Page 4 Advertisements Column 3

Waikato Times, Volume XVII, Issue 1464, 19 November 1881, Page 4

Notices.

THAMES VALLEY AND X ROIORUA RAILWAY COMPANY (LIMITED). NOMINAL CAPITAL, £400,000, IN 400,000 SHARES OF OF £1 EACH.

Provisional Djrfctors : J Hon. James Williamson, Chairman. J. L. Campbell, Esq., M.D. F. D.Rich. Esq. Wm. Crush D.ildy, Esq. E. l'\ Roche, Ehei Jas. McCosh Clark, Esq. Ihos. Peacock, lisq. Robert Gr.ih,im, Esq. E. B. Walker, Esq. James Dilworth, Esq. Wm. Aitkin, Esq. George Holdsiup, K&q. Nga Huruhuru Joseph Howard, Esq. Petera Puknatua John Wilson, Esq Hencrc Pukuatua Thos. Mornn, Esq. Rotohiko Haupapa Win. Innes laylor, Esq. Aickatera Te Wera C. J. Stone, Esq. Eiu P.unioi A. W. F. Halrombc, Esq. W. Mailu Te K-ngikahekc 13anklk& . Bank of New Zealand. SoueiTOKS : Messrs. Jackson and Russell, Fort-street, Auckland. Enginh-r: J. Stewart, Esq , M. Inst. C.E., late District Engineer. Imi kirn Slcri iak\ : Jas. Stewart, Esq , C.E. flic pioposed lailway will be about se\cnt)four miles in length, and tommenrcs at a point on the Hamilton-Thames Railway, near the town or Mornnswlle. From this point it mns southward through the centre of the gre^t valley of the Upper ihames, by a very easy route, for a distance of thirty-five miles; it then mounts to the wooded plateau whuh divides the Upper 'Ih.imcs and lauranga districts ; from this it descends, b\ an easy route, to its terminus at the town of Ohinemutu, making a fuither distance oi thirty-nine miles. '1 his completes an unbroken chain of railway communication between the city ot Aiu kland and the Hot Lake district, which is the central point of attraction for tourists to New Zealand. 'i he cost of the line has been estimated— after exploration— by Jas. Stewart, Esq., late District j Engineer, to be £2000 per mile for the first section of thirty-five miles; ot the remainder twenty" foiu m'le-s, will cost £3000 per mile, and the icmaining hitccn miles, about £4500 pei mile, making a total cost for construction (ot the class ot the Go\cinment railways, and e\clusi\e of rolling stock) of £209000. lhe cost of buildings and lolling-stock is estimated at £38,000, making a total cost oi £z)7oOo It is proposed to ( onstiuct the KaiK\a) 111 two sediois the 1 first suction 01 thirt\ -eight miles under the piowsions of "' lne iJistnet Railwajs Act, 1&77," by whii li, 011 ipprcnal b\ the Government, the Colonial revenue is security ior interest on tin 1 oit ot construction and equipment, not e\( ceding J per cent , and the neighbunrg lands dated in piopoition to the bene-lits. deiivaDle iiom the conslmction of the line) arc liable ( or inteiest not exceeding a turthci 5 per cent , thus giwng a ceitain interest of / pci cent on the investment, c\en it tlie line llsdt 011K pajs working expenses '1 he- majority ot the landholders abutting on this section have ixnussed tluir willn..,ness that their piopeities sh ill be In ought undei the opeiation of " lhe Disluct Railways Act, and the Amendment Act, IN7B " 1 i.i the constiuetion of the second section passing, as it dots, mainly thiough native I ineU, whuh it is not possible to bring under " lhe Distnct Railwajs Acts," it is proposed to woik, if possible, undei "lhe Railwajs Construction and I i'id Act, 1881 " lij this Act, the Colonial Gom rnmciit is cmpoweicd to contract with a Company for fhe construction of this X uluaj, among others, and to giant such lands as aie 1 a\ailablc as an endowment In tins case onl\ 2*5,000 aircs are available, situated 111 the Pateuic count. j llns would not be a sufhcient indowment, without lating powers, to w.u rant the constiuetion of tins section of the line, but tin native pi opi tutors haye 1 , in addition, agiecd to gnu a considerable .uc.i of land to the l_ompinv It is also pioposed tint the Company should icqune, bj puielnse, a furthci poition of nitivi lands adiau nt to the line, which m.n be expe 1 ted to In laigclj 1111 leased in value bj its (oastiiu turn , and, with this w<w, the C.ipit il of llu Lomp mj has been hxod at a sum sufhcicnt toim hide such pinch lsi s 15) this me* ins, it is hoped theconstiui tion ot the second section m.ij lie- undei taken almost simultaneous!} with the fust. lhe piospeets of immediate and vciv considei.ible tiaffic on the line are .is good, 01 bettci, th m c m be shown on my new line in Kew Zealand llu sapid stiuks made dining the last few jcars in th< Upper Ih lines and Waikato distiuts show that the countij has a powe-i of pio(lnitum and of supporting a large population in piopoition to its aica— equ il to almost anj otliei put ol the colon} ilie protected railway line will open up an .uea ot tiom 1,500,000 to 2,00.1,000 ac 1 es of available land, a large portion re id\ tor immcdiile occupation, but at present wlull} unoccupied, owing paitly to tho want of means ot communication, and partly to the fact tint a portion of this terntorj has but lecently bicn acquired fiom the native owners, lhe settlement of this extensive area must ncccssaiily foi some ycais to come create p vcrj laige import trifiic, andjeirLj j cat, as settlement pi ogi esses, the t xpoit ti.iilic ot