Page 2 Advertisements Column 4

Gisborne Times, Volume XXVI, Issue 2301, 21 September 1908, Page 2

stituted by tho bakers of Gisborne, and this method will bo adhered to by tho Directors so long as tlio local bakers take- a like stand. Mr. Hailey has undertaken, should the Company reauire his services, to act as manager for the Company for 12 months, and has also entered into a covenant witli tlio Company not to enter into competition with the Company either on his owia bolialf or as servant or agent or otherwise within a radius of 50 miles from Gisborne. AVith a capable manager, an up-to-date plant, and no fear of bad debts, tlio Directors aro confident that tho business can be made a highly successful one. It will be their aim to extend the benofits of co-opcrabion to all branches of the community, and if the public assist by subscribing ior shares and supporting the Company, the Directors feel confident that they can by way of dividends and bonuses materially lessen to shareholders tho cost of the “staff of life.” To comply with the Provisions of “Tlie Companies Act, 1903,” the following matters are set out:— (a) A copy of tho Memorandum of Association with the names, addresses, and descriptions of the signatories and the number of shares subscribed for by them respectively is printed at tlio end hereof, and forms part of the prospectus. (b) The number of shares fixed by the Articles of Association as the qualification of a Director i 6 ten. Th© Directors may appoint a Managing Director, and fix his remuneration (c) The names, addresses, and descriptions of the proposed Directors are set out at the beginning of this Prospectus. . (d) The minimum subscription on which the Directors may proceed to allotment is fixed at 1000 shares. Tlio amount payable on armlication and allotment are hereinbefore set out. (c) It lias been agreed to issue 50 fully-paid up shares and 750 debentures, which are the shares and debentures hereinbefore referred to and agreed to bo taken by the Vendor in part consideration of the purchase moneys. (f) The Company proposes to purchases the lease and business a* a going concern of Arthur Percy Hailey, and to pay for the same partly out of the proceeds of the issue offered for subscription by this Prospectus. The amounts payable in cash, shares and debentures to the Vendor are hereinbefore set out. (g) Tho 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 £5 per cent to the broker on all shares subscribed for. (i) 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 estimated to amount to £75, and will be 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, plaiat, mar chinery 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 Hai-old Ernest Bright as Trustee for and on behalf of the Company of the other part. Such contract and copies of the Memorandum and Ai-ticles of Association of the Company and of the Lease, Sub-Lease, and Agreement referred to in this Prospectus oan be inspected at the offices of the Company’s Solicitors, Messrs Rees Brothers and Bright, Lowe Street, Gisborne, during business hours (J) The names and addresses of the auditors are set out at the commencement of this Prospectus. (m) Mr. Arthur Pei'cy Hailey, Director, is interested in the promotion of and in the property proposed to be acquired to the extent only of liis interest as Yendor under the contract,particulars of which are hereinbefore given, and none of the other Directors have any interest therein. (n) 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 is Registrar of Joint Stock Companies. Application for shares should bo 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 depo*it 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 a indication money will be annlied in reduction of the allottee’s future liability on the shares allotted. Dated tho 13th day of August,l9oß. SIGNATURES OF PROPOSED DIRECTORS. A. P. Hailey, Baker, Gisborne. Herbert AV. Williams, Clerk of Hnl? Orders, Gisborne. H. E. Hill, Land Agent, Gisborne J. Harold Kane, Chemist, Gisborne. G. Balairet, Settler, Gisborne. L. Redward, Clerk, Gisborne. Jas. C. Aic'kin, Accountant, Gisborne. AVitness to all above signatures— J. Todrig Witty, Clerk, Gisborne.

MATAWHERO STOCK SALE FIXTURES. NOTICE TO CLIENTS. THURSDAY, SEPTEMBER 24th. THURSDAY, OCTOBER Bth. THURSDAY, OCTOBER 22nd. THURSDAY, NOVEMBER sth. THURSDAY, NOVEMBER 19th. THURSDAY, DECEMBER 3rd. THURSDAY, DECEMBER Sale commences at 11 sharp. WILLIAMS & KETTLE, Ltd. N.Z. LOAN AND MERCANTILE AGENCY CO., Ltd. MURRAY, ROBERTS & CO.