Page 4 Advertisements Column 1

Wairarapa Daily Times, Volume XII, Issue 3836, 19 June 1891, Page 4

PROSPECTUS Tbe JUo-6p€fl»tive & Fantfera' jMliatice OF MEW ZEALAND, (LIMITED). To be Incorporated -nndwr the, Provisions of "The Act, 1882." i ,-.'^vC,.'«l« i i-S^v CAPITAL.' The nominal capital of the Association will bo £250,000, in 50,000 Share* of £5 each* oayabla as follows, viz :~2». 6d, on applications Baron.allotment, iand the remainder inlCalla inc* exceeding 5r pet Jotervali of not lew than three months';* It is riot expected that more than £1 per share will be necessary. .-;..- NAME.. ~-.- ~, The name of th£ Association will be "TaaCo-orMxiam urn Fabmmbb' Air UAHCI OF ZIALAMD, LUOTKD," and the • "^ REGISTERED OFFICE Of the Company will be in the City of Wellington," * /: PBOVISIONATDIKEOTORS. '< The PnvisioHal Directors of-the Association.'(until the first General Meeting of" Shareholders ' snail . hate been heH)%ill be MeKerwirj^ :Qwifa, H. Laxford, Joseph Saunders; H. Robinson. ;'m— : vV Kereru—Robert Gardner ;Palmerston Norths. o. : Batchelar, Joseph; Beale, Joluison Y;P«ikakarikt—F«ok Smith. * FeatheraUm. -, Coleman r Phillips; Puruatanga John. Martin, - Junr.; Pabiatua— r ' PncWe, W.- W. McCaidle, <" Thomas Miller. Georee WhitcombersvK- r v .'-. ■■""••! •. .v WEST COAST; FerdeU—Jamea W. Baker; Campbelltown—Henry Sanson; Waverly—George S. Bridge. With power to add to their number. •■■■? . SOLICITORS: r Messrs. Monteath and Stavely, Lambton Quay, Wellington. PBO"vTSIONAL SECRETARY ,. '-■ Alexander Jardine. TEMPORARY OFFICE . ; , Is in Ctutoiu Bouse Quay (National Mutual auQdings), Wellington. j SHAREBBOKEBS Messrs T. Kennedy Macdonald and Co REASONS FOR THE FORMATION OF THE ASSOCIATION.

1. The successful results achieved by notably by " The FMmera' Co-operative Associati6n,pf Canterbury, Limited." u '"' ';"*'.'". -..'*•-' :-,, 2. The obvious advantage of «n agency, of wracl "the pipducer' or coiuumer shall be not merely client but proprietor. r v ."..'."'."""VS ""...;'■"< -':....,'. These and "other considerations hare' induced the promoters, to invite aubr Bcript\o_ns from thg public;in town and ADVANT thbASSOCI ATION The AsikraaMcn* ia prbjected at the instance; T "bf. Feirme^ : and, Prcdncera generaly,in order to secure to themby cooperation, the benefits of iuterchange which have hitherto gone*to the niercbantmhd'anfaibuteralone. *■ %: -- • By co-operationin the -formation of the Association the farmer, the dairyman, the fruit-grower, thejMw-imUer and -flu-mlUw y /tvtne ~ wciol-grpwer r; :? other pro ducers, and the Shareholders generally may sell their produce, and bay, what they, severally consume, in the most layorabbt markets. ... .- -,., : The;groJs|a^vfN»rAj^?^9«-^^ Kyme"ut ! flf. expenses,-will belong to and. dißtnbuted amongst tbeSharebplders, thus obtain for produce the fuU Market value m the Mejrketa of the Wo'M raTijeOToniy"i<i> 'of, expenses, anda'oeirUinfixed percentage in order to . enable AeAßMiciafaoii.io pay a jilvidind not exceeding seven per cent on capital.. ' ~;;,". - „..=>;■;■ On the other hand they ; will obtain goods at wholesale prices. The* rt ■■nmstiooiWiU ooaect«>d«igpjy to Shareholders prompt and disinterested information as state and advantages markets throughout the world. The Association *ili seek to ally itself with other kindre?l_ institutions,,and so by sharing the cost of Agency in' Home and Foreign Markets reduce cost, while intsreasiiu?efficiencytoSharehoJders. ; The="pro6tß of-&e Association,. after payment- to Shareholder* of a dividend not exceeding--seven per centum upon the amount of the' paid up capital, vri'l be oHtided-amoflget the/SharehoWera according to the amount of business done by each : -w otherwise' 1 as taay be ; r»ox time to time ljy-*ii' majority'-''of shareholders at any general meeting determined. .'. * : ' : ' *

In allotrog -the shares, -the Directors yrill haveregard to prioirtjof application sod not more thao- 1W shares will be alloted to any : t "'> Io this character to the public it is bpljnecessary to say that it is-in ndseneea speculative undertaking. The experiences of similar enterprises in the Colony' have shown them to be not only dividend paying, but prodnctive ■of many r collateral advantages to the Producer;-minimising as they do all chanres,';'they "necessarily compel merchants iandabip-p wiring firms to lower to a reasonable point their, rates of - profit,- commissions, freights. &c. The .fact that the Hew Zealand Farmer's Association of Canterbory (Cbriatchurch), last year astablished and poweradeemed necessary for its successf^wcrinn^ifce:.-, (1.) To c»rry o£4bel>nunesspf a C0(2.) (2.) To stores, consumable articles, chattels, and effects of all Mndaf" ; "; (3i):To ; cbndact r 'th"e sales "p|;.U»e Association upon a cash basis/ ' :($.) To offer facilities to Farmers, for the shipment of their prodace to the Tarioas '- markets- of the - world, and pp otnt Agents' n this different localities for the furtherance of this object.' •" (5.) To purchase, take on"lease', or in exchange, hire, or otherwise acquire any . real ana personal property, t and any - ri?ht»i patents or privileges necessary 01 convenient for the purpose of the Asse ciation t for the 'storage of gram arrf produce, of any kind, and any land, buMirgs, easements, .railway sidings, machinery t plant, and stock in trad*t-Ov;'» .i'?'\'Z-J~>~~' • ■:-'-■••.■:-'■■ (6.) To construct, maintain, and :alter any buildinga, machinery, engines, plant, and works that may be deemed by the Director* nefcessaiy, cdnvenitnt, or. fit for the purposes of the Association, or cakukUed-tdirecth/ or indirectly to advance the interests of the Association or the rne«4!Bn;tibeieof// ; >'; r- : "■}' (7.) Tblwrrbw.er_raise.money.Dy the issue of or-upbn^bonds, debentures, bills ot exchange, promissory nates, or other, obligations or/ securities of the . Association, orbymarlgageor charge of sJI of. : thopreperty-'o£ the A^acT^j^t^lf^'•. c: ' il^l, "* **■ ■»nr&ltmA.s**LJiit*l i . at iajsnekmanner aaihet&eetocs-ofUie As«oeiatronmayihinKn%: ; • ' • - (8). To mate, 'accept, endorse, and execato Proiruasory* notes,-bills of ; . (gxebjsige, and ether latgotiahle mstru■"■BattV->•'>•.■'•' s ■■■ ; .'<:■£■ ] ' : '.--' : i ". : "'' '"■■■'• (9.) To purchase or otherwise acquire undertake all or any part of th basioepfr property and Jjabjbtjea of, so