28 SEPTEMBER THE NEW ZEALAND GAZETTE 2693

motor vehicle dealers; and that the said petition is directed
to be heard before the Court sitting at Palmerston North
on Friday, the 13th day of October 1978, at 9.30 o'clock in
the forenoon; and any creditor or contributory of the said
company desirous to support or oppose the making of an
order on the said petition may appear at the time of the
hearing in person or by his counsel for that purpose; and
a copy of the petition will be furnished by the undersigned
to any creditor or contributory of the same company requiring
a copy, on payment of the regulated charge for the same.

C. J. WALSHAW, Solicitor for Petitioner.

Address for Service: The offices of Messrs Rowe McBride
& Partners, 484 Main Street, Palmerston North.

NOTE—Any person who intends to appear at the hearing
of the said petition must serve on, or send by post to, the
above-named, notice in writing of his intention so to do. The
notice must state the name, address, and description of the
firm, and an address for service within 3 miles of the Supreme
Court at Palmerston North, and must be signed by the person
or firm, or his or their solicitor (if any), and must be
served, or, if posted, must be sent by post in sufficient time
to reach the above-named petitioner's address for service
not later than 4 o'clock in the afternoon of Thursday, the
12th day of October 1978.

4324

M. 362/78

In the Supreme Court of New Zealand
Christchurch Registry

IN THE MATTER OF the Companies Act 1955, and IN THE MATTER
of ROUNDTREE DEVELOPMENTS LIMITED, a duly incorporated
company having its registered office at 135 Hereford Street,
Christchurch, and carrying on business as property
developers:

NOTICE is hereby given that a petition for the winding up of
the above-named company by the Supreme Court was pre-
sented to the said Court by SPECTRUM PAINTERS LIMITED, a
duly incorporated company having its registered office at
Christchurch, on the 22nd day of August 1978; and that the
said petition is directed to be heard before the Court sitting
at Christchurch on the 20th day of September 1978, at ten
o'clock in the forenoon; and any creditor or contributory of
the said company desirous to support or oppose the making
of an order on the said petition may appear at the time of
hearing in person or by his counsel for that purpose; and a
copy of the petition will be furnished by the undersigned to
any creditor or contributory of the said company requiring
a copy on payment of the regulated charge for the same.

C. M. MARSHALL, Solicitor for the Petitioner.

This notice is given by Colin Marcus Marshall, solicitor for
the petitioner, whose address for service is at the offices of
Messrs Hattaway, Quigley, MacLean & Partners, 47 Cathedral
Square, Christchurch.

NOTE—Any person who intends to appear on the hearing of
the said petition must serve on, or send by post to, the above-
named, notice in writing of his intention so to do. The notice
must state the name, address, and description of the person,
or if a firm, the name, address, and description of the firm,
and an address for service within 3 miles of the office of the
Supreme Court for Christchurch, and must be signed by the
person or firm, or his or their solicitor (if any), and must be
served, or, if posted, must be sent by post in sufficient time to
reach the above-named petitioner's address for service not later
than four o'clock in the afternoon of Tuesday, the 19th day
of September 1978.

4243

The Companies Act 1955

J. RATTRAY & SON LTD.

NOTICE is hereby given that the following order of the
Supreme Court of New Zealand made at Christchurch on the
12th day of September 1978, and the minute as to the share
capital of the company incorporated therein have been
registered with the Registrar of Companies, at Christchurch,
on the 13th day of September 1978.

No. M. 305/78

In the Supreme Court of New Zealand
Christchurch Registry

IN THE MATTER of section 205 of the Companies Act 1955,
and IN THE MATTER of J. RATTRAY & SON LIMITED, a
company duly incorporated under the provisions of the

Companies Act 1955, and having its registered office at
Christchurch:

BEFORE THE HONOURABLE MR JUSTICE ROPER

TUESDAY, THE 12TH DAY OF SEPTEMBER 1978

UPON reading the notice of motion dated the 6th day of
September 1978 for orders sanctioning a Scheme of Arrange-
ment and confirming a Reduction of Capital of the above-
named applicant company and the Affidavits of Thomas Algie
Leitch, of Christchurch, Solicitor, and James Andrew Veitch,
of Christchurch, Company Secretary, filed herein this Court
hereby orders:

1. That the Scheme of Arrangement filed herein be sanc-
   tioned to the intent that the same shall be binding on all
   members of the Company and on the Company.

2. That the reduction by $100,000 of the capital of the
   Company by the cancellation of the issued 10,000 6% "A"
   preference shares of $1 each and by the cancellation of the
   issued 90,000 5½% "B" preference shares of $1 each referred
   to in the special resolution of shareholders of the Company
   passed at an extraordinary general meeting of the Company
   on the 6th day of September 1978 be confirmed on the
   following terms and conditions:

(i) That the sum of $100,000 being the paid up share
capital on the issued 10,000 6% "A" preference
shares and the issued 90,000 5½% "B" preference
shares be transferred to an account in the books of
the Company to be called "Preference Share
Redemption Account";

(ii) That the sum of $50,000 or such other sum as shall
equal the nominal value of ordinary shares to be
allotted to the holders of the cancelled preference
shares under the provisions of the said Scheme of
Arrangement may be transferred from the Preference
Share Redemption Account and applied in paying up
in full such ordinary shares on allotment;

(iii) That the balance of the Preference Share Redemption
Account then remaining be held, applied and paid as
if such account were a share premium account
established under Section 64 of the Companies Act
1955.

3. That the following Minute as to the share capital of the
   Company be approved pursuant to Section 78 of the
   Companies Act 1955:

The authorised capital of J. Rattray & Son Limited is
$2,500,000 divided into 2,500,000 ordinary shares of
$1 each the previously existing 10,000 6% "A"
preference shares and the previously existing 90,000
5½% "B" preference shares having been cancelled and
immediately following thereon the authorised capital
having been increased by the creation of 100,000
ordinary shares by the adoption of a Scheme of
Arrangement and the passing of resolutions giving
effect thereto on the 6th day of September 1978 and
subsequently approved by the Supreme Court of New
Zealand and that the sum of $1 has been paid or is
deemed to have been paid up on each of the issued
shares of the Company.

4. That notice of the registration of this Order and of the
   said Minute with the Registrar of Companies be published
   once in the New Zealand Gazette.

By the Court:
J. J. P. BALCAR, Deputy Registrar.

SCHEME OF ARRANGEMENT

(UNDER SECTION 205 OF THE COMPANIES ACT 1955)

To Convert all Preference Shares into Ordinary Shares

Between: J. Rattray & Son Ltd. and
(i) the holders of the 6% "A" Preference shares of the
Company,
(ii) the holders of the 5½% "B" Preference shares of the
Company, and
(iii) the holders of the Ordinary shares of the Company
being collectively all the members of the Company.

A. THE PRESENT SHARE CAPITAL

1. The authorised share capital of the Company is $2,500,000
   comprising:
   (a) 2,400,000 Ordinary shares of $1 each
   (b) 10,000 6% "A" Preference shares of $1 each
   (c) 90,000 5½% "B" Preference shares of $1 each
   The issued share capital is $1,949,804 comprising:
   (a) 1,849,804 Ordinary shares of $1 each all fully paid up
   (b) 10,000 6% "A" Preference shares of $1 each all fully
   paid up.
   (c) 90,000 5½% "B" Preference shares of $1 each all fully
   paid up.