Page 4 Advertisements Column 4

Wairarapa Daily Times, Volume XII, Issue 3820, 27 May 1891, Page 4

PROSPECTUS Whe (Jo-Operative & Farmers' Alliance OP 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 Shares of £5 each, payable as follows, viz :--2s. 6d, onapplication, 5s on allotment, and the remainder in (Jails not exceeding 5s per Share, at intervals of not less than three months. It is not expected that more than £1 per share will be necessary. NAME. The name of the Association will be " The Co-operative and Farmers' Alliance of Hew Zealand, Limited," and the REGISTERED OFFICE Of tne Company will be in the City of Wellington, PROVISIONAL DIRECTORS. The Provisional Directors of the Association (until ->the first General Meeting of: Shareholders shall have been held) will be WELLINGTON. m j City -J. C. McKerrow, Georjre H. Luxford, Joseph Saunders; Makara—T. H, Robinson. ' ' MANAWATU; ' Kereru—Robert Gardner jPalmerston North—J. O. Batchelar, Joseph Beale, James Bell, D. Buick; Feuding—J, Johnson ; Paikakariki—Frank Smith. ! WAIRARAPA. Feath'erston - Coleman Phillips ', Puniatanga John Martin, . Jupr.; Masterfcon—D. Carman, John Cameron ; Pahiatua Duncan Puckle, W. W. McOardle, Thomas Miller. Georpe Whitcombe. . west coast.- . ; '■• Fordell—James W^Baker; town —Henry Sanson; Waverly—George S. Bridge. With power to add to their number. SOLICITORS Messrs. and . Stayely,, :" Lambton Quay, .Wellington. PRO VISIONAL SECRETARY Alexander Jardine. TEMPORARY OFFICE Is in Custom House Quay (National Mutual buildings), Wellington. SHAREBROKBRS Messrs T. Kennedy Macdpnald and Co

REASONS;FOR THE FORMATION X)F#H» £ 1. The BUcSeisful results achieved by New Zealand, notably Farmers' 00-operative Association ;tof: .Canterbury, Limited." "" ' SK'i The obvious advantage of an agency of which the jjupscribing producer or consumer shall benot merely client but proprietor. These and other; considerations have induced the promoters far invite subscriptions from the public in town aud country. ADVANTA QcES of the ASSOCIATION The Association", 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 eo operation in the formation of the Association the. farmer, dairythe fruit-grower, the saw- miller and flax-miller, , the .wool-grower, other producers, and the Shareholders generally may Bell their, produce,, and buy what they severally consume, in the most favorable market?. -, 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 «f and advantages' offered by the various markets'throughout the world. The Association will seek to ally, itself with other kindred institutions, and so by sharing the cost of Apency in Home and Foreign Markets reduce qost, while increasing? efficiency to Shareholder. The profits of the Association, after payment to Shareholders of a dividend not exceeding Beven per centum upon the amount of the paid up capital, wi'l be divided amongst the Shareholders according to the amount of business done by eapn or otherwise as may be from time to time by a majority of shareholders at any general 'meeting determined, i In alloting the shares, the Directors will have regard to prioirtyof application and not more than' 100 shares will be alioted to any one person. la submitting an Association of this character to the public it is only neceesary to say that it is in no sense a speculative undertaking. The experiences of similar enterprises in the Colony have shown them tu be not only dividend paying, but productive of many collateral advantages to the Producer; minimising as they do all charges,, they necessarily compel merchants and ship-owning firms to lower to a reasonable point their rates of profit, commissions, freights, &c. The fact that the New Zealand Farmer's Association of Canterbury (Christchurch), last year had? istotal profit of £10,804 5s 5d to distribute, and that the Canterbury Farmers' Association (Timaru), and other similar Associations are all in 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 chean di*tribution of products to all parts of the world, marks it out. prominently as the natural centre for the present Company's operations: The recent conneo ion ■ of the; City with Napier on the East Coast, and New Plymouth on the West 3oast, by through lines ji 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 Harbor in the Colony as a distributing centre. TtiE 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 Cooperative Association in all its branches, (2.) To buy and sell goods, stores, consumable articles, chattels; and effects of all kinds. (3.) To conduct the sales: of the Association upon a cash basis. (4.).T0 offer facilities to, Farmers for the shipment of their produce to the mi: markets of the wprld, and .appoint Agents n the different localities or the furtherance of this object. (5.) To purchase) take on lease, or in exchange, hire! or otherwise acquire any Teal ana personal "property, aud any rights, patents or privileges necessary oi convenient for the purpose of the: Aesa ciation, and Warehouses for the storage of grain and produce of any kind, and any land, buildirgs, easements, railway sidings, machinery, plant, and stock in trade. (6) To construct, maintain, and alter any buildings, machinery, engines, plant, and works that may be deemed by the Directors necessary, convenient, or tit for the'purposen of the Association, or calculated directly «r„ 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 netes, or other obligations or securities of the Association, or by mortgage or charge of all or any part of the property of the Association, er of its uncalled capital, I or in such manner as the Directors of the Association may think fit, (8). To make, accept; endorse, and execute Promissory notes,/.bills of. exchange, and other' negotiable instru- . ments. (9.) To purchase or otherwise acquire * and undertake all or any part of the business, property and liabilities of, and *