Page 1 Advertisements Column 8

Thames Star, Volume XIV, Issue 4491, 28 May 1883, Page 1

Prospectus

PBOSPE C T U 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: - 5s per share on application, 5s per share on allitm-nt, 5s per si:are at intervals of three months, as required, until £3 per share it paid up. PBOVISIONAIi DIBECTOBS: Anderson, H. F., Esq. Morton, H. 8., Esq. Aickin, Graves, Esq. Mitcbelson, E., Esq., Barber, H. P., Esq. M.H.R. Carr, R C, Esq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefield, T.T., Esq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewur, A , Eeq. Owen, G. W. } Esq. Gedc) s, J. M., Isq. .Porter, A., Esq. Hardy, J. Esq. Stone, C. J., Esq. Hulme, Geo., E'q. Stone, C. 8., Esq. Harper, Geo,, Esq. Tonka, 8., Esq. Hull, W. ¥„ Esq. Wilson, J. L., Esq.; - Bbokbbs: : BTvkars' Association. MANAaiNO DlBECTOB: C. B. Stone, Esq. Secbetabt, pbotem. : J. 0. Berger. The objeot 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 roCAILY OWNED VESSELS, and the shipping business carried on by a FURBLY IOCAI COMPANY. -

The -ate-B of freights.current in this colony compare moft favorably with those ruling in neighboring colonies, and are as a rule sufficiently remunerative to leave a good profit, trading b»nce eit er foreign or intercolonial. The acknowledged daily increasing eommer* mercial im ortance of Auckland is a source of gratificat or, and the shipping trade, under skilful management, and with sufficient capital, would meet with speedy and great development with many psrts of the World with which we are at present not in absolutely direct communication. The object, of this Company is to provide vssels to trade in the directions already opened, and others which may from time to time offer inducements.

There is ample room for a well-drganised 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 alrea y 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 pood trade with A•> erica, Mauritius, China, Manilla, Calcutta, The Cape, Noumea, and numerous 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 charter vessels when required, in the event of their own not being immediately available. Me«Brs Stone Eros., who have for some time carried on a good shipping business, and who have now fairly started a new London li»e, 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, skould be augmented as soon as 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 hi« 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 expen see 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 easonaMe 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 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 self-supporting, and strong enough to compete most successfully with any outs de or foreign .company or foreign shipping. The Company could then not fail to be a credit to our port, and a mos£ 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 forShars. ■ LIST OF VESSELS. = Tons. , ' : egist#r] Laira, Iron Barque ... ... 49Z Alceslis, Iron Barque 398 Stanley, Wooden Brigantine ... 351 Parnell, Wooden Brigantine ... 348 Caberfeidh, Wooden Barque ... 333 Peerless, Wooden Brigantine ...' 292 Bella Mary, Wooden Barqte ... 244 Energy, Wooden Three-masted ; Schooner ... 185 ;■": f ■■■■.. ■■ - '■■' •' ■ 2642

. Aq extract from the Books of Meiers Stone Bros: shows thai seven vessels of the value of £25,000 yielded an average monthly profit of £530, equal to £6360 per annum, exolusive of charge for 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

tpVEET Tariety of Label for Soda-water U Manufacturer*, inletter-preMU Superior designs in lithograph, •* the Brajrnra fees Office.