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 Subscriptions for this issue are invited by the 
 British Columbia Development Association, 
 Ltd., 45, Broad Street Avenue, London, E.G. 
 
 A TRADING COMPANY. 
 
 The Company acquires a praotical 
 monopoly in dealing with about 
 four-fifths of the passenger traffic 
 to Klondike. 
 
 Steamers and Machinery now on the 
 way to Lake Bennett. 
 
 Lake Bennett and Klondike Steam 
 Navigation Company, Limited. 
 
 Incorporated under the Companies Acts, 1862 to 1893. 
 
 Directors. 
 
 Right Hon. Thh Earl of Dunmorb, F.R.G.S., Chairman, 
 6i, Great Cumberland I'lace, London, \V. 
 
 R. BvuoN Johnson (Chairrnrin The British Cohimbia Develop- 
 ment Association, Llmitied),4r). Parliament Street, London, SAV. 
 
 Henry McDowell (Director Mining Transport and General 
 l''inance Company, Limited), Oatlands Park, Weybridge. 
 
 Aktiiiir ]. Sanderson, 66, St. James Street, Pall M.vll, 
 London, S.W. 
 
 The O'Clury, 2, Essex Court, Temple, London, E.G. 
 
 Advisory Board In Victoria, B.C. 
 
 Walton Edward Dowlen, M.E., HlniiiKin^' J>irecti,r In Victoria 
 (late Government Survey and Mtneralogical Department, 
 iirltish Columbia), Board of Trade Buildin(<s, Victoria, B.C. 
 
 Hon. David W. Higgins, M.IM'. (Speaker Legislative Assembly, 
 B.C.) Cadboro Bay Road, Victoria, B.C. 
 
 J, W, Powell (Late Government Commissioner Indian AfTairs, 
 B.C.), Victoria. B.C. 
 
 F. W. POrTfiRACO l.rn.. II. Worinwood^t, BC,--Bl7Dl 
 Toi No. am I Av, 
 
'■^1 1 if 
 L 14 z^ 
 
 l^^, "/v-<».^J^ 
 
 emnrantrum d %$$atmiian 
 
 OF THE 
 
 LAKE BENNETT d KLONDIKE STEAM NAVIGATION COMPANY, 
 
 UIDSITIBD. 
 
 1 
 
 / 
 
 I. The name of the Companir is "The Lake Bennett and Klondike Steau 
 Navigation Company, Limited. 
 
 3. The Registered Office of the Company shall be situate in England. 
 
 8. The objects for which the Company is formed are:— 
 
 (a) To establish and \vorl< in Britiih Columbl:., Dominion of Canada any lines 
 of steamers, and part cularly one to run from the head of Lake Bennett to 
 Dawson City. 
 
 (B) To acquire from Mr. F. M. Rattenbury all his interest In certain contracts 
 entered Into with him by The Albion Iron Worlts Company, Limited, Mr. W. J. 
 Stephens, and Messrs. A. M. Bannerman and James Brice, all of Victoria, 
 British Columbia, for the constriictiOD of steamers, or portions thereof, and 
 machinery, stores, and other articles and things, and lor the purpose of such 
 acquisition to enter into any agreements, and to carry the same Into effect with 
 or without inodificatioa. 
 
 (c) To obtain an Act or Acta of Parliament of the Dominion of Canada, or a 
 Charter or Charters for. and to build, equip and worl< a railway from the north 
 end of Marsh Lake to Hootalin^ua River, and a railway or tramway on either 
 side of the White Horse Rapids and Miles Canyon, and to obtala any land 
 grants, concessions and rights connected therewith. ' 
 
 (d) To purchase, take on lease, and otherwise acquire, any real and personal 
 property in British Columbia, and any concessions, licences, rights or privileges 
 which tile Company may think necessary, and to develop the resources of. and 
 ■ urn to account the lands, buildings, and rights for ihe time being of that 
 Compiny in such manner as the Company may think ht, and in particular by 
 clearintr, draining, fencing, planting, grazing, and minine, and by promoting 
 immigration and establishing towns, villages and settlements, 
 
