Page 3 Advertisements Column 5

Gisborne Times, Volume XXIII, Issue 1810, 17 July 1906, Page 3

rsosi'EOTcrs Of THE GISBORNE TIMES COMPANY, LIMITED Incorporated undor “The Companies Act, 1903-”) CAPITAL : J2i0,000, divided into 10,000 i hares of £r each. DIRECTORS : John Thomas Partridge of Gisborne, Settler ; William I.issant Clayton, of Giaborne, Agent ; George Giant, of Gisborne, Civil Engineer; William Tombleson, of Paimt shi, Sheepfarmer; Reginald Gerard liallamore, of Gisborne, Shipping Agent ; Hamilton Thomas Jones, of Giaborne, Journalist; and Walter James Payne Gaudin, of Gisborne, Journalist-

BANKERS : The Union Bank of Australia, Limited. SOLICITORS : Messrs Blair and Sainsbury, Gisborne. AUDITORS : Messrs Thomas Alexander Coleman and Herbert Mus grave Porter, both of Gisborne. SECRETARY (pro. tcm.): William Lissant Clayton. I, The Company has beenTormed (a) To purchase as from the second DAY ot JULY, 1906, the business as Proprietors and Publishers of the Gisboune Times and General Printers, carried on by Messrs Jones and Gaud'm, together with the leasehold premises, plant, stock, and other business assets of the firm, and goodwill of the business, upon the terms set out in the contract mentioned below. All debts due to, and liabilities incurred by the Vendors, as on the said date remain payable to and by the Vendors. Part Section SS, I’eol street, also remains the property of the Vendors. (b) To carry on such business, and to develop and extend the business in the modes authorised by the Memorandum of Association, which contain wide and useful powers in this respect. (c) To put chase up -to-date machinery and plant. (d) To control the policy of the paper so that it may give exact and fair reports to the exponents of all shades of opinion, and to give such especial attention to the interests of the farming community as may be deemed advisable. With these ends in view the Directors have the right to decline to permit any person of whom they do not approve to acquire shares by any means. 2. After providing for a reserve, profits are to be divided as follows : First, in payment of a dividend not ex ceeding JJB per centum on the paid up capital.

Second, in payment of a bonus or discount of not more than £5 P el ' centum on al! business (over £5) contributed by shareholders holding 50 shares or more. Third, in payment of any further dividend that may be sanctioned. 3. The following contract has been entered into, namely Contract dated the 18th day of May, 1906, between Hamilton Thomas Jones and Wal ter James Payne Gaudin, both of Gisborne, in New Zealand, Journalists, as Vendors, and William Lissanx Clayton and John Thomas Partridge, for and on behalf of the company, as purchaser for the sale of the above mentioned business, property and 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 2500 fully paid up shares in the Company. Of the said sum the amount payable for goodwill is £1750. The Vendors receive the purchase money in equal sharos, and have been paid £ioo on account of the £IOOO above mentioned. The basis on which 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 °f Q bove-mentioned contract, and o f the Co.tnparty’s meiuoran'dum:,y'a’nd-. ArtipleS;',..piayV,b,e-..inspected.'at yhe:'nffice^pf : M cssrs’ Ba i n s bury’ bpSibis^^hduj-s.;,

; 'l r i’he number' of shares fixed-by ..ih<= ‘Articles,as.’tho qualification of OirecVur I s ; .-provision '-as;tq\re(nb.nerauon'.p{ . the'; ijjrectors V—V, V,' \yy'CC- > '",,; i '•{.%' v, of> lhe ;?ticK sum may meeting* and reniuacrutipp r\ ivW/vi/i Ji n V\ uif. . bli *i l 1 ’. vjme!i;|ifati:;;lf6rV.casli,' d® l ;'ij.6 '(JeheSflireS..: '■■■. ';:9/v,;Tfie 'arn'o' , 4at:..X)ayf‘,b!s >liy.'tl)(?.\Cp)iiSi' : pabtt for '.procuring’• , shares 'offered'tquiift piiblia is .si 'lom:qh''thePm6unt;^lierepfy. V-. -. : ;• ?;-V ; :'.', ;-', io. : Tlia esticuateri;'. amount VofvpVpv iminaiy expenses is iSiSO. % /..v! ■ n, .Messrs.Jones.’,and Gaudiii,'Pi- i , rectors', are: interested Pi thcCnrqm'otio.n paragraph two 'hmebt, and, M rpspec^of the i-e t enl s bn'-; o^’et»‘7ifeii-> pi oymt'hv ment. Tim other 'pVpc.^fOra.liJl^e 1 no"ptf</ cuniary interest ’in the prometjou- of'. tlui. Company. ; . ' .'.': 1.2. Of,.the- idiodp-,Share's' :a,b6^nVe.'nP' ! tinned 2500 sharps;' n -- I ‘ L ’ the Company* and! credited-.:, t . co 11 s 1 dera l l oh of th ,ra I^'ppVti tiulars-pf '. which pie gi and the lemaining yjoo, die now oftra-d to the public fot sobknwfioH. >'*> pete son is to subscribe for l?; J s than uyi* o'r for more than iqriq sharps,,. hbatubupti shaip on appi c.tttpa, end 1 per caUs as pxOvJti*’*:' ' ' - i»C bala’vcc pv; As?Db!r" , .10,1 by the Article-, id

13 ■ A t>p-’c a *!6ns : -! for .shareii ■ sij.bu 1 d bemade . on' tW accompanying Icniti}'',' aiid. "scnVttf : '-'sKc'fr'iaVyj\-l^g^vberVx>it.b i .t|»'» •inriomif ; pectuses • and■ ..form's/'..of; .application;.;.-tor. shared may be obtained at.the SecV'etiiiy. S; office; t-nivc itf.fjflt,' Gir-boihe.• : 'i*.he••'•sub*' 'ucribtton list ’wiilckdemn the 1 fivst’.d ay.:'or ■ S (■ meni-Ts inado tjie.'de pbs.il' will be returned. in‘full; •■ • !'. fti'v-i.'Ut' v 14. .-This- prospectus has Miemvfijed •<vitb Ih.e. keblst'tar. ‘of Joiiit • Stock:',Com? pauieb.;-: •;;',i. .A . '’ M ’.v'" ; 1" ■. t'f’ . : • 1 . ' Pr.icd tile; I.3’ih d'.ty of J une» > '■"

FE6'jSkAi;:- :; L-t/.%m r .O'N */£*»•: CTKWA’ftT Island and ; fioci Oyster? evrii O ' ;'• 'FieSh:l'ieb.evciyl> A ~ 'ileald at a’.i-t'r’ava Irom 10 uniunijhl. ...... .';i?ri£cl Fish and Ciiips a Epeci&tiiy*. j„ /.WANTED &7vT ANTED,-'tr. • PorafcSßO—WOfTE . ood W r-;/, SKINS. •,r ■ H'gSool Caali'Frjaoglwa nl / •v-.;." MAXAWBES9 WOQ&