Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 45, 18 September 1883, Page 4

Prospectus. 12) ROS PECTUS I of the [ WELLINGTON MEAT PRESERVING- AND RE FRIG KEATING COMPANY (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 ; aud subsequently by calls not exceeding at the rate of live shillings per month per share. Provisional Directory. (The following gentlemen will act on the Company's behalf until the appointment of the permanent Board by the Shareholders.) Charles Johnston, Esq., M.H.R. (Messrs Johnston and Co.) * Hon. kobert Campbell, M.L.C. W. WariDg Tavlor, Esq. J. G. Wilson, Esq., M.H.R. Donald Fraser, Esq. John McLenuan, Esq., Oroua Downs Charles B. I.ard, Esq. (Messrs Izard and Bell) F. A. Krull, Ksq. (Messrs Krulland 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 Tmrnbull, Smith, and l'o.) C. C. Murray, Esq. (Messrs Murray, Roberts, and Co.) James Buil, 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. d. Riddiford, Esq. George Luxford, Esq. F. B. Larkworthy, Esq., Carnarvon I- state, Sanson John T. Dalrymple, Esq., Bull? With potfer to add to thtir number. Bankers : The Colonial Bank of New Zealand. Solicitors : Messrs laard and Bell. Interim Secretary : Henry Wright. Temporary Offices : Temple Chambers. All expenses in connection witb floating the Company prior to registration to be borne by the Vendors. The objects with which this Company is projected are to purchase, continue, and extend the businesses of Mesrs J. and H. Barber, and Woods, Crosbie and Co., which bave been so successfully carried on tor many years past, consisting of six retail shops, meat preserving and boiling; down plant paddocks, yards, horses, earts, and all complete the applications necessary ior conducting the extensive business whieh now exists. A schedule of the various properties used in the basinrss is appended at foot, and the values having been ascertained by a competent independatt valuator, and approved by the Provision-.d Directors, it is proposed jo take them over at the sum ot £18,789 5s (vide Schedule A), of whieh the proprietors will retain in paid-up t-bares tbe sum of £12,000, leaving tbe balance to be paid out ot calls, and te bear interest at the rate ot 8 per centum per annum j tne paym* nt to extend over a maximum period ef five years, or to be reduced by instalments of not less than £1,000 each, at any earlier date, at the option of the ( 'ompany. Ail book debts will be taken over as tbey now stand in the books, and they will be guaranteed at 20s in the pound by tbe vendors. Live stoek, 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 property of what kind server will be deemed to be included in the valuation esumaie of £18,789 ss. . 'lhe 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 to- i getber to elect a permanent Board and adopt Articles <>* Association. On the registration of tbe Company Messrs Barber wil) at their own cost, continue and complete ihe erection of a large^new slaughterhouse at Ngabauranga, and will remove', therefrom it» present position in Wills-street, the i whole of tb' ir meat preserving machinery and plant. Jt is intended to take power in the Memorandum of Association to enter upon the bnsiness ot freezing neat for export, or to amalgamate witli any otber company, or to purchase any business established for that purpose, and to manufacture artificial manures or other products whieh may be considered legilimate adjuncts to tbe 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 tbe two establishments under one management must re3ult in increased profits and largely diminished expenses. Tbe combined businesses show a net profit of over 15 per cent., and it is confidently expected that when con-" ducted uuder one head, this may be coni-idei ably exceeded. The success which has attended the Gear Ai eat Company since its establishment as a public Company, shows conclus.vely that such businesses are more systematically and advantage I ously worked and extended in this way than, by private enterprise; and it is for this reason that Messrs Barber and Woods,Crosbie and Company, are willing to sell ' their ' respec- ■* tive businesses to ' a Coinitahy, while still retaining a very" large « interest tliemselv.H ; and they Jiave j igreed to place thoir services fct|[ the iispocal of the Company for suoh lime as the Directors may require, 1 ind not to engage in any business in jotnpetii ioh with the Company. ' The resources '' of^ the Wellington j i .strict, in the way of sheep and 1