Page 4 Advertisements Column 1

Manawatu Standard, Volume 4, Issue 234, 5 September 1883, Page 4

Pfc o •» ;» X G '. b •* • * ' ' OF THE 1 WELLINGTON M KAT PRESERVING AND REFRIGERATING COMPANY. (Limitb©.) | To be Registered under the Joint Stock Companies' Act, 1882. . ■ CAPITAL „ .. ... £50,00 Q. In 6000 Sharks op Llo Each. With power to increase , Payable— Ten Shillings oq applicationi; Ten Shillings on allotment; and subsequently by Calls net exceeding at the sate of Five Shillings per month per Share. Provisional Directory. The following gentlemen will act on the Company's behalf until the appointment of the permanent Board by the Shareholders :— John T. Dalrymple, Esq., Waitatapia. Charles Johnston, Esq., M.H.R. (Messrs Johnston & Co.) . . • Hon. Robert Campbell, fl/LL.O. ; W. Waring Taylor, Esq. . J. G. Wilson, Esq., Miff.R. Donald Fraßer, Esq. • < John McLennan, Esq. Oroua Downs Charles B. Izard, Esq. (Messrs Izard and Bell) •■■■■■■ F. H. Krull, Esq. (Messrs Kruli and Co) Joseph Abbott* Esq. Wanganui J. McMenam^n, Esq. Terawhiti John Stevens, Esq. (Messrs Stevens and Gorton, Bulls) , ; James Smith, Ecq. (Messrs Turnbnll, Smith, and Co.) . ,| C. 0. Murray, Esq. (Messrs Murray, Roberts, and Co) , j James Bull, Esq. Bulls : A. H. Miles, Esq. (Messrs Murray, Robert, and 00.l John P. Russell, Esq. Wangai-Moana Alfred Matthews, Esq. Featherston \ Andrew Young, Es^. ; E. J. Eiddiford, Esq. George Luxford, Esq. F. B. Larkworthy, Esq. Carnarvon Estate, Sanson i <; With power to add to their number. Binkbbs : ,i i; ThoTJolonial Bank of New Zealand; * n SOLICITOKS. ;.. .vO j Messrs Izard and Bell. •— \ Intbbim Secretary. . Henry Wright. Tbhpobaby brwcEjtL.. Temple Chambers. All expenses m connection with floating the Company prior to registration to be borne by the Vendors. The objects with which this Company is ; projected are .to purchaie, continue, and ex- 1 tend the businesses; of Messrs J. and H. Barber and Woods, Crosbie, and Co.,vwhifch hate been so successfully carried on for many years past, consisting of six retail shops, meat preserving and boiling-down plant complete, paddooks, yards,' hdr*Bes,"carts f and all. the appliances necessary for conducting the extensive business which now exists. < , A schedule of the various properties used m the business' is appended at foot, and the values having been ascertained by a competent independent valuator, and approved by tbe Provisional Director*, It is proposed to take them over at the bum of L 18.789 5s vide Schedule A, of which the proprietor* will retain m paid-up shares the sum of Ll2 000, leaving the balauce to.be<paid out of oalls, and to bear interest at the rate of 8 per cent per annum ; the payment to extend over a maximum period of five years, or to be reduced by instalments of not less than LJOOO each, at any earlier date, at the option of the Company. ! All book debts will be taken over as they now stand m the books, and they will be guaranteed at 20s m the pound by the vendors. Live stock, tallow, horses, carts, and several smaller properties nob already valued, vide Schedule B, will be taken at a valuation on delivery: but all other articles! and property of whet kind soever will be deemed to be included m the valuation estimate of L 18 ,789 ss. .■-.,•,..• .„• The Company will be registered as soon as 1(25,000 has been subscribed for, m addition to the paid-up shares to be retained by the! Vendors, aud the shareholders, will ttjen be called together to elect a perraaiient Board and adopt Articles of Association. On the Registration - of the Company, Messrs Barber will at their own cost con tinue and complete thp erection of a new slaughter. bouse at Ngahauranga, and will remove there, from its present position m Willis-street, the whole of their meat preserving machinery and plant. It is intended to take power m the Memorandum of Association to enter upon the business of freezing meat for export, or to amalgamate with any other Company, or to purchase any business: established for that x purpose, and to manufacture .artificial manures or other products which may be considered legitimate adjuncts to tbe busiuess : but for the present, at least, it is deemed prudent to reaL satisfied with the known profits of the businesses as the} staud, .without embarking m more speculative ventures, and it is evident that the combination of the two establishments under one management musi result m increased profivs and largely diminished expenses. '• '' The combined businesses show a net profit ef over 15 per cent, and it is confidently expected that when conducted under one head, this may be considerably; exceeded. . . Tbe success which has attended the, Gear Meat Company' since its establishmen t as a public Company, sbbwa' conclufively that such busiuesses are more systematically and advantageously worked and extended iv this way than by. private enterprise; and it is for this reason that Messrs Barber, and Woods, Crosbie and Company are wilting to sell their respective business to a Company while still retaining a very large interest themselve ;and they have agreed to place their services at the d'.iposal of the Company for such time as the Directors may require, and not to engage m any businesses m competition with this Compauy, The resources of the Wellington district, m the way 6? sheep and cattle, are so large and increasing, and the demand for* 'preserved meats m England and elsewhere so much m excess of the supply, that a business o£ this kind is capable of almost infinite extension, and presents to capitalists the opportunity of a safe and profitable investment, whilst to stockowners it affords the means of securing a fair value for their produce. s » The Provisional Directors '"■ Titike given their careftd consideration to the Proposed Company, and have had submitted to them oy their own valuator the detailed valuations of tits various properties ohe taken over. They *eel they can with confidence recommend this undertaking to the Public asone which i« entered upon on a fair basis, and, which promises to yield a liarukome return on the capital invested, as well as- by the extension of the business adding to the material prosperity of the City, and the stockowners oj the surrounding districts, ' The Authorised Brokers are : — ; : Wellington— DKACOtf & BUSHELL »< — ARTHUR. WAIIBUR-. TON & '^O ■ ' ' Wairarapa— LOWES & lit JNS, Mas- > terton Wangnnui— H- TILLY BuIIs— STEVENS & GORTON Feilding— HALCOMßE & SHKRWILL Palmerston— Sl'EVENS & &ORTON Foxlon-THYNNE.LINTON, & CO. From whom Prospectuses and all information can be obtained, or fromHENRY WKIGHT, Interim Secretary, Temple Chambers, SPECIAL NOTICE. MRS LORD N, jbressmaker, re* quests that all -messages, letters, or jarcels ot tfork intended for her may be i\ ft at Mrs Healon 8 m the t^qnai c, by wbom they will be kept till called •lor.