Page 4 Advertisements Column 1

Manawatu Standard, Volume 4, Issue 229, 30 August 1883, Page 4

I'll II ■■" , , PR OS P EC T U b OF THE WELLINGTON MEAT PRESERVING AND REFRIGERATING COMPANY. ; (LIMITBD.) J To be Registared under the Joint Stock - ' Obmpaniw' Aot, 1882. J 1 \ OAPrTAL . I. . • ''■'„..; *50,000. Is 6000 Shabis 09 Llo Each. ,Wlth power to increase Payable— Ten Shiuingi on application ; Ten . Shillings on allotment ; and subsequently by Calls net exceeding at the rate of Stre Shillings per month per Share. Provisional Directory. The following gentlemen will act on the Company's behalf until the appointment of the penaanent.Boaid by the Shareholders :— • John T. Dahrymple, Esq., Waitatapia. Bulls. „w-.■ ■•>_--•' Chariea Johnston, Esri., M.H.R. (Messrs Johnston & Co.) Hon. Robert Campbell, M.L.O. ; W. Waring Tayldr, Esq_ J. G. Wilson, Esq., M._.R. Donald Fraser, Esq. John McLennan, Esq. Oroua Downs Chtrles B. laard, Esq. (Messrs laard and. F. H. Erull, Esq. (Messrs Krull and Co) Joseph Abbott, Esq. Wanganui J. McMenamen, Esq. Terawhiti John Stevens, Esq. (Messrs Stevens and Gorton, Bulls) .'< James Smith, Esq. (Messrs Turnbnll, Smith, and Co.) 0. G. Murray, Esq. (Messrs Murray, j ; Roberts, and Co) . 1 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, Esq. ' ' . E. J. Riddifbrd, Esq. ; George Lurford, Esq. ■_ F. B. Larkwortby, Esq. Carnarvon Estate, Sanson 'V Wim power to add to- their number. BlKKIBS: The Colonial Bank of New Zealand. Solicitors. Messrs Izard and Bell. Int-bi_ Sbobbtaby. •Henry Wrighfc ■ !.. Tbkpobaby Officbs. Temple Chambers. All expenses m connection with floating the Company prior to registration to be borne by the Vendors. L The objects with which this Company is projected are to purohase, continue, and extend the businesses of Messrs J. and H. Barber, and Woods, Crosbie, and Co., which have been W successf ull j carried on for many years past, consisting of six . »*»* l meat preserving and boiling-down plant complete; paddocks, yards; hor«es,/ea»t«» ..«»d all the appliances necessary for conducting the extensive business which now exists. A schedule of the various properties used m the business is appended at foot, aud the values having been ascertained by a competent independent valuator, and approved by tbe Provisional Diiectbw, 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 paid-up shares the sum of 1i12,000, leaving the balauce to be paid out of calls, and to bear, interest at the rate .of 8 percent per annum ; the payment to extend over a maximum period of five years, or to be reduced by instalments of not less than LIOOO each, at any earlier date, at the option of the Company. . „ •; All book debts will be taken oyer, as they j now Bt * nd iv the books, and they will be guaranteed . at 20s m -the pound by the vendors. Live stock, tallow, nonet, carts, and several', smaller properties not already Valued, vide Schedule B, will be taken at a valuation on delivery : but all other articles and property of what kind soever will be deemed to be included m the valuation estimate,of L 18.789 6s. „ »,.-■• The Company will be registered as soon as L 25.000 has been subscribed for, m addition to the paid-up shares to be retained. byj the Vendors,' arid the shareholders will then be called together to elect a permihent Board and adopt Articles of iAssbciation. ;■"'■■« f On the Registration of the Company^ Messrs Barber will at their own cost eon tinue and complete the erection of a new slaughter. house at Ngabauranga, and; will remove there, from its present .position m ■Willis-street, the whole of their .meat preserving machinery and plant. ' It is intended to take power m the Memorandum of Association to enter 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 baconaidered legitimate adjuncts Ui the' business • but for tbe present, at least, it is deemed prudent -to rest satisfied- 'with the known profits of the businesses as tne^sfcaud, without embarking m more speculative^ ventures, and it is evident that the combination of the two establishments under orie rnanaeement mus*. result m increased profits and largely diminished expenses. , ~ , ' The combined businesses show a net profit ef over 15 percent, and it is confideutly expected that when. conducted under one head, this, may be considerably exceeded^ y X The. success which has attended the Gear Meat Company Bince' its establishment as a public Company, showa cbnelusi vely that such businesses are more systematically and advantageously worked • and extended io this way than by private entcrp/ise; and it is for ' this reason that Messrs Barber, and Woods,' Crosbie and Company are willjng tp sell their respective business to a Company while still retaining a very large interest themselve ;and they have agreed to place their serf ices at the disposal of the Company for such time as the Direstora may require, and not to engage m any busmesses m .oompetitibn'with this Company. : The resources of the Wellington district, m the way of sheep and cattle, are to 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, whilst to stockowners it affords the means of securing a fair value for their prodnce. - ' The Provisional Directors .have given their careful consideration to the Proposed Company, and have, had sub ■ milted to them oy their own valuator tlve detailed valvfy tions of the various properties 'p be., taken over. They Seel they cm mthconfidenee recommend this undertaking to the Public as one which \s entered upon on a fair basis, andi which promises to yield a handsome return on the capttal invested, as well as by the extension of the' business adding to the material .prosperity of the City and the stockowners of the surrounding districts. ,:-;-.j •.-..-, -.. The Authorised Brokers are.:-— Wellington-- DEACON & BUSH ELL « ' — ABTHUB WARBUR.. TON, & CO. Wairarapa— LOWES *&. IRONS, Masterton y-'yy v Wanganui— H. TILLY Bulls— STEVENS & GORTON % . Feilding— HALOOMßE & SHERWILL IPalmerston—STEVENS & GORTON Foxton-THYNNE, LINTON, & 00. From whom Prospectuses and all in* _ formation can be obtained, or from - . ■'' HENRY WRIGHT, Interim Secretary, Temple Chambers, SPECIAL NOTICE. MRS LONDON, Dressmaker, requests that all messages, letters, X_x, parcels of work intended for her mdy ■_idt at ilrs Heaton's m the Square, they will be kept till called ___ x ■