Page 4 Advertisements Column 3

Feilding Star, Volume XIII, Issue 39, 29 September 1891, Page 4

?ROSPECTU&of the WEST COAST FARMEBS' CO - OPERATIVE ; ASSOCIATION (Limited) Do be incorporated under , the provisions ; of " The Companies Act, 1882." Capital— £2oo,ooo. in 40i0n0 shares of £5 each, witb power to increase. pi£BT issue of 20y00 sharps r.r« ofr fersd for subscription, in respect of yhich it is only proponed to call up 25s per share, payable as follows, viz : — ss an application, 5s on allotment, and the balance up to 25s per share in calls oi 5s [ier share, to be znade at intervals of no: ess 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 lea9t 4000 shares are .subscribed for., la al^ lotting shares regard will be had to priority ot application. Temporary office : Wanoanui. PbOVISIOKAL IiIEECTOBB i Wanganui.— Hon. John Bryce, Messrs T, Higeie, E. E. Fletcher, H. N. Harrison, Alexr. Higgie. Vfayerley — Messrs W. Wilson, G. Death, James Aitken, Walter Symes, Duncan. Macdonald. Marton and 'Bulls. — Messrs John 'W A Marshall, Donald Praser, Geoffrey Potts'," ©avid Scott, John McKelvie, -John T* Dalrymple, A Cruickshank, W, A, Keiller, Arthur Ainon, James Howard, James O Lilly, Alfred Ross. ■ Feilding and Halcomhe.— Major F. iMoore. Messrs Albert H. Finnis, Charles. JFitzHerbert, H. L. Sherwill, Lewis S. ! Browne. Walter- Johnstone, W. A. L._ [Bailey, John Pollock, William Mills, Owen Pleasants, B". . Jacobs, J. R- John^ stone, Alpx. Bell, D, G. Riddiford, Jiobert Linton. . ! Pulmerston Nbrth.—Messrs William iCoombs, John Cotter, Rickard O- E. ' Carey, Peter Stewart, G. ReTmgton Jones, A. Bussell, Edward John Arm* strong/ ' " •'' " T ■" '. i "'Sandoh and Carnarvon. — Messrs J. A. • Bailey, James Bull, Robert B. McKenzie, JAlex. McDonell, Tom McKenzie, B. S. Penny, Henry Hauiuoud. Duncan I). McKenzie. i Bankers ; The Bank of New South Wales Solicitor ; Mr T. R. Cash, High street, Marton. Managei i To be appointed after first meeting of shareholders. Secretary i {fro tern) Mr Walter Smail, Wanganui. Broker: Mr John Stevens, Bulls. REASONS FOR FORMATION OF THE ASSOCIATION. 1. — The obvious necessity that farmers and all other producers, resident on the West Coast of the Koriii Island of New Zealand, should be able to dispose of their wool, frozen meat, sruin, dairy produce, flax, fruit, and any other piHucts at greatly reduced rate* of commission, and be able to purchase all farm and station requirements at cost price, plus actual expenses. 2. — The successful resuLs achieved by Co-Operative Association in other countries and in other parts of New Zealand — notably, by the Farmers' Co-Operative Associations in Canterbury, 1 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 reiqmsitea, 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 every description, sale yards, railway sidings, machinery, all necessary plant, stock m-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 As* cociation. 2. — To sell either by public auction or by private contract, live stock of every description, all farm and station products aud requisites, implements, machinery, chattels, and effect? 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 col. onies, and foreign countries for the furtherance of this object. , 4. — To make advances to the members of the Association or any other person br persons upon real and personal securities, as may from time to time be approved of by the director*, aud 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 farmers, graziers, and producers of the West Coast, by cooperation, the benefits of interchange, which have hitherto gone to the agents or distributors alone. Br adopting the principle of co operation iv tha formation of the Assoei>.kon, farmers, graziers, flaxmillere, 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 payment of all expenses, will belong to and be distributed amongst the shareholders. The Association will eolleet and supply to shareholders agricultural and other statistics, prompt, disinterested, and reliable information as to the state of and advantages offered by the various markets throughout the world. The Association will seek >o ally itself with other kindred institution*, 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 Ihe Association, after payment to the shareholders of a divi» dend not exceeding seven and a half per cent, per annum, and after making provision for writing off so much of the assets of the Association &b 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 divison as may from time to time be approved of by a majority of shareholders at a general meeting of tbe Association. The annual reports of other similar Associations show the satisfactory inancial results which may be attained >y such enterprises, and induces the >?lief in the miods of the promoters that squally satisfactory results may be luhieved in this ; art of the colony, and vhile offering a safe investment tor sapital that, the West Coast Furmers' 30-operatiye Association may become. iot only a nource of profit to its >haretoldersand constituents, but also a great nd permanent benefit to the farmers. raziers, and producers of the We.-t toast generally. JOHN STEVENS, UttOKBK, PcliS.