SEASONS FOR FORMATION OF THE ASSOCIATION.

Manawatu Herald, Volume III, Issue III, 26 September 1891, Page 4

SEASONS FOR FORMATION OF THE ASSOCIATION.

of every description, all farm and station products and requisites, implero»nts, machinery, chattels, and effects of all kinds, upon such term* and conditions as the directors may from time to time appoint 3.- To afford fa ilities to the shareholders and constituents or the Association for, or to undertake for them the i-hipment of their produce to the various markets of the ■world, and to appoint agents in Great Britain, the other colonies, and foreign cot itries for the furtherance of this object. , 4, To make advances to tne members of the Association or any other person or persons upon real personal securities, as may from time to time he approved of by the directors, and to receive money on deposit at interest or otherwise.' s.— To sell, exchange, improve, manage, lease, mortgage, dispose of, or otherwise deal wilh all or any part of the property of the Association. ' • ADVANTAGES OF THE,ASSOCIATION. To secure to the farmers, graaers, and producers of the West Coast, by eo-operatson, the benefits of interchange, which have hitherto gone to &e 'agents or distributors a'one. By adopting the principle of cooperation in the formation of the ABeociaiioi;, farmers, graziers, flaxmillers, and all othi-r producers who are shareholders and. constituents, may sell their products and buy what farm and station requisites they j severally require in the most favourable markets, and at the same time share in the profits ot the Association, which, after payment of all expense*, will belong to and be distributed amongst the shareholders. the Association will collect and supply to the sharehold. rs agricultural and other statistics, prompt, disinterested, and re'iable information as to the state of and advantages Offered by the various markets throughout the world. Tne *?sociation will seek to ally itself with other kindred institutions, and"so,l)y sharing the cost of agency in British and foreign markets, reduce such co ts, while increasing correspondingly the advantages to 'shareholders. The profits of the Association, afterpayment to shareholders of a dividend not exceeding seven aud a half per cent, per annum, and after making provision for writing off so much of the assets of the Association as may be deemed advisable and providing foi a reserve fund will be div.ded ainong^ the shareholders, ju-cordinfj to the amount of bus.n- ss done by each with the Association, may from time to time be approved of by a majority of shareholders at a general mcc ing of the B s ociatio<> . The annual n ports of other similar Association* show the satiolacD.'ry financial results which muy bo attained, by such enterprises, aud induces the belief in the minds of the promoters that equally satisfactory results may be achieved in this part of the ooiony, and while offering v safe investment for capital, that the West Coast Farmer*' Co-Operntive Association may become, nol only a source of. profit to its shareholders and constituents, but also a great and permanent benefit to the farmers, graziers, and producers of the West Coast ge n oral ly . ; • J° HN STEVENS, ;_ : , •:;. ; Broker, Bulls.

!.— The obvious necessity that /» farmers and all Qther producer? resident ou the West Coast at' 'the *>North Island of Ne-w'ZeelariU, should be able to dispose of their w'oi/l-" frozen meat, grain, dairy produce. flax, fruit, and any other products at greatly reduced rates of commission, and be able to purchase all farni and station vequirerii Grits at cost price, plus actual ex, enses. : . , «; • g, — The successful reaulb achieve fey 00-operative Associations in othn. countries and in other parts of New Zealand— notably, by the Farmers' Co-Operative Association in Canter- ' tury. ■•■•■•. OBJECTS OF THE ASSOCIAT'.ON. ■$: ■ • The Association is established for : . the purpose of carrying on the bnsi;V. ness of aCo Operative AsKociatior '•} in all its branches, n.olu 'in<> tht- \ direct importation and supply of " iarra nnd other stTiti^v v^ qhisit^Wf a»>d the Memorandum and Art'clet of Association will enable the As-v ■ ciation, I.— »To pnrohase, lt-ape, exchange. hire, or otherwise acquire and sonstruct any laud, buildings, .warehouses fcr the storage of wool, pr,ain. and produce of every description, V sale-yards, railway sidings, macbin- **£ cry, all nece>sarv plant,, stock-in *-l£\ trade, merchandise, and all such -*'-v" other real and personal property as ti' by the directors lor the lime being ■_ ibtlL be deemed neces^ry or con ■■> ' Ttnient for carrying on the business «| the Association. I,— To l«ii eitnor by pttblio *tto* Mm •« by pvltfttn rttitrftoti Hto itook