Star.
London, England, 1825-04-20 00:00:00

THE BRITISH NORTH AMERICAN SHIP
BUILDING COMPANY.
Capital £300,000, in 10,000 Shares of .C. 50 each.
Cuanue* e— WILL I A M THOM PSON, Esq. Alderman, M.P.
Derury Coats:awn—ROßEßT GILLF.SPIE, Esq.
DIRIICIOIIII.
Andrew Belcher, Esq. Hart Logan, Esq.
John Chapman, Esq. Simon M`Gillivray, Esq.
James Dowie, F.sq. 'William Pratt, jun. Esq.
Philip Gowan, Esq. Christopher Richardson, jun. Esq.
Matthew Harrison, Esq. William Sikes, Esq.
Auneroas--Nathaniel Gonid, Esq. Alex. Gillespie, Esq.
Barnum—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, have 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, 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 k 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 Direr-
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 falowing-results may confidently be anti-
cipated :
1. The employment of a numerous and useful class of persons in
the settlement ; and by a beneficial diffusion of capital and labour,
an increase in the national importance of the Colony.
2. An ample remuneration to the Proprietors, who, independent
of the local alvantages which will attend their undertaking, may
reasonably look to the favourable rates of exchange, and the freight
.10 their ships consigned to this country for sale, as sources of con-
siderable and immediate. profit.
It remains only to add, that it is intended to construct vessels
adapted for all tradesand purposes, under the particular inspection
of the Company's Agents, by practised shipwrights, and with such
due attention 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 £500,000, raised in 10,000 shares
of £5O each, a portion of which will be reserved for pillions in
Canada desirous of becoming shareholders.
The affairs of the Company to be conducted by the Board of
Directors, who shall Dave the power of insuring their property,
and of making all necessary regulations fur 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 be 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 £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
any one time exceed £5 per Share.
All Communications to be addressed to the Secretary, to whom
applications for Shares may ho made ; but no Tenders can be re-
cAved after Saturday the 2341 instant.
W. GLUE ERSON, Secretary,
5, Gould-square, Crotched Friars.