Page 1 Advertisements Column 7

South Canterbury Times, Issue 2390, 13 November 1880, Page 1

Public Notices. T)ROSPECTUS OF THE CANTERJL BURY 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 of not more than Ten Shillings per share at any one time. No call to be made under an interval of three months from the previous one beinu made. Provisional Directors : W. Postlcthwaite, Esq., Geraldine Charles Bourne, Esq., Timaru John Goodwin, Esq., Fairlie 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 ; I A, St. G. Hamersley, Great North Road, Timaru. Hon. Treasurer : Joshua Page, Esq. Hon. Secretary, pro teji. Jbhn Bradshaw, Esq. The Promoters of this Association wisli to bring 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 furtherance of farming interests, and offering a great financial saving to each individual member of the public who may become a shareholder. The Promoters, also, have great conlidencc in bringing this Association before the public, as similar co-operative institutions have boon most successful in all parts of the world. Amongst the most important objects of the Association are the following : To procure for its members greater facilities than at present exist, for the shipping of their produce to the confining markets of the world. Tin's the Association will do by exporting the produce for its Shareholders at the lowest lates in chartered ships, allowing Shareholders advances on the produce so shipped or deposited with the Company for shipment or sale at the lowest rates. This the Promoters think will he of the greatest advantage, as tiie rates usually changed in Canterbury are excessively high. The Shareholders of the Association will therefore be in a position to ship their produce for sale to the best markets, instead, as lias been so often the case, especially last season, of being forced to sell in this country at most ruinous prices, and far below the value in other markets. Also great benefit will be found in that the Association will procure corn sacks, woolpacks, agricultural implements, seeds, and all articles of consumption, at tiie lowest cost, that arc useful to its shareholders. By these means groat saving will he effected, as the difference between the price of all articles in New Zealand and in the places of their manufacture, whether of husbandry 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 firms for the furtherance and better carrying out of its objects. The Directors are empowered by the Articles of Association to make advances to its Shareholders on properties or other securities as they may think lit. The benefits derivable from the Association will be strictly confined to Us 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 Directors will be held at the Bros venue Hotel, Timaru, on Saturday, November 27, when the shares then applied for will be 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 ho had at the Dllices of the National Bank, Timaru, and its brandies, any of the Directors, Mr Roger Kitt, of Waimate; and Mr Corbett, of Geraldine, Intending applicants can peruse the proposed Articles of Memorandum of Association at either the National Bank Olliccs. Timaru ; or at the offices of A, St. G. Hamersley, Solicitor, Great North road, Timaru. John Buckle, Esq., will, before the meeting, to be held on the 27 th November, ISBO, visit the towns and districts of South Canterbury, to receive applications for shares and to give any information that may he required as to the object, Ac, Ac, of the Association. MONEY. HI A AA/j TO LEND, in sunu iiUr UvU of £2OO and upwards on approved security. AUSTIN A- WEBB, Solicitors, Timaru TEA 2s TEA. BP CONO RET JO STOl\ E. Elizabeth Street. rnilE decided success which has attended JL the efforts made at the above Establishment, to oiler 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 & CO.