Page 1 Advertisements Column 3

Gisborne Times, Volume XIX, Issue 1505, 13 July 1905, Page 1

rfflHlS HEW ZEA--7.,. .'V -I- LAND SHIP, — itSuiSi. V.SSiaJSasO - • - LINE . ROYAL MAIL STEAMERS, FOR LONDON, Via Monte Video, Tenerifle and Plymouth. ’ :Twln-scre\v steamers. . Passengers are booked at Lowest Rates | and forwarded to port of steamer’s departure free of extra expense. . ‘ . _ - Tickets issued ior Passages from Great Britain tor £l7 and upwards. , For freight or passage, arply to—[THU N.Hj SHIPPING CGMPJCNY, LIMITED, Lows Strcat, Gisborne-

IIUE TO EUROPE. s\tiaS CANADA AND AiWBRIOA'y In co»>isnoiiOß Wiil* the OAN AKffNPACIFIC RAILWAY anil all ATLANTIC LINES. No other Line can offer tii& same frcilihies to view the Wonders of .©■ANADA and AMERICA',; CUiaGfSKJUS sfCCKOiIMODWITON oO STEAMERS lin'd TRAIN... Nfcxjfc Sailing S.S. MANUKA. Sydney, l*ilh July, connection stoamen a* Auckland to Fiji 12bh July, followed by. R.M.S. AORANG-I 'and MIOWERA. Eor all particulars appIy—.UNION S.S. CO., Managing Agents,;

PBOSPECTDS OK . THE! GISBORNE FARMERS’ uO-OPERATiVE COY. LUiITBD.

iTiio Memorandum and 'Articles • .of Association were duly, registered on the 20fch 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 tho Statutory Meeting shall confirm such appointment, are : JOHN CLARK,. ,Te Arai,: Sheepfarmer. FRANK BRAY TON BARKER, Gisborne, Sheepfarmer. .WALTER' RICHARD BARKER, Gisborne, Sheepfarmer. .WILLIAM KNOX CHAMBERS, Reoongaere, Sheepfarmer. PHILIP. .THORNTON KENVVAY, Whataupoko, Sheepfarmer. .CECIL ALBERT. DeLAUTO.UR, Gisborne, Sheepfarmer. . CHRISTOPHER .J OH-N PARKER, Te Arai, Sheepfarmer. ' WILLIAM TQMBLESOH, Fatutahi, Sheepfarmer. 3- .The Broker for the Company, is Mr, .Thomas Coleman, of Gladstone road, Gisborne, Accountant. 4. The objects and powers of the Company are set out in the Memor-. airdum of’ Association, which forms part of this Prospectus, 5 The Capital Qf the Company, is £100,086, divided into 50,000 shares of ,£2 each. Of these 20,000 are Prefer cm oo Shares, 30,000 are Ordinary 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. The Preference Shares entitle the 1 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 on the amount paid jup. thereon.

for dhe tone being. The Ordinary. Shares entitle the holders thereof Subject to the creation arid 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-camulativo Ipreferenitial dividend "at the rate of 6 per centum, per annum. 6. 15,161 Preference Shares and 2000 Ordinary Shares are new: offered .to tha._p.uWic fox subscription, to be paid as follows : 5s per Share on application, 5s per Share on allotment, 10s per Share at three "months aiteir allotment, and the remaining 20s per share shall be 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 PromissoryNote at site months .with interest added at the rate of & per cent, lor the sum of ds pen Share due .upon allotment, and the sum of 10s per Share 'duo three months after, allotment.-

(NOTE,, —The Promoters <l,o not consider. • it will lie necessary or desirable to call up more .than 20s per Share, hut they, do not guarantee this on assume in. any way to bind ■the Directors hereafter to he 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 4830 Shares have been subscribed, and the amount paid on suoh Shares is ai1,259 15s. ‘The list of Subscribers to the dale of the time of this Prospectus can be seen at the office o£ 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 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 o therwise), to obtain 'for themselves the large profits now-reaped by other persons and companies' in the sale apd distribution, of all kinds of farming produpe, and (secondly) in the Gupply to farmers. retail storekeepers and the general public of all manner-and kind iof goods, chattels, and efiects from time to .time re!.quiresL . ■ • -■ J ,10. The preliminary expenses of