The British Press; or, Morning Literary Advertiser.
London, England, 1825-06-27 00:00:00

PROSPECTUS of the ST. KATHAKINE DOCK
COMPANY.
Constituted a Joint-Stock Company by an Act of the 6th
Qeorge IV, 1825.
This important undertaking is supported by many of the leading
Merchants, Shipowners, and Traders of the Metropolis, who are
deeply interested in promoting its commercial prosperity.
The necessity of giving to the public additional convenient wet
dock and bonding accommodation near the seat of business in the
port of London, and of seething to it a reduction in the rates anti
charges, has long been experienced. Moderate rates upon the land.
ing, housing, rent, shipping, sta of goods, are essential for the pur-
pose of bringing this port nearer to a level, in point of expense, not
only with the other pries of the empire to which the privilege of
bonding is extended, but more particularly with the principal ports
of the Contir.ent of Europe, which, in consequence of their lower
charges, attract a very large proportion of the trade of transit which
would otherwise resort to London.
The prosperity which cannot but attend that lucrative branch of
commerce, under the improved commercial cede of the country,
especially if itCC3ITI panied by a diminution in the port charges, must
be apparent from the great increase which, even under existing cir-
Wareborritar Act; bfr.44ticilr, I.been 42M .ftrrhilltl"..
bean enjoyed by the port Of London.
The London Dock is the oily general bonding tsetse
within three miles and a half from the Royal Exchange, and that
establishment does not afford accommodation for the increase of
trade which has already taken place still less. therefore. can it
provide for the additonal extent of business that may confidently
be expected to flow out of these enlightened principles of legislation
which are so etninently calculated to promote and extend the coin-
inerce and maigetion of the British Empire, and make the Port of
London the emporium of the world.
The place which ban been selected for the cormniction of the pro.
posed Dotes, Warehouses, Quays, &er which will be runounded
with walls, so as to entitle them to all the privileges of the wane.
housing system and of Irgel quays, is situated between the Tower
aed the London Docks, a- situation unpandelled in point aeon-
vtnience.
The advanced state of science in engineering and architecture„
with the present price of building materials, will enable the pro.
inciters of the measute, notwithstanding the comparatively linked
site, to afford to the public: accommodation for warehousing, bend.
ing, and quay-room, nearly equal in extent to the London Docks;
and from an Loomed construction of the warehouses, which will
be erected within a few feet of the margin of the docks and basin„
a very considerable annual saving will be effected its the expense of'
lebourage.
It is computed that the St. Katharine Docks and Basin will, with
great convenience. afford accommodation, annually, fur about 1,400
merchant skips, including prime trade Indiernen, 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 well 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 constructed as to
provide for ten feet depth at low water, and from twenty-six to
thirty feet at the height of spring tides.
According to the estimates ',royal 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 carryloo the Act into execution, will be about
1,350,000/. ; whilst the capital stock of the London Deck Company
amounts to upwards of 3.200,0001.
Calculating to on the above estimates of outlay, with an ample
provision for extraordinary contingencies and unforeseen demands,
including a reserve fund, and making large allowances for a reduc-
tion in the rates oar the port, the prelim are estimated to be such as
will yield a highly satisfactory return to the subscribers on their in-
vestment.* The profits thus estimated may be anticipated with the
greater confidetree, because the calculation proceeds on the suppo-
Ninon of an extent of business equal to only throe-fourths of the
capacity of the proposed docks and warehouses, whereat it may
fairly be expected, that the inestimable advantage of proximity or
situation, and the attention which wilt be paid to every possihle im-
provvinest in management, may secure full employment, and, con.
sequeutly. still larger re:urns to the proprietors.
The Act provide-4 foe tl.e payment of interest to the subscribers
upon their instalments, after the rate ore per cent. per annum, until
the works shall have been completed.
A deposit of 5 per cent. upon the sums subscribed has been mades
and upon liniment of the floc call, a scrip receipt will be issued to
the proprietors ; after which; sales of shares may take place.
The calls are limited to ID per cent. upon a two months' notice.
No person will be answerable beyond the amount of stock stand-
ing in his na•ne.
At the expirntion of one year, to be reckoned from the opening
of the docks for business, a dividend will be declared and paid, and
After that period half-yearly, regard being had to the creation of a
:wed fund for repairs and contingencies.
An account of the concerns of the Company for the preceding
year will be laid before the proprietors at the annual meetings, and
.tray be inspected by them a few days previous to such meetings.
The direction is composed of the following Gentlemen :_
TnomAs TOOKE. Esq. CHAIRMAN.
G.% DE H. LARPENT, Esq. Dern r r-CiLerneuo.
lamas Alexander, Dog. M.P. Sir John Wm. Lubbock, Bart.
JOllll Wm. Buckle, Esq.l John Horsley Palmer, Esq.
George P. Barclay, Esq, John Distort Powles, Esq.
Wm. Crawford, Esq. Henry Rowlett, Esq.
.leorge Carr Glyn, E.g. Wm. Sampson, Esq.
Lherles Pascoe thenfell, Esq. Alderman Thompson, M.P. •
Lyon A. Goldechrnidt, Eeq, Andrew Henry Thomson, nal.
Haldimand, Em. .M.P. Thomas Wilson, Esq. 31. P.
John Benj. Heath, Esq. Fletcher Wilson, Esq.
John Hodgson, Esq.
l'oeastatta--Ocorge Carr Glyn. Em q„ tombard-street.
SECRETARY—John Hall, Esq., No. 6, Circus, Minoru,.
SOLICITOR—WiIIiam Tooke, Eat.. Gray's Inn.
U rfa. Exontorx—Thomas Telford, Esq., Abingdon-street,
Westminster.
AIICiIIITLCT axes bonworos—Philip Hardwick, Esq., Great
Marl liorough-etreet.
All applications /elating to the business of the Docks, &e. to be
a teat the Office, No. 27, Austin-frieze, UAW the Docks shall be
evened for business.
• The detailed examination and Report of a Committee upon
:es important branch of the subject may be inspected by any of
thf: Proprietor, upon Application to the becretarYs