Page 3 Advertisements Column 2

Dominion, Volume 9, Issue 2635, 4 December 1915, Page 3

costs to a minimum, placing the Company in a posi- II tion to compete Tvith existing industries or any im- Wi ported goods. || oa nm h °n ™ in , imum subscription has teen fixed at ifi aJjULKj _£o shares, upon which the Directors may proceed to allotment. ag! The Vendors, to show their confidence, ask no 1! cash whatever, accepting payment in fully paid-un ' m shares, and are subscribing in cash a Director's H • qualification, m The shares subscribed for in the Memorandum of x |j§ Association are all contributing, shares. :jg -Each, of the signatories to tho Memorandum of Association may, prior to allotment, increase the if number of shares subscribed for in the Memorandum. ■ % No consideration of any kind has been given or • ® promised, or will be given or promised by the pro< §9 moters to any .person to induce him to become a H Shareholder or Director. M No application for less than two shares will bo P accepted. - A holder of stock will be entitled to one voto for every £10 worth of stock or fraction thereof 1$ up to a maximum of' 100 rotes for any ono share- 1 holder. . , Kg • The preliminary expenses of and incidental to the M formation and\ establishment of the Company, ' and IP until" the Company shall bo entitled to commence P business (exclusive of brokerage at 2}. per cent, on M subscription procured) are estimated to amount ito If not more than ' £1,250, and will be borne by the m Company. si The qualification of a Director shall he 1 the hold- |e ing of twenty shares (or stock) of the Company, of 1| the nominal value of ' £100. || Tho future remuneration of the Directors, and |§ their remuneration. for services performed previously is to the first General Meeting, shall be determined by Wi the Company in General Meeting, and shall be di- Wi vided among them in such proportion and in such M manner as tho Directors may determine, or in de- M fault of determination, equally. ' A resolution of the . majority of the Directors to forego or iwstpone the receipt of the whole or any part of the remuneration w shall bind all the Directors, and their remuneration shall be abated or postponed accordingly. The Di- |j rectors shall be entitled to be. paid by the Company ® their travelling expenses incurred on the Company's 1| ' business. Si Tho company, will manufacture every grade of M superphosphate, basic super, special manures, and all w grades of acids, for commercial purposes, and will fp, trade in all lines of artificial manures. y® • An Agreement has been made bearing date the ifi 29th of October, 1915, whereby Thomas W. Deakes M and Samuel I. Crookes, as Vendors and Promoters, f|l agree with Charles J. Schnauer, of Auckland, Solici- |1 tor, as Trustee for the Company, to assign and trans- |§ fer their rights and benefits in several offers for an g$ unlimited supply of phosphate rook, and for the p supply of other necessary materials, and in an option g* from the Now Zealand Loan and Mercantile Agenr.-y fp Company, Limited, over a suitable site of 40 acres, f§ at £175 per acre, of which £150 per acre is to be If paid by the Company in cash, and £25 per acre by §& the issuo by the Company of 200 fully paid-up shares, lb! also in general plans an information and data rela- I® ti\e to the works and'plant. '■ The consideration therefor, and for their services jll as Promoters, to bo the issue by the Company to ' 1 m each'of the Vendors of two thousand shares in the '$1 capital of the Company credited as fully paid up to (flj fivo pounds each. Such consideration has been fully pi inquired into, and approved by, the Executive of the s&l Auckland Provincial Farmers' Union, and it will be |f noted that the Vendors to 6how thei.- confidence in || the Company are not asking any cash. In such p Agreement the services of the saia , Thomas W. {& Deakes and Samuel I. Crookes are also secured as M Managing Director and Consulting Engineer respec- .k| tively, on the terms set out therein. fig Brokerage will he payable by the Company to j§|' brokers on the subscriptions procured by them at the m . rate of 2} per cent, on the capital value of the shares. §| All reports referred to in this .Prospectus, .copies ® . of the Memorandum and Articles of Association of H the Company, and of' the Agreement, Option, and' offers- referred to can be inspected <-u the office of M 1 • ■ the Secretary, Sir. W. B. Kirkwood, Brunswick Build- It ings, Queen Street, Auckland, during business hours. • " The system of manufacturing concentrated manures, saving freight and oartage to the farmers In fS. outlying aistriots, will be an aim of the Company. ill! It is anticipated that not more than £2 10s. per H share will be required to be called up, calls to be at If ■ intervals of not less than two months. ' if •" No payment will be made by the Company, either || ' in cash or in shares, to any Promoter of the Company, H excepting the 4,000 fully paid-up shares to the , M. Vendors, as beforo mentioned. . ' m Application for shares should be made on the m form accompanying this Prospectus, forwarded to tho 'M ■ Secretary of the Company, together with' the amount || per, share payable on application. ' If no allotment'is made on any application the deposit will be returned W ■ in full, and if the number of shares allotted on any r£ application is les6 than tho number applied for, the M balance of application monoy will be applied in re- |s| duction of the allottee's future liability on the shares ' allotted. " . .SB • As the minipium subscription must be allotted 11 within ninety dajs after the, first issue of the Pros- If pectus, the subscription list will close-on. or beforo || the seventh day of February, 1916. || Tliis Prospectus has been duly filed with the ® Registrar of Companies. jlj Dated this 9th day of November, 1915. •' ALEX. A. ROSS. i ' JAMES BODDIE. EfJ' E. SOMERVILLE. M GEO. T. BAYLY. ROBERT DICK.. M S. IRWIN CROOKES. H ■ THOMAS W. DEAKES. si 1 .Witness to tho above Signatures;— < , fa WM. B. KIRKWOOD, . ill' Public Accountant, Auckland.