Page 3 Advertisements Column 5

Dominion, Volume 6, Issue 1599, 16 November 1912, Page 3

It should be noted that the Vendors, to show their confi- . dence in the proposition, are asking no cash from tho Company. For GO,OOO-lully "paid up share? they-.burl themseiveij, to pass over to tho Company tho freehold titles to thfe anient v' properties herein mentioned and such other Tights as they possess. ! " ' v.. The shares subscribed for in the Mernorandum of Association are all contributing shares. Each of the signatories to'the. Memorandum of ■ maj", prior to allotment, increase the number of shares sub- ' scribed for in the Memorandum. ■ • ' ' . No application for less than 10 share's will be accepted. The preliminary expenses rof and incidental to the formation and establishment of the Company .and until:, the'■ Company shall be entitled' to commenco business (exclusive ti? " brokerage at. .0 per; cent.; on,.'subscriptions, procured) are. esti- '• 151:1 it 9 luuo ""'' to -£1.200, andwill be iiorne by tho Company, • • No payment Will be made by the Company either in cash ?nnlin s^res to any promoter of-the Company excepting the' - bu,uoo fully paid up shares to be allotted to the Vendors in satisfaction of the purchase money .for the fKcorangi and Te Mata Point properties. . •! No consideration of any kind has been' given or promised s or will be given pr promised hy the promoters to any person to induce hitn to become.a Shareholder or Director. > The contract secviriug the Tikorangi property to th'e,.Cprt>;f ;' pany js dated the Scbnd day'.of . November,. 1912;- 'and 'is >ei-"! pressed to !>o^ made between Joseph Herbert Phillips, of Otaikr, ( Tl^. e , r i; Hsrriet Sai'ah Phillips, his >vifej : --Mary oE Otaika, "widow; and Robert' Thompson; "of ; W.hangarei';' ■; gentleman, of tho first 1 part; Dane, Sanson Greer, of WhanV" ; tkemlrt, of the second part|;;E<lp)Un4 Gatripl>ell Purdi'ej ■ ?l ■ y as agent ;for the Tikorailgi Syndicate, of tlio tniid. fart; and Ernest William Hnnt, of Wellington, accountant, as Trustee for the Company, of the fourth part, T-ilo Contract for. the sale of the Te Mata ■ Point property to tho .. Company is dated the twenty-eighth day of October; 1912, and is expressed,to be mado between' Herbert Elvin rfowlett, of . Islangapai, farmer, of' the first part, .the. said Dane Mouson ... Greer, of the second part; the said Edmund Campbell Purdiei'"''. ■as agenj, for the Tikorangi Syndicate, of the third .part; and p r r , William Hunt, as Trustee for the Company, the fourth part. The nominal price to bo paid bv the GomV ".' hi m?i r tll the SttW 1 Properties .is ,£60,000, but the Vendors ' (the Tikorangi Syndicate) have agreed to accept .00,000 fully paid up Shares of ill each i.n . the capital ,of the Company ' in satisfaction of the purchase "Jnoney. These are the only snares to be issued by fhe Company as fully paid-up for a ' 'Consideration other than cash. The names and addresses of : yie \endprs (The Tikorangi Syndicate) Heaton Rhodes, of- 'Cfcristch-uroh,.. Esquire; Vernon--Reod,-. of' ■*. flay of. Islands, Solicitor-- Heathcotfe Beetham Williams, "of • Qisborm, SheepfarnlW; Thoiiias Henry towry, Of/ flawkes-'' my, Sheepfatmer; Algar -WiMnsvof. Wellington,: ) Agent; llano Manson Greer, of-Wlmngarei, Chemist (at present ' absent from J,en- Zealand); Samuet-Irwiii 'Crookes,. of Mckiand, -Engineer; Charles Frederick Gardner, 'of Auckland, Brick - Manufacturer; jiid Edmund Campbell I'urdie, of Whantrarei, Agent, These Vendors have a binding Ap'tion ,of purchase s n respect of ltjie Tikorangi property from Joseph Hierboii £?!