Page 2 Advertisements Column 4

Wanganui Chronicle, Volume 6, Issue 311, 2 October 1862, Page 2

Wanganui Steam : Navigation Company, laimitedTdtte Incorporated under the “ Joint Stock '' Cpmpmy's Act. I860'”- Sess'. 3. No. 13. : ■•’ ! *;^€Mpial ; ‘£lS s ©©oi' ■ - With- power to increase it, if noces ' sary, in 1500 SHARES, of £lO EACH. A Preliminary Deposit of 25s per /a. : Shaie upon the shares applied for being allotted. .. ; ' A ’ call of 355. per Share in 6 months from this. date, or as soon thereafter as may be necessary. Another call of 40s. per fehare, three months thereafter. The balance to, be paid up by instalments of not'’fijore than 25s.'per Share,fnor without twojpmonths notice being given after the previous call lias been paid.,. To be conducted by a Board of Dix-ec-torS ito be elected by the Shareholders at the! .first General M eeting to be held in term.? of the Joint Stock Company //ct 18130. The Board of Directors shall have the general management and control of the Company’s, operations. . \ PROVISIONAL DIRECTORS. Tiros. Waters, esq., Chairman. T. B. Taylor, Esq. D Bell, Esq. James Reynolds, Esq. Geo. Beaven, Esq. Gerorge Turnbull, Esq. H. Churton, Esq. C. W. Hylton, Esq. John Handley, Esq. .Thos. AlcWilliam, Esq. Bankers—The Bank of New Zealand —Hugh Ross, Esq. Sectetary—Edward Lewis, Esq. • ;;; " i • ; ' . "The object of the proposed Company isHo’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 W ellington and Wanganui, and shall also be employ'd in conveying Cattle and 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 asthis 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 popola ted parts of the country for the rural produce of . this district, all point out the necessity ' for placing the coasting trade of this place on a more satisfactory footing. It is well known that the conveyance of Cattle and Goods by sailing vessels for short coasting voyages is uncertain, and in the case of perishable merchandize almost impracticable. '1 he facilities hitherto affoi’ded. by the Wellington Steam Navigation Company, while perhaps all that could be reasonably expected, have not met the wants of the district ; anil serious loss both of time and money has been occasioned by the frequent delays occasioned by the want of power of the steamers or other causes, and by the unsuitable accommodation in f tiiem for cattle and sheep. ' The vessel which it is proposed to purchase will be a Screw Steamer of 'about" 296 tons burthen or 150 tons register, drawing when loaded ft, with .21 ft. beam and 140 ft. over all ; built and fitted up with moveable stalls, for the accommodation of Cattle. It is believed at present tliat 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 nme months. It may he 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 steamers at present bringing the mail once a month receive 1500 per annum for the service. . The qualification for voting at the election of the first Board of Directors shall be the payment of the first call, say 13 per share. Shareholders to be allowed to vote by proxy. ... Any qualified Shareholder having 20 shares, shall be eligible as a member of tbe Boat’d of Directors. Shareholders shall be entitled to voto in proportion to tbe number of their shares, according to the scale given in the Joint Stock Companies’ Act 1860, Table B. Shares are reserved for settlers in Rangifcibei and Turakina, whose” coperation is particularly invited : and also a few for those Wellington residents who have business, connections here; and as the Share* .List is rapidly filling up, an i early application is desirable. ■Applications for Shares may be addressed to the Directors of the Wangarnuil Steam Navigation Company, W.inganui, from whom also any further information required may be obtained, or fro n the Secretary. LIST OF SHARES ALREADY APPLIED FOR.