Page 1 Advertisements Column 6

Thames Star, Volume XIV, Issue 4469, 2 May 1883, Page 1

Prospectus PR 0 8 P E C f UJ OF THE AUCKLAND SHIPPING COMPANY (Limmsbd), CAPITAL ... , .... 7 .;.. £160.000,' In 30,000 Shares of .£$ Each. , - The Capital is to be called up as fallows : 5b per share on application, 5s per share on all.tment, 5s per slare'at'intervals of,'tbree months, as require i, until £3 per' shire is paid up.' - ' " Fbotisiovajj Dibkciobs: ' - Anderson, H. F, Esq Morton, H. B.,Esq. Aickin, Graves, Esq. Mifcohelson, E., Esq., Barber, H. P., Eeq. M.H.R. Carr, K. C. r Esq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefiel.l, T. T., E«q. Craig, Jos., Esq. Nathan, A. H., Esqr Dewar, A., F«q. Owen, G. W., Esq. Gtaddcs, J. M"., Esq Porter, A., E»q. -„ , Hardy, J. Esq. . Stone, C. J., K*q. Hulme, Geo., Eg. Stone, .0. 8., Esq. Harper, Geo., Eeq. Tonka, 8., Eeq. . . .Hull, W. F., Esq. Wilson, J. L./ Esq.; <> Bbokbbb: , t Brokers' Association^ Makaguhg Dibectoh.: r C. B. Stone, Esq.. Secbbtabt, pbotbm. :, J. C. Berger. r .The object of this Company is to provide tonnage suitable to the growing trade of the Port of Auckland, bo that< tb« imports and exports of our city may be as much as possible carried in EOCAM.Y- owned vzbseM, and the shipping business. carried on bj c; PEBBLY lOqAL..CQIJP4HT. f v.- . . --, . >^ I ,<. % ,U'\: ■■ <- '' TheVates ,of; ft'eights (mrrent si|a|lu(;:ioC^ony compare moat'favorably with those ruling in neighboringcolonies, and are as, a .rule suffi. ■'eiently'remu^ritiY«^pfJpaVe^i»}.%oo^'''' iip'rbfir, trading hence eit; 6r foreign or intercolonial. The acknowledged daily increasing, comtnermercial im orfcaitfee of Auckland is-a' source of gratifieat'on, and the shipping trade, under 'sKilful managem&it^, Ifld rwit!h A ' suftioient capital, would meet wtth r> speedy and great developmentwith;n]any b'partiBT!6f!tHi World with which we are at present hot in absolutely direct communication. -'^ ■''■■- ' !i m The" object of this Company is:*to'jpifOtide yssels to trade in the ■ directions already opened, and others which may-from time to time offer inducements; ' .- ■■■>.• :<>»b-*l7 There is ample room for a well-organised Hew / line between Aockland and .London, (Liverpool and Glasgow, with New, York, 'and with come of the larger centres of Continental Enropean trades. Ofr^coureej the..large and increasing export of balk f and.Bawn ;; timber will form an important adjunctv : A;trade with Tasmania, Sydney, Meib'onrneV : Adelaide, Ac, being already established, could easily be continued with . regularity^ whilst the Newcastle and Grraymoutu coal trades should be salsa provided for. ;•.*.,'-■ ;o There is a vast field in prospective for a tgood trade with • A i erica, Mauritius, .China, Calcutta, The Cape) »nd nnmerous foreign poris, wilb. some of which, etren, afc 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 propoteV" to .limit 'themselves to running their own! Vessels, but 'will from time td; time charter .^«iiolß f when required, in the event of ttieir own not being immediately available. _ '; .! ; Stone Bios.', who hajre for aomeiime carried on a good shipping business, and who hare now"fairly started a new London'line, übsßesß the nucleus of a fleet suitable for commencing operations, and arrangements have been made to take over iheir vessels and' the goodwill of their shipping buainesi for the sum of thirty thousand six hundred and fifty pounds '(£30,650), they taking half the:amottnt in Company's shares. * Their fleets conaiiting of 8 vessels, with aggregate tonnage of 2642 tons, should be augmented as soon as possible, ao that the business may be extended without delay, especially the London and American branches. ■ The sorvic aofMrC. B. Stone, as managing director, and the staff at present under - his control, who are expdriehcect in ' this' line of business, have been' secured !to ■ take offioe under the new Company. * *• ' It is further proposed that the working ex* ponsee should be conducted on strict)y economical principles, the expense of agencies and branches to be defrayed out of commistions 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 vapital will not be called up untl vessels suitable for the London and other trades may offer for sale at . easonable prices, until which time it is pro* posf d to charter vessels as required to supplement the present fleet. .It is proposed to invite all Auckland busi-ness-men and all who may hare any interest in Che trade of our port to take Bb»rj«rin this local Company, and to give the undertaking every possible support. Ihe Company.woulii thus be in a measure F self-supporting," and strong enough to compete Jnwt, successfully with any outs de or foreign' company' or foreign shipping. The Company e^uld then not fail to be a credit to our port, and a moifc lucrative investment to Share-holders. The promoters having every confidence ia the success of the undertaking, now appeal to the public to ensure it by subscribing freely for Shares. LIST OP VESSELS. Tons egißtari Laira, Iron Barque ... ... 492 Alcestis, Iron Barque ... * - ... 393 Stanley, Wooden Brigantine ... 351 Farnell, Wooden Brigantine ... 348 Caberfeidh, Wooden Barque ... 333 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 leven Teisels of the value of £25,000 yielded an average monthly prone of £530, equal to £6360 per annum, exclusive of charge ior Insurance on Hulls. , These, figures serve to shew,that with a larger fleet-, .extended business, ■ and • more capital, substantial dividends may confidently be anticipated. ' ' • 1140° AEfifAMBiM?AL Printing in eoltfts, gold . \j orbrome in a sty < hitherto anobtaipable on th« Xhaauw at the iTWM BTA|{