Page 3 Advertisements Column 3

Gisborne Times, Volume XVIII, Issue 1486, 21 June 1905, Page 3

PROSPECTUS on THE; GISBORNE FARMERS’ LIMITED.; i'i'ho Memorandum anil Articles ■ of Association were duly registered on tlic 20th day/of February, IJ T The proposod Directors of the Company who arc to hold office until the first Ordinary' Meeting m the Company, which shall be held aftm the Statutory Meeting, if the Statutory Meeting shall confirm such appointment, arc : JOHN CLARK, Tc Arai, ShcepFRANK° r ' DRAYTON DARKER. Gisborne, Sheepiarmcr WALTER RICHARD DARKER, Gisborne, Sliculifarmer. WILLIAM KNOX CHAMLERS, Repongaere, Sbcepf ariimr. PHILIP THORNTON KEN WAY, Whataupoho, .Sheopfarmor. CECIL ALBERT DeLAUI OCR, Gisborne, Slieepiarmcr. - CHRISTOPHER JOHN PARKER, Tc Arai, SUeepfarnier. WILLIAM TOiVIDLESON, 1 atutalii, Sheefifarmcr.

3 The B rtf' or for the Company is Mr Thomas Coleman, o£ Clans tone road, Gisborne, Accountant. ■l. The objects and powers oi the Company are set out in the Memorandum of Association, which loims part of this Prospectus. 5 The Capital of the Company is £IOO 000, ditided into 50,000 shares of £2 each. Of these 20,000 arc Preference shares, 50,000 arc Ordinary Shares,, total 50,000 Shares. The rights attaching to the various classes of Shares are fixed by. the Memorandum of Association and the Articles of Association. Tho Preference JSliares entitle me holders thereof - Subiect to the creation and maintenance of a KeseLjve bund and for all the purposes of Article No. 0 hereunder, to it fixed cumulative preferential dividend at the rale of 8 per centum per annum on the amount paid up thereon

for the time being. Tlie Ordinary Shares entitle the holders thereof : Subject to tlie creation and maintenance or' a Reserve Fund and for all the purposes of Article Ro. t> hereunder, and subject to the right of holders oE Preference Shares to a fixed noil-cumulative preferential dividend at the rate

ol e per centum per annum. C. 15,101 Preference Shares and 20(10 Ordinary Shares arc now ottered to the.. public l'or subscription, to be paid as follows :

os per .“Share on application, os per Share on allotment. i IDs per toiiare at three months after allotment, awl the remaining tills per share shall he payaole as the same may, he calleil up. by. the Directors in accordance Witu tnc Articles of Association. Or alternatively the applicant upon allotment may,' give a promissory Mote at sis montns with interest added at the rate ol G nor cent, lor the sum of os per Share due .upon allotment, and tnc sum o£ lhs per .“Share duo three months after allotment. JNOTE, —The Promoters do not consider, it’ .will be necessary or desirable to call up more .than HUs 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, oifered the Preference Shares to the Shareholders of the G-ishornc Sheepfarmers’.' frozen Meat Company, Limited, as required by the Articles of Association, and 4.839 Shares have been subscribed, and the amount paid on such Shares is ai1,259 15s. 'The list of Subscribers to the date ot the time of this Prospectus can be seen at the oiliec of Mr Thomas Coleman, in Gladstone road. y, The minimum subscription on which the Directors may proceed 'to allotment is 7500 Shares (.inclusive the Shares already subscribed by Shareholders in the Gisborne Sheepfarmers' Frozen Meat Company, Limited)., „ . 9. This Company, has been formed for the purposes of : First, enabling the Farmers of 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 themselres the large profits nowi 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 store keepers and the general public of all manner anil kind of goods, chattels, and effects 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 commence business are estimated to amount to ±llsO, and will be borne by the Company. 11. The Company, has agreed to pay, to the Broker, a commission at the rate of not exceeding £2 10s percent, on all Shares of which he procures the subscription. 12. A Director’s qualification shall he 50 shares, and he must also he 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 scut t° Mi Thomas Coleman, Interim Secretary, together with tlie amount payable on application, If no allotment is made the deposit will be returned in full, aud 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 be obtained 'at the odipe qf Mr

Thomas Coleman. Id. This Prospectus has been 'duly filed with the Registrar ol Joint S.toclc Companies..

(Signed) W. K. CHAMBERS. W. R. BARKER. F. B. BARKER. C.- A. DcLAUTOUR. JOHN CLARK. PHILIP T. KENWAY WM. TOMBLESON. C. J. PARKER-

Dated the 18th day of May, 1905 Witness to the above Signatures—- ' T- 'A. CpJjEMAhJ, 'Accountant, Gisborne. NOTE. A “ qualified Shareholder " means aiiy Shareholder heiug a Sheepfarmer, tanner, or Dairyman holding shares constituting a qualification, according to the stock or agricultural and hold by him evidenced by the Government Stock Returns or Agricultural Statistics immediately prior to such shaves being taken up, under the iollorving scale :

SHF.EPFABMF.KS. Who own 500 sheep or upwards. Shares Every 1000 sheep pp to 15,000 ... 25 Every 1000 sheep over 15,000 and up to 25.G00 .. •. -. 15 Every 1000 sheep over 25,000 .. 10 FARMERS AND DAIRYMEN. "Who own fees than 500 sheep. Every 50 sheep .. *. •• 2 Every 10 acres held for cropping .. 1 Every 5 catt'e beasts .. .. .. 1 Ho ! preference shares shall be allotted to any persons who are not “ qualified Shareholders,” or who with the shares eo 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.