Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3827, 4 June 1891, Page 4

PROSPECTUS The (Jo-Operative & Farmers' Alliance OF NEW ZEALAND, (LIMITED). To be Incorporated tinder the Provisions "f VThe; Comp.inies Act, I 1882." '. j .CAPITAL. ! The nominal capital of the Association will be jE250,000, in 50,000 Shares of £5 each, payable as followe, viz :—2s. 6d, on application', os on allotment, and the remainder in Calls not exceeding 5s per Share, at intervals of not less Chan 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-ofkbative 1 and Fabmbbs' AiiiiANCß of New Zealand, Limited," and the ; . REGISTERED OFFICE Of the' 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,

City-J. C. McKerrow, Georpe H. Luxford, Joseph Saunders; Makara—T. H, Robinson. ' . MiNAWtfTtJi -• . Eereru—Robert Gardner; Palmerston North-—Jr 0. Batchelar, •; Joseph Beale, James 8011, -D.'Boi|kj Johnson; Paikakaifikl-i*Frank Smith. WAiRARAPA. - Featlierstoui'i -c~ : Coleman :• r PaUHpa; Poruatanga John Martin rc . ,r ljunr;; Masterton—D.' Carman, John Cameron'; Pahiatua McCardlff, Thomas Miller, Georpa Whitcombe. ' - ..',•< " WEST COAST.. ~,; Fordell—Jamea' W,.. Baker,.; Campbell* town —Henry SahBOB j Wayerly—George is. Bridge. SVith power to add to t"heir number. '\> ,' ' ;.., 't..*. SOLICITORS Messrs. Monteath and Stayely, Lambton Quay, Wellington, PROVISIONAL SECRETARY Alexander Jardine. TEMPORARY OFFICE

Is in Custom House Quay (National Mutual buildings), Wellington. SHAKEBEOKEBS 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 obvious advantage of an agency of which the subscribing producer 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., ADVANTAGES ofthe 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 co-operation in the formation of the Association the farmer, the dairy* man, 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 paymeutrof 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 expensesV&Hd 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 (he■ state ef and advantages-j 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 Agency in Home and Foreign' Markets reduce cost, while increasing, efficiency, to Shareholders. The profits of the Association, after payment to Shareholders of a dividend not exceeding: seven;per centum.upon the amount of the paid up capital, wiU be divided amongst the Shareholders according to the amount of business done by each or otherwise as may be from time to timebyw'a of shareholders at 'any tjjeneral meeting deterV mined. »i- Jtj- ■■■>- ''■•- ''- "■— : - * • In allotiog the shares, the Directors - will have regard to'prioirtj of application and not more than-100 shares 'will be alloted to any one person^ la submitting an Association^!,this character to th'epublic it is orily.necessary to say that it is in-no sense a speculative undertaking.. The experiences of similar enterprises in the Colony have shown them tube 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 pout their rates of profit, commissions, freights, &c. The fact that the . JNew Zealand Farmer's Association of Canterbury (Christchurch), last year had a total profit of £10,804 5s 6d 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 distribution of products to all parts; of the world, marks it out prominently as the uatur j centre for the present Company's operations. The recent connec ion of the City with Napier on the East Coast, and New Plymouth on the WestrSoastj by through lines oi 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. ii±ti ÜBJECTS 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.) To offer facilities to Farmers for the shipment of their produce to the various markets of the world, and pp omt agents ut the different localities for the furtherance, of. this object. (5.) To purcnase, take on 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 the Association, and Warehouses for the storage 1 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 fit for the purposes 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, 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, or of its uncalled capital, 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- j menis. -., i~ .S v ' « (y.) To purchase or otherwise acquire and undertake all or any part of th bue jdcee, property and liabilities of, an