Page 1 Advertisements Column 3

Gisborne Times, Volume XIX, Issue 1496, 3 July 1905, Page 1

:T\vin-screw steamers. Passengers ara booked at liowcst Bates and forwarded to port ot steamer's departure free ot extra expense. Tiokets issued tor Passages from Great Britain for £1.7 and upwards. For freight or passage, apply to— DCE® NtSDj SHIPPING CDMFBEESy.' LIMITED, Lows Street. Dishorne^

PASADIAN-AUSTBAUAa LINE TO EUROPE, iVI'A* CANADA AND AMERICA^ 111 conjMnctioK with the CANADIAN? PACIFIC RAILWAY, and all ATLANTIC LINDS; No other Line can offer .'tliC same facilities to vlaw the Wonfders of CANADA and AMERICA*. LUXURIOUS ACCOXIMODATION, pa STEAMERS anil TRAIN,

CC-ert Sailing S.S. MANUKA-, Sidney, 10ih J.uSy, con-nsaiion st-oamer-at Auckland to Fiji 12tli July, followed iiy R.M.S, AOR'AtsJGI and MiaWiERAk For all particulars apply—- - .UNION S.S. CO., Managing Agents. PROSPECTUS : I

OE fHEI GISBORNE FARMERS 1 CO-OPERATIVE COY. LIMITED. i.The Memorandum and Articles o of Association were duly- registered op the 2UUi 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. • . PRANK BRAYTON BARKER,. J ~ 'Gisborne, Sheeufarmer-.;" ,r ~ a WALTER RICHARD BARKER, .Gisborne, Sheepfarmer. WILLIAM KNOX CHAMBERS, Renongaere, Sheepfarmer. PHILIP THORNTON KENWAY, Whataivpoho, Sheepfarmer. CECIL ALBERT, BeLAUTOUR, Gisborne, Sheepfarmer. CHRISTOPHER JOHN PARKER, Te Arai, Sheepfarmer. WILLIAM .TOMBLESON, Patutahi, Sheepfarmer. 3, The Broker for the Company is Mr .Thomas Coleman, of Gladstone road, Gisborne, Accountant. 1 A-, The object* and power* of .the Company ore set out in the Memorandum of Association, which forms part of this Prospectus?. a. .The Capital gf 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 tp the various classes of Shares arc 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 Fund and for all the purposes of Article No. 6 hereunder, to a fixed cumulative preferential dividend at the rate ol 8 pgr centum per annum pn the amount paid ftp 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 tp a fixed non-cumulativo preferential dividend at the rate of 6 .per centum per annum. 6, 15,161 Preference Shares and 2000 Ordinary Shares arc now offered to thg_-public 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 bo payable as the same may, be called u® by the Directors in accordance witn the Articles of. Association. Or alternatively the applicant upon allotment may give a Promissory Note at sis months with interost added at the rate of 6 per cent, for the sum of 5s per 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 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 be 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, ;uKI 4839 Shares have been subscribed, an'd the amount paid on such Shares is £1,259 15s. ‘.The list of Subscribers to the date of the time of this Prospectus can be seen at the office of Mr Thomas Coleman, in Gladstone road. 8. The minimum subscription on which the Directors may proceed ‘to allotment is 7500 Shares (inclusive „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 pf the East Coast, by • co-oneration. in carrying on all hinds 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 hinds of farming produce, and (secondly) in the Supply to farmers, retail storekeepers and the general public of all Planner and hind of goods, chattels, and effects from time to time • required. 10, .The preliminary expenses Of