Page 3 Advertisements Column 3

Gisborne Times, Volume XVIII, Issue 1483, 17 June 1905, Page 3

PROSPECTUS OE THEd GISBORNE FARMERS’ UO-OPERATIVE COY., ' limited.. ITlio Memorandum and Articles • o£ Association wore duly rogisr terod on the 20tB day. «£ February,, 2. TUo proposed Directors of tlio Company, who, are to hold office until tlio first Ordinary Mooting or the Company, which shall be hold after tlie Statutory, Meeting, if the Statutory, Meeting shall confirm such appointment, are : JOHN CLARK* Tq Arai,. SheepFRANK 01 ' BRAYTON, BARKER,. Gisborne, Shoepfarmer., .WALTER RICHARD BARKER, Gisborne, Slicepfarmor. William knox chambers, ‘ Rcoongaere, Slicep farmer. PHILIP THORNTON K.EN.WAY, Wliatau,polio, Sliccpfarmer. CECIL ALBERT. DcLAUTOUR, G-isborne, Sheopfarmor. CHRISTOPHER JOHN PARKER, Te Aral,. Shoepfarmer. WILLIAM TOMBLESON, Patutahi, Shoepfarmer.

3. The Broker for the Company is Me, Thomas Coleman, of Gladstone toad, .Gisborne, Accountant. <l. 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,UOU, divided into 50,000 shares qI a>2 each. Of these 20,000 are Preference Shares, 50,000- ate Ordinary JShareSj, total 50,000 Shares. The rights attaching to the various Qlasses of Shares,are fixed by, the Memorandum of -Association and the Articles of Association. The Preference Shares entitle the holders thereof Subject .to the creation and maintenance of a Reserve Knud and for all the purposes of Article iSTo. 0 hereunder, to a fixed cumulative preferential dividend at the rate of 8 per centum per annum on the amount paid up thereon lor 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. 6 hereunder, and subject to the right of holders of Preference Shares to a fixed noil-cumulative preferential dividend at the rate

of 6 ®er. Centura per annum. G, 15,iGl Preference Shares and 2000 Ordinary Shares arc now offered to tb£_ji;Ublic for subscription, to be paid as follows :

5s per fcihare ou application; 5s per Share on allotment. Ids i>er Share aL three montlis after sinjrt tiic remaining HOs per share shall be payable as the same may, be called mi by, the Directors in accordance ivitn

the Articles of Association Or alternatively the applicant upon allotment may give a promissory Note at siJ5 moutds with interest added at the rate of 6 per cent, lor ,the sum of os per fcihare due upon allotment, and the s.um of Ids per fcihare duo three months after allots meat. , JNO.TB> —The Promoters d,o not consider it will be necessary, or desirable to call .up more .than 20s per fcihare, but they, do not guarantee this or assume in any. way. .to bind the Directors hereafter to lie .appointed by, the Shareholders. 7. The Company has privately, oiferod the preference Shares to the Shareholders o£ the Gisborne Slieepf armors’'' Frozen Meat Company, Limited, as required by the Articles of Association,, and 1839 Shares have been subscribed, and the amount paid, on suoh Shares is *11,250 15 S. .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 i 5.7500 Shares - (inclusive « i.i i-. „ -r-r>r. oiroodtr Kulvscribed bv the Shares already subscribed by Shareholders in the Gisborne Sheepfarmers' Frozen Meat Company., Limited,)., , y. This Company, has been formed for* the purposes of : First, enabling the Farmers of the East Coast, bv co-oneratiqn, 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 pf all manner, and kind pf goods, chattels, and effects, from time to (time re-. quiro’u. 10. The preliminary, expenses oi 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. - 'll. The Company, has agreed. to pav, to the Broker a commission at the rate of not exceeding £2 10 s per cent, on all Shares of which, he procures the subscription. , 121 A Director’s qualification snail 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, the general Articles of Association, which form part of this Prospectus. It. Applications for Shares should be sent to Mr Thomas Coleman, 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 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 Prospectus has been duly filed with the Registrar of Joint Stock) Companies,. (Signed) W. K. CHAMBERS. W. R. BARKER. F. B. BARKER. C. A. DeLAUTO-UR. JOHN CLARK. PHILIP T. KENWAY, WM. TOMBLESON. C, J, PARKERr Dated the 18th day of May, 1905. .Witness to the above Signatures ,T- A. COLEMAN, •Accountant, Gisborne.i

NOTE. A “ qualified Shareholder ” meanß any Shareholder being a Sheeptarmor, Farmer, or Dairyman holding shares constituting a qualification, according to the stock or agricultural ana held by him evidenced by the Govern ment Stock Returns or Agricultural Statistics immediately prior to Buch shares being taken up, under the following scale :

SHEEPFABMEF.S. Who own 500 sheep or upwards. Shares

Every 1000 Every 1000 up to Every 1000 sheep up to 15,000 ... 25 sheep over 15,000 and 25,000 .. .. 15 sheep over 25,000 •• 10

•FARMERS AND DAIRYMEN. Who own lees 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.