Page 1 Advertisements Column 6

Thames Star, Volume XIV, Issue 4464, 26 April 1883, Page 1

Prospectus PROSPECTUS. OV THE ' AUCKLAND SHIPPING COMPANY (Limited). ; CAPITAL. £150,000, " Iri 30,000 Shares of £5 Each. The Capital is to be called up as fallows': 5s per share on application, 5s per skare on allotment; 6s per share 'at intervals of three months, as required, until £3 per share is paid up. ; Pboviskmtal DiireoTOßS: Anderson, H. F.,'JKsq Morton', H. 8., Esq. Aickin, Graves, Esq. Mitchelson,. E., Esq., Barber, 1 H. P., Eaq. M.H.R. Carr, X. t C., Esq. McKenzie, D. H., Esq.... Chambers, Jno., Esq. Masefiel'd, T. T., Esq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar, A., Esq. Owen, G. W., Esq. Geddts, J. M., Esq. Porter, A., Eeq. " > Hardy, J. Esq: Stone, C. J., Esq. Hulnie,' Geo., Esq. Stone, C. B:, Etq. ■' Harper, Geo., Esq. Tonks, 8., Eaq. Hull, W. F., Esq. Wilson, J. L., Esq. BhOKEBS : Brokers' Association.' '• ' •': MANAGING DlBBCTOB: C. B. Stone, Esq. . - - - . •:'/ Secbktaby, bbo tsic. :' '" :' T J. C. Berger. \: The; object of this Company is to .provide tonnage vuicable to the growing trade" of. the Porttf Auckland; so. that the imports and exports of our city .may be as much~aa possible' carried in xocaixt owned VESSELS, and the shipping business carried on by a PUEKUT _ LOCAL COMPANY. , .-■'•" The Tates of freights current in this colony compare ruost 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 intercoloninl. ' The acknowledged daily increasing commermercial im ; ortaoce of Auckland is a source of, gratification, and tbe shipping trade, under ~ skiiful management, and with sufficient capital, would meet -with speedy and great development with many parts of,the .World with 1 which we'are at present hot in absolutely direct; communication.' ' •." -■■-.-■ The object of this Company is to provide VPBsels 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 London, Liverpool,and Glasgow, with New York, and with, tome-of the larger centres of Continental European trades. Of course, ihe large and increasing export of balk .and sawn timber will form an important adjunct. A trade with ■> Tasmania, Sydney, Melbourne, Adelaid.e, &c. f ■ being already established, could easily be con-' tiriued with regularity, whilst,., the Newcaitie and Greymouth coal trades should be also'provided for. , There is a vast field in prospective, for a good trade, with A: erica, Mauritius, China, Manilla,"Calcutta, The, Cape, Noumea, and. numerous foreign poriß, wiih some of which, even at the present moment, a profitable "dftecrwatte~ls tielng-carrlßthwn-to-wdwulturjr —- 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 1 from 'time to time charter. vessels when required, in~the event of their own Dot being immediately available. - ; '*'„'' Messrs Stone Bros., who have for tome time carried on a good sbipping business, and who haje now fairly started a - new. London line, possess the nucleus of a fleet suitable for .commencing operations, and arrangements hare 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 takiDg half the amount' in Company's shares. Their fleet, consisting of ; 8 vessels, with aggregate tonnage of 2648 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. Stoho/as managing • director, and the ftaff at present under his control, who are experienced in this line of business, have been secured to -take- office t 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, further capital will not be called up unt 1 vessels suitable for the London and other trades may offer for sale at ea bod able prices, until which time it is proposed to charter vessels as required t# 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 tbe undertaking every possible support.- The Company would thua 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 success of the undertaking, now appeal to the public to ensure it by subscribing freely for Shares. " ' ' . LIST OF VESSELS. ; Tons Regis ten Laira, Iron Barque .„ \ „,"492 Alceslis, Iron Barque ... .„; 393 Stanley, Wooden Brigantine ... 351 tarnell, Wooden Brigantine .-..' 348 Caberfeidh, Wooden Barque ... 333 Peerless, Wooden Brigantine ...- . 292 ■' , Bella Mary, Wooden Barque ....=244'. 1 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, equal to £6860 per annum, exolusive of charge for Insurance on Hulls;' '•- ■ : ■ - These figures serve -to show that with a larger fleet, extended business, and more capital, substantial dividends may confidently ' -be anticipated. •' '> ' * 1400 AENAMjBNTAL Printing, in oolora, gold U otihtooM* in -* ityh * hitherto unobtain* •bio on tko Tkanwi at tt», Inraw6uff Ofloe: -: ■> t - ■ ■• :i« j •.*•' ■• : >'■ ' ' "J ■.. . '■*■- ' .: