PROSPECTUS.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 195, 3 February 1905, Page 4

PROSPECTUS.

OK THE AUCKLAND FARMERS’ rBLEZINU CO., Limited. - To be Registered under * The Ceftrj»»nwß tct,JBS'!.’an4 its ’capital - A.n.,,0., hi 15,(H)0 shares of JBS each. of which 10,000 Shares are now offered to the public on the follownig terms :—los per share to be paid on application, XI on allotment,and the balance ip Calls of 10s per share at intervals of hot; less than three months when required. 5,000 shares will •be held in reserve,by the Company. DIRECTORS :-L BAXVGH, farmer. HamiltoD,4. IT ALLEN, farnfer, Ptotti, RICHARD REYNOLDS, Farmer. CAMBRIDGE T. STONE, Farmer. Tanpiri. J. KNIGHT, Farmer, Hamilton. IT. J. GILL, Farmer, Te ’ftike.W. N. STURGES. Farmer, Ohaupo, W. G. PARK, Farmer, Cambridge, R. SEAVILL, Farmer, Waingaro, W. CHITTY, Farmer, Hamilton, S. KNIGHT, Farmer, Hamilton, C. DAY, Farmer Tamahere, J. GORDON, Farmer, Eureka, J. I’ENNIKET Farmer, Ohaupo. Bankers : BA NK OF N EW ZEA LAND. Solicitor ;

EDMUND MAHONY, 38, -Sbortland Street, Auckland. Secretary (pro tern ) : S. KNIGHT, Hamilton; Temporary Offices : BOROUGH COUNCIL CHAMBERS, Victoria Street, Hamilton. This Company is being formed for the purpose of freezing and canning' meat at a minimum rate, manufacturing by-products and curing bacon, and securing stability of market for stock. The objects ef the Company will be found more fully set forth in the appended Memorandum of Association. The minimum subscription on which tne directors may proceed to allotment fa two thousand Shares (MIO,000). The estimated amount of preliminary pense is exclusive of brokerage. A commission, not exceeding 5 per cent on the amounts payable on application and allotment, may be paid to the Company’s Broker or Brokers on all shares subscribed for through him or them. The Company in general meeting shall, from time to time, determine the remuneration to be paid to the Directors. If, in the opinion of the Board it is desirable that any of their number make any special journeys or perform any special services on behalf of the Company or ijjs business, such Direct-, tor or Directors shall be paid such reasonable additional remuneration and expenses therefore as the Board or Company may from time to time determine. Tho qualification of every Director shall I be the holding in his own right of at least 20 Shares in the Company. The persons who are named as the Provisional Directors will be the first Directors of the Company, and will hold office until the statutory mt eting of the Company, when they will retire, and the Shareholders wi 1 be called upon to elect Directors for the ensuing year. ' There is a strong consensus of opinion among the farming community that the establishment of an up-to-date Freezing and Preserving Company in the vicinity of Auckland City, owned and managed by the farmers themselves, fa of vital importance. An option of purchase of a site at Otahuhu, containing 79 acres or thereabouts situated on the railway line and bounded in part by the Mangere road, has been secured from Mr George Lamberton Thomson, of Otahuhu, which is exercisable on or before the 2nd day of February, 1904, the consideration being £2.710, which will be payable in cash. It is proposed to carry on the business of the Company on the lines of the Belfast Freezing Company of Canterbury. This New Zealand Company has been established for upwards of twenty years; has been eminently successful from the first; has extended lio wishing branches to Ashburton and Timaru, and is almost entirely owned and managed by farmers. No better object lesson can, therefore, be quoted to the farmers of Auckland. ■

Briefly, the Belfast Freezing Company does not buy sfxick (although possessing the right to do so by its Memorandum of Association), and is therefore not interested in keeping prices down. The Company freezes for all customers strictly in order of application at the lowest cost. Customers can dispose of their meat in tiny manner they wish: for instance, they can ship home through the Company or any other agent, or sell on the hooks at the works. The establishment of ‘The Auckland Farmers’ Freezing Co., Ltd.,’ managed on similar lines, will promote healthy competition, and by presenting an ever ready channel to the grower for the disposal of his fat stock, will insure a steady and remunerative market, not only for fat stock, but also for store sheep, cattle, and steer calves of the dairyman ; the prices of each of these classes, as is well known being ruled by the price of fat stock..

As large areas of new country have been taken up during the last three years, and as the same process still continues, it is confidently believed that in the near future the supply of fat sheep and cattle for freezing wi.l be ample. The Dairy industry also as it expands, will provide an over increas ing number of steer calves, wkich will be turned into beef in due course.

The establishment of the Belfast Freezing ('ompany m the various centres has in each case been attended with great benifit to town and country, and, as a consequence with prosperity to the farming community. This prosperity has arisen, not so much from the actual profits obtained from the Com pany itself, as from the indirect benefit derivable from the steady and remunerative market for stock which is assured by the operations of such a Company, and by consequent advance in the value of land. It is therefore with confidence that the farmers of Auckland Provincial District are invited to heartily support the Auckland Farmers’ Freezing Company. Limited, by taking up shares.

Copies of the Prospectus-and and Forms of applioatian for Shares may be procured from Bank of New Zealand, Auckland or Hamilton, the Secretary, or from the solicitor to the Company. The number of Shares subscribed for by the Provincial Directors are as follows: J. Barugh, Farmer, Hamilton, 40 shares ; J.C* Allen, Farmer, Piako, 40 shares; R. Reynolds, Farmer, Cambridge, 40 shares ; T. Stone, Farmer. Taupiiri, 40 shares ; J. Knight, Farmer, Hamilton. 40 shares ; H. J. Gill, Farmer. Te Poke,, 20 shares ; W. N. Sturges, Farmer, OBaupo, 20 shares ; W. G; Park, Farmer, Cambridge. 20 shares ; B. Scavill, Farmer Waiagaru, 20 shares ; W. Chitty, Farmer, Hamilton, 20 shares ; S. Knight, Farmer, Hamilton, 20 shares ; C. Day, Farmer, Tamahere, 20 shares ; John' Gordon, Farmer, Eureka, 40 shares; .!• Penniket, Farmer, Übaupo, 20 shares,