Page 1 Advertisements Column 7

South Canterbury Times, Issue 2400, 25 November 1880, Page 1

Public Noti<?es. PROSPECTUS OP TFE CANTERBURY FARMERS’ CO-OPERATIVE ASSOCIATION (LIMITED). Capital .. .. £IOO,OOO. IN 20,000 SHARES OF £•”, 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: AY. Postlethwaite, 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 : A. St. G. Hamerslcy, Great North Road, Timaru. Hon. Treasurer : Joshua Page, Esq. Hon. Secretary, pro tem Jbhn Bradshaw, Esq. The Promoters 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 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 eonlidence in bringing this Association before the public, as similar co-operative institutions have been most successful in all parts of (he 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 produce for its Shareholders at the lowest latcs 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 cha'-gcd in Canterbury are excessively high. The Shareholders of the Association will therefore he in a position to ship their produce for sale to the best markets, instead, as has 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 comsaeks, woolpaeks, agricultural implements, seeds, and all articles of consumption at the lowest cost, that are useful to its shareholders. By these moans great saving will he effected, as the difference between the price of all articles in Now Zealand and in the places of their manufacture, whether of husbandry or of genera! consumption, is far great'.-r ti.au many individual purchasers are aware of. The Association will undertake any business and make all arrangements that may be necessary with other linns for the furtherance and belter 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 (hey may think fit. 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 he held at the Grosvenur Hotel, Timaru. on Saturday. November 27, when the shares then applied for will be allotted, and tbc date for the general meeting of Shareholders lixed 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 Olliccs of the National Bank, Timaru, and its branches, any of (he Directors, .Mr Roger Kitt, of Waimate; ami Mr Corbett, of Geraldine. Intending applicants can peruse the proposed Articles of Memorandum of Association at cither the National Bank Ullices. Timaru ; or at the olliccs of A. St. U. Hamerslcy, Solicitor, Great North road, Timaru. John Buckle, Esq., will, before the meet ing, to be held on the 27tli November, ISbO, 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. iMO.OOG on approved security. TO LEND, in sums of £2OO and upwards j AUSTIN A- WEBB, Solicitors, Timaru TEA 2s TEA. GONG RE T E BTO RE. EI.IZAr.ETII STREET. T | HIE decided success which has attended J- 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.