Page 4 Advertisements Column 2

Patea Mail, Volume III, Issue 278, 12 December 1877, Page 4

WANGANUI STEAM NAVIGATION COMPANY (Limited). CAPITAL, £30,000. In three thousand Shares at Ten Pounds each, on which it is ..proposed to call up £5 per Share, as. viz:—los on application, and K)s on allotment, after which monthly calls will be made of not exceeding 5s per share. provisional directors. G. Y. Lethbridge, Esq.; F. R. Jackson, Esq.; J. G, Sharpe, Esq. ; W. D. Shaw, Esq.; J. L. Stevenson, Esq.; John Anderson, Esq.; A. Barns, Esq., (of Barns and Wilson); 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 and Walker); C. S. Cross, Esq.; James Bain, Esq.; Geo. A. Hurley, Esq.; James Duigan, Esq.; James Laird, Esq.; D. Murray, Esq. ; James Brown, Esq,; John BalJance, Esq., M.H.R. BANKERS. Bank of New Zealand. SOLICITOR. C. H. Borlase, Esq. BROKER. John S. 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 Provisi-

onal 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 the following-fads will clearly demonstrate its dona fides. It is proposed to purchase the steamers “ St. Kilda” and “ Wallabi,” belonging to the “ St. KildaStcam Navigation Company,” and to keep them in the live stock trade of the port ; and either to purchase the “ S.S. Clyde,” or some suitable steamer for the Manawatu, llangitikei, and i’atca trade. For the Wellington trade, it is proposed that a steamer capable of carrying- 150 tons of cargo, and a sufficient number of passengers, on a maximum draft of seven feet, at a mean speed of 12 knots, to bo 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 this object that the proposed purchase of the “ St. Kilda” and “ Wallabi” has been included in the programme of this Company, as the vessels in question are both profitably employed in carrying stock, and are in every way suited thereto. Their present owners have such faith in the success of the proposed Wanganui Steam Navigation Company, that they have signified their willingness to accept 400 shares as part payment for their vessels. Country settlers who arc vitally interested in the live slock market, are confidently appealed to for their support, as iris of the greatest importance to them that the means of export should be permanently secured to this port. With respect to the Manawatu, llangitikei, and Patea trade, there can be no doubt but that it is of groat importance to the commercial community here 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 purchase of the “ S.S. Clyde” will be made, and if unsuccessful, it will remain for the shareholders to decide upon what steps shall be taken to procure a suitable steamer for the trade in question. The large amount of goods and passengers now being carried by the Wellington steamers, is quite sufficient in itself to warrant the floating of a local Steam Navigation Company, as it is manifest the paying of so much money to outside proprietors, helps to drain 'Wanganui of a very considerable amount o£ capital, which, if kept in the place, would materially assist its more rapid progress. At present the maritimeinterests of Wanganui are not'as -well conserved as they might be, aa the Wellington trade is at times greatly retarded, owing to the insufficient provision made for its requirements, by the outside companies, into whose 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 public here, and would with the large measure of support already assured to the Wanganui Steam Navigation Company, be always profitably employed. The “Wallabi” and “St. Kilda” by bringingcoal as return freight from Westport and Greymouth, 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 for their surplus coals. In fact there can be 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 benefit to the whole community of Wanganui, and those ports embraced in the circle of its operations. The public of the 'West Coast Gold Fields ports are cordially invited to assist in the formation of the Wanganui Steam 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 fields of the other, and to keep up 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, will be largely seconded by the public generally, as Ihc more extended the interests embraced in the Share list, the greater the measure of success in store for the Company. Early application for Shares is invited in order that no time may be lost in commencing business. On sufficient shares being called for, a general meeting of shareholders will be called, and all necessary steps for the formation of a Company on a permanent basis discussed and decided upon. Forms of application may be had on application to Mr John S. Capstick, Broker, Caxton Chambers, Victoria Avenue, Wanganui ; W. Dale, agent, Carlyle ; W. A. C. Winchcorabe, Waverley ; and J, Fisher, Waitotara.