Page 4 Advertisements Column 3

Feilding Star, Volume XIII, Issue 38, 26 September 1891, Page 4

PKO3PECTUS of the WEST COAST FAEMEKS' CO - OPERATIVE ASSOCIATION (Limited) To be incorporated under the provisions • of •' The Companies Act, 1882." I Capital— £2i)o,('oi\ in 4:>/ % -o<> .-hares of £5 i each, vvilh power to increase. pTIKST is<ue of WOO shares ar<> of- ■ t'ercd for subV{-ri| tion, in rrsieM of wlneli.it is only proposed to cull up 25a per share, payable as follotts, viz : -son application, 5* on ailotmeut, and t lie balance up to Jios 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 40UO shares are subscriber for. In allotting shares regard will be had to priority ot application. Temporary office : Wa.nga.nui. Provisional Dikectors : Wnngariui.— Hon. John Bryce, Messrs T, Higeie, E E. Fletcher, H. N. Harrison, Alexr. Hitgie. VVayerley— Messrs W. Wilson, 6. Death, James Aitken, Waller Syines, Duncan Macdon.»ld. Marton and Bulls. — Messrs John W. Marshall, Donald Praser, Geoffrey Potts, David Scott, John McJTelvie, John T, Dalrymple, A Cruickshank, W, A, Keiller, Arthur Anion, James Howard, James O Lilly, Alfred Boss. Feilcling and Halcombe. — Major F. Moore, Messrs Albert H. Fianis, Charles Fitz Herbert, H. L. Sherwill, Lewis S. Browne, Walter Johnstone, W. A. L. Bailey, John Pollock, William Mills, Owen I'lea.*an'ts, H Jacobs, J. K John stone, Alex. Bell, D, G, Eiddiford, .Robert Linton. Palmerston North. — Messrs William Coombs, John Cotter, Rickard O K. Carey, Peter Stewart, G. Bevmgton Jones, A. Eussell, Edward John Arm* strong. Sandon and Carnarvon. — Messrs J. A. Bailey, James Bull, Robert B. McK?nzie, Alex. McDonell, Tom MeKenzie, B. S. Penny, Henry Hammond. Duncan D. M cKenzie. Bankers : The Bank of New South Wales Solicitor : Mr T. K. Cash, High street, Martin. Managei : To be appointed after first meeting of shareholders. Secretary : {pro tern) M r Walter Srnail, Wangaaai. Broker: Mr John Stevens, Bulls. SEASONS 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 pxMucts at greatly reduced rates cf commission, and be able to purchase all farm and station requirements at cost price, plus actual expenses. 2. — The successful results achieyed by Co-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 AssociatioD 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, gram, and produce of eyery description, sale yai'ds, railway sidings, maehiuery, all necessary plant, ' stuck in-trade, merchandise, and all such other real and 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 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 maj from time to time bs 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, aod 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 Assoc' tnn, farmers, graziers, fiaxmillers, ana 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 in the profits of the Association, which, after paymout of all expenses, will belong to and be distributed amongst the shareholders. The t\ ssociation will collect and supply to shareholders agricultural and other statistics, prompt, disinterested, and reliable information as to the state of and advantages offered by ihe various markets throughout the world. The Association will seek to ally ii self with other kindred institutions, and so by sharing the costs of agency in British and foreign markets, reduce such costs, while increasing correspondingly ihe a,d 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 mnum, and after making provision for writing off so much of the assets of the Association as may be ieemed advisable and providing for a reserve fund, will be divided amongst the shareholders, according to the amount of business done by each with the Associiuion, or according to any other system of divison as may from time to ime be approved of by a majority of shareholders at a general meeting of the issociatiou. The annual reports of other similar issoeia;ions show (he -satisfactory inancial results which may be attained 3y such enterprises, and induces the >elief \u the minds of. the promoters thnr iqually satisfactory results may be chieved iv this ; ait of the colon y, and phile offering v safe investment ror apital that, the West Coast Fnriner*' !ooperatiye Association may become, ! ol oufy a source of profit to its .shareoldt'rs and c .ristitu.'nts, but also agrea: J n4 permanent benefit to the farmer?-, raziers, and producer j of the We>i oast generally. JOHN STF.VKNS, BiiOKfcK, liULLS.