Page 4 Advertisements Column 3

Thames Star, Volume XIV, Issue 4528, 10 July 1883, Page 4

Prospectus ' PEOSPECTUB OF THE AUCKLAND SHIPPING COMPANY , (Limited). CAPITAL ... £150000, In 30,000 Shares of £5 Each. The Capital is to ba' called up as f Hows 5s per share on application, 5s per sbare op all tm nfc 5s per s are at intrrva's of three month?, as require., until £3 per share i* paid up. PBOTWIOTfAI DIBFCTOBS: Anderson. H. F ,Eeq. Motion, H. 8., Esq AlVkin, Graves, Esq. Mitchelson, E., Esq., BHrber.H P., Koq. M.H R. I C'arr, K. C, Esq. McKeuzie, D. H., Eeq. Chambers, Jno.,. Esq. Masefield, T. T., Ef q. Craig, Jos., Esq. Nathan, A. H., Esq. D'ewar, A., Esq. Owen, G-. W., Esq. I Geddes, J. M., Esq. Porter, A., Esq. Hardy, J. Esq. v Btone, C. J., Eeq. Hulroe, Geo., Esq. Stone, C. 8., Esq. Harper, Geo., Esq. Tonks, 8., Esq. Hull, W. F., Esq. Wilson, J. L., Esq. BBOKBB8: Brokers' Association. Managing Dieectob: C. B. Stone, Esq. HBecbetab*. pbo thm. : 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 localix OWNBD vessels, and the . shipping business carried on by a ptjbkiy IiOCAI 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 eifc er foreign or intercolonial. - The acknowledged deily increasing commermeroial 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 communication The 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 Enropean trades. Of course, the large and j increasing export of balk and sawn timber will form an important adjunct. A trade with Tasmania, Sydney, Melbourne, Adelaide, Ac, being already established, could easily be continued with regularity, whilst the New* castle and Greymouth coal trades should be also provided for. There is a vast field in prospective for a good tradej with A" erica, Manritius, China, Manilla, Calcutta, The Cape, 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 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 Broß.^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 <o 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 office under the new Company. r It is further proposed that (he working expenses should be conducted on strictly economical principles, the expense of agencieß 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 tha 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 easonahle prices, until which ..time it is proposed to charter vessels as required to supplement the present fleet. It is proposecfto 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 woul>l thus be iv a measure self-supporting, and strong enough to compete most successfully with any outs de or foreign company or foreiga shipping. The Company could then not tail to be a, credit to our port, and a most 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 Shar.s. LIST OF VESSELS. . ¥ |Tons . ■ ■ egister] Laira, Iron Burque .. ... 492 Aloeslis, Iron Barque ... ... .39 i Stanley, Wooden Brigautine ... 351 Parnell, Wooden Brigantine «..- 348 Oaberfeidh, Wooden Barque ... 333 Peerless, Wooden Brigantine ... 292 Bella Mary, Woortort 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 tor Insuntn c an Hulls. These figures serve to shew that with a larger fl-et, extended business, and more capital, substantial dividends may confidently be anticipated. 14>00 •■■-'■■' '! ' ■•„■■'■■ -tnsure! Insure! Insure! THE IMPEEIAL INSUEANCE : • ■ COMPAQ V •" ■ ' ':'- IS Prepared to take FIRE RISKS in all parts of the township at the LOWEST CURRENT RATES. Scales of Rates, &c, to be seen at the Stab Omos. WM. MoOTJLLOUGH. Aotnt. iNfltTB-BKa LIBBBALLT DBAMH WITH. Losses promptly paid. Remember— The ilmtwial' Fire. Insurance Company