Page 2 Advertisements Column 3

Gisborne Times, Volume XXVI, Issue 2271, 17 August 1908, Page 2

sfcitutocl by tho bakers of Gisborne, and this method will be adhered to by tho Directors so long as tho local bakers take a like stand. Mr. Hailey lias undertaken, should the Company mini re his services, to act .as manager for the Company for 12 months, and has also entered into a covenant with the Company not to enter into competition with the Company either on his own behalf or as servant or agent or otherwise within a radius of 50 miles from Gisborne. With a capable manager, an up-tg-dnte plant, and no fear of bad debts, tlio Directors are confident that tho business can bo made a highly successful ono. It will be their aim to extend tho benefits of co-operation to all branches of the community, and if tho public assist by subscribing for shares and supporting the Company-, the Directors feel confident that they can by way of dividends and bonuses materially lessen to shareholders the cost of the “staff of life.” To comply with the Provisions of “Tho Companies Act, 1903,” tho following matters are sot out:— (a) A copy of the Memorandum of Association with the names, addresses, and descriptions of the signatories and the liuuibor .of shares subscribed for by them respectively is printed at the end hereof, and forms part of tho prospectus. (b) The number of si Hires fixed by the Articles of Association as the qualification of a Director is ten. The Directors may appoint a Managing Director, and fix his remuneration (c) Tho names, addresses, and descriptions of the proposed Directors are set out at the boginning of this Prospectus. . (d) The minimum subscription on which the Directors may proceed to allotment is fixed at 1000 shares. The amount payable on aunlicntion and allotment are hereinbefore set- out. (c) It has been agreed to issue 50 fully-paid up shares and 750 debentures, which are tho shares and debentures hereinbefore referred to and agreed to be taken by the Vendor in part consideration of tho purchase moneys. (f) Tho Company proposes to purchases the leaso and business as a going concern, of Arthur Percy Hailey, and to pay for the same partly out of tho proceeds of the issue; offered for subscription by this Prospectus. Tlte amounts payable in cash, shares and debentures to the Vendor are hereinbefore set out. (g) Tile amount payable as purchase money in cash, shares, and debentures for such property as aforesaid, including 'goodwill, has been hereinbefore set out. (h) The Company has agreed to pay a commission at the rate of £6 per cent to the broker on all shares subscribed for. (i) The preliminary expenses of and incidental to the formation and • establishment-of tlie Company and until the Company shall be entitled to commence’ business are estimated to amount to £75, and will be borne by the Company. (j) The Vendor will pay Mr O. G. Piesso for his services in tho promotion of the Company the sum of 50 guineas. (k) The contract for sale to the Company of the property of tho said Arthur Percy Hailey and the stock-in-trade, plant, mar chiuery and other assets (excepting book debts) before enumerated is dated the 13th day of August, 1908, and is made between tho said Arthur Percy Hailey of tho one part and Harold Ernest. Bright ns Trustee for and on behalf of the Company of tlio other part. Such contract and conies of the Memorandum and Articles of Association of the Company and of the Lease, Sub-Lease, and Agreement referred to in this Prospectus can bo inspected at the offices of the Company's Solicitors, Messrs llees Brothers and Bright, .Lowe Street, Gisborne, during business hours (J) The names and addresses of the auditors are set out at the commencement of tin's Prospectus. (m) Mr. Arthur Percy Hailey, Director, is interested in. tlie promotion of and in the property proposed to be acquired to the extent only of his interest as Vendor under the contract,particularsof which are hereinbefore given, and none of the other Directors have any interest therein. 00) This Prospectus is dated the 13th day of August, 1908, and is signed by the persons named therein as Provisional Directors. It has been filed with the Registrar of Joint Stock Companies. Application for shares should be made upon the form accompanying this Prospectus, and sent to the Secretary of the Company, together with the amount payable on application. If jio allotment is made, tlio deposit will be returned in full, and if the number of shares allotted on any cii>plication is less than tlie number applied for the balance of tho annlication money will lie annlied ill reduction of the allottee’s future liability on the shares allotted. Dated tlio 13th day of August,l9oß. SIGNATURES OF PROPOSED DIRECTORS. A. P. ITailey, Baker, Gisborne. Herbert W. Williams, Clerk of Holy Orders, Gisborne. H. E. Mill. Land Agent, Gisborne. J. Harold Kano, Chemist, Gisborne. G. Palairet. Settler, Gisborne. I. ■ Red ward. Clerk, Gisborne. Jas. C. Aitkin, Accountant, Gisborne. Witness to all above signatures—, J. Todrig Witty, Clerk, Gisborne.

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