The Express.
London, England, 1863-11-02 00:00:00

LONDON. MONDAY EVENING, NOS;

THE NATIONAL STEAM NAVIGATION
OOMPANY (Malted).
under "The Companies Ad, 1882." by white the
bi=t,tlaikeh shareholder Is limited to the amoluell ot Le
Worm

Capital, 02,000,000, In 20,000 Shares of £lOO eme,
with power to increase.
Declt on appllcation El per share ; allotment, fl per ohm
after allotment, a tint Call of 118 per daze will be Mob i
subsequent Calls are not to exceed XS per Aare, and ale trot 00
be made at Internals et lass than three maths from dm dabs

It Is not Mpnt proposockto di up mon thaa £6O pm Man.

Thome Chilton, Req. (goldenness and Chilton). Liverpool. Chair.
man at the Shipowners' Aasochation.
Robert Mom info. (Dares. Devideon, and Co.), Liverpool.
Director of the National San* of Liverpool.
William James Ferrite, Elm. Mende Brothers and Co.), Uvarpool,
Director of the British and Antarlean Exchange Banking C 4170.

ration. _ -
Thomasmool.Bernard 011111100, 18q. (Cluaston, Wino, sod Col
Lire
Ltd aired LSINTODOO. Iderard Lawrence and C 0.% Lim,
pool. Director of the British and Foreign Marine insurance
DonlisanY.
Honey Lewin MN., Meeker of the National Bank
London.
Aleph Neale M'Kensa, ran. (Direeter of the National Britt

Loodon.
Robert Norwell. BK. (A. P. and B. Maxwell), Liverpool. Di.
tutor of the North Britt& and NoreontAle Insursnoe COIF
WAY.
Aodron Maloof on, Bp. (J. and D. lasleolnuion and Co.),
LiverpooL
Thomas NUkineoo Tetley, Eaq. (tiollinshead, Tetley, and On.)
Liverpool.
DolioetlmalWsq. (Csborne and Sens), London, Director of the
Liverpool,
Thodfall 800. (H. T. Wilsoa and Chnollthere).
Liverpool. Depetysirman a the British and Foreig thane
Innerance Compaq.
- • ----

MllllLaud Ikatiommib;a: Old Baeadataaat.
Thataimelied National float.
Warir—The Hank of negro& •
Ilverpool—The National Bank of Liverpool.
BROLILL9
London—J. and J. 'Whitehead, a Moorgate-street.
llaaebeater—Tlioasaa Warner, Esq., 9, Stamp-ofilce.buildings,
Croaastreet. _ _ _

Ll;erpoc;l-fiernss Tinley and lions, 44, Brown's-buildings,
Dubliu—gdward Fox, Esq., bl, Dame.street.

