Page 4 Advertisements Column 2

Manawatu Herald, Volume III, Issue III, 18 July 1891, Page 4

In allotting the Bhares, the dirrctors will have regard to priority of api'lication, find not more than 100 shares will be allotted to any one perfon. In submitting an Associntion of this character to the public it is only necessary to pay that it is in no emse a ppeculattve undertaking. The experiences of similar enterprises iv the Colony haßfhown them to be not only dividend paying, bnt pro* duetiveof many collateral advnntHges to the producer ; minimising as they do nil charges, they necessarily compel merchants and shipowning firms to 'ower to a reasonable point their rp*es of profit, commissions, freights, &•■• The fact that the >'ew Zealand Fanners' Association of Canterbury (Oristcburch') last yrar had a total profit of £10,804 5a 5d to distribute, and that the Canterbury Farmers Assnoiatipn (Timaru) and other similar Associations are all in a most satisfactory financial ct ndition, f peaks for itself pb to the safety of Ihe capital to be embarked. The central position of the City 'of Wellington and its mngnificent capaoity for the. cheap distribulion of nrpruct«i to all [parts of the world, nrnrks it out prominectly as the Natural centre for the present Company's operations. The recent connection of the city with Nnpier on the East Coast, and New Plymouth on. the West Coast, by through line's ot railway, will enaH« the sett If rs in these distrfcls to thnre equally in the advantages, which will accrue to shareholders in the Wellington Provincial District from having at their door the best and cheapest harbour in the Colony as a distributing oentre, THE OBJECTS for which the -Association will be PB'ablished and powers , deemel neces ary iov its succeseful working are;— , (1) To carry on tbp business of a Co-operative Association in all its branches. (2) To buy and sell goods, stores, con..ummaUe mtie'es, chattels, and effects of all kinds. (8) To couduct the sales of the Association upon a cash basis. (4) To offer facilities to farmers for the shipment of their produce to the various markets of the world, and to appoint agents in different localities for the furtherance of this object (5) To purohase, take on lease.or In exchange, hire, or otherwise acquire any real and personal property, and any rights, patent*, or privi'eges necessary or convenient for the pur J pose of the Association, and warehouses for. the storage of grain and I produce of any kind, and any lind, buildings, easements, railway aidingß, machinery, plant, and stock-in-trade. (8) To oomtruot, maintai •■>, <and alter any buildings, machinery, engines; plant, nnd works that way be deemed by th* Direotors necessary, convenient, or fit f »r the purpose-* of the Association or calculated directly or indireotly to advanoe the interests of the Association or the members thereof. (7) To borrow or raise money by thei^siieofor upon bonds, deben. tureis, bills of f zchangfe, promissory note's, or other bb'igatio ; b ,or eecurites of the Association, or by i mortgage ' or charge of all or any part of the property of the Associationj or of its uncalled capital, or in suoh other manner as the Directors of the Ansooiation 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 find. ; undertake all ■or any part of thfl business, , property and -liabilities of, and to amalgamate with any other Association, Company, firm, or person ; the objectß of which shall be altoge her, or in jiart, similar to those of this Association. To invest moneys not immedjately required upon such securities as may frpm^iltf^ to time be approved of by th?» tftrectors".'" j (il) To make; advances to mem T bers 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, mortgage, dispose of, or otherwise <I> id with all or" any part of the property of the Association. : (14) To extend the operations of the Association in any «ii : tction which iitay feee'iti likely to'be.wtii. tno uieiithers thereof. 10.5) To do a 1 such other thing-s as'tire Irididewtal Or 'ednduuive t«» 'the jattflinment of the above uhjecra (*r any of them. ; Tiie preliminary expeus s aril .thbse altonding the promotion nnd registration of the Association will be paid by the Assori tion. . The liabiity of the uvniDeiVi is limited to the nominal value of the shares held by them. , Application for shares can be made to tho Secretary of the Company at nis Office^ National Mutual * ompany'sßuildiiiga ; or to the Brokers, at'their Offices, Exchange. Buildings,' Jrtnnbton«quay,