Page 1 Advertisements Column 7

South Canterbury Times, Issue 2402, 27 November 1880, Page 1

Publi(! Notices. Prospectus of the Canterbury FARMERS’ CO-OPERATIVE ASSOCIATION (LIMITED). Capita i £IOO,OOO. IN 20,000 SHARES OF EACH, Payable as follows ; Five Shillings per shaie on application, Ten Shillings per share on allotment, and the balance at calls cf 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 being made. Provisionat, Directors : W. Postlethwaite, Esq., Geraldine Charles Bourne, Esq., Timaru John Goodwin, 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). Sor.icrrou: A. St. G. Hamcrsley, Great North Road, Timaru. Hon. Treasurer: Joshua Page, Esq. Hon. Secretary, pro tem Jbhn Bradshaw, Esq. The Promoters of tin's Assooialion wisli to bring before the public of Canterbury' the groat 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 fiirtheroncc 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 groat con(idence in bringing this Association before the public, as similar co-operative institutions have been most successful iu 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 lates in chartered ships, allowing Shareholders advances on the produce so shipped or deposited with the fj unpany for shipment or sale at the lowest rates. This the Promoters think will he of the greatest advantage, as the 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 has been so often the ease, especially last season, of being forced to sell in ibis country at most ruinous price's, and far below the value in other markets. Also groat bon -lit will be found in that the Association will procure eornsai'ks, woolpaeks, agricultural implements, seeds, and all articles of consumption at (he lowest cost, (hat are useful to its shareholders. By these means great saving will he ell Acted, as the dilVeivnce 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 are aware, of. The Association will undertake any business and make all arrangements (hat 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 oilier securities as they' may' think fit. The benefits derivable from the Association will bo sirictly 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 bo divided amongst all the Shareholders pro rata according to the amount of business done by r 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 tlic general meeting of Shareholders fixed for the appointment of Directors and the settlement of tlic Articles of Association. Forms of application for shares and any information may be bad at tlic Olliecs of the National Bank, Timaru, and its brandies, any of the. Directors, Mr Roger Kilt, of Waimate; and Mr Corbett, of Geraldine. Intending applicants can peruse the proposed Articles of Memorandum of Association at cither the National Bank Olliecs, Timaru ; or at the ollices of A. St. G. Hamcrsley, Solicitor, Great North road, Tini irn. John Buckle, Esq., will, before the meet ing, to ho held on tlic 27th November, LSSO, 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. (*1 A AAA T 0 f J ND, in sums JLUf l/Ul / of £2OO and upwards on approved security. AUSTIN A WEBB, Solicitors, Timiru TEA 2s TEA. CON C 1! ET I! ST 0 R E. Ei.izaisetii tt.eet. Ta IHE 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 seeming remarkable value for the money. Country' orders will be forwarded at once on remittance of P. 0.0. or cheque. J. CLAYTON A CO.