Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 46, 20 September 1883, Page 4

Prospectus. f)EOBP E C T U S 1 of the WELLINGTON MEAT PRESERVING AND REFRIGERATING COMPANY (Limited). To be registered under the Joint Stock Companies Act, ISB2. 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 of five 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, hobert Campbell, M.L.C. W. Waring Taylor, Esq. J. G. Wilson, Esq., M.H.R. Donald Fraser, Esq. John McLennnn, Esq., Orona Downs Charles B. Izard, Esq. (Messrs Izard and Bell) F. A. Krull, Ksq. (Messrs Krulland Co.) Joseph Abbott, Esq., Wangamii J. M'Menamen Esq., Terawhiti John Stevens, Esq., M.H.R. (Messrs Stevens and Gorton, Bulls) James Smith, Esq. (M«ssra Turnbull, Smith, and Co.) C. C. Murray, E.-q. (Messrs Murray, Roberts, and Co.) James Bull, Esq., Bulls A. H. Miles, Esq. (Messrs Murray, Roberts nnd Co.) John P. Russell, Esq., Wangi-Moana Alfred Matthews, Esq., Feainerston Andrew Young, Esq. K. J. Riddiford, Esq. George Luxford, Esq. F. B. Lark-worthy, Esq., Carnarvon I state, Sanson John T. Dalrymple, Esq., Bull? With poorer to add to their number. Bankers : The Colonial Bank of N«w Zealand. Solicitors : Messrs Iz;ird and Bell. Interim St-cretary 1 Henry Wright. Temporary Offices : Temple Chambers. All expenses in connection with floating the Corapsmy prior to registration to be borna by the Vendors. 'the objects with which this Company is projected are to purchase, continue, and extend the businesses ©f Mesrs J. and H. Barber, and WoOils, Crosbie and Co, which have been so successfully carried on for many years past, consisting- *>i six retail shops, meat preserving acd boilintr down plant paddocks, yards, horses, carts, and all complete the applications necessary for I 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 independanl valuator, and approved by the Provisional Directors, it i» propound co take them over at tbe sura ot £18,789 5s (vide Schedule A), of which the proprietors will retain in paid-up shares ibe sum ©f £13,000, leaving the balance to be paid out ot calls, and te bear interest at' the rate oi 8 per centum per annvm ; ti<e paym< nt to extend over a maximum period of fire years, er to be reduced by instalments of not Its* tUan £1,000 each, at any earlier date, »t, the option «f the < '©mpauy . Ail book debts will be taken over •9 they now stand in the books, and they will be guaranteed fct 20s in the ponnd 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 ; but all ether artieles and property of what kind soever will bo deemed to be included in the valuation es:iina* of £18,789 ss. 1 he 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 tbe shareholders will then be called together t© elect a permanent Board and adopt Articles of Association. On the registration of tbe Company Messrs Barber will at their own eost, continue and complete the erection oi a large new »laughterhouse at iNgahauranga, and will remove, there from its present position in Wills-street, the whole »f tb' 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 /or f sport, or to amalgamate with any other company, or to purehase any basiness established for thai purpose, and t» manufacture artificial manures ©r ©tber product* whiek may be eunsidered legitimate adjuaetstu the business, but for the present, at least, it is deemed prudent to rest satisfied with the known profits ©t the businesses as they stand, witiiovt embarking in more speculative ventures, and il is evident that the combination ef the two establishments under one management most result in increased pr©Ht» and largely diminished cxpenafS. The combined businesses show a net profit of over 15 per cent., and it is confidently expeeted that when conducted onder one head, this may be con^idei ably exceeded. '1 he succesß which has attended the Gear Meat Company since its establishment u» a public Company, shows couclus.vely that such businesses are more systematically and advantage ously worked and extended in thi*s way than by private enterprise; and it is for this reason that Messrs Barber and Woods, Crosbie and Company, are willing to sell their respective businesses to a Company, while still, retaining a rery large interest theinselvsM j and they have agreed to place their services at the disposal of the Company for such time as. the. .Directors may require, and not to engage in any business in competition with the Company! The- resources of the Wellington district, in the way of sheep and*