Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 5, Issue 1465, 24 August 1883, Page 1

) R 0 -S-'--P E 0 T :U: S OF TUB . .; 'in WELLINGTON MEAT. PRESERVING' AND REFRIGERATINGCdMI'ANY' . ' (LlMITO). "','' ! ; To bo Registered undor ','Tho Joint Stock Companies Act, 1882,'' ;„ : ; CAPITAL ... ~~„ ;,„ £ soi oo o ' In 5,000 Sharks of £lO Each. ' ; (With.power to increase), ; Payable—Ten Shillinga on Application; Ten /•.Shillings on Allotment; (indsubsequently by Calls not exceeding at the rate of Fivo Shillings per Month por Share. '* PROVISIONAL DIRECTORY I ' (The following Gentleitieh'will act on the j Company's behalf until'tho appointment • permanent .Board by, .the Sharejfharles Johnston,. Esq,, ;M,ER, (Messrs •'.: . f Jobnston & Co.), Hon, Robert Campbell, M.L.C., % Waring Tavlor, Esq. J: G.Wilson', Esq., M.ER, " Do'nald'Pi'as'er, Esq. John'MoLennan, Esq., Oroua Downs Charles B. Izard, Esq., (Messrs Izard & Boll) M. Krull, Esq. (MessrsKrhll'ACo.)' Joseph Abbott, Esq, Wanganui Joseph Abbott, Esq, Wanganui J. McMannaman, Esq., Torawhiti John. Stevens, Esq. (Messrs Stevens and Gorton, Bulls) James Smith. Esq (Messrs Turnbull, Smith &Co.) C. C. Murray, Esq: (Messrs Murray, Roberts • * Co.) James Bull, Esq., Bulls " A. ft Miles, Esq. (Messrs Messrs Murray, ' Roberts k Co) John P. Russell, Esq.. WaiYgat-Moana Alfred Matthews, Esq., Featherston Andrew Young, Esq. E. J. Riddiford, Esq. George Luxford, Esq. John T.Dalrymple, Esq;,Bulls F. B. Larkworthy, Esq., Carnarvon Estate, Sanson. • ... , With 'power to add to their number. Bankers: The 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 Cwnpany prior to registration to be bomo by the Vendors, The objects with which this Company is projected are to purchase, continue, and extend tho business ol Mesrrs J, and' H. Barber, and Woods, Crosbie, and Co,, which have been so Bnccissfully carried on for many years past, consisting of six retail shops, meat preserving and boiling-down plant 'Complete, paddocks, yards, horses, carts, and all appliances uecessary for con. ducting the extorsive business which now exists. A sohedulo of the various properties used in the business is appended at ! foofc,'nntltiiu 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 wjiiclwhe proprietors/ will rotn'rn in paid-up shares the sum of £12,000, leaving tho balanco to be paid out ol calls, and to bear interest at the rato of 8 per centum per annum; the payment to eitond over a maximum period of live yoais, or to be reduced by instalments of not less than £IOOO each, at any earlier date,.at the option Of the Company. All book debts will be taken over as thoy now stand in the books, and they will be guaranteed at 20s in the pound by the vendors. Live stock, tallow, horses, carts, and several smaller properties not already valtiod (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 bo included in the valuation estimate of £18,789 ss. The Company will be registered as soon as £2j,000 has been subscribed for, in addition to the paid no shares to bo retained by the 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 largo new slaughterhouse at Ngahauranga, and will remove thero, from its present position in Willis-street, the whole of their moat proserving machinery aud 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 any other Company, 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 tho present at least, it is deemed prudent to rest satisfied with the known profits of the businesses a3 thev atom! mtUrml '.™V._l.: !.. J -»mu, ....uvuu cmuaiiuuj/ in more speculative ventures, and,it is evident that the combination of tho two establishment under one management must result in increased profits and largely diminished expenses. The combined.'businesses show a net profit of over 15 per cent, and it is confidently expeoted that when conducted under m it^ tbia may be consi(le rably exceeded. The 1 success which has attended the Gear HeM Company since its establishment ai a pubjio Company, shows exclusively that such businesses are more systematically and advantageously worked and extended in thiß way than by private enterprise; and it is for thu Mjmn that Mesirs Barber, and Woods, Company are witting to sell 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, in any business in competition with this Company, _ The resources of t!io Wellington distriot, in the way of sheep and cattlo, are so large and increasing, and the demand for pre»orvd meats in England and elsewhere so much m excess ol the Bupply, that a business of this kind is capable of almost infinite extension, and "piresSnis" to--capitalists the opportunity of a safe and profitable investment, whilst to stock-owM's it affords the THEIR CAREFUL CONSIDERAIfe TO THE PROS- I PEDIS OF THE PROroBEBKOMPANY, AND HAVE HAD SUBIIITrED TO THfSI BY THEIR OWN VALUATOR THE HTAXW) VALUATIONS OF THE VARIOUS FROPKRTIEB TO BETAKEN OVER, THEY KELTHEY CAN WITH CONFIDENCE RECOMMEND THIS UNDERTAKING TO THR POBLIO AS ONE WHICH I< KNTEiIKO UPON ON A FUR BASIS, ANP WHICH IMIO3IISK3 To YIELD A HANDSOME BBTDRN ON T..K C ,m.H INVESTED, AS 'WELL ASBYTUK KXTIiXSIOF OF The BUSINESS ADDV, INO TO THE MATERIAL PBOSFRBITY OF THE CITY AND THE STOOKOWNEKB OF THE BURKODNDINO DISTRICTS, The Authorised Brokers are. Wellington-DEACON & BUSHELL „ -ARTHUR WARBURTON &' co. ■■■■-, <fc lORNS, Mastorton Wangannt4-H.:TILLI . air' ■•• Bulls-STEYENS & GORTON .')/■:. -•!■. Feilding-HALCOMBE & SHERWILL Palmerston North-STEVENS &60RT0N Foxton-THy r ffIE,LLNm,&CO. Frotn who.n prospectuses and'all inforina- ■ tion can be obtained,•'or from " HENRY WRIGHT, Interim Secretary, H6O Temple Chombers,