■Vblwsgton\Slt PBWRW , m> EEFBIOBBATISa OOUPANT. (LIMIMD.) •'• '• Tobe Bettered l^H^ *** Companies' Aofc, -BW- , m .r ~~ -' „50,000. CAPITAL * v » In 6000 Shab_B.oi?Llo Bach. With power to increase Payable-Ten Shilling. «_ Ihilliowon -^^rteiitebfyive by Calls net exceedmß at the taw Shillings per -» onth P er Bba Provisional Directory. r^y The following .-Jj— Company's behalf mntol the app holAers .__ the permanent Boardb y ,h«Sb John T. Dalryniile, Esq., a . r • Bull^L . T? cn MO R. (Messrs Charles Johnston, Esci., a_.a-J*. \ Johnston & Co.) _ p Hon. RobertiCampbell, M.Li.^W. Waring Taylor, Esq. J. G. Wilson, Esq., M.H.K. Donald Fraser, Esq. -n«»na John McUnnan, Esq-. Oroua Do^ns Charles B. l^ard, Flbq, (Me^rs Izard anF. H. krull, Esq . (Messrs KtuU and Col Joseph Abbott, Esq. Wanganui J. McMennmen, Esq. Terawhiti . •- John Steven,, iq. (Messrs Stevens and Gorton,. Bulls) ■ ■ 'L, _i, James HmiVh, E^. Turnbull, Smith, and Co.)_ O. C. xMurray, Esq. (Messis Murray, Robetts, and Co) James Bull, Esq. Bulla ««.„„ A. H. Miles, Esq. tMessrs Murray, Robert, and Co,^ . John P. Russell, Esq. Wangai-Moana Alfred Matthews, Esq. Featherston Andrew Young, Esq. E. J. Riddiford, Esq. George Lusford, Esq. F.B^ Larkwortby, Esq. Carnarvon estate, Sanson^ i<.- ; ...'-.-.. v. ' X .:. With power to add to tdeir number. BiKKEBS ; Tho^Colonial Bank of New Zealand. Solicitors. Messrs Izard and Bell. Int_rim Skorbtart. Henry Wright. Temporary, Offices. Temple Chambers. All expenses m connection with floating the Company prior tp registration to. be borne by the Vendors. , ,-..■>-., The objects with which .this Company is projected are to purchase, 1 continue,- and extend the businesses ot Messrs J. and; H. Barber, and Woods,, Crosbie, , and Co., which have been so successfully carried on for many years past, consisting of six- retail shops, meat preserving- arid boiling-down plant complete, paddooks, yards, hor ses, carts, and 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, and the values having been ascertained by a competent independent valuator, and approved by tbe Provisional Directors, it is, proposed to take them over at the sum of L 18.789 6s 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 tb bear interest at tbe 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 Hi. ooo each, at any earlier date, at the option of the Company. AH book debts will be taken over as they now stand m the books, and they will be guaranteed at 20s m the pound by the vendors. Live stock, tallow, horses, carts, and several - smaller properties not already valued, vide -cti'edala.-.8, will be taken at a valuation on* delivery : but all other articles and property 'of Wbst kind soever will be . deemed to be included m the. valuation estimate of L 18 ,789 5s The Company will.be .registered as soon as 1.25,000. has been subscribed for, m addition to the paid-up shares to be retained by tbe Vendors, and the 1 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^tbeir own cost con tibne and complete thp' 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, orto amalgamate. with ariy other Company, or to purchase any. 'business established for that purpose, arid to mauuiactuie artificial manures or other products which may; be con. ordered legitimate adjunct', to the business : but for the present, at least, it is .. deemed prudent io lest satisCtd with the known profits of the bus'riessea'iis the; stand, without embarking m more speculative ventures, arid it is evident that ihe combination of the two establishments ondir one management rnus: result m increased profits and largely diminished expenses., . . ■ . %. The combined businesses, show a net profit ef over 15 per cent, and it is confidently expected that when conducted' under one bead, 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 arid extended ii» thin 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 themselve :arid 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 m any businesses m competition with this Company. The resources' of the' Wellington district, m the way o f . sheep and cattle, are so large and increasing, and the demand for preserved meals io Kngiand and elsewhere so much i.n 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 aff :rds the means of , securing a fair value for their produce. Tlie provisional Directors have given their careful consideration to the Proposed Company? and have liad submitted to them % their ownvaluator the de- ailed valwtions- of lite various properties , \obe taken over. They *esl they can with, confide nee recommend this underlaking,io tlie Pub f ie as one which is entered upon on. a foir. basis, and, which promises to yield a handsome return on the capttal,. invested, as wall as by the extension of . the business adding to the material prosperity of the City and the stockowners of flic surrounding districts. The Authorised Brokers are :—... Wellington— DKAOUN & BUSHELL *«.- , — ARTHUR WARBURr TON £[, '^O Wairarapa— LOWES & IRONS, Masterton Wanganui— H.TlLLY BuIIs— STEVENS.& GORTON _ Feilding-HALCOMBE & SHERWILL Palmerston— STEVENS & ? GORTOtf , Foxton -THYNNE, LINTON, & CO. 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Bibliographic details
Manawatu Standard, Volume 4, Issue 252, 26 September 1883, Page 4
Word Count
1,105Page 4 Advertisements Column 1 Manawatu Standard, Volume 4, Issue 252, 26 September 1883, Page 4
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