The Leeds Mercury

5 October 1833

Sydney papers to the 18th May have been received by us. A Society has been formed there under the denomination of the Australian Steam Conveyance Company, the object of which is to promote the more extensive application of steam machinery to conveyance, both by water and by land. The first undertaking of the company was to establish a steam packet of twelve horse power between Sydney and Parramatta, the cost of which, including boat, engine, and all appurtenances, was estimated not to exceed two thousand pounds, and the whole was to be manufactured, as far as practicable, within the colony. The capital was to be raised by four hundred transferable shares of five pounds each, and no individual was to hold more than twenty shares. Three hundred shares were already taken up by the residents in Sydney.