 (e) To purchase, chatter, hire, build, or otherwise acquire and hold, steam and 
 other ships or vessels, or any shares or interests therein, and also shares, stocks, 
 and securities of any companies so possessed of or interested in any ships or 
 vessels, and to maintain, repair, improve, alter, sell, exchange, or Itt out to hire 
 or charier, or otherwise deal with and dispose of any ships, vessels, shares or 
 securities as aforesaid 
 
 (f) To employ any such ships or vessels In the conveyance of passengers, 
 malls, troops, munitions of war. timber, machinery, live and Head stock, meat, 
 corn, and other produce, and of treasure and merchandise of all kinds. 
 
 (G) Tocary on all or any ot the businesses of constructors and proprietors, of 
 railways, tramways, docKs, wharves, jetties, piers, saw mills, warehouses and 
 stores, and of ship own<!rs, ship brokers, insurance lirokers, managers nf sliljpmg 
 propel ly, Ireiaht contractors, carriers by land and sea, barge owners, lightermen, 
 loi war. ling atents, warelioiisemen, wharfingers, hotel proprietors, store keepers, 
 timber metchants, electricians, nieclianlcal engineers and general traders, 
 
 (H) To insure with any other company or person against losses, damaaef, 
 risks and llabiliiirs of a<l kinds wliich may affect this ('oinp.iny, anil also to car y 
 on ihe business of niaiine insuia'ce, and marine accidental Insurance In all lis 
 respective branches, and to effect re-Insurance and counter-insurance. 
 
 (I) To obtain, procure, purchase, take upon lease, or under-lease, exchange, or 
 acquire In any otlier manner, and upon any terms whatioever, any concessions, 
 privili'ges, or rights, railways, tranways, canals, water rights, lands, Iniildings, 
 lieredhainents, or otlier properly in the Dominion of Canada, ur el^ewliere, 
 whellier real or personal, corporeal or incnrpoieal, or any estate cv interest 
 (iieiein,or any rights, or piivilegesover, or in respect of the same, and wliether 
 vested or contingent, and whether In possession or reversion. 
 
 (j) To make, construct, acquire by purchase, lease or otherwise, and from time 
 to lime to niainlRin, wink, manage, and otherwise deal with any roads, ways, 
 works, wareh luscs, slicds, wharves, dock", stores, dwelling and other nouses, 
 niills, workshops, Irimways, railways and other roads, waterworks, watercourses, 
 and w.uer power ami sieam power In general, machinery, steam and other 
 engine,, iiniileniunis. tools, utensils, and any other erections, plant, articles and 
 things, wlili:li may trom lime to time be requisite or convenient for carrying on 
 or duvelapl iig any of the properties or businesses of the Company, 
 
 (Kl Til transact and carry on all kinds of agency business, and to establish and 
 TPgulile, w!ii'iher In lli'> United Kingdom or abroad, agencies for all or any of 
 the purposes ol ihe Cunipany. 
 
 anil to carry out, exercise, and comply with any such arrangements, right* 
 privileges, and concessions, and to obtain any Act of Parliament or order of any 
 such government or authority for enabling the Company to carry ii.to effect an 
 of its objects. 
 
 (M) To give any guarantee of or in relation to morteaues, loans, investments, 
 or securities, whether made, or effected, or acquired through the Company's 
 agency or otherwise, and generally to guarantee or become sureties for the 
 performance of any contracts and obligations. 
 
 (n) To raise money in such manner as the Company may think fit, and In 
 particular, by Ihe issue of debentures or by mortgage or charge upon all or any 
 of the Company's property, both present and future. Including its uncalled 
 capital, or otherwise. 
 
 (0) To make, accept, endorse, and execute cheques, promissory notes, bills ot 
 exchange, or other negotiable instruments. 
 
