Page 7 Advertisements Column 3

Poverty Bay Herald, Volume XXXV, Issue 11370, 1 September 1908, Page 7

long as all the local bakers take a like stand. Mr Hailey has consented, should the Company require his. services, to act as manager for the Company for 12 months, and has, also enteredt into _ a. covenant with tlie Company not to enter into competition -with, the Company either on his own behalf or. as servant or agent or otherwise, within a radius of 50 miles ,from Oisfeothe. *(; v .?' With , a .'cap&ble ;'. , manager, 'an up-to-date plant, and no fear of bad debts the Directors are confident that the^ business can.be made a highly-, successful one. - It. -will be their :aim to extend the benefits of co-operation to all branches of the. community, : and if the public assist by subscribing for .shares. and supporting the Company^ ; the Directors feel confident that they caii by 'way of dividends and bonuses materially lessen to Shareholders the cost of. the, "staff of To comply with the Provisions of "The Companies Act, 1903," the following matters are set" out: — (a) A copy of the Memorandum of Association with ;, the names, addresses, ■ and descriptions of the signatories and ; the: number ' of shares subscribed for-by them reepectiveiy; is printed at the 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 is ten. The Directors may appoint a Mainaging 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) Th© minimum, suibscriptjon on which the. Directors .may , proceed to " al- " lotment is fixed at! 1000 : shares. • The amount payable'-' on application and allotment are hereinbefore set out. / (e) It has been agreed to issue 250 fully paid-up shares and 750 debentures, which are the shares and . debentures hereinbefore referred to and * agreed to <■ be taken by the Vendor in part consideration of; the purchase moneys. (f) The Company proposes to purchase the lease and. business, as 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) The .'; amount payable,, as purchase money in cash, shares, and debentures for such J > 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. Q. 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 7 Artii ur Percy Hailey and the stock r in "wade, 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 Compaaiy and of the Lease, SubLease, and Agreement Tieferred to in this Prospectus can be inspected at the offices of the Company's Solicitors, Messrs Rees Brothers aridßright, Lowe Street, Gisborne, , during business , hours. '(1) The names and* addresses of the auditors are set out "at the commencement of this . Prospectus, (m) Mr. Arthur Percy Hailey, Director; is interested in th© promotion of and in the property proposed to be acquired to the extent only of his interest as Vendor .under the contract, particulars of which are hereinbefore given, and' none of the other Directors have any in- • terest therein. (n)'This Prospectus is dated the 13th day of August, 1908, and is sign-* ed by the persons named therein as. Provisional Directors. It has been filed with the Registrar of Joint Stock Companies. Application for shares should be 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 deposit 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 application money will be applied in reduction of the allottee's future liability on the shares allotted. Dated the 13th day of August, 1908. SIGNATURES OF PROPOSED DniEOTORS. A. P. Hailey, Baker Gisborne. Herbert W, 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. Adckin, Accountant, Gisborne. Witness to all above signatures — J. Todrig Witty, .Clerk, Gisborne.

Telephone — No. 69. STRAND PRIVATE HOTEL AND CAFE GLADSTONE ROAD. Under Now Management. PUNCTUALITY and ABSOLUTE CLEANLINESS Our Motto. Day Boarders — 4s 6d per day. Weekly Boarders — £1 per week. For Meals Only — 15s per weekSix Meals for os. ■* | FIRST-CLASS LUNCH from 12 till 2. FISH AND OYSTERS EVERY DAY. I LATE SUPPERS A Special Feature of Our Busineii. DOUGLAS - BROS. PROPRIETORS. The above Hotel is centrally situated and within three minutes' walk of Railway Station, Wharf and Post Office. Branches at Auckland, Napier, end Hastings. 673