Page 4 Advertisements Column 2

Thames Star, Volume XIV, Issue 4521, 2 July 1883, Page 4

Prospectus PROSPE C T U $ 09 the • ■ ■'. ••'«>: AUCKLAND SHIPPING COMPANY \ . . (Limited). CAPITAL ... ~ ... £150.000, In 30,000 Shares of £5 Each. The Capital is to b« called up aa f >llows 5b per share on application, 5s per ekare on allotment, 5s per «»'are at intervals of three months, as requires, until £3 per share is paid up. „ - . - j FbOVIBIOHAJj DXBXOTOBS: Anderson, H. F., Esq.' Morton, H. 8., Esq. Aickin, Graves, Eeq. Mitchelson, E., Esq., Barber, H. P., Esq. M.H.R. I Carr, B. C, Esq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefield, T. T., Eeq. Craig, Jos., Esq. , > Nathan, A. H., Esq.' Dewar, A., Esq. Owen, G. W., Esq. Geddts, J. M., Esq. Porter, A., Esq. Hardy, 3. Bed. Stone, C. J., Esq. Hulme, Geo., E?q. , Stone, 0. 8.. Esq.. Harper, Oreo., Esq. Tonks, 8., Eeq. „ Hull, W. F., Esq.' Wilson, J. li., Esq. BboXBBS: s Brokers' Association. MaHA&ING DlBBCTOB: C. B. Stone, Esq. Seobbtaby, fbo tsit. : J. O. 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 poßsible carried in iooaixy ownxb V3BSEIS, and the shipping business carried on by a PUBBtT LOCAL COMPANY. The rates of freights current in this colony compare most favorably with those ruling in neighboring colonies, and are as a rule sufficiently remunerative to leave a good profit, trading hence eifcVer foreign or intercolonial. The acknowledged dcily increasing coinmermercial importance of Auckland is a cource of gratification, and the shipping trade, under skilful. management, ,and with , sufficient capital, 1 would meet with, speedy arid great development with many parts of the World with which we are at present not in absolutely direct-communication < ' r • ' The objeot of this Company: i« 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 Enropean trades'i Of course, the large and increasing export of balk and sawn timber will form an important adjanct. A trade with Tasmania, Sydney, Melbourne, Adelaide, &c, being already established could easily be continued with regularity, whilst the* Newcastle and Grey mouth 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 nnmeroua foreign ports, with some of which, even at the present moment, n 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. . Messrs Stone Brps.,(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 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 fleat, 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 €. 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 uuder the new Company It is further proposed that 'he 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 i and contingent expenses, further capital will not be called up untl 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- I 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 woulii thus be in a measure self-supporting, and stroDg enough to compete moat successfully with any outade or foreign company or foreign shipping. The Company could then not fail to be a credit to oar port, and a most lucrative investment to Share-solders. ' •, - i The promoters haying every confidence in the success of the undertaking, now appeal to the public to ensure it by subscribing freely ,for Shares. LIST OF YESSELSk, ' - Tons „ egiater; Laira, Iron Barque ' 492 Aloeslis, Iron Barque ... ... 39S Stanley, Wooden Btigantine „.. 351 ' Darnell, Wooden Brigantine ! ... 348 Caberfeidb,, Wooden Barque ... 333 - "■ Peerless; W'oodeu BrigiiDtme .:, 292 Bella Mary, Wooden Jiarque . ... 244 Energy, Wooden Three-masted i Schooner ... 185 - - 2642 An extract from the Books of Messrs Stove Bros, shows that seven vt-ssels of the value of £25,000 yielded an average monthly profit of '" £530, equal to £6360 per annhm, exclusive of charge for Insurance on Hulls. , - . : These, .figures servo to show that with" a „ 'larger fleet, extended business, and, more capital, substantial dividends may confidently 'be anticipated. 14U0 Insure! Insure! Insure! ' THE IMPERIAL INSURANCE .. . . OOMLPIs" V , , IS Prepared to,takeFlKJE RISKS in all 1 !'Urt» of the ts?/n»hip at the' LOWISI a- CURRENT EATEfIi 1 ' Bti ' ■■■■■ Scales of Bates, &c, to be seen at the •' Sxab Oxjicb* . •■ „_ WM. MoOULLOTTGH. '■< \i:;s • ' ■ ' '>•'■■•'■ .AenHT."' It ' , t , Losses promptly paid. ■*. i • Remember—" ' \-\ "-'-'„ • • at :. The tXnroerialv Fire. Inauranoe » • :"- : Company : - ■■'""■