Page 2 Advertisements Column 4

New Zealand Spectator and Cook's Strait Guardian, Volume VIII, Issue 657, 19 November 1851, Page 2

,'“ sa ™V I,e means of conveyance. Earlv L ‘he I «e ssnry . *«*«%*s November 15. 1851. * LUAM Ba w’, S J Ea > M 70 tons register, about ♦ ooutn Wales, of nr t ln Ne» water, and well found in every re ** ,1 For further particulars apply to n on board, or to » h y ro Captain Exchange, Wellington, ™ UNE & Hustf, November 14, 1851. Steam Navigation . A T a Public Meeting held at „ . ealand - A 15th of October, for the son ’ on fl >« cussing the propriety of taking inCS*! “disfor establishing Steam-conHnunSj ? Bte Ps the different Ports of New Zeafift Ween Stafford, Esq., in the chair, it was J’ D. Sclanders, Esq., seconded bv W° w Sed,, J r.sq., and carried unanimously— ’ “That a Committee of seven persons win.. to their number, be appointed to draw the establishment of a Steam Navigationjv° spwtD sfor that Messrs. Stephens, Sclanders, Wrev WJ'.ani Travers, and Elliott, do form such PROSPECTUS OF THE NEW ZEALAND NAVIGATION COMPANY SIEAM

The Company is to be established for ih.w pose of facilitating and Drom.-.iirio- <, .incommercial intercourse between Uie°Sff settlements of the colony In consequelS the increasing prosperity of the colony at it is essential that the obstacles which for long a period have existed in effecting con J“ mcations between the various districts shouldt removed as speedily as possible; and the nJ moters of this Company feel assured, thatbL other means can those obstacles be morecer tainly overcome, and the resources ofthecolin nymore rapidly and advantageously developed than oy tne establishment of Steam CommW cation between the several settlements. With these views, they propose that a Companyshall be established, to be called the “New Zealand Steam Navigation Company.” That thep| aee f, ’ r carrying J» n the business of the Compin shall be the Port of Nelson. That theCompae shall consist of persons holding shares at£s each. That the capital of the Company shall h £lo,oowith 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 fl per share, and that not less thai? three month shall elapse between each call. Asuisconfidently expected, however, that the Nelsen Steam Fund will soon be available, and tbit the promoiers have reason to expect thatapro portion of that Fund will be placed at theirdisposal by way of a bonus, it is believed lhatit 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 el the Company- shall be managed by a Board ci Directors in the usual manner. That a n,oportion, 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 Irra 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 otherwises occasion may require. Such are the present purposes of the Company. Its perfect practicability will be apparent on a moment’s reflection, and ofits 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 f limit the liability of the Shareholders. In order to satisfy his Excellency oHy practicability of the undertaking, it is desiraw that persons who may be disposed to takesnaWJ should forward their applications as early » possible; and in order not only to preven* incurring of preliminary expenses, but a 13 0? , the public may be satisfied , fides and respectability of the promoters, 11 1 been resolved that no deposit shall be c» for until so many shares are subscribed lor will be required for the purposes of th® pany, and the views of his Excellency m e . ernor-in-Chief, withrespeetto theincoipm , of the Company-, shall have been ascertaini • In the mean time, the business of the pany will be conducted at the Examtnero i in Nelson. . , The proposition now made will, it 15 be accepted upon the faith of the c‘ ia , ra . those by whom it has been suggested, belief that they will be thus conferring 8 8 boon upon the community •_ (he Application for shares, free of P oat , a ? e . n fi|it form below, to be addressed to the Edito Nelson Examiner. Nelson : — , qf e ani To the Promoters of the New Zealand Navigation CompanyGentlemen, —Be pleased to °ll°t nl , [j Shares in this Company, and I UII ,J on w pay the deposit of 2s. 6d. per Share th J(| to be applied to the geaW soon as the Governor-in-Chiet or ne w ootalshall have signified his intention of moon u ing the Company, and afterwards P amount of the said Shares, and to u jf{l necessary Deeds of Settlement who Yours, &c., (Name). 'Dated (Adtlrewl- ?