Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3828, 9 June 1891, Page 4

PROSPECTUS The (Jo-Operative <& 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 in 50;000; Shares of; £5 each, payable as follows, viz :—2s-. 6d, on application. 5s on allotment, and! the remainder in Calls not sxceeding ssj per Share, at intervals of not less than] three months. It is not expected that more than £1 per share will be necessary.: V: NAME. The name of the Association will be: " The Co-operative asd Farmers' Al-| liasoe of New Zealand, Limited,"; and the REGISTERED OFFICE ! Of the Company will be in the City ofj Wellington. i PROVISIONAL DIRECTORS. j. The Provisional Directors of the; Association (until the first General' Meeting of Shareholders shall have; been held) will be . • WEIiINGTON. ;: i;i City—J. C. McKerrow, Georpe H.ij Luxford, Joseph Saunders; Makara—T-i H.Robinson. ij MANAWATU, .... Kereru—Robert Gardner; Palmerstoni North—J. 0. Batchelar, Joseph Beale,> James Bell, D. Buick; Feildinjj—J,| Johnson; Paikakariki—Frank Smith; j WAIRARAPA. j Featherston' - Coleman ; Phillips; Pnruatanga —= John Martin, Junr.:. Masterton—D. Carman, JohnTJameron;! Pahiataa —~ Dtinean PucWef W. W.! McCardle, Thomas Miller. Gebw'e" Whitcombe. i WEST COAST. Fordell—<Tames W. Baker ; Campbelltown—Henry Sanson j Waverly—Georgei S. Bridge. With power to add to their! number. .SOLICITORS

Messrs. Monteath and Stavely, Lambton Quay, Wellington. PROVISIONAL SECRETARY Alexander Jardine. TEMPORARS OFFICE Is in Custom House Quay (National Mutual buildings), Wellington. SHAKEBBOKKRS 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 subscriptions from the public in town and country.. ADVANTAGES ofthe ASSOCIATION The Association* ib 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 cooperation 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 inest favorable .markets. ; The profits of-. the Association, after ayment of,expenses, will- belonjr to and e 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. percentage 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 Araociationwill collect artdstjpply to Shareholders prompt and disinterested, information ail: |p? the- state i>f and auranttgeii Zoffeted i»rketßthroughout ; the-worict.--" '• '&' ■ The Association will seek to ally itself with ptber kindred • institutions,,and so' by sharing the cost of Acency in Home and Foreign .Markets reduce cost, while increasing efficiency ix> 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, wi'l be|divided amprigst the according to the amount of business done by each or otherwise as may be from time to time by a majority of shareholderslit; any general meeting deter-1 nfiiied. ' , ■■■■-•- j

in alloting the shares, the Directors <rill regard to prioirtrj of application and not 1 more than 100 shares will be alloted to any one person. . la submitting an Association'of this character to the public it is only necessary to say that it is in 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 JNew Zealand Farmer's Association of Canterbury (Christchurch), last year had atotalprdfit of £10,804 5s 5d to distribute, and that the 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 capital to j 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, and New Ply mouth on the West doast, by. through lines of 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 j as » distributing centre." TnlS 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 artieiesj chattels, and effects S?r (3.) To "copduct 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 puronase, take on lease, or in exchange", hire, or otherwise acquire any real ana personal property, and any riyhts, patents or privileges necessary oi convenient for the purpose of the Asse ciation, and Warehouses for the storage of grain 'and produce of any kind, and any. land, i buildirgs, easements, railway siding*, machinery, plant, and stock in trad*. (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 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 netea, or other obligations or securities of the Association, or by mortgage or charge yf aHnes'say -part of the -property of the Aasoeiataon, or of its uncalled capital,, or in such manner as thcrDifectors of the Association may think fit, (8). To make, accept, endorse, and execute Promissory notes, bills of exchange,,and othernegotiable mstruiy.) To purchase , or otherwise acquire } and undertake, sjlior a»§ pait of th • b^ift»,.property and IMlttimx& t ts J>