 (p) To sell or oiherwis.e dispose of any property of the Company to any other 
 company, person, or firm, and in particular, either for cash, shares, debenture 
 stocK, or mortgaie. or any other securities of any company, whether registered 
 in the Dominion of Canada, Eugland, or elsewhere, and whether such shares be 
 fully paid or not. 
 
 (Q) To enter into partnership or any joint purse arrangement for sharing 
 profits, union of interests, or co-operation with others, or any agency for any 
 company, firm, or person, whether carrying on businesses within the objects of 
 the Company or otherwise. 
 
 (R) To amalgamate with any other company 'n the Dominion of Canada, 
 England, or elsewhere, whether the objects of such company are or include 
 objects similar to those of the Company or otherwise, at d whether by sale or 
 otherwise for shares or otherwise) of the undertaking, sabject to the liabilities 
 of the Company or any such company as aforesaid, witl or without winding-up 
 or by sale or purchase (for shares or otherwise), of ,11 the shares or stock 
 of the Company or any such other Company as aforesaia, or by partnership or 
 any arrangement of the nature of partnership, or in any other manner. 
 
 (s) To sell, exchange, let on royalty, share of profits, or hire, or otherwise, use 
 and grant 1 cences, casements, and other rights, of and in respect of, and in any 
 other manner deal witli or dispose of the whole or any part of the undertakii g, 
 business, or property of tlic Company, to any company, firm, or person in the 
 Dominion ot Canaria, England, or elsewhere, and In consideration thereof to 
 accept in whole or part rash or shares, stcck, debentures, or securities of any 
 company whether the objects of such company are or include objects similar to 
 tliose ol the Conipiny oi (nherwlse, and to distribute any of the property ol the 
 Company among liie members in specie, 
 
 (t) To form, regi-trr, and promote any company, either limited by shares or 
 otheiwise, in tlie Uoniiiiion of Canada, England, or eisewhere, for the purpose 
 ol acquiring the properties or any of iheni iit the Company, or for any other 
 I' irpose wliirh may seem directly or Innirectly calculated to benefit this Com- 
 jiany, and to siiliscrilio f.ir and take or otherwise acquire and hold shares, 
 ilelientures, or stock therein, or in any other company having objects altogether 
 or in part similar to those of this Company, or carrying on any business Capable 
 of being conducted so as directly or indirectly to benefit this Company. 
 
 (u) To make advances for the purposes of the Company, either with or without 
 security, and in p.iaticular to agents and persons having dealings witii tlie 
 Company, and to persons desirous of developing the Company's property. 
 
 (v) To Invest money at interest on the security of land of any tenure, buildiDgs, 
 snicks, shares, seciiniies, merchandise, ami any other property in tlie L)ominloii 
 el Canailii, the liiiitid Kingdom, or elsewhere, and generally to lend and 
 alvancM to sucli persons upon such secuiltics and terms, and subject to iuch 
 c iniliilons as may seem expedient. 
 
 (w) To procure the Company to be registered, incorporated, or otherwise 
 duly constituted, if iiecessaiyor advisable. In British Columbia, the Dominion 
 Canada, or any foreign country, or any colony or depeniiency of the United 
 Ivingdom, 
 
 (X) To do all things as are incidental or conducive to the attainment of the 
 above objects, Including a power to pay brokerage or commission lor services 
 rendered In obtaining capital lor Ihe Company or otherwise, 
 
 4, The liability of the members is limited. 
 
 5. The Capital of the Company It if 150,000, divided Into 150,000 shares ol;ti 
 each, The Company shall have power to increase or vary such cnpllal, and to 
 Iscue any part or parts of the capital either for cash or In lespect of services 
 rendered, or to be rendered, to the Company, and with such guarantco or rUht 
 of preference, whether In resiiect of dividend, repayment ol capital, distribution 
 ef assets, nr any ol ihetn,iir with any other such special piivileges or advantages 
 over any share., lor the time being Issued, or at such preiiiinm, or with such 
 deferred riuhts as rnnipared with any shares previously issued or then aboat to 
 be Issued, or snbji ci 10 any such conditions and urovisions, and generally on 
 such terms as the Lumpany m.iy from time to time by resolution determine. 
 
 i 
 
 f54ir74 
 
8UBS0&IPTI0NS FOR THE UNDERMENTIONED ISSUE ARE INVITED B7 THE BRITISH 
 COLUMBIA DEVELOPMENT ASSOCIATION, UMITED. 
 
