Page 1 Advertisements Column 3

Gisborne Times, Volume XIX, Issue 1497, 4 July 1905, Page 1

THE NEW ZEALAND BHlP'j\v PING COMPANY’S ROYAL MAIL STEAMERS, FOE LONDON, Via Monte Video, Tonoriffe and Plymouth. Passengers are booked at Lowest Bates and forwarded to port of steamer’s departure free of extra expense. Tickets issued for Passages from Great Britain for £l7 and upwards. For freight or passage, apply to— TH2a N.a SHIPPING COMPANY, limited, Lowb Street, .Gisborne, CANADIAN-AUSTRALIAN LINE TO EUROPE. VIA CANADA AND AMERICA. Ia conjunction with the CANADIAN* PACIFIC RAILWAY and all ATLANTIC LINES, No other Line can offer tlfC same feeilities to view the Wonjders of CANADA and AMERICA. UJICRIOUS ACCOMMODATION pn STEAMERS and TRAIN, gOort Sailing S.S, MANUKA, Sydney, 10Ih July, connection steamer as Auckland to Fiji 12th July, followed by Jt.M.S, AORANGI and MIOWERA, Foe all particulars apply— UNION S.S. CO., Managing Agents.

PROSPECTUS OF. THE! GiSBORfIE FARMERS’ UO-OFERATSVE COY. LIMITED, i.The Memorandum and Articles o oi Association were duly registered os the 20th day of February,, 1905, 2. The proposed Directors or' the Company who are to hold office until the first Ordinary Meeting oX the Company, which shall be held after the Statutory Meeting, if the Statutory Meeting shall confirm such appointment, are : JOHN CLARK* ,Tc Arai, Sheepfarmor. FRANK DRAYTON BARKER, Gisborne, Sheepfarmer.. WALTER RICHARD BARKER, Gisborne, Sheepfarmer. WILLIAM KNOX CHAMBERS, Repougaere, Sheepfarmer. PHILIP THORNTON KEN.WAY, Whataupoko, Sheepfarmer. CECIL ALBERT, DeLAUTOOR, 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, Giaborne, Accountant. 4, The objects and power* of 'the Company, 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 olasses ofs.Shares are fixed by tho Memorandum of Association and the Articles of Association. i 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 of 8 per centum per annum, pn the amount paid 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 arc now offered to the,.public for subscription, to be paid as follows : os 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 sis mouths with interest 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 throe mouths 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 be appointed by the Shareholders. 7. The Company has privately offered t/lio Preference Shares to the Shareholders of the CHsbornc Sheepfarmers'’ Frozen Meat Company, 'Limited, as required by the Articles of Association, and 1539 Shares have been subscribed, and the amount paid on suoh Shares - is i 11,251) Jos. 'The list of Subscribers to the date of the time of this Prospectus can be seen at the ollice oi Mr Ihomas Coleman, in Gladstone road. 8. The minimum subscription on which the Directors may uroceed 'to allotment is 7500 Shares (inclusive „f the Shares already subscribed liy 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 kinds of Commercial and Mercantile general business, inclusive of public aud 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 aud distributioh 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 required. 19, .The preliminary, expenses of