Page 4 Advertisements Column 2

Manawatu Herald, Volume III, Issue III, 16 July 1891, Page 4

In allotting the shares, tbo cliroctors will have regard to priority of application, and not mere tban 100 chares will be allotted to any ODfi perpon. In submittfng an Aseocintion of this character to the public it i« only necessary to pay that it is in no ppnse a speculative nndertolcing. The c xperifinces of eimilar enterprises in tbe colony has shown thora to be not nnlv dividend paying, but produotiveof many collateral advantages to the proflncer ; minimising' as they do nil charges, th^y necepearily com* pel merchants and ehipowning firms to lower to a reasonnhle point their r*tes of profit, commissions, freights, &c. Thf fact that the Now Zealand Farmers' Association of Canterbury (Orifltchurch 1 ) last year hnrl a total profit of £10,804 6s" 5d to distribute, and that the Canterbury Farmers Association (Timaru) and other similar Associations are all in a most satisfactory financial oc ndition, spealcs for itself rs to tbe safety of the capital to ba embarked. Tbe central position of the City of "Wellington a"d its magnificent oapsoity for the cheap distribution of product' to all fparts of the world, mnrka it rut prominently us the natural centre for the prF6rnt Company's operations. The recent connection of the city with Napier on the Kn«t Coast, and New Plymouth nn the "West Coast, by through lines ot railway, will enaM* the. settlers in tliese diafrots to fhare equally in tbe advantages, whi«h will accrue lo sbarehnTders in the Wellington Pro. vineial District from having at their door the best and cheaptet harbour in the Colony as a distrit uting centre, THE OBJECTS *or wl'ieh the Aspociation will be established and powers deome'J necesary tor its sucoessful vroildng ares — (1) To carry on thp business of a 00-opprative Association in all its branches. (2) To buy and s 11 poods, stores, eonnimmnMo prtic'es, chattels, and effects of all kinds. (8) To conduct the pales of the Association upon a rash basis. (4) To offi-r facilities to farmers p or the shipment of their produce to the various markets of the world, find to appoint agents in different localities for the furtherance of this objert (5) To purchase, talce on lease, or in exchange, hire, or otherwise acquire any real and personal property, find any rights, patents, or priviepes necessary nr convenient for the pur pose of the Association, and warehouses for the storage of grain and prodnce cf any kind, and any lnnd, buildings, easements, rai'way «idincr*. machinery, plant, and stpolc-in-trade, (6) To construct, maintai", a- d alter any buildings, machinery, engines, pant., and works that may bp deemed by thf* Directors necoß.sn.ry. convenient, or fit f f »r 'he purnnpm of the Association or calculated directly or indireptly to advance tho interests of the Association or the memhers thereof. (7) To borrow or wise money by the issue of or upon bonds, debenI tures, bills of exchange, promissory notes, or other ob igiuior-s or 6e.cnrites of the Association, or by mortgage or charge of all or any part of the property of the Association, or of its uncalled capital, or in such other manner as the Directors of the Association shall think fit. (8) To make, accept, endorse, and execute promissory notes, bills of exchange, and other negotiable instruments. (9) To purchase or otherwise acquire and undertake all or any part of the business, property and liabilities of, and to amalgamate with any other Association, Company, firm, or person ; the objects of which ; shall be altogether, or in part, similar to those of this Association. tlO) To invest moneys not immediately required upon such securities as may f rom time to time be approved of by the Directors. (11) To make advances to members of the Association, upon such real or personal securities as may from time to time be approved of by the Directors. (12) To receive money on deposit at interest or otherwise. (18) To sell, exchange, improve, manage, develop, lease, mort^a^e, dispose of, or otherwise dml with all or any part of the property of the Association. (14) To extend the operations of the Association in any direction wbich may seem likely to benefit the members theieot. (15) To do al such other things ns are incidental or conducive to the attainment of the above ul.jects or any of them. The preliminary expens*s aul ' those attending the promotion aud registration of the Association will be v paW by the Aesora -turn. Tho liabi ify of the members is limited to the nominal value of the shares held by them. Application for shares can be n:nde< to the Secretary of lhe Company at his Office, National Mutual < oinpany's Buildings ; or to the Brokers, at their Offices, Exehanga Buildings, Latabtcn«<iUfty,