„!P 5 -' ° £ Ptaika, farmer; and Harriet Sarah Phillips, his . wife; Maty Anil • Smeaton, of Otaika, , widow, and Robert Thompson, of Whangaroi, gentlemfn - , as , npepars by tho - contracts set. out in tho schedule hereunder. The. purchase price under such option for if 3 ™»rangi estate is i£l2.per acre, which will lie paid by -i- : tne Tikorangi Syndicate to the. Owners of the said property. in i flS tiili-es stated irL the Agreement first above referred to. Tlie Tikorangi Syndicate. .hate cilso a contract for tke-salev . P?J c r ase °f th® Te Miota Point property from Herbert liivia Hewlett, of M&iigflpai, farmer. The purchase price under . such contract 1$ 45Q0> of which, flip sum of ,<£so has already been paid to the said Herbert Elvin Hewlett, ind the balance of the said purchase money will be paid by the Tikorangi Syndicate to the said. Herbert Elvin Hewlett in cash at the ' time stated in the contract above referred' to. On the adop- ' 'tion of the Company of the..above contracts, the members of ■ the Tikorangi Syndicate will receive;oo,o(lo shares; of the nam-. ,'inai value of ,£i'"eacb_in the capital .of,-,the Company issued -. its fully paid up,- fcud will be bound to procure the cdnveya'cne or transfer of the said properties to the Company free from" encumbrances, The members of the Tikorangi Syndicate ate promoter? of the Company, and are.,subscribing for contributing shares amounting in tho aggregate to .£O,OOO, Prom the fact thatthey ale not only receiving f-fom the Company no cash for : the properties, but -ore subscribing 'towards the Company's working capital the sum of £6,000 in caSh, jt will be ee'en . . that they have the fullest confidence in the commercial success of the Company; moreover, the Vendors' shares have no preferential rights attached thereto cither in -.respect of divi- . dend or capital. The amount payable by the C'ompanv for' commission to brokers.on all shards'of sffifelt they procure' the subscription is jt the rate of £5 per certain on fhe capital. '' Jfr. Ptobert' Heatoii Khcdes and Mr. Hoatheofo Beetham Wil-.. hunts are interested in 'tlie promotion of, and in the propetty to be acquired by the Company ,to the extent only of their ■ interests as Vendats under t'lle contracts, particulars of which are herein given. . . ~ - Tho following the clauses in the Company's Articles of Association fixing the number of shares regui'roi. for -a Director's qualification and as to, the remuneration of Di,. Tee torsi:— ■ . V.' "93. The qualification of a Direetor shall.'be the holding- ' 'of shares {or stock) of the Company -of tlie nominal amount of bE1,000.. A first Director may act before acquiring his quali- ■ fication, but shall' in 4ny cass acquire the same' within t^o' months from his -appointment, and unless he .shall do so- he shall be deemed to have agreed to take the said shares (or . stoek) from the.Company, and the' sarte shall i« allotted to him accordingly. ■ „ "91. Jhe future remuneration'of the Directors, and their , remuneration for services performed previously to the first" / general meeting, shall be determined by tlie Company in gen- -V eral meeting, and -shall be divided amoiig them in isiie'h propOi'-- - tion and in such manner as tho Directors siiall determine, or in default of determination equally, .A resolution'of the majority of tho Directors to forego or postpone the receipt of tho whole or any Tart at their remuneration shall biiid all : the Directors, and their l'enunieiition shall te afetetf .poned accordingly.. .THb, Directors shall l;o entitled to fc paid ' by the Company .their actual travelling expenses- incurred on ' tho. Company's business, ■ . - ■ All reports referred to in this -prospectus, copies of the Memorandum and Articles of Association, of the Company and of the contracts herein referred to and of all other material contracts (particulars of which. Me given in the following schedule) can be-inspected at..t,li,e office; of. Messrs. 