Page 4 Advertisements Column 3

Feilding Star, Volume XIII, Issue 20, 15 August 1891, Page 4

PKOBPECTUS of the WEST COAST FARMERS' GO - OPERATIVE ASSOCIATION (Limited). To be incorporated under the provisions of " The Companies A el, 1882" Capital— £2oo,ooo, in 40,000 shares of £5 * each, with power to increase. FIRST issue of 20,<>00 shares are of- ' fered for subscription, in respect of which it is only proposed to call up 25s per share, payable as follows, viz. :— ss on application, 5s ou allotment, and the balance up to 25s per share in calls of 5s per share, to be mode at intervals of not less than three months. The balance of 75s ppr share will remain as a reserve of uncalled capital It is not proposed to register the Association until at least 4000 shares are subscribed for. In al» lotting '-shares regard will be had to priority ot application. Temporary office : Wanganui. Provisional Dibectoes : Wanganui. — Hon. John Bryce, Messrs T, Hi^cie, E. E. Fletcher, H. N. Harrison, Alexr. Higgie. Wayerley.— Messrs W. "Wilson, G. Death, James Aitken, Walter Symes, Duncan Macdonald, Marton and Bulls. — Messrs John W. Marshall, Donald Fraser, Geoffrey Potts, David Scolt, John McKelvie, John T, Dalrymple, A Cruickshank, W, A, Keiller, Arthur Amon. James Howard, James O Lilly, Alfred Ross. Feilding and Halcombe. — Major F. Moore, Messrs Albert H. Finnis, o'harles FitzHerbert, H. L, Sherwill, Lewis 8, Browne, Walter Johnstone, W. A- L. Bailey, John Pollock, William Mills, Owen Pleasants, IT. Jacobs, J. R. Johnstone, Alex. Bell, D, G. Riddiford, liobert Linton. Palmerston North. — Messrs William Coombs, John Cotter, Bickard O. K. Carey, Peter Stewart, G. Bevmgtoa Jones, A. Russell, .Edward John Arm* strong. Sandon and Carnarvon. — Messrs J. A. Bailey, James Bull, Robert B. McKenzie, Alex. McDonell, Tom McKenzie, B. S, Penny, Henry Hammond. Duncan D. McKenzie. Bankers : The Bank of If en- South Wales Solicitor s Mr T. R. Cash, High, street, Marton. Maaagei : To be appointed after first meeting of shareholders. Secretary: {jpro tern) Mr Walter Siaail, Wanganui. Broker: Mr John Stevens, Bulls. SEASONS FOE FORMATION OF THE ASSOCIATION. 1. — The obvioue necessity that farmers and all other producers, reaiden* on the West Coast of "the Noirth Island of New Zealand, should be able to dispose of their wool s frozen meat, graLn, dairy produce, Has, fruit, and any ot her pto^ucts »t greatly reduced rates of comiaissioia, and be &ble to pxircbas© all fivrca acd sSataon requii-eiucnts »£ cost price, plus aclual expsnesG. 2. — Th« sneesseM results aohieyed by Co-OperativQ Aeaoeiations )ln other countries and in other parts of Vlerts Zealand — notably, by the Farmers' Co-Operative Associations in Canterbury.

OBJECTS OF THE ASSOCIATION. The Association is established for the purpose of carrying oa the busiaess of a Co- Operative Association m all its branches, including the direct importation and supply of farm and otlutt station requisites, asd the Memorandum and Articles of Aesociatioa wiU enable the Association. — 2. — To purchase, lease, exchange, hire, or otherwise acquire and consstruot any land, buildings, warehouses, fo? »ho storage oi' wool, gram, and produce of eyery description^ sale yardts railway sidings, machinery, all necessary plant, stock m- trade, merchandise, and all such other real and ,'personal property as by the directors for the time oeuig shall be deemed Eeoefisary or coaJYeoieaS for carrying on i&6 bW«8«» of the Assoeiatioa,. 2. — To sell either by public auction or by private -contract, Irye stock of every description, all fe?32 aud station products and requisites, implements, machinery, chattels, acd effects o£ all! kiade, upon such terms eud conditions as the directors may from tima to time appoi ut. S. — To afford facilities to> the shareholders aad constituents of tke Association for, ar to undertake for them the shipment of their produce; to the various markets of the world, and to appoint j agents m Great Britain, the other colonies, and foreign countries for the furtherance of thia object. 4. — To aaaka advances to the taembere of the Aseociatioa or ajiy other pereoa or persons upon veal and personal securities, as Eiaj from tirao to time 2x» approved of by the directors, an<s to re<seive money ©a deposit at lafeorest or otherwise. 5. — To sell, exchange, improve, manage, leaee, mortgage, dispose of, or otherwise deal with all or anT port oi the property of the Association. ADVANTAGES or the ASSOCIATION To eecuro to the farmers, grasaers, and producers of the "West Coast, by ooopsratios, Julio benefits oi interchange, which hay© hitherto gose> to the agents or distributors alose. By adopting the principle of co operafcion m the formation of the Association, farmers, grasierg, flaxmilbrs, and all other producers^ wh» are shareholders and conetituents, may sell their prnducta aud buy what farm and (station req^uiaites they severally require ui the most favourable markets, and at the eame time share m the profits of the Association, which, after payoj&at of all expenses, will be 1oqj» to and be distributed amongst the shareholders. The Association will collect and supply to sh&wkolderH agricultural and other statistic*, prompt, disinterested, and res liable information as to the at ate of and advantages offered by the various fasarkets throughout the world. ' The A-Hsoeialkm will eaek to ally itself with other kindled institutions, end so by sharing the costs oi agency in British and foreigo markets, reduce such costs, wbil« increasing correspondingly the adyuntases to sliareh"W<»rfi. The uroflts oS the Association, after payment to the shareholders of a dividend not exceeding seven aud a half per cent, per *neum, and after making provision for writing off so snaek 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 amocnt of business done by each with the Association, or according to any other system of divison »» may from time to time be approved of by a majority of shareholders at a general meeting of the Association. The annual report* of other similar Associations show the satisfactory financial results ttlucb may be attained by such enterprise*, and induees the belief in the minds of the promoters that equally satisfactory results may be achieved in this j art of the colony, and while offering a safe investment tor capital that, the West Coast Farmers' Co operatiye Association may become, not only a source of profit to its shareholders and constituents, but also a great and permanent bi.'uctit to the farmers, graziers, and producers of the West Coast generally. JOHlf BTEVKNS, BliOKEi, Bui&B.