The Sun.
London, England, 1863-06-12 00:00:00

THE ADELAIDE (NOR 11-1 ARM) PORT
AND RAILWAY EXTENSION AND LAND COM-
PANY, SOUTH AUSTRALIA (Limited).
Capital £420,000, in 20,100 shares of £2O each.
First issue 10,000 shares. Depo-it, 10s. per share, and 10s. on
allotment. Calls not to exceed £3, at intervals of not less
than hree months.

A portion of the capital reserved for the Colony.
Five per cent. per annum guaranteed during the construction
of the works.
Payments will be received in advance of calls.
DIRECTORS. -

George Lathom Brown(, E347 (Director of the Cape Town
Dock and Railway Company), Old Broad-street, London.
Lord Robert Cecil, M.P., 11, Duchess-street, Portland-place.
London, W.
Frederick Doulton, Esq., M.P. (Director of the London and
Colonial Bank). Manor lions , Dulwich.
John Henry Harrt.on, Esq. (Messrs. J. H. Harrison and Co.,
Australian Merchants), Gresham-street, London.
W. J. Marshall. Esq. (Messrs. Wilson, Bowles, and Co., Mer-
chants), 9, Mincing-lane, London, E.C.
Alex.nder M'Arthur (Messrs. W. ani A. M'Arthur,
Australian Merchants), 46, Moorgate-str, et, London.
Georg( Peacock, Esq., Australian Merchant, 1, Lime-screet-
sq-are, London
Albert Pelly, Esq. (Messrs. A. Pelly and Co., Merchants),
Finch-lane, London, E C,
Henry Spicer, Fog (Messrs. E. and H. Spicer, Merchants),
London and Adelaide.
Lo CAL BOARD.

Hon. John Baker (late—lrem-1;;i: of. the Legislative Council),

A delaide.
Hon, George Hawker (Speaker of the Legislative Assembly),

Adelid e:
Captain Lips.)n, R.N. (late Harbour 'Waster), Adelaide.
Bon. Col. u'Halloran (Member of the Legislative Council),
. .

Adelaide.
Hon. • hos. Reynolds, M.P. (late Chief Secretlryl. Adelaide.,
Bon. Abraham Scott, tI.L.C., sier hint, Adelaide.

BA&KERS.

Messrs. Barclay, Bevan, '1 ritton, and Co., Lombard-street,
London.
South Australian tanking Company, Adelaide.
BROKERS.

Messrs. A. Scrutton and Son, 81, Old Broad-street, London.

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

PROSPECTUS.

