Page 3 Advertisements Column 1

Northland Age, Volume 14, Issue 32, 19 April 1917, Page 3

The Subscription List will be closed on or before 31st May, 1917 Dated this 20th day of March, 1917 | This Prospectus has been filed with the Registrar of Companies, Auckland] Prospectus Of Che TTorth Auckland Freezing Company Cimited (To be Incorporated under The Companies Act, 1908) Capital - 60,000 Divided into 60,000 Shares of £1 each, of which 50,000 Shares are Preference Shares called “ A ” Preference Shares, and 10,000 are Ordinary Shares 50,000 “A” Preference Shares are now offered to the Public for Subscription; Over 30,000 of the same having already been subscribed for by the Signatories to the Memorandum of Association All applications for shares received on or before Ist May, 1917, shall be treated as applications for A Preference Shares, and after that date no applications for “A” Preference Shares shall be received, and any oi the said 50,000 “A” Preference Shares not allotted in pursuance of applications received on or before the .list May, 1917, shall as from that date be ordinary shares and may only be applied for and issued as such. The A 1 reference Shares shall confer on the holders thereof the prior right to receive out of the profits of the Company available for dividend a fixed cumulative preferential dividend at the rate of £7 per centum per annum on the amount for the time being paid up thereon, and also the right to participate pari passu with the holders of ordinary shares in any surplus profits available for dividend after the holders of ordinary shares have received a dividend at the rate of £7 per centum per annum on the amount paid up thereon, and shall in addition thereof have a first preferential right to repayment of capital on the distribution of assets in a winding up. Tbe Terms of Issue are: 2s. per share to be paid on application 6d. per share to be paid on allotment Seven calls, as required, of 2s. per share, payable not less than six months between each call, and the balance not less than six months after seventh call The Directors do not anticipate that it will be necessary to call up more than 12s. 6d. per share, but no guarantee, of course, can be given regarding this. PROVISIONAL DIRECTORS: EWEN WILLIAM ALISON, Junior, Solicitor, Auckland. ALFRED ANDREWES, Storekeeper, Opononi. JOHN ERNEST CLOSE, Farmer, Pakaraka. ST. CLAIR JOUNNEAUX, Farmer, Kamo. JOHN WILLIAM McAULAY, Farmer, Okaihau. WILLIAM ARTHUR NISBET, Farmer, Kaeo. EDWARD ROWLEY MURPHY, Farmer, Tokomaru Bay. GEOROE RIDDELL, Farmer, Kerikeri. SYDNEY GERALD WORSP, Farmer, Whangarei. ALFRED COOKE YARBOROUGH, Farmer, Kohukohu. BANKERS: SOLICITORS: BANK OF NEW SOUTH WALES. REED & MILLER. INTERIM SECRETARY: ARTHUR AICKIN, Te Ahuahu.

of the signatures to the Memorandum of Association shows the strong backing of suppliers the Company has already got. UNITY. An effort is being made by the establishment of this Company to combine all the Northern farmers in one large local Farmers’ Cooperative Company, to control the local farmers’ freezing business, and so enable the farmers to market their own produce to the best possible advantage, and to secure by means of combination the benefits arising from carrying on their own undertakings on cooperative principles. Every supplier is asked to help the movement by taking shares

OBJECTS. This Company has been formed for the purpose of establishing Freezing Works in North Auckland, and generally of carrying on the trade and business of freezing, anl exporting produce and the. other purposes set forth in the Memorandum of Association. CO-OPERATION. Realising the great importance of producers themselves owning and controlling the distribution of their own products, this Company has been formed purely as a farmers'’ co-operative concern. All the capital is being raised |rom local farmers, and a perusal

fairly in proportion to the stock or land he owns. SMALL FARMER. In order to give confidence to the smaller farmers (whose interest in the Company is so earnestly desired) an effort was first made to secure the co-operation of all the larger suppliers in the North. This has been well accomplished, and with such strong support already guaranteed, smaller farmers may now join the Company, feeling that they are investing in what must be a profitable and successful undertaking. SHAREHOLDERS’ RIGHT TO SPACE. Shareholders supplying stock