Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume XII, Issue 3840, 24 June 1891, Page 4

FEOSHBOTOS The (Jo-Operative & Farmers' Alliance > *fi_j_tf r * 3 OF Iflsw "ZEALAND,- (LIMITED). To -> be - > Incorporated under tke Proyiidon* of ''The Companies Act, Mat*"" '' ' CAPITAL The nominal capital of the Association wfil be £250,000, in 60,000 Bhares of £5 each, payable as follows, viz :—2s. 6d, on application. 6s on allotment, and the remainder in Calls not exceeding 5s pel Share, at Intervals of not less than three months. It is not expected that note than £1 pet share will he necessary. NAME. The name of the Association trill be - Tn Co-onouxmt in Fanmss' AiUuioß'or'tisw Zealand, Limited," and the » „ i REGISTERED OFFICE _Of tin Company will be in the City of [SIGNAL DIBECTOBS. The Provisional Directors of the Association {until the first . General Masting of 3JharehoWerrJ shall have been heM) will be | ~ ' : City—J. Or MoEerrow, George H. Lorford, Joseph Ba«nders; Makara—T. H. Robinson.. ; „ - - MANAWATU, i Xereru—Robert Gardner; Palmerston Narth--J.o.lJatchelar, Joseph Beale, James BeH,. D. Boick; Feildinsj—J. Johnson: Pa&akarikl—Frank Smith. , WAIBABAPA. Featherston - Coleman Phillips; Pliffiitiiiftrr ■-' John Martin, Junr.; {toman, John Cameron; lahiattw Dnncan <Pnckle, W. W. HoCardle, Thomas' Miller, tteorce Wutooaibe. - WEST COAST.

: ■ Fttddt-JuM W. Baker ;CwnpbeU- " BM««}WiTirir ; -G«org6 eir tiumber. SOLICITORS Menu. Montetth and Stovely, ' Lambton Qaay, Wellington. PEOVIBIONAL SECRETARY ■,&i : x&l Ataouider Jardine.- : ■■*-■ TEMPORARY OFFICE |la in Cotton*" Home Quay (National Mutual boildiiim), Wellington. MeaehT. Kennedy Macdonald and Co

REASONS FOR THE FORMATION • ' 1. The successful results achieved by a>-©perrtfon ; m other <»ubtri6»» and in New Zealand, notably by "The Farmers' Co-operative Association of Canterbury, of which the aublcribing producer or consumer shall be not merely client but proprietor. >■.--■■,:■.■--- •-••-.- '.--r :T Theseand other considerations have induced the promoters to invite sub■oripttona from the public in town atd country. ADVANTAGES ofthk ASSOCIATION ; Thai A»wchrticn;i» projected at the instanee of Farmers j*no~ Producers] genetely.ui order to secure to them by cooperation, the benefits of interchange, which hate hitherto gone to the merchant and distributer alone. ; By co operation in the formation of the Association the farmer, the- dairy-, man, the froit-j?rpwer, the saw-miller and flax-miller, ~ the wool-grower, other { prod«cen,and th« Shareholders Renerally may sell their, produce, and buy most'fcyorable markets. ■ ... ?.;.., The profits of the Association, after payment of expenses, will belong to and be distributed amongst the Shareholders. Subsciribers'will thus obtain for produce die full Market value in the Markets of the World.tubject only ; 1»> payment of expenses, and a certain fixed percentage in order to enable the. Association to pay a dividend not exceeding seven per cent onoapitali ,-C^.-„'. -'r- ( . ...-. I tJn flie other hand they will obtain wholesale prices. .:,.,.,.. -:,..,, -V. 'The'Association will collect and sup toShareholders prompt anddisinteresi infomatioh W to! she * t state •! and advantages offered by the yarious markets throughout the world. ~: A TbeAesocutionwffl seek to ally itself with other kindredinstitutions, and so by sharing thecost of :Aswn?y in Home sMFo«e«gn Markets reduce cost, while, mw,, * a * *""'' ' payment to of the amount of the' paidup capital, wi'l be divided amongst the Shareholders according to the amount of business done by each "or otherwise as may be from time io time by a majority of shjKeholders at any general meeting fletermined..../'.' ~*C)*i. '>..Vr'■■"-: v ■-..'.:; -, >'; In allotiog the shares, the Directors will have regard Wpiioirtj of application and not morei.'jiliam IQO shares .will be •alloted to awr one person..'."V chartererto the public it is only necessary to say that it is in no sensea speculative undertaking.. The. experiences of similar enterprises in the Colony have shown them to be ; not, only dividend paying, but productive "°oT~"inany"' collateral the Producer; minimising as they do all charges, they necessarily eompeVmetchants and ship-owning firms to lower to a reasonable point their rates of profit, 'commissions; freights, Ac---.Bit*; 'shot;:, that the : Mew Zealand'. Faraer's - Association- ■ of Canterbury (Christchurch), last year had a total profit of £10,804 5s 5d to distribute, and that the Canterbury Farmers' Association (Timara), and other similar Associations are all in a most satufaetoty-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 eheen 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 Ipvi.iinvni)H"u-i; ■ iTj i■• hi Kivm' lines of railway, will enable the settlers in these districts to share equally in the advantages, which will accrue to sharehoMers in, the; Wellington Provincial District from hasring at their door the beat and cheapest Harbor in the Colony m a distnbutuV centre. Ttiß OBJECTS For which the Association will be ietabushedand for its soccessfuV working are : \ (1.) To carry on the business of a Co operative Association in all its branches, " (2.) To,buy and sell goods, r stores, consumable articles, chattels, and effects of all kinds. (3.) Tb conduct the sales of the Association upon a cash-basis. . (4.) To offer facilities to Farmers for tiie shipment of their jpioduce to the Various markets of tne world, arid pp bint Agents n the different localities I\ (5.) To purchase, take on lease, or in exchange, hire, or otherwise acquire any riyhta, patents or privileges necessary oi convenient for the purpose of the Asm caatkm, and Warehouses fog the storage of grain and produce of any kind, and thy land, buildings, easements, railway trad . . , , I (6.) To construct, maintain, and alter I any buildings, machinery, engines, plant, ' d works that msy be deemed by the , or fit (tf tDeporpotesi ialeqhUed directly or indirectly to advance the.interests of the Association or the members thereof. - ""' '- ' (7.) To borrow-esiraise money by the issue of or upon bonds, debentures, bills ot exchinge, promissory netes, or other obligations or securities of the Assoctsiien,or bymortgage.".or charge of sfl or any part of the preperty of the Association,; or of its unealied eapital, <k inanch manner as the Directors of the Association may think fit, jCtt Totßike, «J6spt, and eseeote Promissory. notes, bills of exchange, and other negotiable instrument*. \ : ; '-. .nd und-tokeall or yrigrt of th