Page 4 Advertisements Column 1

West Coast Times, Issue 376, 6 December 1866, Page 4

Companies, PROSPECTUS OF THE TJOXITIKA AISD GREYMOUTH XI TRAMWAY COMPANY (Limited). Registered under the Joint Stock Companies Act, 1860. Capital — £20,000. divided into d.OOO Shares of £5 each. £1 to be paid on application, and the balance at the rate of Ll per month per share from date of allotment. DIHECTOBS — W. Shaw, J. P. Klein. 11. J. Hanseu, J. M'Beth, G. F. Taylor, C. Williams, C. D. A. Friedlein, H. Cornfoot, H. Meyer, D. Lynch, J. Jones. J. C. Kellock, with power to add to their number. Bankebs — The Bank of New Zealand. Secrktabt and Solicitor — H. E. Campbell. Beokees — Mr E. W. Jones ; Mr Jas. Fowler (Waimea). Offices — Camp Street, Hokitika. This Company has been formed with the object of laying a line of Tramway from Hokitika to Grey mouth for the conveyance of passengers and goods to and from those places and the various intermediate si ations. The Company have much satisfaction in stating that permission has been granted to them by the Provincial Government, to take possession of any land within five (5) chains of high water mark, that may be required for laying their permanent way ; and the construction of the work having already been commenced and proceeded with a considerable distance, there is every probability of the line being completed as far as the Arahura, before the end of the present year and throughout within a very short period afterwards. From careful calculations that have been made, the present passenger and goods weekly traffic, between Hokitika and the Waimea, is estimated at 120 tons of goods and 500 passengers each way. From this it is deduced that 120 tons of loading, at L 2 per ton (being half of the present carriage), will give a revenue of L 240 per week. The passenger traffic, which is at present estimated at 500 per week each waj r , "would also furnish a considerable revenue, as at 2s 6d each it would realise L 125 weekly, and it might be reasonably anticipated that the number of passengers will al least be trebled soon after the line is opened. It might also be fairly anticipated that the goods traffic ■would increase immensely, inasmuch as the risk now felt in transmitting propertj^ from one place to Ihc other would be almost entirely avoided, and the cost very much reduced. Oiher sources of revenue will arise from the carriage of mails, parcels, and newspapers, and also the suppty of timbpr, shingle, and other materials that will be required for town improvements. The Company .have already entered into a contract for the completion of the line of Tramway to the Arahura River, and propose issuing cne thousand (1000) shares, -which, together with a capital already subscribed, will form a sufficient fund to provide all the necessary appliances for rendering both the passenger and goods traffic in proper working order, and still leave a considerable balance in hand to meet further operations. After the present contract is carried out the Company propose extending the line across the Arahura River, and as far as the Waimea, where the next station will be formed. The Company have been in communication with his Honor the Superintendent of the Province of Canterbury, upon the subject of 11 government guarantee for payment of interest on all capital invested by them in the proposed woiks, and have received assurances from him of his unqualified support and concurrence and he has promised to bring the subject before his executive so soon as the Company's ■works are in such a forward srate as to justify him in assuming that the public are desirous of forwarding the undertaking. Applications for shares will be received up to the 15th instant by the Secretary, at the office of the Company, Camp street, Hokitika, where prospectuses and forms of applications maybe obtained. FORM OF APPLICATION FOR SHARES. To the Directors of the Hokitika aiul Greymouth Tramway Company (limited). Gentlemen — I request you to allot me Shares in the Hokitika and Greymouth Tramway Company (limited), or any less number, and I hereby agree to accept the number so allotted to me, to pay the deposit and calls thereon, and to sign the Articles of Association whenever required, and I authorise you to place my name on the register of members for the Shares so allotted. I am, Gentlemen. Your obedient servant, Name in full Residence Profession or Business Date 1866. 5195 TI/1 R E. W. Jones and Mr Jas. Fowler xr - 1 - have been appointed Brokers to the Company in the room of Messrs Liddell & M'Lcod and Messrs T. L. Allan & Co. TTICTORIA FIRE AND MARINE INSURANCE COMPANY. The Agents lor the above Company are prepared to accept zek and Marine Risks. Every mtormation to be obtained at Moeison, Law & Co's, 4364 Wharf-street. MARINE INSURANCE. nnJIE Undersigned having been appointed Agents in Hokitika for the SOUTHERN INSURANCE COMPANY (LIMITED), are now prepared to accept Marine Risks coastwise, also to Australian and other Foreign ports. 2501 Ivßoysf,1 v ßoysf, Mttdie & Co.