The Express.
London, England, 1863-11-07 00:00:00

THE NATIONAL STEAM NAVIGATION
COMPANY almitedl.
In=rated under "The fornpanie Act, lfell," by which the
liability each shareholder Is limited to the amount of his
shareu
Capital, /1000,000. In 10,000 Shares of 1100 each,
with power to increase.
Deposit on application 41 per snare: allotment, 41 per share.
Soon after allotment, a first ND of /1 per sham will be made
subsequent Calls are not toexceed £1 per share, and are not to
be made at intervals ef less than three months frem the date
of prior calls.
Ilia Dot at present proposed to call up more than 1.50 per share.
_ _DIMXT°IB: . - . . .

Thomas Mann, Esq. 'flolderness and Chilton', Liverpool, Chair-
man of the Shipowners' Association.
Robert Dime, Eaq. (Dime, Davidson, end Co.), Liverpool,
Director of the Nations/ Bank of Liverpool.
Witham James Fernle, Esq. (Fends Brothers and Co.. Liverpool,
Director of the British eadAmarican Exchange Banking Corp:.
ration.
Thomas Bernard Onnston, bq. (Bandon, Wilron, and Co.),
Liverpool.
Edwin Haigh, Bp. (Thomas Hilgh and Co.), Liverpool.
Edward Lawrence, Esq. (Edward Lawrence and Co.. Liver-
copool. Director of the British and Foreign Marine Insurance
lnesoY•
Haney Lewis, Esq., M.P., Director of the National Bank,
London.
Joseph Neale M'Kenna, Esq., Director of the National Bank,

London.
Robert Maxwell, Esq. (A. F. and Z. Maxwell), Liverpool, Di-
rector of the North Mtbh and Mercantile Insurance Co-
.

Ima7.
♦adroor Malcolmaon, Eq. (J. and D. Maloo'num) and Co.),

Liverpool.
Theme Wilkinson Tetley, Req. (Nollinahead, Tetley, and Co.)
Liverpool.
Major l sborne F.so. (reborn* and Sons:, London, Director of the
National Bank.
Henry Threlfall Wilson, Eng. (H. T. Wlleon sod Chansbess),
Uverpool. Deputy-Chairman et the British ARA Foreign Marius
Lawrence Company.
—•—

11•111113C6.
Jonas—The National Bank, Old Broad-atreet.
Ireland —The Branches of the National Bank.
lianchater—The Bask of loglant.
Liverpool—The National Bank of LiverpooL
11110111.8.

London— J. and J. WhlteheZ,7, Ma:nate street.
Maacliagier—Thocaaa Warmer, Yaq., 0, Stamp•oft

Crossetaset.
LNerpool—Tbomu Tinley and Sons, 44, Brown's-buildings.
Dublin—ldward Fox, MN., 61, Dame street.

London—Flux and Ai es. 9, Mintinglane.
Liverpool—Fletcher and Hull. 4 Cora-street
Burranrrnimino Eneurszu earn NAVAL Aseurrocv—loin Jordan,
(late Chief Surveyor to the Underwriters' Begistry of Iron
Ships).
0121,.k1a 11929eiti B. liseellster. lap.

Baonaffthr —Jose%)rfry, Les.
Temporary Offtees—thadon 51, ortonutreek Liverpool:
Coramerelakbandings, ater•rtreet.
Nothing has been more remarkable in CODOPIiOII with the pro. '
pegs of Lancashire than the rapid extension of the steam trade
of Liverpool. In the year lthf.„ the tonnage of foreign steamers
entered inwards at the Costom-house was 108.71$ tons, while la
1881 it was 66ggt8; which, in the year ending June, 1863,
increased to 766,1!0 torts.
In the earlier dap of steam, sad before the recent impress
meats for the sooner yof fuel had been introduced, 'steamers
could be employed with advantage only for the carrying of mails
'and passengers; bat latterly, owing to the improvements la
marine engines, economy of fuel and space has been effected,
thereby greatly reducing the working expenses; and screw
steamers have not only be-n employed in all the near trades for
the conveyance of goods, with large pewit to their owners, but
owing to the advantages which they afford to shippers, they
have, in these trades, almost entirely displaced sailing vessels.
For some yearn the carrying trade out of Liverpool has been
gradually undergoing a change. In the American trade mew
steamers have taken the place of the once celebrated New Tort
liners, hot as yet only as carriers of the highest elms of Ilse goods
and passengers: other dent-riot/oas of goods and a large somber
of Intermediate and steerage passengers being still conveyed by
sailing vessels.
la the important branches of the American Import trade, viz,
those of grain, flour, and provisions, the loss carnally sustained
by heating during the protracted voyages frequently made by
sailing vessels is so great that the interest of all engaged In these
trades will be enlisted in fovea, of any scheme for the extension
of steam shipping to include such freight, and there can be no
doubt bat that the whole of the enormous trade in these articles,
which in Liverpool alone amounts annually to 710,000 tons, will
fell entirely into the bands of steam coax. roles.
The drat object of this Company is to piece on the New York
station a fleet of screw steamers from Liverpool and Loudon of
terse she and great capacity, which will bs able to carry almost
if not quite as cheap as sailing vessels, whilst at the some time.
Rom the regularity of their pamper, they will command a full
share of the steam trade, and the Directors also intend seeding
steamers to the American cortos ports when the war Is Annubt
to an end and the bade re opened, and have also under their
osnelderation the waste of the llraail and othsrlwades.

