Prospectus PROSPECTUS OF THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL £150,000, In 30,000 Share* o' £5 Each. .The Capital is to ha called up as fallows 5s per share on application, 5s per share on all tin nt 5s per ■ are at int««rva's of three months, ai require j, until £3 per share i« paid up. Peovisiohai Dibiotobs: 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. Masefleld, T. T., Eiq. Craig, Jos., Esq. Nathan, A. H., Esq. Dewar, A., Esq. Oven, G. W., Esq. Geddfs, J.M., Esq. Porter, A., Esq. Hardy, J. Esq. Stone, C. J., Esq. Hulme, Q-eo., E»q. Stone, C. 8., Esq. Harper, Geo.,Etq. Tonks, 8., E»q. Hull, W. F., Esq. Wilson, J. L., Esq. Bbokbbs : - Br. kers' Association. Managing Diebctob: ; C. B. Stone, Esq. Secbetabt\ pbo tbm, : J. C. Berger. The object of, this Oompany i« 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 locally owhxd vessels, and the shipping business carried on by a PEBBLY LOCAL COUP-NY. The pates of freights current in this colony compare most favorably with thooe ruling in neighboring colonies, and are us h rule sufficiently remunerative to leave a good profit, trading hence «it' er foreign or intercolonial. The acknowledged dtily increasing oommermercial importance of Auckland it 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 v<ssels to trade in the directions already opened, and others which may from time to time offer inducements. lhere 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, Bydney, Melbourne, Adelaide, Ac, being alrea y established, could earily be con* tinued with regularity, whilst the New* cuitie and Gr«ymouth coal trades should be also provided for. There is a vast field in prospective fora good trade} with A erica, Mauritius, China, Manilla, Calcutta, The Capo, IN oumea, and numerous 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 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.,Jwho 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 ro 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 0. 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 economical principles, the expense of agencies aud branches to be defrayed out of commiations 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 capital 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 supple* ment the present fleet. It is proposed to invite all Auckland busi* nets-men and all who may have'any interest in the trade of our port to take Shares in this j 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 (ail 10 be a credit to our port, and a moit lucrative investment to Shareholders. 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 Alceefie, Ironßsu-que •••; ... 3JH Stanley, Wooden Brigantine ... 351' Parnell, Wooden Brig-ntine ... 348 Caberfeidb, Wooden Barque ... 333 Peerless, Wooden Brigantine ... 292 Bella Mary, Wooden iiarque ; „.- ..244. Energy, Wooden Thrce-raaatod- * 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 tor Insurance on Hulls. These figures serve to shew that with a larger ftaet, extended business, and more capital, substantial dividends may confidently be anticipated. 1400 Insure! Insure! Insure! _____ _ t... THE IMPERIAL INSURANCE .; - COMPANY [r. \ ;,..;:■ IS Prepared to take FIRE RISKS in a!! parts oi the township At the LOWEST OUBRENT BATES. Scales of Bates, to., to be seta at the Stab Octioi. WM. MoOULLOUGH. ; Aemrr. IITSUBEES. LlßßßAiltfr DSALTH WITS. Losses promptly paid. Remember— The tfnroeriall Fire, Insurance , Company
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https://paperspast.natlib.govt.nz/newspapers/THS18830706.2.20.3
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Thames Star, Volume XIV, Issue 4525, 6 July 1883, Page 4
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991Page 4 Advertisements Column 3 Thames Star, Volume XIV, Issue 4525, 6 July 1883, Page 4
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