gram, stock, and other pioduee must also mcieise to very large dimensions Jiut, independently of the ordin 11 j sources of supph towaicL a railway tiaffic wince, agrieultmal and pastoral settlement of the countiy aOords, there ate speci lI re isons which justify the Lxpcctation of ,m unusually rapid development ot a vaiud, extensive, and p ij ing business on tins line. It is now generally known that the purch lsers of the lands known as the Patetere Distni t aie taking active steps tow irds the immediate colonisation bj comparatively sin ill holders of the whole of the lands they have acquiud, 01 are acquiinig, through the agency of a powerful company in Lngland lhe indentations consequent on the introduction of a large population cannot fail tobeverj considerable during the first jears of then settlement. Again, the line 111 its course to Ohuunuitu, taps a 1 aluable forest ot magnificent timber, fiom which— as soon as the line is tompli ted so fai— the whole of the Upper lhamcs and Waikato distni ts will undoubtedly diaw then supplies of timber foi house- building, fencing, and fuel , and 1 Ist, but cert.unlj not least, tin largi mil ever increasing stream of tourists visiting New Zealand from all parts ot the world at h acted by the wondeis of Ohinemutu and Rotomahan.'i, will <eitainl} prefei to u&e this line of 1 ulwav, whuh will convej them easily in one short day fiom the city of Auckland to the Hot S]inngs, by an oasv, and most nitoicsting route, thus giving to the line theexLeption.il advantage of a large pnssengei traffic at onei , quitciirespeetive of the oidinaiy passenger tiaffic of the counti} It inav also be pointed out that fora distance of full} toitv miles the line proposed must, at a future and no \er) distant date, form part of the main line connecting Auckland with Napier and Ay ellingtcm, through the intenoi of the island. Reg 11 ding the traffic which may be expected,^ compaiison maybe made with the existing line in Aueklind Seeing that on these linos thcie aie many n.iles of unproductive countiy, andthat thevallevs of the Piako, Waitoa, and Ihames u e largely settled and stocked (and by the time the line is onen may be expected to be lully so), looking also to the scheme foi the settlement oi the Patetere country, the Piovisional Directors think the comparison a fair one. lhe latest returns of the Kaipara-'le Awamutu Railway show a net icvenuo o! £i<n per mile pci annum. Ihis would give, on the firat section of thirty-eight miles, a net revenue ot £7334, or 71, per cent, on £100,000. Estimating the icvenue foi the first } ear's woiking at only one-half that of the Kalpai a- Waikato hue, i 2 P el cent, will be obtained, leaving only 3.' per cent, to be made up by the District Rate and Government contribution, or a little over 2^ per cent, and under 1 per cent, respc ctivcl}' For these roisons, and for othois too numerous to mention, the Provisional Directors feel fully justified in recommending the undei taking to the Public a* a work of national as wcli as local importance. As an investment of capital, it will be dnoctK rcmuneiative, and they confidently expect the hearty suppoit of the people of Auckland, both town .md countrj, in a woik which cannot fail, immediately on its completion, to add, as no one undertaking has added before, to the population, prodiu 'ion, and the import and export trade ot the wlioltJ Provincial Distnct. lhe Nominal Capital of tho Company is proposed to be fixed at £100,000 in 400,000 Shares of £1 each. lhe first issue of shares to bo 200,000, on which it is not intended to call up moie than 10s pei Share, and it is anticipated that >;s per Shaic will suffice as paid-up capital, toi the first section of the Railwaj, because it is proposed to cncicisc the bon owing powers con fen ed by the Acts. On the prosecution of the second section, it will be a question whether to issue more Shares, or make further calls on those ah ea'ly issued. The pa} ments on the first issue to be is on application ; and the balance by calls of is each, at intervals of not loss than two months Applications foi Shares to be made to the Seclet.uy, Shortland-street, or through authorised agents, 70,000 Shares have already been taken by 32 subset ibers, in amounts not less than 1000. As it is anticipated that the whole of the shares will be rapidly taken up, eailv application will be neccssarv . Pnont} of application will be a factor in the allotment of Shares by the Directory. No application will be received for less than 20 snares. 1 he following Gentlemen are agents authorised to receive applications for shares, vu :—: — Joseph Newman, Auckland Alex. Saunders, Auckland Chas. Alexander, Auckland Samuel Vickeis, Auckland T Friar Clarke, Auckland Robert Frater, Auckland John Movvbray, Auckland Robert Horne, Auckland T. B. Morpeth, Auckland J. M. Lennox, Auckland Wm Flood, Auckland J. Wickens, Auckland F. G. Ewington, Auckland Kennedy Hill, Hamilton

MESSRS. W. J. HUNTER & COS. Advertisements will be f^und in the second column of oar fourth page.

DEY AND FRENCH have On' Sale-- \ Prime Salt Butter, Cheese) PottecT Meats. ' ' ' '"'