PROSPECTUS.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 197, 17 February 1905, Page 4

PROSPECTUS.

taw «>«* MSm-omT® wsv«hsSm»JS»»| r’nrm.r. HMBilton. iIT.TiLT, r*wr, T.I r£a«* taESttn. BASK OF NEW ZEALAND. SoHnitw t EDMUND MAHONY,ns/sbvrtlatu! Street, Auckland. Secretary (pro tem) : 8. KmGHT.Hßi.iito... BOfeilUGH COUNCIL CHAMBERS. Victori. Stwtt, Hmllton. Thia Company i» being Ln med for tbe parpoee of freezing and canning meat ata minimum rate, inauufactoring and earing bucou, and recuring stability of betoßiS ■■*"”*** Tlw minimum anbecriptinn on which the director may proceed to allotment is two thousand Shares (£10,000). The estimated amount of preliminary - pense is jK4OO, exclusive of brokerage. A commiwion, not exceedfog par 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. Ihe Company in general meeting shall, from time to time, determine the remuneration to l>e 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 its business, such Directtdr or Directors shall be paid such reasonable additional remuneration and expenses I therefore as the Board or Company may from time to tinue determine. Tho qualification of every Director shall 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 meeting of the Company, when they will retire, and the Shareholders will be called; upon to 'elect Directors for the ensuing- year. There is a strong consensus of opinion among the farming community that '-be establishment of an up-to-date Freezing and Preserving; Company in the vicinity of Auckland City, owned and managed by ,ho farmers themsolves, is of vital importance. An option of purchase of a site at Otahuhu, containing 79 acres or thereabouts situated on the railway line and bonnded in part by the Mimgere road, has been secund from Mr George- Lamberton Thomson, of Otahuhu, which is exercisable on oi before the 2nd day oil February, 1904, the consideration being £2,710, which will be payable in cash. It is proposed to carry on the business of the Company cn the lines of the Belfast Freezing Company of Canterbury. This New Zealand iQorapany hasl>een established for upwards of twenty years; has been eminently successful from the first; has extended flo vriahing branches to Ashburton and Timaru, and is almost entirely owned and inansged bv fanners. No better object lesson can, therefore, be quoted to the farmers of Auckland. Brfeiiy, tho Belfast Freezing Company does not buy stock (although possessing the right to do so by its Memortmdum of Association), ind is therefoie 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 any manner they wish; for instance, they can ship home through tiie 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 uis fat stock, will insure a steady and remunerative market, ;uot only for fat stock, bui> 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 stook. 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 nnd cattle for freesin g wi.l be ample. The Dairy industry also as it expands,, will provide an ever increas iag number of steer calves, which will be turned into beef in due course.

The establishment of the Freezing Company in the various aentres has in each case been attended with great benifit to town and country, and, Mi a consequence with prosper ity to tha farming community. Thfs 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 slock which is assured by the operations of such a Company, and by consequent advance in the value of laud. 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 applicatian for Shares may be procured from Bank of New Zealand, Auckland or Hamtltoftt, ths 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; .I.C* Allen, Farmer, Pinko, 40 shares; U, Ileynolds, Farmer/ Cambridge, 40 shares ; T. Stone, Fanner. Taupiri, 40 shares ; J. Knight, Farmer, Hamilton. 40 shares ; H. J. Gill, Farmer, Te Puke, 20 shares ; W. N. Sturges, Farmer, Ohaupo, 20 shares; W. G; Park, Farmer, Cambridge. 20 shares; B. Seavill, Farmer Waiugaru, 20 shares • W. Chittv, Farm er, Hamilton, 20 'shares; 8. Knight, Farmer, Hamilton, 20 shares ; C. Day, Faru er , Tamahere, 20 shares : John Gordon, 1 armor, Eureka, 40 ohares ■ J' Fenniket, farmer, Chaupo, 20 shares. \ ■ ..