Page 4 Advertisements Column 2

Manawatu Herald, Volume III, Issue III, 23 July 1891, Page 4

In allotting the shares, the directors will have regard to priority of .P.^Jcation,.. (ind^ not more thnn ToO shares will be ,; ..allotted, to any on* 5 perpon. In submitting an Afsocintion of j chis character to the public it is only necessary to p.ay that, jt ifl in uo 'pppculfttive nndfrtab'ng. The pxporipn^es of similar enterprises in t..d Wolony hasEhown thorn to be not onlv dividend paying, but pro- - sjioti \ : &pl r jMr)j .dp)U%e.l a'dVaVitH pes tn the produrer; minimising as* they do /ill cliai-ges, they rjpcessarily com* ppj me'rcliants r a^4 '^ljTppwnirig ; jfirm^, to' 'ower to a i'roa^pnable' point' their rnfesbf profit, commissions, freights, &■•. Thf fact that the New Zealand Farniers'^ssociation of Canterbury (C'riatclmrch") last year hod a total •profit of 5d to distribute, and thil'jtjib Caiter b"pry^fitnjeis '.Association (Timaru) and other simj'lkr' Afsociah'ons are all in a fiioSt satisfactory financial cf.rditi.m, epealvß for' itself a s to the safety of the capiJo be embarl ed^ r . ry - of vvelhngtcfPanrt Its mngmficent c»Arftycte-f jhe chf ap distribution ot pronM-Ho 1 all f parts of tie world, ninrka it J pTdmiiikitly • ; 9§ •' : tlienatural centre for the prcsr nt Company'B operations. Therecrnt connection of the city with Napier on ot mi Iw'ay.^ol ly«« na' Ie the sertlfrs /iS&MSltMjltlo plmre equally in a.ccrn^t^ ,in , tlie .^eJlijigl.oi^ Pep-. Tii-jQial^ietrict^om haVing at their door liie'besi and cheapest harbour in. .1 he Colony as n, distriLuting centre. „ ,: ■< „ (; THE,OBJEGT^. ., ,; „ for which the Association will; be ps'ablished and powers deem oil ne-ces-.aty _iot its successful working are: — .(;l)i To carry on the business of a Co-operative Association in all its branches. ■'■' .■•"' •:!'.'•'■'•' h" ■< ■.'-,'."• I;.' (2) To buy and sell ' gbodstj stores, con.ummable nrtie'esv chattels,' : a;nd "ffecfsofall kinds; • ' -■ ' (8) 'Wo' conduct, the 's^les of th;e 'A's'sooiaVion upon a casll basis. (4) JHcutfev facilities tQ fyvvggn ■.tobwp Ippmenfcfol 4heir;pro3B(ce to* tKe various" markets of* thd world, ( and r ,tp. appoint, agents, m different localities for^ the' furtherance of this object • v (5) Ttf'-ptiricfcase, take on lease, or in exchange, hire, or otherwise acquire any rpal and personal property, and any rights, patents, or privi e^es necessary or convenient. for the purpose of the Association, and ware. ; bouses for the storage of grain and .produce cf any kind, and any 1 md, '•Vuildings, easements, railway fid. incjfl|«iacliinery,, plant, Mi&stoO'^m[trade. ■ it -^ -rs , ."L %J?yL"*iJ? * j (6^ To construct, maintai , aud ajter any building - f Wfel el *'r enii^es, p'ant.'nftd^drks^thafiiiay be deemed by th" Directors necessary . ! ) Qpj)veuien.t, or fit f »r 'he purposes of Abe Association 6r : calculated! direetlv 'or indirectly to advance the iuterests of the Association or the iijembpM thereof. (7) To borrow or raise money by the i^slie of or upon bonds, debentures, bills of fxchange, promissory notes. ;or other ob igatip s oi 1 &ecu'«#s'! 'of the Asfioc'ia'tioil, or-'! 'Vy' ,niprtgage or charge of all or any part' of the propeHyi*i(tbfc'!Asi*jfeiaK tion. or of its uncalled capital, or in such other manner as the. .Directors [of the Association shall think fit. (8) j'l o mAk^wSfept.^en^p^ aud« execute prmnissoTy^ noW, Wifcr or exch.ifage, and other negotiable instalments. • -...'. (9), To purchase or otherwise acquire \sud'^wterfcake> r aC op « tany, part' of "the bnsine-s, property and liabilities of, nnd to amalgamate with any Other Association, Company, :#m, or person.;, tjiqybie^of'whteh 'shall bo altogether, or in part, similar to thosftDflrthip Asp^iation. diatefy required upon such securities as ra% from time to time be approved of by[the Director^ljg A.^ (llj) To muke advances to" 'members of the Association, upon such real br personal securities as limy from time to time be approved of by fch|\>irectors. r ; , [•j |•; (12) To receive money on deposit !at interest or otherwise. , , f -.'.;,- --(18) To sell, 'exdnfthlgd; impibvb, niaitoge, develop, lease, mortgage, dispose of, or otherwise ""dtiil with all or k any_pa4t of the Drpperty of theAs^MSAcT, aISA. r'.'A'-. (14) To extend the operations of the Association in any direction which ma? seein likely to benefit tbe members theroufrir>i:J> i ir. •:':;!■: >; r (16) To Ao a 1 such other things lasrare incidental or conttucive to the l a,i((Vinment of the above objects or £jny,' pf^themV-^ v. '!.Vi.n.| « : 'V;-t,:i preliminary expeuß-s and l i.h()^e attPiKling^the : pnVurot^u .iiud registration of the Association will -'be'poii! by the A.'-socr.'tloii'. ■''• The liahj^viofjl^, members is^ "lrmitbd to 8^?!. 1^ &hiireß helirt>y tueii). *"" **" ~ Applioatiou-fef ifiUfPesiCjiii be no^de to the Secretary of the Comiany at his Office, Nntiop^y-jMut^al -( ompanys'w Buildii ga ; l cr to tlie l^rokecs, it their Offices, Exchange liuldinga, Lamtton-quay,