Page 3 Advertisements Column 3

Otago Daily Times, Issue 8597, 12 September 1889, Page 3

mo MEDICAL MEN. TENDERS Invited for the position of MEDICAL OFFICER to the " Ivanlioe Lodge," No. 113, U.A.O.D. Tenders to bo aont to tlie undersigned on of before MONDAY, the 23rd inst. WILLIAM STRONAOH, 1U Grange street. /CEMENT. MAORI BRAND. Our Cement Is equal to best imported. Certificates of Tenßile and Quality given if required. . LIMB. Beßt Burnt Mllbura Lime at Loweßt Rates. Orders promptly attended to. Address-MILBURN LIMB and CEMENT COMPANY (LIMITED). 31au PRANK OAKDEN, Manager. Prospectus issii c tv i OF THE CO-OPERATIVE LAND SETTLEMENT COMPANY (LIMITED). Registered under " The Companies Act 1882." CAPITAL £20.000, In 20,000 Shares of £1 Each, Payable as follows:—Is per Share on application, 6d on allotment, and the balance in monthly calls of 3d. • Provisional Dirkctobs : Sin ROBERT STOUT, Dunedln, Barrister WILLIAM THOMPSON, Dunedin, Gentleman WILLIAM MOUAT BOLT, Dunedin, Storeman JAMES WRIGHT, Broomlanda, Mosglel, Farmer WILLIAM JOHN BIRCH, Dunedin, Dairyman JOHN SMALLISY POLE, Albany street, Carpenter, Bankers : NATIONAL BANK OP NEW ZEALAND. Solicitors : Messrs STOUT & MONDY. Secretary: EDWIN SHELLEY MANTZ. OfHCK: Stoitt & Mondy's Buildings, 123 Pbinoss btbbbt. DUNEDIK. The leading objects of tnls Company are :— 1. To acquire Land suitable for Dairy, Farming, and Grazing purposes. 2. To enable farmers with small means to become owners of their allotments by easy payments. 3. To place at the service of the settlers the most approved machinery for developing the resources of the soil at a minimum charge. i. To find a profitable market for the variouß products of the Bettlers. To secure these objects it is essential that Labour and Capital should combine in a well-directed cooperative movement, which shall supply the former "with the means of which it stands sorely in need, and yield to the latter a fair return for its investTo satisfy the Capitalist it is stipulated that his investments, after ten shillings per share shall have been paid up, shall bear an interest of 7 per cent, during each year in which the profitß are adequate for Buch purpose; but as it desirable that men of moderate means shall constitute the baokbone of the Company, no perscn will be allowed to take up more than 500 shares. The same reason also applies to Settlers. As 200 acres of laad is the utmost limit that a Bettler can hold, the small farmer or fruitgrower will have no fear that he will be thrußt aside by some wealthy competitor. The promoters of this Company, while making no pretentions to pose as philanthropists, are alive to the fact that the most fertile portions of New Zealand soil which are yet held by the State are rapidly diminishing in extent, to the almost complete exclusion of the man with email capital; and it is with the view of assisting this desirable colonist the present company ie projected. The Directors do not anticipate rauoh difficulty in obtaining from the Government or private sources lands. As they wish to avail themselves of the favourable conditions afforded by the Special Settlement Provisions of the " Land Act 1885," a petition has been presented to the House of Representatives by Dr Fitchett, praying that these provisions may be given effect to, and correspondence is now passing between the Government and the Company on this subject. Should the Government comply with the Directors' wish, the great bulk of the Company's capital may be speedily utilised by placing practical settlers upon the land.'and supplying them with the necessary requirements to give them a favourable start. As no Co-operative movement can be regarded as successful that is not financially sound, the originators of this Company are determined that its management and working expenses shall be conducted upon a scale of most rigid economy. The first consideration of the Directors will be to establish the settler upon the soil, surrounded by all the social conditions of village life; to provide him with every facility for turning his labour to a profitable account; and to see that his produce is disposed of to the beot advantage. The acceptance of the Company by the public has been most gratifying. At the preliminary meeting held in Dunediu, under the presidency of Sir Robert Stout, its principles were endorsed with enthusiasm, and applications for above 2600 shares were handed in. At a subsequent meeting, convened at Port Chalmers, the Mayor presiding, applications for 400 shares more were received, and an auxiliary com- • mittee formed to represent the Company in that district. Up to date nearly 4000 shares have been applied for, many of the applicants being small farmers. • This fact alone Bhows how wide is the field for a company of this special character, and how great Is ' the deßire of the community—especially the agricultural section —to accelerate its progress. The comments of the Press have likewise been most encouraging. The Otago Daily Times alludes to the scheme as " worthy of consideration for the sake of the principle of co-operation between Capital ) and Labour, which forms the basis of it;" and an r able writer in the Evening Star says:—" The Land , Co-operative Scheme has everything to recommend i it, and every friend of New Zealand will consider it a - departure in the right direction, and .wish it every Biiccess." With these potent aids inthe Company's favour, the Directors will strive their utmost to 1 justify the golden opinions which have been formed l respecting it. , The prospectus, with forms of application, can be b had from the Company's Bankers, Solicitors, and Directors, and from the Secretary, at the Company's Office, 123 Princes street, Dunedin, by all of whom applications for Bhares will be received. The Memorandum and Articles oi Association may be inspected at the Company's Office. b August 26,1889. 29an

