Page 1 Advertisements Column 4

Gisborne Times, Volume XVIII, Issue 1466, 29 May 1905, Page 1

PfiOSPECTUS OF: THE GISBORNE FARMERS’ UO-OPERATiVE COY., LIMITED. JTho Memorandum- anil Ar tides -• of Association, wore duly registered on the 2Uth day of February,, 1005... ■2. The proposed Directors of tiio Company wlm are to hol'd office until ithc first Ordinary Meeting of the Company, which shall be held after the •Statutory Meeting, if the Statutory Mooting shall confirm such appointment, arc JOHN CLARK, To Arai, Shcopfarmor. F RANK DRAYTON BARKER, Gisborpe, Slicepfarmor. WALTER RICHARD BARKER, Gisborne, Sheepfarmerr. WILLIAM KNOX CHAMBERS, Rcpongacre, Shcopfarnier. PHILIP THORN TON KJiNWA Y, VVliataupoK'o, Shecpfarmer. CECIL ALBERT RoL AUTOUR, Gisborne, Sheupfarmer. CHRISTOPHER JOH)N PARKER, To Arai, Shecpfarmer. WILLIAM TOMBLESON, Palutalii, Shecpfarmer.

3. The Broker, for the Comuaay is Mr. Thomas Coleman, of Gladstone road A .Gisborne, Accountant. 4. The objects and powers or .the Ccmnany are set out in the Memorandum or Association, which forms part of this Prospectus. 5 The Capital pr the Company is £IOO,OOO, divided into 50,000 shares or £2 each. Ot these 20,000 are Prercronco' Shares, 30,000 are Ordinary Shares,. total 50,000 Shares. The rights" attaching to the various glasses or Shares are fixed hy the Memorandum or Association and the Articles or Association. The Preference Shares entitle the holders thereof :*— Subject to the creation and main- , tonanco or a Reserive Fiuind and for all tlio purposes of Article No. (i hereunder, to a fixed cumulative preferential dividend at the rate of S pgr centum per annum on the amount paid ,u,p thereon for the time being. The Ordinary Shares entitle the holders thereof : Subject to the creation and maintenance of a Reserve Fund and for all the purposes or Article 'No. (i hereunder, and subject to' the right of holders of Preference Shares to a fixed non-cumulative

preferential dividend at the rate of 6 per centum per annum. G. 15, lfil Preference Shares and 2000 Ordinary Shares are now ottered to thc_ji;uibiic for subscription, to be paid as fol Lows : 5s per Share on application. 5s pen Share on. allotment. 10s per Share' at three months . after allotment', and the remaining 20s per share shall bo payable as the same may, be called up by, the Directors in accordance witn the Articles ol' Association. . Or alternatively the applicant Upon allotment may, give a Promissory Note at sis) months with, interest added at the rate of 6 per cent, for ithe' sum of 5s pep Share due upon allotment, and the sum of 10 s per Share duo three months after, allotment.

J\QTC,; —The Promoters do. not consider iit .will be necessary or desirable la call up more than 20s per Share, but .they do not guarantee this or. assume in any way, to bind •'the Directors hereafter to, bo appointed by the Shareholders. 7* The Company has privately offered the Preference Shares to the Shareholders of the Gisborne Sheopfarmers’.‘ Proven Meat Company, /Limited,, as roqiuired by the Articles of Association; auid 183(1 Shares have been'subscribed, and the amount paid on suoh Shares is '£1,259 15s. ‘The list of Subscribers to' the date of the time of this Prospectus can be seen at the oilice of Mr Thomas Coleman, in Gladstone road. Sj The minimum : subscription on which the Directors may. proceed 'to allotment is 7500 Shares (inclusive

„f the Shares already subscribed by Shareholders in the Gisborne Sheep,farmers' F«ozen' Meat .Company, limited)-, . Of, This Company, has been formed for the purposes of : ' 'First, enabling the Farmers of the East Coast, by co-operation, in carrying on, all kinds of- Commercial and Mercantile general' business, inclusive of public and private sales of lands and live stock and shipping (as agents or otherwise),, to obtain for themselves the largo profits now reaped by, otherpersons and companies in. the sale and distribution of all kinds of farming produce, and (secondly) in the supply to farmers, retail storekeepers and the general public of all manner, and kind of goods, chattels, and effects, from time to ,time required. 10. Tlio preliminary expenses of and incidental to the formation] and establishment of the Company, and until the Company shall be 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 Broker, a commission at the rate of mot exceeding £2 10s per cent, on all Shares of which he procures the subscription.

12. A Director’s qualification shall be 50 shares, and lie must also bo a qualified Shareholder. 13„ The Company has adopted Table A or “ The Companies Act, 1903,” except as added to and modified” by. the general Articles of Associatioaj, which form part of this Prosipectus. 14. Applications for Shares should he sent to Mr Thomas Coleman, Interim Secretary, together with the amount payable on application. If no allotment is made the deposit will bo returned in full, and if the number of shares allotted is less than the number applied for the balance of the application money will he applied in reduction of the allottee’s future liability on the Shares allotted. Copies of the Prospectus , and •forms of Application for Shares may. he obtained at the office of Mr Thomas Coleman.

15. This Prosucclus lias been 'duly filed with the Registrar ot Joint Stock 1 Companies. (Signeil) W. IC. CHAMBERS. W. R. BARKER. F. B. BARKER. C. A. DeLAUTOUR. .JOTJiN CLARK. PHILIP T. KBN WAY. WM. TOMBLESON. C. J. PARKERr-

Dated Dio 18th Uay of May, 1905, Witness to the above Signatures— T. A. COLEMAN, Accountant, Gisborne.

NOTE. A 41 qualified Shareholder ” means any Shareholder being a Sheepfarmer, 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 soaie