1.—the Names And Situation of The Properties.

The freehold estates and leasehold runs now acquired by the Company, are known as Croydon, Waimea Plains, Wantwood, Okaiterua, Longridge, Dome, Eyre Creek, and Ardlussa. They are situated in the province of Otago and Southland, about 70 miles distant from the City and Port of Dunedin, on the east, and 50 miles distant from the town and port of Invercargill on the south.

There are already running through different parts of the estate two main lines of railway belonging to the Government—the one from Invercargill to the lake gold fields the other from Invercargill to Dunedin.

A company has been formed to make a branch line to connect these two main lines.

This branch line will run from Elbow to Gore, as shown on the map, a distance of 37 miles, and entirely through the Company's estate.

The whole of the capital required for this line has been provided, and the railway will be finished for use in 1879.