Page 4 Advertisements Column 3

Nelson Evening Mail, Volume XV, Issue 55, 4 March 1880, Page 4

PRO S P E C T U-S OF §>h gM^kr Jlteam HMjprg dj^mpng, Jftrated,. (To be Registered under the Joint Stock Companies' Acts.) CAPITAL: £25,000; IN 5,000 SHARES OF £5 EA€H. 20s. payable on application, 20s. on allotment, and. the balance in Calls, of 20s. each -at inter Vats .of one month. Provisional Directors : JAMES SCLANDERS, Esq., J.P. PETER DONALD, ESQ., J.P. KOBERT LEVIEN, Esq. C. CANNING, Esq. HENRY HOUNSELL, Esq. E. H. PICKERING Esq. P. COOKE, Esq. W. HADDOW, Esq. Gentral Manager : JOHN HONEYCOMB COCK, Esq. Bankers ; THE NATIONAL BANK OP-NEW ZEALAND. Solicitors: Messrs. ADAMS & KINGDON. 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, Esq., the late sole proprietor of the firm. Upon the opening of the West Coast G-oldfields in IM3 'iftie firm of fry Edwards & Co. started a line of steamers to carry on the trade between Nelson and .Westport, G-reymouth, Hokitika, and-other ports tor the West Coast. The trade proved a lucrative one, and, as occasion demanded, other steamers were bought and added :-to fhe fleet, called by the firm the "Anchor Line," and the Wharf known as -the Albion Whaix? was bought, and .-a large store and om'ce were built there; oto to carry on the business of -the, said steamers, and subsequently tne Pouridry; known as the Anchor FodndrV was erected upon two freehold acres fronting a part of the beach near the Albion Wharf, where "the vessels can be laid up, for repairs within a few feet of the Foundry, and the said Foundry was fitted up with the latest machinery and. tools requisite for building and repairing steamers and "carrying on a general boilermaker and smith's trade. The present trade 3)f 'the "Anchor Line" extends to Wellington, Wanganui, and Blenheim, axid almost the entire WeSt Coast trade has long been, and is now being, conducted by the line. The Port of iTelgon Being situated midway between these ports enables the steamers tb.be worked to the g l reiatest advati tagie from Nelson. The, steamers have recently been insured in! London to the extent of £12,700 aib a low, premium. The steamers 'Coal themselves at Greymouth, ' and thereby obtain a return cargo, which enables their owners to carry on a considerable coal trade in Nelson, the goodwill of which willbe assigned' with the steamers to the Company,, and which can be profitably worked in connection with the Albion Wharf. , , W>ith the vie;w o£. retaining the trade in . Nelson, and preventing the breaking up of this complete and valuble property, Mr. J.H.Cock has entered into an agreement with Mrs. Symons for the transfer of all the said property to the Company at a price, viz., £21,000, far below their actual cost, and upon which the average earnings of the concern during even the dull times of recent 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 shareholders, 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 the agreement the Company are to take possession, aud the consequent benefit of the profits as from the first day of Januai-y, 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 an additional guarantee for the efficient working of the concern. The Provisional Directors will bold 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 Bunk of New Zealand and from Messrs. J. H. Cock & Co., tnercktaits, Nelson, to any of whom, application for Shares may be made up to March 20, 1880. : i - I. - — ■■ ■ — — AGREEMENT. This Agreement made this 24th' day of January, 1880, between Elizabeth Symons, of Allan. Bank, the Downs, Wimbledon, Surrey, England, widow, of the one part, and 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. Symons, trading as "N. Edwards 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," aud 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 abbve-mehtioued - -Steamers, Foundry, Wharf, and Premises from the said Elizabeth Symons, and to carry on the trade with tlkem hitherto carried on by:the said Elizabeth Symons, and the said E'izabeth Symons has agreed to further the said. object, and for. the consideration hereinafter mentioned to transfer the premises to a Company so soon as it shall be duly registered upon the terms hereinafter mentioned. Now this agreement witnesseth tliiat each of them, the said Elizabeth Symons and the said J. IT. Cock, as such promoter, doth hereby mutually agrees the one with the other of them, in manner following, that is to say— •• l.That the said promoter sliail for rhwith proceed to form, float,, and duly, register in -New Zealand a Joint S(.oek Company uuder the "Joint Stock Companies Acfc," to be called "The Anchor Steam- Shipping Company, Limited." 2. The registered office 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' the said Elizabeth .Symons- of the' Anchor Line of Steamers, Anchor Foundry, aud Albion Wharf, and other property, and the carrying- on of .the businesses of shipowners, shipbuilders, engineers, and general smiths, wharfingers, and . coal merchants, at and irom the Port of Nelson. 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 5000 shares of £5 each, whereof the said Elizabeth Symons agrees to take up 500 shares. 6. That from the 31st December, 1879, until the' coimpJete formation and registration of the said Company, the said Elizabeth Symons shall keep the business of the said steamers, foundry, wharf, ancLpremises distinct and /separate i'roni her other businesses, and shall keep separate accounts of all the payments and receipts and transactions fjhereof. 7. That upon the complete formation and registration of tho,said Company,- and upon- receiving from ; the said Company the sum.) of £21,000 and interest thereon .at tlie rate of £7 percent per «nnojn from the 31st December last until payment, the said Elizabeth Bymohs shalb convey, ass'gn^ and transfer "to : the said Company the. following properties, viz., Four Steamers,, 'called the "Charles >r Edward," "'Kennedy," "'Muri-ay,"' ; and "Wallace," and the h^lk " Hera," all of the Port of Nelson, -and all the gear, fittings, and i. appurtenances thereunto belonging; The Lease, dated 30th day-of May; 1873, from the Crown io Jonathan Livick, subsequently assigned io John Symons, EBq., Ja u e of Nelson, deceased, of the' Albion' Wharf, for 12 years, from. the Ist day of January, 1873/at'the, yearly rent of i£Bo, paid up to the Ist day of January, 1880, fed 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 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 birildings, eirgi^es," and plant thereunto belonging; The Goodwill of the coaling and wharfinger's buSin6sS'\heretdfbre' \Catfrie<l\ on in\ connection with the said properties; All the said steamers, foundry, wharf, and^pre ! m ! i'seS'are.sdld: v "as.ili*ey the Ist January, 1880, and as if they had been delivered on that day. 8. The Company shall have the benefit of all the profits made 'said teteainers, foundryjiand wharf since the 31st December last, and shall pay "all the expenses and ' oullayStconiiisctod ".therewith, -'including a proportion, of the insurance. 9. The Company shall also forthwith pay to the said Elizabeth I 'Symo^ajfor vail" the coal, material; and stock-in-trade (other than the working plant) belonging to the said gtedtti^fS^b^ndiy;^ and%harf^aJQbording to the valuation thereof made on behalf of the said Elizabeth Synlcm3'%fciHHes%t^^ day of January, 1880. ' . ' * , ! Provided that if the said promoter shall not, float and register!;thevsaid Company^befbre'tfhe^ 30th June, 1880, this agreement shall thereupon become nulband void. In witness whereof the Hon; N. Edwards, acting under and by virtue of a power of 1 attorney; dated the 21st day of May, 1879, under the- hand and seal of the said ' Elizabeth Symons, has, hereunto subscribed the name of the said Elizabeth Symons, and the said John Honeycomb Cock has also hereunto subscribed his name, the day, and year first before written.