Page 2 Advertisements Column 2

Taranaki Daily News, Volume XLVII, Issue 8132, 12 June 1906, Page 2

PROSPECTUS The Taranaki Oil and Freehold Company, Ltd. (To be incorporated under "The Companies Act, 1908," as a Company Limited by Shares.) Dated at New Plymouth, in the Colony of New Zealand, the Second Day of June, 1906. Filed with the Registrar of Joint Stock Companies, New Plymouth. CAPITAL, - - - £15,000 In 15,000 Shares of £1 Each. Paid Up Shares. Twenty-Five fully paid up shares are to be issued to each of the Provisional Directors for the pains and trouble they respectively are taking and will take iu promoting, forming, and floating the Company and conducting its business until " the Statutory Meeting " is held; Fifty fully paid up shares are to be issued to Richard Cock, Esquire, the Trustee hereinafter named, for the trouble he will be put to in acting as Trustee; and Fifty fully paid up shares are to be issued to John Spencer Selwyn Medley, Esquire, as remuneration for his services as Secretary until " the Statutory Meeting " is held, and except as to such, no shares are intended to be issued with any preferential or other exceptional rights or limitations, and no amount is to >e paid to any one for promoting the Company, save the consideration payable to the vendors on the contract hereunder mentioned for the sale of theii land.

Ordinary Shares. The balance of the shares of the Company are now offering for subscriDtion at par upon the following terms: — 2/(> per share to be paid on application, 2/6 per share to be paid on allotment. 1/- per share to be paid one calendar month after allotment. And the balance will be payable in calls not exceeding 1/. per share at interva sof not less than one calendar month. Dividends are to be paid to shareholders in proportion to their shares, and not according to the amount naid up thereon. r Directors. WILLIAM THOMAS JENNINGS, of New Plymouth, Esq., M.H.R. FRANCIS PEACOCK CORKILL. of New PI. mouth, Notary Public GEORGE WILLIAM BROWNE, of New Plymouth, Contractor. MICHAEL JONES, of New Plymouth, Livery Stable Keeper. WILLIAM THOMAS GARDNER, of New Plymouth, Music Dealer. JAMES HAWKINS, of New Plymouth, Esquire. THOMAS KINGWELL SKINNER, of New Plymouth, Esquire. who wiU hold office until the first meeting of shareholders, which will be held not less than one month nor more than three months from the date upon which the Company becomes entitled to commence business at which ra « etm ? Permanent directors of the Company will bo appointed by the Solicitors. WESTON & WESTON, Brougham Street, New Plymouth. Bankers. THE NATIONAL BANK OF NEW ZEALAND, Ltd. Brokers. Messrs HARCOURT & CO., Wellington. Interim Secretary. JOHN SPENCER SELWYN MEDLEY, Esq., New Plymouth. Auditors. (To be appointed by the General Meeting.) Objects of Company. The Company is being formed for the purpose of acauiring by purchase from George Wyndhnm Henderson, of the city of Wellington, Music Dealer and Thomas Alexander Low, of the Borough of Wanganui, Ironmonger, the freehold of ten acres of laud situate about two miles from the New Plymouth Post Office, being allotments numbered 13, 14, 15, IG, 17, 18, 10, 20 21 and 22 respectively on the plan of tho township of Tironga, and such other lands held upon any tenure as the Company may think fit to acquire, and upon all such landi to prospect and bore for and sell and dispose of and otherwise deal with Petroleum Oil and otherwise as stated in the Memorandum of Association.

Term 3 of Purchase. [ Messrs G. W. Henderson aad T. A. Low are to receive the sum of £4OOO in cash as the purchase money for the 10 acres of land before mentioned. Contracts, Etc. A contract for the sale to the Company of the said 10 acres of laud is made between the said G. W. Henderson and T. A. Low of the one part, and Richard Cock, of New Plymouth, aforesaid, Esquire, as Trustee forthe Company of the other part, and is dated the second day of June, 1906. This contract may be inspected at the offices of the Company's Solicitors at any time during office hours. Mr F. P. Corkill, one of the Provisional Directors, filled the position of Attorney and General Manager in New Zealand for the New Zealand Petroleum and Iron Syndicate, Ltd., during the whole period of its existence. The minimum subscription on which the Directors may proceed to allotment is 5000 shares exclusive of the paid-up shares, and the business of the Company shall not be commenced until the 5000 shares have been subtcribed for. The amount of commission to be paid by the Company to its sharebrokers is not to exceed 5 per cent, on all shares sold by them and then allotted by the Company. The only shares to be issued as fully paid up are those to the Provisional Directors, the Trustee, and Secretary, as before stated, and except as to gucb shares the Directors have no interest in the promotion of the Company nor in any property proposed to be acquired by the Company, save as intending purchasers of contributing shares at par. The preliminary expenses of and incidental to the formation and establishment of the Company and until the Company shall be entitled to commence business are including advertising estimated to amount to £2OO and will be borne by the Company. ' The number of ordinary shares intended to be fixed by the Articles oi Association as the qualification of a Director is five. The Articles of Association of the Company will provide that (lie remuneration of the permanent Directors as distinguished from the Provisional Directors for their services shall be such sum as the Shareholders'of [the Company shall from time to time at the Annual General Meetin" determine. H Application for shares shall be made on the form accompanying tliProspectus and sent to |the Company's Brokers together with a remittanci for the amount piyable on application. If the number of shards allotted be less than the number applied for, the surplus amount paid on application will be credited in reduction of the sum due on allotment, and if there should then be a balance it will be returned in full. Where no allotment is made the application money will be returned in full. Shares will be allotted in i such order and mauner and in such numbers as the Directors may think fit. Prospectus and forms of application can be obtained from the Company's Brokers and Secretary. . r J Brokers: J S. 8. MEDLEY, New Plymouth. HARCOURT & CO., Wellington.

YES: There are other Jams Out on the deep the storm blew wild, But the man at the wheel stood firm. He swallowed some 0. T. PUNCH and smiled, For the cold couldn't make him squirm