Page 2 Advertisements Column 1

Feilding Star, Volume XIII, Issue 11, 25 July 1891, Page 2

■M^O&EyTUb of Tin* WEST Co^oi : JPAR-ilfiiiS 1 <CO - OPERATIVE 0 7 : ASSOCIATION {Limited) To be' incorporated under; the provisions oi '• The Companies Aci. 1882." 'Capital-— i;2pO,ouo. in 40.U00 shares of £5 each, with power Lo increase. E^JJi^Hi 'issue OOs 20,"00f s 20,"00 shares are of - * fercdf'for subscri| tion, in resuect ot winch it is> oiih proposed to call up 25s ; pt^r >hure, payable as follows, viz.: 5;» <»Vi.uppiicauon, os ou allotment, unJ ihe ' biilaaVe .up :.-to 2J6s> j-tr share in calls ol 5s \ier share, to bt- uioue at intervals of not It-s-. lluiii .Jhree months 'Ihe balance of •■-75* pi'-i' fchare will remain as a reserve of .ywriiml lert capital It is not proposed to i/'ifisler 'he Association until al leaat .•#!_> lD., shares are subscribe i for. In al* , iittin<i' Shares regard will be had to : priority ot application. Jeimpprary office : Wanganui. PitOyiSIONAL HIBKCTOBS : Wiinganui.— Hon. John Bryce, Messrs T, Hiitfie/ft. E. Fletcher, H. N. Harris • n,.Alexr. Hiagie. VV'ayerley —Messrs W. Wilson, G. Death, James Aitken, Waller Synies, Duncan Macdonald. Marlon aud Bulls. — Mess s John W. Marshall, Donald tfraser, Geoffrey Potts, : David Scott, John McKoivie, John T. 'Dalrymple, A Cruickshank, W. A, Keiller, Arthur Amon, James Howard. Jauies " O. Lilly, Alfred iios* t Dr Skerman Feilding and Haicouibe. — Major F. Moore, Messrs Al ert H. Finnis, Jharles FuzHerbert, H- L. Sherwill, Lewis S Browne. Waiter Johnflone, W. A L. Jiaiiey, John Pollock, William Mills, Owen Pleasants, H Jacobs, J. R John stone. Alex. Bell, D. (i. iiiddiford, Jiobert Linton. Palmerston North. — Messrs William Coombs, John Colter, iiiukard O h. Carey, Peter Stewart, G. Kenngton Jones, A. Jiussell, iidftaid John Arm* strong. Sandon and Carnarvon. — Messrs J. A Bailey, James Bull, Jiobert B. McKenzie, Alex. McDonell, Tom McKenzie, B. S. Penny, Henry Hammond. Duncan L>. McKenzie. Banters: The ' Bank of New South Wales boiicuor : Mr T. U. Cash, High street, Marti n. "Mansigei : To be appointed after first meeting of shareholders. - Secretary: l&ro tern) Mr Walter Sinail, Wanganui. 'Broker: Mr John Stevens, Bulls. SEASONS FOR FORMATION OF THE ASSOCIATION. 1. — The obvious necessity that farmers f and all other producers, resident on the w eas Coast of the North Island of New Zealand, should be able to dispose of their wool, frozen meat, grain, dairy produce, Oax, fruit, and any other products at greatly reduced rates of commission, and b» able to purchase all farm and station requirements at cost price, less actual ex- . penses. . 2. — The- successful results achieved by Co-Operative Associations in other countries and in other parts of New Zealr-nd — notably, "by the Farmers' Co -Operative Associations in Canterbury. ' OBJECTS OF THE ASSOCIATION. The Association is established for the purpose of carrying on the business of a C<> Operative Association in all its branches, including the direct importation aud supply of farm aud other station requisites, and the Memorandum and Articles of Association will enable the Association. — I.— To purchase, lease, exchange, hire, or otherwise acquire and construct any larid, buildings, warehouses, for the storage of wool, gram, and produce of 87ery description, sale yards, railway suhtigs, machinery, all necessary plant, . 3'i>ck m-trade, merchandise, and all . such other real and property as > by the directors for the time being shall be deemed necessary or convenient foe carrying oh the business of the As- . ,<sociation. VSf 2. — To sell either by public auction or t>y private contract, live stock of every 1 description, all farm and station products and requisites, implements, machinery, chattels, and effects of all kinds, upon < auch terms and conditions as the directors • may from time to time appoint. 3. — To afford facilities to the share- j holders and constituents of the Associat ion ■ for, or to undertake for them the shipment of their produce to the various markets' 'of the world, and to appoint agents in Great Britain, the other colonies, and foreign countries for the fur therance of this object. 4. — To make advances to the members . of the. Association or any other person or persons upon real and personal securities, as may from time to time be approved of by the directors, and to receive money on deposit at interest or otherwise. s.— To sell, exchange, improve, manage, lease, mortgage, dispose of, or other•wise deal with all or any part of the property of the Association. ADVANTAGES op the ASSOCIATION To secure to the farmers, graziers, and producers of the West Coast, by cooperation, the benefits of interchange, which have hitherto gone to the agents or distributors alone. By adopting the principle of co operation in the formation of the Association, farmers, glaziers, flaxmillera, and all other producers, who are shareholders and constituents, may sell their products and buy what farm and station requisites they severally require in the most favourable maikets, and at the same time share m the profirs of the Association, which, after javrneiit of all expenses, will be long to and be distributed amongst the shareholders. The v ssociation will collect and supply to shareholders agricultural and other statistics, prompt, disinterested, and re.liable information as to the state of and a^- vantages offered by the various markets throughout ihe world. The Association will seek <o ally ii self with, other kindred institution*, -md so by sharing the costs of agency in British and foreign market s, reduce such costs, w-i'ii isicren in corivspo ldin^hy the ad vantages to >ti;tieli Iders The profits of the Association, after payment to the shareholders of a dividend not exceeding st-ven and a half per cent, per innura, and after making provision for writing off so much of the assets of the Association as may be deemed advisable and providing for a reserve fund, will be divided amongst the shareholders, according to the amount of business done by each with the Association, or according to any other system of diyison as may from time to time be approved of by a mnjonty of shareholders at a general meeting of the A«sociat on. The annual reports of other similar Associations show the satisfactory financial results which m«y be cfctmned by such en •- ■••rises, and indme. the belief in the minis of the promoters that equally satisfac rj refill's may be achieved in this an «>f th • colony, and while offenn* i snfe nvstment tor capital that, the Wesi i oa<t Farmers' Co-operative Association may become, not only a souroe of profit lo its *hareholders and constituents, but also a great anH permanent benefit to the farmers. ',-Wiers, ■■anil producers of the West Ojisafc generally '^ ' .■'■ ; JO'-JN-STEVENS, BBOKEBj Br/LLS.