Page 4 Advertisements Column 4

Thames Star, Volume XIV, Issue 4529, 11 July 1883, Page 4

P~-K~'O""S~'P"B C T U S OF THE AUCKLAND SHIPPING COMPANY (Limited). ..CAPITAL £150,000, v In'aO.OOOShare*of £5 Each. . The Capital is to ba called up as f Hows 5b per share on application, 5s per share on all tm nt, 5s per s are at intervals of three months, as requirej, until £3 per share, is paid up. , '.' , PbOTIBIOKAI DIEtCTOHS: / Anderson, H. F., Esq. Morton, H. 8., Esq! Aickin, Graves, Esq. Mitcheleon, E., Esq., Barber, H. P., Esq. Iff.H.R. Carr, tt. C, Esq. McEenzie, D. H., Esq. Chambers, Jno., Esq. Masefielol. T. T., Esq. | Craig, Jos., Esq. , c Nathan, A. H., Esq. Dewar, A., Esq. Owen, G. W., Esq. Geddes, J. M., Esq. Porter, A., Esq. >; ' Hardy, J. Esq. . Stone, O. ,J., Esq. Hulme, Geo.; E-q. ' Store, C. 8.. EBq; ' Harper, Geo.,E»q. Toiikp, 8., Eiq. , Hull, W. F., Esq. Wilson, J. L., Esq. ; Bbokbbs: ; ' Brokers* ApsociaMon. . , -•■> Manacung Dibb()tob: C B. Stone, Eeq. Secbetael, pbo tsh. : J. 0. Berger. The objeot of tbis Company is to provide tonnage suitable to the growing trade of the Port of Auckland, so that the;imports and eiports of our city may be as much as possible carried in locally OWNED vessels, and tbe .shipping business.carried on by a pebbly LOCAL COMPANY. f The rates of freights current in this colony compare most favorably with those, ruling ;in neighboring colonies, and are as a rule sufli. ciently remunerative to.Jeave a good profit, trading hence eit er foreign or intercolonial. The acknowledged ddly increasing commer* mercial im. ortance 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 I with whioh 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 an i pie room for a well-organised new line between Auckland and London, Liverpool and Glasgow, with New York, and with tome of the larger centres of Continental European 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 New*, castie and Groymoutu 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 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 requited, in tbe event of their own not being immediately available 1. •. Messrs Stone.Bros.^wbo have for some time carried on a good shipping business, and who have now fairly started a new London line, lossess the nucleus of a fleet suitable for commencing operations, and arrangements, have been made io take over their vessels and the goodwill of their shipping business for tbe 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 offioe uuder the new Company. It is further proposed, that fhe working ex« penses should be«6aducted on strictly economical principles, the expense of agencies and branches to be defrayed out of commistio'ns on; the aotuaWreigbts earned by those branches. The proposed capital is set down at £150, 000, but a» only a small portion is required at present for'the piirohaie 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 Reasonable prices, ustil which time it is proI posed to oharter vessels as required to supple* uient the present fleet. - - ■ ; , It is proposed to invite all Auckland busi-ness-men and all who nmy have any interest in the trade of our port to take Shares in this local Company, and to give tbe 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 tail to be a credit to our port, and a moat lucrative investment to Share-holders; . , • The promoters having every confidence ia tha success of ths uudertniiags no-» atpaa! to tha.putliii to ensure it; >by subsiJribiri^fradlv for flbC-fsr. , „ „ ■:■: LISI 1 OB 1 VESSELS. „-- --' egister'i Laira, Iron-Barque , 49<J Alceslis, iron Barque ... ... 39 < Stanley, Wooden Brigautioe ... .351;, Jb'aroell, Wooden Brigu'atine ... 348 Caberfeidb, Wooden Barque ... 333 Peerless, Wooden BrigiDtine ... 292 Bella Mary, Wooden tiorque ... 244 Energy, Wooden Thrw-masted bchooner ... 185 ■ „:■:■. ■ ■'■ 2642 An extract from the Books of Meßsrs Stone Bros, shows that seven vessels of the value of 1 £25,000 yielded an average monthly profit of £530, equaj to £6360 per annum, exclusive of ehargo ior Insurance ton Hulls. These figures serve to show that with a larger fleet, extended business, and more capital, substantial dividends may confidently be anticipated. 1400 Insure! Insure! Insure! THE IMPEEIAL INSURANCE IS Prepared Io tako FIRE JUSK3 in all parti of the' township at the LOWEST CITEBENT BATES. Scales' of Rates, &c, to be seen at the Stab Otfioe. i WM. MoOULLOUGH. '} A&sHr. INBTTEEBB LIBBEAiLY USALIH WllH. Losses promptly paid. ' Remember— The ilmx>erial. Fire. Insurance Company .