THE AUSTRALIAN DIRECT STEAM NAVIGATION COMPANY, VIA PANAMA.

New Zealander, Volume 9, Issue 741, 21 May 1853, Page 3

THE AUSTRALIAN DIRECT STEAM NAVIGATION COMPANY, VIA PANAMA.

(Fiom (he “ ! iims ’ January 11.) Provisionally rcaislered, Capital 1,000,000/, in 40,000 .shares of 25/. each, with power lo increase (he same lu the extent allowed hy (he Rerislrar of Joint Stock Companies. Deposit 2/. per share. A portion of (he shares is intended (o be reserved for (he Australian colonies.

it is intended In apply for a Charter of Incorporalion, or an Act of Parliament, limiting the liahili i s of the shareholders to the amount subsc.ibed.

Chairman pro fern. Sir John Campbell, 10, Harley-strcct, Cavendish square. Directors.—George Barber, Esq,, (of the firm of Barber, and Barker,) 00, Mark-lane ; Captain Thomas Bulkeiey, Clewcr Lodge, M imlsor, I), red or of the Great Western Railway Company ; John Gilmore, Esq., 10, George-)ard, Lombard-street; Captain Andrew Snape Hamoiul, U.N., Freshwater, Isle of Wight; George Herring, Esq., (of the firm of G. and A. Gening and C 0.,) 12, Old Broad street, James J. Macintyre, Esq., Sydenham Park,late merchant in Mexico and Sydney; Arundel Mackenzie, Esq., Lombard-Street; Henry Simonds, Esq., Beading, Director of the Great Western Railway ; (with power to add to their number.) Director of Nautical Department— Captain Andrew Snape Hamond, 11. N., Freshwater, Isle of Wight. . Consulting Engineer— Alexander Gordon, Esq., M. Inst. C.E", 22, Fludyer-slreet, Westminster. Bankers —Messrs. Prescott, Grove, Cave, and Cave, Threadneedle-slrect. Solicitors —Messrs. Maples, Maples, and Pearse, Frcdcrick’s-place, Old Jewry. Brokers —Messrs. Mullens, Marshall, and Da nicll, 3, Lombard-street ; Messrs. Robins and Barber, 2f>, Tbfeadhccdle-strect.

Secretary pro tern. —Archibald Dunlop, Esq. Temporary offices —G, Frederick’s-place, Old Jewry. Tiie object of (his Company is to meet the urgent requirement for accommodation caused by the increasing tide of emigration to Australia, (he transmission of specie, and the growing importance of the Australian colonies, by the establishment of a direct and more expeditious line than any that at present exists, \ia the Isthmus of Panama, where the railroad now in (he course of construction will, it is. couiidcnlly ox peeled, he completed next September. For Ihis purpose it is proposed to construct steamships of adequate capacity and power, combining ail the imj jmoments in their hull and machinery which >kiU amt science can effect. These will at s!a!e;i periods os 1 direct to Chagres, whence 1. car go and pass* n ;.rs will he conveyed by railroad to Panama. to be embarked on hoard another o: the. » e npaiij s ships, in vradin. ss to convey fh.-ni dney and Port Phillip, coaling a! Ota!* " other COli\ anient sl.r'iitil, a, . r r, ,;g: • w hole distance whether to wlrom Engle u - <ouloO da v s. Though tiro route of Panama. . . ■ > offers ■lie most rapid naans.o! r■■ ■ • *o , aha in the manner propo-ed. ;> dmn ol this Company to nml m. . should a more desiraide m ; ■ .cross any oilier section of Cenltui or ' i.e hereafter established. The Directors thir d it 11 meress ry to advert to lire extraordinary incr o g -neral traffic that has sprung u; w borer er ; '■ 'per facilities of intercourse by steam ha.e b.-err given, or to dwell upon (hose well-known statistical fads relative to the growing traffic between the mother country, the Australiaucolnnies. and lire Pacific generally, and the important accession to he anticipated to their projvCled line, ol passengers, specie, and freight, coming from the west coast of South America and Ca Hernia, as also from I lie line now being established between Panama and China. But they coulidesPly assert their belief (hat this will he a good and mnurierativccmnmercial enterprise, whilst in the calculations they have made as to results, based upon approved data, it is fully expected a liberal dividend will be ensured to the shareholders, and a margin left for the creation of a resened fund, in order to maintain and to perpetuate the slock of the

