Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 5, Issue 1466, 25 August 1883, Page 1

) a o ! s ;p ! :'k' c, res x •■■''■ , ' :, A*W' l "'" : ' i ""■'.'•'' WELLINGTON MAT- I>HR;ERVING AND REFRIGERATING COMPANY (Limited).r:.. ...... . ■• ■ .. .m ju' i • ■■• . •. i ..■■■ • To bo Regiaterod uriddt '*Tho Johit Stock' Companies Act, 18bJ," CAPITAL ... ... ... £50,000'. Ins,oooShares of £loEach.'.' (With power 'to'increase); ' Payable-Ten Shillings on Application) Ten Shillings onAHotmeut j.rind subaequentlyij by Calls not oxceeding at tho rate of Fivo ■ Shillings per Month'per Share. provisional'(directory: ;; ' ]■ (Tho following Gentlemen will act on the Company's ./behalf until the appointment of the permanent 'Board by the Shareholders.) '' Charles Johnston; Esq., M.H.R. (Mossrs Johnston & Co,) Hon. Robert Campbell, M.LC. WJVaving Taylor, Esq. MS. Wilson, Esq., M.H.R, Fraser, Esq. 'VJohn MoLennao, Esq., Oroua Downs Charles B. Izard.Esq., (Messrs Izard & Bell) F,A.Krull,Esq,(Mes3VßMls!Co.) Joseph Abbott, Esq., Wangamii J. MoMannaman, Esq., Tcrawhiti John Stevens, Esq. (Messrs Stevens and, , Gorton, Bulla) | James Smith. Esq (Messrs Turnbull, Smith *Co.) O. C. Murray, Esq. (Messrs Murray, Roberts &Co.) : ■ James Bull, Esq., Bulls A, H. Miles, Esq. (Messrs Mossrs Murray, Roberts & Co) JohnP. Russell, Esq.. Wangai-Moana ' Alfrod Matthows, Esq., Fcatherston Andrew Young, Esq, E. J. Riddiford, Esq. George Luxford, Esq. John T.Dalrymple, Esq., Bulls ' F. B. Larkwoithy, Esq., Carnarvon Estate, Sanson. With power to addto their number. Bankers: Tho Colonial Bank of New Zealand. Solicitors : Messrs Izard and Bell. I Interim Secretary : ' Henry Wright, Temporary Offices : Temple Chambers. All expenses in connection with floating the C>mpany prior to registration to be borne bj the Vendors, The objects with which this Company is projected are to purchase, continue, and extend the lusiness of Mesrrs J. and H. Barber, and Woods, Crosbie, and Co., which havo been so ' successfully 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 necessary for conducting the extensive business which now exists. A schedule of the various properties used io the business is appended at foot, and the 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 £18,789.68. (vide Schedule A), of which the proprietors will return in paid-up shares the sum of £12,000, leaving the balance to bo paid out of oalls, and to bear intorebt at tho rate of 8 per centum per annum; the payment tooxtendovera maximum period of five yea:s, or to bo roduced by instalments of not less than £IOOO each, at any earlier date/ at tho option of the Company. ' All bosk debts will be taken over as they now stand in tho books, and they will la guaranteed at 20s in the pound by tho vendors. Live stock, tallow, horses, earts, and several smaller properties not already valued (vide Schedule B) will bo taken at a valuation on delivery; but all other articles and property of what. kind soever will ha doomed to be included in the valuation estimate of £18,789 sa, The Company will ho restored as coon as £25,000 has been subscribed for, iu addition to the paid up shares to, be retained bv the toiivuio, uuu mo snarenwaers win tnen oe called together to elect a uermanout Board and adopt Articles of Association. On the registration of the Company, Messrs Barber sill at their own cost coatinuo and complete tho erection of a large new slaughterhouse 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 amalgamato with any other Company, or to purchaso any businos" established for that purpose, and to manufacture artificial manures or other products which may be considered legitimate aljnnots to the business j but for tho present at least, it is deemed prudent to rest satisfied with tho known profits of tho businesses as they stand, without embarking in more apeculativo ventures, and lit 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 of over 15 per cent, and it is confidently expeoted that when conducted under one head this may be considerably exceeded. The BHccess which has attended the Gear Meat Company since its establishment as a public Company, bliowb exclusively that Buch businesses are more systematically and advantageously worked and extended in this way than by private enterprise; and it is for this reason that Mesirs Barber, and Woods, Crosbie and Company are willing to sell their respective businesses to a Company, while still retaininga very largo interest' thomselVes; and.they have agreed to place their'Sfiniqej at the disposal of tho Company for aach timeTrs the Directors may require, and not to engage in any business in competition with this Company, < The resources of the, Wellington distriot, in the way of sheep and cattle, are so large and increasing, and tlia dejiand for preserved meats in England and elsewhere so muoh in excess of the supply, that a business of this kind is capable of almost infinite ex. tension, and presents to capitalists the opportunity of a safe .and profitable investment, whilst to stock-owners it affordb the means of securing a fair value for their produce. The Provisional Direcsors have given THEIR CAREFUL considerationto'i HE. PROsKcrß o? ihb moro£ED Company, and HAVE HAD SUBMITTED To THEM BY THEIB OWN VALUATOR THE DETAILED VALUATIONS OF IHE VARIOUS PROPERTIES TO BETAKEN OVER, THEY MEL THEY CAN wrra CONFIDENCE RECOMMEND THIS UNDERTAKING TO TIIH PUBLIC AB ONE WHICH I< KMRUBI) WON ON A PAIR BASIS, AND WHICH rmxi la •!••■■ YIELD A HANDSOME BETDR.'* ON IMb CWtAL INVESTED, AS WELL AS BY TliK KOTSI.)* 01' THE BUSINESS ADDINO TO THE MATERIAL PROSPERITY OF THE OITY AND THE STOOKOWNErY OF'tHE SORROUNDINO DISTRICTS; The Authorised Brokers are, Woltington-DEACON & BUSHELL » -ARTHUB WABBDRTOS'i' CO. Wairarapa-LOWES A lORNS, Masterton Wanganni-H. TILLY Bulls-STEVENS & GORTON Feilding-HALCOMBE & SHERWILL Palmerston North-STEVENS & GORTON Foxton-THYNNE, LINTON, & CO. .: From wbo.n prospectuses and all information can be'obtained, or from " ' HENRY WRIGHT, Interim Secretary, 1460 ~ Ttmple Chambers,