Page 4 Advertisements Column 3

Thames Star, Volume XIV, Issue 4523, 4 July 1883, Page 4

Prospectus PROSPECTUS OF THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL ... ... ... £150,000, In 30,000 Share! of £5 Each, : w The Capital it to ba called up as f jlljows Sb per share on application, 5a per skare on all'tin nt, 5s per share at intervals of three months, as require i, until £3 per share i* paid up. ': Pbovibionai Dib*ctobß: , ; Anderson. H. F , Eeq Moiton, H. 8., Esq liickin, Graves, Esq. Mitchelson, E., Esq., Barber, H. P., Esq. W.H.R. " \ . I Oarr, X C, Esq. McKenzie, D. H, Egg. Chambers, Jno., Esq. Masefield, T. T.; Eeq. Craig, Job., Esq. Nathan, A. H., Esq. Dewar, A., Esq. Owen, G. W., Esq. Geddos, J. M., Esq. Porter, At, Eeq. Hardy}, J. Esq. Stone, C. J., Esq. Huime, Oreo., Esq. Stone, C. 8., Esq. Harper, Geo., Esq. Tonks, 8., Esq. ; ' Hull, W. P., Esq. ' Wilson, J. L., Esq. BB0KBB8: Br< ker s l, A t sooiat ion. JIaHAGUNG DlBECTOB: C. B. Stone, Eeq. Secbetab*, pbo tkk. : : J. C; Berger. ; The object of tbis Company » 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 possiblecarried in IOCALIT ownkd VESSELS, and the shipping business carried on by. a PUBBUF-. locai company. U -''■■•• The rates of freights current in this colony compare most favorably with those ruling in neighboring colonies, and are as a rule suffi* ciently remunerative to leave a good profit, trading hence eit er foreign or intercolonial. The acknowledged duly increasing cotnmermeroi&l im^ ortance of Auckland is a source of gratificat'on, 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' x< The object of tbis 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 centreß 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 Gnsymouth coal trades should be also provided for. . There is a vast field -in prospective fora good tradej with A erioa, Mauritius, China, Manilla, Calcutta, The Cape,; Noumea, and nnmeroua foreign ports, with some of which, even at the present moment, is profitable direct trade is being carried on in a desultory, manner, and which would fiod support from the new industries :lately) established here and in pr, spective 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 Dot 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 to take over their vessels and the goodwill of their shipping business for the sum of thirty thousand six hundred and fifty pounds i (£30,650), they taking half the amount in Company's shares. Their fleet, consisting of 8 vessels, with aggregate tonnage of 2642 tons, j 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 bis 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 smail portion is required at present for the purchase jof the existing fleet and contingent expenses,' further capital will not be called up unfcl vessels suitable for the London and other trades may offer for sale at easonahle prices, until wßioh- time it is proposed to charter vessels a's 'required to supplement the present fleet.. , . . , It is proposed to, invite all Auckland bußi-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 stroug 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 success of the undertaking, now appeal to the public to ensure it by subscribing freely for Shara. LIST OF VESSELS. (Tons : , egister"! Laira, Iron Barque .. ... 492 Alcestis, Iron Barque ... ... 39 s Stanley, Wooden Brigantine ... 351 Paruell, Wooden Brigantine ... 348 Caberfeidb, Wooden Barque ... 333 Peerless, Vv'ooden Brigantine ... 292 Bella Mary, Wooden Barque ... 244 Energy, Wooden 5 Three-masted ■ Schooner ... *. ... 185 i - , „.; -. :-. 2642 j An extract from the 800 Us of Messrs Stone; Bros. showß that seven v« ssels of the value of, £25,000 yielded an average monthly, profit of; £530, equal to £6360 per annum, exclusive of charge for Insuran-e on Hulls. These figures serve to shew that, with a larger fleet, extended business, and more!; capital, substantial dividends may confidently be anticipated. ' 1400: Insure! Insure! Insure! Til E IM PERIAL INSURANCE CO M. PA NT | 8 Prepared to take FIRE RISKS in all JL parts of the township at the LOWEST CURRENT RATES. Scales of Rates, &0., to be seen at the Stab Office. WM. MoCULLOUGH. ■■;■"'■ '■';'■" AenKT. INBUBEB3 LIBBBALLY DiAI/TH WITH. Losses promptly paid. Remember— \ The Jmxjerial Fire. Insurance Company