Page 1 Advertisements Column 6

Thames Star, Volume XIV, Issue 4477, 11 May 1883, Page 1

Prospectus PE O S P E C T TJ 8 OF THE AUCKLAND SHIPPING COMPANY (Limited). " CAPITAL ... ... ... £150,000, In 30,000 Shares of £5 Each. The Capital is to be called up as follows: 5a per share on application, 5s per skare on allotment, 03 per share at intervals of three months, as required, Until £3 per share is paid up. Pbovisionai. Dibictobs : Anderson, H. F.,86q Moiton, H. 8., Esq. Aickin, Graves, Esq. Mitchelson, E., Esq., Barber, H. P., Esq. M.HR. Oarr, K. C., Esq. ;' I McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefieli, T.T., Eeq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar, A., Eeq. „ ,; Ow«b, G. W., Esq. Gedd-8, J. M., Esq. Porter, A., EBq. Hardy, J. Esq.,, , Stone, C. J., Esq. Hulme, Geo., E*q v Stone, C. 8., Esq. Harper, Geo., Eeq'. Tonks, 8., Eiq. Hull, W. P., Esq. Wilson, J. L., Esq.] : Brokkbs : Brokers' Association. Managing- Directob: O.Hi Stone, Esq. . . Secbbtaby , pbo tbk.: ''■■■ J. C. Berger. The object of this Company is to provide tonnage suitable to the growing trade of the Port of Auckland, so that the imports and exports of our city may be as much as possible carried in locally owned vessels, and the shipping business carried on by a PCBBIT LOCAL COMP4NI. The rates of freights current in this colony compare most favorably with those ruling in neighboring colonies, and are as a rule iuffi« ciently remunerative to leave a good profit, trading hence eit er foreign or intercolonial. The acknowledged daily increasing comraermercial im ortanbe of Auckland is a source of gratificat:on, 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 present not in absolutely direct communication. The object of this Company is to provide vessels to trade :in the directions already opened, nnd 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 EOmo of the larger, centres of Continental Enropean trades. Of coarse, die large and increasing export of balk and sawn timber will form an important adjunct. A trade with Tasmania, Sydney, Melbourne, Adelaide, 4c, being already established, could easily be continued with : regularity, ■ whilst the Newcastle and Grey mouth 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 nnmerous foreign ports, wi'h some of which, even at the present moment, a profitable direct trade ia beiiig 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 wilt'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 snipping business, and who have now fairly started a r.ew 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 und fifty pounds (£30,650), they taking half the amount in Company's shares. 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 Be?vie sofMrC. 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 office under the new Company. It is further proposed that the working ex* penses 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 •easonable prices, until which time it is proposed to charter vessels as required to supplement the present fleet. It is proposed to invite all Auckland busi-ness-men aud 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. £he 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 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 Shar v s. LIST OF VESSELS. Tons ,;'•■.■'". . ■ ■ egister"' Laira, Iron Barque ... ... 492 Alcestis, Iron Barque ... ... 393 Stanley, Wooden Brigantine ... 351 Jfarnell, Wooden Brigantine ... 348 Caberfeidh, Wooden Barque ... 333 Peerless, Wooden Brigantine ... 292 Bella Mary, Wooden Barque ... 244 Energy, Wooden Three-masted {Schooner ... „. ... 185 2642 3 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 on Hulls. These figures serve to shew that with a larger fleet,' extended business, and more capital, substantial dividends may confidently be anticipated. 1400 * kBNASONTAL Printing, in oolon,, gold U orbronie in • pty thitherto Bnobtftin* able on th« TnaiDM ■* the irailMfeAff O«et '-'■ \ .; ..