Page 4 Advertisements Column 1

Manawatu Times, Volume V, Issue 119, 23 February 1881, Page 4

PRELIMINARY PROSPECTUS OF THE WELLINGTON & MAN A WATU RAILWAY COMPANY (Limited). Capital, £500,000: Divided into 10; 1,000 Shares of £5 each. Provisional Directors. Messrs it. Bunny, M.H.R. „ James Bull „ Samuel Brown „ John Chew „ Henry Diver, J.P. Sir Win. Fox, M.H.R. Messrs Robert Greenfield „" James Gear „ Wm. Hutchison, M.H.R. „ C; B. Izard, Barrister „ James Linton „ W. H. Levin „ James Lockie „ H. P. Logan „ John M'Kenzie „ W. S. Moorhouse, M.H.R. „ A. K. Newman „ J. E. : :tNathan . „ John Plimmer „ G. M. Snelson „ G. V. Shannon, J.P. „ Benjamin Smith „ W. T. L Travers, Barrister „ J. S. M. Thompson „ Wm. Whittem „ H. C Wilson, „ Jas Wallace „ J: .Woodward, J.P: „ J. H. Wallace, JP. „ A. Young Co-operating with Local Committees throughout the Provincial District. Seceetaey, pro tern. J. H. Wallace, J.P. Teeasueeb, peo tern. J. Woodward, J.P. Bankers. Bank of New Zealand. Solicitoes. Messrs Travers & Son, This Company is formed for the purpose of completing the construction of a Railway from Wellington to the Manawatu, to join the Foxton and New Plymouth Railway. Ttte Government, have agreed to recommend to Parliament that certain works constructed by them between Wellington and Johnsouville, along the course of the proposed line, with the land which they had acquired for the purposes of the line, the materials for a bridge over the Porirua Harbor, and a quantity of rolling stock appropriated to this railway, with certain other concession, including land that may be reclaimed from the Wellington Harbor m the progress of the Railway works, should be granted to the Company, upon their giving a prober guarantee for the completion of the work. . They have -also undertaken to supply the Company with the neoessary surveys and estimates of cost, free of charge. From a preliminary examination of the country through which the line will pass, it has been estimated that the max mum. cost of construction and of the requisite rolling stock will not exceed £5000 per mile, and, therefore, taking into consideration the value of the concessions promised by the Government, the Promoters believe that not more than £350,000 of capital will be required to be called up. It is Proposed to raiea-».fcJ«asl £SG-QGCL Oi"i<_re C-Cpuai ««*ri-r-cTie colony, payable as follows : — 2s 6d. per share on application, 2s. 6d per sbare on allotment, and the residue by bails not exceeding 55." per share, at intervals of not less than three months. The country which, will at once be brought into darect'eommunication with the city and harbor of Wellington by this line of railway exceeds 4,500,0U0 acres m extent, comprising the Porirua and Hbrokiwi District, the targe and valuable tracts of land between Paikakariki and the Manawatn (including the settlements of Otaki and Fitzherbert), the Manawatu, Feilding, Hang - tikei, Wanganui, and Patea districts, and the rich aDd extensive lands within the . Provincial District of Taranaki; and looking to the facts that a vevy large extent of the above-mentioned country is already cultivated, and that it possesses immence resources which can, only, be satisfactordy developed when brougbt into direct comamication with .Wellington, and, moreover, that the proposed railway must form part of the main trunk line from Wellington to Auckland, the promoters feel confident that the traffic returns 'will, from the first, yield reasonable dividends upon the O-pital expended, and that the line must ultimately become a very valuable one. The company proposes to ask for power to acquire the native lands between Otaki and the Manawatu, through whicb the line will pass, and should this' power be granted to them, the promoters have reason to believe that the land, when acquired, would speedily be disposed of for settlement at a profitable rate. In view of this, the promoters are about to opeo negotiations with the Native proprietors with respect to its acquisition. As the construction of this railway has long been considered to be of the highest importance to the City of Wellington and the districts which will be brought into connection with it, the Eromoters trust that no difficulty will c experienced m obtaining the £50,UU0 proposed to be raised m the colony. Should their expectations be realised jn this respect, the company will at once be established, and application made to Parliament for the requisite authority to carry out the undertaking. Applications for shares, m the form annexed, accompanied by a deposit as above, may be addressed to the Secretaxypro tern of the company, and forms of application may also be obtained a I any of the branches m the colony of the Bank of New Zealand. All deposits on shares will be lodged with the Bank of New Zealand at Wellington, to the credit of a special account m the name of the Treasurer. APPLICATION FOR SHARES. To the Provisional Directors of the pro£>sed Wellington and Manawatu ailway Company (Limited). I hereby apply for Shares of five pounds each m this proposed Company, and I deposit herewith the sum of two shillings and sixpence par share, and I undertake (subject to