Page 3 Advertisements Column 1

Gisborne Times, Volume XVIII, Issue 1465, 27 May 1905, Page 3

PROSPECTUS DE THE GISBORNE FARMERS’ GO-OPERATIVE COY., LIMITED, iiTlio Memorandum and Articles • of Association, wore duly registered o-rt folio 20th- day of February,: 1903, 2. The proposed Directors ol folio Company whp arc to hold office until it ho lirst Ordinary Meeting of folic Company, .which' shall ha held after folio Statutory, Meeting, it folio Statutory Meeting shall .confirm such appointment, ura JOHN CLARK* To Aral, Slieopi'armcr. FRANK BRAY,TON BARKER, Gisborne, Shcepi’anmer. WILLIAM RICHARD BARKER, Gisborne, Sheejilanner. WILLIAM KNOX CHAMBERS, Ecpongaere, Sheep farmer. PHILIP THORNTON KEN,WAY* Whataupoko, Shecptarnier. , CECIL ALBERT DoLAUTOUR, Gisborne, Sheeffifarmer. CHRISTOPHER JOHN PARKER, To Arai,, Sheepfariner. .WILLIAM .TOiMBLESON* Patutahi, Sheepfariner..

3. : ,Tlio Broker ior the Comp any 5s Mr. Thomas "Coleman, ot" .Gladstone road, Gisborne, Accountant, 4, Thtj objects and powers of She Company, are set out in the Memorandum of Association, which forms part of this Prospectus, 5 The Capital of the Company is £IOO,OOO, divided into 50,000 shares of £2 each. Of these 20,000 aro Preference Shares, 30,000 are ..Ordinary, Shares, total 50,000 Shares. .The rights'" attaching to tho various classes of Shares are fixed toy the Memorandum of Association and the Articles of Association. The Preference Shares entitle the holders thereof :i Subject to the creation and maintenance of a Reserve Kujnd and for all the purposes of Article No. 6 hereunder, to a fixed cumulative preferential dividend at the rate of S per centum per annum on the amount Raid Rp thereon

for the time being. The Ordinary Shares entitle the holders thereof : Subject to the creation and maintenance of a Reserve Ruin'd and for ail the purposes of Article No. 6 hereunder, and subject to the right of holders of Preference * Shares to a fixed non-cumulativo (preferential dividend at the rate of 6 per centum per annum. 6, 15,161 Preference Shares and 2000 Ordinary Shares are now offered to th£_j);uiblic for subscription,. to be paid as f ollows :—: 5s per Share on application. 5s per Share on allotment. 10s per Share at three months after allotment, ant'd the remaining 20s per share shall bo payable as the same may be called rip by the Directors in accordance witn the Articles of Association.

Or alternatively, the applicant upon allotment) may give a Promissory, Note at six) months with| interest added at the rate o£ 6. pen cento. for, the sum, o£ os per. Share due upon allotment, and the Sjffim of 10s per Share duo -three months after, allotment. I NOT,Tiie Promoters do mot consider tot will be necessary ,or desirablo to call up more than 20s per Share, hut they, do not guarani tie this on assume in any, way ft© bind ithe directors hereafter, tog too appointed by the Shareholders.' 7* .The Company lias privately offered 'the Preference Shares too the Shareholders of tohet Gisborne Sheepfarmers’1 * Frozen Meat Company, 'Limited,, as required by, the Articles of Association,, and) 4839 Shares have been subscribed,, add rbbe amount paid on sucihi Shares is £1,259-las. •'‘The list of Subscribers to the date of the time of this Prospectus can be seen at the office of Mr ITbJomas Coleman,, in GHads.tone road.;_ 8 a .The minimum subscription on Which .the Directors may proceed ‘to. allotment is 7500 Shares (inclusive .of the Shares already, subscribed by Shareholders in the Gisborne Sheepf armors’ Erozen {Meat .Company,.

I.imiteS}),, 9 3 .This CoinlDiamyi has been formed, for jtitQ purposes fit s ' Fjrst, enabling 'the Farmers of the Bast Coast, by, co-op eration, in carrying on all kinds of Commercial anil Mercantile general business, inclusive of public and private sales p£ lands and live stock and shappinlg (as agents or otherwise);, to obtain for themselves the large profits row: reaped hy other persons and companies in the sale and (distribution of all hinds of terming produce,, and id the supply to farmers,, retail storekeepers and the general public pf all manner and kind of goods, chattels, and effects.' from, time to time required., , 10. The preliminary, expenses or ■and incidental' to the formation) and establishment of the Company and until the Company shall ho entitled to commence business are estimated to, amount to £l5O, and! Will be borne by the Company. 11. The Company, has agreed to Pay to the Broken a commission at the rata of not exoeeding £2 10s per cent, on all Shares of -which he procures the snhscription. , . 12. A Director's qualification shall he 50 shares, and he must also he a qualified Shareholder., 13. The Company, has adopted Table A of “ The Companies Act, 1903,” except as added to and modi* lied by the general Articles of Association, which form part of this

Prospectus. . . 14. Applications for Shares should •"bo stent to Mr T'liomas Coleman-, Interim Secretary, together with the amount payable oB application. ai no allotment is made the deposit will bo returned, in full, and if the number of shares allotted is less tnan the number applied for the balance of the application money will be applied in reduction of the allottee s future liability on the Shares allotted. 'Conies of the Prospectus anil iFonma of Application for Shares inay be obtained at the office of * lri

Thomas Coleman., ' 15. This Prospectus has been duly Mod with, the Registrar o£ Joint Stock! Companies. CHAMBERS. IV. R. BARKER, rp. B. BARKER. C. At DoLAJUTOUR. '.JOHN CLARK. PHILIP T. KEN WAY. ; WM. TOM’I3LES ON. C, : 7 J r , PARKER,Dated the 18'tbi day o£ May, 1905,. Witness itO) the above Signatures—fT, A. COLEMAN, Accountant, Gisborne^

HOTS. A “ qualified Shareholder ” means any Shareholder being' a Sheeplarmer, farmer, or Dairyman, holding shares constituting a qualification, according to the stock or agricultural land held by him evidenced by the Government Stock Returns or Agricultural Statistics immediately prior to such shares being taken up, under the following scale SHEEPFARMERS'Who own 500 Bheep or upwards. Shares and 25 Svery 1000 sheep up to 15,000 Every 1000 sheep over 15,000 up to 25,000 - - - - •• | Every 1000 sheep over 25,000 .. 10 ' FARMERS AND DAIRYMEN. Who own less than 500 sheep. Every 50 sheep - •• 2 Every 10 acres field for cropping .. 1 Every 5 cattle beasts .. • • • • 1 No '• preference shares shall bo allotted to any persons who are not “ qualified Shareholders,” or who with the shares so allotted would become “ qualified Shareh°Cfipies of the Memorandum ,and Articles of Association may be seen at my office, 1 Gladstone roadTHOMAS A. COIiEMAN, Interim Secretary.