Page 4 Advertisements Column 2

Manawatu Herald, Volume III, Issue III, 25 July 1891, Page 4

In allotting the shares, the directors will have regard to priority of application, and not more than 100 shares will be allotted to any one perFon, . . ; , In submitting an Association of this character to the public it is only nfceegsary^tT t : Bay that it is -in* no sense a iepiculative "undertaking. The experiences pf similar enterprises in the Colony has shown them to be not only dividend paying; but produe, iveof many collateral advant*»gea to the producer ; minimisins as they do all' charges, they necessarily com* pel merchants and shipowning firms to lower to a reasonable point their rntes of profit, commissions, freights, &o. The fact that the New Zealand Farmers' Association of Canterbury (Cbvistcburch) last year hnd a total profit of £10,804 5s 5d to distribute, and^ that the Canterbury Farmeif -A ssbo/ation (Tinjaru), and/other sirjoi. iar are' B*ll in a moSl satisfactQry^naDcial condition, speakf for itself as : to the safety of the capital to be embarked, : : . The central position of the City of Wellington and its mngnificeni capacity for the cheap distribution oj grofiupt'^tc; all f parts oi the world, 'rnhlKa' lfr r Nt prcrafu^ntly^ali ihe natural centre fpr, the presfnt Comopefetipngi Tbe recent conneciion pf the city with JsTnpier on the E/isi Coast, and New Plymouth on {be \yest Cp^t,' by throiig'h lines 6i railway, will enable the sertlera in tbese-nlistricls to chare equally in the advantages, which will accrue to sharehqlders'in the Wellington Pro-vin4-{al.>Drßti!iot frpin haying ! at their door the best and cheapest harbonr in. the Colony, as a diatriLuting oeutre. ..: ! THE OBJECTS for which the Association will be established and powers deemed necessary for its successful working are: — ._,,.- . ._ '. ''.,'. ' ' '. ' " : (1) To. carry on. the, business of>a Co-operative Asaociation in all its branch.es, ■.-./. ; : . , (2) To buy and sell goods, stores, con.ummaMe artie'es, chattels, and tffeotsof all kinds. ■.-..■:.'. , .; (8) To conduct the sales of the Association • upon, a . cash basis. (4) To offer facilities to farmers fdr'Che fihipnienfc of their produce to the various' markets of the world, and lo appoint agents in different localities for the furtherance of this object (5) To purchase, take on lease, or in exchange, hire, or otherwise acquire any real and personal property, and any rights, patents, or privi e^es necessary or convenient for the purpose of the Association, and warehouses for the storage of grain and produce of any kind, and any -land, buildings, easements, railway sidings maohinery, plant, and stock-in-trade. ' (8) To cointraoiy maintaL, and alter any buildings, maohinery, engines, plant, and works that may be deemed by th« v Directors necessary, convenient, or fit fwr ihe purposes of the Association or calculated directly or indirectly to a»lvanoe the iuteresis of the Agßociation or the ruembers thereof, ?. i ■■:'■■'". ';'.[. '■ . (7) To burrow or raise money by the issue of or upon > bonds, debentures, bills of exchange, promissory notes, or other ob>igatio.*B ov securites of the Association, or by mortgage o|r .charge of all.or anypart of the-property of the. AssWa-. jbion,; or of its uncalled capital, or iv 9uph other manner as the , Directors of the Association shall think fit. '.i (8) /^m^be.a^epjbirendorsejiand execute promissory note*, bills of exchange, and other negotiable instruments. ' ■ •> (9) To piirohas^ i pr ; otherwise 'acquire and undertake all or any part o£, tbe p^n^B^pruperty jp.nd liabilities of , ani to ainalgaaaata /jvitb any; other Association, Company, firmj, or person ; thftobjects.pf which shall be altogeth^ l^^}^!, similar to those of this Aesociation. To invest moneys not immediately required upon such securities niay from time to time be approved <FW the Directors. ;.,; ? ; « ; • *• (fl) 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). T^receive money, on deposit at int'erest'or otherwise* (18) To sell, exchange, impiovo, manage, develop, lease, mortgage, dispose of, or otherwise dial with all or any "part of the property, of tbe Association. ic.1(14) To extend the oporati »ns of the Association in any direction Wjbich mt^'seW 1 likely iobeiiufit bbe' members thereof. (15) To" So a"l such-otber tlimg-r as are incidental or conducive: to cim attrtinment of the above olvjuots or any of them. . , The preliminary; expeim s anl those atuuiding the proinoti-.n aifd registration; ojt ,the Assooiatiou- will be paid by the Assooi.tioi). The liabi jty pf. the members is limited to the i-ouiinul value of tbe shares held by them. Application for shares cau be made to the Secretary of the Company ab his Office, National Mutual Company's Buildings ; or to tho Brokers, at their Offices, Exchange Buildings, Ittmbteo»qua/t