Page 4 Advertisements Column 2

Patea Mail, Volume III, Issue 274, 28 November 1877, Page 4

WANGANUI STEAM NAVIGATION COMPANY (Limited). CAPITAL, £30,003. In three thousand Shares at Ten Pounds each, on which it is proposed to call up £3 per Share, as follows, viz;—los on application, and 10s on allotment, after winch monthly calls will be made of not exceeding' As per share. movisio.w.u directors. G. Y. Lethbridge, Esq.; E. XL-Jackson, Esq.; J. (E Sharpe, Esq. ; W. D. Shaw, Esq.; J. L. Stevenson, Esq.; John Anderson, Esq.; A. Barns, Esq., (of Barns and V, ilson); John Duncan, Esq., (of Duncan and York); John Bennie, Esq.; R. C. Earle, Esq.; John Davidson, Esq., (of Seaton and Davidson); J. Jones, Esq.; (of Jones .anti Walker); C. S. Cross, Esq.; James Bain, Esq.; Geo. A, Harley, Esq.; James Duigan, Esq.; James Laird, Esq.; D. Murray, Esq. ; James Brown, Esq,; Joim Baliunce, Esq., M.H.R. DANK EllS. Bank of New Zealand. SOLICITOR. G, 11. Borlase, Esq. BROKER. John IS. Capstick. PROSPECTUS. THE growing want of a local Steam Navigation Company on an extended basis, has become so pressing, that a number of Gentlemen largely interested in the trade and commerce of 'Wanganui and its surrounding district, have decided upon inviting the public to join them in their efforts to provide for the above wants. It will be seen from the list of Provisional Directors, that the promoters are men whose co-operation and support in such an undertaking will go far towards ensuring the large measure of success it is anticipated the Company will achieve. As an advantageous investment, a consideration of (he following facts will clearly demonstrate its honajidcs. It is proposed to purchase the steamers “ St. Hilda” and “ Wbtliabi,” belonging to the “ St. Hilda Steam Navigation Company,” and to keep them in the live slock trade of the port ; and cither to purchase (lie “ S.S. Clyde,” or some suitable Bt<aimer for (ho Manawalu, liangitikoi, and Patea trade. .For t!ie Wellington trade, it is proposed that a steamer capable of carrying lo'J tons of cargo, and a sullicient number of passengers, on a maximum draft of seven feet, at a mean speed of 12 knots, to be procured. It is of the .greatest importance to Wanganui and the surrounding districts, that the live stock trade of the port should be properly provided for, and it is with a view to tins object that tin: proposed purchase of the “ vt. Hilda” and *• Wallabi” has been included in the programme of (his Company, as the vessels in question are, both pvolitabiy employed in carrying stock, and are in every way suited (hereto. Their present owners have such faith in the success of the proposed Wanganui fit earn Navigation Company, that they have sigrrilied their willingness to accept -100 shares as part payment for their vessels. Country settlors wiio are vitally interested in t'ne Jive stock market, are confidently appealed In fur (heir support, as it is of (lie greatest importance to tliem that the means of export should be. permanently secured to this port, Widi respect to the Manawatu, Rangitikei, and Patea trade, there can bo no doubt but that it is of groat importance to the commercial community hero and in the different ports in question, and it is also certain that a good boat will pay in such a trade, especially when it is worked in connection with the southern trade of the Company. Overtures for the pnreliase of the “ F.o. Clyde” will be made, and if unsuccessful, it will remain for the shareholders to decide upon what stops shall betaken to procure a suitable steamer fur the trade in question. The large amount of goods and passengers now' being carried by (lie Wellington .steamers, is quite sullicient in itself to warrant the floating of a local Steam Navigation Company, as it is manifest (lie paying of so much money to outside proprietors, helps to drain ’Wanganui of a very considerable amount of capita), which, if kept in the place, would materially assist its more rapid progress. At present the maritimeintcrcsts of Wanganui arc not as well conserved as they might be, as the Wellington trade is at limes greatly retarded, owing to the insufficient provision made for its requirements, by the outside companies, into whoso hands the monopoly has passed. A locally owned steamer, equal to the requirements of the trade, with good accommodation, capable of making the average passage to Wellington, and vice versa , in eight hours, would prove a great boon to the pub.ic here, and would with the large measure of support already j assured to the Wanganui Sioam Navigation Company, be always profitably employed. The “Wallabi” and “tit. Hilda” by bringing coal as return freight from Westport and C rcymouth, would help to cheapen the cost of working the other steamers, and would, when the Wanganui' Gas Company starts active operations, have an extended market fur their surplus coals. In fact there can bo no doubt but that the Wanganui Steam Navigation Company, if fairly supported, must prove not only a highly profitable investment to its shareholders, but of great benetit to the whole community of Wanganui, and those ports embraced in the circle of iis operations. The public of the West Coast Gold Fields ports are cordially invited to assist in the formation of the Wanganui Fleam Navigation Company, as it is greatly to their advantage to keep open the communication between the stock-producing ports of this Island, and the coal holds of the other, and to keep np that mutual interchange of staple products so necessary to both communities. The promoters in conclusion trust that their efforts to secure for Wanganui the benefits so sure to follow the successful floating of such an undertaking, wilt be largely' seconded by the public generally, as the more extended the interests embraced in the Share list, the greater the measure of success in store for the CompanyEarly application for Shares is invited in order that no time may be lost in commencing bus in c ss. On sufficient shares being called for, a general meeting of shareholders will bo calb d, and all necessary steps for the formation of a Company on a permanent basis discussed and decided upon. Forms of application may be hud on application to Mr John S. Capstick, Broker, Caxton Chambers, Victoria Avenue, Wanganui ; W r . Dale, agent, Carlyle- ; W. A. G. WTnchconibe, Waverley ; and J. fisher, Wnitotara.