Page 3 Advertisements Column 3

Gisborne Times, Volume XVIII, Issue 1478, 12 June 1905, Page 3

PROSPECTUS OH THEj GISBORNE FARR/lEHS’ UO-OPEBATIVE COY., limited^

I.Tlio Memorandum and Articles a of Association -wore duly registered on tlio 20tli day. of February,. 1005,. ’ _ „ 2. The proposod Directors of the Company who are to hold office until the first Ordinary Meeting of the Company, which shall bo held after the Statutory Meeting, if tlio Statutory Meeting shall confirm, such appointment, are JOHN CLARK,/ To Arai,. SheejpFRA'NK BRAYTON BARKER, Gisborne, ShocpXarmcx.. WALTER RICHARD BARKER, Gisborue, Sheepfarmor. WILLIAM KNOX CHAMBERS Renongaore, SheepfarmorPHILIP THORNTON KENWAY,, Wliataupolio, Shecpfarmer. CECIL ALBERT DeL'AUTOUR, Gisborne, Sheepfarmor. CHRISTOPHER JOHN PARKER, To Arai,, Shecpfarmer. WILLIAM TOMBLESON, Patutahi, Shcepfarmer. 3. The Broter, for the Company is Mr. Thomas Coleman, of Gladstone road, Gisborne, "Accountant. 4. Tlio objects and powers of .the Company are sot 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 are Preference Shares, 30,000 are Ordinary Shares, total 50,000 Shares. The rights'” attaching to the various elasses of Shares are fixed by the Memorandum of Associatiou and the Articles of Association. The Preference Shares entitle the holders thereof :>— Subject to the creation and maintenance of a Reserve Fund and for all the purposes of Article No. 0 hereunder, to a fixed cumulative preferential dividend at the rate of 8 per centum per annum on the amount paid up thereon

the for the time being. The Ordinary Shares entitle holders thereof : Subject to the creation and maintenance of a Reserve Fund and for all the purposes of Article -No. 6 hereunder, and subject to the right of holders of Preference Shares to a fixed non-cumulative preferential dividend at the rate of 6 ner centum per annum. 6. 15,161 Preference Shares and 2000 Ordinary Shares are now offered to t-h£_„D.u.blic for subscription, to be paid as follows : os per Share on application. 5s per Share on allotment. 10s per Share at three months after allotment, and the remaining 20s per share shall be payable as the same may be called u® by, the Directors in accordance witn the Articles of 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, forthe sum of 5s per Share due upon allotment, and the sum of 10 s per Share duo three months after allotment. NOTE, —The Promoters da not consider] it will be necessary or desirable to call up more than 20s per Share, but they do not guarantee this on assume in any way .to. bind the Directors hereafter to bo appointed by the Shareholders. 7. The Company has privately offered tho Preference Shares to the Shareholders of the Gisborne Sheepf armors’.' Frozen Meat Company, Limited, as rotfuired by the Articles of Association, and 1839 Shares have been subscribed, and .the amount paid on such Shares is £1,259 15s. ‘The List of Subscribers to the date of the time of this Prospectus can he seen at ; the office of Mr Thomas Coleman, in Gladstone road, 8. 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 Sheepfarmers’ Frozen Moat Company, Limited)., ■ 9 a This Company has been formed for the purposes of : " First, enabling the Farmers gf the East Coast, ca-operation, in carrying on, all mils of Commercial and Mercantile crieral business, inclusive of public nd private sales of lands and live tock and shipping (as agents or ilher.wise),, to obtain for themselves he largo profits now reaped, by other •ersons and companies in the sale md distribution of all kinds of farinn'o- produce, and. (secondly.) in the lupply to farmers,, retail storekeepers and the general public p£ all aaiiner and kind Of goods,, chattels, md effects; from time to .time required. 10. The preliminary, expenses, of and incidental to the formation! and. istablialiment of the Company and until the Company shall be entitled bo commence buffiiness are estimatem X) amount to £l5O, and .will he borne by .the Company. 'll. The Company, has agreed to pay to tho Broker, a commission at the rate of not exceeding £2 10 s per cent, on a)l Shares of which he procures the subscription. 12. A Director’s qualification Shall be 50 shares,, and he must also be a qualified Shareholder, 13., The Company, has adopted Table A of ‘‘ The Companies Act, 1903,” except as added to and modified by, tho gcneraL Articles of Association, which form part of this

Prospectus. ~ . . , 14. Applications for Shares should ho sent to Mr Thomas Coleman, Interim Secretary, together with the amount payable on application. lino allotment is made the deposit Will ho returned in full, and if the number of shares allotted is less than the number applied for tbo 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, be obtained at the office of Mr Thomas Coleman. 15. This Prospectus has been duly filed with the Registrar of Joint S.toclc Companies-. K. CHAMBERS. W. R. BARKER. «F. B. BARKER, C. A. DcLAUTOXJR, JOHN CLARK. PHILIP T. KENWAY. WM. TOMBLESON. C. J_. ; PARKERDated the 18th "day of May, 1905, Witness to, the above Signatures’— T, A. COLEMAN, ' Accountant, Gisbotne,i

NOTE. A “ qualified Shareholder ” I means any Shareholder being a Sheepfarmer, Farmer, or Dairyman holding shares constituting a qualification, according to the stock or agricultural and held by him evidenced the Government Stock Returns or Agricultural Statistics immediately prior to such shares being taken up, under the following SOale ' SHEEPFARMEBS. Who own 500 sheep or upwards. ' Shares Every 1000 sheep up to 15,000 ... 25 Every 1000 sheep, over 15,000 and np to 25,000 -• •• 15 Every 1000 sheep over 25,000 .. 10 FARMERS AND DAIRYMEN. Who own IeES than 500 sheep. Every 50 sheen 2 Every 10 aores held for cropping .. 1 Every 5 cattle beasts ~ .. •. 1 No shares shall be allotted to any persons who are not *‘ qualified Shareholders,” or who with the shares so allotted would become “ qualified Shareholders, il . .. , Copies of the Memorandum and Articles of Association may be seen at my office, Gladstone road. • THOMAS A. COLEMAN, Interim Secretary.