Page 4 Advertisements Column 6

Gisborne Times, Volume XXVI, Issue 2275, 21 August 1908, Page 4

stiluted by tho bakers of Gisborne, and ibis lnotliod will bo ad bo red to by tho Directors so long as tho local bakers take a like stand. Mr. Hailey has undertaken, should tho Company renuiro his services, to act as manager for the Company for 12 months, and lias also entered into a covenant- with the Company not to enter into competition with tho Company either on his own bohalf or as sorvant or agent or otherwise within a radius of 50 miles from Gisborne. With a capable manager, an up-to-date plant, and no fear of bad debts, the Directors are confident that the business can bo made a highly successful ono. It will bo their aim to extend the benefits of co-operation to all branches of t-lio community, and if tho public assist by subscribing for shares and supporting the Company, tin- 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 tho Provisions of “The Companies Act, 1903,” the following matters are set out:— (a) A copy of t-lio Memorandum of Association with tho names, addresses, and descriptions of the signatories and the number of shares subscribed for by them respectively is printed at tho end hereof, and forms part of tho prospectus. (b) The number of shares fixed by tho Articles of Association as tho 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 tho beginning of this Prospectus. . (d) The minimum subscription oil which tho Directors may proceed to allotment is fixed at 1000 shares. Tile amount payable on aiinlioat-ion and allotment are hereinbefore sot out. (c) It lias 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 ■ the purchase moneys. (f) The Company proposes to purchases the lease and business as a going concern of Arthur Percy Hailey, and to pay for the same partly out of the proceeds of tho issue offered for subscrip- . tion by this Prospectus. The amounts payable in cash, shares and debentures to the Vendor aro hereinbefore sot out. (g) Tho amount payable as purchase money iti cash, shares, and debentures for such property as aforesaid, including "goodwill, has been hereinbefore set out. (h) The Company lias agreed to pay a commission at the rate of £5 per cent to the broker ou all shares subscribed for. (i) The preliminary expenses of and incidental to the formation and establishment of tho Company and until tho Company shall be entitled to commence business are estimated to amount to £75, and will bo borne by the Company. (j) The Vendor will pay Mr C. G. Piesse for his services in the promotion of the Company the sum of 50 guineas. (k) The contract for sale to the Company of the property of the said Arthur Percy Hailey and the stock-in-trade, plant, machinery and other assets (excepting book debts) before enumerated is dated tho 13th day of August, 1908, and is made between tho said Arthur Percy Hailey of tho one part and Harold Ernest Bright as Trustee for and on behalf of tho Company of the other part. Such contract and copies of the Memorandum and Articles of Association of the Company and of tho Lease, Sub-Lease, and Agreement referred to in this Prospectus can be inspected at the offices of the Company’s Solicitors, Messrs ltees Brothers and - Bright, Lowe Street, Gisborne, during business hours (l) Tho names and addresses of the auditors arc set out at the commencement of this Prospectus. (m) Mr. Arthur Percy Hailey, Director, is interested in tho promotion of and in tho property proposed to bo acquired to the extent only of hi s interest as Vendor under tlie contract,particulars of which arc hereinbefore given and nono of tlio other Directors liavo any interest therein. (n) This Prospectus is dated tlie 13th day of August, 1908, and ■is signed by tlie persons named therein as Provisional Directors. It Ims boon filed with the Registrar of Joint Stock Companies. Application for shares should bo made upon tho form accompanying this Prospectus, and sent to tlio Secretary of the Company, together with the amount payable on application. If no allotment is made, tlio deposit will be returned in full, and if tlio number of shares allotted on any application is less than the number applied for the balance of the application money will bo applied in reduction of the allottee’s future liability on tlio shares allotted. Dated tho 13th day of August,l9oß. SIGNATURES OF PROPOSED DIRECTORS. A. P. Hailey. Baker, Gisborne. Herbert AV. Williams, Clerk of Holy Orders, Gisborne. H. E. HHI, Land Agent, Gisborne. J. Harold Kane, Chemist, Gisborne. G. Palairet, Settler, Gisborne. L. Redward. Clerk, Gisborne. Jas. O. Aickin, Accountant, Gisborne. AA'itness to all above signatures— J. Todrig AVittv, Clerk, Gisborne.

JgEATTIE, UNION BANK BUILDINGB. Upstairs. HAIR SPECIALIST & MASSEUR. VIBRATORY Head and Face Massage. Shampooing and Bathing, and Hair-work of every description undertaken. Toilet ReSniaite* in stock.