Star.
London, England, 1825-04-21 00:00:00

THE BRITISH NORTH AMERICAN SHIP
BUILDING COMPANY.
Capital £500,000, in 10,000 Shares of .C5O each.
Outman—WILLIAM TIIOIIPSON, Esq. Alderman, M.P.
Dar= Camman—ROßEßT GILLESPIE, Esq.
Tnascroas.

Andrew Belcher, Esq. Hart Logan, Esq.
John Chapman, Esq. I Simon M'Gillivray, Esq.
James Howie, Esq. William Pratt, jun. Esq.
Philip Gowan, Esq. Christopher Richardson, jun. Esq.
Matthew Harrison, Esq. William Sikes', Esq.
Auravons---Nathaniel Gould, Esq. Alex. Gillespie, Esq.
BANIISS—Messrs. Sikes, Snaith, and Co.
The late severe losses sustained by the shipping 'interest of this
kingdom, and the immense field opened to Great Britain for an ex-
tended and increasing commerce, by the enlightened policy of our
Government, hive caused a corresponding add extraordinary rise in
the price of ship-building.
Such, indeed, is now the demand for vessels of aU descriptions,
that many petscini, desirous of employing their capital in shipping,
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 speculations.
It is therefore proposed to establish a Company,for the purpose of
building Vessels in British North America, on contract and for
sale, but it is intended for the present to confine the operations of
the Company to Canada only.
Immediate sales will be the object of the Company, but the Dire..
tors shall be empowered to employ their shipping until disposed of,
and in case of need, to purchase wood cargoes 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 be observed that from
practical experience, the following results may confidently be anti-
cipated :

1. The employment of a numerous and useful class of persons iu
the settlement ; and by a beneficial diffusion of capital and labour,
an increasein the national importance of the Colony.
2. Au ample remuneration to the Proprietors, who, independent
of the local advantages which will attend their undertaking, may
reasonably look to the favourable rates of eschange, and the freight
in their ships consigned to this country for sale, as sources of con-
iderable and immediate profit.
It remains only to add, that it Is intended to construct vessels
adapted for all trades and purposes, under the particular inspection
of tot Company's Agents, by, practised shipwrights, and with such
due atteption to the selection and seasoning of the timber, as, it is
hoped, will materially improve the character of vessels built in
Canada.
The capital of the Company is se500,000; raised in 10,000 share'
of (ho each, a portion of which will be reserved for-persons in
Canada desirous of becoming shareholders.
The affairs of the Company to be conducted-by the Board of
birectors, who shall have the power of insuring their ptoperty,
and of making ail necessary regulations for the management of the
Company.
The Property of the Company to be vested in the names of
Trustees.

Deed of Settlement will be prepared under tlta ablest kgal
advice, and the Shareholders will be required to sign the same.
No Share shall be sold or transferred until after the payment of
all calls previously made; and then only with the consent of two
Jr more of the Directors.
An Instalment of £5 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 further payments, which shall not at
y one time exceed £5 per Share.
54 Communications to be addressed to the Secretary, to whom
aiThcations foe Shares may he made ; but no Tenders Can be re•
oed after Saturday the 23d instant.
if
W. GTIKERSON, Seeretary,
5, Gould-byltre, Quiche.' Friary.

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