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Oamaru Mail, Volume III, Issue 795, 29 October 1878, Page 1 (Supplement)

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bfBBVBVBVBVBVBVBVJiMi.TED. 7<B_B_B_B_B_B_B_BH,orH). 'i - on ap- ! ; i § lAYbYbYbYbYbYB 111 ""^ I LI AwAyAwAVjStcam .Ship Company of ! mbbbbbbYi of Crown and Larnivch's New I MV_B_B_B_WJ ,nd FacJ /BBBBBBBBB^Lvis, ' li Holmes. A. Mackenzie. - :„ promoted with the view 'the *nvt and increasing want ck on the Government railways. 1-known fact that, ever since the this island have been opened, f trucks has been quite lnsulhnceds of the system; and as : extended, and the traffic 111~vil is becoming more and more js using tho railways for the of goods, grain, minerals, Sc, y suffered more or less mconI loss from this cause, and will ;lo so even more severely, unlesss ;en at once to remedy this state lie Government roiling stock is •tasked, and with the completion line between Christchurch and and the branch lines now in nstruction, will be still more so ; lite certain that, owing to the jditure necessary to complete the font being constructed, the promt of the various lines with rollill be even more neglected in the i been an inclination on the part sil» to attempt to supply their ts by providing their own trucks, 0 result, as the. matter is one nly he satisfactorily dealt with ijflne of business. L same state of affairs has.been in England, the capital of the ipanies has proved insufficient to pVoper supply of rolling stock in and individuals have been unable jut the dofeci. Consequently, a ,er of Waggon have d, which are now tending to enclass of business into their own hj, in nearly all cases, very satisM"- ... -iii i.i ent Company is intended by tke Diroctori to ooonpy exactly the on as thd English Waggon Coin,w project'ias been submitted to, wilful inwstigation, approved of W'-mnon/ and in order to otter J:>\ -isi'tfimcieiit inducement to tins necessary work, it has been iter the rates of freight, so that •d in tho Company's waggons will a rebate equal' to one penny per r mile. The above rebate has for a period of five years, but 1 iovernment not bo., willing to exy are to purchase the-waggons of ly at their then value, less of the Company will be the ' railway anil tramway rolling very description, and selling or shmio to the Government, private lpanica, mineral companies, grain and others, ts made by companies engaged in - .<«•.-> of business In England are very largo, A statement extracted from Financial Opinion, of May, 1870, is appended, showing the value of shares in a number of these tcom panics, and the dividends paid by them j jhavc ranged from 9 to 20 per cent. j In the present case the above rebate would j<enable the Company to let out their waggons jn such terms as would yield a handsome' [profit to the shareholders, and the hirer could in all cases depend on a regular supply, and would have the right /to unload when convenient to himself, without liability for RAoimirrago. ' H The following caleuliation will show the Krolits to bo derived (from the operations of ■lie Company :■— / Billowing sixty milesj' as the average weekly Wt mileage of a ivJaggon (a very low. estil| mate), the Go' .eminent rebate on a fiveI) ton wa . tT SM I T would amount to five shiland a further sum of thus week BBBBBBBBBBBBBBBBMi taken be BBBBBBBBBBBBBBBBBB\ntenthe