Page 3 Advertisements Column 6

Patea Mail, Volume IX, Issue 1077, 24 August 1883, Page 3

Public Announcements. balance to be paid out of calls, and to bear interest at the rate of 8 per centum per annum ; the payment to extend over a maximum period of five yo.us, or to bo reduced by instalments of not less than LIOOO each, at any earlier date, at the option of the Company, AH 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 uenders. 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 will be deemed to be included in the valuation estimate of £18,789 ss. The Company will be registered as soon as £25,000 has been subscribed for, in addition to the paid up shares to be retained by the 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 continue and complete the erection of a large new slaughter-house at Ngahauranga, and will remove there, from its present position In Willis-street, the whole of their meat-preserving machinery and plant. It is intended to take power in the Memorandum of Association to enter upon the business of freezing meat for export, or to amalgamate with any other Compan}', 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 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 increased profits and largely diminished expenses. The combined businesses show a net profit of over 15 pei cent, ond it is confidently expected that when conducted under one head, this may be considerably exceeded. . The success which has attended the Gear Mean Company since its establishment as a public Company, shows conclusively thot 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 businesses 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 business in competition with this Company. The resources of the Wellington .district, in the way of sheep and cattle, are so large and increasing, and the demand for preserved meats in England and elsewhere so much in 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 seeming a fair value for their produce. The Provisional Directors have given their careful consideration to the prospects of the proposed Company , and have had submitted to them by their own Valuator the detailed valuations of the various properties to be taken over. They feel they . can with confidence recommend this undertaking to the Public as one which is entered upon a fair basis, and which promises to yield, a handsome return on the capital 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. t The Authorised Brokers are : Wellington—DEACON & BUSHELL „ —ARTHUR WARBURTON &CO. Wairarapa—LOWES & lORNS, Masterton Wanganui—H TILLY BuIIs—STEVENS & GORTON Fielding—HALCOMßE & SHERWILL Palmerston North—STEVENS & GOB TON Foxton—THYNNE, LINTON, & CO From whom Prospectuses, and all infer*, mation can be obtained, or from HENRY WRIGHT, Interim Secretary, Temple Chambers. Patea Steam Shipping Co. Limited. THE Company’s splendid new screw steamer WAVERLEY, will leave for NELSON and WELLINGTON (weather and, other circumstances permitting) on SATURDAY (TO-MORROW) AT 1. Cargo must in all cases be booked and passage tickets obtained through the Office. Orders for delivery of goods can only be obtained at the Office, and any complaints as to non-delivery of cargo and other matters should be referred to the Manager, to ensure attention. Through shipments are undertaken by the Company to and from all the principal ports in New Zealand and the Australian colonies. ‘ _ For freight or passage and every in formation, apply to EDWD. C. HORNER, Manager. To "Wellington Direct, THE s.s. NAPIER, Capt. Fisk, will leave Patea for Wellington on MONDAY, at 5 p.m. Freight, 15s per ton. W. COWERN, « Agent. JAMES gENWORTHY, BOOKSELLER AND STATIONER, Having decided to leave Patea early in September, is offering BARGAINS to Gash Purchasers,or the Business for Sale. as a going concern. Premises at moderate rent. Prompt Settlement of old Accounts respectfully requested. N.B.—Arrangements will be made to continue the supply of English Magazines, Literature and Newspapers, as well as School Books, whether the business is sold or not.