The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1894-09-01
THE ELECTRIC CHARTER.
The Privileges Asked for by the
Victoria Company.

lNtOt1CS OOLn pOhJ
The Victoria Company, which
proposes to build an electric rail-
road here, if a charter can be OBJ
tanned from the Government, asks
that such charter shall contain
the following privileges :;
The head office shall be in Homo
lulu.
That a majority of the directors be
residents of the Hawaiian Islands.
Provisions for organization of the
company and the powers OF directors;
power to borrow money and secure III
by mortgage; power of trustees to
foreclOse in default of payment.
That the company be authorized to
build, equip and operate an electric
railway to the Pail and Waikiki, ana
through the streets indicated on the
annexed map, or through other
streets which may be agreed upon,
the work upon such streets being I'M
der the supervision Of the Govern
ment.
Fares within the city proper not to
exceed five cents; special rates for
special accommodations, II cOmmun-
ity desire first and second class ser
vice; ten cents to Waikiki, anu con-
tinuous travel to the Pail not to eX-
coed fifteen cents
Company 10 have right to acquire
land and open streets as indicated on
the map; If not opened by the Gov
eminent: to lay sidings and occupy
stations.
TO have the right to buy, sell,
manufacture electric motors and ap-
planes aud deal in same.
The construction of the road to be
begun within nine months from
granting of charter.
(Note.-The preliminary surveys OF
the route; the profiles of the grades;
the diagrams showing curves and
switches; the manufacture of the varI-
GUS electrical appliances, to be In
accordance with such surveys Will re-
ouire several months. The rails can
not probably be made and delivered
from any European port WITHIN SIX
months from the date of ordering the
same. Grading and work on the road
beds should not be begun until the
rails are on the ground so that DIS
turbance to traffic would be as brief
as possble.)
The road, Approximately fifteen
miles in length, as indicated on the
map, to be in running order WITHIN
two years from granting OF charter,
otherwise the unOccupied portion OF
The franchise t. be forfeited, unless
extension is granted by the Govern
ment, but delays owing to litigation,
strikes or other cause for which the
company is not responsible, after eX-
ercising due diligence, not TO be
counted.
The work to be done in the best
manner according to the best modern
practice.
(Note-The cars will conform to the
latest improved design, style and
equipment.)
Provision to be made to protect the
public against poor service, the Gov
ernment holding the right, under just
restrictions, TO compel "a first class SER
vice, with reasonable rates of fare.
That the bonded Indebtedness and
capital stock shall not exceed the
reasonable cost of construction aud
equipment to the Company, ana
twenty-five per cent. thereon.
All material apd supplies used IN
the construction and equipment OF the
road to be admitted free of duty.
The plant, or securities based on IT,
to be exempt from taxation for ten
years.
Mote. Owing to the present de-
preston in business in all countries,
the material and supplies necessary
for the building and equlpplng Oh Ihe
road, can now be purchased or con-
tracted for at rates, which will I'M
doubtedly advance with the restora-
ton of business prosperity. The cost
will necessarily be great, exceeding
half Il million of dollars, and it would
be to the advantage OF those interested
in the undertaking, and who must
take considerable risk i'll it, to reduce
the cost as much as possible, consist
ent with the objects III view.)
The promoters of the enterprise
above set forth, are:
James Dunsmuir, of Dunsmulr *
Sons, owners of the Wellington and
ComoX Galleries; president OF the
Albion Iron Works Co., Victoria;
president of the Esquimalt and Nanai-
mo Ry. Co.; John II. Turner, senior
partner of the firm of Turner, Beeton
q Co., wholesale dry goods mer-
chants Thomas b. Hall, president of
the British Columbia Board of Trade
in 1898, and managing director of the
Victoria flour and rice mills; Frank
w. McCrady, superintendent OF the
Victoria electric Ry. Co.; Robert
Menaugh, electrical and mechanical
engineer; Clinton @. Ballentyne of
Victoria; VIM. n. Armstrong and
James b. Castle Of Honolulu.