Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3835, 18 June 1891, Page 4

PBOBPECTUS iAUiance OP NEW ZEALAND* -(LIMITED). To be Incorporated under the Provisions of *>The Companies Act, 1882." .- i* ?,?~ ;i - The nominal capital of the Association wfll b»£2SO,WQ, -in 50,000 Shares of £5 eacb,-payable as follows, viz :—2s. 6d, on" application. 5s on allotment, and the remainder mCalte not exceeding 58 per Share, at intervals of not less than threeTmonths. It is not expected that more tlianil per share will benecessary. - The name*;of Ithjtt Association will be " Thb ahd FArareraVAi' LIABOE IjOOTED,'' and the."'-^V\:;V=.'. l: : v^ ■'■*'^ r -'l| y "' '*' JtEGISTERBPJ>FFIOE Of theeo'mpapy-wjU'behmJblieCity of WellingtbiU' =.:- "■ PBQJISIdNAIr^BEOTOBS.::/ The of .the Ass6ctt^n i^untfl;''the: \first \ General Meeting-: of shall hare been held) wflHee - WEEMNGTONi . '■ • '.;* ■ CtardEer■ ;Palmerston North-iJ; Oi Josepn; Beale,~ James cßeD* D. Boiclc;.TeiMintc-rJ, Smith.. ; S?AtfAIRABAPA; - Featferstdff f S- C^eman.'; Phillips; Puruatanga John : Martin, Junr.;; Jbbji Cameron; McCardle, Miller, Ueorpe Whitcombe. ;>;r:- - v.t .? -:-•■;:.;;;'.: .:•

t =s ;> -■--'"' Ferdeli—James W; Baker; Gampbelltown —Henry Sanson; Waveriy4^3eorge S. _ to •their number. ; ~ ;; ''■'''•■' ■'•'■■■■■■' : ■■ "■' : ""\ SOLICITORS Messrs. Monteath and . Stavely, .LambtonQuay, Wellington. ...... PROVISIONAL - SECRETARY Alexander Jardine. TEMPORARY OFFICE Is in Custom Houbo Quay (National Mutual buildings), Wellington.' • SBAREBBOKBRSMessrs T. Kennedy Macdonald and Co REASONS FOR THE FORMATIONOF THE ASSOCIATION. ; 1. The successful results achieved by New Zealand, notably by ".The Farmers Co-6perative'Association of Canterbury, ;*- ./>'.".; 2. The obvious advantage of an agency of.wbich" the "subscribing pioducer or consumer shall be not merely client but *v: c •.■-;■■■•■ •£••' These, and: other- considerations have induced the promoters'" toV invite sub.scriptiansjronvthe public in town-and country.". V:,.; -. --.■'.-'«.• ADVANTAGES of : thk ASSOCIATION ia projected at' the instance\ ; pf- Fafmsra.- ; and Producers gehe^^ralyfinprder to themjby co-operation, the.be.i>eJ|tsofJntochMgeJ which have Hitherto gone to" the jner-! chant and distributer alone.. s 1 By\'cooperationin ! iae 'formation of the Association the'farmer, tbe dairy-flax-mlllerV 1 the wdpr-g^we^^'other pro dacers, and We'Shariholdett.Kenerally may aellr their; produce, Mdj buy ■what theyj /pweralJyi.c9nßume; : ..'. v\}. the ■mofit:|KKo^l^l n arket!|<j!b';T 'i' ;^^: Association, after expenses,' will-belonjr to and be distributed amongst the Shareholders, Subscribersjwill thus, obtain for produce the fall Market value in the; Markets of the World, fubjectronly -£E expenaej^and^cerUmfixed percentage, in order to enable the Asaeciation to "pay a ividewJjnot exceeding r»«vetfper;J cent on.capital. ■■■'•■- [■■-■ ■ - '■* ■■•: '.-•? On the other handvthey will obtain goodsafc.wbolesalejprices. : - '»;• The Association w?ll collect and Bupply to Shareholders prompt and disinterested

advantages offered >by markets throughout the* worlds 4 -■> The Asßociation;wai.swk;.toiiaUy itself withotherkindred institutions,.and.bo, by sharing the "coat of Atrency' ii Home and Foreign Markets reduce cost, whih} increasing effidency to Shareholders:' * The profits of the Association, after payment to Shareholders of a dividend not exceeding "seven per centam upon the amount of the • paid up capital, wiU be divided amongst the Shareholders according to the airioiintof business done" by each:-bf otherwise -as .maybe fram : time to^.timeby;; a inajority of share-' holders at:- any- general meetiii? determided. ■.} "*' '■''■ '"-', '""'" it In alloting' the shares, the Directors will have regard to prioirtj of application and not more aUo WelUngton and'itsinasnifijent capacity tor the.chean dutributionpf products to "aIT partr jbf', the"world, : marks it but as thsiiaturil centre for the Napier;OT-^'.B«»t'Cbaßti / and;lKewßT mouth'Wtne West'Opast,': by\through liaes if railway, will enable the settlers jn these districts to share equally in th? which?will accrue-.to shareholders WellingtonProvincial District from having at • their door the best and cheapest Harbor in the Colony asm distabutang centre.•■■' I:* {-:;'*;: TjkW OBJECTS - <

Forwhich- the Association will be established and powers deemed necessary for its successful working are P.'■"•"; ' (1.) Tocai^^tbebutibess of a (Cooperative issociafion in all its branches, (2.)~T0 buy'-'and-sell goods, stores. consumable chatiels, and effects of all Mods. (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 furinerance of this object. (5.) To purchase, take on lease, or in. exchange, hire, or otherwise acquire any real and personal'; properly; T and toy rights, patents or privileges necessary oi convenient for the purpose of the AaW'i 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.' '■"'... • '.... ~..',.-r "■"',, -j (6.) To construct; maintain, and alter' any bmldimjs, machinery* engines, plant, j 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 membeia thereof. (7.) T&lfcmwjßrjawmaaey by the issue of or debentures, bills ot netes, or other obliga%n»;^?jß«mtwa;.oJE/ the Asacciation,prbyinortgage.o?aiarge.of ! bU or any part of the property of the Association, or of its uncalled capital, or in such manner as the Directors of the Association maytibink fit, ;^ (8). To make, accept, endorse, and execute Promissory notes, bills :of exchange,rand negotiable tastrui rcenta. ■■■■■---'■■-■ ■:..-'■ ■■■' '■ ■''■.■-'■■ ~ . ( ( j ) To purchase or otherwise acquire and nndeitakeall or any, part of rh basinesft property and liabilities of, an