Page 1 Advertisements Column 3

Gisborne Times, Volume XVIII, Issue 1467, 30 May 1905, Page 1

PROSPECTUS OK THE GISBORNE FARMERS’ UO-OPERATIVE COY., luiited. I Tlio Memorandum and 'Articles • of Association wore duly roßistorud on the 20 th day. or February,, 1005. „ ~ ■2. The proposed Directors of the Company who arc to hold office uhtil rtho first. Ordinary Mooting of the Company, .which shall be held alter

tho Statutory Meeting, if the Statutory Meeting shall confirm such appointment, are :■—■ J.Ol-l'N CLARK, To Aral* Sheoplarmer. FRANK BRAY TON BARKER,, Gisborne, Shcopiawncr. .WALTER' RICHARD BARKER, Gisborne,, Shcepiarmer. WILLIAM KNOX CHAMBERS,

Reixmiraere, Sheeptarmer. PHILIP THORNTON KENWAY, Whataiyjoko, Shecpfarmer. CECIL, ALBERT, DoLAUTOUR, Gisborne, Sheep!'armor. CHRISTOPHER JOHN PARKER, Te Aral, Sheepiarmer. .-WILLIAM TOiMBLESON, tahi, Shoepiarmer. Patu-

3. The Broller for the Company is Mr Thomas Coleman, of Gladstone road, Gisborne, Accountant. 4, The objects and powers of the Company are set out in the Memorandum of Association, which forms part of this Prospectus. 5 The Capital of the Comipiany is £IOO,OOO, divided into 50,000 shares of £2 each. Of these 20,000 are Preference Shares, 30,000 are Ordinary total 50,000 Shares. The rights - attaching to the various classes of Shares are fixed by the Memorandum of Association and the Articles of Association. The Preference Shares entitle the holders thereof a— Subject ,to the creation ami maintenance or a Reserve Fund and for all the purposes of Article No. 6 hereunder, to. a fixed cumulative nreferenUal dividend at the rate of 8 per. centum per annum on the amount pa id hp thereon, for the time being- , ' , | The Ordinary. Shares entitle the holders thereof

Subject ’to the creation and maintenance of a Res ell ve Fam'd and for all the purposes ol Article No. 6 hereunder, and subject to the right of holders of Preference Shares to a, fixed non-cumulatiiyo preferential dividend a't the rate of 6 per centum per annum. 61 15,161 Preference Shares and 2000 Ordinary Shares 'are now offered. to th£_n:Uiblic fcvr. Subscription, to be paid as follows as per Share ,on ajp.pl icatiion . 5 s pen Share on. allotment. 10s per Share at three months after allotment, and the remain; ing 20s per share shall be payable as the same may, be called uia by the Directors in accordance with ■the Articles of Association. Or alternatively, the applicant Upon allotment may give a Promissory Note at six] months with) interest added ,at the rate of 6 pen cent, for the sum of 5s pen Share due upon allotment, and the s : u,m. of 10s per Share duo three months after, allotmerit]. ■, KOTjE*—The Promoters da mot consider! it .will be necessary, or desirable tot call .up mote than. 20s per Share, but they do not guarantee this on assume in any way, to bina the Directors hereafter to be appointed by the Shareholders. 7,, The Company has privately, ottered the Preference Shares to the Shareholders of thei Gisborne Sheepfarmers’‘‘ Frozen Meat Company, ;L,imite<l, as required by the Articles of Association,, and 1839 Shares have been subscribed, ahd the amount paid on suah Shares is £1,259 ins. Th° list of Subscribers to the date of the tamo of this Prospectus can be seen at the office of Mr l'lmxu.is. Coleman, in Gladstone road. 8. The minimum subscription “ II which the Directors may proceed ‘to allotment is 7500 Shares (inolusive „r the Shares already subscribed by. Shareholders in the Gisborne Sheepfarmers'.. Frozen Meat .Company,

Limited), _ .. 9, .This Company; has been formed, for the purposes of : ' Eirst, enabling 'the Farmers q£ .the East Coast, by co-oneration, in carrying on, all 1 kinds of Comimercial and Mercantile general business, inclusive of public and private sales of lands and live stock and shipping (as agents or otherwise),, tq .obtain for themselves the large profits itow reaped by, other persons and companies, in. the sale and distribution of all hinds of farming produce,, and (secondly.,), m 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 01 •and incidental to the formation! and establishment of the Company and until the Company shall he entitled to commence business are estimated to amount ibo £l5O, and will bo borne by the Company. 11. The Company has agreed to pay to the Broker a commission at the rate of not exceeding £2 10s per cent, on all Shares of whioh he procures' the subscription- ... ~ 12. A Director’s qualification shall bo 50 shares, an|d be muist also be a qualified Shareholder.; 13. The Company, has adopted ■Table A 1 of The Companies Act, 1903/’ except as added to and modified! by the general Articles of Association, whicli form part of this Prospectus. , 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 l be returned in full, and if the numI her of shares allotted is less than tlio number applied for the balance of the application money will be 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 Prospectus lias been duly, filed with the Registrar of Joint Stock' Companies, (Signed) W. IC. CHAMBERS. W. R. BARKER. F. B. BARKER. C- A. DeLAUTOUR. JOHN CLARK.

PHILIP T. KENWAiY. WM. TOMBLESON. C. J. PABKBRDated the 18th "day of May, 1905, Witness to the above Signatures— T. A. COLEMAN, Accountant, Gisborne.)

NOTE. A “ qualified Shareholder ” means any Shareholder being a Sheepfarmer, Farmer, or Dairyman holding shares constituting a qualification, according to the stock or aericultural laud held by him evidenced by the Govern ment Stock Returns or Agricultural Statistics immediately prior to such shares beI ing taken up, under the following I scale