 A TRADING COMPANY WITH A PRACTICAL MONOPOLY. 
 
 1.— The Company practically acquir<!s a monopoly in dealing with about foor-fifths of the passenger 
 trafQc into the Klondike during tnis year. 
 
 2.— Steamers and Saw Mill Machinery now being transported in sections from Victoria, B.C. to Lake 
 Bennett. 
 
 3.— Under the terms of the Contract with the Vendor it is provided that two-thirds of the purchase 
 price shall remain in the hands of the Company until the steamers have been delivered at 
 Lake Bennett. 
 
 4.- Negotiations are on foot for completing through traffic arrangements with the Companies at Skagway 
 who control the wharf accommodation there and the transit over the White Pass. 
 
 The Subscription Lists are now open, and will close both for Town and Country on or 
 
 before Wednesday, the 9th March, 1898. 
 
 the: 
 
 Lake Bennett & Klondike Steam Navigation 
 
 COMPANY, I^IMITEO. ^ 
 
 Incorporated under the Companies Acts, 1862 to 1893. 
 
 CAPITAL^ - . £150,000 
 
 Divided into 150,000 Sliares of £1 each. 
 
 50,000 Shares will be issued to the Vendor in part payment of the purchase prioe, 
 and there are novi offered for subscription at par — 
 
 100,000 SHARES OF £1 EACH, 
 
 Payable as follo^A^s: — 2/6 per Share on Application, 7/6 per Share on Allotment, 
 and 10/- per Share t\Aro months after Allotment. 
 
 JItrtrtors. 
 Right Hon The EARL OF DUNMORE, F.R.G.S., Clmnnan, (il. Groat Cumberland Tliice, London, W. 
 
 R. BYRON JOHNSON (Chairman The British Columbia Development Association, Limited), 49, Parliament 
 Street, London, S.W. 
 
 HENRY McDowell (Director Mining Transport and General Finance Company, Limitinl), Oatlands Park, 
 Weybridge. 
 
 ARTHUR J. SANDERSON, CO, St. James Street, Pull Mall, London, S.W. 
 
 THE O'CLEllY, 2, Essex Court, Temple, London, E,C. 
 
 3iJ)bisotn iioarli in Oittorm, kV€. 
 WALTON EDWARD DOWLEN, M.E., Mmiaoin^ Director in Victoria (late Government Survey and 
 
 Mineralogical Departments, British Columbiiv, 13oard of Tnulo Buildings, Victoria, B.C. 
 Hon. DAVID W. IIIGGINS, M.P.P. (Speaker Legislative Assembly, B.C.), Cadboro Bay Road, Victoria, B.C. 
 J. W. POWELL (Late Government Commissioner Indian Affairs, B.C.), Victoria, B.C. 
 
 — li'ofiU agent, JHiitoson (Citn. 
 
 ALFRED REEVES, (late Geological Survey of Canada). 
 
 lianhcvs. 
 COMMERCIAL BANK OF SCOTLAND, LIMITED, 02, Lombard Street, London, E.C., nnd Branches. 
 BANK OF BRITISH NORTH AMERICA, 8, Clements Lane, Loudon, E.C., and Victoria, B.C. 
 
 ilrohcrB. 
 CLAYTON (fe ROSE, liartholoiuew House, Bank of England, and Stock Exchange, Loudon, E.C. 
 
 • liubitors. 
 
 LUMB, BARRON & Co., 85, Gracecliurcb Street, London, E.C. 
 
 Sfolititors, 
 In London:— boss & LEDSAM, 5, Fcnchurcb Street, London, E.C. 
 In VioToiiiA, B.C. :— GEORGE E. POWELL, B.A., Board of Trade Buildings, Victoria, B.C. 
 
