Navigation Company comes before the pablic as an association of persons connected with this part of the Kast who are desirous of doing a portion of their own currying trade. They invite subscriptions for shares in their proposed undertaking from residents here and in other places. 'I'he principle of ce-operation in steam-boat owning is, as far as we know, a novelty, but that is no reason why it should be unsuccessful if fairly tried. Lhe Provisional Committee of this enterprise refer in their prospectus to the success which has attended those companies in China which are conducted on the ce-operative principle, such as the Marine and Fire Insurance offices. They express them. selves confident that the oe-operative principle will be equally successful when applied to shipping business. Wo pato that they will be disappointed in this, if they can enlist large portion of the trading communities in this part of the world as shareholders. The net earnings of the shipping and of the insurance trade will be very different in amount, but now-a-days people cannot afford to despise any returns on their business, however small they may be. On one point of great importance, the way in which the business is to be carried on when the company is fally established, the prospectus is silent. In these days of severe competition the success of such a concern as the China Shippers Company will depend on careful attention
Text read from the printed page and cleaned; old type leaves the occasional error.