Page 4 Advertisements Column 1

Feilding Star, Volume XIII, Issue 48, 20 October 1891, Page 4

BTfOSPECTUS op the WEST COAST y — -FAEMEES' CO - OPEEATIVE ASSOCIATION (Limited). _ - i To he incorporated under the proyisions , .of "The Companies Act, 1882." ' . ' Capital-t-i8200,000 } ia 40,000 shares offiS each, with power to increase. , FIRST issue of 20,000 shares aTe offor subscription, in respect of . , -which* it is- only 1 1 proposed to call up 25s t* per share, payah'le as follows, viz. :— ss on application, 5s on allotment, and the balance up to Sos'per share in calls of 5s per share, to, Jjc made at intervals of not 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 4000 shares are subscribed for. In al» lotting shares Tregard - will lie had to t priority oort r application. , , . Temporaryydffice^WANGAiTOi. pBOyiSIONAIi JJIBECTOBS : Wanganui. — Hon. John Bryce, Messrs ' f T, Higgle, E. E: Pletelier, H. N. Harri* ' son, Alexr. HiggieiT - t , Wayerley. — Messrs^WJ. Wilson, G. Death, James 'Aitken,' Walter Symes, Duncan. Macdoriald, - \ Marton and Bulls.— Messrs John W. , Marshall; Donald Fraser, Geoffrey Potts, David Scott, Johrf MoKelvie, JohD T, * Dalrymple, A, Cruickshank, W, A,ieiller, Arthur Amon, Jam.es Howard, James * O. lally^lfred Kojs.^ ! r Feiiaingjind SaTcomoe.— Major F. c-f^ Moote,^l«)Bsrß Albert H/Einnisj 1 Charles EitzHerbert, H. I»jJ3herwill, Lewis S. ■* Browne, .Walter JohnstenVW.' A. L. Bailey, John* Eollocfer, William Mills, "Owen Pleasants, HT JacSoK T. K- John- " stone, Alex. Bell, D.^G; s.Eiddiford, .Robert Linton." ' " , ' ,' ~, t 1 _ Palmerston NorthV— Messrs^W-illiam J Coombs, .John /Cotter, EicFard, O. E. Carey, Peter Stewart, ~ Gr. -ijfevmgton Jones, A. Eussell, John Arm* strong. - l < ffr' ( Sandonand Carnarvon. — Messrs J t A. Bailey, James Bull, Eobert B, McKenzie, Alex. McDonell, Tom McEenzie, B. S, Penny, »Henry Hammond. Duncan B. , McEenzie. Bankers : The Bank of New South Wales " Solicitor : Mr T. E. Cash; High street, ■ „". ' Marton. Manage! t To he appointed after first , ' '- meeting of shareholders.' Secretary : (pro, tern) Mr Walter Srnail, - ' Wanganui. Broker: Mr John 'Stevens, Bulls. V 1 - BEASON& FOE POEMATION OF : - "THE ASSOCSIATION. 1. — The obvious necessity that farmers and* all other producers, resident on the I ■■ West Coast of the North Island of New y. Zealand, should be w abla to dispose of their > wool, frozen meat, grain, dairy produce, flax; fruit, and any 'other pio3ucts at ' -greatly reduced rates of commission, and be able i q purchase all *faiin and station ' - -requirements at cost price, plus actual ex- ' "■ penses. * ' v 2. —^The successful results achieyed by ""~-Co-,Operative Associations in other count - '■>' rles and in other parts of New Zealand— notably, by the Farmers' , Co-Operative i Associations in Canterbury. - ' OBJECTS OF THE ASSOCIATION. The Association is established for the purpose of carrying on business of a Co-Opeiative Association m all its^ branches, including the direct importatiggJ •w and supply of farm and other statjgg^g. quisites, and the Memoranjjgjn &VI A Articles of Association JjiJi^enahle ' the Association. — ' -^*^^ ' '■ v 1;— ■ To purchasgj^s^ exchange, hn-e, ''^ofgiitliSlSa^Scquire and construct any ■^laad, buildings, warehouses, ,£or the "*^ storage of wool, grain, and produce of eyery description, sale xards, railway ■* sidings, macHnery, all necessary plant, < "» , stock in- trade, merchandise, and all such other real and" pßTSonal property a&( jj by the directors for the time being shall ' be ddemed necessary or convenient for - carrying -on the busines" of the Association, 27 — 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, a or to undertake for them the shipment of their produce to the various markets of the ' world, and to ' agents in Great "Britain, the other colonies, aud 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 fiotn time 1 " to time be approved of by tho dnectors, and to receive money on ' deposit at mterest or otherwise. o. — To ccII, exchange, improve, mau- ■ age, lease, 1 mortgagsfdispose of } or otherwise deal with all or any part oiJ&St piopei-ty ol t'io Association. _^ m *s^ ADYANTAGJS^¥^6^SSOCIATION To secjiferto tbe farmers, graziers, and prcdngfirs o f the We3t Coast, by coopcfation, the benefits of mteichange, '^WhichhaTO hitheito gone to the agents '" dt, distnbutors alono. Bt adopting the principle of co operak- , , ion in thb loiination of the. Association,' fanners, grazes, flaxmillers, and all other producers, who aie shareholders and constituents, may sell their products ' . and buy what faim and station requisites - they Eeveially. requne in the most favoui- - abla raarket«, and at the same timo share in the profits of the Association, after payment of all oxponsps, will be- / long to' and. bo distn.bu.ted amongst the fcharei'oldcrs. 'ihe jissocs.ition will collect and supply to shareholdi rs agricultural and r other statistics, prompt, disinterested, and ie>> liable infornulion as to the state of and advantages "offered by ihe various markets throughout the world. Ihe Association will seek to ally itself irilli other ki'idrod institutions, and so ' by sharing the costs of agency inßutbh and foreign markets, rt-Juce such costs, ' while increasing correspondingly the advantage? to aharch' lders. The profits of the Association, after payment to the shareholders of a dividend not exceeding seven and a half per cent, per anni.m, and after making pro • vision 'for v. nting-ofl" so much of tho assets of *he Association as may be deemed advisable and providing for a reserve fund, will be divided amongst the shareholders, accpicang to the amount of business do-ie by each with the Association, or according to any other -system of diyson as may from time, to - hme-be Appiovcd o£ by a majority of - shareholder!! at a general meeting of the Association The anpual reports of cth/r similar As°ociatious ihow y 'the satisfactory finr-ncial lcsults which ma/ bo attained ' by skc'i enierprises, and induces (he belief in the lnmclb of the promoters that tqualJy satisfactory results may Ie athjcvedji this jart of tho colony, and wlufp oil u r:ii^ a safe investment lor cinlal tLa(. the West Coabt Farmer^ 1 Co o] oratijo As&ociaiion may become, ik t only a «ouice cfj.piofit toitbshaie- - ho'dcra ?nd constituents, but also a gie.it an I ye) Diluent benefit to the farmers, grazierf/and producers of tho West ge««H^ oH3r gTEvENSj Sbokeb, Bulls.