Northern Times.
Liverpool, Merseyside, England, 1859-01-01 00:00:00

AUDITORS.

Messrs. Ilarmood Banner and Son, North John-street, Liverpool.

SECRETARY PRO TRM.
Mr. Harmood W. Banner

The Mersey Graving Dock Company (Limited), has been incoro
porated under the provisions of the Joint Stock Companies Acts;
1856-1857.- The...ohjects of . the Company are the Building, and
more especially the Repairing, of Wood and Iron Aifs, of ever/
description' and with these objects in view, negotiations have
• been entered into with Messrs. Clover and Boyle, and pr. Williao
Ashley Clayton, for the purchase•from. them, of their -several leases
.of the extensive Graving Docks and YardS at Bir-Kenhead, held bl
them under the Corporation of Liverpool, and also of the Tenant'
interest of Messrs.-Clover and Royle in premises in Baffin-street,
and Etna-street, Liverpool, and of all plant, machinery, and stock
'in Birkenhead and- Liverpool, belonging to the 'abol,e,platics, and
of the goodwills of their busineSs; and Messrs: Clover and Role'
and Mr. Clayton, are now willing to transfer the same upon term
which appear to the Directors very-advantageous to the Company'
The. Corporation of Liverpbol (the lessors of the premises at Birkew
head), 11111 give'their consent to the &fader of thelleases.
The above Graving Docks, lying between Monks Ferry 04
Woodside Ferry, afford great advantages, and are suffielently ceps'.
cious to accommodate at one time from-9,000-tcylo,ooo tons of ship'
ping for repairs. They contain over 30,000 square yards of land'
of which 14,000 yards are dock and water space.
'i he Buildings forma massive pile of stone and brick building,
300 feet long by 50 feet wide, and- comprise lofts, .rigging-rwra-4,
and workshops for joiners, bloekmakers, smiths, and bolermaker6'
There are also engine houses, foremen's cottages, and stables oa
the premises. The stock on the preinisks is very large, comprisia
-an ample supply of materials -irecessarr%r- the trade.----
The average rentals are under 2s per square yard, including cost
of warehouses and workshops.
The dues charged= ships entering these docks, are those fiSt4
b the Mersey Docks and harbour Board.
There is little or notidal currentin the river between Woodstdj
and Monks' Ferries, and experience has proved that the large'v
-ships can be easily docked and undocked at these yards in s
weathers.

The premises in Baffin-street and -Etna-street, in Lirerpo°
where Messrs. Clover-and Rityle have for many years corded on 31:,
extensive business in repairing. ships,, will, it is considered by th
Directors, be a valuable adjunct to the undertaking.
The Companyi being essentially, a ship-repairing company,
fl
the profits divisible amongst the anareholders, shipowners becole;
ing shareholderi will receive, in the dividends, a per centage of tb
money expended in their own vessels, whilst the work will
efficiently and economically done.
It is contemplated that under the supervision of the Directors thee
practical management of the business of the company' shall be coil'
ducted by Mr. Clayton and Mr. Joseph Boyle.
The Directors having made the most careful inquiry into tbd
nature of the business, the capabilities of the docks and yards, and
the estimated profits, anticipate a remunerative yearly dividerce
upon the capital of the Company; and the fact that many extensive
shipowners have already taken shares, is a guarantee that the CO.
pany may at all times reasonably expect a steady and increase
business.
Applications for shares, in the annexed form, must be addreela
to,ET.armood W. Banner, Esq., 24, North John-street, Liverpool,
or before the 15th of January next.