Page 3 Advertisements Column 5

Gisborne Times, Volume XVIII, Issue 1484, 19 June 1905, Page 3

PKOSPECTUS OE THEj GISBORNE FARMERS’ UO-OPERATIVE GOY., limited* i'Xttio Momora.aU.um ami Articles © pi Association were duly registered on tdio 2Uth. day. oi February,, IUU5 tf •2. The proiMXsed Directors of tlio Company who arc no hold office until the .first Ordinary Mooting of the Company, which shall be held after the Statutory Meeting, if the Statutory Meeting shall confirm such appointment, are : JOHN CLAiIIK* To Aral,. Sheepfarmer. FRANK BKAYTON , BARKER,. Gisborne, ShoerLumer., WALTER RICHARD BARKER, Gisborne, Sheepi'armer. WILLIAM KNOX CHAMBERS, Reoongaere, Sheepi'armer. PHILIP THORNTON KENWAY, WhatanpoKo, Sheepi'armer. CECIL ALBERT. DOLAUTOIUR, Gisborne, Sheopfarmer. CHRISTOPHER JOHN PARKER, To Arai, Sheepf.timer. WILLIAM TOMBLESON, Patutahi, Sheepfarmer.

3. The Broker for the Company is iVlr 'i'liocias Coleman, of Glaustono road, G-iSuorne, Accountant. 4. The objects and powers, of the Company are set out in, the iUemorandum of Association, .which forms

art Oi' this brosiiectue. 5 'ihe Capital oi the Company is £IOO,OOO, divided into 50,000 shares oi £2 each. Oi these 20,000 are preference Shares, 20,000 are Ordinary Pliarc:;, total 50,000 Shares. The rights attaching to the vari- ! ous classes of Shares are fixed by the Memorandum. oi Association and the Articles oi Associatiou. The dereference , Shares entitle the holders thereof Subject to the creation and maintenance of a 1 deserve Fund and for all the purposes of Article >lo. 0 hereunder, to a fixed cumulative preferential dividend at the rate of S per centum per annum on the amount P,aid .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 0 hereunder, and subject to the right of holders of Preference Shares to a fixed, non-cumulative preferential dividend at the rate oi 6 ,per centum per annum. 6 15,161 Preference Shares and 2000 Ordinary Shares arc now offered to the.public for subscription, to be paid as follows : 5s per Share on application. 5s lier Share on allotment. lUs per share at three months after allotment, and tuc remaining 2us per share shall be payable as the same may, be called up by the Directors in accordance .with tne 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 her cent, for the sum of 5s per. Share due upon allotment, and tne sum of Ids per tenure due three montns, after allotment. in OTP-’,' —The Promoters do not consider, i,t will be necessary or desirable to call up more Allan 2Us per Share, but they do not guarantee this or assume ih any way, to bind the Directors hereafter to he .appointed by. the Shareholders. 7. The Company, has privately, offered the Preference Shares to the ►Shareholders of the Gisborne Sheepfarmerav Frozen Meat Company, Limited, as required by the Articles of Association, and 4.889 £shares have been subscribed, and the amount paid on guoh Shares is £1,359 15s. .1-he list of Subscribers to the date oi the time of this Prospectus- can he seen at the office oi Mr .lhpinas Coleman, in Gladstone road

B. The minimum subscription on which the directors may proceed ‘to allotment is 7500 Shares (.inclusive j the Shares, already subscribed by Shareholders in the Uisborne Sheepfarmers’ Frozen Meat Company,

Limited),. , . , a. This Company has been formed for the purposes, 0-f 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 tlie supply to farmers, retail storekeepers, and the general public pf all manner, and kind pf goods, chattels, and oiiects; from time to time required. _ . 10. The preliminary expenses ol , and incidental to the formation and establishment of the Company, and until the Company shall be entitled to commenco bu&iness , are estimatou. to amount to £l5O, and .will be bcxne 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 which he procures the subscription. 12. A Director’s qualification shall he 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. _ 14. 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 be applied in reduction of the allottee’s future liability on the 1 Shares allotted. Copies of the Prospectus and Forms of Application for Shares may, be obtained at the olhce of Mr Thomas Coleman. io. 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-

Dated the 18th 'day ot May, 1905 Witness to the above Signatures— T. A. COLEMAN, • Accountant, Gisborne.

NOTE. A “ qualified Shareholder ” means any Shareholder being a Stcepfarraer, Parmer, or Dairyman holding shares constituting a qualification, according to the stock 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 BCBle :

SHEEPFABMEBS. 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 sheep over 25,000 .. 10

FABMEBS AND DAIEYMEN. ■Who own IeES than 500 sheep. Every 50 sheep .. .. •• 2 Every 10 acres held for cropping .. 1 Every 5 crtt'e beasts .. .. .. 1 No . preference shares abail be allotted to any persons who are not “ qualified Shareholders,” or who with tho shares so allotted would become “ qualified Shareholders.”

Copies of the Memorandum and Articles of Association may be Been at my office, Gladstone road. THOMAS A. COLEMAN, Interim Secretary,