Page 4 Advertisements Column 2

Manawatu Herald, Volume III, Issue III, 21 July 1891, Page 4

In allotting tha shares, the ciirec* ' tors will have regard to priority I of fipplication, and not more than 100 shares will be allotted to any one perton. liv submitting an Association of this character to the public it is only necessary to say that it is in no ppnee a speculative undertaking. The experiences of similar enterprises in the Colony has shown them to be not only dividend paying, but productive of piany collateral advantages to the producer ; minimising as they do nil charges, they necessarily com* pH merchants and ehipowning firms to 'ower to a reasonable point their votes of profit, commissions, freights, &r, Thf fact that the New Zealand Farmers' Association of Canterbury (Oristchurch") last year had a total profit of £10,804 6s 6d to distribute, and that tbe Canterbury Farmers Association (Timaru) and other similar Associations are all in a most satisfactory financial ctnditi.ni, speaks for itself as to the safety of the capital to be embarked. The central position of the City of "Wellington and its magnificent; capacity for ihe cheap distribution of products to all Jparts ol the world, morks it out prominently as the natural centre for the presf nt Compane's operations. Tbe recent conneciion of the city with Nnpier on the East Coast, and New Plymouth on tbeWeßt Coast, by through, lines ot railway, will enable the settlers in these districts to share 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 districting centre, THE OBJECTS for which the Association will be established and powers deemed necessary lor its successful working are:— (1) To carry on the business of a Co-operative Association in all its branches. - . (2) To buy and flell goods, stores, cont>ummal>le aitio'es, chattels, and fffects of all kinds. (8) To conduot 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 tbe furtherance of this object (5) To purohase, take on lease, or in exchange, hire, or otherwise ac quire any real and personal property, and any rights, patents, or privileges necessary or convenient for the purpose of the Association, and ware, houses for the storage of grain and produce cf any kind, and any land, buildings, easements, railway eid« ings, machinery, plant, and stook -intrade. . (6) To construct, maintain, and alter any buildings, machinery, engines, pant, and works that may be deemed by thf'lJireotors necessary, convenient, or fit t»r <he purposes of the Association or calculated directly or indirectly to advance the interests of the Association or the members thereof, (7) To borrow or raise money by the issue of or upon bonds, debentures, bills of exchange, promissory notes, or other obligations or securites of the Association, or by mortgage or charge of all or any part of tbe property of the Association, or of its uncalled capital, or in such other manner as the Direotors of the Association shall think fit. (8) To make, accept, endorse, aud execute promissory notes, , bills of exchange, and other negotiable instruments. (9) To purchase or otherwise acquire ond undertake all or any part of tiie : imsineVs, ' property and liabilities of, and to ama'gamate with any other Association, Company, firm, or person; the objects of which shall be altogether, or in part; similar ; to those of this Association. 1 10) Tp ipvlat.moneyß not immediately required upon such securities as may from time to time be approved of by tfie Directors. ' „ " (11) To make adyanoesCto mem-, bers of the Association, upon such real or personal securities as may from time to time be approved of by (the pirectors. / , X ' (12) To receive money on depot.it at interest or otherwise. (18) To sell, exchange, improve, manage, develop, lease, mortgage, dispose of, or otherwise denl with all or any part of the property of the Assopia]tiqn.t " ■•■■-■. (14) 'To' ex"tend the operation*' of the Association in any direction which may seem likely to beudii the members thereof. . - ,\ (15) To do a 1 such other things ■as areiincidental or conducive to the attainment of che above objects or any of them., , c , ; ; The pri'liminarv expens s and thosy attending' the prompti m aud registration of the Association will be paiil by the Associ tipi>. I The liabi ity of the members i» limited to the nomiuai. value of the shares hell by them*- ' ■ > Application for shares can be made to the 6( the Company athis Office, National Mutual Company's Buildings ; or to the Brokers, at their Offices, Exchange Huildinga, Lftmbton'guay, <