Page 4 Advertisements Column 3

Thames Star, Volume XIV, Issue 4533, 16 July 1883, Page 4

„ Prospectus PROSPECTUS OP THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL £160,000, In 30,000 Sharea of £5 Each. The Capital is to be called up as f Hows. 6b per share on application, 5s per share on all tm-nfc, 5s per share at intervals of three months, at required, until £3 per share it paid up. Pbovibiokai Dibectobs : Anderson, H. F.,Esq. Morton, H. 8., Esq. Aickin, Graves, Esq. Mitchelson, E., Esq., Barber, H. P., Esq. M.H.R. Carr, R. C, Esq. McKenzie, D. H., Esq. Chambers, Jno., Esq. Masefield, T. T., Eeq. Craig, Jos., Esq. . Nathan, A. H., Esq. Dewar, A., Esq. ■-■ Owen, Q-.W., Esq. Geddes, J. M., Esq. Porter, A., Esq. Hardy, J. Esq. t Stone, C. J., Esq. 1 Hulme, Geo., Esql Stone, C. 8., Esq. Harper, Geo., Esq. Tonks, 8., E»q. ,- Hull, W. F., Esq. Wilson, J. L., Esq. < ' : BbokbbS: ' Brokers' Af>sooia*ion. Managing Dibbctob : C. B. Btone, Esq. Seobetabl, pbotsk. : 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 arid exports of our city may be as much as poßßibje carried in roOAM-T owhxd TXSSEib, and the shippiog business carried on by a PUBBtjr XOCAI 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 eit er foreign or intercolonial; The acknowledged dtily increasing ooromermercial importance of Auckland is a source df gratificaton, 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 direot communication ..:;'.;: ' \ \ The object of this Company w to provide vessels to trade in the directions already opened, and others Which may from time jto 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 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* castle and Greymouth 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 Gapa, Noumea, and nnmerous foreign ports, with some of which, even at the present moment, a profitable direot 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.,|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 com* menoing 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 (£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 servio 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' 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 commistions on; the actual freights earned by those branches. The proposed capital ia set dows^at £150, 000, but as only a small portion is required at present for the purchase' of tbo existing fleet and contingent expenses, further will not be called up unt 1 Vtssels suitable for the London and other trades may offer for sale at easonable prices, until, which time;it is proposed to charter vessels as'requtred to supplement the present fleet. It is proposed to invite all Auckland busi-ness-men and all who may have any interest in the trade of our port to take Bhares 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 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 ifc by subscribing freely for Sbar< c. LIST OF VESSELS. LTons egister] Laira, Iron Barque .. ... 492 Alceslis, Iron Barque 39s Stanley, Wooden Brigantine ... 351 haroell, Wooden Brigantine -348 Caberfeidb, Wooden Barque ... 333 Peerless, Wooden Brigantine ... 202 Bella Mary, Wooden 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 for Insurance on Hulls. ; ., These figures serve to show that with a larger fluet, extended business, and more capital, substantial dividends may confidently be anticipated. . 1400 Insure! Insure! Insure! THE IMPERIAL INSURANCE COMPANY ; IS Prepared to take FIRE BISKS in all parts of the township at the LOWEST CURRENT RATES. Scales of Rates, &c, to be seeu at the Stab Octioi. WM. BfoQULLOUGH. Agxkt. . INSUBHBO LIBBBAIiIiY DSALTH WITH. Losses promptly paid. Remember-— The i InnoeriaU'Fire. Insurance,. : JCompany