The Sun.
London, England, 1863-10-31 00:00:00

No. 22,260.

TILE NATIONAL STEA.III NAVIGATION
COMPANY (Limited).
Incorporated under " The Companies' Act, 18112," by wb,ch
the Liability of each Shareholder is limited to the amount of
his Shares.

Ca,ital £2,00),000, in 20,00 Shares of £lOO each,
with power to increase.
Deposit on Application, .Z 1 per Share; on Allotment, £1
per Share. Snon atter Allotment a First Call of £3 per Share
will be made ; subsequent Calls are not to exceed Lti per
Share, and Months from the are nodatt toe
o bef
made at intervals of less than Three
prior Calls.
Share.
It is not at present proposed to call up more than £5O per

Ti
the.)sa7iieploi
Robert Dit'olll,
Shipowners'
E, Skq DIRECTORS,
Chilton), Chairman of
ers , ssociation, Liverpool.
Esq. (birom, Davidson, and Co.), Director of
the National Bank of Liverpool.
IN illi tm James Ferule, Esq. (Fernie Brothers and Co.), Direc-
tor at the British and American Exchan2,e Banking Cor-
poration, Liverpool.
Thomas Bernard Gunsten, Esq. (Gunston, Wilson, and Co.),
Liverpool.
Edward Lawrence, Esq. (Edward Lawrence and Co.), Direc-
tor of the british and Foreig,n. Marine Insurance Company,
Liverpool.
Harvey Lewis, Esq., Ml' Director o f the National Bank,
~
L•mdon.
Joseph Neale Maenna, Esq., Director of the National Bank,
London.
Robert Maxwell, Esq. (A., F., and R. Maxwell), Director of
the North British and Mercantile Insurance Company,
Liverpool.
Andrew M,lcolm-on, Esq. (J. and D. Malcolmson and Co.),
Liverpool.
Thomas Wilkinson Tetley, Esq. (Hollinshead, Tetley, and
Co.), LiverpooL
Major Usborne, Esq. (Usborne and Sons), Director of the
National Bank, London.
Henry Threltall Wilson, Esq. (11. T. Wilson, and Chambers),
Deputy Chairman of the British and Foreign Marine In-
surance Company, Liverpool.
BANKERS.
London...— The National Bank, Old Broad street.
Ireland The Branches of the National Bank.
Manchester The Bank of England.
Liverpool The National Bank of LiverpooL -•
. . - , ' •'?*
. iedtalitts;`• • ----, -,7., - ,- , •
DO----liciOliS-' :,-. ~: and J. ' I teinaltd43, Vfoorgate -street: - -
.AlAnahe .. - 'lllomas * i er. lilac 9„..Stamp-ofilee Build.
, • •
I.4verpbol 4 Tirontas • Tinley, and Sins,. 44, Brown's-
buil dingeko •
Dublin ....4i Edatard Fox, ,Esq., 51, Dante-street.
..,, ~. SOLICITORS.
Boredbre ' .4.Flific nnd Argles, 9. Mincing-lane.' '
Livorpogr, • Fletcher and•Htill, 6, Cook-street.
• .
SUBERINTENDING ENGINEER. AND NAVAL ARCHITECT.
• . - JOhn4ordani Esq., 1 Ott Chief Surveyor to the
-Und,etwriters' Reoqistrrof Iron Ships.
..• •
SECRETARY:
,JostpluTreffry, Esq. •
. .
.ENIPORA.IOC.. OFFICES,
Loiwbm.. • -21,'Throg,melftbli-:§treet. - ' • '
Liverpool' .„ Commercial-buildings, Water-street.
Not,i),j_n,g hasibcen more remarkable, in -connecVon withthe
progi4eks of Lancashire, than- the rapid ' extehsion of the
Steam:Trade 4 Liverpool.; In the year, :852. the tonnage of
foreignlttatnel's elitered inwards at the Custom-honse was
1,88,715 tons, whilela 1812 it was 595,339, which;ln..the year
qnding,Jtine, 10 -14nereased to 755,120 tons.
In the tiatilet days of steam;'and before.the reeentimprove-
-thents fog the economy of fuel had been introdueed, steamers
coteld be eniployOd 'with advantage only for`thb carrying of
duffs snd pitssaers, but latterly, owing ;to the improve-
Tents in marine *vines, economy of 'fuel and spac,e has been
erected, thereby g*atly reducing the ivorkilig expenses, and'
eicrew, steamehay)p not only been employed itr all the near
trades for thenrOyance of goods, with large profit to'their
055ner4,1)ut, oninkpo the advantiket which,,they :afford to
elhißpera, they Ilitye, in these trades, almost entirely displaced
Sailingwessels. i - • 1 •
ror some years carrying* trri out of Liverpool haskeen
gradually =dery a change. Id the. Amer can tradesibrew'
steamer. have tak- the place., of the 'once .celebrateciNeW'
York liners, but a t only as carriers of '.lie highest class of
UP-goo:Is and pas gers. Other-descriptions-of goo& and
Ifilasge.number off. ermediate an.d.steexagepassengusliemg
atitti e9nveyed by Sing vessels. ,
ivp the iniportarit ,l§ranches er the Ernerfdan Ifilpdtt trade,
„iz, .those of grain our, and pabvisions, the losss annually
r
.iained by heati r aurint; the,protr cted -Voyages • fre-
entlyAm ade by sa ' g vessels is Cu great, that the interest
pll eirgaged in t e trades Vielrl. bb'enlisted In ,'fa.voui of
itty: sclie`me for the. tension of,steam shipping to include
it
truth freight, and th c4n be no doubt!but that tho,whole of
1
t* "enormous tradei.irn these aigioles,iwhich fit Liverpool
e amounts anntia4y to 75.0,0McgtaeWill.fa.1 entirely into
bkhands of steam cTunanies., ,: . ~
W'Re first, object of hi: Comp"dily isAci;,Place on the New
'Oik station a fleet a screw st4thera froiri'Liverpool and
()tidal; of large sizeEd great capacity, -which hilt be able
