The Sun.
London, England, 1863-06-13 00:00:00

BAN KZRS.

111essrs. Barclay, Bevan, IritGZ---and Co., Lombard-street,
London.
South Australian Banking Company, Adelaide.
BROKERS.
Robert M'Elven, Esq., Manchester.
Messrs. Taunton and Co, Liverpool.
Messrs. A. Scrutton and Son, 81, Old Broad-street, London,

SOLICITORS.
Messrs, Phillips and Son, 11, Abchurch-lane, London,
SECRETARY—W. H. Payne, Esq.
Offices-36, Old Broad-streA, London, E.C.

PROSPECTUS.
I. This company is formed for the purpose of affording
more convenient accommodation for the shipping and com-
merce of the colony of South Australia under the following
circumstances :

11. The colony of South Australia, with its mineral and
agricultural products, is admittedly rich in all things which
can.tend to create an extensive and prosperous trade with
other countries, and nothing retards its elevation to the
highest point of commercial prosperity so much as the want
of convenient and sufficient accommodation for the shipping
resorting thereto.
111. 'that portion of the Port of Adelaide to which the
shipping at present resorts is about seven miles irom the city
of thatname, and situated at the extremity of an arm of the
"ft, which after leaving the point known as the North Arm
becomes a narrow and tortuous channel, two miles and three
quarters in length, difficult to navigate wilhour, grounding,
and except at flood tide and with a favourable wind inacces-
sible to vessels without th expense of a steam-tng ; this ter-
minates in shoal water, where vessels are crowded together,
for the most part aground, subject to all the risks of broken
111)8, broken backs, and conflagration—nor can these disad-
vantages and risks be remedied at the present shipping place,
,ta the water is shoaling up every year, and with all the pre-
sent heavy and constant expense incurred in dredging can-
t be sufficiently deepened for vessels to lie afloat. (See
Appendix.)
IV. The serious and important nature of this question has
004uently engaged the attention of the Colonial Government
S Parliament, and it may be safety affirmed that the effect
of the testimony of successive Governors and other authori-
ties, colonists and shipping masters resorting to the port has
down to the present day been condemnatory of the nresent
shipping place and in favour of the North Arm, as affording
the requisite facilities for accommodating a large amount of
shipping of any class, and of becoming., as originally in-
tended, and still desired, the permanent port for Adelaide.
(See Appendix.)
V. At the North Arm is a magnificent sheet of deep
water land-locked, forming a natural basin of great extent,
with smooth water and of easy navigation for vessels of the
largest burden ; and the site seleetedby the Company, unlike
the adjacent land, is elevated above the highest flood, has
deep water in immediate proximity to the shore, and an
abundant supply of fresh water, with a frontage to the
harbour of over 3,000 feet in length for wharf purposes, and
of over 1,500 laterally, immediately abutting on the site re-
served for Government Graving Docks.

V.I. An advantageous arrangement has been made with
the proprietors of the land required for the purposes of the
Company, by which nearly two-thirds of the purchase-
oney will be taken in eferred shares, to remain in the
n Inds of the directors, on terms securing to the shareholders
a priority of dividend to the extent of 5 per cent., till the
profits yield sufficient to pay that amount of dividend on the
aggregate of the paid-up capital and deferred shares. The
remaining one third is to be paid in cash, at pe,iods favour-
able to the shareholders. The property secured is about 700
acres (extending from the river across Lefevre's peninsula,
about one mile in breadth to the Gulf Anchorage), to be con-
nected with the western bank by means of a steam floating
bridge, and the Company has also arranged to purchase on
favourable terms additional land on the western bank oppo-
site the site already secured, with a view to bringing both
sides of the harbour within the sphere of the Company's
perations.
VII. It is intended to construct upwards of 2,000 feet of
wharf frontage at once, where vessels of the largest tonnage
rosy lay alongside, and to erect wharves, warehouses, and
other conveniences, affording ample accommodation to the
shipping resorting to the port. Also an extension of two
miles of railway to complete the line already laid down by
the Government, from the city of Adelaide to the North Arm,
and a short line of four-and-a-half miles to the Dry-Creek
Station, on the Great North and Murray River Railway,
thereby effecting a saving of 1? miles of carriage between the
great producing districts and the port of the colony.
VIII. As Proving the opening afforded for additional ship
accommodation by the increasing prosperity of the colony, the
commercial returns show that the exports and imports for
the year 1850 amounted to £1,416,389, that of 1860 to £3,123,107,
and that of 1861 to £1,013,155, the wharf dues upon which
amount to upwards of £30,000 per annum.
IX. The frontage of the proposed wharves, extending for
upwards of half a mile, where vessels drawing upwards of 20
feet of water can came alongside at low water, offers such
superior advantages as must obviously secure a large propor-
tion of this business, anti thus a very large return to the
shareholders, as by colonial law the wharf dues for all goods
landed are levied according to regulated tariff. Other impor-
tant sources of revenue are supplied by the rental of commo-
diens warehouses included in the estimates, the aggregate
rental of which cannot be estimated at less than £12,000 a
year ; also by the railways, land, and other rentals, which
will accrue from the large population which the operations
of the company atract to their property.
X. The cost of the undertaking, including the purchase of
the land, the construction of wharves, railway communica-
tion, and the c -ection of warehouse s ad other accommoda-
tion above-mentioned, has been carefully revised, and esti-
mated by the late ( aptain bloorsom, C.E., at a sum within
the first issue of the company's capital. It is also estimated
that the whole of this amount will notbereqtuoireexdecfuotrettwhoe
Years. Responsible contractors are prepared
Works within the estimat . Any further capital
agitaadlrwapiltloe ofnly
be raised as the increase of business and the
the company requires.
XI. The proprietors of the land willplacepienr tahnepppomsspensstiohne
of the directors s curities to pay 5 percent.
Paid-up capital until the works areso far compltehteedcapsmtpoaepny-.
able the directors to commence the business of
XII. The direct rs desire to draw attention tot
phheimd uor-tant advantae es offered by the present undertaking,
con-
fidently refer to the map and the official documents set forth
in the appendix,
which embraces the site of the Company's
property, as establishing the necessity for, and the highly
remunerative character of, the proposed works.
Prospectuses, with maps and a pendixes. can be obtained
at the brokers, solicitors, and otpthe secretary at the Com-
pany's offices, 36, Old Broad-street London, E.C.
FORM OF APPLICATION 'FO SHARES. To the Directors of the Adelaide (North Arm n Port r a
Rail-
way Extension and Land Company, South Australia
(Limited).
Gentlemen,—Raving paid to your bankers, Messrs. Barclay,
Bevan, and Co., the sum ot £
shares of
will allot me £2O e herebyiin the request
Adelaidet h(
isa tpyrothu
Arm) Port and Railway Extension and Land Company, South
Australia (Limit,- d) ; d I hereby eto accept such shares,
pursuant to the articles of assocLaaidor i or any smaller num-
ber that may be allotted to me,
to pay the calls on the
shares allotted. And I request you to ace any name on the
register of sliareholders.—l a,u, Gentlemen,lservan your obedient

Usual signature ......
Name in full .................. ........
Address in full ................
Date .....................

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