The British Press; or, Morning Literary Advertiser.
London, England, 1825-06-29 00:00:00

PROSPECTILS of the ST. KATHARINE DOCK
COAIPANI'.
Constituted a Joint-Stock Company by an Act of the 6th
George IV, 1826.
This important undertaking is supported by many of the leading
Merchants, Ship owners, and Traders of the Metropolis, who are
deeply linen-cc" in promoting its commercial prosperity.
The necessity of giving to the public additional convenient wet
dock and bonding amommodatien near the seat of business infthe
port of liondon, and of securing to it a reduction irr the rattn and
chances, has long been experier.eed. Moderate rates upon the land-
ing, housing, rent, shipping, dta of goods, nee essential for the pur.
pose of bringing this port nearer to a level., in point of expense, not
only with the other ports of the empire to which the privilege of
bonding is extended, but more particularly who the principal ports
of the Continent of Europe, which, in consequence of tneir lower
charges, attract a very large proportion of the trade of transit which
would othern ise resort to London.

The prosperity which cannot but attend that lucrative branch of
commerce, under the improved commercial code of the country,
especially if accunpanied by a diminution in the part charges, must
be apparent front the great increase r:hich evert under existing cir-
cumstances, has already been experienced, since the passing of the
Wsuehousing Act, in July, 1823—four-fifths of which increase has '
be at crloved by the port of London.
3. Tim- Lcziton 1.415 e oaly merel bonding establishment
al*in three miles and a half faitsthe Royal Excnange, sad that
.sterkishavent does nee afford aecumnsaslation far gas itiereaste cf
trade which has already twken place ; stilt less, therefore. can it
prociic for the additional event of business that may confidently
be expe.ned to flow out of those enlightened principles of legislation
which are so eminently calculated to promote and extend the tom-
merce and navigation of the British Empire, and make the Port of
London the etnporittm of the world.
The place which has been selected for the construction of the pro-
posed Docks, NVarehouses, Quays, &c. which will be surrounded
with walls, so as to entitle them to all the privileges of the wale.
housing system and of legal quays, is situated between the Tower
and the London Docks, • situation unparalelled in point of con-
venience.

The advanced state of science in engineering and arcgitecture,
with the present price of building materials, will enable the pro-
moter, of the measure, notwithstanding the comparatively limited
site, to afford to the public accommodation for warehousing. bond-
ine, and quay-room, nearly equal in extent to the London Docks;
and from an improved construction of the warehouses, which will
be erected within a few feet of the margin of the clocks and basin,
a very considerable annual saving will be effected in the expense of
labourage.
it is computed that the St. Katharine Docks sad Basin will, with
great convenience. afford accommodation, annually, for about 1,400
inerchard skips, including private trade Indiamen, besides craft for
loading and discharging. Increased facilities will be afforded to
the ingress and egress of shipping by the improved application of
mechanical powers, by means of which ships and lighters, at a
very trifling expense to the Company, may, in the night as yell as
by day, be locked in and out of the docks during any period of
'tide ; as the sills of the outward gates will be so conioructed as to
provide for ten feet depth at low water, and from twenty-six to,
thirty feet at the height of spring tiler.
According to the estimates proved before Committees of Parlia-
ment, the total cost of the site, the purchase of buildings, leases,
and the various interests concerned, including compensations and
expenses of carrying the Act into execution, will be about,
1,34'0,0004 ; whilst the capital stock of the London Dock Company
amounts to upwards of 3.200,000 f.
Calculating upon the above estimates of outlay, with an ample
provision fur extraordinary contingencies and unforeseen demands,l
including a reserve fund, and making large allowances for a redue-
tion in the rates of the port, the profits are estimated to be such as
will yield a highly satisfactory return to the subscribers on their in.
vestment.* The proscs thus estimated may be anticipated with the
greater confidence, because the calculation proceeds on the suppo-
sition of al extent of business equal to only three-fourths of the
capacity of the proposed docks and warehouses, whereas it may
fairly be expected, that the inestimable advantage of proximity of
situation, and the attention which will be paid to every possible im-
provement in management, may secure full employment, and, con-
sequently, still larger returns to the proprietors.
rhe Act provides for the payment of interest to the subscribers
upon their instalments, after the rate of 4 per cent. per annum, until
the works shall have been completed.
A deposit of 11 percent. upon die sums subscribed has been made ;
and upon payment of the first call, a scrip receipt will be issued to
the proprietors; after which, sales at' shares may take place.
The calls arc limited to 10 per cent. upon a •wo months' notice.
No person will be answerable beyond the amount of stock stand-
ing in his name. •
At the expiration of one year, to be reckorml from the opening
of the docks for business, a dividend will bed:dared and paid, and
after that period half-yearly, regard being had tothe creation of a
reserved fund for repairs and contingencies.
An account of die-concerns of the Company for the preceding
year will be laid before the proprietors at the annual meetings, and
ma y be ink petted by them a few days previous to such meetings.
The direction in composed of the following Gentlemen
THOMAS TOOKE, Esq. CHAIRMAN.
O. G. DE H. LARPENT, Esq. DEPUTY.CHAIRMAN.
James Alexander, Esq. M.P. I Sir John Wm. Lubbock, Ban.
John Wm. Buckle, Esq. John Horsley Palmer. Esq.
George P. Barclay, Esq. John piston Powles, Esq.
Wm. Crawford, Esq. Henry Bowles, Esq.
Carr Glyn, Esq. Wm. Sampson, Esq.
feleiMs Pascoe Grenfell, Esq. Alderman Thompson, M.P.
Lyon A. Goldschrnidt, Esq. Andrew I fenry Thomson, Esq.
Wm. lialilimand, Esq. M.P. Thomas Wilson, Esq. ALP.
John Benj. Heath, Esq. Fletcher Wilson, Esq.
John Hodgson, Esq.
TREASllnEa—George Carr Glyn, Esq., Lombard-street.
BxCleragy—John Hall, Esq. No. K, Circa', Minorics.
SOLICITOR—WiIIiam Tooke,. Elq., Gray's Inn.
Crete Eirotxxien—Thomas Telford, Esq., Abingdon-street,
Westminster.

ARCIIITICT AND Stravvroa—Pbilip Hardwick, Esq., Great
hl ail borough-street.
All applications relating to the business of the Docks, &e. to be
made at the Office, No. 27, Austin.friars, until the Docks shall be
opeved for business.
• The detailed examination and Report of a Committee upon
this important branch of the subject may be inspected by any of
the Proprietors upon application to the Secretary.