PROSPECTUS.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 214, 23 June 1905, Page 4

PROSPECTUS.

OF TH* I AUCKLAND FARMERS- FREEZING 00., Limited. I To be Registered under ‘ The Con mnfrc | Act, 1882,’ and its amei dments i rated the first day of December 19(8, si-4 « filed with the Begistrar of Joint Stock : Companies. CAPITAL - - 4675/00. In 15,000 shares of J 65 each. of which 10,000 Shares are now off erad to the public ou the follownig tetms 10s per share to be paid on application, .£1 on allotment, and the balance in Calls of 10s per share at intervals of not less than three months when- requ<i*d. 5,000 Shares will lye held in reserve,bv the Company. I)II:E'’TORS J. rvABVOH, farmer, Hamilton, I. C. ALLEN, farmer, Pioka, BIOHARD REYNOLDS, Farmer. CAMBRIDGE T. STONE. Farmer, Taupiri, J. KNIGHT, Farmer, Hamilton. H. J. GILL, Farmer, Te Puke, 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. FENNIKET Farmer, Ohaupo. Bankers : BANK OF NEW ZE A LAND. Solicitor : EDMUND MAHONY,3B, 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 men's at a minimum rate, manufacturing by-products and curing bacon, and eecurfiig stability of market for stock. The. objects ef the Company will be found more fully set forth in the appended Memorandum of Aesocfaticn. The minimum subscription on which the directors may proceed to allotment is two thousand Shares (filO,OoO). The estimated amount of preliminary pense is JJ4OO, exclusive of brokerage. A commission, not exceeding 5 par cent on the u. it tints payable on application and allotment a may be paid to the Comgany'a Broker vk- Brokers on all shares subscribed fur through him or them. Ihe Company in gene.al meeting shall, from time to time, determine the remuneration to l>c paid to the Directors. If, in the opinion of the Board it is desirable that any of their number make any srccial 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 determine. Tho qualification of every Director shall be the holding in his own right of fit 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 tho Company, ( when they will retire, and the Shareholders wi l be sailed upon to elect Directors for the ensuing ytar. There is a strong consensus of opinion among the farming community that the establishment of an up-to-date Freezing aud 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 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, i 904, 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 flo wishing branches to Ashburton and Timnru, and is almost entirely owned and managed by farmers. No better object lesson can, therefore, be quoted to the farmers of Auckland. L«o.i r , the Betftwh 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 hooka at the works. The establishment of ‘The Auckland Farmers* Freezing Co., Ltd.,’ managed on | similar lines, will promote healthy compatik tion, and l/y presenting an ever ready chi.n- . nel to the grower for the disposal of his fat stock, will insure a steady and remunera- \ tive market, not 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 S price of fat stock. < As large areas of new country have been taken up during the lant three years, and S 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 ar. ever increas ing number of steer calves, wkich will be turned into beef in due course. The establishment of the Belfast Freez- ! iug Company iKthe various centres has in each case been at\mlcd with great i>euifit to town and countrX, and, as a consequence with prosperity to community. This prosperity has arisebvnot so much from the actual profits <>btaine<i\from the Com pany itself, as from the io<l?cect bene.lt derivable from the stea«ly andVeiuunerative market for stock which is aslnred by the operations of such a Company, »nd by consequent advance in the value of land. j It is therefore with confidence that the fanners of Auckland Provincial District are | inrited to heartily support the Auckland Farm ere’ Freezing Company. Limited, by < taking up shares. Copies of tho Prospectus and and Fortis of application for shares may be procured from Bank of New Zealand, Auckland or Hamilton, the Secretary, or from the solicitor to the Company. 1 b.c number of Shares subscribed for by the Provincial Directors are as follows:—» J. Barugb, Farmer, Hamilton, 10 shares ; -J.C* Allen, Farmer, Piako, 40 shares ; R. Reynolds, Farmer, Cambridge, 40 shares ; T. stone, Farmer. Taupiri, 40 shares ; J. Knight, Farmer, Hamilton. 40 shares; H. J. Gill, Farmer, lu i'uke, 20 shares ; W. N.. Sturges, Farmer, Ohaupo, 20 shares , \V. U;' : L’ark, 1 aimer, Cambridge. 20 shares; I Suavill, Farmer Waiaguru, 2U shares ; W.*' I ( bitty, Farmer, Hamilton, 20 shares; S.’ Knight, Fairnei, HawUtou, 20ehatea ; < Day, j’aiuier, iamahere, 20 shares ; Juhn Gordon, I'arnwr, Eureka, 40 shares; J- | Pouniket, Farmer, Chaupo, 20 shares. I