Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3827, 5 June 1891, Page 4

PROSPECTUS -- °r The Co-Opcrative & 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 Shares of £5 each, payable ail follows,' viz :—2s. 6d, on application. 5s on allotment, and the remainder in Calls not exceeding. 5s per Share, at intervals of not leu than three months, it is not expected that more than £1 per share will be necessary. NAME. The name of the Association will be " Thk Co-operative asd Fa'bmkbs' Alhahens of Hew Zealand, LiMiraD,'.' and the REGISTERED OFFICE Of tbe Company will beiathe City of Wellington. PROVISIONAL DIRECTORS. The Provisional Directors .of the Association (until* the first General Meeting of tiharehoklen shall have been held) will fee WELLINGTON. City O.' McKerrtw, George H. Lnxford, Joseph Saunders; Makara—T. H, Robinson. V s MANAWATU, Kerero—Robert Gardner, ;Palmerston North—J; O. Batchelar, Joseph Itekle, James Bell, D. Baick| ; Feildlni?—J, Johnson; Paikakariki—Frank Smith. WAIRARAPA.

Featheraton Coleman Phillips ; Puruatanga John Martin, .Junr.i Masterton—D. Carman* John Cameron ; Pahiatua Duncan Puckle, W* W. McCardle, Thomas Miller, Georee Whitcombe. v " West coast. Fordell—James W.Baker; Campbelltown —Henry SansoajW 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 Rational Mutual buildings), Wellington. ' sharebrokbrs Messrs T. Kennedy Macdonald and Co REASONS FOB 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 subscriptions from the public in town and country. ADVANTAGES OF the ASSOCIATION The- Associaticn, is projected at the instance.of Farmers and Producers generaly, 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 froit-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 tpid 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 Asseeiation 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 by .-the various, markets throughout.the world.' • ■ The AssbriauoiTwili 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 efficiencytoShareholders. 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, wi'l be divided; amonggtthe' Shareholders according to the amount of business'done by each orotfaiierwise as inay be from time to time by a majority of shareholders at any general meetkifr-deter-mined.- . _ :

In alloting tbe shares, the Directors will have regard to prioirtj of application and not more than 100 shares will be alloted to £ny one person. Ia submitting an this character to the public it is only necessary to say that it is in no sense a speculative undertaking. The experiences of similar enterprises in the Colony have shown them to be , not only dividend paying, but prodnctive of many collateral advantages to the Producer; minimising as they do all charrea, they necessarily compel merchants and ship-owning firms to lower to a reasonable poult their rates of profit, commissions, freights, &c. The fact that the Mew Zealand Farmer's Association of Canterbury, (Christchurch), last year had a total profit of £10,804 ss'sd to distribute, and that the Canterbury J Farmers' Association (Timaru), and ether 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 natural centre for the present Company's operations. The recent connection of the City with Napier on the East Coast*, ahd New Plymouth on the -West Ooast, by through lines of railway, willenable the settlers in these districts to share equally in .the advantages, which will accrue to shareholders in the Wellington Provincial District from haying at their door the best and cheapest Harbor in' the Colony as a distributing centre. T±iE OBJECTS For which the Association will be established and powers deemed necessary for its successful working are : (1.) To carry oft the business of. a Cooperative Association in all its branches, (2.) To buyand 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 oint Agents n the different localities for the furtherance of this object. (5.) To purcnase, take on lease, or in exchange, hire, or otherwise acquire any real and personal property, and any rights, patents or privileges necessary oi convenient for the purpose of the Asae< 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 thai may be deemed bp tbe Directors necessary, convenient, or fit for the purposes of the Association, or calculated directly or indirectly to advance the interests of die Association or the members thereof. (7.) To borrow or raise money by the issue of or npon 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 Promissoiy notes, hill« of exchange, and other negotiable <n»tru. ments. (9.) To purchase or otheorjkTacquire and undertake all or ;«ny part of-th business, property and liabilities of, an