Page 1 Advertisements Column 7

Thames Star, Volume XIV, Issue 4501, 8 June 1883, Page 1

Prospectus PR OS P EC T U 8 OF THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL ... ... ... £150,000, In 30,000 Shares of £5 Eaob. The Capital is to be called up as fallows,: 5b per share on application, 5s per share on a]l.tm»nt, 5s per share at intervals of three months, as required, until £3 per share if pud up. PROVISIONAL 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. H., Esq. Chambers, Jno., Esq. Masefield, T. T., Esq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar, A., Ksq. Owen, G. W., Esq.' Geddes, J.'-M., Esq. Porter, A., Esq. Hardy, J. Esq. Stone, 07 J., Esq.' Hulme, Geo., Esq. Stone, 0. B, Eiq. Harper, Geo., Esq. Tonks, 8., Esq. Hull, W. F., Esq. Wilson, J. L., Esq. ' BbokbbS: Brokers' Association. Managing Dibectob :. 0. B. Stone, Esq. Seobetab*, pbo tek. : 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 IOCALXT OWNKD VESSELS, and the shipping business carried on by a PTJBEtiT IOCAI OOMP4HY. ■The rates of freights current in this colony cpmpare most favorably with those ruling in neighboring colonies, and are as a rule suffi* ciently renuraerativo to leave a good profit, trading hence cit 1 er foreign or intercolonial. The acknowledged deily increasing commermercial importance of Auckland is 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 communicationThe 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 some of the larger centres of Continental European 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, 4c, being already established, could easily be continued with regularity, whilst the Newcastle and Greymoutk ccal trades should be . also provided for. There ia a vast field in prospective for a good trade} with A erica, Mauritius, China, Manilla, Calcutta, The Caps, Noumea, and nnmerous 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 apd 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 new London line, possess the nucleus of a fleet suitable for commencing operations, and arrangements have been made so 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 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 offioe under the new Company. It is further proposed that the working expenses 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 oapital 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 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 moat 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 mo«t lucrative investment to Share-holders. The promoters having every confidence in the Buocess of the undertaking, now appeal to the public to ensure it by subscribing freely for Sherds. LIST OF VESSELS. Tons egister Laira, Iron Barque „, ... 492 Alceslis, Iron Barque ... ... 393 Stanley, Wooden Brigantine ... 351 Parnell, Wooden Brigantine ... 348 Caberfeidb, Wooden Barque ... 333 Peerless, Wooden BrigaDtine ... 292 Bella Mary, Wooden Barque ... 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 (or 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 / iBNAMJBNIAL Printing, in colon, gold U orbronie in • sty i hitherto unobtain* able on the Throat «t the Iranrctftrjg Ofiet , '