PROSPECTUS.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 218, 21 July 1905, Page 4

PROSPECTUS.

i AUCKLAND FARMERS’ Limited. ■ To be Uegirttered under i fh® Companies let, 18S2.’and its amend-nsnte r-awdthe first day »! December 1903, and tll.d with the Baslstrar st Joint Stock In Jd.ooo shares of £5 each. t.f which 10,000 Shares are now offered to the public on the follownig terms s- ,l 0s t persheretobe paid on application, £1 on allotment, and tbs balance in Cails of 10« per share at intervals of not less than three months when required. 5,000 Shares will be held in reserve,by the Company. DIRECTORS J. HARUGH, termer, Hamilton, J. C. ALLEN, farmer, Pioka, RICHARD REYNOLDS, Farmer CAMBRIDGE T. STONE. Fanner, Taupiri, J. KNIGHT, Farmer, Hamilton. H. J. GILL, Farmer, Te Puke, W. N. STURGES, Fanner, Ohaupo, W. G, PARK. Farmer, Cambridge, R. BEAVILL, Farmer, Waingaro, W. CHITTY, Farmer, Hamilton, 8. KNIGHT, Farmer. Hamilton, C. DAY, Farmer Tnmahere, J. GORDON, Farmer, Eureka, J. PENNIKET Farmer, Ohaupo. Bankers : BANK OF NEW ZEALAND. Solicitor : EDMUND MAHONY, 88, Sbortland Street, Auckland.; Secretary (pro tern ): S. KSIGHT,. Hamilton. Temporary Offices : BOROUGH COUNCIL CHAMBERS, Victoria Street, Hamilton. This Company is being fo?med for the purpose of freezing and canning meat ata minimum rate, manufacturing by-producta and curing bacon, and securing stability of market for stock. The objects ef the Conupany will be found more fully set forth in the appended Memorandum of Association. The minimum subscription on which the directors may proceed to allotment is two thousand Shares (Al 0,000). The estimated amount of preliminary pense is X4OO, exclusive of brokerage. A commission, not exceeding 5 par cent on the amounts payable on application and allotment, may be paid to the Company’s Broker or Brokers on all shares aabscribe*) for t h rough him or them. The '.'ouipanv in general meeting shall, i from time to time, determine the remuneration to be paid to the Directors, if, in the j opinion of the Board it is desirable that any of their number make any srecial 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 tbe Board or Company may from time to time determine. Tho qualification of everjg.-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 and tbe Shareholders wi.l 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 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 Otabuhu, which is exercisable on or before tha 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 flo 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 Freteing Company does not buy stock (although possessing the right to do so by its Memorandum of Association), and is thorefoie 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 in any manner they wish; for instance, they can ship home through the Company or &ny other agent, or sell on the hooks at the works. The establishment of *The Auckland Farmers’ Freezing Co., Ltd.,’ manageion ; similar lines, will promote healthy competition, and by presenting an ever ready channel to the grower for the disposal of his fat atodr, will insirte 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 io cnnfldently believed that in the near future the supply of fat sheep aud cattle for freezing wi.l be ample. The Dairy industry afeo as it expands, will provide an ever increas ing number of ateer calves, wkich will be turned into beef in due course. The establishment of the Beltest Freezing Company m Ui® various eentres has in each case been attended with great benifit to town and country, aud, ao a consequence with prosperity to the farming community. Thia prosperity lias arisen, not so much from the actuai profits obtained from the Com pany itself, as from tbe indirect benefit d<livable from the steady and remunerative market for stock which is assured by the operations of such a Company, and by consequent ndvauce 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 sharos. Copies df the L’iospulAus and and Forms of ftpplicatian 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 Shues subsaribed for by the Provincial Directors are as follows; J. Barugb, Farmer, Hamilton, 40 shares ; J.C* Allen, Farmer, I’iako, 40 shares; K. Reynolds, Farmer, Cambridge; 40 shares ; T. Stone, Farmer. Taupiri, 40 shares ; J. Knight, Farmer, Hamilton. 40 shares; H. J. Gill, Fanner,,Te Puke, 20 shares ; VV, N. Sturges, Farmer, Ohaupo, 20 shares; W. G; Park, Farmer, Cambridge. 20 shares ; R. Suavill, Farmer Waiagaru, 20 shares ; W. < bitty, Fanner, Hamilton, 20 shares ; 8. Knight, Farmer, Hamilton, 20 shares ; C. Day, Farmer, Tamaliere, 20 shares ; John Gordon, Farmer, Eureka, 40 shares; Jl’enniket, Ubaupo, 20 shares,