By early July 1907, Shackleton had secured little financial support beyond Beardmore’s guarantee and was lacking the funds to complete the refit of the ship.[22] In mid-July he approached the philanthropic Earl of Iveagh, otherwise Edward Guinness, head of the Anglo-Irish brewing family, who agreed to guarantee the sum of £2,000 (updated value £160,000) provided that Shackleton found other backers to contribute a further £6,000. Shackleton was able to do this, the extra funds including £2,000 from Sir Philip Brocklehurst, who paid this sum to secure a place on the expedition.[22]
A last-minute gift of £4,000 from Shackleton's cousin William Bell[23] still left the expedition far short of the required £30,000, but enabled Nimrod's refit to be finished. Fundraising continued in Australia after the ship arrived there; a further £5,000 was provided as a gift from the Government of Australia, and the New Zealand Government gave £1,000.[24] By these means, and with other smaller loans and donations, the £30,000 was raised, although by the end of the expedition total costs had risen, by Shackleton's estimate, to £45,000.[n 4]
Shackleton expected to make large sums from his book about the expedition and from lectures. He also hoped to profit from sales of special postage stamps bearing the cancellation stamp of the Antarctica post office that Shackleton, appointed temporary postmaster by the New Zealand government, intended to establish there. None of these schemes produced the anticipated riches, although the post office was set up at Cape Royds and used as a conduit for the expedition's mail
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