Page 4 Advertisements Column 1

Manawatu Herald, Volume III, 11 June 1891, Page 4

PROSPECTUS or fTIHE CO-OPERATIVE ani> FARX MERS' ALLIANCE OF NEW ZEALAND (Limitsd). To be Incorporated under the Provisions of '• The Companies Act, 1882." CAPITAL The nominal capita 1 of the Association will be £260,000 in^O.OOO shares of i 5 each, paytflf e qs follows, viz :— 2s fid on application', 5s on a : otraent, and the remainder in Ca Is not exceeding ;1.« ppr sliare, at 1 an,teryals of not , less than three months/ It is not expected that move than' £1 per share wi Ibe necessary. ' ■•' JI; :i - : NAME: The name of the Association will be " The Co-operative and Fanners' Alliance of New Zea and (Limited)," and the KEGLSTERED OFFICE of the Company will be in the City of Wellington. PROVISIONAL DIRECTORS: The Proviijional pire.qtor^,pf.the Association (imi.il 'tlie'h'rat' General Meeting of Hlmioholders shall havo been held) wi 1 bo :— ' (if.C. MoKerrow City . . . . » , j George H. Luxford (Joseph Kaunders Makaia . . , 4 ' , H. Robinson Porjiua -.....,• Frank- Smith . „ Kcrcrn . . . . Robert Gardner (J. O. L'atchelar t*»nm*** ... JSJa* (D. Buick . Fei'djny .. \L f -'J.' Johnson . WatiiXbapa. Feallicrn'fin .. „ Coleman Philips PuM!;it!'.n»a .. '.". : :Tohn Martin, jun. Masicrtmi .. ' " : '. . Cd ™ mti ' I John Cameron Duncan Puckle p.,. tnn W. W McCardle Paluatua .. .. -i., h Mjller George w hitconibe West Coast. Fordcil • • • • James W. Baker Campbclltown.. .. Henry Sanson Wavo'rley . . . . George S. liridge With power to add to their wumber. SOLICITORS: Messrs Menteath & Staveley, Lambton tjuay, Wellington.,, PROVISIONAL SECRETARY : Alexander J&rdine. TEMPORARY OFFICE Js in Customhouse quay (National Mutual JJuildinys), in the City of Wellington. SHAREBROKERS : Messrs- T. Kennedy Macdonald &Co REASONS FOR THE FORMATION OF THE ASSOCIATION. J, The successful roxiilts achieved by co-operation iv other countries, and in New Zoala: d, notably by *' This Farmer^ Co-operative Asju- ! oiation of Canterbury (l-d.)" 2. The obvious advantage of an Agency of which the ..subscribing producer or cuii^uiuer ahull be not laere'.v clieut bijtoopnet"r, The^a' d'nd "otlTer corihiderations havo mduoid the promoters io invite pubscrip iuu« from tho public in towu and country. ADVANTAGES OF IHE ASSOCIATION. The Association is projected at the instance of farmers aud producers generally, in order to se< ure to them by co-operation (he benefits of interchange which have hitherto gone io ~th'd.)tf}tf[H|tat a'orie. By co-operati n in the f rmation of the Aaeooiationv^ue farmers, the dairyman, the fruitgrower, the sawmiller and flaxuri'ler, the woolgrnwer, otljer producer, tmd genemNy may-seilthefr -produce nnd buy what they severally consume in tin' uinaD tfivoutttble markets, Th • profits or^-the-Assr cintion after puymont of expenses will belong to avtl be distributed amongst the *liareho!<J«r3pr Sul^jverjii &%\ oDtaio foV i^dufce 'tire full market vuiiiu iv the markets of the world, subject only lovpayme^f o^expenses and a certain fixed 1 percentage in order to enable the Association to pay a dividend not exceeding seven per cc t. oa c^pit^,)' > On . the other hand they will obtain Roods at wholesale prices. The Association -will co lect and supply to shareholders prompt nnd d smter^ted information hs to the Bta'e of And udviwitage'i oflW<ul hy (he various Uiarkets thnm.yhout f.e wurl'i. - The Association will seek to al v iteelf with other kindred institution?;, and so by shHriug the co^t of age; cy in Home and Foi^eigu niairfce-s reduce co^t, while iucreusitigv efficiency to fcjhaiieholderß.! ', u.-fiJoii^A The profits of the Association, afterpayment to-ehareholders of a dividend not axcuediug 7 per ceutum upon the amount of the . pji id up capital, will be divided amongst the shareholders accordiuu to the amount of huFines- done by each, or otherwise as m^ y he fromtiuio «o time by a ma jorit ■ of shareholders , at any general mtttfajgpfctermined.