Page 1 Advertisements Column 3

Gisborne Times, Volume XIX, Issue 1495, 1 July 1905, Page 1

The new zeaL4ND SHIPPING COMPANY'S LINE BOYAL MAIL STEAMEKS, FOK LONDON, Via Monte Video, Tenerifle and Plymouth. :T\vlu-scre\v steamers. Passengers arc. booked at Lowest Bates and iorwarded to port of steamer's departure free of extra expense. Tioketa issued lor Passages Irom Groat Britain lor £l7 and upwards. For freight or passage, apply tp—-a-Hia N.H h SHIPPING: COMPANY, LIMITED, Lows Street,. .Gisborne, CAMDIAN-MSTRALIAI3 LII^E ,TO EUROPE. ,1/1A CANADA AND AMERICA, In conjunction: with the CANADIAN? PACIFIC RAILWAY and all ATLANTIC LINES.

Nq otlior Line can otter ftitfU same feeili ties ta view the Wonfclcrs of CANADA and AMERICA-, LUXURIOUS AC C OMMODAT lON pn STEAMERS and TRAIN... ; West Sailing S.S. MANUKA, Sydney, 10th "July, coiinoe'tiou steamer at Awcliiand do Fiji 12th July, followed by It.M.S. AORANGI ami MIO.WERA. For all particulara apply— UNION S.S. CO., Managing Agents, PROSPECTUS OF THE] GISBORNE FARMERS’ UO-OPERAT3VE GOY. LIMITED. ■g Tiie Memorandum and Articles JL® of Association were duly registered on the 20th 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 the Statutory. Meeting shall confirm such appointment, are : JOHN .CLARK,. .Te Arai, Sheepfarmer. FRANK BRAYTON BARKER, Gisborne, Shoepfarmer.. WALTER RICHARD BARKER, Gisborne, Sbeepfarmer. WILLIAM KNOX CHAMBERS, Reuomgaere, Sbeepfarmer. . PHILIP THORNTON KENWAY, Whabaupoko, Sheepfarmer. CECIL ALBERT DeLAUTOiUR, Gisborne, Sbeepfarmer. CHRISTOPHER JOHN PARKER, Te Arai, Sheepfarmer. WILLIAM TOMBLESON, Patubahi, Sheepfarmer. 3, The Broker for tho Company is Mr. Thomas Ooleman, of .Gladstone road, Giebomc, Accountant. d* 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 l£loo,ooo, divided into 50,000 shares of £2 each. Of these 20,000 are Preference Shares, 30,000 are Ordinary Share* s total 50,000 Shares. The rights attaching to the various alasses of Shares are fixed by the Memorandum of Association and the Articles of Association.

Tie Preference 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, to a fixed cumulative p.referential dividend at the rate oi 8 per centum per annum on the amount Raid 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. 6 hereunder, and subject to the right of holders of Preference Shares to a fixed non-cumulative preferential dividend at the rate, of 6 per centum per annum. 6. 15,161 Preference Shares and 2000 Ordinary Shares are now offered to for subscription, to be paid as follows : 5s per Share on application. 5s per Share on allotment. 10s per Share at three months after allotment, and the remaining 20s per share shall be payable as the same may, be called up> by; the Directors in accordance witn the 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 per cent, fori the sum of 5s pen Share due upon allotment, and the sum of 10s per Share due three months after allotment. NOTE,, —The Promoters do not consider) it will be necessary or desir-. able to call up more than 20s per Share, but they do not guarantee this on assume in any way, to bind the Directors hereafter to ho appointed by the 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 183!) Shares have been subscribed, and the amount paid on such Shares is £1,25!) 15s. ‘The list of Subscribers to the dato of tlis time of this Prospectus can be seen at the office of Mr Ihomas Coleman, in Gladstone road. 8. The minimum subscription on which the Directors may proceed ‘to allotment is 7500 Shares (inclusive of 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-'oDeration, in carrying on all kinds of Commercial and Mercantile general business, inclusive of public and private sales oi lands and. live stock and shipping (as agents or . otherwise)., to obtain for themselves , the largo profits.now reaped, by other persons and companies in j the sale 1 and distribution of all kinds of farming produce, and (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 reI qtiiredv ' 10, Tbs preliminary; expenses 'of-