THE Inangahua Times. PUBLISHED TRI-WEEKLY. MONDAY, FEB. 7, 1881.

Inangahua Times, Volume II, Issue II, 7 February 1881, Page 2

THE Inangahua Times. PUBLISHED TRI-WEEKLY. MONDAY, FEB. 7, 1881.

The Committee recently appointed in ' Ghristohurch in connection with the pro* , jected West Coast Bail way, have dcci« ded to test the feeling of the publio on ( both sides of the range as ti> the possi» bility of floating a company to prosecute the wbirk. .With th'B olVject in view a document ha» been drawn up and printed and will (shortly be circulated for signature here, in order to ascertain what number of shares are likely to be taken up oh thY West Coast. Tile name of (he undertaking is the ''Canterbury and Westland Grand Trunk Railway and Colonisation Company/ 1 the capital being fixed at £1,000,000, in 200,000 shares of £5 each. The following 13 the under taking which the public are invited to sign:— "..We the undersigned are will* ing. in the event*of a Company '* being formed under tiie Joint Stock Company's Act, 1860, to lay out, survey, and arrange with the Parliament and Govern* roent of New Zealand, to Construct and Work a Line of Railway from Hurunui to the southern centres of population on the West Coast, via Keefton and the Grey Valley, as reported by Messrs Thornton and Brown, upon Grants of Land being made to defray in the whole or in part the cost of the sam** ; to sub« scribe to the number of Shares set op> posit e to our respective names, upon the folowing conditions :— -viz., 5s per share is to be payable on demand, the remainder is to be called up at the rate of 25s per Share, per annum. Provided that no more than 5s per share shall be payable unless satisfactory arrangements be made with the Legislature for the construe* lion of the work and the prosecntion of the enterprise. It is understood, however, that the 6s per share when called up M to be devoted towards the cost of the necessary Parliamentary and detailed Surveys, of forming the Company, and of the necessary applications to the Legis* lature and Government of the Colony/ The printed sheets will be Here for signature in the coarse of a day or two, and the people will then have an opportunity of testifying their zeal on behalf of the undertaking.