Page 4 Advertisements Column 3

South Canterbury Times, Issue 2653, 21 September 1881, Page 4

3?iiblic Notices, PROSPECTUS OF THE South Canterbury BUILDING AND INVESTMENT COMPANY (Limited). Incorporated under the Joint Stock Acts. Capital, £IOO,OOO, in Shares of £lO each; 5s per Share to be paid on application, I 5s on allotment, and Calls of 2s 6d to be made at intervals of not less than three months. It is not intended to call up more than £1 per Share. Directors, Mr E. G. Kerr Mr B. Woollcombe Mr H. Cain Mr D. Gedye Mr W. Evans Mr W. Moody Mr Geo. Stumbles. Bankers. Union Bank of Australia (Limited). Auditors. Mr James Granger Mr E. H. Tate. Manager. Mr W. Eiesler. Valuator, i Mr James Granger. This Company has been formed to meet a long-felt want in the district of an institution occupying a wider sphere than that j filled by existing Building Societies. 1 The intention of the Company is to carry on business on Building Society principles, to receive deposits at current rates of interest, to make advances on approved landed securities for fixed terms, to provide for the conversion of any of its Building Society loans into fixed loans, paying interest quarterly or half-yearly, or the reconversion of such fixed into progressive loans, and also to advance upon the security of the paid-up amounts of Shares subscribed under the Building Society Section. The profits of the Company will be allocated in such a ratio as to adjust fairly the claims of the two classes of investors— Capital and Subscription Shareholders. In regard to the subscription shares under the monthly-payment system, these may, on attaining the value of £lO each, be converted into fully paid-up capital shares of the Company, or paid out in cash at the option of the holder. The Directors do not consider it will be necessary to call up more than £1 per share on capital shares, as they deem it more advisable to borrow on deposit or debenture, should it be found, in the course of time, that the business of the Company warrants the use of increased capital, The Books of the Company will be audited quarterly. The distinguishing features of the Company’s operations having thus been laid before the public, the Directors, in placing the share list on the market, do not consider it necessary to add any recommendation further than simply referring to the benefits which such an institution must confer on the district, having its funds all invested locally, its support from local capital, and its operations superintended by local directors, The Share List will close on 30th September. Applications for shares to be made to the undersigned. UNION BANK OP AUSTRALIA, Timaru ; Or, W. MOODY, Interim-Secretary, Timaru Branch DUNEDIN CO-OPERATIVE STORES. | . IMPORT AND WHOLESALE WAREHOUSE; ! Stafford Street, Dunedin. BRANCHES: No. 1. THAMES STREET,|OAMARU. | No. 2. MAIN NORTH ROAD, TIMARU. I No 3. SHEARMAN STREET, WAIMATE * N 0.4. GEORGE STREET, DUNEDIN. Purchasers can rely upon getting Superlative Value for their money, our MOTTO being QUALITY AND QUANTITY. J.PULLARTON, Manager, Timaru Branch. "Venetian Blinds VENETIAN BLINDS At Moderate Prices. PATTERSON, BURKE AND CO., Maclaggan Street, Dunedin, and Church Street, Timaru, TIMARU PAWN HBLLiS OFFICE, ¥ NEXT COLLINS’ AUCTION ROOM, Main South Road. I® Salek and Co., Licensed Pawnbrokers. Money advanced, from 2s 6d to £SOO, on Jewellery, Clothing, and every description of Property. IS” Business strictly Private and Confidential. Private Entrance from passage leading to Collins’ Auction Room. I. SALEK AND CO., Licensed Pawnbrokers. FRUITERER, CONFECTIONER, AND GREENGROCER, Next to Cowan and Foster's, Main South Road. Edward .Mitchell (Late George Cliff). None but the Choicest Selection of Fruit and Vegetables kept. Fresh Supplies daily. Tea, Coffee, and Refreshment Rooms, Pastry. All orders punctually attended to and delivered at any residence in town. AUSTRALIAN GRAIN AND PRODUCE WAREHOUSES, 82, Bourke Street West, Melbourne. "cGREGOR GORDON & CO., Grain and Produce Merchants and General Auctioneers, Make advances upon Grain and Grass Seeds consigned to them for sale.