Page 4 Advertisements Column 2

Nelson Evening Mail, Volume XV, Issue 47, 24 February 1880, Page 4

PROSPECTUS OF (To be Eegistered under the Joint Stock Companies' Aota.) CAPITAL: £25,000, IN 5,000 SHARES OF £5. EACH. 20s. payable on application, 20s. on allotment/ and the balance in Calk of 20s; each ristt integrals of one month; Provisional Director* : JAMES SCLANDERS, Esq., J.P. PHTER DONALD, B«Q., J.F. ROBERT LBVIBN, Esq. C. •OANKINGy Ebq.; •::■• HENRY HOUNSELL, Esq. F. m JPIGffiSRM^ B»Qs , P. COOKE, Esq. W. HADDO W, Gentral Manager : JOHN HONEYCOMB : CX)CK^ Esq. Bunkers : THE NATIONAL BANK OF NIW ZEAIiAND. ! Solicitors: Mbssbs. ADAiIS & KOrQDPiT. The Companj is started in consequence of the binding up and realiaatiojn of ih« buii^eijk.of "N» Edwaidii .- | and Co." of Nelson, merchants, by the widow of John Symona, Esq., the late »ole proprietor of the firm. " Upon the opening of the Wjest Coast Goldfelds in 1863 th« firm of N. Edwardf & Co. started aline of steamers to carry on the trade between Nelson and Weatpoffr, Cr?*yn*puth, Hoklijikftj^ajnd other ports on the W«'st €oast. The trade proved i lucrative on«, and, as. occasion demanded, other steamer* were, bought and i added to the fleet, called by the firm' 1 the '* Anchor Line," and^ 'tlieWWf-k^-wii-ift'lb^^LLßiON WhakrlTf»j|.,bouglit, a large store and office were built thereon to oarry on the business of the said steamers, and .'subsequently the Foundry kWnrn a» the Axchob FoTJKDR^^ra8 t er.ecte^ < ,fee : ejhold acres fronting a part of the beach near the (Albion Wharf,, where the Teasels fan _ be laid up :for repairs within a few feet* of the F6undry, and the said Foundry waiifitted up with(tho'lateit/:machme^C>li4tto^ building and repairing steamers and carrying on a general boilermaker and smith** trade. The present trade of the "Anch6r>Line^ extend* io^ W/elli^gkim/ WAngattui, and- BtetthsMfe^iraii almps_tj : the entiri^ f West Odaßjfc-, trade has long been, and is now; beuig, fonductedby.the J.in>ts,,,, - . The Port of -Nelson being situated midway between these porte enable* the steamers to be worked t© the greatest advantage from Nelson. ThQ steamer* (have recently been insured in London to, .the fitppt of i:£l£,7QQ..ai arlo^f, premium. The steamers coal themsel vies at;. Grreymouth, : »?di. iherebyf obtain a return cargo, which ©nablerthoir ownertf to ean^fbWsti^considerable coal trade'; in' Kelson, tne goodwill of which -,wjll b > e. r .^*Bjlgn^d. with , the , steamers to^ the Company, and whichiean.be profitably worked izji connection with^&^^^ion^hiu-f. With^Jeivie^;of>eJiaining;tb.^ifc^ and pre Tenting theibreak,mff!np o^. this^qmplete and ; Taluble property, Mr. j. H. Cock has entered into an agreement with Mrs. Symonn for the transfer of all the' said property to the Company at a price, riz., £21,000, far below their actual cost, and upon' which /the average earnings of the concern during even the dull times of recent years ahoyr a return of orer ten per cent interest net profits. The said agreement is printed at the end, hereof for the perusal of intending shareholders, and enumerates the various valuable properties proposed to be transferred to tha Company. The advantages of purchasing a going concern. having a complete staff of efficient offioers.are. too well known to need comment, and by the agreement the Company are to take pos§es»ion, and tte consequent benefit of the profits as from the first day of January, 1880. Mrs. Symons herself agrees to take up SQO 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 working of the concern. The Provisional Directors will hold office until the first annual- meeting of the Company, wkea. they will retire in accordance with the Articles of Assoeiatio*. 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 3c Co., merchants, Nelson, to aoy of whom application for Shares may be made up:to March 20, 1880. AGRE EM EN T . \ ] This Agbeement made this 24th day of January, 1880, betweem Elizabeth Sticons, of Allan, Bank,. tke Downs, Wimbledon, Surrey, England, widow, of the one part, and j JosirHaxarGOMß; Cocxy of the City of Nelson, in the Colony of New Zealand, merchant, hereinafter, called "the said promoter," of the 1 other part : Whereas the said Elizabeth Symons, trading as "Nl'Edward* ala.d;Co.,"' is possessed; of a fleet of steamers known as; the " Anchor Line," belonging. to the Port of. Nelsoni, and trading in Cook's Straita and the West Coast of New Zealand, and of a Foundry known as the.'.