I. This company is formed fo 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 1,. all things which
Can tend to create an extensive and prosperous trade with
other countries, and n, thing retards its elevation to the
highest paint of commercial prosperity so much as the want
of convenient and sufficient accommodation for the shipping
resorting thereto.
111. 1 hat portion of the Port of Adelaide to which the
abfpping at present resorts is about seven miles rom the city
of that name, and situated at the extremity of an arm of the
sea, which after leaving the point known as the North Arm
oe omes a na• row and tortuous channe,, two miles and three
quarters in length, o fficult to navigate withou grounding,
and except at flood tide and with a favourable wind inacces-
sible to vessels without th expense of a steam-tug ; this ter
urinates in shoal water, where vessels are 0, owded t gether,
for the most part around, subject t t all the risks of broken,
rips, broken backs, and cot.fiagra• ion—nor can tiles.- disad-
vantages and ris s be remedied at the present still ping place,
as the water is shoaling up every year, and with a 1 the I re-
sent heavy and constant expense in. rred in dredging can-
not be sufficiently deepened for vessels to lie afloat. (See
Appendix.)
IV. The serious and important nature of this question has
freguentlyengaged the attention of the Colonial Government
and Parliament, and it may be sate y affirmed that the effect
of the testimony of successi e Governors and other authori-
ties, colonists and shipping masters resorting to the port has
down to the present day b, en condemnatory 41 the Present
shipping place and in tavour of the North A m, 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 purt for Adelaide.
(See Appendix.)
V. Air. 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 selected by 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 fbr wharf purposes, and
of over 1,500 laterally, immediately abutting on the site re-
served for Government Graving Docks.
VI. An adv-ntageous arrsngement has been made with
the proprietors of Vie land required for the purposes of the
Company, by which nearly two-thirds of the purchase-
money will be taken in eferred shares, to remain in the
hinds of the directors, on terms securing to the shareholders
a priority of dividend to the extent of 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 rods favour-
able to the shareholders. The property secured is about 700
acres (extending* from the river across Letevre'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 we-tern bank oppo-
site the site already secured, with a view to bring ng both
sides of the harbour within the sphere of the Company's
Operations.
VII. It Is intended to construct upwards of 2,000 feet of
wharf frontage at once, •ahere vesseis of the largest tonnag
may lay alongside, and to erect wharves, warehouses, and
other conveniences, affording ample accommodation to the
shipping resorting to the port. Also an extens on 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 DIT-Creek
Station, on the Great North and Murray River Railway,
thereby effecting a saving of 19 miles of cat riage between the
great producing districts and the port of the c010n3,.
'JILL As proving the opening afforded for additional ship
accommodation by the increasing prosperity of the colony, the
commercial returns show that the exp iris and imports for
the year 1850 amounted to £1,416,389, that of 1860 to £3,423,107,
and that of 861 to £l,O -3,165, 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 come alongside at low water, offers such
superior aevantag,es as must obviously secure a larze propor-
tion of this business, and thus a very large return to the
shareholders, as by colonial law the wharf due, for all goods
landed are levied according to regulated tariff. Other impor-
tant sources of revenue are suppled by. the rental of commo-
flt -us warehouses included in the estimat es, 'he aggregate
rental of which cannot be estimated at ,ess than £12,000 a
Year ; also by the railways, land
population operations
of the company wi!l atract to their property.
N. The cost of the undertaking, inclAingtay hepurchaseof
the land, the construction of wharves,, railway
communica-
tion, and the e'ection of warehouses nd accommoda-
tionoethoesr
above-mentioned, has been carefully red, and7iti
mated by the late aptain oorsom, C.F..,
at a &um within
the first isshe of the company', capital. It is also estimated
that tht whole of this amount will not be required for tw
years Responsible cont motors are prepared to execute the
works within the estimat . Any further capital will only
be raised as the increase of business and the advantage of
the company rtqu'res.
XI. The proprietors of the land will place in the possession
of the directs rs s curities to paypercent rer annum on the
paid-up capital until the
able 'he directors to commencewras are
esbousiness of th' Company.
XII. The direst rs
advanta! es offered
desire to draw attention to the im or-
tautntdhethpereostfiencLilinddocerutmakenintgs,
Con-
fidently refer to the map a
in the appendix, which embraces the site of the Company's
property, as estabiishinr, th
raopos,,cl works. said
.et thremunerative character ot, the pneeessity for. and the highly
Prospectuses, with maps aned
at th, brokers, rebliritors, and Ofl3;Cdixes. can be obtained
Com-
pany's offices, 36. Old Broad-street, !-onseeclorneYaEr.sC.
FORM OF AMICATION FOR at the
To the Directors of the Adelaiele_lorallortahBAn."%rt nd Rail-
wayp ny, South Australia
Extension and Laud e;
(Limited).
Gentlemen,—heaving paid to your hankers.
lie..,.
that you
Bevan. and Co., the sum of £ , I herebyreq--u;'t "arolay.
will allot me
shares of £2O each in the Adelaide (north
Arm) Poet and Railway Extension and Land Company, South
Australia(Limit- d) ; I hereby awe to accept such sh
pursuant to the articles of association, or any smaller num.:
ber that may he adotted to me, and to pay the calls on t
e
shares allotted. And I request you to place my name on th
he
register of sharehoideM—y a Gentlemen, your obedient
servant,

Usaal Agiiature
Dame in full
Address in full
Date ..... rau•sger/RewArw,lY