word Count
416Page 4 Advertisements Column 1 Nelson Evening Mail, Volume VII, Issue 146, 20 June 1872, Page 4
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