Page 4 Advertisements Column 2

Nelson Evening Mail, Volume XV, Issue 45, 21 February 1880, Page 4

P R OS PECTUS OF gfk $tmm JJWpmjg JimM, (To be Registered under tbe Joint Stock Companies' Acts.) CAPITAL : £25,000, IN 5,000 SHARES OF £5 EACH. 20s. payable on application, 20s. on allotment, and the . balance in Calls of 20s. each vat intervals one month. Provisional Directors: JAMES SCLANDERS, Esq., J.P. PETER DONALD, E*Q., J.P. ' ROBERT LEVIEN, Esq. C.\ CANNING^ Esq. HENRY HOUNSELL, Esq. F. H.PIOKERINO, Esq. P. COOKE, Esq. W. HADDOW, Esq. General Manager: JOHN HONEYCOMB. COCK, Esq. Bankers : THE NATIONAL BANK OE NIW ZEALAND.. Solicitors: Mbsses. ADAMS & KIHGDON. The Company is started in consequence of the winding up and realization of the business of " N. Edwards and Co." of Nelson, merchants, by the widow of John Symons, TEsq'./ the late sole proprietor of the firm. Upon the opening of the West Coast Goldfields in 1 863 th« :firm of N. Edward* & Co. started a line of steamers to carry on the trade between Nelsbn and > Westport, -Sb^ffiQuth, HbkUika, , and; other ports on the West Coast. The trade proved a lucrative one, and, as-occasion demanded, other were, bought and added to the fleet, called by the firm the " Anchor lime," and tixe Wbarf knbwn as the Albion Wha^f was bought, and a large stor.e and oflice were built thereon to jcarr.j; on the^siness "Of the - said *teamers> and subsequently the Foundi-y known as the Angbor -Fqumdk-V w^ia erepted upon tTyol freehold acres fronting a part of the beach near ; the Albion Wharf, where -the ve / 9*el« l &n -be 4ftid -upifor-ieipairs within a few fee'tof the Eoundry,; and. the. said Foundry was fitted up with the .latest machinery and tools requisite for -building and fepairiag- steamers and carrying "on a general boilermaker and smith's trade. The present trade of the I^ine ." extends to .Wej^ingtonj^^Wangan^uj^and Blenheim, and almos.t. the entire West Coast trade has long been, and is now being, <^dnt^o:' by' theftlinei ■ The Port of Nelson being situated midway betwaen the^pbrti "fenabler the steamers to be worked t» the greatest advantage from Nelson. The steamers have recently been insured in London to the fXtont of £12,700 i* a lo^r premium. The steamers coal themselves at Grreymouth, . and r .thereby T-pjbtain a reituxn-c^rgby .ivtich^eflable.s tHoir owners to carry on a considerable coaL trade in Nelson, the of which; will h$ assigned with the steamers to the Company,: and which «an be: profitably worked in; conhection wit^. .the Albion Wharf. With the view of retaining the trade in. -Nelson, and preventing the breakingjup of this complete and valuble property, Mr. J. H. Cock has entered into an agreement with Mrs. for the .transfer of all the said property to the Company at a price, viz., £21,000, far below their actual coat, arid Upon, which the average earnings of the concern during even the dull times of recont years show a return of over ten per cent interest net profits. The said agreement is printed at the end- hereof for the perusal of intending share holders, and enumerates the various valuable properties proposed to be transferred to the Company. The advantages of purchasing a going concern haviug a complete staff of efficient officers are too well known to need comment, and by tbe agreement the Company are to take possession, and the consequent benefit of the profits as from the first day of January, 1880. Mrs. Symons herself agrees to take up 500 shares in the Company. The fact that the present officers will take up. between them, another 500 shares is a» additional guarantee for the efficient Avorking of the concern. The Provisional Directors will hold office until the first annual meeting of the Company, when they will retire in accordance with the Articles of Association. Copies of the Prospectus and Forms of application may be obtained from any of the branches of the National Bank of New Zealand and from Messrs. J. H. Cock <fe Co., merchants, Nelson, to any of whom application for Shares may be made up to March 20, 1880. • 7 —^- AGREE M E'fft T. This Agreement made this 24th day of January, 1880, betwbejn Elizabeth: S?m:6ns, of Allan Bank, the Downs, Wimbledon, Surrey, England, widow, of the one part, iind John Honeycomb Cock, of the City .of Nelson, in the Colony "of New Zealand, merchant, hereinafter called "the said promoter," of the other part : Whereas the said Elizabeth Symonß, trading as " N/Edtrards and C 0.," is possessed of a fleet of steamers known as the " Anchor Line," belonging to the Port of Nelson, and "trading in Cook's Straits and the West Coast of New Zealand, and of a Foundry known as the "Anchor Foundry," and of a wharf known as the " Albion- Wharf," and other property