Page 1 Advertisements Column 1

Wairarapa Daily Times, Volume 5, Issue 1471, 31 August 1883, Page 1

T) R <rs p \i .O.T u.s OF tiir ' WELLINGTON MKAT PHE'ERVING -AND BKFRIGKUAIIN'H COMPANY (Ll.MII'EI)). To be Registered under "Tho Joint Stock ■ Companies Act, 1H81" ' '! CAPITAL ... m>m ,. In 5,000 Shakes of £lO Each. (With power to ineroaso), Payable-Ten Shillings on Application; Ton Shillings on Allotment; and subsequently by Calls not exceeding at tho rate of Five | Shillings per Moiitli per Share. PROVISIONAL DIRECTORY: ' ■ ' (The following Gentlemen--will act on the Company's. behalf until tho appointment of the permanent Board by tho Shareholders.) Charles Johnston, Esq,, M.H.R, (Messrs Johnston it Co.) Hon. Robert Campbell, M.L.C. W. Waring Taylor, Esq. J. G. Wilson, Esq., M.H.R, Donald Fraser, Esq. John McLennan, Esq., Oroua Downs Charles B. Izard, Esq., (Messrs Izard& Bell) F. A. Krull, Esq! (Messrs Krull ± Co.) Joseph Abbott, Esq., "Wanganui J. MeMannaman, Esq., Tcrawhiti John Stevens, Esq. (Messrs Stevens and Gorton, Bulls) James Smith. Esq (Messrs Tumbull, Smith 4 Co.) C. C. Murray, Esq. (Messrs Murray, Roberts & Co,) James Bull, Esq., Bulls A. H. Miles, Esq. .(Messrs Messrs Murray, Roborts&Co.) John P. Russell, Esq., Wangai-Moatia Alfred Matthews, Esq., Featherston Androw Young, Esq, E. J. Riddiford, 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 borne by the Vendors. The objects with which this Company iB projected are to purchase, continue, and extend the 1 miness of Mcsm J, and H. Barber, and Woods, Crosbie, aud Co,, which havo been so sncctssfully carried on for many years past, consisting of six retail shops, meat preserving aud boiling-down plant complete, paddocks, yards, horse*, carts, and all appliances necessary for conducting the extensive business which now exists. _ A schedule of tho 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 (vido Schedule A), of which the proprietors will return in paid-up shares the sum of £12,000, leaving the balanco to be : paid out of calls, and to bear interest at the rate of 8 per centum per annum; the payment .'to extend over a maximum period of iivo yea:s, or to bo reduced by instalments of. not leas than £IOOO each, at any earlier date, at the option of the Company. All book debts will bo taken over as they now stand in the books, and they will be guaranteed at 20s in tho pound by the vendors. Live stock, tallow, horses, earts, and soveral Bmaller properties not already valued (vide 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 included in tho valuation estimate of £18,789 ss. The Company will bo registered as soon as £25,000 has been subscribed for, in addition to the paid up shares to bo retained by tho Vendors, and the shareholders will then be called together to elect a permanent Board and adopt Articles of Association. On tho registration of the Company, Messrs Barber will at their own cost continuo and completo the erection of a large now slaughterhouse at Ngahauranga, and will remove there, from its present position in Willis-street, the whole of their meat preBorviug machinery an 1 plant, It is iutended to take power in the Memorandum of Association to enter upon the business of freezing meat for export, or to amalgamate with .viy other Company, or to purchase any bnsino, is ablished for that purpose, and in m.-ui f iciure artificial manures or other |.roduut.< which may be oonsidered. legitimate a ljuuets to the business ; but for the presont at least, it is deeme'd prudent to rest satisfied with the kuown profits of tho businesses as they stand, without embarking in more speculative ventures, and .it is evident that the combination of the two establishment under one management must result in increased profits and largely diminished expenses, Tho combined businesses show a net protit of over 15 per cent, and it is confidently expected that when conducted under oue head this may be considerably exceeded. The success which has attended tho Gear Meat Company since its establishment as a public Company, shows exclusively that such I busiuesses aro more systematically and advantageously worked and oxtended in this way than by private enterprise; and it is for this reason'that Messrs Barber, and Woods, Crosbie.. and' Company are willing to sell their respective businesses to a Company, whilo still retaining a very large interest themselves; and they have agreed to place their services at the disposal of the Company for such tirao as tho Director? may require, and not to'engsgo in any business in competition with this Company, _ The rdsoarces of tlio Wellington district, in the way of sheop and cattle, aro 80 largo and increasing, and the demand for preBofly meats in England and elsewhere so muffin excess of the supply, that a business of this kind is capable of almost Infinite extension, i and presents to capitalists the opportunity of a safe and profitable invest-1 rnent, whilst to stock-owners it affords the means of f .securing a fair value for their produce. Tut, PROVISIONAL DIRECSOIta HAVE tiIVKN their careful consideration to m hasPEOrs OF THK. PROPOSED COMrANY, AND HAVE HAD BUBMTTED TO THEM IT THEIR OWN I VALUATOR THEDF.TAILED VALUATIONS OF THE I VABIOUB mOPEKTIEB TO BETAKEN OVER, THEY 1 JEELTHEY CAN WII'H CONFIDENCE RECOMMEND THIS UNHEKTAKINU TO TUB I'tIBLIO A 8 ONE WHICH IS KNTKRBD UI'OX ON A FAIR BASIS, AND WHICH lM'ttPh-S'IMYIKLD A HANDSOME RETURN ON T.lr. IMV.IL I.\VESTED,'.AS WELL AS BY TUE EXI'E.I,M>- OF THE BUSINESS ADDING TO THK MATCKIAL I'HOSFEMTY .OF THE'i CITY AND THE SIUCKOWNEIUJ OF,THE BURROUNDING MJTRIUTS, The Authorised Brokers are . Wellington-DEACON & BUSHELI 1 „ -ARTHUB WARBURTON >& CO. Wiinrapar-LOWES & IORIW, Masterton Wanganui-H. TILLY Bnlla-BTEVJSNS.& GORTON i ■ Feilding—HALCOMßE & SHERWILL Palmerston 'Nortli'-STEVENS k GORTON Foxton-THYNNB, LINTON, From when prospectuses and all information can be obtained, .or from HENRY WRIGHT, Intorim Secretajy, u t„, 14G0 Temple WmbersV