new capital giving priorities as against the holders of “ A” preference shares, unless the same be fiist sanctioned by a resolution the holders of “A” preference shares passed at a meeting specially convened for the purpose considering whether such preferential rights shall be given i* shares in such new capital. Nevertheless the Company may issue shares in such nejv capital with rights attached theretd entitling the holders thereof to rani, as to dividends and repaynn nt of capital on a winding up pail passu with the holders of “ A ” preference shares.
No application for less than 50 shares will be accepted. The preliminary expenses of and incidental to the formation and establishment of the Company, and until the Company shall be entitled to commence business (exclusive of commission at 2} per cent, on subscriptions procured such commission payable by allotment of shares) are estimated at £3OO. No promoters’ shares are being given, and no payments, direct or indirect, will be made to any promoter. Application for shares shall be made on the accompanying form and sent, together with the amount payable upon application (2s. per share), to Messrs. Reed and Miller, Kawakawa, Bay of Islands. The following is a copy of the Memorandum of Association of the Company, together with the names, addresses, and descriptions of the signatories, and the number of shares subscribed for by them respectively: EWEN WM. ALISON, Jun. ALFRED ANDREWES. J. ERNEST CLOSE. S. C. JOUNNEAUX. J. WM. McAULAY. E. R. MURPHY. W. A. NISBET. GEO. RIDDELL. S. G. WORSP. ALF. C. YARBOROUGH.
anee and counter-insuranc.e or re-insur-ance. 6. To carry on any branch of the Company's business on co-operative principles in order to minimise to producers dealing with or through the Company, the cost and expense of pro during, preparing for market, market ing, and distributing their produce, and to make arrangements with persons engaged in any trade, business, or profession for the concession to shareholders in this Company of any special rights, privileges anil advantages, and in particular in regard to the supply of goods. 7. To acquire and undertake the whole or any part of the business, goodwill, assets, property, rights, or undertakings of any business or company carrying on or having power to carry on any business which the Company is authorised to carry on by any specific or general clause of this memorandum expressly or by implication, and as part or whole of the consideration therefor, to undertake all or any of the liabilities of such person, firm, or company, and to give or accept by way of consideration for any of the acts or things aforesaid, or for anything required as aforesaid, any cash, shares, debentures, or securities that may be agreed upon. 8. Generally to purchase, to take on lease, or in exchange, hire or otherwise acquire any real and personal property, and any rights or privileges which the Company may think necessary or convenient for the purpose of its business or businesses, and in particular any
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Bibliographic details
Northland Age, Volume 14, Issue 32, 19 April 1917, Page 3
Word Count
498Page 3 Advertisements Column 4 Northland Age, Volume 14, Issue 32, 19 April 1917, Page 3
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