Page 3 Advertisements Column 2

Otago Witness, Issue 1974, 19 September 1889, Page 3

Public Notices. PROSPECTUS OFTHB GO-OPBBA'HVE LAND SETTLEMENT COMPAMY (LIMITBD). Begletered under " The Companies Act 1882." CAPITAL ... .. ... £20.000, In 20,000 Shares of £1 Each, Payable &a follows :— ls per Share on application, 6d on allotment, and the balance in monthly oalla , °f 3d. . , — -- — ■ m® - ■ Pkovisiouai. Dibhctoes i? Bib EOBEHT STOUT, Dunedln, Barrister; WILLIAM THOMPSON, Duneain, Gentleman' ~ WILLIAM MOUAT BOLT, Dunedin, Storeman % JAMES WRIGHT, Broomiands; Mongiel, Farmer] WILLIAM JOHN BIHOH, Dunedln, Dairyman JOHNSMALLIsY POLE, Albany street, Carpenter, Bankers: NATIONAL BANK OP NEW ZEALAND. Solicitors: Mesoru STOUT & MONDY. Secretary • EDWIN SHELLEX'MANTZ. Office: Stout & Mondy'B BuzLrajras, 123 Pkhjobs stbeet. DUNBDItf. The leading objects of this Company are : — 1. To acquire Land suitable for Dairy, Farming, and Grazing purposes. 3. To enable farmers with small means to become owners of their allotmenta by easy payments 3. To place ab the service of the settlers the most approved machinery for developing the resources of the Boil ab 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-direct- d cooperative movement, which shall supply the former with the meaiis 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 bis 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 profits are adequate for such purpose; but as it desirable that, men of moderate means shall constitute the backbone of the Company, no perasn will be allowed to take up more than 500 shares. The same reason also applies to Settlers. As 200 acres of land is the utmost limit that a settler can hold, the small farmer or fruitgrower will have no fear that he will be thrust aside by some wealthy competitor. The promoters of this Company, -vfhile 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 ext?nt, to the almost complete exclusion of the man with small capital ; and it is with the view of assisting this desirable colonist the present company is projected. Th« Directors do not anticipate much 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 tbe 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 Go-operative movement can be regarded as successful that is not financially Bound, 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 bo 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 best advantage. The acceptance of the Company by the public has been most gratifying. At the preliminary meeting held in Dunedin, under the presidency of Sir Robert Stout, its principles. were endorsed with enthusiasm, and applications for above 2800 shares were handed iv. At a subsequent meeting, convened at Port Chalmers, the Mayor presiding, applications for 400 shareß more were received, and an auxiliary committee formed to represent the Company in that district. Up to date nearly 4000 Bhares have been applied for, many of the applicants being small farmers. This fact alone shows 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 Press have likewise been moat 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 I abour, which forms the basis of it ; " and an able writer in the Evening Star says :— " The Land Co-operative Scheme has everything to recommend it, and every friend of New Zealand will consider it a departure in the right direction, and wish it every | success." With these potent nids in the Company s I favour, the Directors will strive their utmost to justify the golden opinions which have been formed respecting it. The prospectus, with forms of application, can be had from the Company's Bankers, Solicitors, and Directors, ard from the Secretary, at the Company's I Office, 123 Princes street, Dunedin, by all of whom applications for shares will be received. The Memorandum and Articles of Association may be inspected at the Company's Office. August 26, 1889. 29au GISBORNE HARBOUR BOARD. IMPORTANT NOTICE To CAPITALISTS, INVESTORS, AND SYNDICATES. TO BE LEASED BY PUBLIC TENDER, At GISBORNE, TENDERS RECEIVED UP TILL Ist DECEMBER 1889. At Noon, The Tauwliareparae Block (Government Endowment to the Gisborne Harbour Board), Containing 44,150 Acres, FOR A TERM OF 30 YEARS. The Property will be Laased in Two Blocks of about 22,000 Acres each. The Tauwhareparae Block is situated about 55 miles ndrth^f Gisborne, New Zealand, its eastern boundary being about seven miles in a straight line from the coast, and lying due west of Anaura Bay. The Land is about half bush and half fern. There is sufficient timber on the block for building and fencing. The Property is well watered By numerous rivers and streams. The soil for the most part is first-class. The line of railway examined and reported on by the Government Inspecting Engineer passes through the Property. Title— Land Transfer. Plans and further particulars may be obtained from the GISSORNE HARBOUR BOARD. JOHN BOURKE, «. , Secretary. Gißborne, N.Z., 7th May 1889. 23my MOET and OHANDON'S Dry Imperial Champagne. 1884 vintage.