Page 5 Advertisements Column 5

Daily Telegraph (Napier), Issue 9939, 10 December 1900, Page 5

PROSPECTUS OF THE NAPIER CO-OPERATIVE MEAT SUPPLY COMPANY, LIMITED (To be registered under the Companies Act.

CAPITAL £15,000 In 15,000 Shares of £1 each (33C0 Shares to be retained for future allotment), To be paid as follows, viz.:— Five Shillings on application, Five Shillings on allotment, and the balance (if required) by calls of Two Shillings and Sixpence each, not less than three months' notice to be given of any such call. It is not expected, however, that more than Ten Shillings per share will be required. Provisional Luß_croßS : F. W. Williams,. Chairman W. A. Amner F, Moeller Dr. Bernau R. I). D. M'Lean C. H. Cranby S. M'Lernon C. Dolbel R. D: Sweetapple Dr. Jarvis Captain Todd C. D. Kennedy G. WlMte J. F. Jardine Henry Williams F. Logan Bankers : Bank of New South Wales. Solicitors : Messrs Carlile and M']-.an. Brokers : Mes-ire C. B*. Hoadley and Co;,* Napier. The-object of the Company is to- acquire and amalgamate the old-e vtablished Businesses carried on by I_r John Higgin3- and Messrs Conroy and Co. and the Natter Meat Co. as These include their extensive hotel, family, and shipping connection.?. The Company will take over all the £ _ipping and other contracts now held by these firms, also suoh of their leasehold lands, including all necessary business paddocks, and the fully-equipped Loilingdown establishment at Clive, as m.iy be considered expedient, as well as .their carts, drays, horses, and complete tirade requirements, a schedule of which may inspected at the Brokers' Offices. Iv is not proposed to take over Book Debts. The profits hitherto earned by the above-mentioned firms, in the opinion of the Provisional Directors, justify thero in anticipating that the Company will i realise a net profit of not less than 15 per cent, aad it is hoped that by the amalgamation and consequent saving of working expenses, as well as by the extension of business, a much larger profit will resuP in a few years. The Company will be able, by purchasing for cash, to procure the very best meat in the market, and so secure permanent popularity for its business. It is proposed that after providing for a dividend of 8 per cent on paidup capital, and for reserve fund, depreciation, and contingencies, a portion of the profits earned by the Company should be distributed amougst Shareholders contributing business, in proportion to their purchases. This is a plan which has been found to result in similar ventures elsewhere in great advantages to all concerned. Applications for Shares by Napier and Spit residents and the Shipping Companies propose to obtain their meat supplies from this Company will receive first consideration in ihe allotment of Shares. Mr John Higgins and MiWilliam Irving of Messrs Conroy aud Co. will retain a large interest in the concern, to be taken in fully paid-up Shares, and have agreed to give the Company the advantage of their experience as Working Managers for a period of not less than two years, should the Directors so desire. The only contracts entered into by or on behalf of the Company are— 1. Two Agreements, each dated the sixth day of December, 1900, made between William Irving and George Woodiiam of the one part, and Frederic Wanklyn Williams, on behalf of the Company, of the other part, and 2. Two Agreements, each dated the sixth day of December, 1900. made between John Higgins of the one part, and the said Frederic Wanklyn Williams, on behalf of the Company, of the other part. Applications for shares to be made to Messrs C. B. Hoadley & Co., or the Bamk of New South Wales, Napier, on or before MONDAY, the thirty-first of December, 1900. The Share List, however, may be closed at an earlier date at the discretion of the Provisional Directors. The Forms of Application for Shares may be obtained from Messrs C. B. Hoadley & Co., the Company's Brokers. All Application Money will be returned; in full in the event of no allotment.

I. SALEK & CO., EMERSON STREET, Watchmakers and Jewellers. HAVING purchased a large stock of Watches, Jewellery, &c., amounting to over £3000, we are prepared to offer to the public goods at a very large discount. The followiug are a few of the leading lines: — Rotherham Watches from 50s (5 years' guarantee) English Levers, by best-known makers, from 30s Gents' Gold Watches from £4 Ladies' Silv3r Watches from 15s Nickle Watches at low prices One 18-carat Gold Repeating Watch (a bargain) £25 JEWELLERY. Ladies' aud Gents' Diamond Rings from 30s to £60 Engagement Rings from 10s to £40 Gold Brooches from 5a REPAIRING Having engaged a First-class Watchmaker, we are prepared to execute all work entrusted to us at reasonable prices. Watches Clea»ed ss. Mainsprings 4s 6d. AH Worh Guaranteed for 12 Months. MATS LADIES' AID GIRLS' NEWEST STYLES. LOWEST PRICES at t « j /,. \srh<;i'< »j 4 5 '. * i 'Xmas Fruits, very choice; prime Figs, Muscatels, Raisins, Sultanas, Currants, and Peel. Prices right. P.'rm'- • su.N k Co., Eintrtou street. j