The Sun.
London, England, 1825-06-29 00:00:00

bspEcTus of the ST. KAt
rw HARI NE
DOCK. COMPANY; constituted a Joint Stock Com-
pany by an Act of the 6th Ueo. IV. 1825.
This important undertaking is supported by many of the
leading Merchants, Ship-Owners, and Traders of the
..Me-
tropolis, 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 busi-
ness in the Port of London, and of securing to it a rethiction in
the rates and charges, has long been experienced. Moderate
rates upon the lending, housing, rent, shipping, &c. of goods,
are essential for the purpose of bringing; tots fort nearer to a
level in point of expence, not only with the other Ports of the
Empire to which the privilege of bonding is extended; but more
Particularly with the principal Ports of the Continent of Europe;
which, in consequence of their lower charges, attract a very
large proportion of the transit, which would otherwise resort to
London.
The proserity which cannot hut attend that lucrative branch
of coninterte under the improved commercial Code of the coon-
try, especially if accompanied by a diminution in the Port
charges, must be apparent froM the great increase which even
under existing circumstances has already been experienced,
since the passing of the Warehousing Act in .July, 1823,_
founfilths of which increase has been enjoyed by-the Port of
London .

The London Dock is the only general bonding establishment
within three miles and a half of the Royal Exchange, and that
establishment does not afford accommodation for the increage of
trade which had already taken place; still less therefore, can
it provide for the additional extent of business that may confi-
dently be expected to flow out of those enlightened principles
of legislation; which are so eminently calculated to promote
. and extend the commerce and navigation of the British Empire,
, and make the P9rt of London the Emporium of the world. _
• 'I! he place which has been selected for the construction of the
proposed Docks, Warehoses, Quays, '&c. which will ye. sur-
t"onded with walls, so as to entitle them to all.theprivllege.s
or the Warelithfsing Sytem and of Legal Quays, is situated bc..-
4T,the Tower and the London-Docks, a situation ur p
Th'..°Point of convenience. •
tore '',,,,,advanced state of science in engineering and.architec -
ti -411 present price of building materials, will enable
'e Prom the notwithstanding the compara-
tive! ~ oters of the measure,
„ ihnited site, to affOrd to the public accommodation for
(4n.-Leoousing, bonding., and Quay-room, nearly equal in extent
1„" .te London-Docks ; and from an improved construction of
),'-e Warehouses, which will be erected within a few feet of the
saving of the Docks and Basin, a very considerable annual
"avtog will be effected in the expence of labourage,
It is computed that the St. Katharine Dock and Basin, will
with great convenience afford accommodation, annually, for
about 1400 Merchant Shipsi including private trade India-
men ; besides craft for loadng and diselfarging. 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 expence 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 tire sills of
the outward gates will be so constructed as to provide for ten
feet dep gating water, and from twenty-six to thirty feet at the
height otides.
According to the estimates proved before Committees of Par-
liament, the total cost of the Site, the purchase of buildings,
leases, and the various interests concerned, including compen-
sations and ex ences of carrying{ the Act into execution, will
6hCe about 1,350P,000/.,—whilst the Capital Stock of the London
—tick Company amounts to upWards of 3,200,000/.
alculating upon the above estimates of outlay, with an
ample provision for extraordinary contingencies and unforseen
demands, including a reserve fund, and making large allo-
ances fora reduction in the rates of the Port, the profits are
!stimated to he such, as will yield a highly satisfactory return
_to the Subscribers on their investment.‘ The profits thus esti-
• the calculation
may he anticipated with' the greater confidence; because
!"e calculation proceeds on the sUpposition of an extent of busi-
s equal to only three-forthS of the Capacity of the proposed
necks and Waretionses, whereas it 'may fairly be expected, that
.teinetimable advantage of proximity of situatiOn, and the
stirntion which wilt be'paid to every possible impreyement in
lgement, may secure full employment, and consequently,
Tiarger returns to the Proprietors.
leer Act provides for the payinent of interest to the Sub-
s upon their instaltnents, after the rate of 4 per cent. per
annum until the works shall have been' completed.
mad deposc of 5 per cent. upon the sums subscribed has been
, d
Will be upon payment of the first call, a script receipt will
.+a•Y
• issued
eto the Proprietors • after which, sales of shares
take lac
n0t,4.-he calls are limited to 10 per cent. upon a two months
tit standing;
will be answerable beyond the amount of the
At !,tanding in his name.
expiration of one year, to be reckoned from the open-
'lle Docks for business, a dividend will be declared and
and after that period half-yearly ; regard being had
ttr
~,e_ter? creation of a reserved fund for repairs and contin-
' les.
ink cun of
cot
yeaar . the concerns of the Company for the preced-
higg;andwlit be laid before the Proprietors at the annual meet-
t4etiti ••may be inspected by them a few days previous to such
heSirection is composed of the following Gentlemen :
„ THOMAS TOOKE, Esq. Chairman.
G. DE. 11. LA RPENT, Esq. Deputy-Chairman.
,f"les Al
°hn el'ander, Esq. P Jir John W. Lubbock, Bart.
(le • ruLam Buckle, Esq.. John Horsley Palmer, Esq.
Nirr?lrieta•et.nP.c.-arct.lay, Esg. J 01111" Diston Powles, Esq.
•!.tviord, tag. Henry Rowles, Esq.
atr
as- p
Wrn. Sampson, Esq.
' altos G '
Nil-% A. G renfell, Esq. Alderman Thompson, M.P.
.
JohnlsligtandmH Esq,.._ Andrew H. Thomson, Eq.
k "Cl• M.P. • Thomas Wilson, Esq. M.P.
°or) ttormto Heath, Esq. Fletcher Wilson, Esq.
s.Tit*Aitif,,,tn) Esq.
-elktix:---George Carr Olyn, Esq. Lombard-street.
‘' --John H 11, Es No. 6, Circus Minories.
rL t 11°R—William
Tooke. Esq. Gray's Inn.
• atte . I Iq. ELK—Thomas Telford, Esq. Abingdon-street,
tttTFCTand Westminster.
All SURVEYOR—PhiIip Hardwick, Esq. Great
aPplica!, Marlborough-street.
664,Lroade
~I°os relating to the business of the Docks, &c.
alt the Office, No, 27, Austin-Friars, until tha
• 013 end for bUshieSts.
tftsa Vto
It'ttitioitiv_tani.d
im,inatro• n and Report
boferaiii,Totaiednmittbeeyurtn
wptit.t. of the-Rnbject roa
ul/6nAtiicatiOti, to 14
the ittrettry: