Page 4 Advertisements Column 3

Feilding Star, Volume XIII, Issue 24, 25 August 1891, Page 4

I PROSPECTUS of thb WEST COAST ! FARMERS' ,CO - OPERATIVE ASSOCIATION (Limited). To be incorporated under the provisions ~> of •• The Companies Act, 1882." I Capital— £2oo,ooo, in 40,000 shares of £5 ' each, with power to increase. | CIRST issue of 20,000 shares are of- I ■ t'erc'd for subscription, in respect of which it is only proposed to call up 25s per share, payable as follows, viz. :— ss 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: iess 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 4000 shares are subscribed for. In al» lotting shares regard "will be had to priority ot application. Temporary office : Wanganui. PbOVISIONAL DIBECTOEB : Wanganui.— Hon. John Bryce, Messrs T, Higgle, E. E. Fletcher, H. N. Harrison, Alexr. Higgle. Wayeriey— 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 McK.elvie, 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, Charles FitzHerbert, H. L. Sherwill, Lewis S Browne, Walter Johnstone, W. A. L Bailey, John Pollock, William, Mills Owen Pleasants, H. Jacobs, J. R. John stone. Alex. Bell, D, G. Riddiford Jtioberl Linton. Palmerston North. — Messrs Willian Coombs, John Cotter, Rickard O. E Carey, Peter Stewart, G. Revingtoi Jones, A. Russell, Edward John Armstrong. Sandon and Carnarvon. — Messrs J. A Bailey, James Bull, Robert B. McKenzie Alex. McDoneli, JTom McKenzie, B. S Penny, Henry Hammond. Duncan D McKenzie. Bankers : The Bank of New South Wales Solicitor : Mr T. R. Cash, High street Marton. Managei : To be appointed after firsi meeting of shareholders. Secretary: (pro tern) Mr Walter Smail Wanganui. Broker: Mr John Stevens, Bulls. REASONS FOR FOBMATION OF ' THE ASSOCIATION. 1. — The obvious necessity that farmer! and all other producers, resident on th( West Coast of the North Island of Nev Zealand, should be able to dispose of then wool, frozen meat, grain, dairy produce flax, fruit, and any other pioducts ai greatly reduced rates cf commission, anc be able to purchase all farm and statioi requirements at cost price, plus actual ex penses. 2. — The successful results achieyed bj Co-Operative Associations in other count ries and in other parts of New Zealand— notably, by the Farmers' Co-Operativ< Associations in Canterbury. OBJECTS OF THE ASSOCIATION The Association is established for th< purpose of carrying on the business of t Co- Operative Association m all ib branches, including the direct importatioi and supply of farm and other station requisites, and the Memorandum anc Articles of Association will enable th< Association. — 1. — To purchase, lease, exchange, hire or otherwise acquire and construct anj land, buildings, warehouses, for the storage of wool, gram, and produce eyery description, sale, yards, railway sidings, machinery, all necessary plant stock m-trade, merchandise, and al such other real and property a; by the directors for the time being shal be deemed necessary or convenient fa carrying on the business of the Association, 2. — Tc sell either by public auction 03 by private contract, live stock of everj 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 Associate 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 furtherance 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 soil, 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 haye hitherto gone to the agents or distributors alono. By adopting the principle of co operation in the formation of the Association, farmers, graziers, flaxmillers, and all other producers, who aro 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 in the profits of the Association, which, after payment of all expenses, will be long to and be distributed amongst the shareholders. The A ssociation will collect and supply to shareholders agricultural and other statistics, prompt, disinterested, and resliable 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, and so by sharing the costs of agency in British and foreign markets, reduce such costs, while increasing correspondingly the ad Vantages to shareholders. The profits of the Association, after payment to the shareholders of a dividend not exceeding seven and a half per cent, per annum, 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 Association, 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 Associations show (he satisfactory financial results which may be attained by such enterprises, and induces the belief in the minds of the promoters that equally satisfactory resnlls may be achieved in this rart of tbe colony, and while offering a safe investment tor capita! thai, the Wesi Coast Farmers' Co-operatiye Association may become, not only a source of profit to its share* holdt-rs and constituents, but also a great and pei'mHnent benefit to the farmers, grazers, and producers of the West Coast generally. JOHN STEVENS, Bboksh, Bulls.