The Sun.
London, England, 1825-06-27 00:00:00

• - -
•lpoitosPEurus of the ST. K A THARINE
' -a- _DOCK COMPANY; constituted a Joint Stock Com-
' Noy by an Act of the 6th Geo. IV. 1825.. .
This important undertaking is supported by many of the
leading Merchants, Ship-Owners, 'and '. raders of the Me.:
lrePolis,.who are deeply interested in promoting its commercial
prosperity. ,
The necessity of giving to the Public-additional convenient
Wet Doek and Bonding Accommodation near the seat of busi-
nets in the Port of London, and of securing to it a reduction' in
Vie rates .and charges, has long been experienced. Moderate
rates upon the landing, housing, rent,: shipping, &c. of goods,
*re essential for the purpOse of bringing this Port 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 but attend that lucrative branch
of connnerce under the improved commercial Code of the coun-
try, especially if accompanied, by •a: diminution in. the Port
charges, must be apparent front the great increase which even
• under existing circumstances liai -already been experienced,
since the passing of the Warehousing Act in July, 1823,
Iteir.filths of which increase has - been enjoyed by the Port of
London.
The Loudon Dock is the
halt'
bonding establishment
within three miles and a halt of the Royal Exchange, and that
tuablsebtlient does not afford accommodation for. the increase of
Itlttle which had already taken place ; still less therefore, can
,t4iwocide for the additional extent of business that .may.confi-
,4l
_tit! be expected to flow out of those enlightened principles
.14"41tion -which are so eminently calculated to promote
'kat • . .ti'le commerce and navigation of the British Empire,
4e
•"T. the Port of London the Emporium Of the world.
Pro Posed which has been selected for the construction of the
Ste which will be sur-
teemed
%,,sits, Warehoges, Quays, ...... . .
l'f the w"lth walls, •so as to entitle them to all the plees
twetri k, oehousing Sytem and of Legal Quays, is situated be-'tied •tl'e rower and the London-Docks, a situation unparal-
la •
7,, . Point of convenience.
sure,
advanced state of Science in engineering and architec-
,_ , with the present-price of building thaterials,• will enable
l'i7 promoters the measure, notwithstanding the compara-
;el.,' limited site, to afford to the public accommodation for
to*teousingebontling,"and.Quay-room, nearly eqUal in extent
site ,e, LorldonsDocks • and from an improved construction of
,11 il'arehouses, 'which will be erected within a few feet of the
sawing
of the Docks-and Basin, a very considerable annual
ring will be effected in the expence Of labourage.
.It is computed. that the St. Katharine Dock and Basin, will
111th great convenience afford accommodation, annually, for
about 1400 Merchant Ships, including private trade India-
?e n ; besides • craft for loading and discharging. Increased
ficilities will be aflOrded to the ingress and egress of shipping
4_Y. the improved
application of mechanical powers, by means
1r which ships and lighters, at a very trifling expence to the
.r_t,npany, may, in the night as well as by day,, be locked in
rinut of the DOcks during any period of tide;as the silli of
,4eo utward mates will be so constructed as to provide for ten
het depth at low water, and from twenty-six to thirty feet at the
'leight of spring titles.
.' According to the estimates proted before Committees of Par-
lent, the total Cost of the Site, the purchase of buildings,
e
, a, and the various interests concerned, including comien-
Lel74ms and expences of carrying the Act into execution, will
r ;about .1,350,000/.,—Whilst the Capital Stock of the -London
',k Co•ompany amounts to upwards of 3;200,000/.
~._tAlculating upon the above estimates of outlay, with an maple provision for Contineencies and unforseen
iacelt"ams -including a reserve fund, and making large all O-
we,„
.ti for a reduction in the rates of the Port, the profits are
4t7.111-itated to be such, as will• yield a highly satisfaCtory return
1„.„„' e tubscribers oh their investment.' The profits thus esti.
ati'ed may be
.antieipated, with the-greater confidence, because
4,;calculation proceed:: on the supposition of an extent of busi-
Ijo'ci_ equal to onlythree-forths of the capacity, of the proposed
she, t'llsi 11d \i':oehOtises, whereas ft may fairly he expected, that
stterti *Ain-ethic advantage of proximity of situation; and- the
klx._ On Wiiiell will be paid to every possible improvement in
stii'';gl ment, may secure full employment, and consequently,
;,.erger returns to the -Proprietors.
*crib!. ;I.ct prOvides for the payment of interest to. the Sub-
-4,,,,. cr.'
loth their.instaiments, aFter the rate (314 per cent. per
wade:i4,l'.l unti e works shall havebeen coMpleted.
of 5 per cent:upon the sums subscribed has been
Will, be.nitnpon payment of the first call, a script receipt will
„litilititk.eparadee..
:eeto
the proprieters ; after'whieh, sales of shares
. , 4,„,.e.. calls ere s. limited to 10 per cent. upon' two months
.
koll,llerson will be answerable beyond the amount of the
..:A , „Landing in his name; •
ittint`krtheeexpiratlort of one year, to-he reckoned from 'the open-
kid • .oats for bueiness 'adividend will be declared and
41.. '4e and 'after .that period 'half-yearly ; regard being had
fetes. creation of a reserved fund for repairs and contin.
1,:44 ee v, count -of he cocerns of the Company for
annualks.,asii be lei i before , e. •
is , rsno r,,,t he rroprietors at the rneet-
etinel . 4•5' 1-).e inspected by them a few days previous to such
1
. Ireetion is -
- . ' 1,/,,, composed of the-following Gentlemen :
J,',•• '0: C,- b 1"IVIAS TOOKE, Esq. Chairman.
0i.,,, Ate, Ell. LA RPENT, Esq. Deputy-Chairman.
iz. • xviiiit,arrinder, 1.-,..-.
1., .s.isq M.P. Jir Jelin NV; Lubbock; Bart.
\l'ilrige P.•;;ar.'-'lleltle, Esq. John Horsley Palmer, Esq.
Ci. se.
C%. c•IaY, Esq. John Distort Powles, Esq. '
ti!l.,rte
..,. r atv,tord, Esq. Henry Bowles, Esq.
t Ns. pr.r Glen, Em,
:,,.
tiatio.ldschmiWm. Sampson, Esq.
Ith'l Al. ;genie'' 4.".enfell Esq. Alderman Thompson, M.P.
tit',,Esci. Andrew H. 'Thomson, 'Esq.
Join( I..tejall."4nianndt,, ESq.-111.1). Thomas Wilson, Bsq. M.P.
-1 led . 4.cath Es Fletcher Wilson, Esq.
. ..'11.•„ g,,,, , , •q•
tt,11,A3u.,1t,-.841.
.. • '..17At1:',"---(ireorge Carr Glyn, „Esq. Lombard street_
`:11, •(=tr. • "n Hall',Esq:. NO. - 6,:Circus; Minories.
te -,. Icie•
A 'lNclvt,"--Willittrn Tooke, Dig. Gray's'
.kltcll- -'ll—Tbornas Telford, Esq. Abingdon-street,
. lAel, 'Westminster.
, . a,riti s
Ali • ' • irilvEiori--,Philip Hardwick, Esq.:. Great.
h eal leatie., . Illarlboroug•liAtreet. ' , .
it 4 e at • "-relating to the businesS of the Docks, &c. 'shall , the
Office No '' V Austin. Friars, until the
the T. he. set`L-).e °Pened for Office,
'
at „ nee,til .
41a i,'" qttnt bra"atnination and Report of a Committee upon
r'cprietor.tich of the subject may be inspected by any
' Pon 'n 1* •
*rp•LCatlon to the Sec:eery.