Page 4 Advertisements Column 2

Manawatu Herald, Volume III, Issue III, 4 July 1891, Page 4

In allotting the shares, the directors will have regard to priority of application, and not more than IjQO shares will be allotted to any one person. ' In submitting an Association of this character to the public it is only necessary to say that it is in no sense . a speculative undertaking. : The Experiences of similar enterprises in the Colony has shown them to be not only dividend paying, but pro- , ducttveof .many collateral advantages to the producer ; minimising as they do all charges', they necessarily com* pelimerchants and shipowning firms to lower to a reasonable point their rates of profit, commissions, freights, &c. The fact that the New Zealand Farmers' Association of Canterbury (Christchurch") last year had a total profit of £10,804 5s 5d a to distribute, and that the Canterbury Farmer? Association j^Timaru) and other similar Associations are all jn a most satisfactory financial condition, speaks for. itself n 8 to the safety of the capital to be embarked, r The central *ppsty'on v of, the City J^rs^ingt6n a,ntU Us ..itftag/nifice'nli jcapacity for the cheap distribution of J»Jmiifetß : tp all Jparta of the world, marks it" out prominently as the hktfur'a'l dentre for the 'present Company's operations. The recent connection of the city with Napier on the Bust Coast, and New Plymouth «oj^tbsii West Ooasf;,;by\ through lines w%wlway, wij) enaV»Te ''the settlers in^esQ-districts to share equally in *«0 aa^arltag«B, which will accrue to )Bh,arehojders;in the .Wellington oPro/viflcial, jbistriot from having at their cheapest harbour in the Colony as a distributing centre. THE OBJECTS %r^J^h'pthe, . 'i^oiMipn ,w,jll ftstabiished and powers deemed, nacessary ior its successful working ara.:rw(l) To carry on the business of a Gbi-boeta'tive Association in all its branches. (2) To huy and sell* goods, stores, consummable articles, chattels, and effects of all kinds. (3) ,To 'conduct the sales of the Association' upon a cash basis. ' "(4') To offer facilities to farmers for ihe shipment of their produce to tbSKvaribus" markets of the world, "a'tfd to iippoinfc agents in different localities for the furtherance of this , (5) To purohase, take on lease, or kri'e'ioH'ahge 1 , hire, or otherwise acquire any real and personal property, and any rights, patents, or privileges necessary or convenient for the purpose olthe Association, and^ warehouses for.thja.^torage of grain and produce of any* kind, and •: any land, buildings, easements, railway sidings, machinery, plant, and stock-in-trade. (6) To con3truot, maintain, and alter any buildings, maohiuery, engines, plant, and works that may be deemed by the Directors necessary, convenient, or fit for the purposes of the Association or calculated directly or 1 Indirectly tOj adyance the interests of the Association or the members thereof. (7) To borrow or raise money by the $ssue of or upon bonds, : deberituresj^ills of exchange, promissory notesj 'or other obligations w or. securiteßJ of the ~ Association,, or by r n^priigiage or charge, .of all .or any: ffaw of ;the'property pf the . Assooia'toj'orof its uncalled capital, or in such other manner as. the Direotors o ! f tjie Association shall think fit. (8) tfo make, accent;, endprse^and •xeoute promissory notes, bills of exchange, and osier negotiable, .instruments." „ „;' . U< (?) To purchase, or otherwise aoquire and un^ert^kpiajl; qt any mart ol the hnsiness^ m?,^ and fjubilitffis of, and to amalgdmatfei -frith' any other Association/? Company, firm, or person ; the objects of which pmatl be altogether, or in part, simila? to those of this Association. (10) To invest moneys not immediately required upon such securities of by the Directors. - 1 * v • " f (tl), Tp -make l( a4ya^<J?B to membera of Ine Association, upon such real' or personal , securities as may from time to time be approved of by the Directors. ' 1 \\2) To receive money on deposit ajt interest or otherwise. ' .■> "(18) To sell, exchange, improve, manage, develop, lease, mortgage, cdisp;oß^; ! 6fi or otherwise deal with all qt ' 'any' part of the property of the Association. ' „,. (14) the operations of the Assfiteiation in any direction ' whichMmay- seem likely to benefit the i uiernbers^thereof. • > ■ -, (i6)t'Td s d6 all such other things as ar# "incidental or conducive toi the i ! a.tt r a^nment of che above objects or L<: » Wf. of f them, f•' ■' i! "- ••■; > ; ' i !I! The preliminary expenses and i ttioaeialtettAing the promotion and registrktion of the Association will be paid by the Association. The liability of the members is limited to the nominal value of the i shares held by them, i Application fdr shares can be made to the Secretary of the Company at his Office, National Mutual Company's Buildings ; or to the Brokers, at tnSir Offices, Exphange Buildings, I^ambton-quay, " * ?l '-'•**■-♦*