PROSPECTUS.

Kawhia Settler and Raglan Advertiser, Volume IV, Issue 223, 25 August 1905, Page 4

PROSPECTUS.

JU(«I.ANDFAI?'!K , CO., Limited. To be Regif 'lercd nnch r * The C< mpanies Act, ’BB2,’biul its amerdnrmts Voted the ijiat day of December 1003, and fii.3d wtb the Registrar of Joint Stock Companies. CAPITAL - - .£75,00P, In 15,000 shares of £5 each. " of which 10,000 Shares are now offered to the public ou the follovrnig terms 10s per share to be paid on application, Jgl on allotment, and the balance in Calle of 10b per share at intervals of ;«ok less than three.’ months when required. 5,000 Shares will be held in reserve,by the Company DIRECTORS J. BAKUOH, farmer, Hamilton, J. C ALLKN, farmer, Pioka, RICHARD REYNOLDS, Farmer. CAM BRIDGE T..STONE.' Farmer, Taupiri, J. KNIGHT, Fanner, Llamilton, t{. J. GILL, Farmer, Te Puke, W. N. STURGES,-Farmer, Ohaupr, W G. Park, Farmer, Cambridge, R. SEAVILL, Farmer, Waingaro, W. CBITTY, Farmer, Hamilton, S. -KNIGHT, Farmer, Hamilton, C. DAY? Farmer Tamahore, J. GORDON, Fanner, Eureki, J. PENNIKET Fanner, Ohaupo. Bankers : BANK OF NEW ZE ALAN D. Solicitor : 1 EDMUND MAHONY,3B, St.ortland Street, Auckland. Secretary (pro teni) : S, ( KNIGHT, Hamilton. 'l'emporary Offices : BOROUGH COUNCIL CHAMBERS, Victoria Street, Hamilton. Thia Company is being foimcd fur the purpose nt'freezing arid canning meat ata minimum rate, manufactoring by-products and curing bacon, and securing stability of market for stock. ; The,objects ef the Company.will be found more fu’ly set forth in the appended Memorandum of Association. Thu minimum subscription on which tUe directors may proceed to allotment is two thousand Shares (£10,000). The estimated amount of preliminary pense is j£«soo, exclusive of brokerage. A commission, not exceeding 5 per cent. on the amoihits payable on application and allotment, may be paid to the Company’s Broker or Brokers on all shares subscribed for through him or them. The Company in general meeting shall, frem 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 arccial journeys or perform an> special services on bohnlf 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. The qualification of every Director shall be the holding in his own right of at least 20 bhares in tie Company. The persons who are named as the Provisional Directors will.be the first Directors of the Company, and will, hold office nntil the statutory nu eting of the Company, | when'they will retire, and the Shareholders will be culled upon to elect Directors for the ensuing year. There is a strong consensus of opiinion 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 7!) acres or thereabouts situated on the railway line and bounded in part by the Mangere road, has been s€icu»-ed from Mr George Lamberton Thomson, of Otahuhu, which is exercisable on or before tho 2nd day of February, 1904, tho 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 L-elfast Freezing Company of Canterbury. This New Zealand Company hae been established for upwards of twenty years; has been eminently successful from tbe first; has extended flourishingbran-hes to Ashburton and Timaru, and is almost entirely owned and managed by tanners. No bettor object lesson can, therefore, be quoted to the farmers of Auckland. Briefly, the Belfast Freezing Company does not buy stock (although possessing tb* right to do bo 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 :he 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. books at the works. The establishment of ‘The Auckland Farmers’ Freezing Co., Ltd./ manage ion ; similar lines, will promote healthy competi- ( tion, and by presenting an ever ready channel to the grower for the disposal of his fat str-ck, will insuro 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 is confidently believed that in the near future the supply of fat sheep and cattle for freezing wi.l bo ample. The Dairy industry also as it expands, will provide an ever increas ing number of steer calvds, wkich will be turned into beef in due course. 'The 'BStjblishment of the Belfast Freezing Company xn tho various centres has in each case been attended with great benitit to town and country, and, as a consequence with prosperity to the farming community. This prosperity hae 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 stock which is assured by the operations of such a Company, arid 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 tho Auckland 1 Farmers’ Freezing Company, Limited, by taking up shares. I Copies of the Prospectus and and Forms of application, for Shares may be procured from Bank of Now Zealand,'Auckland or Hamilton, tho 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 ; J. C* Allen, Farmer, Piako, 40 shares ; R. Reynolds, Farmer, Cambridge, 40 shares ; T. Stone, Farmer. Taupiri, 40 shares ; J. Knight, Farmer, Hahiilton. 40 shares; H. J, Gill, Farmer, Tc J’ukc, 20 shares ; W. N, SturgeH, Farmer, Ohaupo, 20 shares ; W. G; I’ark, Farmer, Cambridge. 20 shares ; R. Seavill, Farmer Waiugaru, 20 shares ; W. Chitty, Farmer, Hamilton, 20 shares ; S. Knight, Farmer, Hamilton, 20 shares ; C. Day, Farmer, Tamahere, 20 shares ; John Gordon, Farmer, Eureka, 40 sharesJPonniket, Farmer, Ohaupo, 20 shares,