Page 1 Advertisements Column 7

South Canterbury Times, Issue 2394, 18 November 1880, Page 1

X 3 ill)lit? Notices. Prospectus of the Canterbury FARMERS’ CO-OPERATIVE ASSOCIATION (LIMITED). Capital .. .. £IOO,OOO. IN 20,000 SHARES OF £6 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 mouths from the previous one being made. Provisional Directors: W. Postlethwaite, Esq., Geraldine Charles Bourne, Esq., Timaru John Goodwin, Esq., Fairlie Creek D. McLaren, Esq., Otaio J. Hayhurst, Esq., Tenmka 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 tkji. Jbhn Bradshaw, Esq. The Promoters of tin's 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 fnrtliercnce of farming interests, and offering a groat financial saving to eacli individual member of the public who may become a shareholder. The Promoters, also, have great conlidenco in bringing this Association before the public, as similar co-operative institutions have been must successful in all parts of the world. Amongst the most important objects of the Association arc 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 produce for its Shareholders at the lowest Kites 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 be of the greatest advantage, as the rates usually eha’-ged in Cantcrlmry are excessively high. Tl ic Shareholders of the Association will therefore he 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 oilier markets. Also great benefit will he found in that the Association will procure cornsaeks, 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 he effected, as tlie dilferenee between the price of all articles in New Zealand and in the places of their manufacture, whether of busbandry or of general consumption, is far greater tl.an many individual purchasers are aware of. The Association will undertake any business and make all arrangements that may be necessary with other (inns for the furtherance and bettor carrying out of its objects. The Directors are empowered by the Art ieh*s of Association to make advances to its Shareholders on properties or other securities as the}' may think lit. 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 percent 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, Timaru, on Saturday, November 27, when the shares then applied for will bo 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 Olliees of the National Bank, Timaru, and its branches, any of the Directors, Mr Roger Kitt, of Waiinate; and Mr Corbett, of Geraldine. Intending applicants can peruse the proposed Articles of Memorandum of Association at cither the National Bank Olliees, Timaru ; or at the olliees of A. St. G. Hamersley, Solicitor, Great 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, etc, Ac, of the Association. MONEY. pi A TO LEND, in sums UuU of £2OO and upwards on approved security. AUSTIN A WEB I?, Solicitors, Timaru TEA 2s TEA. GONO RE T E STO RE. EIIZ AI’.KTU ST!! EET, rnilE decided success which has attended J- 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 0fP.0.0. or cheque. J. CLAYTON A CO.