Page 4 Advertisements Column 2

Northland Age, Volume 14, Issue 33, 26 April 1917, Page 4

of the Company or any part of such profits. 10. To divide, as profits among the members of the Company, the proceeds of any disposal or realisation of any part of the property or assets of the Company which, in the. opinion of the Company, may fairly be considered and treated as accretions to capital. 17. To divide as profits among the members of the Company the net annual income to be derived from the exhaustion of any wasting asset of the Company, without any obligation on the part of the Company to provide for loss on any previous year’s operations. 18. To provide any property of the Company or any cash, or any shares, stocks, bonds, obligations, debentures, debenture stock, scrip, and securities the property of this Company, or of which this Company may have the power of disposing, whether or not the same be the proceeds of aiiy sale, lease, exchange, bailment, license, or other disposal or amalgamation, as mentioned in Clauses 11 and 12 hereof, or otherwise belonging to the Company, among the members in specie or in kind according to their respective rights. 19. To apply any part of the profits of the Company in the payment of bonuses, commissions, discounts, or rebates to persons dealing with the Company, whether shareholders or not, or by its articles or by its regulations to adopt any scheme or scale under which such profits shall be paid or divided. 20. To borrow or raise money or secure the payment of money owing, or the satisfaction or performance of any obligation or liability incurred or undertaken by the Company in such manner as the Company may think fit, and in particular by the issue of debentures, debenture stock, perpetual or redeemable, or by mortgage or change of lien, upon the whole or any part of the Company’s property or assets (whether present or future) including its uncalled capital, and to purchase, redeem, or pay off any such securities. 21. To make, draw, accept, endorse, discount, execute, and issue bills of exchange, promissory notes, bills of lading, dock and other warrants, debentures, and any other instruments negotiable or transferrable by delivery, or to order or otherwise. 22. To lend and advance money or give credit to such persons and upon such terms as may be thought fit, and in particular, to customers and persons dealing with the Company, and to give guarantees or become security for the payment of moneys or the performance of contracts or obligations by any such persons, and to receive money on deposit at interest or otherwise. 23. To invest and deal with the moneys of the Company not immediately required in such manner as may from time to time be determined, and in particular, to invest the same on mortgage, or purchase of real, leasehold or personal property, shares or securities, or by depositing the same with any corporation, public body, bank, company, firm, or person at interest, and such investments from time to time to vary. 24. To use any reserve fund created from accumulated profits or from the issue of shares at a premium as part of the Company’s capital, without capitalising the same. 25. To remunerate any firm, person, or company for services rendered to this Company, or to pay for any properties, rights, privileges, concessions, or any other thing or interest acquired by this Company by cash payment or by the allotment of shares, debentures, debenture stock, or other securities of the Company, partly or wholly paid up or otherwise.

26. To support and subscribe to, establish, or aid in the establishment and support of associations, institutions, provident and benefit funds, societies or clubs which may be for the benefit of the Company, its employees or exemployees, or which may be connected with any town or place where the Company carries on business, and to give pensions, gratuities or charitable aid to any person or persons who have served the Company, or the relatives or dependents of such person or persons, and to contribute to any public or charitable object. 27. To improve, manage, cultivate, develop, let or lease, turn to account, or otherwise deal with all or any part of the property or rights of the Company. 28. To construct, maintain, alter, improve, enlarge, pull down, remove or replace, manage, carry out and control