Page 2 Advertisements Column 4

Gisborne Times, Volume XXVI, Issue 2281, 28 August 1908, Page 2

stitnted by tlio bakers of Gisborne, and this motliod will bo adhered to by tlio Directors so long as tlio local bakers take a li'kektand. Mr. Hailey lias undertaken, should the Company reouire his services, to act as manager for the Company for 12 mouths, and has also entorod into a covenant with the Company not to enter into competition with the Company cither 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-dato plant, and no fear of bad debts, the Directors aro confident that the business can bo made a highly successful ono. It will bo their aim to extend tlio benefits of co-operation to all branches of tlio community, and if the public assist by subscribing for shares and supporting the Company, tlio Directors feel confident that they can by way of dividends and bonuses materially lessen to shareholders the cost of tlio “staff of life.”

To comply with tho Provisions of “Tho Companies Act, 1903,” tho following matters aro sot out:— (a) A copy of tho Memorandum of Association with tho names, addresses, and descriptions of tho signatories and tho number of shares subscribed for by them respectively is printed at tbs end hereof, and forms part of tho prospectus. (b) Tho number of shares 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 tho proposed Directors aro sot out at tho beginning of this Prospectus. . (d) The minimum subscription on which the Directors may proceed to allotment is fixod at 1000 shares. Tho amount payable on nnnlioation and allotment aro hereinbefore sot out. (e) It lias been agreed to issuo 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) Tho Company proposes to purchases the lease and business as a going concern of Arthur Percy Hailey, and to pay for tho same partly out of tho proceeds of the issue offered for subscription by this Prospectus. The amounts nayablc in cash, shares and debentures to the Vendor are hereinbefore sot out. (g) The amount payable as purchase money in cash, shares, and debentures for such property as aforesaid, including goodwill, has been hereinbefore set out. (h) Tho Company has agreed to pay a commission at the rate of £5 per cent to the broker oil all shares subscribed for. / (i) The preliminary expenses of and incidental to the formation and establishment of tho Company sand until the Company shall be entitled to commence business are estimated to amount to £75, and will be borne by t-lie Company. (j) Tho Vendor will pay Mr O. G. Pi esse for his services in the promotion of tho 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 the 13th day of August, 1908, and is made between the said Arthur Percy Hailey of the one part and Harold Ernest 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 the offices of tho Company’s Solicitors, Messrs Rees Brothers and Bright, Lowe Street, Gisborne, during business hours (l) The names and addresses of the auditors are set out at tho commencement of this Prospectus. (m) Mr. Arthur Percy Hailey, Director, is interested in tho promotion of and in the property proposed to bo acquired to the extent only of his interest as Vendor under the contract,particulars of which arc hereinbefore given, and none of tho other Directors have any interest therein:. (u)) 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 tlio

Registrar of Joint Stock Companies. Application for shares should bo made upon tlio form accompanying this Prospectus, ami sent to tho Secretary of the Company, together with tho amount payable on application. If no allotment is made, the doposit will be returned in full, and if the number of shares allotted on any application is loss than tho number applied for tho balance of tho application money will bo applied in reduction of tho allottee’s future liability on the shares allotted. Dated tho 13th day of August,l9oß. SIGNATURES OF PROPOSED DIRECTORS A. r. Hailey, Raker, Gisborne. Herbert IV. Williams, Clerk of Holy Orders, Gisborne. H. E. Hill. Land Agent, Gisborne. J. Harold Kane, Chemist, Gisborne. G. Palairet, Settler, Gisborne. L. Redward, Clerk, Gisborne. Jas. C. Aic’lrin, Accountant, Gisborne. Witness to all above signatures— J. Todrig Witty, Clerk, Gisborne.

(Late Foreman for H. Sandlant.) WISHES to announce that he has started business as a PRACTICAL TAILOR, ■ and has all the Latest in Autumn and Winter Goods to choose from. Customers are guar, anteed satisfaction in FIT, STYLE, and WORKMANSHIP. LIBERAL DISCOUNTS ARE GIVEN FOR CASH. PREMISES: OPPOSITE WHINTtAY’S HALL, Gladitone Road,