Page 4 Advertisements Column 1

Thames Star, Volume XII, Issue 4043, 13 December 1881, Page 4

Froßpaotiit * ' " """! mHAM ES -V-A-L^-Y-AN-D KOTO 1 KUA RAILWAY COMPANY (LIMITED). Nominal Capital, £400,000, in 400,000. /:; lv.\ ;-:SkAßEs,:oFi£l^oH;3>lOO§: PkOVISIONAI. DiBIfdEOBS Hi Hon. James Williamson, Chairman. 3. L. Campbell, Esq., TMLJi.(}:: l,\ ; 1;! i iVD.;Rioh, Eeq» Wm. Crush Daldy,Esq. E. F. Boohe, Eeq. Jai.McCdohClarlr.Esq. Thos.: Peacock, Esq. Bobcrt Graham, Ksq. K. B. Walker, Esq. J»mei Dilwortb, Eeq. Wiu. AUten, Esq; Oeorge Holdship, Spq. Nga Huruhnru , Joseph Howard, Esq. Petera Pukuatua John Wilson, Esq. Henere Pukuatua Thos. Morrin, Esq. Kotohiko Haupapa Wm.lnnesTaylor,E?q.W. Maibi Te Eangikaheke O. J. Stone, E?q. Arekatera Te Wera A. W.P.Halcombe.Esq.Era Paimoi Bankbbss Bank of New Zoaland, SoLiciroßSs Meaers Jackeon and Russell, Fort street, Auckland. Eugineek: J."Stewart, Fsq., M. Inst. C.E,, late District . , Engineer. INTBBIK SICBETABY : Jas. Stewart, Esq., C.E. The proposed railway will te about seventy four miles in length, and commences at a point on the Hamilton-Thames Bailway, near the town of Morrinsville. From thie point it runs southward through the centre of the great Talley of the Upper Thames, by a very e«»y route, for a distance, of thirty-five milps j it then mounts to the wooded plateau,which divides the Upper Thames and Tauranga districts; from this it descends, by an eai>y route, to its terminus at the town of Ohinemutu, making a further distance of thirty? nine ffiilee. , This completes an uobrokpn chain of railway communication .between the city of Auckland and the Hot Luke district, which is the central point of attraction for tourists to New Zealand. • ■■-.'.

The cost of the )ino has.been estimated— after; exploration—by Jas. Stewart, Eeq , late District Engineer, to he £2000 per mile for the first lection of thirty five miles ; of tb* remainder, twenty-four miles will cost £3000 per mile, and the remaining fifteen miles, about £4500 per mile 5 mating a total cost for construction (of the class of the Government railways, and exclusive of rolling Btoek* of £209,500. The cost of buildings and rolling* •took is estimated at £38,000, making a total cost «f £2*7600. It is proposed to construct the Railway in 1 two sections ; the first section of thirty-eight miles under the provisions of " The District Railway* Act, 1877," by which, on approval by the Government, the Colonial revet ue is •fCUrify for interest on the cost of construction and equipment, not exceeding 2 percent., and the neighbouring lands (rutfd in proportion .to ,the-benefits derivable from the construction of the line) are liable for interest not exceeding a further fly« per cent., thus giving a certain int- rest of 7 per cent, on the investment, even if the line itself only pays working expenses. The majority of Lnd holders abutting on this section have expressed their willingness that their properties •hall be brought under the operation of " The District Bail ways Act, and the Amendment Aot, 1878." For the construction of the second section, passing, sb it does mainly through native lands, w' ich it. is not possible to bring under "The District Railways Acts." it igproposeß'tii work, if possible, under the " R.ilways Construction Bnd Land Aot, 1881." By this Act, the Coloninl Government is empowered to contract with a Company for the construction of this Pail way, among others, and to grant such lands as are available as an endowment. In this case only 28,000 acres are available, situated in the Patetere Country. This would not be a sufficient endowment, without rating powers, to,wj»rr»i t the construction;of this section of the line, but the native proprietors have, in addition, agreed to give a considerable area of land to the Company. It is also proposed that 'the/Company should, acquire, by purchase, a fun her port on of native lands adjacent iOithe : ,Hne, which may be expected to be largelyfiric-iraßf.d in vvilw by its construction; and with!;t his view, the Capital of the Company has been fixed at a sum sufficient to include eu«'h purohaees. By thi« means, it is hoped the construction of the second lection may be, undertaken almost simultaneously with the first. Theiprospects of immediate and very considerable traffio on the line are as good, or better, than can be shown on any new line in K^w Zealand. The rapid strides made during theJast fewf ye/irs in the, Upper Thamfa and Waika^to districts show that the country has a power of production and of supporting a large population in proportion to its area—equal to almost any other part of t. c colony. The pr<ject*<l railway » ill open up an area of from 1,5U0.000ii0 S.COp.OOO, of acres of available land^W;lir«#;.pb'rti(>n: ready *for iniimedUte cocupation, but at present unoccupied, owing partly to the want of mean* of com munictltibnr and partly to the fact that a portion of tliia territory has but recently been acquired from the native owners. The settle me'nt of this .extensive,area must necessarily, for some y«arssfo'vtco'tri«f/'ereate a very large import, traffic, and year by year, as sfttlement, progresses,' the exp&rtrtratfio of grain, (took, and other produce must'also; increase to y»ry large dimensions. ; .But, independently of the ordinary,a. iU,rce»,of supply towards a railway traffic which; agricultural and pastoral settlement of, the country .affords, there are special reasons which justi'y the expectation of an unusually rapid de»elo: nvnt of a varied, extensive, and' pjjing' business1 or this line, It U now generally* khuWri that the purchaser* of itke lands as the PatH'ere Diatrictf are taking active; steps !owards the immediate colonisation^ i i by! "com paratively fma'l holders, of the whole of- the lands they fcftTAT!Pqi'iredj; °' W acquiring; through the agency of a powerful company in England. Jhe importations ronsequeat on the introduction of a large population caanot fail to bo very considerable, during:,the,first year* of their settlement.. Again, the line in its course to Ohinetnuitf, tSps^a'viiluable forest of magnifipent^timber,: from which—as soon as the line>jf(.completed so far—the whole of the Upper Thames and __ Waikatp._ districts will undoubtedly draw their supplies of timber for hoaie bupiß^of#ncjrig, a <!rid ( ifuel(ji>nd last s but certainly not least, the hrge and ever increasing stream of tourists visiting New 2--aJa.nd;ir,oui all parts of the world, attracted by the wonders of Ohinemutu and Rotomahana, 'will"certainly prefer to use tbjisi line of railway, which will convey them easily in one ehQrt.day from the Oily of Auckland to the Hot' Springs, by an, easy and most interest ing route; thus giving to the liuo the exceptional advantage of a large passenger traffic alt ouce } quite irrespective of the ordinary passenger traffic blihi coiiutry.' It may also be pointed out that for a distance of. folly forty miles the line proposed must, ata future and no far distant da,'e, form paitfof.the main line connecting Auckland witi^Apier and,.Wellington, through the iatenop of the island. ', ; . ; Regarding tlietra^'which may be, expeoted^ a companion may be made with., the exi^ng^line ia ; .Auckland. Seeing, that oa