Page 1 Advertisements Column 7

South Canterbury Times, Issue 2393, 17 November 1880, Page 1

Public Notices. PROSPECTUS OF THE (:.\NTFUJI UllY FARMERS' CO-OPERATIVE ASSOCIATION (LIMITED). Capital .. .. £IOO,OOO. IN 20,000 SHARES OF To 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 beimr made. Provisional UißECToits W. Postlethwaite, Esq., Geraldine Charles Bourne, Esq., Timaru John Goodwin, Esq., Fairlic Creek D, McLaren, Esq., Otaio J. Hayhurst, Esq., Teninka John Bradshaw, Esq., Otaio John Buckle, Esq., Arowhenua Joshua Pago, Esq., Timaru John Talbot, Esq., Tcmuka. Bankf.us : National Bank of New Zealand (Limited). Solicitor ; A. St. G. Hamerslcy, Great North Road, Timaru. Hon. Treasurer : Joshua Page, Esq. Hon. Secretary, pro text. Jbhn Bradshaw, Esq. The Prolifers of this Association wish 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 furtberencc 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 conlidence in bringing this Association before the public, as similar co-operative institutions have been 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 consuming markets of the world. This the Association will do by exporting the irodtiee for its Shareholders at the lowest ales in chartered ships, allowing Sharclolders advances on the produce so hipped or deposited with the Company or shipment or sale at the lowest rates. L'his the Promoters think will be of the greatest advantage, as (he rates usually lunged in Canterbury are excessively ligh. Tl in Shareholders of the Assoiation will therefore be in a position to hip their produce for sale to the best uarkets, instead, as has been so often he case, especially last season, of being oreed to sell in this country at most unions prices, and far below the value a other markets. Also great benelit wilt irocure coi t- 1,,., Association will ural implements, seeds, and an aicicnt.. >f consumption at the lowest cost, that ire useful to its shareholders. By these neans great saving will be effected, as ,he difference between the price of all irticlcs in New Zealand and in the places )f their manufacture, whether of busjandry or of general consumption, is far greater than many individual purchasers ire aware of. The Association will undertake any business and make all arrangements [hut 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 (it.

The benefits derivable from the Association will be strictly confined 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 Directors will be held at the Grosvenor Hotel, Timam, 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 be had at the Oliices of the National Dank, Timam, and its branches, any of the Directors, Mr lioger Ivitt, of Waimatc; and Mr Corbett, of Geraldine. Intending applicants can peruse the proposed Articles of Memorandum of Association at either the National Hank Oliices, Timam ; or at the oliices of A. St. G. ilauiersley, Solicitor, Great North road, Timam. 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 tire object, Ac, Ac, of the Association. MONEY. 1 A AA/1 T 0 HKNH, in sums sb 1 U f UU y of £2OO and upwards on approved security. AUSTIN A WEB I’, Solicitors, Timam TEA 2s TEA. *• __ cONC UE T K STOII E. Euzajiktu Stukkt. mHE 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 & CO.