PROSPECTUS.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 211, 2 June 1905, Page 4

PROSPECTUS.

OF THE \U< KI AND FARMERS’ CO., Limited. To be Registered undet * The Ccmpanies \ct, IRH?,’ nnd its amendments I'ated the first day of December 1903, and Hied with the Registrar of Joint Stock •'ompanieß. CAPITAL - - £75/100. Tn 15,000 shares of'£ > each. ..f which 10,000 Shares are now offered to •he public on the following terms 10s per share to be paid on application, £1 on allotment, and the balance in Calls of 10b per share at. intervals of not less than three months when required. '■o.OOO Shares will be held in reserve,by the Company. DIRECTORS ;—T. BARUGH, farmer. Hamilton, J. C. ALT.EN, farmer, I’ioka, RICHA RI! REYNOLDS, Farmer. CA M BRIDGE T. STONE. Farmer, Taupiri, J. KNIGHT, Farmer, Hamilton. H. J. GILL, Farmer, Te Puke, W. N. STURGES, Fanner, Ohaupo, W. G. PA UK. Farmer, Cambridge, R. SEAVILL, Farmer, Waingaro, W. CHITTY, l-’armer, Hamilton j S. KNTGRT, I’armor, Hamilton, C. DAY, Farmer Tamahere, J. GOh’DON, Farmer, Eurek-i, J, PENNIKEI’ Fanner, Ghunpo. Bankers : BANK OF NEW ZEALAND. Solicitor : EDMUND MAHONY,3B, Shortland Street, Auckland. Secretary (pro fem ) : S, KNIGHT, Hamilton. Tomporary Qffieas ■■ BOBotJG H COU NCII/ CT I A MIS ERS, V ietoria Street, Hamilton. This Company is being formed fpr the purpose <-t freezing and canning meat ata minimum nite, manufacturing by-products ard curing bacon, and sec uring stability of market for stock. Ihe objects ef the Company will be found more fully set forth in the aj pended Memorandum of Association. 'Tho minimum subscription on which the directors may proceed to allotment is two thousand ~bares (£Io,UCO). The estimated amount of preliminary pense is £4OO, exclusive of brokerage. A commission, not exceeding 5 par cent on the amounts payablo oh application and allotment, may be paid to the Company’s Broker or Brokers on all shares subscribed for through him or them. Tho Companv 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 such reasonable additional remuneration and expenses therefore as the Board or Company may from time to time de’erminh. 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 tho Provision al Directors will be the first Directors of the Company, and will hold office until the statutory rm eting of the Company, when they will reAire, and the Shareholders wi.l be called uron to elpct 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 importance. An option of purchase of a site at Otahuhu, containing 79 acres or thereabouts situated on the railway lino and bounded in part by the Madgere road, has been secured from Mr George Lamberton Thomson, of Otahuhu, which is exercisable on or before the 2nd day of February, 1901, 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 l>ecn established for upwards of twenty years; has been eminently . successful from the first; has extended flotrishing branches to Ashburton and Timaru, and is almost entirely owned and managed bv farmers. No better object lesson cau, therefore, bo quoted to the farmers of Auckland. Briefly, the Belfast Freezing Company does nut buy stock (although possessing tho light to do so by its Memorandum of Association), and 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 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 tho grower for the disposal of his fat stock, will insuro a steady and remuherative market, not only for fat stock, but. also for store sheep, cattle, and steer calves of the dairyman; tho prices of each classes, as is well vuing ruled bf the’P r Kf! lat stock. ■'*'■■ As large areas of new country have been taken up daring the lant. 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 uu over indreas ing nurnbeY of steer calves, wkich will be I ’turned into beef in duo course. The establishment of the Belfast Freezing Company m the various centres has in each case been attended with great ben i fit 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 Com pany itself, as from the indirect benefit derivable from the steady and remunerative market for stock which is assured by tho 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 Fanners’ Freezing Company. Limited, by taking up shares. Copies of the Prospectus and and Forms of application 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 us follows: .1. Barugh, Farmer, Hamilton, 40 shares ; J.C* Allen, Farmer, Piako, 40 shares; R. Reynolds, Farmer, Cambridge, 40 shares j T. Stcuc, Farmer. Tattpiri, 10 shares ; J. Knight, Fanner, Hamilton. 40 shares ; H, J. Gill, Farmer, Te J’uke, 20 shares ; W. N, Sturges, Farmer, Ohaupo, 20 shares ; W. G; Park, Parmer, Cambridge. 20 shares ; R, Seavill, Farmer Waiagaru, 20 shares ; W. Chitty, Farmef, Hamilton, 20 shares ; S. Knight, Fanner, Hamilton, 20 shares ; 0. Day, Farmer, Tainahe<u, 20 shares ; JohnGordon, Farmer, Eureka, 40 shares; J’’uuniket, Funner, Chaupo, 20 shares,