Page 1 Advertisements Column 6

Thames Star, Volume XIV, Issue 4492, 29 May 1883, Page 1

Prospectus PEOSPE C T U 8 OF THB AUCKLAND SHIPPING COMPANY ~ (Limited). CAPITAL ... £150.000, In 30,000 Shares of £6 Each. The Capital is to be called up as fallows: 6s per share on application, 5s per share on allotment, 5s per Blare at intervals of three months, as require!, until £3 per share is paid up. Pbovibiosjal Diotctobs: Anderson, H. F,, Eeq Morton, H. 8., Eeq Aickin, Graves, Esq. Mitchelson, E., Esq., Barber, H. P., Esq. M.H.R. Carr, K. C, Esq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefield, T. T., E«q. Craig, Joe., Esq. Nathan, A. H., Esq. Dewar, A., Esq. Owen, G. W., Esq. Geddre, J. M., Esq. P rter, A., Esq. Hardy, J. Esq. Stone, C. J,, Esq. Huitne, Geo., E*q. Stone, C. 8., Esq. Harper, Geo., Esq. Tonka, 8., Eeq. Hull, W. F., Esq. Wilson, J. L./ Esq.' BbokbrS: Brokers' Association. Managing Pikeotob : C. B. Stone, Esq. Secbetaby, pbo tbm,: -. 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 shippiog business carried on by a PCEBIY LOCAL COMPANY. The rates of freights current in this colony compare most favorably with those ruling in neighboring colonies, ar d are as a rale sufficiently remunerative to leave a good profit, trading hence eit er foreign or intercolonial. The acknowledged daily increasing cotntnermercial im ortance of Auckland is a source of gratification, and the 'hipping 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 Y«.rk, and with some of the larg-r ci-ntres of Continental Enropean trades. Of course, the large and increasing 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 Greymoutb 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 numerous foreign por s, wih some of which, even at the present moment, a profitable direct trade is being carried ou 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 Btoe-, who liavefor sometime carried on a good shipping business, and who hare now fairly sttnted » new London line, possess the nucleus of a fleet suitable for commencing operations, and arrangements hare been made (o 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 s of Mr 0. B. Stene, as managing director, and the staff at present under his control, who are experienced in this line of business, hare been secured to take office under the new Company. i It is further proposed that the working ex* penees should be conducted on strictly economical principles, the expense of agencies aud 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, furtker 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 supple-' ment the present fleet. It is proposed to invite all Auckland busi-ness-men and all who may hare any interest in the trade of our port to take Shares in this local Company, and to give the undertaking every possible support. Xhe 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 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. LIST OF VESSELS. Tons egister, Laira, Iron Barque , 492 Alceslis, Iron Barque ... ... 398 Stanley, Wooden Brigantine ... 351 ParnelJ, Wooden Brigantine ... 348 ; Gaberfeidh, Wooden Barque ... 333 ' - Peerless, Wooden BrigaDtine ... 292 i Bella Mary, Wooden Barque ... 241 Energy, Wooden Three-masted Schooner ... ... ... 185 2612 An extract frem the Books of Messrs Stone Broß. skews that seven vessels of the value of £25,000 yielded an average monthly profit of £530, equal to £6360 per annum, exclusive 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 lie anticipated. 1400 EVEEY variety of Label for Soda-water Manufacturers, in letter-press. Superior designs in lithograph, »t th* STBlVft fcUl Office,