Page 4 Advertisements Column 3

Feilding Star, Volume XIII, Issue 15, 4 August 1891, Page 4

PROSPECTUS of the WESJ UJAsI FARMERS' CO - OPERATIVE ASSOCIATION (Limited) To be incorporated under the provisions of " The Companies Act, 1882." Capital— £2oo,ool), in 40,000 shares of £5 each, with power to increase. FIRST issue of 20,' "00 shares are of-ferc-d for subscription, in respect of which it is only proposed to call up 25s per share, payable as follows, viz :— s* on application, 5s on allotment., and the balance up to 25s per share in calls of 5s per share, to be made 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 least 40U0 shares are subscribed for. In al» lotting shares regard will be bad to priority ot application. Temporal office : Wangantji. Peovisional Dieectoes : Wanganui.— Hon. John Bryce, Messrs T, Higme, E. E. Fletcher, H. N. Harris son, Alexr. Higgie. VVayerley. — Messrs W. Wilson, G. Death, James Aitken, Walter Symes, Duncan Macdonald, Marton and Bulls. — Messrs John W. Marshall, Donald Fraser, Geoffrey Potts, David Scott, John McKelvie, John T, Dairy mple, A Cruickshank, W, A, Keiller, Arthur Amon, James Howard, James O Lilly, Alfred Ross. Feiiaing and Halcombe.— Major F. Moore, Messrs Albert H. Finnis, Charles FitzHerbert, H. L. Sherwill, Lewis S. Browne, Walter Johnslone, W. A. L. ffeiley, John Pollock, William Mills, Owen Pleasants, H Jacobs, J. R. Johnstone, Alex. Bell, D. G. Riddiford, Robert Linton. Paltnerston North.— Messrs William Coombs, John Cotter, Rickard O- E. Carey, Peter Stewart, G. Revinglou Jones>A. Russell, Edward John Armstrong. Sandon and Carnarvon. — Messrs J. A. Bailej, James Bull, Robert B, McKenzie, Alex. McDonell, Tom McKenzie, B. S. Penny, Henry Hammond. Duncan D. McKenzie. Bankers : The Bank of New South Wales Solicitor : Mr T. R. Cash, High street, Marfeon. Managei : To be appointed after first meeting of shareholders. Secretary: (pro tew) Mr Walter Smail, Wanganui. Broker : Mr John Stevens, Bulls.

EEASONS FOX 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, giain, dairy produce, flax, fruit, and any other piquets 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 achieved by Co-Operative Associations in other countries and in other parts of New Zealand — notably, by the Farmers' Co-Operative Associations in Canterbury. OBJECTS OP 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 plant, stock in-trade, merchandise, and all 6uch other real and ;personal property as by the directors for the time being shall be deemed necessary or convenient 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 and 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, 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. 5. — To sell, exchange, improve, manage, lease, mortgage, dispose of, or otherwise deal with all or any part of the property of the Association. ADVANTAGES of 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, 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 in the most favourable markets, and at the same time share m the profits of the Association, which, after payment of all expenses, will be long to and be distributed amongst the shareholders. The '. seociaiion will collect and supply to shareholders agricultural and other statistics, prompt, disinterested, and re* liable information as to the stale of anrl advantages offered by the various markets throughout the world. The Association will seek to ally it self with other kindred insiimtions, and no by sharing the costs of ngency in British and foreign markets, reduce such co.-l-. while increasing correspondingly the ad vantages to shareh- lders. The profis of the Association, after payment to the shareholders of a dividend not exceeding seven and a half per cent, per annum, and after making provision for writing off so much of the assets o[ 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 Associa; ion, or according to any other system of diyison as may from time to time be approved of by a majority of shareholders at a general meeting of the Association.

The annual reports of other similar Associa'.ious show ihe satisfuciory financial results which may bo attained by such enterprises, and induces the belief in the minds of the promoters that equally satisfactory results may be achieved in this ; art of the colony, and while offering a safe investment for capital that, the West Coast Farmers'. Cooperatiye Association may become, not only a source of profit to its shaiekolders and constituents, but also a great an r l permanent benefit to the farmers, gruziers, and producers of the Wesi coast generally. JOHN STEV KIN'S, BjioKEE, Bulls.