Page 1 Advertisements Column 3

Gisborne Times, Volume XIX, Issue 1507, 15 July 1905, Page 1

nnH2! NEW ZEAX liAND SHIPPING COMPANY’S ' " '"’line ROYAL MAIL STEAMERS, FOR LONDON, Via Monte Video, Tensriffo and Plymouth. :Twln-soraw steamers. .Passengers aro booked at Lowest Bates and forwarded to port of steamer’s departure freo o£ extra expense. Tiokots issued for Passages from Great Britain for £l7' and upwards. For freight or passage, apply to—mss SHIPPING COMPANY, LIMITED. ~. , Lows Strecrfc* .Gisborne* , GAN ADi AN-AUSTR ALI AN LINE .TO I3USROPE-. Ml® CANADA AND AMERICA,. In conjunction 'With the CANADIANPACIFIC RAILWAY, anjl aU ATLANTIC LINES. No other Line can offer this same facilities to view the Wcjjj&ers of Canada’ and America, <L®xymovs accommodation on STEAMERS and TRAIN,, Bfext Sailing S.S, MANUKA, Sydney, lfi>Bh J.uly, connection steamer! a» 'Auckland to Fiji 12th July. followeS by R.M.B, AORAN.G-I end MIO.TCERAv For, all particulars apply— UNION S.S. CO., Managing Agents,PROSPECTUS

THE! GISBORNE FARMERS’ liO-OFERATIVE GOY. LIMITED. ■jj The Memorandum and 'Articles • ® pf Association were duly, regis- ■ tered on the 20th day of February. 1905* 2. The proposed Directors of tho Ccmjiany who are to hold "office until fthe first Ordinary, Meeting of the Company, which shall be held after the Statutory Meeting, if the Statutory Meeting shall confirm such appointment, are : , JOHN ’ CLA;RK t Te Arai, Sheepfariner. FRANK BRAYTON BARKER,. Gisborne, Sheepfarmer. .WALTER RICHARD BARKER, Gisborne, Sheepfarmer. WILLIAM KNOX CHAMBERS, Reuongaere, Sheepfarmer. PHILIP THORNTON KEN,WAY, \Vhataupoko, Sheepfarmer; CECIL ALBERT, DeLAUTO.UR, Gisborne, Sheepfarmer. CHRISTOPHER JOHN PARKER) Te Arai, Sheepfarmer. - WILLIAM TOMBLESON, Patutahi, Sheepfarmer, 3,| The Broker, for the Company is Mr Thomaa Coleman, of Gladstone road, Gisborne, Accountant. 1, The objects and powers of the Company are set out in the Memorandum of Association, which forms part of this Prospectus.

■o 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 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. 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 on the amount p.aid .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. 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 ths_.puhlic for subscription, to 1)6 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 witli 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, fox the sum of os per Share due .upon allotment, and the sum ol" 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 be ap- I pointed by the Shareholders. 7. The Company lias privately, offered the Preference Shares to the Shareholders of the Gisborne Sheepfarmers'-' Frozen Meat Company, 'Limited, as required by the Articles of Association, and 1839 Shares have been subscribed, and 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 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 pf the East Coast, by co-oneration, 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, i the large profits now reaped by other ' persons and companies in the sale and distribution of all kinds of farming produce, and (secondly) in the supply to farmers. ■ retail store- | keepers-and the general public of all 1 manner and hind of goods, chattels, and effects from time to time- reJ- qfiired. •.< - - • ' * • 10. ,Tfie preliminary; -expanses pf