Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 5, Issue 1469, 29 August 1883, Page 1

PR 0 S P E C T,, U S OF TIIK " , WELLINGTON MEAT 'PHE'ERVING AND REFRIGERAI'LVU COMPANY (Linitkd). Toboßegisterod.undcr "Tho Joint Stock Companies Act, 1802." ■" CAPITAL ... ..;.,.' ... £50,000 In 5,000 Shares of-£lO Each. , (With power to incroaso). , , Payable-Ton Shillings on Application; Teu Shillings on Allotment; and subsequently by Calls not exceeding at tho rato of Five Shillings per Month per Share. PROVISIONAL DIRECTORY ! ' ' '' (The following Gentlomen will act on the Company.'s behalf.until the appointment ■ of the.permanent Board by the Shareholders.) ■ . . ~ Charles Johnston, Esq,, M.H.R, (Messrs Johnston & Co.) Hon. Robert Campbell, M.L.C. W. Waring Taylor, Esq. J. G.WjpniEsq.jM.H.R, "ffraaer.Esq.' loLemfan, Esq., Oroua Downs CharTcs B. Izard, Esq.; (Messrs Izard*Bell) F. A. Krull, Esq.- (Messrs Krull .6 Co. j . Joseph Abbott, Esq, Wanganur " J. MoMannaman, Esq., Torawhiti John Stovens, Esq. (Messrs Stevens and »• Gorton, Bulls) James Smith. Esq (Messrs Tumbull, Smith A Co.) C. C. Murray, Esq. (Messrs Murray, Roberts A Co,) James Bull, Esq., Bulls A. H. Miles, Esq. (Messrs Messrs Murray, Roberts & Co.) John P. Russell, Esq.. Wangat-Moana Alfred Matthows, Esq., Fcatherston Andrew Young, Esq, E. J. Riddifordj Esq. George Luxford, Esq. John T. Dalrymplo, Esq,, Bulls * F. B. Larkwoithy, Esq., Carnarvon Estate, Sanson. 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 C*mpany prior to registration to be home by the Vendors. The objects with which this Company is projected are to purchase, continue, and extend tho lusiness of Mesrrs J. and H, Barber, and Woods, Crosbie, and Co., which have been so sncctssfully carried on for many years' past, consisting of six retail 4 shops, meat preserving and boiliog-down plant complete,- paddocks, yards, horses, carts, and all .appliances necessary for conducting the extensive business which now exiflts. A soheduie 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 5s (vide Schedule A), of which the proprietors will return in paid-up shares' the sum of v £12,000, leaving the balance-to ber paid out of oallß, and to bear interest at the rate of 8 , per oentum per annum; the payment to extend over a maximum period of five yea; 8, s or to bo reduced by instalments of not less than £IOOO each, at any earlier date/ at tho option of tho Company. All boek debts will be taken over as they now stand in the books, and they will be guaranteed at 20s in the pound by the vendors. Live stock, tallow, horses, earts, and soveral smaller properties not already valued (vido Schedule B) will be taken at a valuation on delivery; but all other articles and : property of what kind soever will be deemed to be inoluded in the valuation estimate of £18,789 ss. ine uompany will bo restored as soon as £25,000 has been subscribed for, in addition to the paid up shares to be retained by the Vendors, arid the 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 coat continue and complete the erection of a largo new slaughterhouse at Ngahauranga, and will remove there, from its present position in Willis-street, tho whole of their meat proserving maohinery ami plant, It is intended to take power in the Memorandum of Association to enter upon the business ol freezing meat for export, or to amalgamate with a'iy other Company, or to I purchase any bu><ii>u< m nblished for that i purpose, and iu n.ini hcture • artificial manures or other products skich may be considered legitimate a ljuucti to tho business; but for the present at least/it is deemed prudent to rest satisfied with the Innmn nrnfit. /,» <!,. V..»: ... ,i •»»»» piimw ui mu uuHinesses as tney stand, without embarking in moro specu-lative-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 expected that when conducted under one head this may be considerably exceeded. The success which has attended the Gear. Meat Company sinco its establishment ai a public Company, Bhows exclusively that such businesses are moro systematically and advantageously worked and extended in this way than by private enterprise; and it is for thu reason Barber, and Woods, | fbeu respective MSsiiipsses to a Company, i while still retaining a very large intereat i, themselves; and they have agreed to place '' their tervipes at the disposal of the Company -for such time as the Directors may require, and not to_ engage in any business in competition with this Company, ' The resources of tho ! Wellington distriot, in the way of Bheep and cattle, are bo large. served meats' in England and elsewhere to muoh in excess of the supply, that a business of this kind is oapable of almost infinite extension, and presents to capitalists the opportunity of a safe and profitable investment, whilst to stock-owners it affords" the *means of seouring a fair value for their produce, The Provisional Dimcsobsjiave oiven THEIR CAREFDI, CONSIDERATION TO THE PROSMors or the imposed Company, l and HAVE HAD SOBMTTED TO THEM BY THEIB OWN VAIUATOR THE DETAILED VALUATIONS OF THE VARIOUS PROPERTIES TO.BETAKEN OVER, TIIEY FZELTBEY CAN Wrm CONFrDENCERECOMMBND THIS UNDERTAKING TO TOR POBLIO AS DNB WHICH H ENTERED, UPOS. ON A FAIR BASIS.' AND WHICH riIOJiI.KSTM YIELD A HANDSOME . MIURN OX Tilt C .WIAI, INVESTED, AS WEU, j: AI BY TUK KXTKNhHf OF TUB BUSINESS ADD- ' INO TO TUB MATERIAL PROSPERITY OP "THE CITY AND THE STOCKOWNERB OF THB -BURSdOKDINO DI3TBICTS. ! Tho Authorised Brokers are. • ; Wellington-DEACON & BUSHELL .. -ARTHUR WARBURTON 4 CO. I ' Waimapa-LOWES & lORNS, Masterton Wanganut-H.. TILLY Bnlls-STEVKNS &.GORTON ■'■■:■ Feilding-HALCOMBE ds SHERWILL Palmerßton Nortb-BTEVENS & GORTON J Foxton-TBYNHE, LINTON,' * CO.' ' tion can be obtained, or from -' .Hjta.WMlgHTj.;:. lnteiirjp, Secretary,