Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3828, 8 June 1891, Page 4

PROSPECTUS or The (Jo-Operative & Farmers' Alliance ■ OP NEW ZEALAND, (LIMITED). To be Incorporated nnder the Provisions of " The ' Companies let,' 1882." 'CAPITAL. The nominal capital of the Association trill be in 50,000 Shares of £5 each, payable as follows, viz :—2s. 6d, on application. 6s on allotment, and the remainder in Calls 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 ton' Fahitem' Alliance of Kev Zealand, Limited," and the REGISTERED OFFICE Of the Company will be in the Cityof Wellington. PROVISIONAL DIRECTORS.

The Provisional Directors of the! Association- (until , the first General Meeting of Shareholders . shall have been held) will be ?v r. . , t ; WELLINGTON. City—J. 0. 'McKerrow, George H. Luxford, Joseph Saunders; Makara—T. H. Robinson. ' MANAWATUv r -<IJ Kereru—Robert Gardner. ;Palmerston North—J. 0. Batchelar, Joseph Beale, James Bell, D. Buick; Feildinjj—J, Johnson : Paikakariki—Frank Smith. WAXRARAPA. ; Featherston; ~ Coleman.Phillips; Pnruatanga Maßterton—D. Cahnan, Joliri Cameron ; Pahiatua Dunam Euclile, W. W. McCardle, Thomas Miller, Ueorpe Whitcombe. TOST COAST. Fordell—James W» Baker; Campbelltown —Henry Sanson; Waverlv—(ieorge S. Bridge. With power to jidd to their number. SOLICITORS Messrs. Monteath. and Stavely, Lambton Quay, Wellington. PRO VISIONAL 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 obviousadvantageof 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 OFXHE ASSOCIATION The Associate n'is projected at the instance of Farmers and Producers generaly, in order: to secure, to them by. co-operatjcin,,ihe,bbnefits of interchange wMchhavehitoerio gone to the mer* cti&nt and distributer alone. By co operation in the formation of the; Association; thb„ farmer, ttie. dairy-:, mail] the fruit-growerj the'saw-iiiiUer and flax-miller, the' wool-grower,' other, producers, and the, ShaVehoiders generally may Bell their produce, and what' they severally consuiue, '.ln the most V J \'.y The profits. of the Association, after payment of expenses, will belong to and be distribute! amongft the Shareholderßl Subscribers will thus obtain * fpr produce the fuU Marlcet value in the Markets of the World subject only of expenses, and ascertain 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 ;if 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 A?ency tin Home an<fForeign Markets reduce cost, while in creasing efficiency to The profits 'of the Association, after payment to Shareholders of a dividend not., exceeding' seven per centum upon the amount of, the paidup capital, wi'l be divided amongst the Shareholders according to the-amoiiiit of business doie by each or otherwise as ..may be from time to time by a niajonty of placeholders at ■ a^y'general meeting determined! ~ ' in alloting the shares, the Directors will have regard to prioirtj of application and not more than 100 shares will be alloted to any one person. In submitting, an this character tothepubliejt is only necessary to say that it is in no sense a speculative undertaking. The experiences of similar enterprises in the Colony have Bhown them to be not only dividend paying, but productive of many collateral advantages to the Producer; minimising as they.do aU charpes, they necessarily compel merchants and ship-ownipg firms to lower to a reasonable point their rates of profit, commissions, freights, &c. The fact ,tfiat ( . th? . £few Zealand "Farmer's" - Aisocitrtion of Canterbury (Christchurch), last year had a.total,, profit of 5s 5d to jndj? that tie. Canterbury Farmers' Association * (Timam), and other similar Associations are all in a most satisfactory financial condition, speaks for itself as to the safety of the<»pital to be embarked.

The central of ths City o2 Wellington anditr iiktfnifi je nt' capacity tor the cheap distribution of products to all" parts of tlie world, marks it out prominently as the natural centre for the present Company's . operations; The recent connection. of the City- with Napier on tie East Cogst, .and Plymouth on the WeatOoaaVby through lines of railway,' will, enable the settlers in these diatricts io 'ihare equally in the advantages, which will 'accrue to shareholders in the Wellington Provincial District from having.'at their door the cheapest HarbOr in the Colony as a distributing centre. TiiE /OBJECTS - For which the Association will be established and po wen deemed necessary for ifcs successful workingare: (1.) To carry on the butiness of- a Cooperative Association in all its. branches, (2.) To bay and sell etoods, 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 purchase, take on lease, or in exchange, hire, or otherwise acquire *ny real ana personal. property, and any rights, patents or privileges necessaiy oi convenient for the purpose of the' Association, and Warehouses for the storage of grain and produce of any kind, and any land, buildirgs, easemeuts, railway Hidings, machinery, plant, and stock in trade.

(6.) To construct, maintain, aud 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 diredtly 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 nates, or other obligation* or--- securities of the Association, or by.mortgage:or charge bf all or any part of the property of the Association, or of it? uncalled capita], or in such manner as the Directors of the Association may think fit, . ' (8): To make, accept, endorse,- and execute Promissory notes, bUk of exchange, aud othet. negotiable ipatrumenta. . ; . (y.) To purchase or otherwise acquire and undertake all or .any part of th business, property and liabilities of, an .