Page 4 Advertisements Column 1

Manawatu Standard, Volume 4, Issue 235, 6 September 1883, Page 4

Pjx v - i' bi 0 ■ r U S OF THE WELLINGTON MKAT PRESERVING AND REFRIGERATING COMPANY. (Limited.) To be Registered under the Joint Stock Companies' Act, 1882. ' j CAPITAL .» '.■.. ... £50,000. In 6000 Shabks of Llo Each. With power to increase Payable—Ten Shillings on application; Ten Shillings on allotment ; and subsequently by Calls net exceeding at the rate of Five -. Shillings per month pier 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.E. (Messrs Johnston & Co.) Hon. Robert Campbell, M.L.O. , W. Waring Taylor, Esq. t J. G. Wilson, Esq., M.H.R. Donald Fraser, Esq. John McLennan, Esq.. Oroua Downs Chsrles B. Izard, Esq. (Messrs Izard and Bell) F^ H. Krull, Esq. (Messrs Krali and Co> Joseph Abbott, Esq. WanganuF - J. McMenamen, Eaq, Terawhiti John Stevens, Esq. (Messrs Stevens and Gorton, Bulls) . Jajnes Smith,' Esq. (Messrs Turnbnll, Smith, and Co.). „'' ■'.-'■ O. C. Murray, Esq. (Messrs Murray, Roberts, and Co) , ;J James Bull, Esq. Bulls • U. H. Miles, Esq. (Messrs Murray, Robert, and Oo.V : t John P. Russell, Esq. Wangai-Moana Alfred Matthews, Esq. Featherston Andrew Young, Esq. . ■E. J. Riddiford, Esq. George Luxford, Esq. F. B. Larkwortby, Esq. Carnarvon Estate, Sanßon With power to add to their number. Bankers : '-■' TMColonial Bank of New Zealand; Solicitous. Messrs Izard and Bell. Intbbim Secretary. Henry Wright. '■ / TEMPOBi.BY OrFIOBS. Temple Chambers.- ---' All expenses m 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, randex r . tend the businesses of Messrs J. and H. Barber, and Woods, Crosbie, and Co., which V have been so successfully carried on for nffariy years past, consisting of six retail shops, meat preserving and boiling-down; . plant paddocks, yards, horses, carts, and all the appliances necessary for conducting {he extensive business which now exilte. i A schedule of the Various properties used m the business is appended at foot, and the values having been ascertained by a competent independent valuator, and approved by , the Provisional Director*, it is proposed to tike them over at the cum of L 18.789 5s vide Schedule A, of which the proprietors will retain m paid-up, shares, the sum of Ll2 000, leaving the balauce to be paid out of calls, and to bear interest at tbe 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 LJOOOeadi, at any earlier date, at the option of the Company. • All book debts will be taken over as they now stand m the books, and they will* bes guaranteed at 20s m the pound by the vendors. Live stock, tallow, horses,; 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 wilj be - deemed to beincluded m the valuation estimate of L 18.789 ss. 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" by the i Vendors, and the shareholders will then be called together to elect a permanent Board and adopt Articles of Association. ; . ■ On the Registration of the Company, Messrs Barber will at their own cost con tinue and complete the erect on of a newslaughter, house at Ngahauranga, 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 ether 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 of tho businesses as the; stand, without embarking m more speculative ventures, and j it is evident tbat tbe combination of the two 7 establishments under oue management must, result m increased profiis and largely diminisbed expenses. The combined businesses show a net profit ef over 15 per cent, and it is confidently expected tbat when conducted under one head, this may be considerably exceeded. The success which has attended the Gear Meat Company since its establishment as a , public Company, . shows conclusively that such businesses are more systematically and > advantageously worked and extended ivway than by private enterprise* and it 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 a very large interest themselve ;and i hey have agreed to place their services at the disposal of the Company for such tiipe at the Direst>rs may require, and not to engage m any businesses m competition with this Company. .■!■"■'■ The resources of the Wellington district, m the way of sheep and 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 tbe opportunity of a safe and profitable investment, whilst to stockowners it affords the means of ' securing a fair value for their produce. The Provisional Directors^ have ■ given their careftl consideration to the I Proposed Company, at ud have had subI vixtted to them oy their oum valuator I the de' ailed val'tions of the various I properties obe taken over. They hsl I theyca r : with confideneereconmend this ■ undertaking to the Public as one which is I entered upon on a fair basis, and, which U promises to yield a handsome, return ■on the capital invested, as well as by I the extension of the business adding to ■ the material prosperity of the City Hani the stockowners oj flte surrounding n I The Authorised Brokers are : — . ■Wellington— BEACON & BUSHELL ■ « — ARTHUR WAKBUR- ■ TON, & 00. ■Wairarapa— LOWES & JJtJNS, MasH terton ... ■.: -■ ■Wanganui— H. TILLY MoIIs— STEVENS & GORTON Keilding— HALCOMBE & SHRRWILL Kalmerston— SI'EVENS & GORTON Koxton -THYN NE, LINTONj & CO. . I From whom Prospectuses and all m H formation can be obtained, or from ■ HENRY WRIGHT, H : Interim Secretary, H-" Temple Chambers, I SPECIAL NOTICE. B JTftS LONDON, Dressmaker, re« Hu. quests that all messages, letters/ H' {trcels oi work intended for her may 2c ft at irs Huaoui) jq tbecq.iare, j iwiiom. they wi i be kept till called- {