Page 3 Advertisements Column 3

Gisborne Times, Volume XVIII, Issue 1481, 15 June 1905, Page 3

PROSPECTUS ; OK , THEi GISBORNE FARMERS’ UO-OPERATIVE GOY., limited. ITho Memorandum and Articles a of Association wore duly registered on the doth day. ot February,, 2 The proposed Directors of the Company, who are to hold office until tho .first Ordinary Meeting o£ the Company* iwliiolfc sluall licld after the S tatutory, Meotimg, it tlio Statutory Meeting shall confirm such appointment-, are JOHN CLARK, To Arai, Slieop-FRAN-K' BRAYTON BARKER, Gisborne, Shcoßfarmor, WALTER RICHARD BARKER, Uisboruo, Sheepiarmer. WILLIAM KNOX C H AMBERS, Reuoneacre, fcShccplarmcr. PHILIP THORNTON KENWAY, Wliatanpiolio, Sheepfarmcr. CECIL ALBERT. DoLAUiOUR, Crisnorne, Sheop.f armor. CMR ISTOi“HER JOHN PARKER, To Arai, Sheeplarmer. WILLIAM TOMBLESON, Patutahi, Sheefii'armer.

3. Tlio Bruner, for the Company is Mr Thomas Coleman, of Ulaustouc 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 Company is £IOO,OOO, divided into 50,000 shares of £2 each. Of these 20,000 arc Preference Shares, 30,000 are Ordinary Shares, total 50,000 Shares. The rights"* attaching to the various Masses of Shares are fixed by. the Memorandum of Association and t/lic Articles of Association. The Preference Shares entitle the holders thereof Subject .to the creation.and maintenance of a Reserve found and for all the purposes of Article ,Mo. (i hereunder, to a fixed, cumulative preferential dividend at the rate of 8 per centum per annum pn the amount paid up thereon lor ,the time being. The Ordinary. Shares' entitle the holders thereof : ’Subject to, the creation and maintenance of a Rosenvo Fund and for all the purposes of Article ■No.. 0 hereunder, and subject to tho right of holders of Preference Shares tQ a fixed no.n-cumulative preferential dividend at the rate of 6 per centum per annum.

6. 15,161 Preference Shares and 2000 Ordinary Shares are now oiiorod to t/hc_j3;iiblic for subscription, to be paid as follows : 5s per Share on application--5s pen Share on allotment. 10s per Share at three months - alter allotment, and the remaining 2Us per share shall be payable as tho same may be called up by, the,Directors in accordance witu tlie Articles of Association. Or alternatively the applicant upon allotment may give a Promissory. JNote at sis raointbs with interest added at the rate of 6 per cent, for the sum of 5s per Share due upon allotment, and the s.u,m of lbs per Share due three months after allotmeul>. , i\ O’l'K, —The Promoters do not consider it will be necessary or desirable to call up more .than 20s per fclhare, but they, do not guarantee this on assume in any way. to bind ■the Directors hereafter to, be appointed by tbe Shareholders. 7. The Company has privately offered the Preference Shares to, the ! Shareholders of the Gisborne Sheepfarmers’'* frozen Meat Company, ..Limited, as required by the Articles of Association, and dS39 Shares have and .the amount paid on such Shares is d 11,250 15s, The list of Subscribers to the date of the time of this Prospectus can be seen at the office of Mr Thomas Coleman, in Gladstone road. <s. The minim,um su b script ion on which the Directors may proceed ‘to allotment is 7500 Shares (inclusive M tho Shares already subscribed by. Shareholders in the' Gisborne Sheepiarmers’ Frozen Meat Company, Limited)., ' 9, This Company; has been formed for Uffe purposes of : First, enabling the Farmers of the East Coast, by co-oueration, in carrying on all kinds of Commercial and Mercantile general business, inclusive of public and private sales of lands and live s.tock and shipping (as agents or, otherwise),, to obtain for themselves the large profits n,owi reaped by. other persons - and companies in. the sale au,d distribution of all hinds of farming produce, and (secondly) iu the supply to farmers,, retail storekeepers and the general public of all tp :i ?it■ cr~ and kind iof goods, chattels, and effects from time to time reel

[Uirocl. 10. The preliminary, expenses ol and. incidental to the formation and establishment of the Company, and until the Cornuany shall bo entitled .to commence business are estimated to amo.unt ,to £l5O, and will he borne by ithe 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 which: he procl

sures th.c subscription. 12. A Director's qualification scjau lie 50 sh'ares,. and he must also he a qualified Shareholder.; .. 13. The Company; has adopted ■Table A of '•* The Companies Act, 1003,” except as added to and modified by, the general Articles of Association, which form part of this Prospectus. , . . 14. Applications for Shares should bo 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 lor the balance of the application money will he applied in reduction of the allottee’s future liability on the Shares allotted. Conies of the Prospectus and (Forms o£ Application for Shares may, be obtained at the office or Mr Thomas Coleman. 15. This Prospectus has beeu duly filed with the Registrar of Joint Stock; Companies.

(Signed) W. K. CHAMBERS. W. R. BARKER. •F. B. BARKER. C. A. DeLAUTOUR, 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, Gisborne-i

NOTE. A “ qualified Shareholder ” 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 by the Government Stock Beturns or Agricultural Statistics immediately prior to such shares being taken up, under the following SOalo ' SHEEPFABMERS. Who own 500 sheep or upwards. Shares Every 1000 sheep up to 15,000 ... 25 I Every 1000 Bheep over 15,000 and up to 25 000 .. -. .. 15 Every 1000 Ebeep over 25,000 .. 10

FARMERS AND DAIRYMEN. Who own IeES than 500 sheep. Every 50 sheep .. .. . • 2 Every 10 acres held for cropping .. 1 Every 5 cattle beasts .. .. .. 1 No \preference shares shall 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, Interim Secretary.