Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 39, 4 September 1883, Page 4

Prospectus. S>IiOSPECTUS J of the WELLIStrT.ON vIEAT PHESERVLNG AJSD EEFKIGKIUTLNG COMPANY (Limited). To be registered, under tho Joiut Stock Conipauies Act, ISS2. CAPITAL £50,000 In 5000 Shares of £10 each (With power to increase.) Payable — leu shillings on application ; ten shillings on allotment; and subsequently by calls not exceeding at the rate oi live shillings per month per share. I Provisional Directory.. ' (The following gentlemen will act on the ; Company's behalf until the appoint- ! meut of the permanent Board by the Shareholders.) Charles Johnston, Esq., M.H.R. (Messrs Johnston and Co.) Hon. Kobert Campbell, M.L.C. "VV. Waring Taylor, Esq. J. G. Wilson, Esq., M.H.R. Donald Fraser, Esq. John McLennan, Esq., Oroua Downs Charles H. Izard, Esq. (Messrs Izard and Bell) F. A. Kruli, Ksq. (Messrs KrullandCo.) Joseph Abbott, Esq., Wanganui J. M'Menamen Esq., Terawhiti John Stevens, Esq., M.H.R. (Messrs Stevens and Gorton, Bulls) James Smith, Esq. (Messrs Turnbull, Suiilh, and Co.) C. C. Murray, Esq. (Messrs Murray, Roberts, and Co.) James Bull, Esq., Bulls A. H. Miles, Esq. (Messrs Murray, Roberts and Co.) John P. Russell, Esq., Wangi-Moana Alfred Matthews, Esq., Featherston Andrew Young, Esq. K. J. Riddiford, Esq. George Luxford, Esq. j F. B. Larkworthy, Esq., Carnarron !■ state, Sanson John T. Dalrymple, Esq., Bulb j With poorer to add to their number. Bankers : The Colonial Bank of .New Zealand. I Solicitors : Messrs Izard and Bell. Interim Secretary : Henry Wright. Temporary Offices : Temple Chambers. All expenses in connection with floating the Company prior to registration to be borne by the Vendors. The ol'jects with which this Company is projected are to purchase, continue, and extend thebusinessf»K of Mesrs J. and H. Barber, and V\ . ols, Crosbie and Co , which have been so successfully carried on tor many years pant, consisting 1 of six retail 9hops. meat, preserving- and boiling down 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 businpss is appended at foot, and the rallies having been ascertained by a competent independAtit valuator, and approved by the Provisional Directors, it is proposed to take them over at the sum ot £18,789 5s (vide Schedule A), of which the proprietors will retain in paid-up shares the sum of £12,000, leaving the balance to be paid out ot calls, and to bear interest at the rate of 8 per centum per annum ; the payment to extend over a maximum period of five years, or to be reduced by instalments of not less thau £1,000 each, at any earlier date, at. the option of the Company. All book debts wili be taken ov^r as they now 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 j but all other articles and property of what kind soever will be deemed to be included in the valuation estimate of £18,789 ss. Ihe Company will be registered as soon as £25,000 has been subscribed for, in addition to the paid-up shares to be retained by the vendors, and the shareholders will then be called together to elect a permanent Board and adopt Articles of Association. On the registration of the Company Messrs Barber will at their own cost, continue and complete the erection of a large new slaughterhouse at Wgahauranga, and will remove, there from its present position in Wills-street, the whole of th ir meat preserving machinery and plant. it is intended to take power in the Memorandum of Association to enter upon the business ot freezing meat for export, or to amalgamate with any other company, or to purchase any business established for that purpose, and to manufacture artificial manures or other products < which may be considered legitimate adjuncts to the business, but for the present, at least, it is deemed prudent to rest 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 increased profits and largely diminished expenses. The combined businesses show a net profit of over 15 per cent., and it is confidently expected that when conducted under one head, this may be l considerably exceeded. The succeas which has attended the Gear Ai eat Company since its estab- j; lishment us a public Company, shows jj conclus.vely that such businesbes are more systematically und advantage ously worked and extended in thi« way than by private enterprise j and it is for this reasou that .Messrs Bar- J ber and Woods, Crosbie aad Company, * are willing . to sell their respec- " tive businesses to a Company, while still retaining" a very large interest them«elv3i< ; and they have * agreed to place th< i ir services at the _ disposal of the Company for such. time as the Directors may require, * and hoc to engage in any business in competition with the Company.' The resources of the . Wellington district, in the way of sheep and