Page 1 Advertisements Column 7

South Canterbury Times, Issue 2404, 30 November 1880, Page 1

JPuljlie IVoticess. Prospectus of the Canterbury FARMERS’ CO-OPERATIVE ASSOCIATION (LIMITED). Cai'ital .. .. £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 beimr made. Provisional Directors; W. 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. Hamersley, 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 furtherence 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 dbjeefs 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 market* 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 witli the Company fur shipment or sale at the lowest rates. This the Promoters think will be of the greatest advantage, as the rates usually cha r ged 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 case, especially last season, of being foi red 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 cornsacks, woolpacks, agricultural implements, seeds, and all articles of consumption at the lowest cost, that are useful to its shareholders. By these means great saving will be effected, ay 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 are aware of. The Association will undertake any business and make all arrangements that may be necessary with other firms 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 they 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 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, 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 applicafio.i for shares and any information may be had at the Offices of the National Bank, Timaru, and its branches, 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 Hank Offices. Timaru ; or at the offices of A, St. G. Hamersley, Solicitor, Great North road, Timaru. John Buckle, Esq., will, before the meet" ing, 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, Ac, Ac, of the Association. MONEY. A A A TO LEND, in sums ot JLUf 1/U vof £2OO and upwards) on approved security. AUSTIN A- WEBB, Solicitors, Timaru TEA 2s TEA. CONOIIE T E STO RE. EI.IZAIiETII ' TRKET. T a 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 ns 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.