Page 3 Advertisements Column 3

Manawatu Standard, Volume 4, Issue 224, 25 August 1883, Page 3

Pii u S I* *E 0 T U to OP THE WELLINGTON MEAT PRESERVING AND REFRIGERATING COMPANY. (LIMITKD.) To be Registered under the Joint Stock Companies* Act, 1882. CAPITAL ... £50,000. ; In 6000 Shams of LlO Each. With power to increase Payable-— Ten Shillings on application ; Ten Shillii.RS on allotment; and subsequently by Calls net exceeding at the rate of Five Shillings per month per Sbare. Provisional Directory. The following gentlemen will aot 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 j Johnston .& Co.) , Hon, Robert Campbell, M.L.O. W .jWaringTaylorj Esq. r J. G. Wilson,. Esq., M.H.R. Donald Fraser, Esq. Jtihb MoLennan," Esq. Oroua Downs Ohajrles B. Izard, Esq. (Messrs Izard and 7> jBell) r -; . 7 E. H. Krull, Esq. (Messrs Krull and Co) Joseph" Abbott/Eaq. Wanganui ' , J. McMenameD, Esq. Terawhiti Johb Stevens, Esq. (Messrs Stevens and 'Gorton, Bulls) James-Smith, Esq. (Messrs Turnbnll, : Smith, and Co.) O. O. Murray, Esq. (Messrs Murray, 'Roberts, and Oo) James Bull, Esq. Bulls A. H. Miles, Esq. (Messrs Murray, Robert, attd Oo.) John P. Russell, Esq. Wangai-Moana Alfred Matthews; 'Esq. ' Featherston " Andrew Young, Eea;.,. ■ - E. J. Riddiford, Esq. George Luxford, Esq. F. B. Larkwortby, Esq. Carnarvon Estate, Sanson ; , . With power to add to their number. ' J BiNKEHS : The Colonial Bank of New Zealand. - Solicitors. Messrs Izard and Bell. fy' - ;■• Intebim Seoretabt. ■_■-', •„-, , i ' Henry Wright. . „..,. i :' " Tbmpobabt Offices, Temple Chambers. All expenses in connection with floating the Company prior ; to registration to be borne by tbe Vendors. ' , . . ; L " The objects with which this Company is ■ projected are to purchase, continue, and extend 'the businesses of Messrs J. and H. Barber, and Woods, Crosbie, ; and Co., whioh | have been so successfully carried on for many | ■yearß, past, consisting of sir retail shops, | meat ! preserving ' and .boiling-down plant oomplete, paddocks, yards, horses, carts, and aU the appliances necessary for conducting the extensive business which now exists. . A schedule of the -various properties used in the business iB appended at foot, and the - values having been ascertained by a competent indepepdent vajtaator^and approved bji tbe Provisional' birectony it is proposed to take tbem over at the sum 6f L18,789' Bs viae 'Schedule A, pf which the proprietors will retain in paid-up shares sum of ,L12,000, leaving the balance tobe paid out of calls, and to bear interest at the rate pf 8, percent per annum; the payment to extend' over a maximum period -if five years, otto be ! reduced by instalments of not less than LlOOO each, at any earlier date, at the option of the Company. ■'■■'■■ AY ,' All book debts will be taken over as they now stand in the. books, and they will be guaranteed at 20s in the pound by the .vendors. Live Btock, tallow, horses, carts, ancl! several 'smaller properties not already Valued, vide Schedule. B, will be taken at a valuation on deliverv: but. all other articles and} property of what kind soever will be deemed to be included 'in the v valuation 'estimate of L18, 789 55., -,- ,y y / ';-..; : ' The Oompaojr^t^ "feo-rcgiafcered aff Boon-at-L25,000 bas been subscribed for, in addition to the paid-up shares; to; be refcaiped by the Vendors, aud the shareholders will then be called together to elect a permanent Board, and adopt Articles of AssPciation. On the {Registration of . the Company, t Messrs Barber will at. their own cost .conl tinue aiid oomplete the' erection of a new slaughter. house at Ngahauranga, and will remove there, from its present position in -Willis-street, the whole of their^meat pre* serving machinery and, plant. -T> A- (/ -A .It is intended to take power in the Memorandum of Associatipn ito enters upon the business of freezing meat for 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 jat least, it 'is deemed prudent to rest satisfied with the known profits of 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 inoreased grofits and largely diminished expenses. The combined businesses show a net profit ef over 15 percent, and it' is confidently expected that when conducted under one head, this may be considerably exceeded. The success which has attended the GearMeat Company since its establishment as a publie Company, shows conclusively that ' such businesses are, more systematically and advantageously worked and extended in this 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 business to a Company while still retaining a, very" large interest themselves: 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 businesses in; com-* petition with this Company. •' The resources of the Wellington district, in the way of sheep and; cattle, are sp; .large and increasing^' and ..the demand for pre* served meats 'in England and elsewhere so i touch in excess of tha supply, that a business ■ of this.kind is capable of i almost infinite ex-T tension, 'and, presents to. capitalists the opportunity of a safe and profitable investment, whilst to stockowners it affords the means of, securing a fair value for 'their produce. ThTe TProvisionaZ Directors -. lhave given their careful, consideration to the.. Proposed Company, and have had, subi mxtted to r thcm, n f>U; f^» r i PWk valuator '. the detailed" v alikiions of { the various i pri^rpkBiobe i i^ker^ u gvfr tt ATheyteel 7 they can, with qor^eneerecpmmer^ this usertakihg iqJhe{Pub}ic. as one .which is entered upon $n a f air basis, and, which. proffniTses .to yield handsome return on the capital invested, as : well. as(by\ , the extension of the business,, adding to the. Material prosperity of the 7Gitf 7 and the stockowners of the surrounding, dfetficfa „ ','... : i ■ „., The Authorised Brokers are :— \ > WelUngton— I)EAOON & JBUSHELL « — ARTHUR WARBUR- '*- -TON, «Ss CO. Wairarapa— LOWES '&' IRONS-. Masterton » . Wanganui— H. TILLY BuIIs— STEVENS & GORTON, 8 Feilding-HALCOMBE & SHERWILL f PaWerston— STEVENS & GORTON ! | * FoxIon^THTTNNE, LINTON, & CO. | From whom ■■ Prpspectuses and all in* for nia^on can be obtained, or .from , 8 ' HENRY WRIGHT,.* InterinrSecretary, * 7 '''Temple OhaniberW y. ■i . - ' ' " * y - ' - g _ . ' .. ■ 7•' „■ I. ' . ' • jt SPECIAL NOTICE.. MRS LONDON, f Dresrimaker, re-, quests that all messages, letters, is or parcels ot work; intended for her may be left at Mrs Heaton's in the Sqnare, i- by whom they will be kept- till called Jfor. i ■-