THE HAYLING RAILWAYS COMPANY.
INCORPORATED BY ACT OF PARLIAMENT,
23rd and 24th Vic., c. 166.
CAPITAL £50,000, IN 5,000 SHARES OF £10 EACH.
DEPOSIT ON APPLICATION, £1 PER SHARE, AND £2 ON ALLOTMENT.
DIRECTORS:— Admiral Sir Henry Leeke, K.C.B., K.H., M.P., Chairman. George Gowland, Esq., (Messrs. Walton & Gowland.) George Braginton, Esq , Banker, Torrington. Compton Reade, Esq., Lincoln’s Inn Fields.
BANKERS;— Messrs. Glyn, Mills, & Co.. Lombard-street.
CONSULTING ENGINEER James Abernethy, Esq., M.I.C.E.
ACTING ENGINEER:— Thomas J. Hay, Esq., C.E.
SOLICITOR : George T. Porter, Esq , 4, Victoria-st., Westminster.
SECRETARY Samuel Oldfield, Esq.,
BROKER:— R. Nunes, Esq.. 33, Throgmorton-street.
OFFICES: 61, Lincoln’s Inn Fields, W.C.
THIS Company is formed for the purpose of affording increased facilities of direct communication between the metropolis and the Isle of Wight, and of aiding the development of Hayling Island, one of the most agreeable sea-bathing places on the South-Coast, and to utilize Langstone Harbour, the capabilities of which for mercantile purposes have been long admitted, whilst its national importance has been recognised by many of the principal Admiralty and public authorities. Amongst others, by he late Admiral Sir George Cockburn, Viscount Fitzhardinge, Sir John Pakington, Lord Monck, and Sir Baldwin Walker.
The Company’s Act empowers the Directors to construct a railway from Havant, at the Junction of the Brighton and of the South-Western Direct Portsmouth Railways, to the mouth of Langston Harbour, and to purchase sufficient land adjoining the Railway for the construction of Docks, Wharfs, or any other accommodation which may be required.
The present traffic Langston Quay is very considerable, and notwithstanding the disadvantage of cartage from this Quay to the Havant Railway Station, a trade in coal and goods alone is now carried on at Langston Quay exceeding 7,000 tons per annum; Langston Quay being, in fact, the nearest communication with the sea, for a large district of the Brighton and South-Western Systems, comprising the towns of Havant, Chichester, Botley, Waltham, Petersfield, Midhurst, Alresford, Haslemere, Alton, Petworth, Arundel, Godalming, and about one hundred and twenty small towns and villages.
The proposed Railway must immediately increase and develope the existing traffic, and there can be no doubt that all, or nearly all, the coal trade at present brought into Portsmouth Harbour, will eventually be transferred to Langston Harbour, inasmuch as there is at Portsmouth no convenience between the ship unloading cargo and the Railway on which it is to be carried, and a large portion of the coal and other traffic, now carried on the Direct Portsmouth Railway, is, in fact, brought from Southampton.
Under these circumstances, and with the prospect of a very large amount of traffic in Langston Harbour, and the development of a first-class watering-place in Hayling Island, within a short ride of London, and in immediate communication with the Isle of Wight and Brighton and South-Western Systems, the proposed undertaking is strongly recommended to the Public as promising a large return upon the capital expended.
The Directors have made arrangements with a substantial contractor, which will secure the opening of the line for traffic in twelve months, and at a cost within the amount authorised to be raised by the Company’s Act.
The owner of two-thirds of the land necessary to be taken for the Line has agreed to accept two hundred paid-up shares in payment; and the parliamentary expenses, including the preliminary survey, plans, engineers’ and solicitors’ charges, up to the publication of the prospectus, will be defrayed by two hundred paid-up shares.
Applications for Shares must be made in the form annexed to the Prospectus accompanied by a banker’s draft or cheque upon a banker for the deposit of £1 per share.
Prospectuses and Forms of Applications for Shares may be obtained at the Offices of the Company, also of the Solicitor and Brokers of the Company.