Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3831, 13 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 wfll-bS\ £250,000, in 50,00p Shares of £s.each,, payable as follows, viz :—2s r ; 6d,. on Application. 5s on "allotment, and the rejnaioder hi Calls not'exceeding 5s per Sfiare, at Intervals of not less, than, three monthß. It is not expected that more than£l per share will be necessary. NAME. ' The name of the "Association will be "The Co-opkraote-akd Farmers' Alliance ofv New" - Zealand, Eimixed," and the .. REGISTERED OFFICE Of the Company ,will,be in the City of Wellington. ? PROVISIONAL DIRECTORS. |fhe ; Prpyiaional..Directors of the Association Jflntil the first General Meeting of "Shareholders shall, have been held) will-be :.. , . , \V^LIJ[NGIpN. City—J. C. MoEerrow, Geor?e H. Luxford, Joseph Saunders; Makara— T. H," Robinson.' : r ,*..* • Kereru—Robert Cterdner ; Palmerstbn" North—J. 0. BatcheTar, Joseph BeiUe, James Bell, D. Brick; Johnson ; Paikakarikt—Frank Smith.; , WAIRARAPA. Featherston - Coleman Phillips; Pnruatanga , John Martin, - Junri ; Masterton—DJ Carman, John Cameron ; Pahiatua Duncan Puckle, W. W. McCardle, Thomas Miller... Geor?e Whitcombe.-I• ••"• -&'%"£ - -WESTiGOAST. y >ir-

Fordell—James W. BakerrGan»phell-. tewu— Henry Sanson; S. Bridge. With power to add to their number. SOLICITORS . Messrs. 'Moriteath and Stavely, Lainbton Quay, Wellington. PROVISIONAL SECRETARY. Alexander Jardine. TEMPORARY OFFICE Is in Cmtom House Quay (National Mutual buildings), Wellington. *SHAREBROKERS Messrs T. Kennedy Macdonald and Co

REASONS tfOR THE FORMATION . OF THE ASSOCIATION. 1. The successful results achieved by co-operation in other countries, and in New Zealand, notably by "The Farmers' Cooperative Association of Canterbury, Limited." », .» 2,' The obvious advantage of an agency of which the.-'suoacribing pioducer 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 aud country. ■- : - •■ ADVANTAGES ofthe 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 cooperation 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, aud buy what ; th'ey; "severally .consume, in the most favorable markets.' The profits of the Association, after payment of expenses, will belong to and bedistributed amongst the Shareholders. Subscribers will thus obtain for produce the full Market value in-the Markets of subject only to payment of expenses, anda certain fixed percentage in order tu 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 Twill collect andsupply to. Shareholders prompt and disinterested iiiformatipn as *to> the state «f' and advantages offered by the various j markets"throughout the world. • with other kindred 'institutions; arid so by sharing the cost of Aeency in Home and ; Foreign Markets wMe| indnAuin? efficiency to Shareholders.' - The profits of the Association, after payment to Shareholders-of a dividend not exceeding seven per Centura upon the amount,off the pay! up capital, wW be divided amongst the Shareholders according to theamouut of business done by each or otherwise as may ~be front time to time by a majority of shareholders at any general ; ..meetin? deter-1 mioediv'^"'•.: ; i-* ■<-•*%!"*■* '-'■■ In alloting the shares, the Directors will have regard to p'rioiitsof application and not more than 100 shares will be alloted to any one person. la. submitting an Association r of this character Wthe public it is only necessaryto say that it is" in no sense a speculative undertaking. The experiences of similar enterprises in the Colony have shown them to be nob only dividend paying, but" productive of many collateral Advantages to the Producer; minimising as they do all charees, 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 Hew Zealand' Farmer's ~. Association ' of Canterbury (Chfistchurch), last year had a total profit of £10,804 5s 5d to distribute, and that the Canterbury Farmers' Association (Timara), and other surilar Associations are all in a most eatisfactory, financial condition, speaks for itself as to the safety of the eapital 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 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 liaes 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 4rom having at their door the best and cheapest Harbor in the Colony as a distributing centre: TiiE OBJECTS For which the' Association will be astablished and powers deemed necessary for its successful wprking are : (1.) To carry oh thebukihess of a Cooperative Association in all its branche?, (2.) To buy? irib? ;J&^jko^ds, : : store* consumable articles,"chattels, and effect* of alHriridr. s ' *~ r ' ,r " ' """"'' (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 funherance of this object. (5.) To purcnase, take on lease, or in exchange, hire, or otherwise acquire any real ana personal property, T and any rights, patents or privileges necessary oi convenient for the purpose of the Absb 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 by the Directors necessary, convenient, or lit 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 ot exchange, promissory nates, or other obligations or securities of the Association, or by mortgage or charge of all or any part :of jthe property of the Association, or of its uncalled capital, or in such-manner as theDkectorsof the Association may think fit, (8). To make, accept, endorse, and execute Promissory notes, bills of exchange, and other negotiable Instruments. ..'•'*'-■' • (9 > To purchase or otherwise acquire and 'undertake all or> anyTtout, ¥*h business, property and liabfljtiei ©f^