Page 1 Advertisements Column 6

Thames Star, Volume XIV, Issue 4463, 25 April 1883, Page 1

Prospectus PROSPECTUS OF THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL ... £150,000, In 30,000 Shares of £5 Each. The Capital is to be called up at follows: 6s.per share on application, 5s per skare on allotment, 5s per share at intervals of three months, as required, until £3 per share is paid up; ' Provisional Dibkotobs: Anderson, H. F.,Eiq. Morton, H. 8., Esq. Aickin, Graves, Esq. Mitchelson, E., Esq., Barber, H. P., Esq. „. M.H.R. Carr, B. C, Esq. McKenzie, D. H., Esq. , Chambers, Jno,, Esq. Masefield, T. T., Eeq. , Craig, Jos., Esq. Nathan, A. H., Esq. , Dewar, A., Esq. • Owen> G. W., Esq. Geddes, J.M., Esq. Porter, A., Eeq. Hardy, J. Esq. Stone, C. J., Es«j. Hulme, Geo'., Esq. Stone, C. 8., Esq. Harper, Q-eo., Esq.. Tonks, 8., Esq. ! Hull, W. F., Esq. Wilson, J. L., Esqi] BhokbßS: Brokers' Association. . , MANAGING DIBECTOE: C. B. Stone, Esq. Seceetaby, pbo tbw. : , J. C. Berger. ; The object of this Company is to. provide tonnage suitable to the growing trade of ihe , Port of Auckland, so'that the importß and l exports of our city may be as much as possible I carried in locally ownbd vessels, and the shipping business carried on by a pebbly LOCAL COMPANY. The rates of freights current in 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 eit er foreign or intercolonial. The acknowledged daily increasing commermercial im; ortance of Auckland is a source of I gratification, and tbe shipping trade, under "skilful management, and witk 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 1 new line between Auckland and London, Liverpool and Glasgow, with New York, and i with Eome of the larger centres of Continental. ! Enropean trades. Of course, the large and increasing export of balkl-and sawn timber will form an important adjunct. A trade with I Tasmania, Sydney, Melbourne, Adelaide, 4c, being already established, could eaiily be continued with regularity, whilst the New--1 castie and G-reymouth coal trades should be also provided for. . f There is a vast field in prospective for a good trade with A" erica, Mauritius, China, Manilla, Calcutta, The Cape, Noumea, and nnmerouß 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 eventof their own not being immediately available. ; r, : M Messrs Stone Bros., who have for sometime carried on a good shipping business, ani who have now fairly started a new London line, possess the nucleus of a'fleet suitable for commencing 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 (£80,650), they taking half the amount in Company's shareß. Their fleet, consisting of 8 vessels, with aggregate tonnage of 2642 tons, should be augmented as soon as possible, so that the business may be extended without delay, especially the London and American branches. '. ' The servic s'of Mr C. B. Stone, as managing director, and the staff at present under his control, who are experienced in this line of business, have been secured to take office • under the new Company. It is further proposed thai 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, farther capital will not be called up unt 1 vessels suitable for the London and other trades may offer for sale at teasonable prices, until which time it is pro* posed 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 Bhares in this 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. Tbe promoters having every confidence in the success of the undertaking, now appeal to the public to ensure it by subscribing freely for Shares. LIST OF VESSELS. .: Tons Register"; Laira, Iron Barque ... ... .492 Alcestis, Iron Barque 393 Stanley, Wooden Brigantine ... 351 Parnell, Wooden Brigantine ... ' '348 Oaberfeidh, Wooden Barque ...' 333 Peerless, Wooden Brigantine ... 292 Bella Mary, Wooden Barque ... 241 , Energy, Wooden Three-masted Schooner 185 2642 An extract from the Books of Messrs Stone Bros, shows that seven vessels »f the value of £25,000 yielded an average monthly profit of £530, equal to £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. ' l,'- , 1400 rvBNAMiiINTAL Printing,. in colors, gold U orbronse in • sty ibitii*rtd«noDtsinable on the Thamw at tk« IrwiM 9u* Ofio* /. .- . ' - '.:-/-■ - ' ;