Page 3 Advertisements Column 6

Patea Mail, Volume IX, Issue 1066, 30 July 1883, Page 3

Prospectus^ supply of prime meat, in first-class condition, during our hot summer weather as well as in winter. The well-known large loss of meat in hot weather, for which the retail purchaser has in reality to pay, will be corapletaly avoided by utilising the Company’s chilling stores. Provision will also be made for Cool Chambers for Dairy Produce, Butter, Cheese, Milk, and a separate Chamber for Fish supply. Connected with this Branch of the Comoany’s business will be the manufacture of Ice, which will be made on a large scale and sold (still at a large profit) at very much lower rates than have yet been known in Auckland. It is not intended to confine the operations of the Company to the Provincial District of Auckland. It will seek to collect stock and produce from other portions qf the North Island, and will either directly itself, or with the co-operation of other districts, provide suitable local means and appliances and transit by which the Company’s constituents can reap the benefits of the Company’s storage and export facilities and market in Auckland, England, and other places. Mr Banks is now in America, and will, at Chicago, engage Experts in the Canning and Meat Preserving trade. Though New Zealand meat is admitted to be superior to American, yet superior skill and knowledge of the trade has hitherto enabled America to supply a better article in tinned and preserved - meats, than any supplied from New Zealand or the Australian Colonies. This difficulty the Directors hope shortly to overcome, and soon to be able to supply' tinned and preserved meats that will compete with that of the best houses of Chicago. The demand throughout Europe and the East for tinned and preserved meats of (bis class is practically unlimited, and a direct trade between Auckland, India, China, and Japan is gradually growing up. The Canning of Meat on a large scale, and in the first-class mode proposed, will practically be a new industry among us that will give constant employment to a considerable number of workmen, and will also utilise a large quantity of meat in a much more advantageous and profitable manner than is at present .possible, as the Company will have the option of canning or freezing it. As the General and Export Stores which the Company will immediately erect in Auckland, on their railway and wharf site, will be most commodious, and will have all possible labour-saving appliances, they must command the support of the Merchants of Auckland. For, being connected with both the railway and the deep-water wharf, they will afford the very best position for the economic storage of merchandise, whether arriving coastwise or by road or rail, and whether intended for shipment, or for any part of the interior. A very perceptible saving in cartage will be effected by using these stores—as goods placed in them can easily be forwarded either coastwise or by rail.

The Island trade, both import and export or which Auckland is the natural centre, is in its merest infancy, and is capable of great expansion at no distant date. And facilities which this Company will provide for collecting and storing, and for shipping at short and regular intervals, the varied and valuable products of the Islands, will largely promote the rapid increase of the trade between Auckland and the Islands. The want of sufficient outward cargo from, and the long detention of vessels loading at this port have very much militated against it as was recently im pressed upon the Harbour Board by a gentleman representing Glasgow shipowners. The operations of this company will largely remove, such reproach by being able to have cargoes of meat (frozen and tinned), and agricultural, island, and other produce ready, at stated intervals, to load a steamer or other vessel in the quickest possible lime, and to give, what is so essential for successful steam services, really quick despatch. They will thus make practicable a regular line of steamers trading between this port and London, making the voyage in less than one-half the time occupied by sailing ships. Such a service will be of very great value to the commercial interests of the port, and, coupled with the regular export of moat and agricultural produce by it to London, will prove a very powerful stimulus to immigration to Auckland of capitalists,.farmers, farmlabourers, and of artisans. For the fact that New Zealand beef and mutton, equal in quality to the best "that the rich pastures of Scotland and England produce, are regularly shipped to and sold wholesale in London at a little more than half the retail price in the Metropolis and large towns of England, will be more convincing to the English mind of the abundant agricultural resources and advantages of this colony, than the best printed statements, or the most eloquent addresses of immigration agents. Stockowners and farmers generally by the operations of this Company, will secure what is of the greatest importance to them, viz - : —A Steady Market at Fair Prices in all Seasons. The shares of the Company are of such an amount as to be within reach of all classes. The desire of the Directors being ’that the Company should be a Great Co-operative concern, with all the advantages derivable from abundant capital, economical and skilled management, the best mechanical and labour-saving applicances, and with a largo body of shareholders directly interested as producers and shippers. While there can be no doubt of the Company being a dividend-paying concern at an early date, through the Company having absorbed a profitable business, it will be of great benefit to stockowners and farmers to become shareholders, as they thereby assist to provide for themselves a steady and regular market for their produce, at paying rates, all the year round ; glutted markets and nominal prices being rendered impossible to those farmers and stockowners who have an interest in, and avail themselves of the services of the Company. The Shareholders will have the first claim on the Company’s services. Country settlers as well as the large farmer and stockowners can reap the benefits which this Company will inevitably confer on the agricultural and pastoral interests of this and surrounding districts. Applications for shares to be made to the acting Secretary, Mr A Boardman, at the Office of the Company, No 125, Queenstreet, where forms can be had, on or before the first day of August prox. The application, allotment, and further payments, named on account of' shares, can be made to the Bank of New Zealand, Auckland, or to any of its Branches. The Memorandum of Association and the Articles of Association can be seen at the Office of the Company, or the office of the Solicitors of the Company There are no Promoters’ Shares and no Money Paid to Promoters, If more shares are applied for than can be allotted, the allotment will b &])ro rata. While the Directors have njade provision for a large Capital, it is intended to avoid calling it up unnecessarily. They will doubtless be able to obtain money for the Company’s purposes at low rates of interest. Auckland, July 18, 1883,