Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 40, 6 September 1883, Page 4

JProspectus, |> R O S P E C T US WELLINGTON MEAT PRESERVING A.XD REFJBIGEBATIKGr • COMPAiNY (Limited). . To be registered under the Joint Stock Companies Act, 1882. CAPITAL -... £50,000 In 5000 Shares of £10 each (With power to increase.) Payable — len shillings on application; ten shillings on allotment ; and subsequently by calls not exceeding at .the rate of five shillings per month per share. Provisional Directory. (The following gentlemen will act on the Company's behalf until the appoiutment of the permanent Board by the Shareholders.) Charles Johnston, Esq., M.H.R. (Messrs Johnston and Co.) Hon. hobert Campbell, M.L.C. W. Waring Taylor, Esq. J. G. Wilson, Esq., M.H.R. Donald Fraser, Esq. John McLennan, Esq., Or on a Downs \ Charles B. Izard, Esq. (Messrs laard and Bell) F. A. Krull, Fsq. (Messrs Xrull and Co.) 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, Sniilh, 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-?*f oaua Alfrc-d Matthews, Esq., Featherston Andrew Young, Esq. K. J . Riddiford, Esq. George Luxford, Esq. F. B. Larkworthy, Esq., Carnarvon I state, Sanson John T. Dalryraple, Esq., Boll? With power to add to their number. Baulcers : The Colonial Bank of New Zealand. Solicilors : Messrs Izurd and Bell. : Interim Secretary » 1 Henry Wright. I Temporary Offices : i Temple Chambers. All expenses in connection with floating the Company prior to registration to be borne by the Vendors. The oi'jecta with which this Comi |>a?iy is projected are to purchase, continue, nnd extend the businessow ot Mesrs J. and H. Barber, au<i W.ois, Crosbie and Co., which have been co successfully carried on for taany years past, consisting of six retail shops, 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 business is appended at foot, and the values having been ascertained by a competent independaut valuator, and, approved by the Provisional Directors, it is proposed to take them over' at the sura ol £18,789 5s (vide iScliedule A), o< which the proprietors will retain in paid-up shares the sum of £13,000, leaving the balance to be paid out ot calls, and to bear interest at the rate ot 8 ppr centum per annum; t£;e paym>nt.to extend over a maximum period of five years, er to be reduced by instalments of not less than £1,-000 each, at any earlier- date/ at the option-of the Company. All book debts will be taken over as they now stand in the .bnoka, and tht;y will be' guaranteed at 20s in the pound by the vendors. Live stock, tallow, horses- carts, and several smaller properties not already valued (vie'e Schedule B) will be taken at a valuation on delivery • but all other articles and property of what kind soever will be deemed to be included in the valuation essimaie of £18,789 ss. v The Company will be registered as soon as £25,000 has been; subscribed for, in addition to the paid-up shares to be retained hy the vendors, and the shareholders will then be called together to elect a permanent Board and adopt Articles ■«* Association. On the registration of the Company^ Messrs Barber will at. then- own cost; 1 continue and pomplete ihn erection of a large new slaughterhouse at iNgahauranga, and will remove, there from ith 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 tor export, oft&too amalgamate with any other company, or co purchase any business established for that purpose, and to manufacture artificial manures or other product* which may be considered legitimate acfjuicts to the businev-sy but for the present, at least, it is deemed prudent Co rest Biitibfied with the known profits ol the businesses as they stand, without embarking in more speculative ventures,/ and it .is evident that the combination of the tyro establishments under one management must result in increased profits and 1 largely diminished expenses. ■„ ' .! The comb'ißed businessear&how a net profit ot over 15 -per cent., and it is confidently, expected that when conducted 'under' one 'head, this »ay be con -iiles'ably exceeded. - • ' • ■'! he sneceas which has attended the Gear -Meat Company since its establishment us a 'public Company', 'shows conclus.vely that such bnsinestes are rnv»re systematically and advantage' ously worked and- extended in thi* WHy-than by private enterprise; and it'is'for this reason that .tiessro 'Barber and Woods, Croabie and Company, are to sell 'their respective buj.inf.ases to a Company, while still 'retaining a very iar^e interest themselves ; and 5 they have a£iei)d to place' thi-i? services 'at the" di->po>-al of the" Company for such time -as the Dirpctors ' may' require, and' not to engage in any business in competition with the Company. Ihe resources of the Wellington ihctiict, in the way of sheep and