Page 4 Advertisements Column 2

Thames Star, Volume XIV, Issue 4522, 3 July 1883, Page 4

Prospectas PBOSPECTUS OK THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL £150.000, In 30,000 Sharei of £5 Each. The Capital is to ba called up as f Hows 5s per share on application, 5s p^er sbare on all tment, 5s per s> are at interva's of three months, as require >, until £3 per share is paid up. PEOVISIONAt DtBHOTOBS: Anderson, H. F ,Eeq Morton, H. 8., E?q. Aickin, Graves, Esq. Mitchelson, E., Esq., Barber, H. P., Eeq. Itf.H.R. I Carr, K. C, Esq. . McKenzie, D. H, Esq. Chambers, Jnb., Esq. Masefield. T. T., Eeq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar, A., Eeq. Owen, G. W., Esq. Geddes, J. M., Esq. Porter, A., Esq. Hardy, J. Esq. Stone, 0. J., Esq. Hulme, Geo., E^q. Stone, C. 8., Esq. Harper, Geo., E*q. Tonks, 8., Esq. Hull, W. F., Esq. Wilson, J. L., Esq. Bb'OKBBS : Brokers' Af.sooiafion. Managing Dibbctob : ■ C. B. Stone, Esq* SKCBBTABTf, PBOTBM.: 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 asmuQh as possible carried in iooai.it owkkd yesbbib, and the shipping business carried on by a PUBKTjT LOCAL COMPWT. The rates of freights current in this colony compare most favorably with thone ruling in neighboring colonies, and are as a rule sunl« ciently"remunerative to leave a good profit, trading hmce eit er foreign or intercolonial, Tbe acknowledged dfcfty increasing commermercial im ; ortatce of Auckland is a source of gratificat'on, and tbe 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 net in absolutely direct communication Tbe object of this Company is to provide vpssels to trade in the directions already opened, and others wbich 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 largr* centreß of Continental European trades. Of course, the large and increasing export of balk and Bawn 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 Groymouth coal trades should be also provided for. r£ There is a vast field in prospective for a good trade} with A-erica, Mauritius, China, ManiMa, Calcutta, Tbe Cape, Noumea, and numerous foreign ports, with some of whioh. 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 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.,£wbo 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 busineßS for the sum of thirty thousand sit hundred and fifty pounds (£30,650), they taking half the amount in Company's shares. Their fleet, consisting of 8 vessels, with aggregate tonnoge of 2642 tons, should be augmented as soon us possible, so that tbe business may be extended .without delay, especially the Londan aud American branches. The servic s of Mr C. B. Stone, as ma>iaging director," and tbe staff at pn>«K-nt. under his control, who are experienced iv this line of business, hare been secured to take offioe under the new Company It is further proposed ttial !he working expenses should be c&aducted on utrict/y economical principles, the' j-'*xpense of agencies aud branches to be defrayed out of commissions 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 and contingent expenses, further capital will not be called up until v.esels suitable for the London and other trades may offer for sale at easona' rle prices, until which time it is pro* posed to charter vessels as required to auppleinent the present fleet. It is proposed to invite all Auckland businessmen 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 most successfully with any outs de or foreign company or foreign shipping. The Company could then not ftatl to be a credit to our port, and a most lucrative investment to Share-holders. The promoters having every confidence in tbe success of the undertaking, now appeal to the public to ensure it by subscribing freely for Sb»r b. ' . LIST OF VESSELS.' tTons egisterLaira, Iron Barque .. ... -492 Alcesiis, Iron Barque ..;■ ... 39S Stanley, Wooden Brigantine ... 351 . Darnell, Wooden Brigantine ... 348 Caberfeidh, Wooden Barque ... 333 Peerless, Wooden Brigatitine ... 292 Bella Mary, Wooden Barque ... 241 Energy, Wooden Thr«e-masted .Schooner ... »♦» ••• *85 *■;■' 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 ebarge iqr Insurance on Hulls. These figures serve to: nhow that with a larger fleet, extended business, and more capital, eubsttintitil dividends may confidently be anticipated. y 1400 Insure! Insure! Insure! THE IMPEEIAL INSURANCE 00 VI PA. S V 18 Prepared to take FIRE 8.15K3 in all parts of the'township at the LOWEST CURRENT RATES. ," Scales of Bates, &c, to be seen at the WM. McOULLOUGH. . _ - ...-•- Agent. ■■■■ ' " iNSUBEBd LIBBBALLT DjgALTH WITH. . Losses promptly paid. Remember— The ; Imperial Fire, Insurance Company '■-■»,- - 't, . >i