above is the only one to which the Company is t party, or to which any person on behalf of the Com paiiy is a party, applicants shall be deemed to waivi the publication in accordance with Bection 23 o " The Companies Act 1882,"of particulars as to sucl contracts. The Vendor only receives in cash £312 10b, and wu pay the cost uf Boating, including reports, pro spectuses. brokerage, etc. The Company will pa; the expenses of and incidental to the framing am registering of the Memorandum and Articles o Association (which have been already prepared, am may be inspected at the office of Kdward A. Joel solicitor, Bond street, Dunedin). The Bhare list will close so soon as the requlsit number of applications shall have been received Shares will be allotted (as near m may be) in tin order of application. As 5000 shares are already bespoke, immediate re qulsition is necessary. No application for leas than 100 shares will be re ceived by the Brokerß of the Company. Any further particulars may be obtained from th( Brokers of the Company (Messra J. A. Chapman and Leslie A. Norman), from whom also copies of tht Prospectus can be secured. EXTRACTS FROM ItBPORT BX L. O. BBAL, Esq.. 0.X., M.E. " I tested the quality of the wash in a great many places by panning it off in a prospecting dish, and found the quantity of gold in the same extremely regular, and for dredging purposes I have not the slightest hesitation in pronouncing it exceptionally well payable and easily wrought. " I kept some of the gold obtained, which, in my opinion, was a very fair average yield from the ground, and had the gold oareiully weighed, and after calculating the contents of a prospecting dish, found that the wash contained lagr of gold to each cubic yard. '• An exceptional advantage in working this olaim is the fact that theru is no stripping necessary before the dredge buckets commence lifting the washdirt, and I am sure the first day's dredging will fully prove this fact, and stamp the claim as a thoroughly payable one, and that the returnß will be exceptionally good and regular. •' Tlw total quantity lifted per day will amount to fully 1000 cubic yards, so that about ljgr per cubic yard will more than pay working expenses. " While in the district recently I had a large quantity of wash put through a box. The return was at the ra! Eof lSgr per cubic yard. This has fully satisfied me that my estimated yield of 12gr per cubic yard is thoroughly moderate and reliable. " The class of gold obtained in the wash on this claim is very bright and clean, and not too fine, and will be very easily saved and amalgamated. I " Summing up generally, I consider this olaim an exceptionally good one, and very convenient for working, and as a dredging claim equal to the beat on the Shotover river, and will, I am certain, pay unusually well, and will last for many years, bringing iv a large return on all money invested in developing itb resources. " Finally, I must Bay that I do not know a piece of dredging ground that I should place more confidence iv in the Wakatipu district, or should bave more pleasure in superintending the management of'