Page 3 Advertisements Column 6

Thames Star, Volume XII, Issue 4016, 11 November 1881, Page 3

Prospectus tive countr.t, and that tbe valleys of the Pisko, Waitna, an .1 Thumbs are lately eefclled and Blocked (and by the time the line is open m >y h>' rx . etrd to be fully bo), looking al»o to iho «rlie"uie for the settlement of tbe Patetere country, the Provisional Directors think tlie comparison a fair. one. The latest returns of the Faipara Te Awatnutu Eailway show a net rJvonue of £193 per mile per annum. This would give on the first section of 38 mile*, a net revenue of £7334, or 7J J per cent, on £100,000. Estimating the I revenue for the first year's working at only I one half of the Kaipara Waikatoline, 3| per • cent, will bs obtained, leaving only 3 $ per cent, I to be made up by the District Rate and Go- ! vernraent contribution, or.a little over 2£ per ) cent, and under 1 per cent, respectively. For these reasons, and for others too numerous to mention, the Provisional Direotora feel fully justified in recommending the undertaking to the Dublic as a work of notional us well as local importance. As an investment of capital, it will be directly remunerative, and they confidently expect the hearty support of the people of Auckland, both town and country, in a work, which cannot fail, immediately on its completion, to arid, as no one undertaking has added before, to the population, production, and the import and export trade of the whole Provincial District. The Nominal Capital of tbe Company is propose;] t/> be fixed at £400,000, in 400,000 Shares of £1 each. Tbe first issue of shares to be 200,000 on which it is not intended to call up mo c than 10s per Share, and in is anticipated that 5s per share will suffice as paid-up capital for the fir-t section of the Railway, because it is proposed to exercise the borrow* ing powers conferred by the Acts. On the prosecution of the second section, it wiil be a question whether to issue more Shares, or make further calls on those already issued. The payments on the first issue to be Is on application; and the balance by Galls of Is each, at intervals of not lees than two month*. Applications for Shares to be made to the Sesretary, Shonland street, or through authorised ugents. 70,000 Shares have already been taken by 32 subscribers, inamounts not less than 1000. As it is anticipated that the whole of the Shares will be rapidy taken up, early application will be necessary. Priority of applioa* tion will be a factor in the allotment of shares by the Directory. No application will be received for less than 20 Snares.

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