 Setrcfary luib itUciistcrcti (LMfitts, 
 In London:— WALTER KELSKY, yn. (Iriicrcliurch Street, Lumlon, K.C. 
 In Victduia, B.C.: -SYDNEY BOO'lH, Bo.iid of Trade Buil.lings, Victoria, B.C. 
 
 PROSPECTUS. 
 
 OBJECTS. This Company is formed for the purpose of ostablisliiiif;' a line of stt'iinirr.>s tj run from 
 tlie head of Lake Bennett, through tiie continuoua waterway of Lake Bennett, Marsh liuke, Lake Liibargo, Lowe,4 
 River and the IJitpc r Yukon River to Dawson City, the monopoly for which route during tlie ensuing slmisou 
 has been practically secured by ibis Company, as explained in the following paragraphs, '['he objects of Ihu 
 Company will be : — 
 
 (a) To acquire a oonl.ract entered into the 2flth day of January, 1HI)8, between The Albion Iron Works 
 Company, Limited, of Victoria, British Columbia, and I"". M. Rattenliury, of the same place, whereby 
 the said Company undortakea to build the nnichinery completo fcr three steamers, together witii 
 boilers and all necessary appurtenances, according to ajjprovcd spccillcations nnd to deliver the 
 
same at any whaif in the City of Victoria wliicli may bo designated, on or before the 24tli day of 
 Jlarc-b, 18'.18, and in tbe event ol all tlic said niacliinery as aforesaid not bcin^ delivered on or before 
 the '2-itli day of .March, 18'.)H, the Albion Iron \Vorl« Company, Limited, will at its own cost and 
 ex]ierise deliver at Lake Bennett on or before the IJOth April, 1S!)8, such portions of the said 
 niacbiiiery as shall not have been delivered on the '24th day of March aforesaid. 
 
 (n' To acipiiro a contract dated 20th January, 18'.)8, entered into between the said F. M. Rattcnbury 
 and \V. ,T, Stephens, of Victoria, whereby the latter undertakes to supply all material and lauour 
 necfssury lor the construction of the frames, floor timbers, and hulls of three stern vheel steamers, 
 to l)e numbered, packed and delivi r'd at wharf at Victoria, B.C., on or before March 24tb, 1898, 
 ready for shipment to Lake Bennett. If not delivered on or before the t-pecified date, the builder 
 af^ioes to forfeit the sum of one hundred dollars per day, for each day of denmrrnge. 
 
 {o) To acquire a contract dated 20th January, 18i)8, entered into by the said F. M. Eattenbury and 
 A. M. Banni rman and James Bryce, the well known transportation contractors of Victoria, B.C., 
 wlicreby thi'y undertake to take charjije at the wharf in Victoria of up to 50,000 lbs. of .mixed freight 
 con:u8til'^' of niaehii;ery, boilers, woodwork, stores, &c., for three steamers, and to deliver the 
 name at Lake Iknniett in good and sotmd condition on or before tho 24th May, 1898. This contract 
 also calls for insiuance of the goods during the ocean transit to Skagway. 
 
 (n) To acquire a complete sawmill outfit with engine and boiler, with a capacity of 2,000 superficial 
 
 leet per day. 
 
 (f.) To carry out and obtain the benefits of the negotiations mentioned below. 
 
 PARTICULARS. — It is generally admitted that the Klondike is one of the richest gold bearinfj 
 eoi,niiie:i ( vi'i disicvtnd. and a rush is now setting in there such as has never hci'etofore been known, even in 
 the histny oi California, Australia, or ISouth Africa. 
 
 IVeparaiicns of every descviptinn are being made in most of the towns and cities on the Pacific coast 
 to hnndli' the frnHie for Kb n.lil;e this s])ring, which traffic has already begun on such an enormous scale 
 that steamship companies have been compelled to refuse both passengers aud freight, having more 
 bookings on hand than they can carry. 
 