is oeft~ofdq 60b Caapniiii;bir7cio;:Tieil;;; that it win
not enter Into undue competition with the existing lines.
The Cunard line Is a mho Mud Company, carrying the malls
and passengers with fast and ei pensive steamers.
The Inman line has no sohslity, but, never beless, hu Teen
most successful, and it now employs eleven vowels. having com-
menced its operations with two steamers, the City at Glasgow
and City of Manchester. The steamships of the Inman line are,
learemer, of greater proportionate hove-power than those pro-
jected by this Company, which will be sailed at much lees out,
and will be constructed to consume a comparatively mall
amount of coal ; at the same time. of inch capacity that. In
ad-
ditton to a large cargo of merchandise and gissaengera, they will
be able to cony sufficient feel for tbelf TOCIMS both out and
home, end so avoid the expense and delay Incurred by coaling
abroad.

In order that the objects of this Company may not be even
partially anticipated, a. d that the stations may et mice be occu-
pied, provisional arrangements have been made whereby three
new steamers. of the description indicated. and in all respects
suitable for the service. have been seemed. and contract' have
been entered Into for the building of others of shoat &S* tons
each, and It is proposed to commence with a fortnightly 'eerie,
each way, to be increased to weekly sailing, as soon as the
smell con be got ready. The parts of departure shall he
Liverpool for the weekly line, and Loudon to the extent the
Metropolitan trade may require.
The ships will be built under the Inspection of Mr. John Joe-
den late Chief Surveyor to the Underwriters' Registry of iron
Ships. whose serskes en inspecting Retirees. and Naval Archi-
tect the Directors have secured to this Company.
• ."

The success which has attended the formation of well-managed
steam companies has been very marked. That of the Cunard
and Inman Company is well known. The Pacific Steam Naviga-
tion Company, whose shares. C.OO paid. are selling at £7B per
share, has, out of profits, even to its shareholders new Bald-up
Mares exceeding the amount of the original cardtat and pays a
regular dividend of 10 per cent. on the incressed bane. cerrying
over at each annual meeting ►n almost equal sum, while many
private steamship owners, with similar description of mewls
but much smaller than those this Company intend to passim
have reaped like results.
The Directors have therefore every reason to anticipate a very
mat success to the undertaking. They are not entering upon
on milleement, but are providing for this Company a eirallar
description of vessel. hot of lam r "Ise. than those which have
proved so remunerative to serene well known private firms
engaged I. the Illediternmem and other trades. and have thus
the advantage of the experienre en acquired, which proms that
whet is needed, ender eTel•et management. to ensure profited@
result., are ism ships with moderate but sufficient horns
Rawer: and great carrying capacity.
The introduction of the Limited Liability principle has en.
abled undertakings of great magnitude like the present to he
I carried out by Joint Stock Companies, which may entbr oft the
co-operation of shippers and of others intended, instead of by
private capitallets as heretofore : the result helix that the sup-
porters of this line will become interested in its success, and
participate in the profits which they *mist to earn.
Applications for shares may be addressed in the annexed form
to the Directors, and copies of the Premix:kis may he obtained
at the Temporary 0110“ of the Company, or at the offices of the
Brokers and Solicitors hit on application will he considered
seem a deposit of al per share on the number of shares applied
for has been paid. • --
WORN OF APPLICATION FOR CRAW.
To he retained by the ttar9ters.

To the Direetonoell;il;tional Steam Navigation Company
%alted):
• -

nentlemen.—lfevlng paid Toitfarhankers the mars of t
being a deposit of L 1 per share on shares In the ahem
Company. I hereby request that you will allot me that number.
and I awes to become a member of the Comp/my In respect d
such shares, or in respect of soy less number you may allot me,
and to emente the articles of association when required : mod I
request thst my name may be placed on the register al imnsiess
for the shares so allotted.
Name In tall
Reddens

nw-..

THE MERCHANT BANKING COMPANY
of LONDON .Idadted).
NOTICE I! HEREBY GIVEN. that the WIT of APPLICA-
TIONS for SHARES In Ulla Cr...apathy will be CLOSED to appli-
cant. from London nn MONDAY aunt the 9th Inst., and from
the Country on TUESDAY. the 10th tut.—By order.
B. WILLIAM! BALL. Secretary pro tem.
Temporary Mere 27, Moorrite Wreck London, EC,,
No►. 4, IRA