Page 1 Advertisements Column 3

Gisborne Times, Volume XVIII, Issue 1490, 26 June 1905, Page 1

THE NEW ZEALAND SHIPPING COMPANY'S - BOYAL MAIL STEAMEBS, FOB LONDON, Via Monte Video, Tenerifie and Plymouth. :Twln-screw steamers. Passengers are boobed at Lowest Bates and lorwarded to port oi steamer's departure iree of extra expense. Tiokets issued lor Passages from Great Britain for £l7 and upwards. For freight or passage, apply to— THM N.2 J SHIPPING COMPANY,.

LIMITED, Lo.wa Streat, Gisborne. CANADIAN-AUSTRALIAfJ LINE EXCURSIONS 'tO _ THE FAMOUS CANADIAN. SUMMER RESORTS. ■BANFF, FIELD,, AND GLACIER IN. THE ROCKY. MOUNTAINS,. FIRST-CLASS RETURN FARE INCLUDING RAIL AND STEAMER FARES AND. HOTEL EXPENSES, £65.

MTOWERA leaves Sydney June 12, leaves Fiji June 20, arrives [Vancouver. July 6. MA'NUKa; (Twin Screw) leaves Sydney July 10, leaves Fiji July 18, arrives Vancouver August 3. AORANG-I leaves Sydney Aug. 7, leaves Fiji August 15, arrives Vancouver'August 31,; New Zealand passengers can connect at-Fiji. THE FINEST ROUTE To THE OLD WORLD AND THE NEW,. For all particulars apply— UNION S.S. CO., » ' , Managing Agents.; PROSPECTUS OF. THE! GISBORNE FARMERS’ CO-OPERATIVE COY. LIMITED.

ITlie Memorandum anil Articles ® of Association were duly registered on the 20 th day. of February,, 1905, ■2. The proposed Directors of the Company who are to hold office until the first Ordinary Meeting of the Company, which shall be held after the Statutory Meeting, if tihe Statutory Meeting shall confirm such appointment, are :—■ JOHN CLARK,, .Te Arai, Sheepfarmer. FRANK BRAYTON BARKER, Gisborne, Shoeofarmer. .WALTER RICHARD BARKER, Gisborne, Sheepfarmer. .WILLIAM KNOX CHAMBERS, Repongaere, Sheepfarmer. PHILIP THORNTON KENWAY, Whataiipoko, Sheepfarmer. CECIL ALBERT DeLAUTOUR, Gisborne, Sheepfarmer. CHRISTOPHER JOHN PARKER,. Te Arai, Sheeprarmer. WILLIAM TOMBLESON, Patutahi, Sheepfarmer. 3; The Broker, for the Company is Mr Thomas Coleman, of Gladstone road, Giitbome, Accountant. d. : The objects and power* of the Ccmoany, 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 are Preference Shares, 30,000 are 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.

Tie Preference Shares entitle the holders thereof :>— Subject to tbc creation and maintenance of a Reserve Fund and for all the purposes of Article No. 6 hereunder, to a fixed cumulative preferential dividend at the rate of 8 per centum per annum on the amount paid -up thereon for the time being. The Ordinary Shares entitle the holders thereof : Subject to the creation and maintenance of a Resenve Fund and for all the purposes of Article No. C hereunder, and subject to fthe right of holders of Preference Shares to a fixed non-cumulative (preferential dividend at the rate of 6 per centum per annum.

G. 15,161 Preference Shares and 2000 Ordinary Shares are now offered to lhfi_p;Ufblic for subscription, to be paid as follows : 5s per Share on application.

5s per Share on allotment. 10s per Share at three months alter allotment, anil the remaining 20s per share shall he payable as the same may, be called up by; the Directors in accordance Witu the Articles of Association. Or alternatively the applicant upon allotment may give a Promissory Note at sis mouths with interest added at the rate o£ 6 per cent, for the sum or os per Share due upon allotment, and the sum of 10s per Share due three months after allotment.

.NOTE, —The Promoters do not consider i.t' will be necessary, or desirable to call up more .than. 20s per Share, but they do not guarantee this or assume in any. way to bind the Directors hereafter to bo appointed by the Shareholders. 7. The Company has privately, offered the Preference Shares to the 'Shareholders of the Gishorne Sheepfarmers’* Frozen Meat Company, •Limited, as required by the Articles of Association, and 1830 Shares have been subscribed, and the amount paid on such Shares is L 1,250 15s. ‘The list of Subscribers to the date of the time of this Prospectus can be seen at the oibce of Mr r lhonias Coleman, in Gladstone road. | 8. The minimum subscription on which the Directors may proceed ‘to I allotment is 7500 Shares (inclusive j „f 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 themselves the large promts now reaped by other persons and companies in the sale and distribution of all kinds of farming produce, aud (secondly) in the supply to farmers, retail storekeepers and the general public of all manner and kind of goods, chattels, and effects from time to time required. ■ JO. The preliminary expenses of