In allotting the shares, the directors will have regard to priority . of application, and not more than f 100 shares will be allotted to any ' ona perron. In submitting an Association of this character to the public it is only necessary to say that it is in no "prise a speculative undertaking. The experiences of similar enterprises in tbe r*olony has shown them to be not .only dividend paying, but pro- ; ductiveof mnny collateral advantages to the producer ; minimising as they do nil pharges, thpy necessarily com- , and shipowning firms ,to lower to a reasonable point their rntes of profit, commissions, freights, &". The fact that tho New Zealand Farmers' Association of Canterbury (Ohriatchurch) last year had a total profit of iSIOjBO4 5s 5d to distribute, and that the Canterbury Farmers : Association (Tjmaru) and other similar Associations are all in a most satisfactory financial condition, speaks for itself ns to the safety of the capita| to b<» embarked. * . .? \ {%& central position of the City of Wellington and its magnificent; I Jsapacity for the cheap distribution of PTpdiiotsto all {parts of the world, marks it out prominently as the natural centre for the present Company's operation?. Tbe rpnent connection, of the city with Napier, on -.tlttjriEtist Coast, and.. New Plymouth orithf) West Coast.Hy through lines - otrailw^ay, will enable the settlers '4» these districts to share equally in ithe aivanlagm, which will accrue to ; shareholders in the Wellington Provincial District from having nt their door the best and cheap6Pt harbour in the Colony as a distributing centre.,, .
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Manawatu Herald, Volume III, Issue III, 27 June 1891, Page 4
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253Untitled Manawatu Herald, Volume III, Issue III, 27 June 1891, Page 4
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