Page 3 Advertisements Column 7

Thames Star, Volume XIV, Issue 4461, 23 April 1883, Page 3

Prospectus PE O S P E! C T TJ S OF THE AUCKLAND SHIPPING COMPANY „, (Limited). . CAPITAL ... ... ... £150,000, .. In 30.0 CD Shares of £5 Each. . The Capital is to be called up m follows: 5s per sham on application, 5s per skate on allotment;, 5s per share at interrals of three months, as required, until £3 per share is psid up. - . .-.;-' :■■■ Provisional Dibictobb: ■ Anderson, H. F.,E«q. Morton, H. 8., Esq. Aickin, Graves, Esq. Mitchelson, E., Esq., . Barber, H. P., Esq. M.H.R. Carr, R. C, Esq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefield, T. T.,. Esq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar, A., Esq. Owen, G. W., Esq. Geddes, J. M., Esq. Porter, A., Esq. Hardy, J. Esq. Stone, C. J., Esq. Hulme, Geo., Ef q. Stone, C. 8., Esq. Harper, Geo., Esq. Tohks, 8., Esq. Hull, W. F., Esq. ' Wilson, j.'L:, Esq.] Bhokbbs : Brokers' Association. Managing Dibictob: 0. 8.~ Stone^Esq. Secektabt, sboxbit.: J. C. Berger.. . ■ The object of this Company is to provide tonnage suitable, to the growing trade of the Port of Auckland, so that the imports and exports of our city may be.as much as possible carried in iocalei-OWKED vessels, and the abippiog business carried on by a PUBKtY LOCAL COMPANY. The Tates of freights currentin this colony compare most favorably with, those ruling in neighboring colonies, and are.as a rule sufficiently remunerative to leave a good profit, trading hence eif er foreign or intercolonial. The acknowledged daily increasing commermereial importance of Auckland is a source of gratification, and the shipping trade, under skilful management, and with sufficient capital, would meet with speedy and great development with many parts of the World with which we are at present not in absolutely direct communication. . ' The object of this Company is to provide vessels to trade in the directions already opened, and Others which may from time to time offer inducements. - ' There is ample room for a well-organised new line between Auckland and Lendon, Liverpool and Glasgow, with New York, and with some of the larger centres of Continental Enropean trades. Of course, Ibe large'and increasing export of balk and sawn timber | will form an important adjunct. A trade with Tasmania, Sydney, Melbourne, Adelaide, &c, being already established, could easily be continued with regularity, whilst the Newcastle and Grey mouth coal trades should be also provided for. There is a vast field ia prospective for a good trade wiih A > erica, Mauritius, China, Manilla, Calcutta, T!ic~ Cape, -. Noumea, and numerous foreign ports, with some of which, even at the present moment, a profitable direct trade is being carried on in a desultory manner, and which would find," support from the new industries lately .established here and in prospective establishments. The Company do not propose to limit themselves to running their own vessels, but will from time to time charter vessels ,when required, in the event of their own not being immediately available. Messrs Stone Bros., who have for some,time carried on a good stripping business, and who have now fairly started a new London line, possess the nucleus of a'fleet suitable for com- -. mencing operations, and arrangements have been made to take over their vessels and the goodwill of their shipping business for the sum of thirty thousand six hundred and fifty pounds (£30,650), they taking half the amount in Company's shares. Their fleet, consisting of 8 vessels, with aggregate tonnage of 2642 tons, should be augmented as soon as possible, 80 that the business may be extended without delay, especially the London and American branches. The aervic b of Mr C. 13, Stone, as managing director, and the staff at present under his oontrol, who are experienced in this line of business, have been secured to take office under the new Company. It is further proposed that the working expenses should be conducted on strictly economical, principles, the expense of agencies and branches to be defrayed out of commissions on - the actual freights earned by those branches. . The proposed capital is set down at £150, 000, but as only a small portion is required at present for the purchase of the existing fleet and contingent expenses, further capital will not be called up unt 1 vessels suitable for the London and other trades may offer for sale at reasonable prices, until which time it is proposed to charter vessels as required to supplement the present fleet. : It is proposed to invite all Auckland busi-ness-men and all who may have any interest in the trade of our port to take Shares in thie local Company, and to give the undertaking every possible support. The Company would '' thus be in a measure self-supporting, and strong enough to compete most successfully with any outs de or foreign company or foreign shipping. The Company could then not fail to be a credit to our port, and a moit lucrative investment to Share-holders. The promoters having every confidence in the Buccees of the undertaking, now appeal to the public to ensure it by subscribing freely for Shir s. LIST OF VESSELS. Tons ■= - Register Lairs, Iron Barque ... ... 492 Aloeslis, Iron Barque 393 Stanley, Wooden Brigantine , M 851 Parnell, Wooden Brigantine ... r 848 Caberfeidh, Wooden Barque ... . 383 Peerless, Wooden Brigantine , 292 Bella Mary, Wooden Barque .... 244 _ Energy, Wooden Three-masted Schooner ... ... , ..'. 185 2642 An extract from the Books of -Messrs Stone Bros, shows that seven vessels of the value of £25,000 yielded an average monthly profit of £530, equalto £6360 per annum, exolusive of charge for Insurance on Hulls. These figures serve to shew that with a larger fleet, extended business, and more capital, substantial dividends may confidently be anticipated. 1400 HOT PIES! HOT PIES I _— : .- ■vIHAVE now recommenced making my Celebrated SCOTCH PIES, Which can be obtained EVEEY SATUBDAY At my Establishment, POLLEN STBEET. JAMES FORGIE, BHEAD AND, BISCUIT, BAKER. i "A dmp embrowned tint, which tell* the , nature of the Uar MbQoWAK sells "al »• a „ pound ;