The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1862-05-15
1T is ROPOSED TO FORM A NEW
II Company. under the above title. on the fuNcN inz ba.is


1T Is PROPOSE TO FORM A NEW
u Company, under the above title, on the following basis
Companies Planters, Merchants aud Freighters on the different
Islands. No one Of which to hold a prepouierating interest IN
the Company, or IL they do. to have only the same vote az
Shareholders with less interest.
well as the Charter ptt priviitges, nniild din Sc. Of the Hawaiian
Steam Navigation Company, at a fair valuation
Charter, extending the time Of the present one to fifteen years
and 70 grant the new Company a subsidy for carving .e mails
and to be allowed also to own and run schooners If they choose;
to forfeit all their privileges should they fail for twelve months
to run a steamer Of not less than $50 tons.
4h TO run the "Silauear in tho meantime. as long rs she
pays her expenses, Or until she can be SOIL, when a suitable boat
5 to he purchased or ordered, such as the Company may decide
5th-To purchase clipper schoOners, or admit them into the
find by experience, whether it will be to their interest to replace
them with, or convert them into steam vessels.
III IL WIN be seen that On ms principle, the Planters and the
absoi1,qIv sate nosi,i1, sr tbrv wni ~ nv IL IN ,heir n@ser %
both, Whichever proves to be most profitable, and most to the
general interest, whilst the planters will never be et without
ing up the shares is, besides the evident one Of Interesting the
whole community, that the boats can be run without insurance,
as the interest that each person holds being small, and also
small vessels, one insures the other whilst should their large
steamer be lost, the schooners or steam-schooners would doa
q q new psssei coa 4 p pay Sb anifrsi' 0 "e' '0'' 4~1 INCH -" U"A
With regard to the Charter TO be applied FOR, 10 delay need
take place in applying for shares in the new Company on that
account, as until it is obtained the purchase viii not 60 into
Effect unless by consent Of the Shareholders,
No cash advances will be required by Shareholders, as the
approved notes ef any Planter, Merchant, or citizen viii be
taken for the property to be purchased.
No one applying for shares will be bound to take them, until
he approves Of the steps taken, and resolutions passed at the
first meeting Of the subscribers, the date Of which will he duly
advertised ) and if lie does not approve OF same, he can with
draw his application.
Applications for shares will lie received by the undersigned
In the form hereto annexed. IL is proposed that no one nrn "
individual be allowed to take more than 5000 interest IN ne
new Company, or il they do, that they viii have the same nuin-
Der OF votes as a Shareholder. holding $4,000 stock.
All applications for shares will be granted in the order they
are received by the undersigned.
W. L. GREEN, Secretary to the
Hawaiian Steam and General Inter Island Navigation Co
Germ OF application for shares)
(Date)
SRI I'VE viii thank you to enter our names for S.--...."'
OF stock in the Hawaiian Steam and General Inter-Island Navi-
cation Company. on the understanding that we are allowed 10
withdraw our application. should the general course OF action
at the first meeting of the Subscribers not meet with our apprO
baton, or the terms of payment not suit us.
W. L. GREEN, Secretary to the