Page 4 Advertisements Column 5

Tuapeka Times, Volume VI, Issue 287, 31 July 1873, Page 4

rnHE NEW ZEALAND SHIPPINGCOMPANY, LIMITED. (Incorporated under tho Joint Stock Companies Acts.) Capital, £250,000 ; in 25,000 Shares, of £10 each. HEAD OFFICES : Hereford-street, Ohristchurch. LONDON OFFICES : India House, Alderman's "While. directors : J. L. Coster (Chairman.) George Gould (Deputy-Chairman) William Reeves, M.H.R. R. H. Rhodes, M.H.R. . Hon. J. T. Peacock John Anderson Reginald Cobb bankers : The Bank of New Zealand. solicitors : Messrs. Garrick and Cowlishaw. The objects of the Company are to provide increased facilities for the New Zealand Shipping Trade, by the building, purchasing, or chartering first-class vessels suitable for the trade of the colony. The whole of the original capital — £100,000 — was speedily subscribed for and allotted in the Provinces of Canterbury, Otago, Wellington, and other parts of the Colony. * The failure of the Agent-General to obtain reasonable terms in London for the conveyance to the Colony of emigrants and cargo having enabled the Directors to conclude a satisfactory contract with the Government in the Colony for such service, it at once became necessary to largely increase the capital of the Company with the view of placing it in an undoubted position to perform the contract, and otherwise extend its operations. The Directors were strengthened in this view by the fact that the Otago Freight Association had already joined tho Company, that a large number of the Wellington Associatiui had become Shareholders with them, and that a strong probability existed (since substantially realised) that tho New Zealand (Auckland) Freight Company would also amalgamate. At a meeting of the Shareholders held at Christchurch, on the 20th June, it was decided to increase the capital of the Company to £250,000, by the creation of 15,000 new shaves of £10 each, to be issued at par. with all the privileges belonging to the first issue, and to be allotted in ihe discretion of the Directors. Already, in anticipation of this announcement, applications for a very large number of new shares have been received, thus affording further substantial proof of the confiddnce reposed by the public in the New Zealand Shipping Company. The success which has hitherto attended the efforts of the promoters to establish a Colonial Shipping Company on a basis sufficiently wide and strong to enable them to successfully oppose and check the powerful monopoly of Shaw, Savill, and Co., justifies the Directors in appealing with confidence to the public for their support. The Directors would specially appeal to the Wool and Grain Growers, and other producers, as well as to the Mercantile community,c ominunity, whether importers or exporters, for their aid towards an undertaking which must conduce largely, both directly and indirectly, to their benefit. It is not the intention of the Directors to call up more than 50s. a share — of this amount 10s. will be payable on application, and the remainder at intervals of not less than three months in calls of 10s. each. Applications for shares of the new issue will, pending the establishment of agencies of the Shipping Company at various points in the Colony, be received up to 15th August next, at the several offices of the Bank of New Zealand, where forms of application can be obtained ; or at the Head Offices of the Company, Hereford-street, Christchurch. By order of the Board of Directors. JOSEPH GOULD, Secretary. Christchnrch, July 21, 1873. TO THK RATEPAYERS. OF MIDDLE WARD. TTC UR VOTES are respectfully solicited i in favor of Mr E. WILLIAMS Polling Day— Friday, Ist August.