Page 3 Advertisements Column 4

Manawatu Herald, Volume III, Issue III, 28 May 1891, Page 3

PROSPECTUS or fjiHE CO-OPERATIVE and FAR _L MEBS 1 ALLIANCE OF NE^ ZEALAND (Limited). To be Incorporated under the Provision! of " The Companies Act, 1882." CAPITAL : The nominal capital of the Association will be £250,000 in 50,000 shares ol £5 each, payable as follows, viz. :— 2s Gd on application, 5s on allotment, and the remainder in Calls not exceeding 5s per Share, at intervals of not less than three months. It is not expected that more than £1 per share will be necessary. NAME: The name of the Association will bo " The Co-operative and Farmers' Alliance oi New Zea'and (Limited)," and the REGISTERED OFFICE of the Company will be in the City ol Wellington. ;• PROVISIONAL DIRECTORS : The Provisional Directors of the Association (until the first General Meeting of Shareholders shall have been held) will be : — WELLINGTON. ( J. C. McKerrow City \ George H. Luxford (Joseph Saunders Malcara . . . . T. H. Robinson Porirua . . • • Frank Smith Manawatu. Kereru .. •• Robert Gfrdrer p. O. Batc-elar Pataercton North ... JSSfif (D. Buick Feilding J.Johnson Wairarapa. Featherston . . . . Coleman Phillips Puruatanga . . . . John Martin, jun. .... (D. Carman Masterton .. •• - lJo hn Cameron ( Duncan Puckle » . . , JW. W. McCardle Paniatua .. •• 1 Thomas Miller \George Whitcombe West Coast. Fordell . . . . James W. Baker Campbelltown . . . . Henry Sanson Waverley . . . . George S. Bridge With power to add to their wumber. SOLICITORS : Messrs Menteath & Staveley, Lambton quay, Wellington. PROVISIONAL SECRETARY : Alexander Jardine. TEMPORARY^OFFICE Is in Customhouse quay (National Mutual Buildings), in the City of Wellington. SHAREBROKERS : Messrs T. Kennedy Macdonald & Co. REASONS FOR THE FORMATION OF THE ASSOCIATION. 1. The successful results achieved by co-operation in other countries, and in New Zoaland, notably by " The Farmers' Co-operative Association of Canterbury (Ld.)" 2. The obvious advantage of an Agency of which the subscribing producer or consumer shall be not merely client but proprietor. These and other considerations have induced the promoters to invite subscriptions from the public in town and county. ADVANTAGES OF THE ASSOCIATION. The Association is projected at the instance of farmers and producers generally, in order to secure to them by co-operation the benefits of interchange which have hitherto gone to the merchant or distributor alone. By co-operation in the formation of the Asaociation the farmers, the dairyman, the fruitgrower, the sawmiller and flaxmiller, the woolgrower, other producers, and the shareholders generally may sell their produce and buy what they severally consume in the most favourable markets. The profits of the Association after payment of expenses will belong to and be distributed amongst the shareholders. Subscribers will thus obtain for produce the full market value in the markets of the world, subject only to payment of expeuses and a certain fixed percentage in order to enable the Association to pay a dividend not exceeding seven per cent, on capital. On the other hand they will obtain goods at wholesale prices. The Association will collect and supply to shareholders prompt and disinterested information as to the state of and advantages offered by the various markets throughout the world. The Association will seek to ally itself with other kindred institutions, and so by sharing the cost of agency in Home and Foreign markets reduce cost, while increasing efficiency to Shareholders. The profits of the Association, afterpayment to shareholders of a dividend not exceeding 7 per centum upon the amount of the paid up capital, will be divided amongst the shareholders according to the amount of business done by each or otherwise as may be from time to time by a majority of shareholders at any general meeting determined.