Page 3 Advertisements Column 5

Gisborne Times, Volume XVIII, Issue 1477, 10 June 1905, Page 3

PROSPECTUS OK THE] GISBORNE FARMERS UO-OPERATIVE COY., LIMITED. I.Tlio Memorandum anil Articles • of Association wore duly registered on the 20 tli .day. of February,, 1005 ; ,

■2. Tho proposed Director® of the Company, who are to hold office until tho first Ordinary Mooting of tho Company, which shall he hold after tho Statutory Mooting, if tho Statutory, Mooting shall confirm such appointment, aro :— 1 J.OH'N CLARK,, ,T 0 Aral,. Slicoj ’ farmer. FRANK BRAYTON BARKER, Gisborne, Sliocpfarmer.. .WALTER RIGI-lARD BARKER, Gisborne, Sheepfarmor. WILLIAM KNOX CHAMBERS, Repongaere, Slieepfarmor. PHILIP THORNTON KEN.WAY, WhatanpoK’o, Sliocpfarmer. CECIL ALBERT DoLAUTOUR, Gisborne, Sheopfarmor. CHRISTOPHER JOHN PARKER, To Arai, Sheepfarmer. WILLIAM TOMBLESON, Patutalii, Sliocpfarmer. 3. The Breter for tho Company is Mr Thomas Coleman, of Gladstone road, Gisborne, Accountant. d« 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 tho Company is £IOO,OOO, divided into 50,000 shares of .£2 each. Of those 20,000 arc Preference Shares, 30,000 • are Old nary Shares,, total 50,000 Shares. The rights” attaching to the var

ous alasses of Shares aro fixed by the I Memorandum of Association, and the Articles of Association. The Preference Shares entitle the holders thereof : Subject to the creation anil maintenance of a Reserve Fund and for all the purposes of Article (No. (i hereunder, to a fixed cumulative preferential dividend at the rate of 8 per centum per annum on the amount paid ,up 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 of Article No. G 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 anil 2000 Ordinary Shares arc now offered to tb£_j);ublie foe subscription, to be paid as follows : 5s per Share on application. 5s per Share on allotment. 10s per Share at three months alter allotment, anil the remaining 20s per share shall be payable as the same may, be called np 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 of 6 pen cent, for the sum of 5s per Share due upon allotment, and the sum of 10s per Share duo three months after, allotment. hOTE, —The Promoters do not consider; it will be necessary or desirable to call up more than 20s per Share, but they do not guarantee this or assume in any way to bind the Directors hereafter to be appointed by. the Shareholders. 7. The Company has privately. of J l'erod the Preference Shares to the 'Shareholders of the Gisborne Sheepfarmers’'" Frozen Meat Company, .'Limited, as required by the Articles of Association, and 1839 Shares havo been subscribed, and the amount paid on such Shares is d 11,259 JSS. "The

list of Subscribers to the date of the time ot' this Prospectus can be seen at the office oi Mr .Thomas Coleman, in Gladstone road. S* 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 Sheepfarmers’ Frozen" Meat Company, Limited)., 9 a This Company has been formed for the purposes of : ' First, enabling 'the Farmers fif 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 large profits now: reaped by. other persons 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 mail Tier, and kind pf goods, chattels, and effects from time to time required. 10. The preliminary expenses of •and incidental to the formation) and establishment of :the Company, and until the Company shall ho entitled to commence bu»incss are estimated to amount .to £l5O, and Will I ho borne by .the Company. 11. The Company lias agreed to pay to the Broker a commission at the rate of not exceeding £2 10s per cent, on all Shares of which he procures the subscription.

12. A Director’s qualification slia.ll j lie 50 shares, and he must also lie a qualified Shareholder, . . 13. The Company has adopted ■Table A pi v The Companies Act, 1003,” except as added to ajid modified by, the general Articles oi Association, which form part of this Prospectus. 14. Applications for Shares should ho sent to Mr Thomas Colomau, Interim Secretary, together with the amount payable on application. If no allotment is made the deposit will be returned in full, and if the number of shares allotted is loss than tho number applied for tho 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 ho obtained at the office of Mr Thomas Coleman. 15. This Prospectus has been duly filed with, the Registrar of Joint Stock' Companies, (Signed) W. K. CHAMBERS. W. R. BARKER. P. B. BARKER. C. A. DeLAUTOUR, JOHN CLARK. PHILIP T. KENWAY. WM. TOMBLESON. C, J, PARKER£aIed the 18th day of May, 1005.. 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 Btock or agricultural and held by him evidenced by the Government Stock Returns or Agricultural Statistics immediately prior to such shares being taken up, under the following scale : SHEEPFAP.MERS. Who own 500 sheep or upwards. Shares Every 1000 sheep up to 15,000 ... 25 Every 1000 sheep over 15,000 and up to 25.000 .. .. .. 15 Every 1000 cheep over 25,000 .. 10 FARMERS AND DAIRYMEN. Who own less than 500 sheep. F.very 50 sheep .. .. ..2 Every 10 acres held for cropping .. 1 Every 5 cattie beasts .. .. .. 1 No [preference shares Bhall be allotted to any persons who are not “ qualified Shareholders,” or who with the shares so allotted would become “ qualified Shareholders.” Copies of the Memorandum and Articles of Association may be seen at my office, Gladstone road. THOMAS A. COLEMAN, r-.- Interim Secretary.