The British Press; or, Morning Literary Advertiser.
London, England, 1825-04-20 00:00:00

BRITISH NORTH AMERICAN SHIP-BUILD-
ING CO3l PA NV.
Capital 600.0001. in 10,900 Shares of !SOL each.
01,01m/or—William Thompson, Esq. Ald. 31. P.
DEPUTY emit RllAN—Robert Gillespie, Esq.
DIRECTOR!.
Andrew Belcher. Esq. Hart Logan, Esq.
John Chapman, Esq. I Simon 311`Oillivray, Esq.
James Doyle, Esq. 31.illiam Pratt, jun. Esq.
Philip Gowan, Esq. Chris. Richardson, jun. Esq.
Matthew Harrison, Esq. Sikes, Esq.
AUDITORS.
Nathaniel Gould, Esq. I Alexander Gillespie, Esq.
BannEns--31esses. Sikes. Snaith, and Co.
The late severe losses sustained by the Shipping Interest of this
Kingdom, and the immense field opened to Great Britain for an
extended and increasing Commerce, by the enlightened policy of
our Government, have caused a corresponding and extraordinary
rise in the price of Ship-building.
Such, indeed, is now the demand for Vessels of all descriptions,
that many Persons. desirous of employing their Capital in Ship.
ping, cannot be supplied by the Builders with the tonnage they
require, except at very high prices, or under circumstances of
delay, often defeating the more immediate purpose of their specu-
lations.
Is is therefore proposed to establish a Company, for the purpose
of building Vessels In British North America, on Contract and for
Sale, but it is intended. for the present, to confine the operations of
the Company to Canada only.
Immediate sales will be the object of the Company, but the
Directors shall be empowered to employ their shipping until die.
posed of, and, in ease of need, to purchase wood cargoes for the
purpose of loading their vessels.
The various advantages to be derived by a Company, established
for the purpose of Ship-building in Canada. will not admit of detail
within the limits of a Prospectus ; hut it may briefly be observed.
that. from practical experience, the following results may confi-
dently be anticipated.
let. The employment of a numerous and useful class of persons
in the Settlement; and by a beneficial diffusion of Capital and
Labour, an increase in the national importance of the Colony.
2dlv. An ample remuneration to the Proprietors—who, inde.
pends:nt of the local advantages which will attend their undertak-
ing. may reasonably look to the favourable Rates of Exchange, and
the Freight in then Ships consigned to this country fur Sale, as
sources of considerable and immediate Profit.
It remains only to add, that it is intended to construct Vessels
adapted for all trades and purposes, under the particular inspection
of the Co:npany's.tgents, by practised Shipwrights, and with such
due attention to the sele;tion and seasoning of the Timber, as.l
it is hoped, sill materially improve the character of Vessels built
in C'ansda.
The Capital of the Company is 500,000 L, raised in 10,000 Shares,
of WI. each, a portion of which will be reserved for Persons in
Canada desirous becoming Share-holders.
The Affairs of the Company to be conducted by the Board of
Directors. who shall have the power of insuring their property,
and of making all necessary Reguktions foe the management of the
Con; patsy.
The property of the Company to be vestal in the nausea of
Trustees.

A Deed of Seteement will be prepared under the ablest legal
advice, and the shareholders will be required to sign the same.
No share shall be soli or transferred until after the payment of
all calls prev;ouslv made ; and then only with the eooseut of two or
more oldie I)irecors.
An instalment ef Si. per Share, to be paid into the hands of the
Ilsokers to the Capra)) forth,' ith, to the account of the Directors.
Due texice to be given all further Payments ; which shall not
at shy one time etered 51. per share.
All communiations to be addressed to the Secretary. to whom
app!ications for Shares mavbe made ; but no Tenders can be re-
ceived after Saturday, the 21Id
W. OILKERSON, Secretary,
6, Gerald-squarer enriched Prier&

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