Page 1 Advertisements Column 6

Thames Star, Volume XIV, Issue 4497, 4 June 1883, Page 1

Prospectus PE OS P< E; C T U S OF THE? :.: AUCKLAND SHIPPING COMPANY (Limited), CAPITAL ... ... ... £150,000, In 30,000 Sharei of £6 Each. The Capital is to bs called up as f.llows: 5s per share on application, 5s per share on allotment, 5s per share at intervals of three months, as require 1, until £3 per share is paid up. Pbovisionali Dihbctobs: 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. H., Esq. Chambers, Jno., Esq. Minefield, T. T., Efq. Craig, Job., Esq. Nathan, A. H., Esq. Dewar, A., Eeq. Owen, Gh W., Esq. Q-eddes, J. M., Eeq Porter, A., Esq. Hardy, J". Esq. Stone, C. J., Esq. Hulme, Geo., E=q. Stone, C. 8., Esq. Harper, Geo,, Esq. Tonks, 8., Eeq. Hull, W. P., Eeq. Wilson, J. L., Esq. , Bbokbrs : Br> kers' Association, Managing Dibectob: C. B. Stone, Esq. Secbetab*, pbo TBir.: J. C. Berger, The object of this Company is to provide tonnage suitable to the growing trade of the Port of Auckland, co that the imports and exports of our city maybe as much as possible carried in iocalit OWNKD VESSELS, and the shipping business carried on by a PBBEtiY liOCAIi COMPINY. ■ ' : "The rates of freights current in this colony compare most favorably with thoee ruling in neighboring-colonies, and are as a rule sufficiently remunerative (o leave a good profit, trading hence eit er foreign or intercolonial. The acknowledged daily increasing commermercial importance of Auckland ia a source of gratification.,'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, the 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 Qreymoutb coal trades should be also provided for. There ie a vast field in prospective for a good tradej wilh A erica, Mauritius, China, Manilla, Calcutta, The Cape, Noumea, and numerous foreign por.'s, with some of which, even at the present moment, a profitable direct trade is being carried on ia a desultory rmauner, 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 r.ew London line, Dossess 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, bo that the business may be extended without delay, especially the London and American branohes. 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 that the working expenses should be conducted on strictly econom* ical principles, the expense of agencies and branches to be defrayed out of commiaiions on the.actual freights earned by those branches. The proposed capital is eet down at £150, 000, but as only a small portion is required at present for the purchase of the existing fleet aud contingent expenses, further capital will not be called up untl vessels suitable for the London and other trade* may offer for sale at • easonablo prices, until which time it is proposed to charter vessels.as required to supple* 1 ment the present fleet. - ■„.; . .-_ It is proposed to invite all Auckland 'btisi-ness-men and all who may have any interest in the trade of our port to take Shares in this I local Company, and to give the undertaking ev<>ry possible support. The Company would thus bo in a measure self-supporting, and strong enough to compete most successfully with any outs do or foreign company or foreign shipping. The Company could then I not fail to be a credit to our port, and ft moat j 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 ... ... 393 Stanley, Wooden Brigantine ... 351 Parnell, Wooden Brigantine ... 348 Caberfeidh, Wooden Barque ... 333 Peerless, Wooden Briganfcine ... 292 Bella Mary, Wooden Uarque ... 244 Energy,. Wooden Three-masted 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 for Insurance on Hulls. These figures serve to show that with a larger fleet, extended business, and more capital, substantial dividends may confidently, be anticipated. 1400 |?VEEY variety of Label for Soda-water JCj Manufacturers, in letUr-prew. Superior designs in lithograph at the SfWOW Stab Office