Company. fkaring out these views, (he attention of (he public is respccSfully called lo the subjoined extracts from a Idler of an experienced Naval Officer (o The Times, dalcd November 28, 1800, and to (he remarks of that powerful journal on the importance of his suggestions. “•'The navigation from Suez to Ceylon is, of course, already well known. That from Point de dalle to Swan 'liver is open lo this objection, viz., the frequency of hurricanes, which at certain seasons sweep over the Indian Ocean, between the Isle of France and the W esl side of New South Wales, with frightful violence, and through which, as ! can testify from experience, numbers of our finest ships have at various limes suffered serious damage, while not a few have been totally lost.

“ From Swan Stiver to King George's Sound and Adelaide, and, indeed, along the whole southern coast of New South Wales, violent winds almost constantly prevail from the westward, causing a prodigious sea lo arise, which nearly precludes any navigation in that direction, and which, 1 am of opinion, would be found a cause not only of frequent irregularities in (lie arrivals and departures ol (lie vessels between those ports, but of annoyance and discomfmt of the passengers. “Thai by (lie Cane of Good Hop?, which at preset I .t forms the ordinary mode of transit. “ The principal dm! indeed only objections that 1 know of are the high seas ami boisterous weather, which are the alum.-d coa-lant attendants upon those big’s latitudes between the Cape of Good Hope and S\d;..-y, 1 he gm s oi wind nearly without any variation (lirouraouf the veer, horn A W. to S. W.. rentier toe return passage Us ‘ween thus.-’ ports ,ma of v-cry great uneeihoniy, and prove w of exceeding d Acorn ion io e\ cry lv. i : on hj rd, whin, in spile of the tie- e -■• and nest nautical skill, the - , s'other cam-* quent dei . s and iingi laiith in Uk i’he last line lo be exao • *s that by the isthmus «>l Panama *• Throughout (he eotir* of this rout s across (he vast Pacific u-v ■ » c-unat and returning between Pan" • Zealand, aid Sidney, (in- weathei -o ; • . as. and a pleasant temperature. dm < e -rj viicre prevail; and the trade win s. g :iern.:> s,,oaring, blow willi such gentle force and constant regularity, (hat a seaman'acquainted with them is enabled, oven at the present lime, to shape his course (coin port to port with certainly and confidence, thereby enabling him. even without the advantage of steam, lo calculate upon ins arrival willi accuracy and precision. •• in * looking upon the advantage of establishing a lliie of steam communication to New South Wales by the Panama route, the im; orient point must not be overlooked of its being a resource, in the event of any interruption lo our communication with India by the Isthmus of Suez: a point, indeed, which I consider ought to form matter of (he higaest consideration.

The distance by litis line is likewise a consideration. il is shorter (ban liial by any of Lite others, being only 12 G9O miles.” Extract from (he Times of Wednesday, December 11, 1850. —“The letter in the 7 ones to-day on the various steam routes to Australia lias attracted attention from the practical nature of its statements, il lends to confirm all the arguments that have lately been pul forward with regard to (he complete superiority of the western line from Panama to Sydney and has increased the unfavourable feeling with which the leading persons interested in the welfare of Australia have been regarded the strange want of decision shown by the Government on this important question. While the attention of the whole world is turned to the Pacific Ocean, and to the \ast commercial benefits that are destined to arise from the extension of cnlciprise in that direction, the sole oeject with out ministers seems to have been to carry the route through (lie Indian Seas (where (he dc\e!opmenl of our traffic calls for no extraneous aid), at an alleged additional cost as compared with i (he Pacific route of at least 12 days in time and I JOG per cent, in the charges for freight and pas- | sa g Ci besides unnecessary risk and inconvenience/’ The Directors beg to add, that they have the strongest expressed support in this undeitaking j of many eminent firms in London, Manchester, and Glasgow, and throughout the manufacturing districts, who arc connected with the Australian, i South American, or China trade. Should sufficient capital for the intended purI poses of the Company not be subscribed tor, : the amount paid as deposit will be returned, I less the preliminary expenses. { Application for shares to be made to the Secretary, at (he Company's temporary offices, (>, Frcdcrick s-piace, Old Jewry Messrs. Mullens, Marshall, and D#oielL 5, Lombard- treei or to Messrs, tvobins and Harbor, 29, Thread' f needle-street, London.