Page 7 Advertisements Column 2

Poverty Bay Herald, Volume XXXV, Issue 11371, 2 September 1908, Page 7

long as all the local bakers take a like stand. "•. , ■ ;■■■.' :..; ". 1 Mr Hailey has consented, should the Company require his services, to act as manager . for the Company . for 12 months, and has also entered' 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 froni Gisborne. ] With a capable' manager,, ah up-to-date plant, /and no fear of bad debts, the Directors are confident that the business can be made a highly 1 successful one. It will be their J aim to extend the benefits of co-operation to all branches of the dommunity , and if the public as-' sist by subscribing; for snares and supporting the Cojripany,' the Directors feel confident that they „ can by .way of dividends and bonuses materially: lessen" t6 Shareholders the cost 'of the ''staff of To comply with the ' Provisions of Companies : Act, 1903," the following matters are set' out :— (a) A copy of the Memorandum of As r sociation with , the names, ad 1 dresses, and descriptions of the signatories and the* number, of shares subscribed for by them respectively 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 hia re- - numeration, (c). The names, addresses, and descrip- ■• tions of the proposed Directors I are set out at the beginning of this t Prospectus. (d) The minimum subscription on which the Directors may proceed to allotment is fixed at 1000 shares. The amount payable on application and allotment are hereinbefore set out. (c) It lias been agreed to issue 250 fully paid-up shares and 750 debentures, wliich are* the shares and debentures hereinbefore referred to and agreed to be .taken by the Vendor m 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 m cash, shares, and debentures to the Vendor ' are hereinbefore set out. (g) The amount payable as purchase money m 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 T fo'r. . (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 esti--1 mated to amount to £75, and will be borne by the Company, (j) The Vendor will pay Mr C. G. Piesse for his services m 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 <"- m trad©, plant, >*machinery, and otherf assets (excepting book, debts), before is dated the 13th day of August, 1908, arid is made ''bettweeri 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 arid copies of the Memorandum and Articles" of Association of the Company and of the Lease, SubLease, and Agreement. . referred to }U ".this Prospectus can be inspected at the offices of the Company's Solicitors, Messrs "Rees' Brothers and^ Bright. Lowe Street, Gisborne, during business hours. - (1) The. names and addresses of the. auditors are set out at the com- ' mencement of this Prospectus, (m) Mr Arthur Percy Hailey, Director, is interested m the promotion of and m. 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 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. 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 m 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 m reduction of the allottee's future liability on the shares allotted. - ' • ■ Dated the 13th day of August, 1908. SIGNATURES OF PROPOSED DIRECTORS. A. P. Hailey, Baker Gisborne. Herbert W. Williams, Clerk of Holy Orders, Gisborne. j H. E. Hill.' Land Agent, Gisborne. J. Harold Kane. Chemist, Gisborne. G. Palairet, Settler, Gisborne. L. Redward, Clerk, Gisborne. Jas. 0. Aickin/ Accountant, Gisborne. Witness to all above signatures — J. Todrig Witty, Clerk, Uisborne.