Page 3 Advertisements Column 1

Poverty Bay Standard, Volume II, Issue 113, 13 December 1873, Page 3

AUCKLAND STEAM PACKEI COMPANY (LixiTlD.) Capital : £50,000 in 5,000 Shares of £lO each j £4 paid np on 3,213 Shares, leaving i 1,787 unallotted now held by i * the Company. Directort: William C. Daldy, (Chairman), John S. M'Farlane, T. Morrin, T. Russell, J. Y. Stevenson, (of Archibald, Clark & Son.) At a meeting of Shareholders of the above Company held on Monday, November 3, it was unanimously resolved that the Directors be instructed to offer the unallotted shares to the public at a premium of ten shillings per share, or £4> 10s to enable the Directors to purchase two or three steamers suitable for the Coasting and Island trade of this Port. The Directors of the Auckland Steam Packet Company have, with inferior and unsuitable boats, small capital, and bad times at our mines, been successful, and could have previously paid dividends. They have now paid a dividend of 10 per cent, for half year ending October 31,1873, and with every prospect of continuing to do so. Having sold the Comerang and Royal Alfred, the Directors desire to extend the Company’s operations with better and more suitable boats, and invite the public to enable them to carry out this

object by subscribing £B,OOO more capital by taking up the unallotted shares. In accordance with the above resolution applieations for shares will be received until noon December 31st, at the office of the Company, or through the Company’s agents at Gisborne and Napier. The Directors especially invite the co-operation of the inhabitants of Gisborne in this undertaking as it is the intention of the Company to put on a steamer of sufficiently light draught to enter the Turanganui Eiver and to run her between Auckland, Gisborne, and Napier, as soon as it is possible ; the steamer to make as many trips as she is able to do in the month, thus keeping up a regular steam communication between the above ports and Auckland.

After payment of dividends, and interest on overdraft, and writing off a large sum for depreciation, nett profits in 18 months since the Company was started, are £5,864 6s 6d, or 45’6 per cent, on the paid up capital, and 50 6 per cent, for the same period without including the dividend.

There are several aspects of this Company to which the Directors invite attention—

1. It will pay good interest for capital invested as shown above. 2. Good Steam Communication will largely benefit the commerce and trade of the Province. Should a sufficient number of the unallotted shares now offered to the public not be taken up so as to enable the Directors to purchase two steamers suitable for the Coasting and Island trade the deposits will be returned on application. W. LODDER, Manager.

OSMOND BAKEBY. T. DUNCAN "DEGS to inform the inhabitants of Ormond and surrounding districts, that he is in a position to supply them with Bread, Biscuits, and Fancy Goods at Gisborne prices. All orders punctually attended to. CATTLE AND BAMS!! SALE BY AUCTION. FTIHE undersigned has received instructions to _ offer by Public Auction on Saturday, 27th instant, at Dalziell’s Yards, Makaraka, at 12 o’clock, O Head of well-bred CATTLE, parO ticulars of which will appear on Wednesday. And at 3 o’clock, Superior Lincoln RAMS, bred by •tfu Messrs. Hill and Douglas. W. S. GREENE, Auctioneer.

Cherries,! Cherries!! CHEBBIES ! ! ! For SALE at gAMUEL STEVENSON’S Gisbornk.

The Napier TeZeyrapA says :—lt is commonly reported in the East Coast district, that a gentleman connected with the Napier press intends contesting the seat for the East Coast in the General Assembly, in opposition to Mr. Kelly. Our informant states — we cannot state on what authority—that a gentleman connected with the Government, in a responsible position, has been canvassing the Maoris recently on his behalf The Government has arranged with the New Zealand Steam Shipping Company for the Phoebe to take the New Zealand mails to Sydney to connect with the M'Gregor, the first outward vessel under the new San Francisco contract. No inner mail will be received in New Zealand until the M'Gregor returns from TTrisco.