Capital

The nominal capital of the company is Twenty Thousand Pounds (£20,000) divided into twenty thousand shares of one pound (£1) each.

Directors

Philip Andrews of Wopwopville,

Athlete,

(sole director)

The relevant articles relating to share qualification and remuneration are set out hereafter.

Auditors

Messrs. Cowan, Tright & Hope

Solicitors

Benjamin Doone.

Philip McCracken & Co.

Secretary

Jasper Group.

Objects

The company is being formed for the primary purpose of taking over New Zealand Rugby, by various methods, and developing into the largest profit-making concern in the Commonwealth outside of the Inland Revenue Department. The approval of the Capital Issues Committee is not necessary as they have been promised season tickets for the Wellington and Taranaki matches. It is expected that the company will shortly acquire property at Eden and Athletic Parks for entertainment purpose over the Christmas and Easter periods when the company's players make their world tour.

Minimum Subscriptions

The Director Accordingly Fixes the Minimum Subscriptions on which The Company May Proceed to Allotment as Twenty-Four Thousand Pounds (£24,000).

The director hopes that this amount will be sufficient to ensure large profits immediately for the director, and perhaps, some dividends later for the shareholders.

Properties to be Purchased

Preliminary agreements have already been entered into between the N.Z. Rugby Property Board and Philip McCracken as Trustee for the Company. The property at Athletic Park comprises over 11 acres and a considerable part of the property which will not be required for rugby purposes, is to be sold for building sections. No trouble is expected from the Lands and Deeds Department at the cost of a few dozen.

The consent of the Minister of Finance has been obtained to the issue of shares offered in terms of this Prospectus, but the Minister does not accept responsibility for any statements made therein either as to fact or as to prospects of the company.