Page 3 Advertisements Column 3

Manawatu Standard, Volume 4, Issue 220, 20 August 1883, Page 3

PR O S P E 0 T U •* OF THK WELLINGTON MKAT PRESERVING AND REFRIGERATING COMPANY. (Limited.) To be Registered under the Joint Stock Companies' Act, 1882. CAPITAL .. .. ... £50,000. In 5000 Shares of LIO Each. ) With power to iucrease Payahle — Ten Shillings oh application ; Ten . '. Shillings on allotment; and Subsequently J by Calls net 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 :— John T. Dalrymple, Esq., Waitatapia. Bulls. Charles Johnston, Esq., M.H.R. (Messrs Johnston & Co.) Hon. Robert Campbell, M.L.O. 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. H. Krull, Esq. (Messrs Krull and Co; Joseph Abbott, Esq. Wanganui J. McMennmen, Esq. Terawhiti John Steven?, E>q. (Messrs Stevens and Gorton, Bulls) James, Smith, E?q, (Messrs Turnbnll, Smith, and Co.) 0. O. Murray, Esq. (Messrs Murray, Roberts, and Co) James Bull, Esq. Bulls A. H. Milesi E?q. (Messrs". Murray, Robert, and Cd.V "v 'John P. Russell, Esq. Wangai-Moana Alfred Matthews, Esq; Featherston Andrew Young, Eeo[. K. J.' Riddiford, Esq. George Luxford, Esq.. 'F.'B. Larkwortby^ Esq. Carnarvon Estate, Sanson With power to add to their number. Bankers : . Tho Colonial Bank of New Zealand. Solicitors. Mesars Izard and Bell. i . ' Jnxjbbim Secretary. Henry Wright. . Temporary Offices, Temple Chambers. All expenses ih connection with 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 ex-' tend the businesses of Messrs J. and H. Barber, and Woods, Crosbie, and Co., which - have b'een',Bo successfully carried ori for many years past, consisting of six retail shops, meat preserving, and boiling-down, plant complete, paddocks, yards, hordes, ca'rts, and all the appliances necessary for conducting the extensive business which now existe, • , ''A schedule. of the,. various properties used in the bus ness is appended at- "foot, and ithe values having Been ascertained by a' competent independent valuator, and approved by '■ tbe .Provisional LQirectbr*, it is projjosed'to take them over st the sum of L1 8,789 5s vide Schedule A, of which the, proprietors will retain Jn. paid-up shares the sum of Ll2 000, leaving the balance to be paid out of calls, and to bear interest at the rate of 8 per cent per annum j the payment to extend over a maximum period of five years, or to be reduced by instalments of not less than L.l OOO each, at any earlier dateV at the option of the Company. ... All book debts wiU be taken rover "as'tKey now stand in the books, and they will be guaranteed . at_ 2Qs in the -"-pound c byOhe ' .vendors/;- IJiyej Stock; viallo'w^ horses,- caris, and several smaller properties not already valued, vide Schedule B, will be taken at a valuation on deliverv: but all other articles and" property of whefc kind soever will ba deemed to be included in > the valuation estimate , of L1 8, 789 ss. The Compauy will be registered as soon as L25,000, hasvbeen subscribed for,, in .Addition to-tbe paid-up shares 'to be retained by the Vendors, aodtbe shareholders will then be called together lo elect a permanent Board and adopt Articles of Association. ~f aa"~ • On* the Registration" of "the Company; Messrs Barber will ab' their own cost con tinue and '.complete, the 'erect : 6'n r 6f ' a new slaughter. house at Ngahauranga, and will .remove there, from -its present position in Willis-street, the whole s of their meat preserving machinery and plant; fL ' 777 It is intended to take power in the Memorandnra of Association' to enter upon the business of freezing meat for export, or to amalgamate with any other Company, or to purchase anv business established for* that purpose, and; to j mahafacturia_.'.arfcificiai_manitre's or otbeiTproduots which may be con. sidered legitimate adjuncts to the business ; but for the present;-" at least, ifc is deemed" _prudenfc to rest . satisfied with the- known profits of the businesses as thej sfcaud, without' embarking in more speculative ventures,' and it is evident thatithe combination' of the-two establishments under one management must result' in increased profits and largely 'diminished expenses; ' " The coihbined businesses show a net profit ef -over, 15 per cent, and ifc is' confidently expected that when conducted under one head, this may be considerably exceeded. The success which has attended the' Gear Meat Company 'since' 1 its establishment as a, public7Company,( shows cariclqßively'thatl such businesses are more .systematically and ! advantageously. , wori ed and/- „*e;stei}4ed .in : ! tliis way-tha'u "by- private enterprise ; and it is for this reason' that Messrs Barber, and ."Woods, Crosbie and Company are willing to: sell their nespective business to a Company; while, still retaining, a very large, interest themselves, ;', and th'ey have agreed to place their services at fche'disposal ofthe Company for such. time as the Directors may require,; and; not. to engage in any businesses in competition with this Conapapy. The resources 'of the Wellington district, i in ; the way o^ l sheep r and "Cattle, are so largej and increasing, anil ; the ''demand for pre-; served .meats-in -England and elsewhere'so: much in excess of the anpply^that a business of this kind iscapable'of -almost infinite extension, and presents, to capitalists the op- : porturiity bf a'safe ind profitable investment, Whilst to StVckowhefß if aff .fds the means of securing a fair value for their 'produce. The" Pttivisi&nal TDirpciors have', given their careful consideration to tlie Proposed Company, and have fiad sub 7 m\tthd y to ' them 1 by'their own valuator', the detailed vah;f;tioHs' of ihe various p^operties-qbe fake# oyer. They *eel\ the^can wiih confidence recommend this undertaking to th7e7Publt'c as one' which is entered upon oh- a fair basis, ' and t wMch\ promises to yield a' handsome return, on the capttal invested, as well as by\ the extension of the business adding to7 they material prosperity ofthe Cityand the stockowners of fiie surrounding districts. .... The Authorised Brokers arq:— j Wellington— DEACON & BUSHELL ; ,„> -? ARTHUR WAiiBIIR. j 7 *' TON, & 00. - •■■*-' Wairarapa— LOWES & IRQNS, Masterton Wanganni— H. TILLY BuIIs— STEVENS & GOBTON; .'. • Feilding— HALCOMßE & SHERWILL Palmerston— STEVENS & Gj-ORTON Foxton-THYNNE, LINTON, & CO. From whom Prospectuses and all in* 'formation can be obtained, or from HENRY WRIGHT, Interim Secretary, Temple Chambers. SPECIAL notice: i/TJRS LCJNDUN,' Dressmaker^ re* jYL quests tl^at all m^ss^ges, letters, or parcels ot work intended for her may be left at Mrs Heaton 's in tbe Sqnare, Iby -whom they y(iii be till cabled N" ' <