Page 3 Advertisements Column 4

Gisborne Times, Volume XXII, Issue 1755, 22 May 1906, Page 3

PIIOS PECTUS Ol' TliM GISBORNE OIL COMPANY, limited. 1. Tho Memorandum and Artiolcs of Association wero duly registered oa tbo 21st day of May, 1900. 2 Tbo proposed Directors of tho Company, who aro to hold ollioo until tha 6rat Ordinary Mco ing of tlio Company, whioh shall bo hold after iho S'.ututory Meeting, if tho Statutory Meeting Bhall oonQrm euch appointment, aro :

William Dougha Lysuar, Qisborno, Solicitor. John Cork, To Arai, Shoepfarmor. F.oderiok Hal l , Giabornr, Plumbor D.»\id John Bury, Qia’.o ne, Brewer. Qooffrey St. Every Maoiean, Wbatatutu, Station Ma-.uger, Georgo Biown Oman, Giaborne, Pub lioan. Tbomaa John Adair, Gisborne, Draper. 3. Tb* Broker of tho Company is John F. Sheridan. 4. The objoota and powora of the Com pany aio aot out in tho Momotaudutn oi Association, a copy of whioh ia printed at the end hereof, and forms pait of this Prosptutus.

5 The Capital of tbo Company is .£20,000, divided iLto 20,000 Shares of £1 oaob. Of thcso 10,000 aro Preference Shams, 10,000 are Ordinary Shares; total, 20,000 Shares. The rights ottaobing to the various olaseos of Sbareß aro fixed by tho Memorandum of Association and the Ai tides of Association. The Preference Shares ontitlo the holders thereof: Subject to the creation and maintenance of a Reserve Fund and for all tbo purposes of Article No. 6 here* under to a fixed oumulativo preferential dividend at the rats of 8 psr centum per annum on tho amount paid up tbo .'eon fer thePlime being. Tho Ordinary Shares entitle tho holders | tberoof: Subject to tbo creation and maintenance of a Reserve Fund and for. all tbo putposes of Artiole No. 6 boreunder, and subject to the right of holders of Preference Shares, lo a fixed noncumulative preferential dividend at the rate of 6 psr centum per annum. 6. 7500 Preference Shares are now offered to the publio for subscription, lo be paid as follows :

5s ptr Bbare on application, and 5j pi r bhare on a'lotmont. And tbe remaining 10s per share shall to payable by. sails of not more than 2s 6i per shore an tho same may be called up by the Dirroiors, in acocrdanco with the Articles of Association. 7. The maximum number of Shares which may be taken up by any 000 Shareholder in tbe first issue of 7500 shall be limited to 250. 8. The minimum subscription od which the Directors may proceed to allotment is 2500. 9. The Company ba3 been formtd for tbe purpoEO of: First, to secure land and boring rights for excavating or boring for oil, gas, petroleum, wax, or other products of petroleum in the colony of New Z >a land, and secondly, for refining and marketing all the produots of petroleum into a marketable commodity, and then plaoing tho to the best possible advantage on any markets in the world. 10. Tho preliminary expenses of aod incidental to tbe formation and establishment of tho Company and until the Company shall bo entitled to oommsnoe business are estimated to amount to JEISO, and will be borne by the Company.

11. The Company has Bgreed to pay to the Becker a oommision at tbo rate of not exoeeding £2 10s per oent. on all Shares of whioh ho prooucee the sub soription. 12. A Director's qualification shall be 20 Shares. 13. The OompaDy has adopted Table A of 11 The Companies Act 1903,” exoept as added to and modified by the general Articles of Association, a copy of whioh is printed at the end hereof, aod also forms part of this prospectus, 14. Applications for Shares should bo made upon the form accompanying this Proepoolu 3 , and sent to Thomas John Adair, Interim Secretary, together with the amount payable on application. If no allotment is made the doposit will be re l turned in full, and if the Dumber of Shares allotted is leas than tbo number applied for the balance of the application money will be applied in reduction of the allot’a future liability on the Shares allottrd. Copies of tho Prospectus and Forms of Application for Shares may bo obtained at the Office of Mr Thomas John Adair, Gladstone Road, Gisborne.

15. This Proßpeotus has been duly filed with the Registrar of Joint Stock Companies. D. J. BARRY. F HALL. JOHN CLARK. * GEOFFREY MACLEAN. W. DOUGLAS LYSNAR. G. B. OMAN. T. ADAIR. Dated the 19ih day of May, 1936. Witness to the above signatures : WM. S. McOREDIE, Law Gleik, Gisborne, N.Z. ARTICLES OF ASSOCIATION,

Articles Numbers 36, 65, 70, 74, 75, and 106, and sub paragraph (l) of Article 100 of Ibo regulations oontaiued in Table A to *« The Companies Act 1903,” shall not apply to this Company, but tbe remaining Articles of Table A are hereby adopted, and with the following constitute the Company’s Regulations : (1.) The first ten thousand (10,000) Shares allotted shall be Preference Shares, and tho balance Ordinary Shares, and after 7500 Shares aro allotted, any subsequent 8ba v BB issued shall be first oflerod to the then oxisting Shaieholders before beiDg oflared to tho public. Should any issue of Bhares bo over subscribed by tbe said Shareholders, the applications shall abate ub near as may be in the disorotion of tho Directors pro rata. Tho Directors may out down or reject any Application for Shares and allot such Shares to suoh persons and in such numbers as in their sole discretion they see fit without giving any reasons, (2.) On a show of bends every momfce r present in parson Bball have one vote, and upon a poll pvery member present in person or by proxy shall have one vote for every ten (10) Bhares up to one hundred and fifty (150), but no member shall have more than fifteen (15) votes for Shares held by him in respect to the first issue of Shareß lo wbbb thiro is no payment in arrear, end regarding any further issue of Shares the members taking up any such further issue aball have extra voting powers granted them in the same proportion of votes as is allowed by the first tesue.

(3.) The Direolcrs may refuse to regimes ' any transfer of a Share or Shares without being oallid upon to g.ive any reason. Articles 4 to 8 inclusive disclose dttaile already outlined in Prospectus. (9) The number of Directors and the names of the first Dirictors thall be deter mined by the Subscribers to the Memorandum of Association, but the Direct.rs may at any time appoint not more than two additional Direotorß to that the total number ehall not at any time exceed nine. (10.) The Directors appointed bv the Subscribers to the Memorandum of Association shall continue to hold office until the First Ordinary Meeting of the Company, which shall be held after the Statutory Meeting, if the Statutory