Prospectus. Prospectus OF THE ASHBURTON CHEESE AND BUTTER FACTORY COMPANY (LIMITED). Capital : £5,000, in 1,000 shares of £5 each, payable as follows:—ss per share on application, 5s on allotment, and the balance in calls of not more than 10s per share at any one time. No call to be made under an interval of three months from the previous one being made. It is not proposed to call up more than £2 per share at present. Provisional Directors—Messrs E. G. Wright, Hugo Friedlander, John Orr, Matthew Stitt, Andrew Dawson, John Chalmers, Joseph Hunt. J. E. Trevor, D. Oliver, John Carter, J. W. Silcock, Thomas Bullock, C. P. Cox, Joseph Clark, George Jameson, Frederick Pavitt, Andrew Leatham, David Wilson, Francis T. Mayo, T- R- Hodder Isaac Sargeant, E. Corbett. Bankers-—Bank of New Zealand. Solicitors—Branson and Purnell. Interim Treasurer—John Orr. Interim Secretary—Stephen E. Poyntz. The promoters of this Prospectus, in introducing it to the public, wish to draw attention to the benefit to be derived from the establishment in the County of Ashburton of Cheese and Butter Factories.
(1) By the factory system the cost of manufacturing would be considerably lessened, and the consequent profit arising therefrom give a greater return to all interested, and by reason of the uniformity obtainable, a greater demand also for the manufactured article, at an increased value, would be the result. (2) Farmers, by selling their milk to the Company, will receive payment in cash, and consequently be in a position to purchase their goods at the store on a cash basis, which will not only be advantageous to themselves, but will also | materially assist to place trade generally throughout the County on a sounder footing, and will likewise find an outlet for the butter and cheese made, which at present farmers and storekeepers have a great difficulty in doing. (3) It would be the means of opening up a steady paying market for the produce which at present —during some portion of the year—will barely meet working expenses, and ships now being fitted with refrigerating apparatus, combined with the prospect of direct steam communication at an early date with the Old Country, warrants the promoters in anticipating and offering such an outlet. All further information desired can be obtained from the Secretary or any of the Directors. Application forms for shares will be issued in a few days. S. E. POYNTZ, 958 c - Interim Secretary.
Public Companies. -vrORTH BRITISH AND MEROANTILE INSURANCE COMPANY, Established 1809. Subscribed Capital Fiye Fund Life Fund Premiums for 1880 £2,000,000 1,201,243 3,380,107 951,173 Ashbtjbton Agency; POYNTZ/AND 0 0., East sxkbbi. W4o
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Page 4 Advertisements Column 2, Ashburton Guardian, Volume III, Issue 495, 18 November 1881
Page 4 Advertisements Column 2 Ashburton Guardian, Volume III, Issue 495, 18 November 1881
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