 Lioni the infoin:afion furniihed by the local agents of these steamship companies and corroborated by 
 reports iippc ariiig in the daily jiress, it is sifo to estimate thai, at least 100,000 peojile will travel from San 
 Fr,inti.'-eo. 'I'aeomi, Smttle, Vancouver, and Victoria, B.C., to Dawson City during the coming season, via the 
 thiee most jirueticalilc routes, vi^. : — 
 
 (1) St. 'Miehaets and Yukon liivcr. ") 
 
 (2) Dyea or Skagway, Bennett Lake, Lewes River and Upper Yukon. > To Dawson City. 
 
 (a) \Vr.i!.gel. StiekLen liivcr, and Teslin Lake. J 
 
 Of tin :;e three routrs that by Skagway, Lake Bennett and the Upper Yukon Eiver is deservedly the most 
 popular for the r;^ason that it is the quickest, and avoids tho long sea and river journey via St. Michaels, which 
 ranly lane's the first pas-engi rs of the season at Dawson City before the middle of August, and also 
 obviates the long aud trying overland journej', which has to be travelled by the Stickeen Bouto. Out 
 of fvcry five inen who proceed to K!ondii;e it is estimated that four will go over the Chilcoot or White Basses 
 and hy tho Upper Yukon Biver route. 
 
 Taking as a ba-sis of calculation that only 50,000 men go in during the spring aud summer of 1898, 
 about 40 (UK) n ay be exjiic'iil to travel by this route. As a wa;_';.;on road over the White Bass from Skagway to 
 laiko 1> unott will be completed in the spring, there will be no ditlieulty in reaching tho ui)per end of the Lake. 
 I"ro;n that point onwards the journey without tho aid of this C'ompany's steamers would be one of great 
 iniiiviiiual ell'ort toil and )irivatioii. Isaeli man going in has to supply himself with provisions, personal 
 hag^aje, and fools. An oittlit that will enable a man to n main in the country for a year aud upwards will, 
 all told, a!!)ount to some 1,500 lbs. in weight. The present method of transporting this heavy load from the 
 u))per end of Lake Benuett is by means of rudely cons.trueted boats or rafts made generally by the voyagers 
 themselves. 
 
 It is understood that a lailway from Skagway to Lake Bennett will be completed this year, and*" 
 hundreds of jnojile are daily Laving the vari ais I'nrls on the Baeilic coast for Dyea or Skagway. At the 
 i^ro^ent moment it is widely known that many thousands of people are camping at the head of 
 lake Bennett, at Dyea and Skagwa,>, and by about tho find of May, there will undoubtedly be 
 many thousands of persons waiting for the opaumg of the lakes and rivers. 
 
 LIGHT DRAUGHT STERN WHEEL STEAMERS.- The Company is establishing a system 
 of liidit draught stern wheel hteanu rs which can be run from the terminus of tho road at Lake Bennett to tho 
 White Ih.rse lla|iids wiili every facility. From the n|)-stream end of the White Horse Bapids a tram-way 
 is in course of constriiciion for traus|iort of goods and passengers. From the down-stream end of tho 
 Bnpiils liie Company will liavi^ similar steamers to those used above tho Bapids, for transportation to Dawson 
 City, '1 h" \\lioie jouiiay Irom Vietoria, B.C., to Daw.son City, now taking, under favourable circumstances, 
 from :i!) to li) days will bo curtailed to about 12 days by this Company's Steamers. 
 
 MONOPOLY ENJOYED BY THIS COMPANY.— Tho Company's steamers are believed to bo 
 
 the only o;.e m e. iir. i oi e.m tr i: uon I'm' the lake and river service on this route, and as DO other boits of 
 ih's df;Script'on can be built and transported to Lake Bennett in time for the opening of this season, 
 this Company \/i!l hav« a practical monopoly of the trafllc for this season, and a substantial 
 advantage lor future operations. 
 
