Page 4 Advertisements Column 3

Hauraki Plains Gazette, Volume XXXIV, Issue 4586, 13 July 1923, Page 4

o ! THAT SHARE BOGEY i . ? More malicious misrepresentation and encouragement of misunderstanding is directed against the co-operative share-holding system Ij than any other aspect of our business. The | system is simplicity itself, and the only fair way j of apportioning reward to responsibility and safeguarding the interests of suppliers and. h shareholders. | NO COMPULSION. There is no compulsion upon any farmer supplying the p New Zealand Co-operative Dairy Company, Ltd., to ; take up iq shares in the Company. His supply is welcome whether he ■ applies for shares or not, but it PAYS HIM to become a shareB holder. ;i Once a man applies ’for shares he receives a SPECIAL PAYMENT over and above that paid the npn-shareholder. This payment—fd per lb. in the case of butter shares—is credited ?: to his account until the £1 shares allotted on the basis of one share for every 701bs. of butter-fat supplied, are fully paid up. r This takes about five years. No cash deposit or contribution is * asked from the supplying shareholder in this process. • Once shares are fully paid up on this self-paying principle | the shareholder receives that fd per lb. butter-fat IN CASH. It COSTS NOTHING to become a shareholder. The non--1 shareholder and the shareholder in the first stages receive I EQUAL CASH PAYMENTS; but the shareholder, by expressing ' his preparedness in the interests of his own Company to accept I his full status as a contributing shareholder, is given an EXTRA f PAYMENT, which , builds up a reserve, and which eventually | earns an EXTRA CASH PAYMENT of id per lb. on every lb. of butter-fat supplied for butter-making. This system means that if a non-shareholder receives 1/6 butter-fat, the shareholder receives 1 /6f The id is EXTRA. This is tfte nest way we know of GETTING SOMETHING FOR NOTHING. Fully-paid shares in the Company are negotiable assets which the shareholder secures compared with the non-shareholder. ; Original “A ” shares are resumable after the cessation of dairying at their full cash value; “B ” shares to the extent of 75 fo ;i' of their, paid up value. j All branches of the business are independent of the others, if Each must stand on its own footing, and Ho department supports anything but itself. ? Cheese, casein, and milk powder shares are operated on the same principles. ii j The New Zealand Co-operative Dairy Company Limited HAMILTON - PAEROA - AUCKLAND