BONDS FOR SHEEP-FARMERS.
At present tho sheep-farmer receives about eightpence per pound for tweod wool, whilst he is compelled to pay as much as five hundred .nenoo per pound for tlifl cloth in his suit. Why this hugs discrepancy? _ , , Already thousands of New Zenlanders, particularly farmers, realise tho benefits of c<i-operation in reducing tho cost of living, and the Now Zealand Cooperative Woollen Mills. Limited, is go--111" to increase the yearly returns of tho wool producer, whilo cutting down his outlay on tho price of finished woollen clothing. This much-nfiooed tievr co-operntivo offers' 500.0(10 shares at XI each. Shareholders will bo entitles! to supply the mill with a percentage of tho wool renuired. and will he "aid at. the ruling market price. The dividends to be paid are limited to 61 ncr cent, on preference share", nnd 8 per tent, on ordinary shares. This will enable the co-onerative to pay the wool producer bonuses on wool supplied. ■ It is of utmost importance that every wool producer in (he Dominion should bnpomo familiar with tlio objects of the New Zealand Cooperative Woollen MilK Limited. Cet the prospectus and nnnlicnHon form from any branch of tho Bank of New Zealand. or. from the Secretary of the companv. 12 Kings Chambers. Commerce Street. Auckland.—.Advt.
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Dominion, Volume 14, Issue 68, 14 December 1920, Page 10
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211BONDS FOR SHEEP-FARMERS. Dominion, Volume 14, Issue 68, 14 December 1920, Page 10
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