Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 5, Issue 1468, 28 August 1883, Page 1

PR 0 ..fli-'Pi >E 0 T U S .1. 'OF THE ■' ,' ,-; , WELLINGTON' MEAT PRE ERVING AND REFRIGERATING t'OMHANY ■<)' ■ (LrturKu), To be Registered under "The Joint Stock Cprapanios Act, IM," CAPITAL ■;..- £50,000 h 5,000 Shares of £lO Each. (With power to incroaso),' Payable—Tori Shillings' on Application; Ten Shillings oh Allotment; and subsequently by Calls not exceeding at the'rate of Five Shillingsjer Month por Share. PROVISIONAL DIRECTORY : , (The" followmg will act on tfie Company's behalf until the appointment of the ; permanent Board by the Shareholders ..;. (t ;, ~, ,:, .. Charles "Johnßton, Esq„M.H.R.. (Messrs Johnston & Co,) ' '''.'" Hon.Robcrt Campbell, M.L.O. W. Waring jTaylor, J. G. Wilson, Esq., J1.11.R, £oj»tdFraser, Esq. • > John McLcnnau, Esq.,, Oroua Downs Charles B, Izitrd; Esq.J'fltesrs Izard & Bell) F. A. Krull, Esq. (Messrs Krull & Co,) Joseph Abbott, Esq, Wanganui J. McMahnamaii, Esq., Torawhiti, John" Stevens, Esq. (Messrs'Stevens and Gorton, Bulls) James Smith, Esq (Messrs Tumbull, Smith 1 C. C. Murray, Esq. (Messrs Murray, Robertß <fcCo.) James Bull, Esq., Bulls A. H. Miles, Esq. (Messrs Messrs Murray, Roberts & Co.) John P. Russell, Esq.. Wangai-Moana Alfred Matthews, Esq,, Feathorston Andrew Young, Esq. E. J. Riddiford, Esq. George Luxford, Esq. John T. Dalrymple, Esq., Bulls F. B. Larkwotthy, Esq,, Carnarvon Estate, Sansou. With power to add to their number. Bankers: ;p The Colonial Bank of New Zealand. Solicitors : Mejsrs Izard and Bell. Interim Secretary : Henry'Wright, Tesiporary Offices: Templo Chambers. All expenses in connection with floating thß C»mpaiiy prior to registration" to be borne bj the Vendors. The objects with which this Company is projected are to purchase, continue, and extend tho l'usinsss of Mesrrs J. and H. j Barber, and Woods, Orosbio, and Co., which have been so successfully carried on for many years past, consisting of six retail -—- r -.„,,.,.„ 0 „ uu «u,uu K -uvnu plant complete, paddooks, yards, horsflj, carts, and all appliances necessary for conducting, the extensivo business which now oxiflts, t A sohedule of tbe 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 proposod Make them oyer at the sum of £18,789.5s (vide Schedule A), of which the proprietors will return in • paid-up shares the Eum of £12,000, leaving the balance to be paid put of calls, and to bear,interest at the rate of 8 per centum per annum; the payment to extend over a maximum period of five yeai s, or to be reduced by instalments of not less than £IOOO each, at any earlier date, at the option of the Company. _ . ' All boek debts will bo taken over as they now stand in the books, and they will be guaranteed at 203 in the pound by the vendors. Live stock, tallow, horses, eatts, and several smaller properties not already valued (vide Schedule B) will be taken at a valuation on delivery; but all other artioles and property pf what kind soever will be deemed to be included in the valuation estimate of £18,789 ss, :Tbe Company will be registered as soon as £25,000 has boon subscribed for, in addition to tho.paid up Bhareß to be retainod by the Vendors, and the shareholders will then be called together to elect a permanent Board and adopt Artioles of Association, : . On the registration of the Company, MessTß Barber will at their own cost continue Slaughterhouse at Ngahauranga, and will remove there, from its present position in Willia-street, the whole of their meat proServing machinery and plant, It is iufrndod to take power in the Memorandum of Association to enter upon tho business of freezing meat for oxport, or to Bmalgaraate with ,ny other Company, or to purohaso any biiHnw (published for that purpose, and lo mui .hcture artificial manures or other products which may,be considered legitimate aljunots to the business j but for tho presont at least, it is deemed prudent to rest satisfied with the i, stand, without embarking in more speculative ventures, and jit is evident that the, combination of the two establishment under one management must result in inqroaaed profits and largely diminished expenses. The combined businesses show a net. prqflt of over 15 per cent, and it is confidently expected that when conductedl under onp head this may be considerably exceeded, •; The succoss which has attended the Gear Meat Company siuco its establishment av a pnblio Company, shows exclusively that such DUfliuesßes are more'systematically and advantageously worked and extended in this way than by private enterprise j and it is for this reason that Means Barber, and Woods, OiQSbiH and''Company are willing to soil «hjt ")spectiye';bu6incsseß' to aComnauv. themselves; and .they have agreed to. placo thoir services at the disposal of the Company •♦ for such time as the Direotois may require, and not to engage in any business in competition with this Company, I _ The resources of tho Wellington district, in the way of sheep and cattle, are bo 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 ib capable of almost infinite tension, and presents.to capitalists ,fte opportunity of a safe and profitable mves>, ment, whilst to stock-owners it affords the means of Becuripgi,a fair value for'their produce. The Provisional Directors have O'VEH TBHR CaBKVDI CONSIDERATION TO THE PROSKOIS OK THK 'IIioPOBED COMPANY, AND HAVE HAD BDBMITTED TO THEMBYTHEIBOWN VALUATOR THE DETAILED' VALUATIONS OFjTHK: VARIOUS MOPBRTIE'a TO BK TAKEN OVER,' THEV lEBLTHKY CAN TOE CONFIDENCEKECOHMKND THIS UNDEKTAK.ISO TO TUB PoBLIO AB : ' ONE WHICH M KNTEIIED.CPON ON.A FAIR BASIS,'.' I W WHICH PHOiIKES TO YIELD , A HANDSOME, bbturnox t.ii;o.nrAu invested; AS-WEI* AS BY TUK KXTKNSI tf CF THE BUSINESS ADD-' HfO TO TDK MATERIAL PROSPERITY O? THE ~ CITY AND TUB.STOCKuWNERS OP THE-'SCR. BODNDINO DI3TBICTS. i The Authorised Brokers are. 1 ' m., WeN'ington-DEACON.<& BUSHELL ' .. -ARTHUR,WARBURTON -ft CO." ~ | , Masteiton Wanganui-H. TILLY. ! ..-.."■■■ Bulls-STEVENS &UORTON- ! Feilding-HALCOMBE & SHERWILL '■ , Palmerston Nor'tb-STEVENS t GORTON Foxton-THYNNE, LINTON; ft CO. ' From who,n : prospectuses and all information can be obtained,- or :from'■ ''"' HEHRY.TOIGHT, •:... ; . . Interim.Secretary,.; . 1460 ''•'.'' Ti.mni« r«,'.„irl.