Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XII, Issue 3816, 21 May 1891, Page 4

PROSPECTUS fV ; OF ' ■ ' '" ! The (Jo-Operatiye & Farmers' Alliance OF NEW ZEALAND, (LIMITED). . To be Incorporated under the Provisions of- "'The Companies Act, 1882/:. ! . CAPITAL.' The nominal capital of the Association will be £250,000, in 50,000 Shareß of £6 each, payable.as follows, viz 2s. 6d, 'on application', 5s 1 on and the .'remainder in Calls 'not exceeding 5s per Share, at intervals of not less than three months; It is- not expected that more tlian£l per share will be necessary. NAME. . The name of the Association will be " The Co-operative and Fabmers' Alliance of New Zealand, Limited,'' and the REGISTERED OFFICE Of the Company will bfe in the City of Wellington. PROVISIONAL DIRECTORS. The Provisional Directors of the Association (until the first General -Meeting of Shareholders shall have beeti held) will he i WELLINGTON. CityrJ. C. McKerrow, Georye H. Luxford, Joseph Saunders; Makara—T. H, Robinson. ' MANAWATU, Kereru—Robert Gardner ; Palmerstoh North—J. O. Batclielar,' Joseph Beale, Jambs Bell, D. Buick; Feilding—J, Johnson : Paikakariki —Frank Smith. I wairarapa. Featherston - . Phillips; Pnruatanga John Martin, Junr.; Masterton—D. Carman, John Cameron ; Pahiatua — : Duncan . Puckle, W. W. McCardle, Thomas Miller. Georpe Whitcombe. WEST COAST. Fordell—Jameß W. Baker ; Campbelltown —Henry Sanson; Waverly—George S. Bridge. With power to add to their number. SOLICITORS Messrs. Monteath and Stavely, Lambton Quay, Wellington. PROVISIONAL SECRETARY Alexander Jardine. TEMPORARY OFFICE Is in Custom House Quay (National Mutual buildings), Wellington. SHAKEBROKERS Messrs T. Kennedy Macdonald and Co REASONS FOR THE FORMATION

OF THE ASSOCIATION. 1. The successful results achieved by co-operation in other countries, and in New Zealand, notably by " The Farmers' Co-operative Association of Canterbury, Limited." 2. The obviouß advantage of an agency of which the subscribing pioducer or consumer shall be not merely client but proprietor. These and other considerations have induced the promoters to invite sub* scriptions from the public in town and country. ADVANTA SES OF THE ASSOCIATION The is projected at the instance of Farmers and Producers ge neraly, in order to secure to them by co operation, the benefits of interchange Which have hitherto gone to the merchant and distributer alone. By co operation in the formation of the Association the farmer, the dairyman, the fruit-grower, the saw-miller and flax-miller, the wool-grower, other .producers, and the Shareholders generally may sell their produce, and buy what they severally consume, in the most favorable markets. The profits of the Association, after payment of expenses, will belong to and be distributed amongst the Shareholders. Subscribers will thus obtain for produce the full Market value in the Markets of the World subject only to payment of expenses, and a certain fixed per centage in order to enable the Association to pay a dividend not exceeding seven per cent on capital. On the other hand they will obtain goods at wholesale prices. The Association will collect and supply to Shareholders prompt and disinterested information as to the state ef and advantages offered by the various markets' throughout ,the world. The,Aßßociation will seek to ally itself with other kindred institutions, and eo by sharing the cost of Acency in Home and Foreign Markets reduce cost, while iocreaain? efficiency to Shareholders, The profits of the Association, after payment to Shareholders of a dividend not exceeding seven per centHm upon the amount of the paid up capital, wi'l be divided amongßt the -Shareholders according to the amount of business done by each or otherwise as may be ; from time to time by a majority of shareholders at any general meetin? determined.

In alloting the shares, the Directors will have regard to prioirtjof application and not uwre than; 100. shares will be alloted to ahy one person. ; - : In submitting an Association of this character to the public it is' only riecessaiy to say that it ia in no sense a speculative undertaking. The experiences of similar enterprises in the Colony have shown thkn to be not only dividend paying, but productive of many collateral advantages to the Producer; minimising as they do all they necessarily compel merchants and sbip : owning iirms *<3 lower to a reasonable point their rates, of profit. commissions, freights, &c. The fact that the iNpw Zealaud Former's Association of Canterbury (Christchurch), last year had a total profit of £10,804 5s od to distribute, and that the Canterbury Farmers' Association (Timani), «nd other similar Associations are all iii a most satisfactory financial condition, 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 tor the chew distribution of products to all parts of the world, marks it out prominently &s the natural centre for the present Company's operations, Tta§ recent connec ion of the City with Napier on the East Coast, and New Ply* mouth on the West Coast, by through lines af railway, will enable the settlers in these districts to share equally in the advantages, which will accrue to share* holders in the Wellington Provincial District, from having at their door the best and cheapest.Harbor in the Colony as a distributing centra. TIaB OBJECTS

For which the Association will be established and powers deemed necessary for its successful working are : (1.) To parry on thebocinessof a Cooperative Association jn all its branches, (2.) To buy and sell goods, scores, consumable articles, chattels, and effects of all kinds. (3.) To conduct the sales of the association upon a cash basis. (4.) To offer facilities to Fanners for the shipment of their produce to the rious markets of the world, and fappoint Agents in the different localities or the furtherance of this object. (5.) To purcnase, take nn lease, or in exchange, hire, or otherwise acquire any real ana personal property, and any rights, patents or privileges necessary oi convenient for the purpose* of tjjo Ags» ciation, and Warehouses.for ths storage of grain and produce of any kind, ; and any land, buildings, easements, railway sidings, machinery, plant, and stock in tnde. • To construct, maintain,-aud alter any buildings, machinery, engines, plant, and works thai may be deemed by the Directors necessary, convenient, or fit for the purposed 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, Killn of exchange, promissory nates, or other obligations or securities of the Association, or Ijymortgage-or charge t>f all or any rparf ,of the; property, "of the Association, 5 er.fct itauncalled capital, or inauch manner as the DL.*ectora of the Association may think (8). To make, accept, fencbrse, and execute Promissory y>ills of exchange, and other negotiable lnstrumeiits. .'■■■ -J , - r (9.) To purchase or otherwise acquire and undertake all or any part of the business, property aud liabilitiesof, and