Page 1 Advertisements Column 7

South Canterbury Times, Issue 2389, 12 November 1880, Page 1

I?ul>Iio Notices. ] PROSPECTUS ()K THE CANTERL JUJRY FARMERS’ CO-OPERATIVE ASSOCIATION (LIMITED). Capital .. .. £IOO,OOO. IN 20,000 SHARES OF £5 EACH, Payable as follows : Five Shillings per share on application, Ten Shillings per share on allotment, and the balance at calls ct not more than Ten Shillings per share at any one time. No call to be made under an inteival of three months from the previous one being made. Provisional Directors: W. Postlcthwaite, Esq., Ceraldinc Charles Bourne, Esq., Timaru John (foodwin, Esq., Fairlic Creek D. McLaren, Esq., Otaio J. Hayhurst, Esq., Temuka John Bradshaw, Esq., Otaio John Buckle, Esq., Arowhenua Joshua Page, Esq., Timaru John Talbot, Esq., Temuka. Bankers: National Bank of New Zealand (Limited). Solicitor : A. St. G. Hamersley, Great North Road, Timaru. Hon. Treasurer : Joshua Page, Esq. Hon. Secretary, pro tem. Jbhn Bradshaw, Esq. The Promoters of this Association wish to briny before the public of Canterbury the great gains to be derived by establishing in their midst a Company to be worked purely on co-opera-tive principles, having certain objects for the fnrthercncc of fanning interests, and offering a great (inancia/ saving to each individual member of tbc public who may become a shareholder. The Promoters, also, have great confidence in bringing this Association before the public, us similar co-operative institutions have been most successful in all parts of the world. Amongst tbc most important objects of tbc Association arc tbc following ; To procure fur its members greater facilities than at present exist, for the shipping of their produce to tbc consuming markets of the world. This the Association will do by exporting the produce for its Shareholders at the lowest talcs in chartered ships, allowing Shareholders advances on the produce so shipped or deposited with the Company for shipment or sale at the lowest rates. 'Phis the Promoters think will be of the greatest advantage, as the rates usually eliaggcd in Canterbury are excessively high. The Shareholders of the Assoeialion will therefore be in a position to ship their produce fur sale to the best markets, instead, as lias been so often ruinous prices, and far below tin; value in other markets. Alsu great bciielit will lie found in that the Association will procure cornsacks, woolpacks, agricultural implements, seeds, and all articles of consumption at the lowest cost, that arc useful to its shareholders. By these means great saving will be effected, as the difference between the price of all articles in New Zealand and in the pla:es of their manufacture, whether of busbandry or of general consumption, is far greater than many individual purchasers arc aware of.

The Association will undertake any business and make all arrangements that may be necessary with other linns for the furtherance and better carrying out of its objects. The .Directors are empowered by the Artic'es of Association to make tidvancos to its Shareholders on properties or other securities as they may think lit. The beuelits derivable from (he Association will be strictly conlincd to its Shareholders. The profits of the Association, after paying interest at the rate of 7 per cent per annum on paid-up capital, will be divided amongst all the Shareholders pro rata according to the amount of business done by each Shareholder. A meeting of the Provisional 1 )irect«»rs will be held at the (irusvenor Hotel. Timaru, on Saturday, November 27, when the shares then applied for will he allotted, and the date for the general meeting of Shareholders fixed for the appointment of Directors and the settlement of the Articles of Association. Forms of application for shares and any information may he had at the unices of the National bank, Timaru, and its branches, any of the Directors, Mr Roger Kitt, of Waimate; and Mr Corbett, of Uomldinc. Intending applicants can peruse the proposed Articles of Memorandum of Association at either the National bank Ullices, Timaru ; or at the oliices of A. St. U. JJamorsley, Solicitor, Ureal North road, Timaru. John Buckle, Esq., will, before the meeting, to be held on the 27th November, 1880, visit the towns and districts of South Canterbury, to receive applications for shares and to give any information that may be required as to the object, Ac, Ac, of the Association. MONEY. r<J I A AAA '-f'O LEND, in sums of £2OO and upwards, on approved security. AUSTIN A WEBB, Solicitors, Timaru TEA 2s TEA. CONG 11 ET E STOII E. Ex.iz.unrrn Sxkeet. rnHE decided success which has attended JL the efforts made at the above Establishment, to offer a GOOD TEA at 2s per lb, which should command a good sale, encourage us to ask those who have not brought our Tea into competition to do so. The present state of the market offers a great opportunity for securing remarkable value for the money. Country orders will be forwarded at once, on remittance of P. 0.0. or cheque, J. CLAYTON A CO.