Page 2 Advertisements Column 3

Gisborne Times, Volume XXVI, Issue 2277, 24 August 1908, Page 2

stituted by tho bakors of Gisborne, ■and this method will bo adhered to by the Directors so long as tho local bakers take a li'ko stand. Mr. Hailey has undertaken, should the Company require his services, to act as manager for the Company for 12 months, and has also ontored 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-to-date plant, and no fear of bad debts, the Directors are confident that the business can be made a highly successful ono. It will be their aim to extend the benefits of co-operation to all branches of the community, and if the public assist by subscribing for shares and supporting tho Company, tho 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 “Tho Companies Act, 1903,” tho following matter's are sot out:— (a) A copy of tho Memorandum of Association with tho names, addresses, and descriptions of tiro signatories and the numbor of shares subscribed for by them respectively is printed at the end hereof, and forms part of tho prospectus. (b) Tho number of shares fixed by tho Articles of Association as the qualification of a Director is ten. Tho Directors may appoint .a Managing Director, and fix his remuneration (c) The names, addresses, and descriptions of the proposed Directors are sot out at the beginning of this Prospectus. . (d) The minimum subscription on which tho Directors may proceed to allotment is fixed at 1000 shares. Tho amount payable on armlfixation and allotment aro hereinbefore set out. (o) 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 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 subscription by this Prospectus. The amounts payable in cash, shares and debentures to tho Vendor are hereinbefore set out. (g) The amount payable as purchaso money iii cash, shares, and debentures for such property as aforesaid, including gooclwill, has been hereinbefore sot out. (li) The Company lias 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 tho 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 C. G. Piesso for Jiis 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 (except-, ing book debts) before enumerated is dated tho 13th clay of August, 1908, and is made between the said Arthur Percy Hailey of the one part and Harold Brnest Bright as Trustee for and on behalf of the Company of the other part. Such contract and copies of the Memorandum and Articles of Association of the Company and of the Lease, Sub-Lease, and Agreement referred to in this Prospectus can be inspected at tho offices of the Company’s Solicitors, Messrs Rees Brothers and Bright, Lowe Street, Gisborne, during business hours (.1) The names and addresses of the auditors are set out at the commencement of this Prospectus. (m) Mr. Arthur Percy Hailey, Director, is interested in the promotion of and in the property proposed to be acquired to the extent only of his interest as Vendor under the contract,particulars of which are hereinbefore given, and none of the other Directors have any interest therein. (li)) This Prospectus is dated tho 13th day of August, 1908, and . ds signed by the persons named therein as Provisional Directors. It has been filed with tho

.j,.. Registrar of Joint Stock Corn* ; \ names. 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 no allotment is made, the deposit will be returned in full, and if the number of shares allotted on any application is less than the number applied for the balance of the application money will be applied an reduction of the allottee’s future liability on the shares allotted. Rated the 13th day of August, 19,08. SIGNATURES OF PROPOSED DIRECTORS. A. P. Hailey. Baker, Gisborne. Herbert W. Wijliaips, Clerk of Holy Ordors, Gisborne. 11. E. Hill, Land Agent, Gisborne. J. Harold Kano, Chemist, Gisborne. G. Palairet, Settler, Gisborne. L. Rcdward, Clerk, Gisborne. Jas. C. Aic'kin, Accountant, Gisborne. Witness to all above signatures— J. Todrig Witty, Clerk, Gisborne. GISBORNE PISH SUPPLY, GLADSTONE ROAD. (Opposite J. Morrison, Painter.) FRESH FISH Daily. Direct , from tlio Trawler. Ring up Telephone 158, and our Cart will promptly deliver your orders. A. J. RUSHER, Proprietor.