Page 1 Advertisements Column 8

Thames Star, Volume XIV, Issue 4495, 1 June 1883, Page 1

Prospectus

FEOSPE C T V 8 oy the AUCKLAND SHIPPING COMPANY (Limited), CAPITAL ... £160,000, ' In 30,000 Bbarel of £5 Eacb. The Capital is to bs called up as fallows : 5b per share on application, 5s per stare on allotment, 5s per share at intervals of three months, as required, until £3 per share is paid up. PBOVISHMUIi DIBECTOBS: Anderson, H. F.,Esq. Morton, H. 8., Esq. Aickin, Graves, Esq. Mitchelson, E;, Esq., Barber, H. P., Esq. M.H.R. Carr, K. C., Esq. McKenzie, D. S., Esq. Chambers, Jno., Esq. Masefield, T. T., Esq. Craig, Jos.,Esq. Nathan, A.H., Esq. Dewar, A., Esq. Owen, Gh W., Esq. Q-eddes, J. M., Esq. Porter, A., Esq. ** Hardy, J. Esq. Stone, C. J.,Esq, Hulme, Gteo., Esq. Stone, C. 8., Esq., , Harper, Geo., Esq. • Tonks, 8., Eiq. Hull, W. 1., Esq. Wilson, J. L., Esq. BeokbbS: ';...'--■ . Brokers' Association., '..'•.. Managung Dieectoe: C. B. Slone, Esq. Seceetae*, 780 iau. : J. C. Berger.

The object of this Company is to pro Tide tonnage suitable to the- growing trade of the Port of Auckland, so that the imports and exports of oar city maybe as much as possible carried in lOCAM.T OWKii) YESBBIB, and the shipping business carried on by a TVBVtX LOCAL COMPANY. '.;

The rates of freights ourrent in this colony compare most favorably with those ruling in neighboring colonies, and are as a rale suffi« oiently remunerative to leave a good profit, trading hence eit' er foreign or intercolonial. The acknowledged dt ily,increasing commer« mercial importance of Auckland ii a source of gratificat:on, and the shipping trade, wnder skilful managepaent, 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 arid Glasgow, with New York, and with some of the large? centres of Continental Enropean trades. Of course, the large and increasing export of balk and sawn timber willform an important adjunct. A trade with Tasmania, Sydney, Melbourne, Adelaide, &c, being already established, could easily be continued with regularity, whilst the Newcastle and Greymout'u coal trades should be also provided for. . There is a vast field in prospective for a good tradej with A» erica, Mauritius, China, Manilla, Calcutta, The Cape, Noumea, and nnmerous foreign ports, with some of which, even at the presont moment, a profitable direct trade is beiog 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.,fwho 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 to take over their 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 6 of Mr 0. B. Stone, as managing director, and the staff at present under bis oontrol, who are experienced in tfaie line of business, have been secured to take office under the new Company. It is further proposed that the working ex* penaes should be conducted on strictly econotn* ical principles, the expense of agencies and branches to be defrayed out of cqoimiauons on the actual freights earned by. those branches. The proposed capital is set down at £150, 000, but as only a email portion is required at present for the purchase of the existing fleet .and contingent expenses, further capital will not be called up untrl vessels suitable for the London and other trades may offer for sale at i easonable prices, until which time it is preposod 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 iti this local Company, and to give the undertaking every possible support. The Company would thus be in a measure self-supp'orting,.'.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 subscribinf freely for Shares. . , LIST OF VESSELS Tons ■ egiater ; Laira, Iron" Barque .... i ... 492 Alceslis, Iron Barque 398 '.Stanley, Wooden Brigantine ... 351 Darnell, Wooden Brigantine ... 348 Caberfeidh, Wooden Barque ... 333 Peerless, Wooden Brigantine ... 292 ; Bella Mary, Wooden Barque ... 241 Energy, Wooden Three-maeted Schooner ... ».. ... 185 2642 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 show that with a larger fleet, extended business, and more capital, substantial dividends may confidently be anticipated. 14G0

ipVEBT Tarietj of Labol-for Soda-water \i Manufacturer, in l«tter*preN; Superior designs in lithograph' at the EYMMVStk fciS Office?