MR J. SHEEHAN AT THE THAMES.

Waikato Times, Volume XIX, Issue 1606, 19 October 1882, Page 2

MR J. SHE EHAN AT THE THAMES.

The Thames Valley Railway. Mr N hi, i; has vi&ited the Thames on .Saturday evening last, and had an interview with several of the local bodies there relative to the construction of th< Thames Valley railway. The correspondence with the Government, as also the correspondence with the representatives of the English capitalists was laid befoie the meeting, and full explanations of the position and the nature of the negotiations with the Government were mado by Mr Sheeh.in. He explained that the act under which it waspioposed to construct the line was the Railways Construction and Land Act, 1881, as amended by the Act of last session. In conformity with the provisions of that act it would be necessary to form a company with a provisional directory and complete negotiations with the Government. That company would then be in a position to secure the concessions of land, etc., provided by the act. In addition to the land .concessions he (Mr Sheehan) had every reason to suppose that the Government would be prepared to hand over to any responsible company" the Te Kopu line, already completed, together with rolling stock, etc., provided for the Hue. These would be very valuable concessions indeed ; and he would very strongly advise them to proceed to form the company without delay. As regards the English capitalists, Mr Sheehan produced documentary evidence to show that they would, if satisfied upon inspection of the line, be prepared either to take up the debentures of the company, or to take over the formation of the line altogether. Mr Sheehan further remarked, that he felt himself bound to give the English capitalists the opportunity to do so, but if they were not fully satisfied with the undertaking, he knew of his own knowledge that the entire capital, which was estimated at £5000 per mile, could be obtained in the colny. In fact, a number of Auckland capitalists were somewhat sorry that he did not gi^e them the first chance to contribute the capital. The meeting recorded a vote of thanks to Mr Sheehan for the trouble he had taken, and arranged to have a meeting on Monday, in order to elect a provisional directory. Meetings were also subsequently held at Paeroa and le Aroha, at which -Mr Sheehau was present. .Full particulars \rere£ given, and arrangements made to co-operate with the directory proposed to be formed at the Thames. ; Between the Thames and Te Aroha Mr Sheehan- was, largely, interviewed. ,by deputations representing in relatic* to matters of ( a , publio and semi ; pub,lio nature. , - } *

, A Railway Company formed.' The Thames- correspondent < 61 - the

Herald writing on Monday, says : — At a meeting of the committee and other interested persons, held this morning, it was resolved ' ' That a company be formed under the Companies Act, 1882, to be called 'The Thames Valley Kailway Company, Limited,' for the construction of a railway from the Thames to Te Aroha, under the Railway Construction Act, 1881, with a capital of £150,000 in £1 shares, Is payable on application. The following gentlemen, were appointed provisional directors, with power to add to their number : — Colonel Fraser, Messrs" Robert Graham, L. Ehrenfried, Alexander Brodie, William Murdoch, W. Wilkinson, E. T. Roche, John Sheehan, W. J. Speight, William McCullough. Mr James A. Miller was appointed provisional solicitor, and Mr F. C. Dean provisional secretary. It was resolved that application be received by the provisional directors until Tuesday, the 25th inst., for the purchase of 300 paid up preferential shares at 10s each for the payment of preliminary expenses ; also applications for ordinary shares np to the same date. It is stated that upwards of 10,000 shares were taken up in the room.