Page 2 Advertisements Column 4

Wanganui Chronicle, Volume 6, Issue 309, 18 September 1862, Page 2

Wangarim Steam Navigation Company, - ; laimitedi. ’l. w To be Incorporated under the. Stock Company arfet 1860 - ” Sea&iyd. -No; 18. Capital £io,poo y :• With ■poweV-l : !*o;''in9re((»ai r fi®ces :■ sary, in;i | 1000 SHAEE3, of £lO EAOH, A Preliminary Deposit of 255. . per Shaie upon the .shares applied for being allotted. • .■ A call of 355. per Sbaire in 6 months from this date, or • as soon thereafter as may be necessary. Another call of 40s. per Share, three months thereafter.' The' balance to be paid up by instalments of not more than 25s..per Share,Srior without two months notice being given after the previous call has been paid. : To be conducted by a Board of Direc-r ■tors. to : be elected by th.e Shareholders at the first General .’Meeting.to be.held in terms of the /joint Stock. Company -Jet 18fi0. The Board of ’. Directors ( shall have the general mahagqfimn.t.and control of the- Company’s opeihti6ns. y. V. '' ~ : ' : .’ Thos. 'Chairma:tii.. ,T ' ‘ , . T. Br TayloS, 1 j&*Q.'' , ' 1 ” ’/ ’ D Bell, Esq. James Reynolds, Esq.. Gko./Beaven, Esq. . > Geeoroe Turnbull, Ecq. *' D* OituRTON,. Esq. .. . . • ; ; C. W. Hylton, Esq. John Handley, Esq. • , Thos. AicWilliam, Esq. Bankers—The. Bank of ,Nbw Zbalakb. Soucitor— Hugh Ross, Esq. Sectbtary—Epward Lewis, Esq. . The object of the proposed Company is to purchase ..a .Steam Vessel .of. a .size, and draught of water suitable, for the requirements of the trade.of.. Wanganui.. It is intended that she shall be.laid on as a regular trader between Wellington and Wanganui, and 1 shall alsp-dre ,em : ‘ ployed in conveying>Cattle vhnd Goods to other ports as {the Directors may arrange . . ... . ' It is believed, that the time has now come for such an alteration in the means of communication with- other ports as this Company contemplates. The rapidly increasing trade of Wanganui,, the great difficulty settlers .have in conveying, their cattle to a market, and the increasing demand in the more thickly populated parts of the country for the rural produce of this district, all point out the necessity for placing the, coasting ; trade Af: this place, on, a more; satisfactory.. 'footing.; -• : ■'/ It is . well known that the conveyance, ;of Cattle and Goods by sailing vessels for, shdrt coasting' voyages' is uncertain, and in ' the Case of perishable ■ merchandize almost impracticable. The facilities hitherto.' afforded . by the • \Vellingtqn Steam Navigation Company, while . per-; haps all'that could be reasonably qxpecx ted, have not met the warits of the district and serious loss both of time and money has been occasioned by the frequent delays occasioned by the. want of pbwer of the steamers or other causes, and by the unsuitable accommodation in them for cattle arid sheep; The vessel' which it is proposed to : purchase will -be a ’ Screw 1 Steamer 6f about ' 296' tiros’ burthen or 150 tons register, drawing when- loaded '-7f ft, with 21 ft. beam and-140 ft.- over all; bifiltand fitted up with moveable stalls, for the accommodation of Cattle. • It is believed at present that such a, vessel is being built in. anticipation of a proposal made being' Accepted : and as the order for the steamer goes ; home by the September, mail,; it is reasonable to expect.;she- will be .here in less than nne .months. . - It may be with confidence anticipated that this Company will be able to secure :a considerable addition to its income by. the carriage of the mails between this and Wellington. ./ The steameis at "prefr ent bi’in ging the mail once a month ref. ceive £spp ,per annum for 'the service! The' qualification ’ for voting at ' the election of the. ’first Board bf Directors shall be the payment of the first'call; say T3„per share,./; : Shareholders to to .yofee by , -QSy, * i i ( | Any. qualified Shareholder . having 20. tares, shall' be .eligibly as'a member .qf ie Board of Directors.: .. ~ .. Shareholders shall he entitled to .vat*. / proportion to ’ the number "of their tares, according to the ..scale.given in L « Joint Stock/Companies’ Act 1860., able B, ' • •• Shares • are reserved for settlers m angitikei and Turahina, whose? eopera-' ; on is particularly .invited : and , also a w for those Wellington residents.who. ive business connections he* e ;' a.nd. as, te Share- List ia.rapidly filling n.p, .an ,rly application, is. desirable. ...... . Applications, for Share's, may. be .ad r •essed .to the Directors bf.fhe'.Wahga- : u Steam Navigation. Company, Whnmui, from whom also.any, further,inforation required/.may be obtained, or/ o*n the Secretary. • .... v : -;< LIST OF SHARES ALREADY , - applied FOR. ; Thomaa Waters Thomas B. Taylor ... James Alexander .... W. Rawson Trafford H< Ghurton r William H. att ... 25 30 20 25 30