PROSPECTCE.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 197, 24 February 1905, Page 4

PROSPECTCE.

citedtati»4; ,iti> th. «« *«* . Cornpaffton Of Which" » »oT o»e«> to the public on tho totlhwnlg term. per ah«re to b. paid on .ppliofctlon, £l on mlotiuent, and the balanoo .'Jn Calle of 10a per share al interval, of not lem than threemonth, when required. 6.000 Shane will be held in nmn ».by the Company. DIBBCTOBS J. BAB.UGH, farmw, Hamilton, J. C. ALL BN, farmer, Pioka. RICHPnko.W. N. Sa ÜBGBS, Fanner, Oheupo, w &. PARK, Farmer, <Mmbridge, B. SgAVILL, Fanner, Waingaro, W. CHITTI, Farmer, Hamilton, 8. KNIGHT, Farmer Hamilton, C. PAY, Farmer Tamahere, J. GORDON, Farmer, Eureka, J. PENNIKET Farmer, Ohanpo. Bnnkerd : BANK OF NJIW ZEALAND. Solicitor ; EDMUND MAHONY, 38, Shortland Street, Auckland. Secretary (pro tern): 8. KNIGHT, Hamilton. Temporary Offices: BOROUGH COUNCIL CHAMBERS, Victoria Street, Hamilton. Thia Company u being formed for the purpose of freezing and canning meat at a minimum rate, manufacturing by-products and curing bacon, and sedTrtig 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 tho directors may proceed to allotment is twn. thou as nd Shares (£ k <>,o()o). The estimated amount of preliminary pensc is jB4OO, exolunivs of brokerage. A com mission, noli exceeding 5 per cent on the amounts payable on application and allotment, may be paid to tho 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 its business, such Directtor or Directors shall be paid each reasonable additional remuneration and expenses tiierefore as the Board or Company may from time to time determine. Tho qualification of every Director sbell be the holding in his own right of at least 20 Shares in th a Company. The persona vho are named as the Provisional Directors will be the first Directors of the Company and will hold office until the statutory mleting 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 the establishment of an up-to-date Freezing and Preserving Company in the vicinity of Auckland City, owned and managed by the farmers themselves, is of vital importanoß. 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 dbcured 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 fle trishing 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 stock (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 any 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 Fanners’ Freezing Co., Ltd.,* managed on Z similar lines, will promote healthy competia tion, and by presenting an ever ready ohan- > nel to the grower for the disposal of his fat Q stock, will insure a steady and remuneraL tive market, not only for fat stock, but alto ? for store sheep, cattle, and steer calve-i of the dairyman; the prices of each of these I classes, as is well known being ruled by ths N price of fat stock. As large areas of new country have been ; taken up during the last three yetrs, and v as the same process still continues, it is i confidently believed that in the near future the supply of fat sheep and cattle f<« freez--1 ing wi.l be ample. The Dairy industry also j as it expands, will provide an ever increas ing number of steer calves, wkich will be 1 turned into beef in due course. ! The establishment of the Belfast Freeslug Company m the various eentree has in 1 eaoh case been attended with great beniflt I- to town and country, and, as a consequence with prosperity to the farming community. This prosperity has arisen, not so much from ) the actuai profits obtained from the Cour panv itself, as from the indirect benefit derivable from tho steady and remunerative ! market for steak which is assured by the operations of such a Company, and by con1 sequent advance In the value of land. i 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 tho Prospectus and and Forms of application for Shares may be procured from Bank of New Zealand, Auckland or Hamilton, tho tieoretary, or from the solicitor to the Company. The number of Shares subscribed for by the Provincial Directors are as follows: J. Barugh, Farmer, Eamiltou, 40 shares ; J. C* Allen, Farmer, Piakoj 40 shares; R. Reynolds, Farmer, Cambridge, 40 shares; T. Stone, Farmer. Taupiri. 40 shares ; 3. Knight, Fattnee. Hamilton. 40 shares ; H. J. Gill, Farmer, Te Puke, 20 shares ; W. N, Sturges, Farmer, Ghaupo, 20 shares ; W. G; Park, Farmer, Cambridge. 20 shares ; B. Ssavill, Far riser Waiugaru, 20 shares ; W. Chitty, Farmer, Hamilton,. 20 shares ; 8. Knight, Farmer, Hamilton, 20 shares ; C. Day, Farmer, Tamahere, 20 shares ; John Gordon, Fanner, Eureka, 40 shares; Ji Penniket, Farmer, Chaupo, 20 shares.