Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 5, Issue 1470, 30 August 1883, Page 1

) R 0- S P E.t-C T,. ,U: S X ' ■ 0E THE • ■ .WELLINGTON MEAT' : l>i!E ERVINf! i AND REFRIGEMi'IXO ■POWANY 1 \ ■ •.- •■ '(Li,mii'»:d).-v :,.'-. •■> To be Registered under "The Joint Stock Companies Act, 1882," CAPITAL. ...■ ..;. ... £50,000 1h5,000 Siiareh of £lO Kach. (With .power to increase),... Payable—Ten Shillings on Application; Ton Shillings on Allotment; and subsequently by Calls not oxeceding at thcrato of Five Shillings per Month per Share. PROVISIONAL DIRECTORY: (Tho following Gentlemen will act on the Company's behalf until, the- appointment of tho permanent Board by the Shareholders'.) . Charles Johnston, Esq,, M.H.R. (Messrs JohnstoniA Co.) Hon. Robert Campbell, M.L.C. W. Waring Taylor, Esq. J. G. Wilson, Esq., M.H.R. Donald Eraser, Esq. John McLonnan, Esq,, Orona Downs > Charles B. Izard, Esq.,(Mcssrs Izard & Bell) F. A'. Krull, Esq. (Messrs Krull .t Co.) .. Joseph Abbott, Esq., Wanganui J. McMannarhan, Esq., Terawhiti John Stevens,' Esq, (Messrs Stevens and Gorton, Bulls) • James Smith. Esq (Messrs Tumbull, Smith * Co.)' 0. C. Murray, Esq. (Messrs Murray, Roberts 4 Co;) James Bull, Esq,, Bulls ' ■ - A. Q. Miles, Esq. (Messrs Messrs Murray, Roberts k Co.) John P. Russell, Esq'., Waiigai-Moana Alfred Matthews, Esq., Eeatherston' Andrew Young, Esq. E, J. Riddiford, Esq, George Luxford, Esq, John T. Dalrymple, Esq,, BullsF, B. Larkwoithy, Esq,, Carnarvon Estate, Sanson, , With power to add to their number. Bankers: Tho Colonial Bank of New Zealand. Solicitous : 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 borne by the Vendors, The objects with which this Company is projected afo to purchase, continue, and extend the 1 usiness of Mesrrs J, and H. Barbor, and Woods, Orosbie, and Co., which have 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 con. ducting 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 totake them over at the sum of £18,780 5s (vide Schedule A), of which the proprietors will return in paid-up shares the sum of £12,000, leaving the balance to be paid-out of calls, and to bear interest at the rate of 8 par centum per aunum; the'payment to extend over-a maximum period of iivo yea:s, or to bo 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 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 several smaller properties not already valued (vide Schedule B) will be taken at a valuation on delivery; but all other articles Mid property of what kind soever will be' deemed to be included in the valuation estimate of £18,789 ss. , . , Tho Company'will be reiustered as-soon as £25,000 has been subscribed for, in addition to tho paid up shares to be retained by tho Vendors, and tho shareholders, will then be called together to elect a permanent Board and adopt Articles of Association. On the registration of tho' Company, Messrs Barber will at their own cost continuo and complete tho erection of a. largo uew slaughterhouse at Ngahauranga,.and will remove there, from its present position in Willis-street, the whole of their meat preserving machinory an,! plant, It is intended to tako power in the Memorandum of Association to enter upon tho business of freezing meat for export, or to amalgamate villi a:iy other Company, or to purchaso auy bunnm .A nbliahed for that purpose, and ut, i,mn doture artificial manures or oth.r |rodiict.i which may be considered legitimate aljuncts to.the busiutflS ;'but for the present at least, it is deemed' prudent to rest ■satisfied with the known profits of the 'businesses as'-they Stand, without .embarking; in'.'more speeu: lative' ventures, and ,it is evident that the combination of tho two establishment under one management -must result in increased profits and largely diminished oxpensos. ■ The combined businesses show a net profit of oyer 15 per cent,, and it is, con< fidently.expected that .when conducted under one head this inay be considerably excCoded, Tho success .which has attended'the Gear Meat Company.since its establishment as; a public Company, shows exclusively, that such businesses are more systematically and ad-, vantagedusly worked and extended in 'this way than by private enterprise; and it is for tliia roifon that Mesws Barber,- and Woods, Crosbie and, Company are willing to sell • their respective businesses to a Company, while' still retaining a 'very large interest themsolves; and they have agreed to place their services at tho disposal of-the Company for sucli timo as the Director?, may require, anJj«6#,tq,<«igago in any business in compctiWn with'this Company';... The resourejesof the Wellington district, in tho-.way of sheep aad cattle, are so largo and increasing, and the demand fqr-pre-, served meats in England and''elsewhere,'s6 much in excess of the supply/that a business of this kind i 3 capable 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- securing\.a fair value for' their produce;-.: ''"'.' The Provisional Direcsoks have oivkn, THEIR CAP.EFUL CONSIDERATION TO.'inii prospects of' 'tiik iroposed-Company, and HAVE IUB'SDIIimiED TO THEM BY THEIR OWN VALUATOR-THE DETAILED VALUATIONS OF THE VARIOUS PROPERTIES 10 BE TAKEN OVER, THEY; .PEELTHEY CAN WIl'H CONFIDENCE RECOMMEND. THIS UNDERTAKING 'TO TUB PUBLIC 'AS ONE "WHIOH I< ENTERED UPON ON A FAIR BASIS, AND WHICH I'llOMI-ES T.| -YIELD A HANDSOME RETURN ON T.IK U I'ini, INVESTED, AS WELL AS BY TUK KXrE.ttl l>- OP THE BUSINESS ADD.JNO TO TUB MATERIAL PROSPERITY "OF THE ■CITY AND THE STOPKOWNEIISOE THE BUR..ROUNDINO DISTRICTS, ....... TheAuthorised,,Brokers.are. : ~ Wollington-DEACON & BUSHEIiL ;. „ -ARTHUR WAKBORTOM & 'CO.' 1 TWimpa-LQWEB .4' lORNB, Mastorton' TILLY ''' '" '•'••' Bulls-STEVENS'&OORTOK .Feilding-HALfJOMBE'& SHERWILLPalmerston Noftb-STEVENS & GORTON LINTON','& CO; From whom prospectuses and all information'can be.obtairied,'or from' ■'• -..- 'HBKRT'-WJtfUJHT,;;'."""'"..' ■" ' ' -' Interim Secretary, " 11460 '. '■: ■ Temple Chambers,'.