THAMES VALLEY AND ROTORUA RAILWAY.

Waikato Times, Volume XXIII, Issue 1909, 30 September 1884, Page 3

THAMES VALLEY AND ROTORUA RAILWAY.

ITXDKU tlie heading of " New Projects ' Money of July 30th has tlie following . — Applications will be 1 craved at the Bank of Now Zealand until 2 o'clock on August st,h for £100,000, at thf puce of !f5 pei cent., and ledeemable 1904. The -haie capit.il is £300,000, hi t'l hhaies of which 120,000 shares sue alre.idy allotted in New Zealand, and £00,000 called up. The company lias been fonr.ed to make <i line about 0!) nule^ long, connecting the Hot Lake dNtiict of the Noilh Inland with the city of Auckland, and the hist section o\ 11} miles is expected to bo opened foL traffic at the end of the cunent year. The country travel sed by the present section of thp lailwav ha-> been constituted a "Di-tuct ll.ulwav' under the Act, 1877, and i> thus liable to contribute in Kites o per cent per annum on the co,t of the lino, and the Go\ eminent of the colony h.ive, undei the same Act, t<subsidise the company to the c\tent of '2 percent, per .annum, so that ;i ictmii of 7 percent, per annum on the statutoty cn<t of coiibttuction is guaianteed to the iailwa\ company, qualified as set foith m tlio pros pectus. The spcmity ofteipd is :— L The laihvay 11,' miles fiom Moimisville to Lich field, with stations and lolhng stock, of which the estimated cust ib £200,000, uncalled capital on slum's allotted in -Auek land £(i 0 000 ; the lating powcib and the Goveinment subsidy seemed by Act, and lepiescntinjr an annual mcome of £13.81') 11-> 7<\ for hfteen yoai-. The paiticulais of he intended loute will be found in tlie prospectus.