Page 1 Advertisements Column 6

Thames Star, Volume XIV, Issue 4473, 7 May 1883, Page 1

Prospectus PROSPECTUS OF THX AUCKLAND SHIPPING COMPANY (Limited). i; CAPITAL ... ... ... £160.000, In 30,000 Shares of £6 Each. Ihe Capital is to be called up as f Jlows: ,5s per share on application, 5* per share on allotm nt, 5s per share at iutcrva's of three months, as required, until £3 per share is paid up. - > Fboyisiokai Dmcroas: . Anderson, H. F,Esq. Morton, H. 8., Esq. Aiokin, Graves, Esq. Mitchelson, E., Esq., Barber, H. P., Eeq. M.H.R. Carr, K. C, .Esq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefield, T. T., Eiq. Craig, Jos., Esq. Nathan,A.*H., Esq. Dewar, A { Ksq. Owen, G.W., Esq. Geddfs, J.^'M., Esq. Porrer, A.-, Ekj.'; l Hardy, J. Esq. ' Stone, C. T^lftq." Hulme, Oreo., &*q. Stone, O. 8., Esq. Harper, Oreo., Esq. Tonk*, 8., Emj. Hull, W.F., Esq. Wilson, J.'h., Esq.; Bbokhbs: Brokers' Aosocia'ion. ... Managing Dibectok: C. B. Stone, Esq. Skcbbtabt, pko *sm. : J. C.Berger. The object of tbis Company is to provide tonnage suitable to tho growing trade of the Port of Auckland, so that the. imports and exports of our city may be as much as possible carried imiocALLY owkbd VEBBELB, and the shipping .business carried on .by..a fCXItT LOCAK COliBlSX.r ■■ •■ • ■ >• ;-, The rates of freights current in thia colony compare most favorably .with thoie ruling in neighboring colonies, and are as a rule sufficiently, renmn.erativirto leafe a good profit, trading hfnce eit er foreign or, intercolonial. The acknowledged daily increasing commermercial im.ortatce of Auckland is a source of gratification, and the >hippiiig trade,' under skilful nianageaient, 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'Comfahy is to provide vessels to trade in the. directions /already opened, and others which may from time to time offer 'inducements. , „ „x There is ample room for a well-organised new line between Auckland and London, "Liverpool and Glasgow, with New York, and with eomo of the larger centres of Continental Knropean-traflee. Of course, ihe large and increusing export of balk and sawn timber will form an important, adjunct' A trade with Tasmania, Sydney, Melbourne, Adelaide, Ac, being already established, could easily be continued with- regularity, whilst the. Newcastle and Groymoutli 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 Capd, l Noumea, and nnmerous foreign ports, 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 charier vessels when required, inthe event of their own not being available. .-'■■■-.■; Messrs Stone Bros., who have for tome time carried on a good shipping business, and who have now,.fairly started a r.ew London, line, possess the nucleus of s/fleet suitable for commencing operations, and arrangements have been made to take over htir vessels and the goodwill of their shipping business for the sum of thirty thousand cix hundred and fifty'poundi (£30,650), they taking half the amount in Company'ii shares. Their x 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; delays especially the London/and American branches, v, " . .■;-,'■■:■■* ■'• The seryie s of Mr C. B. Stone, as managing director, and the staff at present uhdfer his control, who are experienced in this line of business, have been secured to take office under the new.Company. " It is further proposed that (he working expenses should be conducted on strictly economical principle?, 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 untl vessels suitable for the London and other trades may oiler for sale at jeasonable price*, until which time it U propos d to charter vessels as required to supplement the present fleet. It is proposed to invite all Auckland busi-ness-men and ell who may have any interest in the trade of our port to Uke Shares in this local Company, and to give the undertaking ev«-ry 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 (ail to be a credit to our port; and a mdit lucrative investment to Share-holders. - The promoters having'every confidence,in the success of the undertaking, now appeal to the public to cneute it by subscribing freely forShsr.s. ' ■ LIST OF VE9BELB. > Tons «gister< Laira, Iron Barque ... ... 482 Alceslis, Iron Barque 394 Stanley, Wooden Brigantino ... 351 Parnell, Wooden Brigantine ... 348 . Caberfeidh, Wooden Barque ... 333 Peerless, Wooden BrigaDtine ... 292 Bella Mary, Wooden Barque ... 241 Energy, Wooden Three-masted Schooner ... . ... „.„ 185, u ..'■'• " " i 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 £6360 per annum, exclusive of charge lor Insurance oh Hulls. These figures serve lo shew that with a larger fleet, extended/, business, and ' more capita?, substantial dividends may confidently .be anticipated. ■** .1400 OENAMSNTAL Printing, in colors, gold or bronze in a sty ihifesrto waoWmn* abl«OT) th* Thames «t th« iTHIMtIAB /Mb-