Page 3 Advertisements Column 6

Pukekohe & Waiuku Times, Volume 5, Issue 205, 1 September 1916, Page 3

ABRIDGED PROSPECTU of the Waikato Shipping Co., Ltd Intended to be Incorporated under " The Companies Act, 1908," (as a Company limited by Shares) Dated 14th August, 1016, and filed with the Registrar of Companies at Auckland. Nominal Capital £15,000 6,000 Shares of £2 109 each, of which 4,186 Shares are now offered to the Public, payable 5s on Application 5s on Allotment and the balance in calls of not more than 10s each, made at intervals of not less than one month. Directors: ROBERT CLEPHANE, of Churchill, farmer CHARLES CHRISTOPHER DAVIS, of Onebunga, Manufacturer EDWARD THORNEYCROFT FROST, of Tuakau, Flaxmiller LINDSAY, U. HORROCKS, of Waerenga Down*, Wbanganiaiino, Farmer JOHN T. JOHNSON. J.P., of Pirongia, Farmer WILLIAM WILSON, of Karamu, farmer Bankers: NATIONAL BANK OFi NEW ZEALAND, LIMITED. Solicitors: Messrs WYNYARD. SK.ELTON & WILSON, Wright's Buildings, Fort Street, Auckland Provisional Secretary: W. P. CARLTON HAY, Exchange Lane, Auckland Signatories to the Memorandum of Association are as under: ROBERT CLEPHANE, farmer, Churchill P. R. COLEBROOK, merchant, Auckland E. T. FROST. tUxmiller, Tuakau Wm, GOODFELLOW, merchant, Hamilton L B. HORROCKS, farmer, Te Kauwhata J. T. JOHNBON, J.P., farmer, Pirongia Wm. WILSON, farmer, Karamu THE COMPANY is being formed primarily for the purpose af acquiring and extending the principal shipping and carrying concerns on the Waikato River These businesses are at present carriod on, respectively, by Messrs Casar Roose, Junior, Edward Hallett and C. C. Davis. It is proposed to acquire these businesses, with their considerable plants, and to provide capital for increasing and extending same, in order to meet the growing requirements of the districts served by this river and its tributaries. The Directors have gone carefully into the (juestion of th* valuations of the assets of the businesses proposed to be acquired by the Company, and have had a special independent valuation made of all the steamers, launches, boats and punts, by Messrs David Goukand Sons, Boatbuilders, of Auckland, in substantiation of the owners' valuations. A copy of the report can be inspected at the Office of the Secretary. The Articles of Association, which are on the co-opentive principle, provide the nett profits of the Company shall be applied : FIRSTLY, in payment to each shareholder in the Company of a discount or rebate, of o per cent on freights on goo Is paid by him to the Company during the preceding year; SECONDLY, in payment to the Shareholders of a dividen I at the rate of £S per centum per annum on the amount p*id up on shares of the Company, and the balance (it any) shall b9 applie', at the discretion of the Directors, either in further dividend bonus or rebates. The Directors have power to make hilfyearly interim payments. The confidence of the vendors iu the proposed Company is evidenced by the fact that out of a total payment of £7510 for their interests they have agreed to take £4535 in shares, leaving a cash payment of only £21*75. The Waikato River, which is situated in the most progressive Province in the Dominion, is navigable for lengthy distance I *. With its slow-current tributariss, including the Waipa River, and lakes, giving access to vist areas only partly improved and capable of immense development, it forms a natural highway, having advantages possessed by no other river in the Dominion, and the possibilities of rapid expan*iou are peculiar to its situation and character. The development of these highways in a businesslike manner will not only result in profit to the Company, but increase the prosperity of the districts served. The trade at present tarried on by the three businesses (which it is proposed to amalgamate and extend) cannot be so economically controlled as by one concern having a large range of vessels capable of coping with all the different classes of traffic available on the river and its tributaries. Strong business connections have already been established by the three companies, and these will be at once available to tho new Company, so that a regular trade will be at once entered on, aud it is confidently expected that a return of at least 10 per tent, will be made on the capital invested. Full prospectus and application forms are obtain* able from Messrs Hendry and Hay, Stockbrokers, Exchange Lane, Auckland: from Messrs English and Luxford. Accountants, Hamilton : at the "Waikato Times" Otfice, Hamilton: or at the " Pukekohe Times " Office, Pukekohe.