in connection with the foregoing premises, all situated in the Port of Nelson; and whereas the said promoter, instructed by the; said Elizabeth Symons, is desirous of floating a Joint Stock Company to purchase the above-mentioned iSteiimers, Foundry, Wharf, and Premises , from the said Elizabeth Symons, and to carry on the trade with j them hitherto carried on by the said Elizabeth Symons, and the said Elizabeth Symons has agreed to furtlier the said object, and for the consideration hereinafter mentioned to transfer the premises to a Company sojsoon as it eshall be duly registered upoa the terms hereinafter mentioned. Now this agreement witnesseth j that each of them, the said Elizabeth Symons and the said J. EL Cock, as such promoter, doth hereby mutually agree, -the one with the other of them, in manner followins. that is to say— » 1. That the-satd. promoter shall forthwith proceed to form, -float, -and d«ly-regißter-in-New Zealand a Joint Stock Company under the "Joint Stock Companies Act," to b« called "The.Anchor Steam Shipping Company, Limited." 2. The registered oflice of the said Company shall be in the-said City of -Nelson^ 3. The objects for which the Company is to be established shall be the purchase from theisaid Elizabeth Symons of the Anchor lane of Steamers, Anchor Foundry, and Albion Wharf, and other' property,, and the carrying on of the businesses of shipowners, shipbuilders, engineers; and general smiths, wharfingers, and coal 'merchants, atand from the Port of Nelson. i 4. The liability of the members of the said Company shall be limited. 5. The capital of the said Company shall be £25,000, in 5060 shares of £5 each^ whereof- the said Elizabeth Symons agrees to take up 500 shares. 6. That from tbe 31st December,; 1879, : until the complete ifoiakation:»nd^egii{tcation of the said Com- . pany, the said Elizabeth Symons shall keep the busin««s of th^ •jkid/f^ataers,. r foundry, r whftrf,^ ami premises i distinct and separate from her other businesses, and shall keep separate account* of. all the. .payments and receipts and transactions thereof. 7. That upon the complete formation and registration of-th« said. Company, ,, and upon- receding from the said Company the sum of £21,000 and interest theYeon at the T^tt'of' £7 e»nt l piir : annum from the 31st December last until payment, the said Elizabeth- SymOn^^&ahjeoHVejy assign, and ctramiferiio the said Company the following properties, yiz., Four Steamers, .caJl«do,the "jCharfes vEdl^ard/' ": Kennedy," : " Murray," and " Wallace," and the hulk " Hera," all of the Port of Nelson, and-all the gear, fittings, and appurtenances thereunto belonging; The Lease, dated 30th day oft M-ay, -1873, '.fr0m, the Crown to. Jonathan s Livick, subsequently assigned to John Symoms, Esq., late of Nehb'a'," deceased; of the Albioh Wharf, for 12 years, from the Ist day of January, 1873, at the yearly rent of"£80, paid up to the Ist day of January, 1880, and all the buildings and working plant thereunto belongingjjncluding the Telegraph plant, subject to an agreement to employ the said Jonathan Livick as wharfinger during the currency of the said lease, at a salary of £240 per annum; The Anchor Foundry, comprising-freehold sections 31 and 32, City of Nelson, having a frontage to the Haven Road of 264 feet, and all the buildings, engines,. and working plant thereunto belonging; The Goodwill of the coaling and wharfinger's businesis .heretofore parried on in connection with the said properties; All the said steamers, foundry, wharf, and premises -are isbld-as^'they --stood on the Ist January, 1880, and as if they had been delivered on tbat day. 8. The Company shall have the benefit of all the profits madefy <the said steameys, foundry, /and^-w^harf since the 3 1st December last, and shall pay all the expenses and^'ou^-y connected ; therewith, including. a proportion of the insurance. 9. The Company shall also forthwith pay to the said Elixabe^^ 1 ? 1 ?!^]? 8 '&* 7 a W !^^?:I. a ly an d stock-in-trade (other than the working plant) belonging to the B^dj;s|E^mers,. fpun;dLi:£, -^ad'Tiflia^ =accprdipg to the valuation thereof made on behalf of the said Elizabeth §ytiWfts at the \/m& Ist day of January, 1880. Provided that if the said promoter shall not float and regisjteriik&tsaid Gorj^ftny-hefo^lbe t^oth. June, 1880, this agreement shall thereupon become null and void. In witness whereof the Hon. N. Edwards, acting under, aad by virtue of a. power. of attorney, dated the 21st day of May, 1879, under the hand and seal of said EHiabethrSy«ionß> has. hereunto subscribed the name of the said Elizabeth Symons/ arid the said John Honeycomb Cock has also hereunto subscribed his name, the day, and year first b«f#ro written.