Shipping.

Evening Star, Issue 2974, 30 August 1872, Page 2

Shipping.

HIGH WATER. TO-MOKROW. Hidads I Port Chalmers I Dunedin 1.23 p.m. | 1.52 pm. I 2.37 p.m PORT CHALMERS. ARRIVED. Geelong, from Oamaru. sailed. Awarna, for Bluff CUSTOM HOUSE, DUN BO IN. THIS DAY, INWARDS. * Geelong, 108 tons, Sinclair, from Oamaru, PROJECTED DEPARTURES. Albion for Northern Ports, Sept. 4 Anne Moore for Wanganui, early^ Beautiful Star for Tiauru, Aug. 31 Otago for London, early. Phoebe for Northern Ports, Sept. Pioneer for Port Molyneux, Aug. 31 Pretty Jane for Port Molyneux, Sopt. o. Rangativa for Northern Ports, Sept. 3 Rangitoto for Bluff, Sopt. 4. William Davie for Lomlon, early Thep.s, Geelong arrived last night with SOO sheep and a full cargo of produce. The schooner Awarua sailed last evening for the Bluff. With reference to the success of steam shipping companies in New Zealand, the Wanganui Herald says :—“Tho Wellington Company paid something like 70 per cent, per annum at their last meeting. The shares are at the nominal value of i 10, but only LG we believe has been paid up. The consequence of the extraordinary division of profits was that the shares went up to Ll4 10s, at which price they were so d under the hammer Many of our readers remember the old company, with its litigation, its shares unsaleable at a discount of 70 per cent., and its general bad fortune. A change has come over the spirit of the dream ; the fortune is now as bright as it was bankrupt a few years ago. The Wanganui Company has also experienced a change which the shareholders will receive with thankfulness. Without making any calls upon the shareholders, the company has now two vessels instead of one. Tho St, Kilda has been paid for in seven or eight months out of profits, and is now earning very nearly as much as her sister boat the Wanganui. A short time ago the very reprehensible and unbusiness-like practice occurred of returning a potion of the capital, and the shares now stand at L 7 os paid up, the nominal value being LlO. During the last three months the company has con-, tended with many difficulties. Yet, in spite of every adverse influence, directors have decided to declare a dividend at the rate of 20 per cent, per annum on the last halfyear’s operations, leaving sufficient in good and available book debts to pay for repairs which the Wanganui must soon undergo.”

ELECTRIC TELEGRAPH

Lyttelton, August 30.—Sailed at .11 am. yesterday, the Rangitara for Dunedin. The Pet from Hobart*town has arrived.