 NEGOTIATIONS IN HAND.— In addition to acquiring this most valuable monopoly, certain 
 
 apjilieatio s mid tenders to the Dominion and Brovincial Govornmonts have already been made. Among these 
 lire the following : — 
 
 [1) Sir Chiirles Hibbert Tnpper, as Solicitor for tho Vendors, has applied to the Dominion Government 
 tor 11 charter to build a railway from the north end of Marsh Lake to llootatinqua Biver, a distance 
 of .Ti miles, with land grants, coiieessions, and tho right to issue debentures for not more than 
 Sj.TodO per niile : also the right to build a railway or tramway on eitiuu side of tho White 
 Horse Bapids and Miles Canyon, a distance of about 8^ uiilos, the object of both railways being to 
 canuect dilTerent navigable water ways. 
 
(2) Negotiations nro pending for the acquisition of certain timber limits now under Government reserve 
 
 for this Company's use. 
 
 (3) A mail subsidy baa been tendered for. 
 
 (4) A letter lias been received from the Hon. G. B. Martin, Chief Commissioner of Lands and Works 
 Department, Victoria, B.C., stating that by the time the Company will require laud for terminal 
 pur))ose8 all necessary arrangements can be made. 
 
 CARRYING CAPACITY OP STEAMERS.— The three river steamers to be acquired by this 
 CouMiauy, and which, in sections, are already on the way to Lake Bennett, have a carrying cajuicity each of 
 from 75 to 100 jiass^engers, ai;(i about 40 tons of freight. These boats will draw some 7 inches in light draught, 
 an 1 about 18 inches loaded. The specifications call tor first-class workmanship in every particular, and the boats 
 will be of the most modern and up-to-date type of the typical Canadian light draught stern wheel steamer for 
 shallow rivers. 
 
 It is the intention of the Company to build scows or freight barges to be towed by the steamers, and as 
 soon as practicable to increase the number of steamers. 
 
 As a con-imoncfment one boat will be retained to ply from Lake Bennett to the Eapids (which is only a 
 iitalter of n fow liours journey), and tlie utlier two iHiUeed to run iroui bolow the llapiclsi to Dawsou City. 
 Each of the two hitter could accomplish from 5 to G round trips per month, whilst the siugle steamer from 
 Lake Bennett could readily serve each of the two other boats. 
 
 EARNING CAPACITY.— On the foregoing basis the following results may be reasonably 
 anticipated : — 
 
 Two steamers running each 5 trips a month and carrying, say 75 passengers = 
 
 each down trip at a through tare of .i;25 each ... j£18,750 
 
 Forty tons of freight at Cd. per lb. (carried by steamers) 20,000 
 
 Forty tons of freight (carried by scows) 20,000 
 
 Per month 
 
 i;58,750 
 
 Making a total for the season of four months of £235,000, wiiliout tiikini; into account tlio faros of 
 returning passengers or the fact that many passengers not able to liud places ou the steamers will take passage 
 on the barges. 
 
 Although these figures appear largo, it must be remembered that these steamers and barges will only 
 accommodate a small percentage of the many iliousii;.ds who will be ]iiishiiig tlirougli to KKjiulylce ; many of 
 whom would gladly pay very much larger tares and fVeiyhts to save the time, expense, danger and hardship 
 incurred in constiucliug and travelling in their own boats. 
 
 HOTELS, STORES, AND SAW MILLS.— The profits to be realized from the hitels which the 
 Compnuy propoi^es to erect at the head of Lake Beiiiutt, and at the White; Horse l!a|)iils, I'lom the stores to 
 be established at various points, and from the saw mills (the machi-ery lor which is now ou the way to the spot) 
 will be a very considerable and constant source of revenue. . 
 
 PROFITS. — On a moderate basis the Directors anticipate tiiat after making allowance for nil expenses 
 and contingc.icies. the net iirolit of the first years bleamur tialUc should be considerably over i;100,0UU, quite 
 apart from any profits from other sources. 
 
