Page 3 Advertisements Column 4

Manawatu Herald, Volume III, 4 June 1891, Page 3

OF THE CO-OPERATIVE and FARMERS' ALLIANCE OF NEW ZEALAND (Luiited}. To be Incorporated under the Provisions of " The Companies Act, 1882." CAPITAL : The nominal capital of the Association will be £250,000 in 50,000 shares of £5 each, payab'e as follows, viz :— 2s 6d on application, 5s on allotment, and the remainder in Ca'ls not exceeding 5s per Share, at intervals of not less than three months. It is not expeoted that more than £1 per share witl be necessary. NAME : The name of the Association will be " The Co-operative and Farmers' Alliance of New Zea'and (Limited)," and the REGISTERED OFFICE of the Company will be in the City of Wel ington. PROVISIONAL DIRECTORS : The Provisional Directors of the Association (until the first General Meeting of Shareholders shall have been held) wi'l be :— - Wellington. (J. C. McKerrow City . . . . .• ■ George H. Luxford (Joseph Saunders Makara . . . . T. H. Robinson Porirua • • • • Frank Smith Manawatu. Kereru . . . . Robert Gardner (J. O. Eatohelar Palmerston North ... - J^BeU ° (D. Buick Feilding .. ... J.Johnson Waiiuiup a. Featherston . . . . Coleman Philips Puruatanga . . . . John Martin, jun. „- , , (D. Carman Masterton .. •• "j j 0 lm Cameron ( Duncan Puckle _, . . , JW. W. McCardle Pahiatua .. •• | Thomas Miller \ George Whit conibe West Coast. Fordell . . . . James W. Baker Campbelltown.. .. Henry Sanson Waverley . . . . George S. Bridge With power to add to their wmnber. SOLICITORS : Messrs Menteath & Stave! ey, 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 iv other oountries, and in New Zoaland, notably by " Tbe Farmers' Co-operative Association of Canterbury (Ld.)" 2. Tbe 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 country. 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 Association 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 lull market value in the markets of the world, subject only to payment of expenses 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 ageucy in Home andFoieign markets reduce cost, while increasing efficiency to Shareholders. The profits of the Association, afterpayment to shareholders of a dividend not exceeding 7 per centum i upon the amount of the paid up \ capital, will be divided amongst the I shareholders according tothe 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,