Page 4 Advertisements Column 2

Waikato Times, Volume XVII, Issue 1476, 17 December 1881, Page 4

.NpiicesT * ■ 'i — — THAMES v/VAJ&EY AJNP X ROTOKU__ COMPANY (LIMirED):, NOMINAL CAPITAL. £400,000, IN 400,000 SHARES OF OF £1 EACH. Pkovisionai Dirkciors : Hon. James Williamson, Chairman. J. L. Campbell, Esq., M.D. F. D.Rich, Esq. Wm. Ciush DaLdy, Esq. E. F. Roche, Esq Jas. McCosh Clark, Esq. Thus. Peacock, Esq. Robert Gl.ih.inl, Esq. E. B. Walker, Esq. James Dilwonh, Ebq. Wm. Aitkin, Esq. G-oigcHoldslui), Esq. Nrj Huruhuru -Joseph Howard, F.bq. Petcra Pukuatua John WiUon, lv>q H.ncrc Pukuatua fhos. Mornn, Esq. Kotohiko Haupapa Win. Innes 'laylor, Esq. Arckatcru 'ie Wera C. J. btonc, Esq. EiuPaimoi A, W. I<\ Halcombe, Esq. \V. Mcihi Te R«ngikaheko IIASK! US ' ]»ank ot New Zealand. SonuiOßS : Messrs. Jackson and Russell, Fort-sticct, Auckland. Lngini i'RJ. Stewart, Esq., M. Inst. C.E., late District Engineer. IVIKRIM bFCRETARV .^ Jns. btcwart, Esq., C.E. The proposed railway will be about seventyfourmilfs in length, and commences at _ point on the Hamilton- ihames Railway, near the town of Momnsville. From this point it runs southward thiough the centre of the great valley of the Upper Thames, by a very easy route, foi a distance of thirty-live miles; it then mount*- to the wooded plateau which divides the Upper Thames and 'iauranga districts ; from this it descends, bv an easy route, to its teinnnus at the town ot Ohinemutu, making a further distance 0} thirty-nine miles. Ihis completes an unbroken chain of railway communication between the city of Auckland and the Hot Lake distuct, which is the central point of attraction for tourists to New Zealand. Ihe cost of the line has been estimated— after exploration— by Jas. btewart, Esq., late_ District Engineer, to be £2000 per mile for the liist section ot thirty-five miles ; of the remainder twenty foiu miles, will cost £3000 per mile, and tho remaining fifteen miles, about per mile, making a total cost foi construction (ot the class ot the Government r.iilw.l)s, and e\clusive of tolling stock) ot £209000. ihe ( o->t ot buildings and lollm^-^tockis estimated at £38,000, making a total cost oi £247, 500. It is proposed to construct the Railway in two scetio'is the hrst sec tion oi tlnity-.ijjht miles undei the ptox.sions ot " I lie District Railways Act, 1877,' b> which, on ipproval by the Go\ em - ment, the Colonial lcvenue is seeunty foi interest on the cost ut consti uetion and equipment, not exceeding t pei cent , and the neighboring lands (rated 111 proportion to the benefits dernaolc trom the construction of the line) arc liable foi inteiest not exceeding a further 5 per cent., thus gmng a certain interest of 7 pei cent, on the investment, e\en if the line itselt only pa)s working expenses. The majority ot the landholders abutting on this section have expressed their willingness that their pi opcrties sh'ill be biought under the opciation ot " Iho Uistiiet Railways Act and the Amendment Act, 1*178." l'(,i the construction ot the second section, passing, as it does., mainly through native lands, wlnih it is not possible to bring under " ihe District Railways Acts," it is pioposed to voik, it possible, under "The Railwajs Consti uetion and Land Act, 1881." Ji\ this Act, the Colonial Government is einpoweied to contract with a Company toi tho construction ot this Railway, among others, and to giant such lands .is aie available ass an cuulownient. In this caseonly 28,000 acies are available, situated in the Pateterc 1 ountr) . 1 his would not be a sufficient endowment, without rating powers, to warrant the construction ot this section of the line, but the natno proprietors have, in addition, agreed to give a eonsiderablc area of land to the Company It is also proposed that the Company should acquire, by purch ise, a lurthci portion ot native lands adjacent 10 the line, vvliich maybe expected to be largely increased in \.iluc by its eonstiuction ; and, with this view, the Capital of the Company has. been hxed at a sum sufficient to include such purchases. By this means, it is hoped the constitution 0} the second section maj be undertaken almost simultaneously with the 1 first. lhc prospects of immediate and veiy considerable ti attic on the line are as good, 01 better, than can be shown on any new line in New Zealand. I hi- lapid strides made during the last few years in the Upper ihames and Waikato dis1 1 icts show that the counti) has a power of pioduction aud of supporting a large population in proportion to its aie.i— equal to almost any other part ol the colony. The profited railway line will open up an area of trom i,=;oo,ooo to 2,000,000 acres of available land, a large portion re.id) foi Immediate occupation, but at present vvhrJlj unoccupied, owing p.iitly to tl|O want ot means of communication, and paitlj to the tact that a portion ot this territory has but rcccntlj been aequiied from the native owners. The settlement of this extensive area must ncccssanly for some years to como rroatc a very large import traffic, and jcat by ycdij <li settlcmontprogresses, the expoit tiaffic of gram, stock, and other pioduce must also ineieaso