Page 1 Advertisements Column 2

Patea Mail, Volume IX, Issue 1087, 17 September 1883, Page 1

Prospectus OF THE ’ TTTELLINGTON MEAT • PRESERV•VV ING AND REFRIGERATING COMPANY (Limited), p : To bo registered under “ The Joint Stock Companies Act, 1882.” Capital - ••• £50,0d0 In 5000 Shares op £lO each ; i (With power to increase). Payable—Ten Shillings on application ; Ten Shillings on allotmentand sub- . . scquenlly by Calls not exceeding at the rate of-Five .Shillings: per-month per Share. -... . , .. Provisional Directory. (The following gentlemen Will act on the Company’s behalf until tho appointment ; of the permanent Board by the Shareholders.) Charles ' Johnston, Esq,. M H R (Messrs Johnston and Co) Hon Robert Campbell, M L G W Waring Taylor, Esq : J G.'Wilson, Esq, MH R - - Doriaid .Fraser, Esq . , John" McLennan, Esq, Oroua Downa, Charles B Izard, Esq (Messrs Izard' ’and Bell) F A Krull, Esq (Messrs Kruli and Co). Joseph Abbott, Esq, Wanganui J McMenamen, Esq, Terawhiti . * ; ■Johtt'‘SteveriSj Esq (Messrs* Stevens andoh j .Bulls) Jaraes ( Smillj,,Esq (Messrs Turnbull, Smith. . ’.and Co). , C ! C Murray, Esq (Messrs Murray, Roberts, and Co.) ' James Bull, Esq, Bulls ■ • John TDalryrnple, Esq, Bulls i A H Miles K Esq^(Messrs Murray, Roberts,* and Co) JohniKHu ssel 1 j Esq, WArigm-dMban a \ Alfred Matthews,''’Esq., Featherston | ... Andrqw, Young, Esq | E J ‘Riddiford^,Esq,, ! r George Luxfprd,, Esq- :f - F- ! B Larkworthy, Esq, Carnarvon Estate, Sanson' - , • ■ ; With power to-add to their number. - : • ■ Bankers : 1 - ' " Tito Colonial Bank of New Zealand. ' ' Solicitors :•*. ~' .‘ ■ ,■ Messrs Izard and Bell .• Broker;. . ~ v ■ . W Axup' . Interim 1 " • ■ Henry, Wright Temporary Offices : • , i; Temple Chambers , r , All expenses imconnection with floating the .Company,prior Ip .Registration to jbe r borne by the Vendors. j : 4 The objects, with which this Company;’ is projected are to purchase, continue, and; extend' the’busiri'e&ses’of Messrs J'and H Barber,-and Woods, Crosbio and Co, which have been ; so 1 y carried on Tor many years , past, consisting of six, retailsimps, meat preserving and boilmg-dqwn' 'plant’' completer, *■ 'yards'j : hbrSes, i carts, and all'the appliances necessarylforf ' conducting the .extensive business which new exists. ... ■ u A schedule of the ..various. properties used’in the businesscs is appended at 'and the values!having’been ascertained by’ a competent, independent ; valnator,/andl by the Provisional, Directors,;it is proposed to fake them' over at the sum f . of £18,789„5s (.vide Schedule A), of wliicb the proprietors ,willretain in paid-tip shares-the siini l of i?l’2,(jo()f leaving tye 1 ' balance to be paid out of calls, and ltd 2 bear interest at the rate’ of : B*per centum ,per annum ;, ,t ; b*e,payment to extend over as h^axidiura 5 period', ; 6f five years, or to he reduccd’by: instalments’ of “ not less than . LlOOOs'eapbjsat any .e.arlieT/date,.. at the option of the Ppm pany, ~i j ’ All Boole',’ ’dents‘"’will' be' taken over asthey hdw sfandlhthe’boblfSi and lhey will die guaranteed at2osinthe pound 'by ! the.luenders. risLjveistock, tall o)Vj-horses,,carts, ; sapd several, sn?al,ler pfopertiepppt;^alrpady.. yalue.d (vide Schedule B) wijl be taken pg ? a : valuation ori’ deliyeVy p nut all 'other artidles and'property of what kind 1 soever will be Included in- the': val The„Cfqmp_apy-.wUl as soon . as ■has' Wefew l -sahscribed- for, .jipi addition to the paid up'shares , to be retained by We Vendors,’ and the sharehph ders will themhe -called together to elect’ . Board arid * adopt Articles [of 1 f Association... - . ' • .V'.•'*- ' <: ?T r' * jQn the registration, > of- .the« Company, Messrs Barber .will at. their own cpst.cpn-: tiriue,and.complete the erection of a. large.. at Ngahaurarig'a) arid, will remove there,"ffotfT its present popiBoriTinlWillisrMreetvCthe'whrilei'rif thpi'f 1 meat-preserving mMhijP er y and plant, f It is intended;- to take power in the Mempjandum. ,o£ Association-j to enter upofi fhe‘ business of freezing 1 meat for • export, nr to amalgamate with any other. ■.Coiripariy,' or I to " purchase , any, business * r established for that ! purpose, rand to manufacture artificial manures; f pr. other products which may be considered’ legitimate adjuncts to the business ; hut for the present, at least, it is deemed prudent to rest 1 satisfied with the known, ’profits of the 1 businesses as they stand;, without t embarking in. more, speculative, ventures, and-lt is evident that the combination: of We twp establishments under' one management must fesultfin increased profits and largely diminished expenses: The pombjnedi businessesi show r a net profit* of over 15 pel cent,'srid it is confidently expected “that when conducted under one head, this may be considerably exceeded. hj !i The success, which has attended the Gear j Meat Company since its establish-’ ment as ,a public Company, shows conclusively tbot such businesses are more systematically and advantageously worked and ’ extended ih this way than by ;private enterprise ; ...and.- ; it, is, for this : reason -that Messrs Barber, pnd Woods, Crpshie 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