Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3833, 16 June 1891, Page 4

PROSPECTUS The Uo-Operative & Alliance OP NEW ZEAIiAND/\(IJanTEI)). 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 an:follows, viz :-f-2s. €d, on application. 5s on allotment, and the remainder in GalJs 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 "Th» Co-oThiiairj&jsb FiisraHs.' Arxiavce of Hxw Zealand, Limited," and the REGISTERED OFFICE Of the Company, will be in-the City of Wellington. PBOTISIONAL DIRECTORS. The PrDviaional Directors, of - the Association (until the first' General Meeting of Shareholders shall have been held) will be > WELLINGTON; City—J. C. McKerfbw,' Georpe H. Lnxford, Joseph Saunders ;f Matara—T. H, Robinson. . ' ' ' • MANAWATU, • Kereru—Robert Gardner jPalinerston North—J. Oi Batchelar, . Joseph Beale, James Bell, D. Buick;- vFeUdinitf^-J;,' Johnson ; PaikafcariM—-Frank Smith.' WAIRARAPA.

Featherston -- Coleman Pbilhpa; Pnrnatanga —. John Martin, Junr.; Masterton—D. Carman, John Cameron ; Pahiatua Duncan Pudde, W. W. McCardle, Thomas Miller. George Whitcombe/ WEST COAST. Fordell—Jameß W. Baker; Campbelltown —Henry Sanson; Waverly—George S. Bridge. With power to add to their number. SOLICITORS . Messrs. Monteatti and Stavely, Lambton Quay, Wellington. PBO VISIONAL SECRETARY Alexander Jardine. TEMPORARY OFFICE la in Cuitom House Quay (National Mutual buildings), Welhngton. SHAREBROKEBS Messrs T. Kennedy Macdonald and Co REASONS FOR THE FORMATION 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 pidducer or consumer shall be not merely client but proprietor.- ; " - T ' These and other considerations have induced the promoters to invite subscriptions from the public in town and country. ADVANTAGES of the ASSOCIATION The • Associatim* is' projected at the instance of Farmers and Producers ge neraly, in order to secure to them by co-operatien, the benefits of interchange which have hitherto■ gone to - the ' merchant and distributer alone.'' ■

By co operation in the formation of the Association the fanner, the dairyman, the fruit-grower, the saw-miller and flax-miller,; .the wool-grower, other pro ducers, 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, and a certain fixed percentage in order to enable the Association to pay a dividetid 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 «f and advantages offerecl" by the yarious marketa throughout The Association will seek to ally itself with other kindred institutions, and so by sharing the cost of Arcncy in Home and foreign Markets reduce cost, while increasing efficiency to 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 amongst the Shareholders according to the amonut 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 alloting .the shares, the Directors will have regard to prioirtjofiipplicatioii and not more than 100 shares will be alloted to any one person. la submitting an Aesociation'of this character to the public it is only necessary to say thafcit is in no sense undertaking;' The experiences of similar enterprises in the Colony have shown them tube 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, Ac. , The fact .that the Mew Zealand Farmer's ..Association of Canterbury (Chrlstchurch), last yea; had a total profit of, £10,804 5s 5d to distribute, and that the Canterbury Farmers' Association' (Timaru), and other 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 Wellingtonand-ite magnificent capacity tor the cheao distribution of products to all parta of the ; world, marks it out prominently as the natural centre for the present Company's operations. The recent connection >.ooff f .the-Crfy. with Napier on the-East Coast, New' Ply month 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. " ' TiiE OBJECTS For which- the Association will be established and powers deemed necessary for its successful working are : (1.) To carry on the holiness of a Cooperative Association in all its branches, (2.) To buy and : sell goods, stores, consumable, articles, .chattels, and effects of all fifldsjni pA '■:'■'■ ' :; (3.) To conduct the sales ;of ? the Assccjatibn basis. (4.) To offer facilities to Farmers for the shipment of their produce to the various of the world, and for the furtherance of this object, (5.) To purchase, take on lease, or in exchange, hue, or otherwise acquire any teal and personal property, and any rights, patents or priinleges necessary oi convenient for the purpose of the Asseelation, and Warehouses for the storage of grain and produce of any kind, and any land, buildirga, 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 bjr 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 6r raise money by .the issue of or .upon, bends, debentures, bills or exchange, promissory notes, or other obligations or securities of the Association, or by mortgage or charge of all or any part of the preperty'of the Association, or of its uncalled, capital, or in such manner asthe Directors of the Association may thipk fit, .. ;,./ . (8). To make, accept, endorse, ; and execute -Itomissory notes,,; bflhi. of exchange, and other negotiable Instruments. .'". . ' (9.) To purchase or otherwise acquire end undertake all or any part of th property and Jiabjfitiea of, an