Page 4 Advertisements Column 1

Thames Star, Volume XIV, Issue 4481, 16 May 1883, Page 4

'"■""■" Prospectus PROSPECTUS OF THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL ... ~ ... £150,000, In 30,000 Shares of £5 Each. The Capital is to be called up a»f Jlowa: \ r 5s per share on application, 5s per share on allotment, 5b per share at intervals of three months, as require 1, until £3 per share is paid up. .Pbgvibionai. Dihsotoes : Anderson, H. F.,Eeq. Morton, H. 8., Eeq. Aickin, Graveß, Esq. Mitohelson, E., Esq., Barber, H. P., Esq. M.H.R. Carr, K. 0., Esq. MeKenzie, D. H., Esq. Chambers, Jno., Esq. Masefiel I, T. T., E*q. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar, A., Esq. Owen, G-. W., Esq. Geddes, J. M., Esq Porter, A., Esq. Hardy, J. Esq., Stone, C. J., Esq. Hulme, Geo., E<q. Sfione, O. 8., Esq. Harper, G«o., Eeq. Tonka, 8., Etq. Hull, W. F., Esq. Wilson, J. L., Esq. Bbokvbb : Brokers' Aesocia'ion. MANAGING DIEECTOB: C. B. Stone, Esq. Secbbtaby, pbotsm. : J. C. Berger. The object of this Company is to provide tonnage suitable to the growing trade of the Port of Auckland, bo that the imports and exports of our city may be as much as possible carried in locally owned vessels, and the ■hipping business carried on by a fobbiy LOCAL COMPANY. The rates of freights current in thia colony compare most favorably with those ruling in neighboring colonies, and are as a rule sufliciently remunerative to leave a good profit, trading hence eit er foreign or intercolonial. The acknowledged daily increasing commermercial im. ortance of Auckland is a rource 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, 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 come of the larger centres of Continental Enropean trades. Of course, Ihe large and increasing export of balk and sawn timber will form an important adjunct. A trade with Tasmania, Sydney, Melbourne, Adelaide, &c, being already established, could easily be continued with regularity, whilst the Newcastle and Greymouth coal trades should be also provided for. ' There is a vast field in prospective for a good trade with An erica, Mauritius, China, Manilla, Calcutta, The Cape, Noumea, and nnmerous foreign ports, with some of which, even at the present moment, a profitable direct trade is being carried on in v 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 have now fairly started a new London line, possess the nucleus of a fleet suitable for commencing operations, and arrangements have been made (0 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 2642 tons, should be augmented as soon at possible, so that the business may be 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 his control, who are experienced in this line of business, have been secured to take office under the new Company. "It is further proposed thai (be working expenses should be conducted on strictly economical principles, the expense of agencies and branches to be defrayed out of comtmsnions 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 seasonable prices, Until which time it is proposed to charter vessels as required to supple- ; ment the present fleet. It is proposed to invite all Auokland 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 pOMible support. The Company wouli thus be in a measure self-supporting, and strong enough to compete most successfully with any outade or foreign company or foreign shipping. The Company could then not (bit So be a;credit to our port, and a most lucrative investment'^ Share-borders. The promoters Having every confidence in . the success of the undertaking, now appeal to the public to ensure it by subscribing freely for Shar •. ■ LIST OF VESSELS. i ■- Tons egister"; Laira, Iron Barque 49i Alcesiis, Iron Barque ... ... 39S Stanley, Wooden Brigantine ... 351 Part>eii, Wooden Brigantine ... 348 Caberfeidh, Wooden Barque ... 333 Peerless, Wooden Brienntine ... 292 Bell* Mary, Wooden Barque ... 244 Energy, - Wooden Three-masted Schooner ... 185 • . . k .• 2642 An extract from the Books of Messrs Stone Bros, shows;that seven vessels of the value of £25,000 yielded un average monthly profit of £530, equal to £6360 per annum, exclusite of charge for Ineuran -c on Hulls. _ . These figures serve to show that with a larger fleet, extended business, and more capital, substantial dividends may. confidently be anticipated. ' 1400 F. TETLEY, POEi, AND GENERAL BUTCHEE, POLI/EN STBEET, SHOBTLAND. F- T. has much pleasure in informing his • Customers and the Public tiat HB HAS DETERMINED TO ADD To his present Business that of a GENERAL BUTCHER, And now offers PO B S A LE — The BEST MEAT procurable in Jhe District. BXMXMBXB TH*,ADPBBBB«— P 6 L:■£'sTn STBEET,. •-'• *'"'- -''-, '-..r, • ■•'' ' Shobtl>KD.