Page 4 Advertisements Column 2

Thames Star, Volume XIV, Issue 4539, 23 July 1883, Page 4

Prospectus PBOSPECTUB OF THE AUCKLAND SHIPPING COMPANY (Limited). CAPITAL ... ~ ... £160,000, In 30,000 Share) of £5 Each. The Capital is to bo called up as f Hows 5s per share on application, 5s per skare on allotment, 5s per si are at intervals of three months, as required, until £3 per share is paid np. PEOVIBIONAI DlBICTOBS: Anderson, H. P, Esq. Morton, H. 8., Eeq Aickin, Graves, Esq. Mifcebelson, 8., Esq., Barber; H. P., Esq. M.H.R. Carry R. C, Esq. McKenzie, D. H,, Esq. Chambers, Jno., Esq. Masefield, T. TV, Esq. Craig, Jos., Esq. Nathan, A. H.,"Esq. Dewar, A., Esq. Owen, G. W., Esq. j Geddes, J. M., Esq. Porter, A., Esq. Hardy, J. Esq. Btone, C. J., Esq. Hulme, Geo., Eirq. Stone, C. 8., Eeq. Harper, Geo., Eaq. Tonks, 8., Eeq. Hull, W. F., Esq. . Wilson, J. L., Esq. BboxbbS: Brokers' Association. Managing Dibeotoe: C. B. Stone, Eeq. SeCBETAB*. PBOTBM.: 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 zocaxliY owhxd vessels), and the 'shipping business carried oh by a ptjbbt.t jIOOAI COMP4HT. ■ The rates of freights current in this colony {compare most favorably with those ruling in fneighboring colonies, and are as » rule suffijciently remunerative to leave a good profit, •trading hence either foreign or intercolonial. f The acknowledged daily increasing commer* I meroial importance of Auckland is asource 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 which we are at present not in absolutely direct communication ; The object of this Company is to provide vasels 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 tr»des. Of course, the large and 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 Newcastle and Greymouth coal trades should be also provided for. „'■■■' There is a vast field in prospective for a good trade with Anerica, 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 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 commencing operations, and arrangements have been made to take over their vessels and the goodwill of their shipping business for the sum of thirty thousand fix hundred and fifty pounds (£30.650), they taking half the amount in Company's shares. Their fleet, consisting of B'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 (he working ex* penses should be conducted on strictly economical principles, the expense of "agencies 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 oaly a email portion is required at present for the purchase of the existing fleet and contingent «xpenses, further capital will not be called up until vessels suitable for the London and other trades may offer for sale at reasonable prices, until which time it is proposed to charter vessels as required to supplemeht the present fleet. ' ' ■ ; It is proposed to invite all Auckland, busi-ness-men and all who may have any interest in the tirade of our port to take Shares 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 oufs de or foreign company or foreign shipping. The Company could then not tail :o be a credit to our port, and a most lucrative investment to Share-holders. 1 The promoters having etery confidence in the success of the undertaking, now appeal to the public to ensure it by subscribing freely forShar s. LIST OF VESSELS. {Tons '" ■ egister Laira, Iron Barque 492 Alceslis, Iron Barque ... ... 393 Stanley, Wooden Brigantine ... 351 Paruell, Wooden Brigantine ... 348 Caberfeidb, Wooden Barque ... 333 Peerless, Wooden Brigantine ... 292 Bella Mary, Wooden Barque ... 241 Energy, Wooden Thr«e-maßted , Schooner 185 264,2 An extract from tbo Books of Messrs Stone Bros, shows that seven voaaels of the value of £25,000 yielded an average monthly profit of £530, equal to £6360 per annum, exclusive of ebargeior Insurance on Hulls. , These figures serve to «how that with a larger fleet, extended business, and more capital, substantial dividends may confidently be anticipated. 1400 Insure! Insure! insure! THE IMPERIAL INSURANCE COMPANY IS Prepared to take FIRE RISKS in ail parts of the township at the LOWEST OUBBENT BATES. Scales of Bates, &c, to be teen at the i Stab Ovfiob. ! WM. MoCULLOTTGH. . ACttNT. ! Ikbcbebs Libbhaiiy Dbaith With. Losses promptly paid. Bemember— The Imperial Fire Insurance Company