to very large dimensions. JUit, independently of the 01 dinaiy sources of supply towards a railwa) tiaffir whice agricultural and pastoral settlement of the country affoids, there aio special reasons which justify the expect ition of an unusually rapul development ot .1 varied, extensive, and paying business on this line. It is now gencially known that the nui chasers of the lands known as the Patetcre ))istiiei. ,!i 0 taking active stops towards the lnimcrtl.icfi cuii,niq<4ion by comparatively sm.'ll holcjeis of thp ivhpjc pt fh.c lands they have acquned, or arc acquiring, through the agencj of a powerful company in England. Ihe impoitations consequent on the intioduction of a large population cannot fail I o ha vnry considerable during the first years of tlu i] settlement, Agouti tho line in its course to Ohinemutu, taps a val^<ib]o fqrosl; of inagnii'lLent timber, liom which— as soon as the lino is completed so fai— the whole of the Uppoi 'lham.es and Waikato districts will undoubtedly draw then supplies of tunbci tor house building, fencing, and fuel, and last, but certainly not lr.ist, tho large and ever increasing stream of tourists visiting New Zealand trom all parts of the world itti acted by the wonduis of Ohinemutu and lit,lf}>}i.il\,uiJ, will icrl.unly prefer to cite £/irs/mc of tailway, which will comej thorn easily in one short day fioiii t])p ( ity of Auckland to the Hot ing», by an easy anil jjipst inteiesting route, thus giving to the line the c.xcoptirjnaj advantage of al.nge passcnget traffic at once, (julto it-re-spoetiva o{ the oidinary passengor tiafiic of the counti j. It maj also be pointed out that for a distance of fully toit\ miles the lino pipposcd must, at a ftitineaiul no veijdistant date, form part qf the main hue tonnccting Auckland with Napier and Wi llington, thiough tliP interior of the island. Regarding the tiafnc which may bo expected, a comparison way be made with the existing lino in Auckland. Seeing that on these lines there are man) miles ot unproductive counti}, and that thevallejs of the Piako, Waitoa, and Thames aie laigely settled and stocked (and by the time tin* line is open may be expected to be fully so), looking also to the scheme for the settlement of the Pateteie countrj, the Piovision.il Dneetors think the comparison a fan one. The latest returns ot tho Kaipara-To Awamutu Railway show .1 net revenue ot £iq\ per mile per annum, 'lhis would give, on the first section of thirty-eight miles, a net rcvenueot £7334, 01 7.} per cent, on £100,000 Estimating the lcvenue toi the first H'ar'b v. 01 king at on!) one-half that of the K.aip>li.i., Walked lllio, 3,1 I'd cent, will be obtained, luiviim only 3, PPi Ppnt tfi b,o made up by the Dishiet Rate and Government contrihufion, or a little over 2] pei cent. _nd under 1 per cent, rospi ctncly. Foi these 1 caseins, and for others too numerous to mention, the Piovisional Uiiectors feel fully lustified in recommending the undertaking to tho Public as a work of national as well as local importance. As an investment of capital, it will be direct!) lomiiupi alive, and they confidently expect the hearty suppoi I oj the poqplo of Auckland, both town and countrj , 111 a work which cannot fail, immediately on its completion, to add, as no one undertaking has added before, td the population, production, and the import and export trade of tho vvholo Provincial District. lhc Nominal Capital of the Company is proposed to be fixed at in 400,000 Sharos of £1 each. The first issue of shares to be 200,000, on which it is not intended ta call up more than 10s per Share, and it is anticipated that =;s per Share will suffice as paid-up capital, for the first section of the Railway, because it is proposed to exercise the borrowing powers con fei red by tho Acts. On the prosecution of the second section, It will bp a. question whether to issue more Shares, or make further calls on those already issued. The payments on the firtt Issue to be is on application ; and the balance by calls of is each, at intervals of not lo.ss than two months. Applications for Shares to lie made to the Sccrotarj', Shortlancl-strect, or through authorised agents. 70,000 Shares have already been taken by 3? subscribers, in amounts not loss than 1000. As it is anticipated that the whole of_ the shares will bo rapidly taken up, early application will be necessary. Priority of application vvill be a factor in the allotment of Shares by the Directory. No application will be received for less than 20 shares. The follow ing Gentlemen are agents authorised to receive applications for shares, viz .—. — Joseph Newman, Aucklarid Alex. Saunders, Auckland Chas. Alexander, Auckland Samuel Vickers, Auckland Jf, Friar Claike, Auckland iobort I'rn.ter, Auckland John Mowbray, Auckland Robert Mornc, Auckland 1 J. B. Morpeth, Auckland t. if. Lennox, Auckland Wm. Flood, Auckland - 1 , f. Wickons, Auckland- ' F. G. Kwington, Auckland ■ Kennedy Hill, Hamilton >

To Let. ; l ' npHE OFFICES,, in ,the WXikato X Times Buikling, lately in tHe r occupation of Mr T;. ,H. Whiter.Architect. , For particular^ > ?apply.' i to' Manager Waikato Times. .. t t „ ;r; r i ,