Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 6, Issue 1467, 27 August 1883, Page 1

P:R'.,o.i.s p e ;.:o : t. ut s OFTIIK • ~ '.■.; WELLINGTON' MEAT PRE ERVING AND REFRIGERAI L\Y) t'OMi'ANV" 1 ' (LlMirsu). To bo Registered under "Tho Joint Stock Companies Act, 18B2." CAPITAL ... ~7, „. m 0 1k5,000 Shares of £lO (With power to increase), Payablo-Tcn Shillings on Application; Ton Shillings on Allotment; and subsequently by Calls not exceeding at tho rate of Fivo • Shillings per Moflth per Share. PROVISIONAL DIRECTORY: (The following. Gentlemen will not on tho Company's behalf until tho appointment of the permanont Board by tho Shareholders.) Charles Johnston, Esq,, M.H.R, (Messrs Johnston & Co,)"' 1 " Hon.Robort Campbell, M.L.C. W. Waring Taylor, Esq. J. G) Wilson, Ksq.,M.H.R. • ' n -fJdFraser,Esq. n McLennan, Esq.. Orona Downs Charles B. hard, Esq:, (Messrs Izard & Bell) F. A. Krull. Esq. (Messrs Krull i Co.) I Joseph Abbott, Esq, Wanganui , ' J. MeMahnaman, Esq., Terawtiiti John Stevens, Esq. (Messrs Stevens and Gorton, Bulls) James Smith, Esq (Messrs Turnbull, Smith '' 4 Co.) C. C, Murray, Esq, (Messrs Murray, Roberts &Co.) James Bull, Esq., Bulls A, H. Miles, Esq. (Messrs Messrs Murray, Roberts & Co) John P. Russell, Esq., Wangai-Moana Alfred Matthews, Esq., Fcathoratoa Andrew Young, Esq, E. J. Riddiford, Esq. George Luxford, Esq. I John T. Dalrymple, Esq., Bulla F. B. Larkwoithy, Esq., Carnarvon Estate, Sanson. With power to add to their number. Bankers : j The Colonial Bank of New Zealand. Solicitors; I Messrs Izard and Bell. Interim Secretary .• Henry Wright. Temporary Offices : Temple Chambers. All expenses in _ connection with floatiug the Company prior to registration to be home by the Vendors. The objects with which this Company is projected are to purchase, continue, and extend tho lusiuesa of Mesrrs J. and H. Barber, and Woods, Crosbie, and Co., which havo been so sncctssfully 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 in 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 tho sum of £18,789 5s (vide Schedule A), of which the proprietors will return in paid-up shares the sum of £12,000, leaving tho balance to bo paid out of calls, and to bear interest at the rate of 8 per centum per annum; tho payment to fiitend over a maximum period of livo yca:s, or to bo reduced by instalments of not lees' than £IOOO each, at any earlier date, at tho option of tho Company. All book debts will be taken over as thoy now stand in tho hooks, and they will bo guaranteed at 203 in the pound by tho vendors. Live stock, tallow, horses, carts, and soveral smaller properties not already valued (vide Schedule B) will bo taken at & valuation on delivery;' but all other articles and property of what kind soever will be deemed to bo inoluded in tho valuation estimate of £18,789 ss. The Company will bo reuisferod as soon as £25,000 has been subscribed for, in addition to tho paid up shares to be retained by the Vendors, and tho shareholders will then bo called together to elect a permanont Board and adopt Articles of Association. On tho registration of tho Company, . Messrs Barber will at their own cost continuo ■ and complote tho erection of a large now slaughterhouse at Ngahauranga, and will remove thoro, from its present position in Willis-street, tho whole of their meat prosorving 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 amalgamato with any other Company, or to purchase any business established for that purpose, and to manufachro 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 stand, without embarking in more speculative ventures, and t it ia evident that the combination of the two establishment under one management must result in increased »nlih ~J I«.«»i„'j:_:_:.l.i lbmed businesses show a net r'»™ "' w'M 15 per 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, Bhows exclusively that such businesses aro 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, n '"^ u l and Company are willing to sell IB ft VfifU lornn intoiW themselves; and they havo agreed to place their Eorvices at the disposal of tho Company I for such time as the Directors may require, and not to engago in any business in competition with this Company, . t The resources of tlio Wellington distriot, in tho way of sheep and cattle, are so largo and increasing,, and the demand for preserved meats in ' England andelsewhere so muoh in excess of tho supply, that a business of this kind is capable of almost infinite extension, and presents to /capitalists the opportunity of a safe and profitable invest* ment, whilst to stock-owners it affords the means of securing a fair value for lieir produce., THE PROVISIONAL DIfiECSORs HAVE GIVEN THEIR CAIUWDL CONSIDERATION TO 'iHK PR9SS JECTS OF THE IROroSED COMPANY, AND HAVE HAD BUBIIITTED To THEM BY.<JHEIB OWN VALUATOR ME DETAILED VALUATIONS OT THE YABIOOB PROFEHTIeAto RETAKEN OVER, THEY' KEL'fHKV OAS W.fHCONFIDENCE RECOMMEND THIS IWpEllTAljrt'g TO TUB PUBLIC AB'ONE which McvfEmi ci'ox on a fair basis, AND WHICH IMIOSIMK T-i YIELD A HANDSOME totillNoXi,lliU.m.\l, INVESTED, AS WELL % BY TUB KXrK.VfcMy OF TUB BUSINESS ADDINO TO THE SIATKIIIAI. I'IIOSI'EBITY 01? THE CITY AND THE STOCKOWNKHS OF THE SDRROUNDIKO DISTRICTS, The Authorised Brokers are . Wellington-DEACON & BUSHELL / .. -ARTHUR WARBTJRTOM & CO. Wairarapa-LOWES k lORNS Masterton Wangauui-H, TILLY ' Bulls-STEms &GORION '' Feilding-HALCbMBE & SHERWILL Palmerston Kortb-STEVENS & GORTON Foxton-TBYNNE,LINTO\£CO, Frora who.n prospectuses and all information can bo obtained, or from ... HENRY \VBIOHT, . Interim Secretary, 14S0 ' . Temple Chamfers.