THAMES VALLEY COMPANY

Te Aroha News, Volume I, Issue 52, 31 May 1884, Page 7

THAMES VALLEY COMPANY

This following is a precis of theatre ment re the Tlia-ue Vail \y Bailw.iy foruurdjd by Mr RiUo, of London, to his son in Auckland for signature, and proves that the syndicate which Mr Kitso represents men-is buflinecti. :— •• On behalf of myself mid friend- I a^ree and malrrtakc to form a company to take over a con tr.ift with the Government of Npw Zealand for the acquisition and construction of tho Thames Valley Bail way in th.tt colony, about thirty-four miles in length from Kopn to Te Aroha, and which contract shall include the free acquisition and transfer to myself and fiiends, or to tho proposed company of that portion of the railway alicmly consu < iu > t"d by tho Government b -twuen GralmHwtown and Kopu, and to ruitfa iunds not oxcoedin^ in the whole thoHiunof pounds (£ ), wither by i-»Mie of shares, moi-tgage dub •uLuze l»ouds, or otherwise as ma,\ W deumed by me advisable for the pin po.;e ol' cairying out such contract in accordance with the Railways Construction urnl Land Act, 1881, and Amendment Acts. Itf83, of New Zealand, you undertaking to obtain the required authority of the Governor oJ: the Colony co.niirming the construction of the railway und the acquisition of the lands to bo allocated, it bein»' uncUfttood that under, the provisioiiH of lhoi-.e Acts the G ivernment &runt n subsidy in land to the equivalent value of thiity (BO) pv' 1 ' ceflt ' ou the cost of thy railway, calculated at- a. coat of live thousand ponndi? per mile so soon as the said contract lias Uhcu trans-, fetrrtdto you;ou, account of- niysolf aud fri/ud.s, or to the Company. The : said land ; to-be value*} lit a - present ,,pHo4^nj)l> ox, Uiu,v l-^o]^

situation the numedmiei locality of the railway ,«W cuBc u8 "naar .therato :* the pnrt*. coloured green on the map annexed will render available. The, .remuneration payable to youm< and to those engaged in the un.lerta'nng in' New Zealand to be theMimoP pounds, which .urn is to include the acquisition and tmn«fer to myself and XrUndd, or the proposed comnany, of that portion of the wlwnv already conHtrupted from Graluunstown to Kopn, and to be puid in fully paid up shares of the company, such shaivs t<» I>r issued to you or your nominees within three monlh-s after tho firat allotment of .shares is inaiie by the company, and I further agree, on belmlf of the proposed company, that the sum ««••♦•• V,'' '•'; nn ,, n jj fit ) in cash shall De paid to you or your nominees out ot the hnrt monies received by the said company for the expenses of a survey for a judicious selection of the lands to he allocated. It is further understood that estimates ot competent engineers, 1 accompanied by working plans and section*, tv well as tenders fioin responsible New Zoahnd contractors, giving anlHcient i?iMrßutue« to insure the due and proper fulfilment of uny contracts undertaken by them ; s»ich tenders are n .t iwcesaarily to he accepted, but shall satisfy me that the construction, equipment, the station*, and all other expenses up to the opening of the railway for traffic shall not exceed the sum o f pounds per miio. This hint stipulation is to be an essential element in this or any arrange aunt with you, and shall be considered as of the essence ot his contract."— Thamea Star.