Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 41, 8 September 1883, Page 4

Prospectus. I>it o s p"e ct v s ? of the WELLINGTON M EAT PHESEEViJNG AND KEKKIGKEATJLSGCOMPANY (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 — lea 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. j (The following gentlemen will act on the > Company's behalf until the appointment of the permanent Board by tho Shareholders.) Charles Johnston, Esq., M.H.E. (Messrs Johnston and Co.) Hon. Uobert Campbell, M.L.C. 1 W. Waring Taylor, Esq. ; J. G. Wilson, Esq., M.H.It. Donald Eraser, Esq. John McLeniJiin, Esq., Omns Dovrns Charles \i. Izard, Esq. (Messrs laard and Bell) F. A. Krull, Fsq. (Messrs Erulland Co.) Jo>opli AblKitt, Esq., Waiig::nui J. .M'.Memmien Esq., Teir.whiti .Join Stevens, Esq., M.H.11. (Messrs Stevens and Gorton. Bulis) Jam rs Smith, Esq. (Messrs Tnrnbull, Sniifh, and i'o.) C. C Murray, E*q. (Messrs Murray, Pvolierl-s, iiad Cd.) James Bull, Esq., Bulls , A. H. Mi!e: ; , Esq. (Messrs Hurray, Roberts and Co.) John P. Russell, Esq., Wangi-Moana Alftvd .V'r.tlhews. Esq., Featherston Andrew Youus;, Esq. '}■:. J. EiddiForJ., E;q. George Luxford, Esq. F. B. f.aik worthy, Esq., Carnarrou ! state, Sanson j John T. Dalrymple, Esq., Bull* With power to add to their number. Bankers : Tho Colonial Bank of JSeir Zealand. Solicitors : Messrs lzi'.rcl and Bell. Interim Secretary i Henry Wright. Temporary Offices : Temple Chambers. A\\ exppnses in connection with c floating- the Company prior to registration to be borne by the Vendors, j Ihe objects with which this ( 'ompJif.'T is proj.~wro.il am to purchase, continue, and extend the business^!* ot Me.-jrs J. and U. Parbcr, au<i Woods, Cro;bie and Co., which have been so successfully carried on for many years past, consisting of six retail shops, meat preferring; and boiling down plant paddocks, yards, horsea, carts, and all corafiletetha applications necessary {or conducting the extensive bushiest Trhich now exists. A schedule of the various properties used in the business is appended at foot, and tbo values having beea ascertained by a competent independarit valuator, and approved by the Provisional Directors, it is proposed ' to take them over Jit the sum or £18,789 5s (vide bchednle A), of which the proprietors will retain in paid-up shares the sum of £12,000, leaying the balance to be paid uut ot calls, and to bear interest at the rate of 8 pc? centum per annum ; the payment to extend over a maximum period of five years, or to be reduced by instalments of sot less than £i,oiio ? ejtch, at any earlier date, at the i option of the ( 'orapany . Ail book debts will be taken ovr as they now stand in the books, and tiiey will be guaranteed ut 20s in J the pound by the vendors. Live stock, tallow, horses, cartd, and several smaller properties not already valued (vie'e fcchodule B) will be taken at a valuation on delivery; hut all other articles and j>roj»erry of what kind soever will be deemed to be included is the valuation estimate of £18,789 55. i he Company will be registered as soon as £'J5.000 has beea subscribed {'or, in ccUiition to the paid-up shares to be retained hj the vendors, and the shareholders will then b« called to— to elect a permauant Board and adopt Articles o* Associatiou. Ob the re£i;*trftfion of tk« Company Messrs Barlmi* will at their own cost, continue and complete the erection of a large new slaughterhouse at .Ngabauranga, and will remove, there trom if.^ present position in Willa-street, the wholo of th- ir meat preserving machinery and plant. i* is intended to take power in the Memorandum of Association to enter upoa the businoas ot freezing meat tor export, or to amalg-amate with any otbor company, or to purchase any business established for that purpose, and to manufacture artificial manure* ot other products ( which may bo considered legitimate adjuncts So the business , bn: for the present, at least, it is deemed prudent to real satisfied with the known profits oi the businesses »s they stand, witliouc ezabarking in more speculative reninroa, and it is evident that the combination »f tb© rwo establish n: en us undor one management must result in i I creased profits auU largely diminished expenses. The combined businesses show n net profit of over 15 per cent., and it is confidently expected that when conducted under one heud, tins w&j be rorwdeiably exceeded. 'J he success which has attended the Gear Meat Company since its edtub- ! liHhment us a public Coiii|i!>uv, sliowa conclus.vely that. such. businesses »re more «yst»?maticiiliv ami fldyantajre (iuwiy worked and extended in this way thau by private enterprise; and it IB lor this reason that Messrs Barber and Woods, Crosbie and Company, are willing to sell their respective buNintsses to a (.'oupunj, while still retaining a very large interest th«in»elvs« ; and they have agreed to placo th>ir vervican at tbe di>po>al of the Company for such lime as the Directors may require, and not to enirage in any business in sompetuion with the (.'^nijianv. Ihe rftsources (.>}' tiuo Wtjllington diotrict, iv the wey of sheey tnd