Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 47, 22 September 1883, Page 4

Prospectus^ f> ROS PECTUS I of the WELLINGTON MEAT PRESESVI.NG AND REFRIGERATING COMPANY (Limited). To be registered Tincler ihe Joint Stoci 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 five shillings per month per share. Provisional Directory. (The following -Gentlemen will act on the Company's behalf until ths appointment of ths permanent Board by the Shareholders.) Charles JohEston, 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., Oroua Downs Charles B. Izard, Esq. (Messrs Izard and Bell) F. A. Krull, Fsq. (Messrs KrullandCo.) 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, Smith, 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-Moana Alfred Matthews, Esq., Featherston Andrew Young, Esq. K. J. Riddiford, Esq. George Luxford, Esq. F. B. Larkworthy, Esq., Carnarvon I' state, Sanson John T. Dalryniple, Esq., Bull? With po<rer to add to their number, Bankers : The Colonial Bank of New Zealand. Solieilors : Messrs Izard and Bell. Interim Secretary : Henry Wright. Temporary Offices ; Temple Chambers. All expenses in connection with floating the Company prior to regis-, tration to be borne by tbe Vendors. The objects with which this Company is projected are to purchase, continue, and extend the businesses ol Mesrs J. and H. Barber, and Woods. Crosbie and Co., which have been s< successfully carried on for many years past, consisting of six retail shops meat preserving and boiling down plant paddocks, yards, horses, carts, and aii complete the applications necessary toi conducting the extensive busities.which now exists. A schedule of the various properties used in the business is appended ai foot, and the values having beer ascertained by a competent independant valuator, and approved by tin Provisional Directors, it is proposed to take them ever at tbe sum o £18,789 5s (vide Schedule A), o winch the proprietors will retain it paid-up shares the sum ©f £12,000 leaviDg she balance to be paid out o calls, and to bear interest at the rat< of 8 per centum per annum ; th< paymt nt to extend over a uiaxiuma period of five years, or ro ba reduce* by instalments of not less than £1,0U( eaqh, at any earlier date, ac tht option ofthe Company. Ail book debts wili be taken ovei as they now stand in the books, anc they wili be guaranteed at 20s ii the pound by the vendors. Liv< stock, tallow, horses, carts, and several smaller properties not alreadj valued (vide Schedule B) will b« taken at a valuation on delivery: but all other articles and property el what kind soever will be deemed tt be included in the valuation estimate 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 the shareholders wiil then be called together to elect a permanent Board and adopt Articles of Association. On the registration of the Company Messrs Barber will at their own cost, continue aud complete iheerect.iou of a large new slaughterhouse at Ngahauranga, ana will remove, therefrom its present position in Wills-street, the whole of th ir meat preserving rn&chinery and plant. h is intended to take power in the Memorandum of Association to enter npon the business ot freezing meat 'or export, or to amalgamate with any. other company, or. to purchase any business established for that purpose, and to manufacture artificial manures or other product* which may be considered legitimate adjuncts to tbe bueine-'s , but for the presont, at least, it is deemed prudent to rest satisfied with the known profits ot the businesses as they stand, without embarking in more speculative ventures, and it is evident that the combination ofthe two establishments under one management must result in it creased profits and largely diminished expenses, I he combined businesses show a net profit of over 15 per cent., and it is confidently expected that when conducted under one head, this may be con i>iei ably exceeded. The snecess which has attended the Gear .Si ear Company since its establishment »s a public Company, shows conclus.vely tnat such busiueshes are more systematically and advantage ously worked and extended in this w«y than by private, enterprise; and jt, is for this reason that Messrs Bur* her and W oods, Crosbie and Company, are willing to sell their respective businesses to a Company, while stiil retaining a very large interest themselves ; arid they have agreed to place, their services at the dispos-ai of the Company for such time as the Directors may require, and not to engage 'in' any business in competition with. the. CQmpan^r. The resources of tiie Wellington district, in the way of sheep and