...iicarry ttlinost, if quite, Alt ,oltetqa as sailing vessels,
vliiyiitat thesameti I roni.theregularity of passages,
4lieir
hetr:'will ept,nmand a...1a share ,t 1.,
gi c , steam.trade, and the'
*c • aws al.ao intentl-sending M ainers to Shp .Ani.erican
L'o4t:PlitPorts when the ,Or is broit lit to siy;:end; and the•
rade re'-otiened, and ve also nititihr 'their corisideratiOn the
lintel a the Brazil a othOttyndest •:, ---- - : •• .
1- ' orzanising this, mpany,tite.Directors,believe•that it.
"Nod - not enter into un e competition With the existing-lines.
1 he pimard Line -T . suUsiarlFd
.e4l.P,P9..Y.,,carzying the
7
iniaWaild pAsenger',..;. li list and ekpensive steadiers.
Mini•fnmAi Line h. .. . i tibsitil; but tit Veiflititftgehas been'l
tniasitatecesiful, and ..-now• exiapinys,eleven ,vessels, having
'c omrraYnced' its oper
..ns 'with two steamer's, the City of
tllasgoyr..and City o -• Mantshetater.. 'The steamships of' the
;Inmali'Lltie are, Ifo • er, Of .dlyitter propOrrionat6 'horse-
'poraer than thos,Lproj dby this Company, whiCh will be
sailEdleemuckp,s oos . cl wit be constructed to consume'
a,ceinicaratively siva' ount.of coal,; at the wine time of
f
inch capacity Itiat,ln . dition to a large cargo' of merehan-
:dise and Rabsengera, they wilt be age to cam, auflleient fuel
`for their voysgcs both Dit and Udine, anst so avoid Me ex-
, pense.iind:d4l incurro'd by coaling abroad. , , :
llirorder that the objects otlhis Conapany'may np' I ,
' all .iintfc.pitted, atelttle-sfttions ntay. •
tee-have been ma. ";', itre.),
new steamers, of the description indicated, and in all
4- 'ects suitable for the service, have been secured. and con-
i cts have been entered into for the bu 'Ming ot others of' a bout
,500 tons each, and it is proposed to c .mmence with a fort-
nightly service each way, to be increased to weekly sailings
as soon as the vessels can be got ready. The ports of depar-
ture shall be Liveroiol for the weekly line, an 1 London to
the extent the metropolitan trade may require.
The ships will be butt under the inspection of Mr. John
Jordan-late Chief Surveyor to the Underwriter's Registry
of Iron Ships,—whose services as Inspecting En, ineer and
Naval Architect the Directors have secured to th a Company.
The success which has attended the formation of well-
managed steam companies has been very marked. That of
Cunard and Inman Company is well known. Ihe Pacific
Steam Navigation Company, whose shares4so paid, ars sell-
ing at £7B per share, has out -4 profits given to its share-
hclders new paid-up shares exceeding the any,unt of the ori-
ginal capital, and pays it regular dividend of 10 per cent. on
the increased issue, carrying over at each annual meeting an
almost equal sum, while many private steamship owi,ers,
with similar descriptions of vessels, but much smAler than
those this Ccmpa..y intend to possess, have reaped like
results.
The Directors have, therefore, every reason to anticipate a
very great success to the undertaking. They are not en-
tering upon an experiment, but are providing for this Com-
pany a similar description of vessel, but of larger size, ,han
those which have proved so I emunerative to severt:i, well-
known private firma engaged in the Mediterranean and other
trades, and have thus the advantage of tae experience so
acquired, which proves that what is needed, under efficient
management, to ensure profitable results, are large ships,
with moderate but sufficient ho, se-power and great carrying
capacity.
The introduction of the limited liability principle has en-
aimed undertakings of great magnitude like the present to be
carried out by joint-stock companies, which may embrace the
co-operation or shippers and of others interested, instead of
by private capital•sts as heretofore; the result being thtt
the supporters of this line will become interested in its suc-
cess, and participate in the profits which they assist to earn.
Applications fbr shares may be addressed in the annexed
form to the Directors, and copies of the prospectus may be
obtained at the Temporary Offices of the Company, or at the
offices of the Brokers and Solicitors, but no application will
be considered unless a deposit of £1 per share on the number
of shares applied for has been paid.

r !

FORM OF APPLICATION FOR SHARES.
To be retained by the Bankers.
To the Directors of the National Steam Navigation Company
(Limited\
Gentlemen,—Having paid to your Bankers the sum of
, being a deposit of £1 per share on shares in
the above Company, I hereby request that you will allot me
that number, and I agree to become a member of the Com-
pany in respect of such shares, or in respect of any less num-
ber yon may allot me; and to execute the Articles of Associa-
tion when required ; and I request that my name may be
placed on the Register of Members for the shares so allotted.
Name in full
Residence
Profession or Business
Date