Page 3 Advertisements Column 3

Manawatu Standard, Volume 4, Issue 224, 24 August 1883, Page 3

— — I — — ■MM— — —^—^— — PROSP E 0 i U OP THE ihe WELLINGTON ' MEAT PRESERVING l P er AND REFRIGERATING COMPANY, ited v (Limited.) .^ To be Registered under the Joint Stock ■— Companies' Act, 1882. ,;, CAPITAL .. .. ;.. £50,000. In 5000 Shares of LIO Each. With power to increase Payable— Ten Shillings on<: application ;' Tdu • • Shillings on allotment; and subsequently by Calls net exceeding at the Tate of Five Shillings per month per Sbare. . Provisional Directory, j ■1 ... The following gentlemen will act on the Pr Company's behalf until the appointment of 6 the permanent Board by the Shareholders :— t., John T. Dalrymple, Esq.} Waitatapia. ; Bulls. ' v - # Charles Johnston, Esq., M.H.R. (Messrs j' \ Johnston* &; Co.) ; i-7 ! Hbn. Robert Campbell, M.L.O. . W. Waring Taylor, Esq. l V J.G. Wilson, Esq., M.H.R. id rDqnald Fraser, Esq. , John McLennan, Esq. Oroua Downs v i- Charles B. Izard, Esq. (Messrs Izard and '/ '") Bell) 7 ,!7''7 : "' 1 F. H. Krull, Esq. (Messrs Krull and 06) _ Jbkeph Abbott, Esq. Wanganui • ' J. -McMenamen, Esq. Terawhiti John Stevens, Esq.- (Messrs Stevens and „ '-■ Gorton, Bulls) James Smith, Esq. (Messrs Turnbnll, Smith, ahd Co.) CO. Murray, Esq. (Messrs Murray, [. Roberts, and Co) James Bull, Esq. Bulls ' A.|H. Miles, Esq; (Messrs Murray, Robert, and Co,*John P. Russell, Esq. , Wangai-Moana Alfred' Matthews, Esq. Featherston Andrew Young, Ese[. is E. j. Riddiford, Esq. George Luxford, Esq. y F. B. Larkwortby, Esq. Carnarvon Estate, Sanson i , With power to add to ■ their number, g . : Bankers ;.' "' Tho Colonial Bank' of New Zealand.'' SOLICITORS. ; . .; ■ Messrs, lzard and Bell. Interim ■'>. '»' "' ' Henry Wright. < Temporary Offices. Temple Chambers. . .■<,<■ X . ■ t". ■■ ) t* i. A> • . .' :'. .- All expenses m connection with, floating 8 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 been so successfully carried on for many i years past, .consisting ,of sir retail shops, • meat) preserving and boiling-down plant oomplete, paddocks, yards; horses, carts, and ' all tjhe appliances necessary for conducting the extensive .business which now exists. '■ ■■ ' A schedule of the various properties used> m the business is appended at foot, and the * values having been ascertained by a compe- • tent independent^valuatbr, ahd approved by tbe Provisional Director*, it is proposed 'to take them over at the sum of L 18,789 5s vide Schedule A, of which the proprietors, will retain m i paid-up shares the sum of Ll2 000, leaving the balauce to be paid out of calls, and to bear interest at the rate 'of 8. '• per cent per annum; the payment to. extend over a maximum period of five years, or to be reduced by instalments of not less than ' LJOOO each, at auylearlier date, at the option ofthe Company. .;. —....- All book debts will be taken over as they now stand 'm the" books, and they will be guaranteed f afc 20s m the pound by the vendors. s7 Live stock, tallow, horses, carts, and several smaller properties not already valued, vide Schedule B, wiljbe taken at a valuation on delivery: but" all other articles and prqperty: of what? kind 'soever will' hedeemed tobe included m the valuation .estimate of L 18.789 Ss; ' A ■ ■ ■■ ■■' ■' X „■ „ The Company will be registered as soon as ii 25,000 has been subscribed for, m addition ' to the p&id-up' shares to ; be retained by, the ' 'Vendors, and the shareholders will ' then be i- 'called together to elect a permfinent Board r and adopt Articles of Association. On J the "Registration of the .Company, , Messrs' Barber 1 will at' their own cost con » : tinue and oomplete the erection of a new slaughter. house at Ngahauranga, .and will remove there, from its present position m .. "Willis-stxfp^the whole [of their meat .pre-: v serving machinery and plant; ' *it is intended to take power m the Memo^. 'randum Sf ! Association to enter upon -the business of freezing meat for ;-export, or to '; amalgamate with any other Company, ortp purchase any business established' for that' purpose, and to manufacture artificial manures' or other product's 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 of the businesses as they stand, without " embarking m more speculative ventures, arid - it is evident that the combination of the two establishments under one management must result m inoreased profits and largely dimin--1 ished expenses.. i The combined businesses show a net profit r ef over 15 percent, and it is confidently f expected that when conducted under one l" head, {his may be considerably exceeded. : The 1 success which has attended' the Gear ■ Meat Company since its establishment as a I public Company,, shows conclusively that: such businesses are more systematically and advantageously worked and extended iv. r this way t-hjin. by private enterprise ; and it i is for; this reason that Messrs Barber, and Woods, Crosbie and Company are willing to sell their lespective business" to a Company while! still retaining ai very large interest -• thWislelves^and they have agreed, to place I ; their services at the disposal of the Company, ' for- such- time as the Directors may require, and not to engage m .any businesses in.competition' with this Company. The resources of the Wellington district, m the way of sheep arid cattle, are so large and increasing, and the demand for preserved meats m England and elsewhere so much m excess of the, supply, that a business. - of this kind is capable of almost infinite extension, and presents to capitalists the opportunity of a safe and' profitable investment, 's whilst to stockowners it aff ords the means of l , securing a fair .value for their produce. . _» 7 ' ' . The Provisional ! Directors have given their' careful consideration to the V* pfypdsed- Gtimpariy, and have hTald sub- ' * tmtfted-fo ihenv'* by their own valuator ■""" the detailed valvHions. of the various. '■ properties id be taken ' over. They' +(7el~ "" they can with 'confid'eriee recon merid this undertaking to the Public as one whibh \s i entered upon fin a fair I?asis, and, which I promises to i/ield a Karvdqome return on the cdpttal invested, as well as by the extension of the business adding io the .material prosperity of the City 5g and the stockowners of the surrounding JE districts. • • ' ' The Authorised Brokers are : — ise Wellington— DEACON' &' BUSHELL ier "■'"•-... — ARTHUR WARBUR-. of TON, & CO. [ng Wairarapa— LOWES. # IRONS, Mas- ™. terton Wanganui— H. TILLY irs,"" Bull*— STE YENS & GORTON the Feilding— HALCOMßE & SHERWJLLi uce palmerston— STEVENS & GORTON • Foxton— THYNNE, LINTON, & CO. ! n Fr|om whom Prospectuses and t allin» ,1 ; fdrihation<can be obtained, or from ..■',',' HENRY WRIGHT, 1 J .Interim Secretary, , Bee l Temple Chambers, due ! \_ - : ' t: -' '''"' ,: ' : ■'•■■- * "'■ ioon' SPECIAL NOTICE^: ,; MRS LONDuNV DressuiakCT, re^ quests that all messages, letters, lor parcels ot work intended for her may be left at Mrs Heaton's m the Sqnare, by whom they will be kept till called for.. • 7 A