Page 5 Advertisements Column 3

Feilding Star, Volume XIII, Issue 13, 30 July 1891, Page 5

PKOSPECTTJS or ; the WEST COAST FAEMEBS' CO - OPEEATIVE ASSOCIATION (Limited) Fo be incorporated under the provisions of " The Companies Act, 1882." Capital— £2oo,ooo, in 40.000 shares of £5 eacli. with power to increase. FIE3T issue of 20,0 0 shares arp offered for subscrii tion. in resyect of which it is only proponed to call up 25s per share, payable as follows, v\z : -5* on application, 5s on allotment, nnd the balance up to 25s per share in calls of 5s per share, to be m.ide at intervals of no: less than three months. The balance of 75s per share will remain as a reserve of uncalled capital It is not proposed to register the Association until at lea*t 40nO shares are subscribe:; for. la al- j lotting shares regard will be had to priority ot applicaton. Temporary office : Wanganu"i. Provisional L»irectobs : Wnnganui. — Hon. John Bryce, Messrs T, Higeie. E." E. Fletcher, H. N. Harrison, Alexr. Hiagie. Wayerley — Messrs W. Wilson, G. ! Death, James Ailken, Walter Symes, Duncan Macdooald. Marlon and Bulls.- — Messrs John W. Marshall, Donald Fraser, Geoffrey Potts, David Scott, John McKelvie, John T. Dalrvmple, A Cruickshank, W, A, Keiller. Arthur Amon, James Howard, James O Lilly, Alfred Eoss. Feilding and Halcombe. — Major F. Moore, Messrs Albert H. Finnis, Charles FitzHerbert, H. L. Sherwill, Lewis S. Browne, Walter Johnstone, W. A. L. Bailey, John Pollock, William Mills, Owen Pleasants, H Jacobs, J. B John stone, Alex. Bell, D. G. Eiddiford, Eobert Linton. Palmerston North.— Messrs William Coombs, John Cotter, Eickard O K. Carey, Peter Stewart, G. Eevmgton Jones, A. Eussell, .Edward John Arm» string. Sandon and Carnarvon. — Messrs J. A. Bailey, James Bull, Eobert B. McKenzie. Alex. MeDonell, Tom McKenzie, B. S. Penny, Henry Hammond. Duncan I). .VJ cKeozie. Bankers : The Bank of New South Wales Solicitor : Mr T. E. Cash, High street, Martin. Maaagei : To be appointed after first meeting of shareholders. Secretary: (pro, tern) Mr Walter Smail, Wanganui. Broker: Mr John Stevens, Bulls. EEASONS FOR FORMATION OF THE ASSOCIATION. 1. — The obvious necessity that farmers and all other producers, resident on the West Coast of the North Island of New Zealand, should be able to dispose of their wool, frozen meat, grain, dairy produce, flax, fruit, and any other products at greatly reduced rates of commission, and be able to purchase all farm and station requirements at cost price, less actual expenses. 2. — The successful results aohieyed by C3-Operative Associations in other countries and in other parts of New Zealand — 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 Co- Operative Association in all its branches, including the direct importation and supply of farm and .other station requisites, and the Memorandum and Articles of Association will enable the Association. — 1. — To purchase, lease, exchange, hire, or otherwise acquire and construct any land, buildings, warehouses, for the storage of wool, grain, and produce of eyery description, sale yards, railway sidings, machinery, all necessary plaut, stock in- trade, merchandise, and all such other real and property as by the directors for the time being shall be deemed necessary or conveuient for carrying on the business of the Association. 2. — To sell either by public auction or by private contract, live stock of every description, all farm and station products and requisites, implements, machinery, chattels, and effects of all kinds, upon such terms aud conditions as the directors may from time to time appoint. 3. — To afford facilities to the shareholders and constituents of the Association 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, aud 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 maj from time to time be approved of by the directors, and to receive money on deposit at interest or otherwise. 5. — To sell, exchange, improve, manage, leaße, mortgage, dispose of, or otherwise deal with all or any part of the property of the Association. ADVANTAGES op the ASSOCIATION To secure to the farmers, glaziers, aDd 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, graziers, flaxmillers, and all other producers, who are shareholders and constituents, may sell their products and buy what farm and station requisites they severally require m the most favourable markets, and at the same time share in the profits of the Association, which, after payment of all expenpes. will be long to and be distributed amongst the shareholders. The Association will collect and supply to shareholders agricultural aud other statistics, prompt, disinterested, and res liable information as to the state of and advantages offered by the various markets throughout the world. The Association will seek to ally itself with other kindred institutions, nnd so by sharing the posts of ajjency in British and foreign markets, reduce such costs, while increasing correspondingly the ad vantages to shareh- lders. The profits of the Association, after payment to the shareholders of a dividend not exceeding seven and a half per cent, per nnum, and after making prov sion 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 As--ociaiion, or according to any other system of diyisou as may from time to :ime be approved of by a majority of shareholders at a general meeting of the Association.. The annual reports of other similar Vs.soci.Miioiis shun- ihe sutisfucioiy financial results nhich may be attained by such enterprises, and induces the belief in the minds ol the nroiuuttTS that equally satisfactory results may be achieved in this mi i.f .he co'nn\ , and while ofrVi'inji a safe investment tor capital that, the Wesi i oa-.t Fanner*' Cooperative Association iimy beeume. not only a source of profit !o its holders and cnstilU'Tus tint mlm> h gieai .-in^l permanent «»ein-tii to lite tanner*, »nd producers of tin- Went I "ast generally JOHN STKV-.T S, BIIvKHH, JJULLS.