......
London —Flux and Andes. 9, Mincing-lane.
Liverpool—Fletcher and Hull. 0, Cook-street.
Strietituergennte MOM= Ann NAVAL stacßreger—Jolin Jordan, ,
Esq. late Chief Surveyor to the Underwriters' Registry of Iron , •
Ships).
81011T/RY—Josepit Treffry, Req.
Temporary Oakes—London 21, Thrognmortonatreet. Liverpool: I I
Commercial-buildings, Water-street.
Nothing has been more remarkable In connexion with the pro- •
geese of Lancashire then the rapid extension of the steam trade
of Live l. In the year Pal, the tonnage of foreign steamers
entered inwards at the Custom-house was 188.715 tons, while in
1861 it was 595,319; which, in the year ending June, 1883. •
Increased to 758.420 tons.
In the eau lier days of steam, and before the recent improve-
ments for the economy of fuel had been Introduced, steamers
could be employed with advantage only for the carrying of mails
and passengers; but latterly, owing to the improvements In
marine engines, economy of feel and space has been effected,
thereby greatly reducing the working expenses; and screw
steamers have not only been employed in all the near trades for
the conveyance et goods, with large profit to their owners, but
owing to the advantage, which they afford to shippers, they
have, in these trades, almost entirely displaced sating vessels. •
For some years the carrying trade out of Liverpool has been
gradually undergoing a change. In the American trade screw
steamers have taken the place of the once celebrated New York
Rimers, but as yet only as carriers of the highest class of fine goods
and passengers: other descriptions of goods and • large number
of intermediate and steerage passengers bang still conveyed fly
▪ vessele
bathe impostam branches of the American import trade, viz.,
them oil pe/n. flour, and provisions, the loss aunually sustained
by heating during the protracted voyages frequently made by II
Wing vessels is so great that the Interest of all engaged in these
trades will be enlisted in favour of any scheme for the extension
of steam shipping to Mende such freight, and there can be no
doubt but that tin whole of the enormous trade in these articles,
which in Liverpool alone amounts annually to 750,000 tons, will
tall entirely Into the hands of steam commit les.
The first object of this Company Is to place on the New York
station a fleet of screw steamers from Liverpool and London of
lane site and great capacity, which will be able to carry Mama
If not quite as cheap as sailing vessels, whilst at the same time,
from the regularity of their pasuager, they will command a toll
Wee o: the steam trade, and the Directors also intend sending
steamers to the American cotton ports when the war Is brought
to an end and the trade re-opened, and hive also under their
consideration the wants of the Brazil and other trades.
In organising this Company the Menem believe that It will
mot enter Into endue competition with the exieeing lines.
The Cunard line is a labs deed Company, canying the malls
and passengers with fast and espendire steamers.
The Inman Resins no subsidy, but, nevertheless, bar been
moot successful, and It now employs eleven vessels, having cora-
seemed Its cps lons with two steamers, the City of Glasgow
and City of Manchester. The atearnsbips of the Inman ins are,
however, of greater proportionate bores-power than those pro-
jaded by thiscompany, which will be sailed at much less=
and will be emetructed to consume • comparatively
aesciant of coal; at the same time, of such capacity that, In ad-
dales toe large mane of merchandise and pasimenprs, the, will
be able to eery suMedeut fuel for their voyages both oat stud
how, and so avoid the expense and delay Incurred .by coolies
Abend.
In order that the objects of this Company may not be even
partially sancipatsd, a•4l that the stations may at once be occu-
pied. provislaeat arrangement. bare been made whereby three
new steamers. of the description indicated. and in all respects
suitable for the service. have been secured, and contracts have
been veered Into for the building of others of about 6.6.0 tone
each, and It is proposed to commence with • fortnightly servios
each way, to be lamented to weakly Wings as soon as the
needs as be got ready. The ports of departure shall be
Liverpool for the weekly Hee, and London to the extent the
Metropolitan trade may require.
The ships will be built under the inspection of Mr. John Jor-
dan (Into Chief Surveyor to the Underwriters' Registry of Irea
liklps„ whose serene, se Inspectina Inltiace, and Naval Arai-
tact the Directem have secured to thin °Dempsey.
The eneless winch has attended the formation of well.managed
Mesas frenpantes has been very marked. That of the Cunard
sad lumen Company la well know. The Pubic Steam Naviga-
tion Company, whose shares, t5O paid, are selling at C7B per
share, has, out of profits, given to its shareholders new paid-rap
shares exceeding the amount of the original capital, and pays •
regular dividend of 10 per cent, on the leagued issue, carrying
over se each mensal meeting an almost equal sum, while many
private steamship owners, with similar description of vessels,
bat much smaller than those thia Company intend to possess,
here reaped like results.
The Directors have therefore every reason to anticipate • very
great three= to the undertaking. may see not entering upon
as experiment, but are providing for the Company • similar
description of vessel. but of hug. r alas, than those which have
proved so remunerative to several well known private Anna
engaged In the Mediterranean and other trades, and have thus
the Meseta/le of the experience so acquired, which proves that
Idiot a seeded, under eflicknt management, to ensure profitable
results, are large ships with moderate but sufficient horse
power, and great carrying capacity.
The introduction of the Limited Lianlity prinethle has en-
abled undertakings of great mantises like the present to be
carried out by Joint stock Companies. which may enforce the •
co-operation of shippers and of others Interested. Instead of by
private capitalists as heretofore; the result being that the sup-
porters of this line will become interested in Its success, and '
participate in the pronto which they assist to earn.
ed form
to for.stdsaztnesaynfbe addressed ht s
the Prospectus ynrobi.inorz
at the Temporary nieces of the Company, or at the offices of the
Brokers and Solicitors; but no application will be considered
• aimless • deposit of £1 per attars on the number of shares applied
• for has been psid.
PORN or AIIIJOATTON Yen RUM.
To ha retained by the Rankers.
To the Dnecton of the National Steam Navigation Company
(Limited).
Oentlemen.—Having paid to your bankers the sum of C.
being a deposit of LI per sham on shares in the shove
- Company, I hereby request that you will allot me that number,
and I agree to become a member of the Company In respect of
such shares, ate is rupee of any has number you may allot me,
and to execute the articles of association when required ; and I
request that my name may be placed on the register of members
for the shares so allotted.
Name In fall
Residence
Profession or loadaloo
Date

aa 2.863.

Cc spto irrLiacE.

axerwies nininine. • •
• ?RAWL
: , ; ,rasallov. L
The Miworial Diplowaatique of to-day says :
"We learn from a detain source that the next
budget will show for the current year an increase
in the pill:die revenue of not leas than 100 millions
upon tie previsions of the last budget.
"It i► this that has enabled the government to
provide*, more than four-fifths of the expense of
the Maims expedition with the ordinary mourn*
of the Tisieury, which, of course, has only made
to Mexico an advance, the repayment of which,
thanks to ibs nit al wealth of that country, is sot
doubtfuL"
POETIFICAL STATES.

I
ROa.- use" Imola
The dimwit di Roma denies thi atteements of
the Italian papers relative to deserters aad refugees
at Rani. The Pontifical government invariably
considers deserters ootnhig from the invaded pro.
%blebs at the States d the Church as its sabjectn
The Oiontals further states that tbe liespolitan
reactionary' Owners have suffictentlY refuted the
accusation that the Pontifical goveentolint
leuctfor " • ' • •