Page 3 Advertisements Column 2

Feilding Star, Volume IV, Issue 36, 28 August 1883, Page 3

meat preserving and boiling dow v plant paddocks, yards, horses, carts, and all complete the applications necessary for conducting the extensive business which now exists. A schedule of the various properties used in the busin< ss is appended at foot, and the values having been ascertained by a competent independant valuator, . and approved by the Provisional Directors, it is proposed to take them over at the sura ot £18.789 5s (vide Schedule A), of which the proprietors will retain in paid-up i-harps the sum of £12,000, Jeavingthe balance to be paid out ol calls, and to bear interest at the rate of 8 per centum per annum ; tlte paym- nt to extend over a maximum period of five years, or to be reduced by instalments of not less than £I.obo each, at any earlier date, aL the option of the < 'ompany. Ail book debts wili be taken over as they vow stand in the books, and they will be guaranteed at 20s in the pound by the vendors. Live stock, tallow, horses, carts, and several smaller properties not already valued (vide Schedule B) will be taken at a valuation on delivery; but all other articles and properry of what kind .*oever will be deemed to be included in the valuation est! ma;e of £18,739 ss. 'lhe Company will be registered as soon ac £25.000 has been subscribed for, in addition to the paid-up shares to be rptained by the vendors, and the shareholders will then be called together to elect a permanent B >ard and adopt Articles of Association. On the registration of the Company Messrs Barter wil] at their own cost, continue and Complete the erection of a large new slaughterhouse at Ngahauranga, and will remove, there trom it* present position in Wills-street, the whole of th ir meat preserving machinery and plant. Jt is intended to take power in the Memorandum of Association to enter upon the business ot freezing meat ior export, or to amalgamate with any other company, or to purchase any business established for that purpose, and to manufacture artificial manures or other productwhich may be considered legitimate adjuncts to the business , but for the present, at least, it is deemed prudent to re6t satisfied with the known profits of the businesses as they stand, without embarking in more speculative ventures, and it is evident that the combination of the two establishments under one management must result in i i creased profits and largely diminished expenses. I he combined businesses show a net profit of over 15 per cent., and it is confidently ex|>ected that when conducted under one head, this may be con-iderably exceeded. The success which has attended the Gear Meat Company since its establishment as a public Company, shows conclus.vely that such businesses are more systematically and advantage ously worked and extended in tnis way than by private enterprise; and it is for this reason that Messrs Barber and Woods, Crosbie and Company, are willing to sell their respective businesses to a Company, while still retaining a very large interest themselves ; and they have asrreed to place th -ir services at the dispos-ai of the Company for such time as the Directors may require, and not to entrage in any business in competition with the Company. 'ihe resources of ttie Wellington district, in the way of theep and cattle, are so large and increasing, ano the demand fur preserved meats in England and elsewhere so much in j excess of the supp'v, that a business of this kind is capable to capitalists! the op-iortunitv of a sale and profitable j investment, whilst to stock owners it i aft Ads the means of securing a fair J value for th^ir produce. j The Provisional Directors have given their careful consideration to the prospects of the proposed Company, and have had submitted to them by their owu valuator the detailed valuations of the various properties to be taken over. They feel tht y can with confidence recommend this undertaking to the Public as one which is entered upon on a fair basis, and which promisses to yield a handsome return on the capital invested, as well as by the extension of the business adding tv the material prosperity of the city and the stock-owners of the surrounding districts. The Authorised Brokers ar" : — I Wellington — Deacon & Bushell Arthur Warburton & Co. Wairarapa — Lowrcs & I urns, Master'on Wan van ni — H. Tilly Bulls -Stevkns & Gorton Feilding- Halcombk & Sherwil* Palmerston >*orrh — Stevkns Sc (il)RTOll Foxton — Thynne, Linton, % Co From whom Prospectuses and all information can be obtained, or from j HENRY WRIGHT, j Interim J>p«-re ary, Temple Chambers. Notices. GEORGK CURRIN, Post Ofiee Store, Kiwitea. GROCERIES and Ironmongery of all descriptions. Goods not in stock procured at shortest notice. Packing dene to any part of tha district at lowest possible rates. GEORGK CURRIN, Proprietor. " D. RAMSEY. CABINETMAKER, UPHOLSTERER, Willouohbt-Stbbst, Haloombb, BEGS to thank the public for past favors, and, being in possession of thoroughly seasoned timber, is able to turn ont all kinds of furniture in first* elaai style, and at xeaeoaabU charges.