The British Press; or, Morning Literary Advertiser.
London, England, 1825-04-18 00:00:00

BRITISH NORTH AMERICAN SHIP-BUILD.
IND COMPANY.
Capital 500.0001. in 10,900 Shares of 601. each.
CuatitmAN—lVilliam Thompson, Esq. Ald. M.P.
DZPUTY CHAIRMAN—Robert Gillespie, Esq.
DIRECTORS.
Hatt Logan, Esq.
Simon 11143illimy, Esq.
William Pratt, jun. Esq.
Chris. Richardson, jun. Esq.
William Sikes, Esq.

Andrew Belcher, Esq.
John Chapman, Esq.
Janus Dowie, Esq.
Philip Gowan. Esq.
Matthew Harrison, Esq.

awnToapf

Nathaniel Gould, Esq.

I- Alexander Gillespie, Esq.

Bsaissiess—:Henn. Sikes, Snaith, and Co.

The late se►ere losses sustained by the Shipping Interest of this
Kingdom, anti the immense field opened to Great Britain for an
extended and increasing Commerce, by the enlightened policy of.
our Government, hive 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, desifous 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 Norib America, on Contract and for
Sale, but it is Intended, for the present, to confute the vexations at
the Company to Canada only.
Immediate soles will be the object of the Company, but the
Directors shall be empowered to employ their shipping until dis-
posed of, and, in cu,e of need, to purchase wood argots 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 ; but it may briefly be observed,
that. from practical eiperience, fallowing results may confi-
dently be anticipated.
lost The employment of a numerous end useful class of persons
in the Settlement ; and by a beneficial diffusion of Capital and
Labour, ao increase in the national importance of the Colony.
2dly. An ample remuneration to the Proprittors—_who, inda
pendent of the local advantages which will attend their undertak-
ing:may reasonably look to the favourable Rates of Exchange, and
the Freight in their Ships consigned to this country for Sole, as
sources of considerable and immediate Profit. _

-
It remains only to add, that it is intended to construct Vessels
adapte t for all trades and purposes, under the ;Articular inspection
of the Company's Agents, by practised Shipwrights, and with such
dre attention to the seleetitin and seasoning of the Timber, as,
it. is hoped, will materially improve the character of Vessels built
in Canada. _ _

The Lipital of the Company is 800,030 L, nised in 10.000 Shares,l
of te!. each, a portion of which will be reserved for Persons in
Canada desirous of becoming Share-holders.
The Albers of the Comp.iny to be conducted by the Board of '
Directors, who :ball have the power of insuring their property,
end of making all necessary Regulation' far the management of the
Company.
The property of the Company to be vested in the names of
Trustees. _

A Deed of Settlement will be prepared under the ablest legal
advice, and the Shareholders will be required to sign the same.
No Share shall Le sold or transferred until after the payment of
all calls previously made ; and then only with the consent of two or
more of the Directors. . . . . .

An Instalment of U. per Share, to be paid into the hands of the
Bankers to the Company forthwith, to the account of the Directors.
Due notice to be given of all (indict Payments ; which shall not
at any time exceed 61. per share.