Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 5, Issue 1463, 22 August 1883, Page 1

) R.O S P. E 0 T US WELLINGTON- MEAT PRESERVING AND REFRIGERA L'LNG .COMPANY (Limited). :■.,,. To be Registered under "Tho Joint Stock ■ Companios Act, Hte'2." ' ' ■ ' : . " . CAPITAL ... ... ,' „; fuO.OOOi, ' 1h.5,000 Shares of £lo,Each,. i r 1 '(With power to increaso), 1 ' < ' ',. Payablo-Ten Shillings on Applicatiort j. Tbii Shillings on Allotment; and subsequently by Calls not exceeding at the rate of Five Shillings per Month pot Share. ': PROVISIONAL DIRECTORY : .. (The" following Gentlemen will act on the %£.-; Company's behalf until the appointment jjJyT of the permanent Board by the Shares n.". , holders.)' ... Charles Johnston, Esq., M.H.R, (Messrs Johnston & Co.) Hon. Robert Campbell, M;L.C. W. Waring Taylor, Esq. J. G.Wilson, Esq., M.H.R. Donald Eraser, Esq. John McLonnan.Esq., Oruu'a Downs Charles B, hard, Esq., (Messrs Izard & Bell) , P. A. Krull; Esq. (Messrs Krull £ Co.) , Joseph Abbott, Esq:; Wanganui '. J. McMannaman, Esq,, Terawhiti John Stevens, Esq. (Messrs Stevens and Gorton, Bulls) James Smith. Esq (Messrs Turnbull, Smith & Co.) C. C. Mnrray, Esq, (Messrs Murray, Roberts <fcCo.) James Bull, Esq., Bulla A. H. Miles, Esq. (Messrs Messrs Murray, Roberts & Co) John P. Russell, Esq., Wangai-Moana Alfred Matthews, Esq., Featheraton Andrew Young, Esq. E, J. Riddiford, Esq. George Luxford, Esq. John T. Dalrymple, Esq,, Bulls With power to add to their number. Bankers: Tho Colonial Bank of New Zealand. Solicitors : Messrs Izard and Bell. Interim Secretary : Henry Wright, Temporary Offices : Temple Chambers. All expenses in connection with floating, the Company prior to registration to be borne by the Vendors, The objects with which this Company is . projeoted aro to purchase, continue, and extend the business of Mcsrrs J. and H. ; Barbor, and Woods, Crosbie, and Co., which have been so successfully carried on for many years past, consisting of six retail Bhops, meat preserving and boiling-down plant'complete, paddocks, yards, horses, carts, and all appliances necessary for conducting the extensive business which now ' exists. ".'.;: A schedule of the various properties used lb the business is appended at foot, and tho values having been ascertained by a competent independent valuator, and approved of by the Provisional' Directors, it is proposed to take them over at the sum of £18,789 5s (vide Schedule A), of which tho proprietors will return in paid-up shares the sum of £12,000, leaving the balance to; be paid out ol calls, and to bear iuterost at the rate of 8 per centum per annum; tho payment to oxtend over a maximum period of five yea:s, or to be reduced by instalments of not less than £IOOO each, at any earlier date, at tho option of the Company. ' All book debts will bo taken over as they now stand in the books, and they will bo guaranteed at 20s in the pound by tho vendors. Live stock, tallow, horses, carts, and several smaller properties not already valued (vitlo Schedule B) will be taken at a valuation on delivery; but all other articles and property of what kind soever will be deemed to bo included in tho valuation estimate of £18,789 ss, The Company will be reuisfered as soon as £25,000 has been subscribed for, in addition Vendors, and tho 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 continuo and complete the erection of a large new slaughterhouse at Ngahauranga, and will remove thore, 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 tho business of freezing meat for export, or to amalgamate with auy other Company, or to purchase any busines' established for that purpose, and to manufacture artificial manures or other products which may bo considered legitimate adjuncts to the business j but for the presont at least, it is deemed prudent to rest satisfied with tho known profits of tho bußinessos as they stand, without embarking in more speculative ventures, and -it is evident that the combination of the two establishment under one management must result in increased profits and largely diminished expenses, The combined businesses show a net profit o( over 15 por cent, and it is confidently expected that 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 exclusively that such •i" busiuesses are more systematically and adI vantageously worked and extended in this v. way than by private enterprise; and it is for / this reason that Messrs Barber, and Woods, Crosbie and Company aro willing to soil > "•. their respective businesses to a Company, \ while still retaining a very large interest ..'■ themselves j and they have agreed to plaoo their serviocs at the disposal of the Company ; for such time as the Directors may require, and not to engage in any business in com- ( potition 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 stock-owners, it affords the moans of securing a fair value for their ' produce. '" ' ■■ 'The Provisional Dirkosors. have-given their careful consideration to this pr9s- ,. .'jHSCIB ,OF TDK IROroSED COMPANY, AND . HAVE, HAD SUBMITTED TO THEM BY THEIR OWN . ', VALUATOR THE 1 DETAILED' VALUATION'S' OF, THE ' VARIOUS PItOPKRTIES TO BE TAKEN OVER, THEY lllh THEY CAN WIl'H CONFIDENCE RECOMMEND THISUKI)EIITAW>G 10 THIS POBLIO AS^ONE WHIOU UTTERED UPON OS A PAIR BASIS," , AND WHICH KOiirfe-riSviBLD A'tfitoSOMß, ■ BRTDRN o.\ Till, CMTAIi INVESTED, A's! W,ELL' AS BY THE KXTEXSM? OF THE BUSINESS ADD: INO.TO/THE MATERIAL PROSPERITY OP'THE CITY AND TUE' STOOKOWNERB OF'tHe' BURBOUNDING DISTRICTS';' ' ' : ' ' The Authorised Brokers are. Wellington-PEACON & BUBHELL .'"■.„ '--ARTHUR WARBURTON-& ■ - ■."-<■< ■■■ co/ 1 ■•-■■■' . ..■•: , Wairarapa-LOWES & IORN8: : Masterton ; ;,Wanganui-R TILLY . ,'..',; ,; .BuIIspSTEVENSft GORTON: ■ ■ Feilding-HALCOMBE fi'SHEitflLL ' ■" Palmeriton Nortb-STEVENB & GORTON Fnxton-THYNNE.'LWTOK, &CO. . From whom prospeotuses and all informa- • ( tion can be obtained, or from . HENRY WRIGHT, Temple Chambers,