The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1862-06-05
PROSPECTUS.

COMPANY, CAPITAL
1T is PROPOSED TO FORM A NEW
a Company, under the above title, on the following basis
companies, Planters: Merchants and Freishiers on the e different f
Islands. No one of which TO hold a prepoaderating interest in
Shareholders with less interest.
well as the Charter privileges, Buildings, &c. Of the Hawaiian
Steam Navigation Company, at a fair valuation
3d.-To apply TO the Legislature now in session, for a new
Charter, extending the time of the present one to fifteen years
and to gran, the new Company a subsidy for carrying the 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.
4th TO run the "HiIauea" in tho meantime, as long as she
pays her expenses, OF until she can be sold, when a suitable boat
is to be purchased or ordered, such as the Company may decide
5th.-To purchase clipper schooners, or admit them into the
Company at a valuation The Company TO run them until they
find by experience, whether it will be to their interest 10 replace
them with, OF convert them into steam vessels.
Public, as well as the new Company, place themselves in an
absolutely safe position, for they will have it in their power to
both, whichever proves TO be most profitable, and most to the
general interest, whilst the planters will never be left without
vessels to bring their produce to market. The object Of divid-
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
each shareholder owning a share 10 a number OF Comparatively
small vessels, one insures the other whist should their large
steamer be lost, the schOoners or stean-schooners would do a
good business. and pay interest on her cost and their own until
With regard to the Charter to be applied for, no delay need
take place in applying for shares in the new Company on that
account, as until it is obtained the purchase will not go 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 Ell 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 ut the
first meeting Of the subscribers. the date Of which will be duly
advertised and II he does not approve Of same, he can with
draw his application.
Applications for shares will be received by the undersigned
In the form hereto annexed. 1t is proposed that no one firm or
individual be allowed to take more than $1,000 interest in the
new Company, or if they do, that they will have the same num-
Der OF vetes as a Shareholder, holding $1,000 stock
All applications for shares will be granted in the order they
are received by the Undersigned
". l. GREEN, Secretary to the
Hawaiian Steam and General Inter Island Navigation Co.
Term Of ssnTcation for Shares
(Date9
SIR Wv viii thank you to eDtSr our names for S..
OF stock in the Hawaiian steam and General Inter island Nayi.
CATION Company, on Tx understanding that we are allowed to
withdraw our anfication, should the general course of action
at the first -ieeting of the Subscribers not meet with our appro-
baIIon, or the terms Of payment not suit Us.
w. L. GREEN, Secretary to tho
Haw. Steam and General Inter-Island Navigation Co.
3I2-Ilq