Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3830, 11 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. 53 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 trill be " Tbts Co-operative ahd Faemebs' Al* ixahcb 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 (nntil the first General Meeting of Shareholders shall have been held) will he WELLINGTON. City—J. C. McKerrow, Geor?e H. Luxford, Joseph Saunders; Makara—T. H, Robinson. MANAWATU, Kereru—Robert Gardner ;Palmerston North—J. O. Batchelar, Joseph Beale, James Bell, D. Buick; Feildine—J. Johnson ; Paikakarikl—Frank Smith.. WAIRARAPA. Featherston - Coleman; Phillips; Pnrnatanga John Martin, . Junr.; Masterton—D. Carman, John Cameron ; Pahiataa Duncan Puckle, W. W. McCardle, Thomas Miller. Georpe Whitcombe.' i-' WEST COAST. Fordell—James W. Baker; Campbelltown—Henry Sanson; Waverly—George S. Bridge. With power to add to their number. SOLICITORS Messrs. Monteath and Stavely, Lambton Quay, Wellington. PRO VISIONAL SECRETARY

Alexander Jar dine. TEMPORARY OFFICE Is in Custom House Quay (National Mutual buildings), Wellington. SBAKEBROKERS Messrs T. Kennedy Macdonald and Co REASONS FOR THE OF THE ASSOCIATION. 1. The successful results achieved by 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 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 f ruitr-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 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, aHd a certain fixed per centage in order to enable the Association to pay a dividend not exceeding Beven 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 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 Acency in Home and Foreign Markets reduce cost;* while increasing efficiency to Shareholders. The profits of the Assooation, after payment: to Shareholders of not 4he amount of the paid up capital, wi'l be divided amongst the. Shareholders according to the amount of business done by each or otherwise as may be from time to time by a majority of shareholders at any general meeting determined. in aToting 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 Aesociation'of 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 paving, but productive of many collateral advantages to the Producer; minimising as they do all chanres, 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 XChristchurch), last year had a total profit of £10,804 5s 5d to distribute, and that the Canterbury Farmers' Association (Tiniam), and other similar Associations are all in a most satisfactory financial condition, speaks foe Itself as to the safety of the capital to be embarked. The central. position of the City of Wellington and its magnifisent"capacity for the cheao 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 Coast, 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 as a distributing centre. TtxE OBJECTS . For which the Association will be astablished 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 oint Agents n the different localities for the furtherance of this object. : (5.) To purchase, take on lease, or in exchange, lure, or otherwise acquire any real ana personal property, and any rights, patents or privileges necessary oi convenient for the purpose of the Asset ciation, and Warehouses for the storage j of grain and produce of any kind, and any land, buildir-gs, 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 nates, or other obligations or securities of the Association, or by mortgage or charge of all part of the prpperty of tie Association, or of -its nncalled capital, or in such manner as the Directors of the Association may think fit, (8). To make, accept,, endorse, and execute Promissory, notes,-.bflhi. 'of exchange, and instrumental --. 'jSJjj^V.-W: : '.-." 19.) To purchase or ouanose acquire and undertake all or ;**Np«tr of th business, property ana liabilities of, an