Page 4 Advertisements Column 5

Feilding Star, Volume IV, Issue 48, 25 September 1883, Page 4

Prospectus. T> 11 O S P E C T IT S I' oft lie WELLINGTON MEAT PRESERVING- AND EEFUIGEEATINGCOMPANY (Limited). To be registered undev the Joint Stock Companies Act, ISS2. CAPITAL £50.000 In 0000 Shares of .€lO each. (With power io increase.) Payable — len shillings on application; ten shillings ou allotment; and subsequently by calls not exceeding at the rate of five shillings per month per share. j Provisional Directory. i (The following gentlemen will act on the ! Company's behalf until the appoint- ! ment of tiie 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.E. Donald Fraser, Esq. John McLennan, Esq., Oroua Downs Charles B. Izard, Esq. (Messrs Izard and Bell) F. A. Krull, Ksq. (Messrs Krull and' Co.) Joseph Abbott, Esq., Wanganui J. M'Menamen Esq., Terawhiti John Stevens, Esq., M.H.E. (Messrs Stevens and Gorton, Bulls) James Smith, Esq. (Messrs Turnbull, Smith, and Co.) C. C. Murray, Esq. (Messrs Murray, Eoberts, and Co.) James Bull, Esq.. Bulls A. H. Miles, Esq. (Messrs Murray, Eoberts and Co.) John P. 15usse.ll, Esq.. Wangl-Moana Alfred Matthews, Esq., Featherston Andrew Young, Esq. K. .1. Eiddiford, Esq. George Luxford, Esq. F. B. Larkworthy, Esq., Carnarvon i state, Sanson John T. Dalrymple, Esq., Bulls With power to add to their number. Bankers : The Colonial Bank of New Zealand. Solicitors : Messrs Iznrd and Bell. Interim Secretary : Henry Wright. Temporary Offices : Temple Chambers. All exposes in connection with floating the Company prior to registration to be borne by the Vendors. The objects with which this Company i.s projected are to purchase, continue, and extend the businesses ol Mesrs J. and FL Barber, anil Woods, Cro^bie and Co., which have bepn s>> successfully curried on tor many years past, corisistiriir of six retail shops, meat preserving and boilinjj'down plant paddocks, yards. hovsew, carts, and all complete the applications necessary for conducting the extensive business which now exists. A schedule of the various properties used in th«^ business is appended at foot, and the values having been ascertained by a competent imlppeijdant valuator, and approved by the Provisional Directors, it is proposed j to take them ovor at the sum ot £18,789 5s (vide Schedule A), of which the proprietors will rfttfiin in paid-up shares the sum of £12,000, leaving the balanco to be paid out of calls, and to bear interest at the rate of 8 p<r centum per annum ; the paynv nt to extend over a maximum period of five years, or to be reduced bj- instalments of nut, less than £1,000 each, at any earlier date, at the option of the (.'oinpanj'. Ail book debts will" be takeu orer as they flow stand in the books, and they will be guaranteed ot 20s in the pound by the venders. Live stock, tallow, horses, carts, and several smaller properties not already valued (vide .Schedule B) will he taken at a valuation on delivery; but all other articles and property ol what kind soever will be deemed to be included in tho valuation estimate of £18,789 ss. '1 he Company will be registered as soon as £20,000 has been subscribed for, in addition to the paid-up shares to be retainod by the vendors, and the shareholders will theu be called together to elect a permanent Bi>ard and adopt Articles o* Association., On the registration of the Company Messrs Barber will at their own cost, coarinue and complete the erection of a large new slaughterhouse at iNga- j hauranga, and will romovo, there from it* present position in Wills-street, the whole, of th ir meat preserving machinery and plant. It is intended to take power in the Memorandum of Association to enter upon the business of freezing meat tor export, or to amalgamate with any other company, or to purchase any business established for that purpose, and to manufacture artificial manures or other products ( which may be considered legitimate adjuncts to the business, but for the present, at least, it is deemed prudent to rest satisfied with the known profits at 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 anu largely diminished expenses. The combined businesses show a net profit of over 15 per cent., and it is confidently expected that when con- ' ducted under one head, this may be r con-ideiably exceeded. 'J he success which has attended the Gear Meat Company since its estab- f lishment as a public Company, shows *■ conclus.vely that such businesses are * more systematically and advantage ' ously worked and extended in this way than by private enterprise; and it is for this reason tliat Messrs Bar- .^ ber and Woods, Crosbie and Company, * are willing to sell their respec- - tive businesses to a Company, tvhile still retaining a very large g nterest themselvaM ; and they have » igreed; to .place their services at the * lisposal of the Company for such " iime as th& Directors may require, f md not to engage in any business' in sompetition with the Company. The resources of" tiie Wellington Uetrict, in the way of sheep and