Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 43, 13 September 1883, Page 4

Prospectus. | * E 0- S P E C T TJ S WELLINGTON MEAT PR.ESERVING AND EEFKIG SEATING COMPANY (Limited). To be registered under the Joint Stock Companies Act, ISB2. CAPITAL £50,000 ■ In 5000 Shares of £10 each (With jiowcr to increase.) | Payable — len shillings on application; ten shillings ou allotment ; and subsequently by calls not exceeding at the rate of live shillings per month per share. Provisional Directory. j (The following gentlemen will act on the j Company's behalf uutd the nppointI merit of the permanent Board by the Shareholders.) Charles Johnston, E«q.. M.ILE. (Messrs Johnston and Co.) j Bon. i.obert Campbell, M.L.C. W. Waring Taylor, Esq. J. G. Wilson, Esq., M.H.R. I Donald Eraser, Esq. | John McLennan, Esq., Oroun Downs I Charles li. Izard, Esq. (Messrs Izard and j Bel!) | E. A. llrull, Ksq. (Messrs Km 11 and Co.) Joseph Abbott, Esq., Wanganui J. M'.Men'imen Esq., Terawhiti John Stevens, Esq., M.H',E. (Messrs Stevens and. Gorton, Bulls) I James Smith, Esq. (Messrs Turnbull, Smilii, and Co.) C. C. Murray, Esq. (Messrs Murray, Roberts, and Co.) James Bull, Esq., Bulls A. H. Miics, Esq. (Messrs Murray, Eoberts and Co.) John P. Russell, Esq , Wnngi-Mosna Alfred Matthews, Esq., Ecatherston | Andrew Young, Esq. I E. J.Riridiford, Esq. | George Lux ford, Esq. j I<\ ]3. Larkworthy, Esq., Carnarvon ! ; stale, Sanson i John T. Dalrymple, Esq., Bulk ; With pofter to add to thair number. | Bankers : The Colonial Bank of New Zealand. Solicitors : Messrs Izard snd Bell. Interim Secretary i Henrj Wrisjlit. Temporary Offices : Temple Chambsrs. All expenses in connection with floating- the Company prior to registration to be borne by the "Vendors. The objects with which this Company is projected are to ■ puraha.se, continue, and extend the businesses ot .Mesrs J. and fl. Bui ber, and Woods, Crosbie and C© , which have been so .successfully carried on for many years ps.v.., cousistiii-r of six retail =jhops. meatpreserviugandboilingdowu plant pnddocks, yards, horses, carts, and all complete tbe applications necessary for conducting tbe extensive busines. which now exists. A schedule of tho various properties used in the business 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 sum ot £18,789 5s (vide Schedule A), of which the proprietors will retain in paid-up Fhares the sum ©f £12,000, leaving the balance to be paid oat ot calls, and to bear interest at ths rate of 8 per centum per annum ; the payrm nt to extend ovor a. maximum period of five years, or to be reduced by instalments of not less than £1.000 each, at any earlier date, at the option of the Company. Ail book debts will be taken over as they now stand in tbe bonks, and they will be guaranteed at 2Gs in the pound by the vendors. Live stock, tallow, borses, carts, and several smaller properties not already valued (vide Schedule B) will be takea at a valuation on delivery; but all ©ther articles and property ot what kind soever will be deemed to Ibe included ia the valuation oaii|ina.eof £18,7i>9,55. | Ihe Company will be registered as | soon as £"35.000 has been subscribed : for, in addition to the paid-up shares 1 to be retained by the vendors, and the shareholders wiil then be called ;o- . pother ts elect a permanent Board and adopt Articles o f Association. On the registration of the Company Messrs Barber wiil at. their own cost, continue and complete the erection of a large new blaugiiterhou.se at i^gahauranga, and will remove, there (rom it.-, present position in Wills-street, the whole of th ir meat . pre3erviug* machinery and plant. It is intended to take power ia the Memorandum of Association to enter upon the business ot freezing meat !or export, or to amalgamate with any other company, or to purchase any business established for that purpose, and te manufacture' artificial manures or other products which may be considered legitimate adjiusts to t,b . business , but for the pre-e-it, at leaal, it is deemed prudent to t-eat satisfied with the known profits oi 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 corn bin ed businesses show a net profit of over 15 per cent., and it is .onfidently expected that 'when conducted undf-r one head, this may be 3ou~iue.'abiy exceeded. Ihe success which has attended the Gear .\itat Company since ltfl. establishment as a public Company, shows couclus.rely that' such busines-ea are mure systematically and advantage ouflly worked and extended in this way than by private enterprise; and lit ia for thi.*- leahon that Messr.-* Barber and Woods, Crosbie and Company, are willing to sell their, respec- ' tive businesses to , a Company, while etili retaining a very large ' interest tbetr.sclv-N ; and they- have ' agreed to place tlvir services at the . di-pc-al of the Company 'for such time as ' the" Directors may' require, .1 and not- to engage in any business- in competition with the Company. ' i The resources of tne' Wellington j dietrict, in the way of 6Ueep and'