Page 4 Advertisements Column 3

Feilding Star, Volume XIII, Issue 40, 1 October 1891, Page 4

PROSPECTUS of the WEST COAST FARM ERS' CO - O PKRATIVE ASSOCIATION (Limited) To be incorporated under the provisions < of " Tho Companies Ad. T882" Capital— £2oo,ooo, in 40,'>00 shares of £5 1 each, with power to increase. FIRST issue of 20,"00 shares are offered for subscription, in respect of which it is only proposed to call up 25s per share, payable as follows, viz . :— 5s 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 uniil at least | 4000 shares are subscribed for. In aU lotting shares regard will be had to priority ot application. Temporary office : Wangantti. Peovisioual Dibectobs : Wanganui. — Hon. John Bryce, Messrs T, Higeie, E. E. Fletcher, H. N. Harrison, Alexr. Hiegie. Wayerley. — Messrs W. Wilson, G. Death, James Aitken, Walter Symes, Duncan Macdonald. Marlon and Bulls. — Messrs John W. Marshall, Donald Fraser. Geoffrey Potts, David Scott, Johu MeKelvie, John T. Dalrymple, A. Cruirkshank, W, A, Keiller, Arthur Amon, James Howard, James O Lilly, Alfred Ross. Feilding and Halcombe. — Major F. Moore, Messrs Albert H. Finnis, Charles FitzHerberr, 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, Robert LiDton. Palnierston North. — Messrs William Coombs, John Cotter, Riekard O. K. Carey, Peter Stewart, G. Revmgton Jones, A. Russell, Edward John Arm« strong. Sandon and Carnarvon. — Messrs J. A. Bailer, James Bull, Robert B. McKenzie, Ales. McDonell, Tom McKenzie, B. S. Penny, Henry Hammond. Duncan D. M cßLenzie. • Bankers : The Bank of New South Wales Solicitor : Mr T. R. Cat,h, High street, Martnn. Managei : To be appointed after first meeting of shareholders. Secretary: (pro tern) Mr Walter Srnail, 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 North Island of New Zealand, should be able to dispose of thenwool, frozen meat, grain, dairy produce, flax, fruit, and any other piMucts at greatly reduced rates cf commission, and be able to purchase all farm and station requirements ab cost price, plus 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 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 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 yards, railway sidings, machinery, all necessary plant, stock 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 pubhc auction or by private contract, live stock of every description, all farm and 6tatiou 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 Association for, or t© 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 sell, exchange, improve, manage, lease, mortgage, dispose of, or otherwise deal with all or any pai-t 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 alone. By adopting the principle of co op^ation in the formation of the Associ. fcon, 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 m the most favourable market?, 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 collect and supply to shareholders agricultural and other statistics, prompt, disinterested, and re» liable information as to the state of and advantages offered by the various markets throughout the world. The Association will seek lo ally itself with other kindred institutions, anrl so by sharing the costs of agency in British and foreign markets, reduce such costs, while increasing correspondingly the advantages to shareholders. The profits of the Association, after payment to the shareholders of a dividend not exceeding seven and a half per cent, per innuna, and after making pro--vision 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, accordiug to the amount of business done by each with the Association, or according to any other system of dirison as may from time to time be approved of by a majority of shareholders at a genernl meeting of the Association. The annual reports of other similar Associations show the satisfactory financial results which may be attained by such enterprises, and induces 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 invesinient tor capital that, the West Coast Farmers' Co-operntiye Association may become, not only a source of profit lo its >hareholders and constituents, but also a great and permanent benefit to the farmers, graziers, and producers of the Wi*ht Coast generally. JOHN STEVENS. j3bok.br, Lulls.