CANTERBURY MEAT EXPORTATION COMPANY.

New Zealand Herald, Volume XVIII, Issue 6271, 22 December 1881, Page 5

CANTERBURY MEAT EXPORTATION COMPANY.

[DY TELECRAPIT. —PRESS ASSOCIATION.] CiiRisTCHCRCir, Wednesday. At an adjourned meeting re the formation of a Meat Export Company, held to-day, the prospectus was read and adopted, and provisional directors elected; The company may therefore now be considered to be formed. The following are the more important points of the prospectus, which will serve to give a clear idea of the business and objects of the company : — " The prospectus of the Canterbury Frozen Meat aud "Dairy Produce Export Company, to be incorporated under the Joint Stock Companies' Liabilities Acts, with a capital of £"20,000, in 2000 shares of £10 each, to be paid up as follows : 10s on application, 10s on allotment, and the balanco by calls not exceeding 20s per share at intervals of not less than three months. It is proposed to call tip not more than half the capital in the first instance, the balance to be reserved for the extension of operations when required. The company is projected with the object of providing the means of preparing and rendering fit for export the surplus stock and dairy produce of this district by tlie refrigerating or other process. The present intention of the promoters is to restrict the company's operations to the preparation of meat and dairy produce for shipment on owners' account, and to arrange for the sale thereof in the London market. It is intended that the company shall have power either to purchase or ship on owners' account, as may be found desirable, aud also that they shall control the sale as well as the freezing and export of the produce until the scheme is fully in opeiation. The preparation and storage of cheese and butter for export will become one of the most important operations of the company, aud as the market in England for these products is practically unlimited at prices showing 50 per cent, advance on cheese, aud 100 per cent on butter over those current in this colony, an extensive export may be confidently anticipated. The promoters recognising this all-important feature in the project, propose to provide cool storage for butter, cheese, &c., where such may be. collected from farmers as produced, and accumulated until a vessel is ready to receive it. After careful inquiry it is estimated that the amount of capital to be called up (£10,000) will be sufficient to acquire suitable premises, erect the necessary buildings, providing all requisite machinery, and meet the preliminary expenses. The English Insurance Companies offer to cover shipments against all risks, including deterioration oil board ship from any cause, for 5 percent, premium." The Chairman said that since drawing up the prospectus the committee had learned that all the Colonial Insurance Companies in London had combined, and agreed to guarantee the insurance of the frozen meat exported at 5 per cent. This was an absolute guarantee against loss by deterioration or otherwise.

How is it that Professor Guscott advertises himself as tlio most experienced professor of the healing ait in the colony? AVhy, because he lias effected the most wonderful cures in cases which were pronounced by the medical faculty to be incurable—such as nervous debility, asthma, dropsy, rheumatism, sciatica, tic-doloreux, liver complaints, bad legs, and bad breasts This defle3 contradiction. The mode of treatment is solely by American herbs, whioh can be seen at his premises, ShortlaDd-street, and he invites public inspection of these remedies, as lie is the only practical herbalist in the colony. He desires only to receive those cases for treatment which have been pronounced incurable by professional men, aed he requires no information from the patient, as he can decide at a glance the diagnosis of the case, thereby relieving the patient of a great deal of nervousness and hesitation. —[Auvr,]