Page 3 Advertisements Column 1

Otago Witness, Issue 972, 5 September 1889, Page 3

Public Notices. 1 11 1 ii ■ 1 1 1 .1, 1 PROSPKOTUS OF THE 00-OPBRAriVB LAND 3STTLBMBHI OOfil. e&.BZ (LIMITKD;. Registered aader " Tbe Oompaaies &at 1882." OkeilkL ... ... ... £20,000, (a 20.000 Shares of £1 E&cb, Payable at follow? — v per Stiarc on Appiloation. Jd oo allotment, mi tbe balance in moathly jails of 3d. Provision *t DiHßcroßa. iIK ROBRRT STOUT. Dunedln. Barrt«t«r WILLIAM THOMPSON, Dunedin Gentleman WILLIAM MOUAT BOLT, Dunedin, Storeman JAMBS WRIGHT, Broomland». Mosgiel, Farmer WILLIAM JOHN BIRCH, Dunedin, Dairyman JOHN SMALLKY POLE, Albany street, Carpenter, Bankers. NATIONAL BANK OP NEW ZBALAND. S0UCITOB8? Ueeirs STOUI & MONDY. SBCRKTARY t BDWIH SHBLLBX MAHIZ. Obtiob* Stout k Mokd?'s Buildings. 123 FRnross STRKBT. Dvvsdvx. The leading objaota of thfe Company are !— 1. To acquire Land suitable tot Dairy, Farming, and Grazing purposes. 2. To enable farraero with omal! means to become owners of their Allotment* by easy payments. 3. To place at bhe service of the settlers the most approved machinery for developing the resources of the soil at a minimum charge. 4. To find a profitable market for the various products of the settlers. To secure these objects it is essential that Labour and Capital should combine in a well-directed cooperative movement, whioh shall supply the former -with the means of which it stands sorely in need, and yield to the latter a fair return for its investment. To 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 whioh tho profits are adequate for such purpose; tint as tt desirable that men of moderate means shall constitute the backbone of the Company, no pnrs«a will be allowed to take up more than SUO share*. The unnifc reason nlso appliet to Settlers. As 200 aoros of laun Is the utmost limit that a settler can hold, tho small farmer or iruitgrower will have no fear that he will be thrust aside by some wealthy competitor. The promoters of this Company, while making no pretentions to pose ns philanthropists,' are alive to the fact that the most fertile portions of Hew Zealand soil which are yet held by the State are rapidly diminishing in extent, to the almost complete exclusion oi tho man with small capital ;_and it is with the view of assisting this desirable colonist tho present company is projected. The Director* do uot antioipata much dlffiouHy Jn obtaining from the Government or private sources lands. As they wish to avail themselves of the favourable conditions afforded by the Special Settlement Provisions ot the " Land Act^ !8»5," a petition Has been presented to the Housn of Representatives ; by Dr Pitchett. praying that these prnvisiouß may | he given effect to. and correspondence Is now passing between the Government and tbe Company on this subject. Should the Government comply with the Directors' wish, the great bulk of the Company's capital may he speedily utilised by plaolng praotioal settlors upon the land, and supplying them with the necessary requirements to give them a favourable start. As bo Co-operative movement can be regarded as successtul that is not financially sound, the originators of tliia Company are determined that its management and werking expenses shall be conducted upon a scaie 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 1b disposed of to the best advantage. The acceptance of the Company by the'puiblio has been most gratifying. At the preliminary meeting held in Dunedin. under the presidency of Sir Hoberfc Stout, its prinoiples;were endorsed with-entausiasm. and applications for above 2800 shares were handed in At a subsequent meeting, convened at Port Chalmers, the Mayor presiding .^application* for *00 shares more were received, and an auxiliary committee 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 shovr» how wide is the field for a company of this special character, and how great is the desire of the community— especially the agricultural seotion— to accelerate its progress. The comments of the Fresi 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 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 ita departure in the right direction, and wish It every success." " With these potent aids In the Company s favour, the Directors will strive their utmost to justify the golden opinions wuicb. have been formed respecting it. The prospectus, with forms of application, can be had from the Company's Bankets, Solicitors, and Directors, and from the Secretary, at the Company's Office, 123 Princes street, Dunedin, by all of whom applications for shares will be received. The Memorandum and Articles of Aieooiation may be Inspected at the Company's Osoe. An£«B!iße,Wß9. m *