Page 3 Advertisements Column 1

New Zealand Spectator and Cook's Strait Guardian, Volume VIII, Issue 653, 5 November 1851, Page 3

Steam Navigation for N ew Zealand. AT a Public Meeting held at Nelson, on the 15th of October, for the purpose of “ discussing the propriety of taking immediate steps for establishing Steam-communication between the different Ports of New Zealand,” E. W. Stafford, Esq., in the chair, it was proposed by D. Sclanders, Esq., seconded by W. Wells, Esq., and carried unanimously—- “ That a Committee of seven persons, with power to add to their number, be appointed to draw up a Prospectus for the establishment of a Steam Navigation Company; and that Messrs. Stephens, Sclanders, Wrey, Frazer, Saxton Travers, and Elliott, do form such Committee." ’ PROSPECTUS OF THE NEW ZEALAND STEAM NAVIGATION COMPANY.

The Company is to be established for the purpose of facilitating and promoting social and commercial intercourse between the different settlements of the colony. In consequence of the increasing prosperity of the colony at large, it is essentia, that the obstacles which for so long a period have existed in effecting communications between the various districts should be removed as speedily as possible; and the promoters of this Company feel assured, that by no othet means can those obstacles be more certainly overcome, and the resourcesjAdie colony more rapidly and than by the establishment of cation between the several settlemlMP With these views, they propose that a shall be established, to be called the “ New Zealand Steam Navigation Company.” That the place for carrying on the business of the Company shall be the Port of Nelson. That the Company shall consist of persons holding shares at £5 each. That the capital of the Company shall be £lO,OOO, with power to increase it to £20,000 by means of additional shares. That the deposit on each share, to meet preliminary expenses, shall be 2s. 6d. That no call shall exceed £1 per share, and that not less than three months shall elapse between each call. As it is confidently expected, however, that the Nelson Steam Fund will soon be available, and that the promoters have reason to expect that a pro portion of that Fund will be placed at their disposal by way of a bonus, it is believed that it will not be necessary to call up the entire amount of capital; but the periods stated for making the calls have been fixed with a view to avoid any risks from delay in the receipt of those Funds by the Board of Trustees. That the affairs of the Company shall be managed by a Board of Directors in the usual manner. That a proportion, not exceeding of the whole annual profits of the undertaking, shall be appropriated as a Reserve Fund, to be applied in extending and increasing the business of the Company. It is contemplated that, in the first instance, a regular communication between all the settlements shall be established by means of one Iron Steamer not exceeding 250 tons burden, on the screw-propeller principle; and that a smaller similar" Vessel not exceeding 60 tons burden, shall be employed as a tender, and otherwise as occasion may require. Such are the present purposes of the Company. Its perfect practicability will be apparent on a moment’s reflection, and of its ultimately securing a large and profitable business no doubt can be entertained. Should the proposal of the promoters meet with support, it is intended to make application to his Excellency the Governor-in-Chief to incorporate the Company by Charter, so as to limit the liability of the Shareholders. In order to satisfy his Excellency of the practicability of the undertaking, it is desirable that persons who may be disposed to take shares should forward their applications as early as possible; and in order not only to prevent the incurring of preliminary expenses, but also that the public may be satisfied both of the bona fides and respectability of the promoters, it has been resolved that no deposit shall be called for until so many shares are subscribed for as will be required for the purposes of the Company, and the views of his Excellency the Gov-ernor-in-Chief, withrespectto the incorporation of the Company, shall have been ascertained. In the mean time, the business of the Company will be conducted at the Examiner office, in Nelson. The proposition now made will, it is hoped, be accepted upon the faith of the character of those Lv whom it has been suggested, in the belief that they will be thus conferring a great boon upon the community. Application for shares, free of postage in the form below, to be addressed to the Editor of the Nelson Examiner, Nelson :— To the Promoters of the New Zealand Steam Navigation Company. Gentlemen, —Be pleased to allot me Shares in this Company, and I undertake to pay the deposit of 2s. 6d. per Share thereon, to to be applied to the preliminary expenses, so soon as the Governor-m-Chief of New Zealand shall have signified his intention of incorporating the Company, and afterwards to pay the amount of the said Shares, and to execute all necessary Deeds of Settlement when required. Yours, &c., (Name). Dated (Address). FOR SYDNEY DIRECT, And will meet with immediate dispatch, FJIHE Fine Fast Sailing Packet JL Brigantine WILLIAM ALFRED, 150 tons register, coppered and copper fastened, Thomas Tinley, Commander. Having the greater part of her cargo engaged, she will sail as above. For Freight or Passage, having very superior accommodation for Cabin and Fore Cabin Passengers, apply to William Hickson & Co. Wellington, Ist November, 1851.