Page 1 Advertisements Column 6

Thames Star, Volume XIIV, Issue 4471, 4 May 1883, Page 1

Prospectus ROBPE C T U 8 OF THX AUCKLAND SHIPPING COMPANY (Limited). CAPITAL „. £160000, In 30,000.Shares of £6 Each. The Capital ia to be called up at fallows: 5s per share on application, 5s per share on alLtment, 5s per share at in terra's of tore* months, at require J, until £3 per share it paid up. Pbovisiokai . Dzuotobb : Anderson, H. F, Eeq Morton, H. 8., Esq. Aickin, Graves, Esq. Mitchelson, E., Esq., i Barber, H. P., Esq. M.H.R. Carr, K. C, Eeq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefieli. T. T., Eeq. Craig, Jos., Esq. Nathan, A. H., Esq Dewnr, A., F«q. Owen, Ch W., Esq. Geddrs, J. M. ; Esq Porter, A., Esq. ■ ' Harrly, J. Esq. Stone, C J., E«q. Hulme, G-eo., Eg. Stone, C. 8., Esq. Harper, Geo.,E«q. Tonks, 8., E»q. Hull, W. F., Esq. Wilson, J. L., Esq.; Brokers: Brokers' Association. Managing Dibkctob: • C. B. Btone, Eeq. Seceetabt, pbo trx. : J. C. Berger. The object of this Company is to provide ionnage suitable to the growing trade of the Port of Auckland, so that the imports and exports of our city may be as muchjM possible carried in lOCALIT owned yBSSFSB, and the shipping business carried on by a TURRIT | LOCAL COMPANY. ' - '. -. The rates of freights current in thia 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 cornmermercial im ortacce 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 preEerit 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, dme to time offer inducements. . .-, There is ample room for a. well-organised new line between Auckland and London, Liverpool and Glasgow, with New Y<.rk, 'and with some of the larger centres of Continental European trades. „ Of 'course, the large and increasing export of balk and sawn timber will form an important adjunct. A trade with Tasmania, Sydmy.Melbourne, Adelaide, &c, being already established, could easily be continued with regularity, whilst, the Newcastieand Graymouth coal trades should be alsa provided for. There ia a vast field ia prospective for a good trade with A erica, Mauritius, China, Manilla, Calcutta, The Cape, Noumea, and numerous foreign por.s, wi'h 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 shipping business, and who 'haveTnow fairly started a new London line, possess the nucleus of a fleet suitable for commencing operations, and arrangements have been made (o take over heir 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 2648 tons, should be augmented as soon as possible, so that the business maybe 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 bis control, who are experienced in this line of business, have been secured to take offioe 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 smallportioQ is required at present for the purchase of the existing fleet and contingent expenses, further capital 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 proposid to charter veis els as required to supplement the present fleet. . It ib 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 this local Company, and to give the undertaking every possible support. The Company would thus be in a measure Belf-supporting, and strong enough to compete most successfully with any; outsde or foreign -company or foreign shipping. The Company could then not fail to be a credit to our port, and a most 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 '. . .. :■•■.•■ ■. -. •■■.■■■■ egisterj Laira, Iron Barque ... ... 492 Alceslis, Ironßarque ; .... ... 393 Sfcanley, Wooden Brigantine ... 361 Parnell, Wooden Brigantine ... 348 Caberfeidb, 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 of the Talue of £25,000 yielded an average monthly profit of £530, equal to £6360 per annum, exclusive of eha'rge 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. ' I^oo ABffAMBSTAL Printing, in colon, gold U orbronse in a ity «bjtb*rto«nobtaux. able on th» ThaniM at tnt Iranvft Bs*l Ofiet