 PURCHASE PRICE. — The pnrchasc price of the strainers and saw mill delivered at Lake Bennett, 
 and of the benellt of the negotiations with the Caii;tdiaii and British Cohinibiaii Gtivennueiits Inis been fixed 
 by the Vendor Company at (he sum of llOO.OOl), payaliie as to .1*15,000 in cash, as to .£50,(J00 in fully 
 jiaid shai 63 (being the largest number allowed under the rules of tfie London Stock ExclKUig.-^), and as to the 
 remaining balance in cash or in shares, or jiartly in cash and jiartly in shares at the option of tin? Directors. 
 This will leave a sum of luO.OOO as working capital, wiiich, in the opinion of the Board is ample lor all purpjdcs. 
 The Vendor Company pay all expenses up to allotment. 
 
 CONTRACTS. — The following contracts have been entered into : — 
 
 (a) a conlr.ict dated 20th January, 181)8, between The Albion Iron Works Company, Limited, of Victoria, 
 
 B.C., and Francis Mawson Kattenhury. 
 
 (b) a contract dated 20th January, 18'J8, between W. J. Stc[)hens, of Victoria, B.C., and Finncis JIaw.scu 
 
 lialtcnhury. 
 
 (c) A contract dated 20th January, 1898, between A. M. Bannermau and James Bryce and Francis 
 
 Mawson Baltenbury. 
 
 (n) A contract dated 19th February, 1898, between Frauds Mawsou Battenbury, and the IClondiko Gold 
 licel's Kx|doration Company, Limited. 
 
 (e) a contract dated 4th March, 1898, between the Klondike Gold Keefs r.xploration Company, 
 Limited, and the Company, selling the benefit of all the above contracts to this Company at a prolit. 
 
 The Vendor Company have entered into contracts relative to the Innnalioii and issue of the 
 Company, and the guai'anteeing of such amounts as are required for the cash payments and the jirovision of 
 working capital, to none ol which contracts the Company is a party. Such contiacts, or some of them, 
 may, however, be construed as contracts within the meaning of Section 38 of the Companies Act, 18(i7, and 
 applicants for shares must therefore be deemed to have had full notice thereof, and to have waived any fiiillier 
 disclosure of such contracts, and to have agreed with the Company (as Trustees for the Directors and other 
 persons liable) to waive any claims against them for not more fully complying with Section 38 of the 
 Companies Act, 1HC7. 
 
 The Memoiandnm and Articles of Association and the above-mentioned Contracts cau be seen at the 
 offices of the Solicitors of the Company. 
 
 APPLICATIONS.— AjqilicalionH for shares should bo made on the accompanying form and forwarded 
 to the Blinkers of the Company, togisther with the amount due on application. If no allofmeul is made, the 
 deposit will be returned in full witiiout deduction. 
 
 A Stock I'.xchange quotation will be applied for in duo course. 
 
 rronpectiises and Forms of Application can bo obtained from the Bankers, Brokers, Solicitors, and 
 Auditors, and at the Olllccs of the Company. 
 
 l)aUd 4tk March, 1898. 
 
 \ 
 
ioi 
 
I?^ 
 
 5,003 miner's want by this route last year, and it is expected 
 
 No. 1 ROUTE.— Ocean Steamer from Victoria. B.G. to St. INIchaeJB. tlience by River Boat to 
 
 No. 2 ROUTE. Ocean Steamer from Yiotoria, B.C., to Dyea ( 
 
 (28 miles), thence by River Steamer down st 
 
 No. 3 ROUTE.— Ocean Steamer from Victoria, B.C. to Wrangei (American Territory) distant 
 
 150 miies to Teslin Laite, thence down stream 650 miles to Dawson Git 
 
:ed over 40,000 people' will travel by this sania route this S8aBDn. 
 
 t to Dawson City, making a total distance of 4.425 miles and talcing about six weelts. 
 
 a or Skagway (995 miles), thence over the passes to Lake Bennett 
 stream to Dawson City (575 miles), taking in ail about 12 days. 
 
 anoe 750 miles, thenoe by River Steamer up stream (150 miles), thenoo on foot over an Indian trail for 
 City, taking In all about 25 days.