Page 4 Advertisements Column 1

Westport Times, Volume VI, Issue 970, 14 May 1872, Page 4

Miscellaneous. D> B O 3 PECTUS I SOUTH PACIFIC STEAM NAVIGATION COMPANY (limited). Capital—£62oo,ooo, In 20,000 Shares of £lO each ; £G of which will bo at once called up, viz , £1 on application and £5 on allotment. Kor the convenience of investors, one-half of tlie called amount may bo paid by bills at three and six months, bearing, S per cent, interest. It' no allotment is made, the deposit money will be returned in lull. Provisional Directors: Hon. Edward Cobon, M.P. Charles Croaker, Esq. (Messrs Croaker, Scott, and Co. Cbas. Ibbolfon, Esq. (Messrs Dalgelv, Ibbolsoiij and Co., Geelong). Hon. 0. J. Jfluuer, M.L.C. Captain Hugh Mneiheikah li; Twentyman, Esq. Bankers Union Batik o!" Australia. Solicitous : Messrs Macgiwicr, Bamsay, & Brabe; Broker: Mr John Watson. Secretary, pro. tern. -. Mr Edward Langton, M.P. Temporary office: 68, Temple Court, Melbourne. The object of the Company is to procurer and maintain a fleet of first- < hss steamers, to be employed in the trade between the several Australian • ulonies and New Zealand, and iu f-ich otlier branches of trade as may L« considered advisable. In the first instance, it is proposed »o purchase the undermentioned we!l----i nown vessels, now the properly of •Messfs M'Meckan and Blackwood, who are retiring from business, their partnership expiring, by effluxion of t line, at the end of June next: — Omeo—B2o tons, 120-horse power. Albion —SOG tons, IGO horse power. Alhambea —7G5 ions, 1-10 horse power. '-Takaeua —GO2 tons, 155 horse power. Gotiienbuuo, C74< tons, 120 horse power. Clixto Hamilton —GGL tons. 100 ii u'se power. Eaniutoto—s7l tons, 140 horse power. Aldinga—ll7 tons, 110 horse power. COOROKG —300 tons, 70 horse power These vessels are all registered at Melbourne. They have all been recently surveyed by Mr William Duthie, late surveyor to the Soul-hern Insurance Company; Captain M'Callum, surveyor to Lloyds'; and Mr Alexander Kh'kwood, formerly foreman to Messrs Scott, Russell,and Co., nf London, aid for years past superi.(lending Engineer for the above r-teamships. The reports of these • ; iitlemen show that the vessels have i con kept in excellent condition, and hi ii now in first-class order. They can • r delivered to the Company, free from ; ny incumbrance, as they arrive in the . o'rt of Melbourne, after the 10th of -Mine next, without interruption to 'he several trades in which they are engaged. J n addition to the steamships, Messrs M'Meckan and Blackwood will sell to tlie Company the land situated at the corner of Flinders aud King streets, Melbourne, having a frontage of 59ft to Flinders street by a depth of 113 ft, upon which stands the offices and stores where the business has hitherto 1 ron conducted, and other buildings \ t io tenauts. The price at which the steamships, premises, and goodwill of the business :;ro offered to the Company is £165,000, which includes all the spare uear, sails, yards, shafts, propellers, iiichinery, &c, whether on board or . ;i shore', and all the stores and coal ■ n board when they arrive ; and also includes the cost of supplying boilers, ondencers, and pumps to the Claud amilton, which have been already utrapted for. In the event of the *s of either of the- vessels before deivery, a deduction from the purchase tnney will bo made, according to a ; nodule approved by the provincial Lectors, and should auy accident ; ripen to either of ihem before dei wry the damage will be made good . rfie present owners. There will be no promoters shares, ■ I Messrs M'Meckan and Black>a will | )a y Qe preliminary expanses. ! t is proposed to raise the required mpital by 20,000 £lO shares, on '••!( h£6 will at once be called, and in : ition to issue debentures for ."' >,OOO heaving G per cent, interest. Messrs M'Meckan and Blackwood • willing to take £50,000 of the i trchase money in shares of the Comj ny, or such other amount r.s the ..visional directors may determine < ■.; or they will take £30,000 iu : ires and £20,000 in debentures. That the undertaking will be emiily profitable to the shareholders i' ■:•/ be gathered from the fact that • - net earniugs of eight of the vessels cd above for the year IS7L was- £ '4,743. (The Albiou was only lately i :i?chased, and did not leave on her ii t voyage till the end of December.) .This profit was made after paying evciy charge, whether for working or