*' JLnchjor Foundry," and of a wharf known as the "Albion Wharf," and other property in connection with the foregoing . prepijyse.BjL all ,sjt,uated in the Port of Nelson; and whereas the sajd promoter, instructed by the said Elizabeth, Symons; is desirous of floating a Joint Stock Company to purchase the above-mentioned Steamer,s, : Foiindfyy Wharf,; and Premises from the said Elizabeth Symonsj and to carry : on the trade with... them hitherto carried on by the said Elizabeth Symons, and the said Elizabeth Symons has agreed' to further the ; said object, and for the consideration hereinafter mentioned to transfer the premises to a pompany .sojuqou as it shall be duly registered upon the terms hereinafter mentioned. Now this agreement wittte»«.e.tb. that each of them,, the ; said Elizabeth Symons and the said J. H. Cock, as. such prompter, doth hereby .mutually- agree> the one with the other of; them, in manner following, that is to say— • 1. That the said promoter shall foi clrwith. proceed to form, float, and duly xegister. in New., Zealand ,a \ Joint Stock Company under the " Joint Stock^Companies; A;cj;>" to be; cabled;" The Anchor Steam Shippiuig Company, Limited." 2. The registered office of the said Company shall be in the .said City of Nelson' 1 3. The objects for which the Company is, to be established, shall be the purchase JTrom^the. said Eliz.ab.etk, Symons of the Anchor Line of Steamers, Anchor Foundry, and Albion Wharf, and other property, and the. carrying on of the businesses of shipowners, shipbuilders, engineer*, and general smiths, wharfinger*, and coal merchants, at and from the Port of Nelson; - - - -. . 4. The liability of the members of the said Company BhalJ. be.limited. 5. The capital of the said Company . shall be £25,000, ia,.SQQO, share* of }£5 ■, each, whereof the. said Elizabeth Symons agrees to take up 500 share*. 6. That from the 31st December, 1879, until the complete formation and registration .of the. .said ;Comr, pany, the »aid Elizabeth Symons shall keep the business of the said steawers, foundry, .wharf; and premises" distinct and separate from her other businesses, and shall keep separate accounii of all , the! payment* aad receipt* and transactions thereof. 7. That upon the. complete formation and registration of the said Company, and upon .receiving from, the »aid Company the sum of £21,000 and interest thereon at th»rate of £7 per cent per annum from the 31st December last until payment, the .said Elizabeth Symona »h»ll fpmrey, ansign, and transfer t<? tlie jaid Company the following properties, viaij Four Steamers, caUed tkei "Ckarles Edward," "Kennedy," " Murray," and " Wallaca," and tke hulk "Hera,'.' all of the Pori of Nelson, aridall the jear f fittings, arid appurtenances thereunto belonging; The Lease, dated. 3oth day.^bf May> 1873, from 'the' Cfp^rn to Jbhathan Lirick, subsequently assigned to John Symoms, Esq., late of Nel«om, deceased, of the Albion Wharf, for i 2 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 belonging^ including. the^Telegraph plant, subject to an agreement to employ the said, Jonathan Livick,. as, wharfinger during.the v currency of- the, -sa{4 ; leased at a salary of £240 per annum; The Anchor Foundry, comprising fteefto^^^ having a frontage to the Haven Road of 264 feet, and _ all the. buildings, engihejs,;and" working plant thereinto belonging; The Goodwillof tlie coaling and wharfinger's buflinfe^ heretofore carried o& in connection with the said properties; All the said steamers, foundry, wharf,' arid premises are sold asT they stood on the Ist January, 1880, and as if they had been delivered on that day»- x ' . - 8. The Company shall have the benefit of all the profits made by the said steamers, foundry, and wharf since the 31st December last, and ahaU- pay all tlie ekpenses-aud "outla^v'conne^tfeartheS^OTiih^ including a proportion of the insurance. ' ■"• - 9. The Company shall also forthwith pay to the said Elisabeth Symons-for.all the,.coal, material, and stock-in-trade (other than the working plant) belonging, to the saidjsteamers, foundry, and wharf, according to the valuation thereof made on behaffbf the sdid'lElfiateth 7 'iSytaotit : stoeF-taltinf -about r-'the'-iit day of January, 1880. Provided that if tha said promoter jjhall not float and retf tierihe »aid Company b.efore the, 80th June, 1880, this agreement; shall thereupon^ beepme. null and Tpid. Iw "WiTKiss whereof the Hon. N. Edwards, acting under and by virtue of a power of attorney, dated the 21st day of May, 1879, under, thft bAnd afldj'SeaA-eO^s.^ hereunto subscribed the name of the said Elizabeth Sywons, nod the said *JqU» IJoßej'wmb'Coo'k iJWftiao