Page 4 Advertisements Column 2

Thames Star, Volume XIV, Issue 4536, 19 July 1883, Page 4

Prospectus ■pBOSPEOTUS -JL OF THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL ... ~ ... £160,000, In 30,000 Share! o" £5 Eaob. The Capital is to b» called up as f Hows 6s per share on applicati >n, 5s per stare op alLtm tit 5s per §»are at iVtcrvals of three months, as requires, until £3 per share i paid up. Pbotisioka]/ Dibvotobs: Anderson, H. F.Esq. Morton, H. 8., Bsq 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., Esq. Craig, Jo»,, Esq. Nathan, A. H., Esq. Dewar, A., Esq. Owen, G. W., Esq. Geddes, J. M., Esq. Porter, A., Esq. Hardy, J. Esq. Stone, C. J., Ksq. Hulme, Geo., E?q. Stone, C. 8., Esq. Harper, Geo., E*q. Tonks, 8., Esq. Hull, W. F., Esq. Wilson, J. L., Esq. Bbokbbs: Brokers' Afsooiation. MANAOINQ DlBBCTOB: C. B. Stone, Esq. Seobbtab*, pbotek.: 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 iooauxownbd tbbseu, and the shipping business carried on by a PBBIXY TMC£t. COMVkVi: ' -,-.<■■•■...■, ■,■;•>.- ,-,• — The rates of freights current in this colony compare most favorably with those ruling in neighboring colonies, and are as a rule suffi. ciently remuneratiyn to leave a good profit, trading hence eif er foreign or intercolonial. The acknowledged dtily increasing commer* merciai im ( - ortanpe of Auckland it 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' The object of this Company is to provide vessels to trade in the directions already opened, and others wbioh 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 increasing export of balk and sawn timber will form an important adjunct, A trade wi»h Tasmania, Sydney, Melbourne, Adelaide, Ac, being already established, could easily be continued with regularity, whilst the Newcastle and Graymouth coal trades should be also provided for. There is a vast field in prospective for a good trade with An erica, Mauritius, China, Manilla, Calcutta, The Cape, JVoumea, and numerous 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.,fwho have for some time carried on a good snipping business, and who have now fairly started a new London line, poawfs the nucleus of a fleet suitable for commencufg'~Dp* a ?ations, and arrangements have been mode io take over their vessels and the goodwill of their shipping business for the sum of thirty thousand six hundred imd fifty pounds (£8G,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 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 »he working expenses should be conducted on strictly economical principles, the expense of agencies and; branches td be defrayed out of commissions on tho 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 eaeosable 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- , 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 ai measure self-supporting, and strong enough to compete most successfully with any outsde or foreign company or foreign shipping. The Company could then not fail to be a credit to our port, and a moat 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 Barque 492 Alceslis, Iron Barque ... ... 39 V Stanley, Wooden Brigantine ... 351 Parnell, Wooden Brigantine ... 348 Oaberfeidb, Wooden Barque ... 333 Peerless, Wooden Brigantine ... 292 Bella Mary, Wooden barque ... 244 Energy, Wooden Three-masted ' Sohooner ... .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 an Hulls. These figures serve to show that with a larger . flset, extended business, arid more capital, substantial dividends may confidently be umitrip>ited. 14iiO Insure! Insure! Insure! THE IMPERIAL INSURANCE ;;, • COM:PA.!SrY IS Prepared to take FIRE RISKS in all parts of the township at the LOWEST CURRENT RATES. Scales of Rates, &0., to be seen at the Stab Omds» ' . WM. MoOULLOUGH., ACHNT. Ikbvbbbb Libbbaslx Dbauch With. Losses promptly paid. Remember— ilmx>enalicFire.';lnsurance 'Company