'Williams,..Huftt afid. Co., Acco^jitai\h t ;' during business hours (excepting the original -of the contract frith She • WhanL-arei. Borough Council,-;-;iyhigh .may'.inspected .at. tlie offices of Messrs. Steadmail and Rish,wMli; 'Solicitors, Whajigarei ji.' !'' schedulh'of CONTRACTS. 24th August, lillO—Harriet. Sarali"'l b hi!lips, Jdseplr Herbert- ' Phillips and Dane Jfonson Greer; option of .purchase of fikaraugi property. 21th • Pebmitj", Sf2-3lary Ann Smeatoii, Kobeft Thompson, Joseph Herbert Phillips, Hatriet S.arah Phillips, and .' Dano Manson Greer; -extension -of above option. 23rd August; . 1912—Mary. Ann Smeaton, Herbert, Thompson, Joseph Herbert Phillips, Harriet-Sarah Phillips, and Dane, Manson.,Greer; extension of above option. 2nd November, ]!)12—Joseph Hei:l>ert - Phillips; Harriet Sarah Phillips., Mary Ann Smeaton, and Robert Thompson, of the first part; Dane Manrou Grosr-, of tho • - second part; Edmund Campbell Pnrdio, of the third part;,and. Ernest -William Hunt; of tho fourth part '; contract "giving ".the. Company the benefit of tho .above option, and for conveyance of Tikorangi property on .paynnent of. pit.rchflse-m.6ft.oy by tlie ' Syndicate. 2nd November, .1910--Herbert Elvin Hewlett and ' Dane Maiwon Greer j option of purch'aso- of 'fc M-a.ta Point-pro-', r. perty. Ist Slay, IOU-rHerbert Elvin Hewlett -ftnd Dane Mailson Greer; extension of above option. 2nd - November, Mil— • Herbert Elvin Hewlett and Dane / Manson 'Green; ' extension of above -option, 2St!i October., ISl2— Herbert Elvin Hewlett, of the firsh-part-;_I)ano Mai.vson Greer, ■ •of the second part; Edmund Campbell Purdie, 'of ' third' : part; and Ernest William Hunt, of tho fourth part; contract-' for the sale and purchase of Te Mata Point propevtv, nml for. conveyance to the Company. 9th July, 19i2—Tho'StiJyw. ' cillors, and Burgesses; of. the Borough of Whanparei. and tiin "■ Dominion Portland Cement Company of New '2e.lla.iid. tiiiu'ted (executed under the Seal of the Corporatioiijr eoutraii't! for tlio supply of electric energy. 2nd Novembers 19'12-4Ehiest WilWaiii-'" Hunt, as Agent ior the Company, and 'William-fames W'ifeh'.'v contract of engagement as Works' 1 Manager for five yoaVs] "1' ■, Applications for shares should.te nwfe-olWiio panying this prospectus, alid'may be lodgwl with : v : or office, of-the Bank of New South-Wiile.s, tho Company, together, with tlie amount per. share pavcible on ftpplication. If no allotment; -iii" made on anv application the deposit will be Tctnracd in- full and if the number of shares allotted on <my. applieatioii.'.is less thai the' nunvfer applied for the balance of application monef will be applied in reduction of the allotteo.'» future liability on -the share:? allotted. ■ As - tho minimum subscription must be. plotted .wiflvin ninety days-after the first ;issw- of'this prOspsctus the siib- *" ■scriptio.n list will close' oft or before the fourteenth d.tiv 'of ■■ Dceeml>er. next. ' ■ This prospectus has been duly filed with the Registrar of ■ Companies. , ■ SIDNET J. NATHAN R. HBATON RHODES ' CLAUDE SLACK H. B. WILLIAMS ■ . NATHANIEL WILSON . Dated this seventh, day of November. 19V5. -M