Page 4 Advertisements Column 1

Thames Star, Volume XIV, Issue 4484, 19 May 1883, Page 4

Prospectus PROSPECTUS OF THE - AUCKLAND SHIPPING COMPANY (Limited). CAPITAL £150000, In 30,000 Shares of £5 Each. ' lhe Capital is to bo called up as fallows: !5s per share on application, 5s per share on ■all tmonfc, 5s per s! are at intervals of three 'months, at require*, uutil £3 per share i» jpuid np. | Pbovmxokaj* Dihyotobb: j Anderson, H. E\ltq, Motion, H. 8., Esq Aickin, Graves, Esq. MitohoUon, E., Esq., ißarber, H. P., Kiq. M.H.R. >Carr, R. C, Esq. MeKonzie, D. H., Esq. Chambers, Jno., E?q. MasefielJ, T. T., Eeq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar,A.» Esq. „-..... Owen, G. W., Esq. sGeddre, J. M., Esq. Porter, A., Esq. (HaHy, J. Esq. Stone, C. J., Esq. jHulme, Geo., Esq. Stone, C. 8., Eeq. • Harper, Geo., Eeq. Tonks, 8., Esq. 'Hull, W. F., Esq. Wileon, J. L., Esq. Bbokbbs : Brikerß' Association. Managing Dibectob: C. B. Stone, Esq. Secbbtaby, j?bo tbm. : 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 aspoßsible carried in IOCAM.Y OWNED VESSeis, and the shipping business carried on by a BUBEtiY LOCAL COMPANY. .

The rates of freights current in this colony compare roost favorably with those ruling in neighboring colonies, and are as v rule lufficiently remunerative to leave a good profit, trading hence eit er foreign or intercolonial.

' The acknowledged daily increasing commermercial im ortance of Auckland is a source of gratificafon, and the shipping trade, under skilful management, and with sufficient capital, would meet with speedy and great development^with many p^rts of the World with which we are at prerent 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 Y«,rk, and with come of the larger centres of Continental Enropean trades. Of course, :he large and increasing export of balk and sawn timber will form an important adjunct. A trade with Tasmania, Sydney, Melbourne, Adelaide, Ac, being alreaiy established,could easily be continued with regularity, whilst the Newcastle and Greymouth coal trades should be alsa provided for. There it a vast field in prospective for a good trade with A» erica, Mauritius, China, Manilla, Calcutta, The Cape, Noumea, and nntnerous foreign ports, with 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 stripping 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 to 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 as possible, so that the business may be extended without delay, especially the London and American branches.

The servic b of Mr C. B. Stone, as managing director, and the staff at present under hie control, who are experienced in this line of business, bare been secured to take office under the new Company

It is further proposed that 'be working expenses should be conducted on strict'y economical 'principle*, the expense of agencies aud branches to be defrayed out of commisiions 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 easonahle prices, until which time it id proposrd to charter vessels as required to supplement the present floet. It is 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 evtry possible support. The Company would thus be in a measure self-supporting, and •trong enough to compete most successfully with any outs de or foreign company or foreign shipping. The Company could then hot 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.

F. TETLEY, PORi. AND GENERAL BUTCHER, Pollen street, Shobtland. PT. bas much pleasure in informing hie • Customers and the Public that, HE HAS DETERMINED TO ADD To his present Business that of a EN ER AL BUTCHER, And now offers FOR S A LEIhe BEST MEAT procurable ia the | . District. BIHBMBXB THE Ad»BBBS— ! POLLEN STREET, ! Shobtlakd.