Page 3 Advertisements Column 3

Gisborne Times, Volume XXII, Issue 1787, 19 June 1906, Page 3

JEOTUS THE RNE TIMES GOAi LIMITED (fncorporat: “ The Companies 503-")

CAPITAL >, divided into 10,000 Shares ch.

DIRECTOR Thomas Partridge, of Gisbittler; William Lissant Cl>f Gisborne, Agent ; George of Gisborne, Civil Engineeliam Tombleson, of Patutahpfarmer; Reginald Gerard more, of Giaborne, Shipping Hamilton Thomas Jones, oine, Journalist ; and Walter Payne Gaudin, of

GisbqrotalistBANKERS Jnion Bank cf Australia, Li Blair and Sainsbury, Gis ! AUDITORSssrs Thomas Alexander C> and Herbert Mus grave PoPth of Gisborne. SECRETAR'o. tern.) : William Lissant C-

i. The Co has been formed (a) To pu as from the second DAY o-Y, 19=6, the business as ietors and Publishers of the tOKNE TiMiiS and Generalteis, carried on by Messrs ,and ß Gaudin, together with thehold premises, plant, stock rther business assets of the (and goodwill of the businessi the terms set out in the contnentioned below. All debts d», and liabilities in curred b Vendors, as on the said dat.nain payable to and by the Vrs. Part Section 58) Peel streso remains the property of Vendors. (b) To cam such business, and to develaid extend the business in t,nudes authorised by the Memnim of Association, which coin wide and useful powers inis espect.

(c) To purcse up-to-date machinery anplai (d) To cont>\ t policy of the paper so tht niay give exact and fair reports) the exponents of all shadts oopinion, and to give such especattention to the interests of the fling community as may be died advisable. With these endn view the Di rectors have thefht to decline to permit any pers of whom they do not approve; acquire shares by any means, 2. After providing I a reserve, pro fits are to be divided aollows : First, in payment oflividend not exceeding £8 per centuion the paid up capital, Second, in payment f a bonus or discount of not more thanls per centum on all business (over ;£ contributed by shareholders holding shares or more. Third, in payment oiny further dividend that may be santoned.

3- The following cntract has been entered into, namely-Contract dated the iSth day of Mf, 1906, between Hamilton Thomas ones and Walter James Payne Saudin, both of Gisborne, in New Ziland, Journalists, as Vendors, and Villtam Lissant Clayton and JoHt Thomas PaltRIDGE, for and on beialf of the Company, as purchaser for the sale of the above mentioned busitess, property and t goodwill to the Company. The purchase price payable to the Vendors under such contract is £BSOO, of which £IOOO is payable in cash, and £2500 by the issue to the Vendors of fully paid up shares The Vendors receive the purchase money in equal shares, and have been paid £IOO on account of the £IOOO above mentioned. The basis on wh'ch the Company is established is that the Company shall carry out the above agreement (with or without modification) and every member joins on that basis.

4. A copy of the memorandum of Association of the Company, with the names, descriptions, and addresses of the subscribers is annexed hereto, and forms part of this prospectus. 5 Copies of the above-mentioned contract, and of the Company’s memorandum and Articles may be inspected at the offices of Messrs Blair and Bainsbury during usual business hours. 6. ihe number of shares fixed by the Articles as the qualification of Director is 50. The Articles contain the following provision as to the remuneration of the Directors :

“As remuneration for their services the Directors shall be paid out of the funds of the Company such sum as may be fixed by the Company in general meeting, and such remuneration shall be divided among them in such proportions and manner as they shall from time to time agree upon." 7- The minimum subscription on which the Directors may proceed to allotment is two thousand shares. 8. Except as already stated no shares are issued or agreed to be issued otherwise than for cash, and no debentures are issued or agreed to be issued.

9. The amount payable by the Com' pany for procuring subscriptions for the shares offered to the public is per cen turn on the amount thereof. 10. The estimated amount of pre*

liminary expenses is £l5O. 11, Messrs Jones and Gaudin, Directors, are interested in the promotion of and in the property proposed to be acquired by the Company to the extent only of their interests as Vendors under the contract, particulars whereof are given in paragraph two hereof, and in respect of the retention of their employment with the Company in terms of the said agreement. The other Directors have no pecuniary interest in the promotion of the Company.

12, Of the 10,090 shares above mentioned 2500 shares representing £2500 of the Company’s capital are to be issued and credited as pa : d up in full, in part consideration of the sale, particulars of which are given in paragraph two hereof, and the remaining 7500 are now offered to the public for subscription. No person is to subscribe for less than five or for more than 1000 shares. The amount payable on each sharo shall be 105 per share on application, and the balance by calls as provided for by the ’Articles of Association.

13. Applications for shares should be made on the accompanying form, and sent to the Secretary, together with the amount payable on application. Prospectuses and forms of application for shares may be obtained at the Secretary's office. Lowe street, Gisborne. The subscription list will close on the first day of SEPTEMBER, i 906. Where no allotment is made the deposit will be returned in full,

14- This prospectus has been filed with the Registrar of Joint Stock Companies. Dated the 13th day of June, 1906.

VOLUNTEER NOTICE. MEMORIAL SERVICE. FfIHE East Coast Mounted Rifles Bnd QisI borne 8H133 will parade at the DrillBhed on THURSDAY, the 21st inst, at 2 pm., for the purpose of attending Memorial Service in commemoration of the late Right Hon. R. J, Scddon, Premier and Minister of Defence. Uniform ; only. Service, with Side Arms J. H. OOLEBOURNE, Captain, E.C.M.B. A. Q. BEERE, Captain, G.B.