Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume XII, Issue 3841, 25 June 1891, Page 4

PROSPECTUS Miners 1 Alliance ;W ZEALAND, (LIMITED). Incorporated under the Pcoyinona of "The Companies Act, 1888." CAPITAL. The nominal capital of the Association will be JE250,000, in 50.000 Shares of £5 each, payable as follows, viz :—2s. 6d, on application. 5s on allotment, and the remainder in.Calls not exceeding 5s pet Share, at Intervals of not less than three months. It is not expected that more than £1 per share will bo necessaryNAME. The name of the Association will be « Ths Co-operative and Farmers' Alijabce of Hew Zealand, Limited," and the REGISTERED OFFICE Of tbe Company will be in the City of Wellington, PROVISIONAL DIRECTORS. The : Pravisional Directors of the Association (nntil the first General Meeting of. Shareholders shall have been held) will, be WELLINGTON. City-J. C. McKerrow, Georjro H. Luzford, Joseph; Saunders; Makara—-T. H,Robinson. MANAWATU,

Eerira—Robert Gardner; Palmerston Batchelar, Joseph Beale, James Bell, D. Buick} Feildiw?—J. Johnson : Paikakariki—Frank Smith. , WAIRARAPA. , Featherston - Coleman Phillips; Pdrtlatanga 'r-; John • Martin, Jutir.; Masterton—D. Carman, John Cameron; Pahiatua Duncan Pnckle, W. W. McCardle, Thomas Miller. Georpe Whitcombe. WEST COAST. Ferdell—James W. Baker; Campbelltown,—Henry Sanson; Waverly—George S. Bridge. With yower to add to their number. SOLICITORS Messrs. Monteath and Stavely, Lambton Quay, Wellington. PROVISIONAL SECRETARY Alexander Jardine. TEMPORARY OFFICE Is in Custom House Quay (National Mutual buildings), Wellington. „ SHAKEBROKBRS Messrs T. Kennedy Macdonald and Co

REASONS FOR THE FORMATION OF THE ASSOCIATION. 1. The successful results achieved by

co-operation in other countries, and in New Zealand, notably by " The Farmers Co-operative Association of Canterbury, Limited." 2." The obvious advantage of an agenoy of which the subscribing producer 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 and ADVANTAGES OF the ASSOCI ATION The Association, is projected at the instanioe. of Farmers and Producers ge neraly.'in order to secure to them by co-operation, the benefits of interchange which have hitherto gone to the mer-

chant and distributer alone. -' By co operation in the formation of the Association the farmer, the dairyman, the fruit-grower, the saw-miller and flax-miller, the wool-grower, other pro dncen, 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 belob? 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 per centage in order to 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 will collect and supply to Shareholders jrompt and disinterested information as to the state ®f and advantages offered by the yanous markets throughout the world. The Association will seek to ally itself with other kindred institutions, and so W sharing the 1 cost of Apency 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 accordinß to the amount of business done by each or otherwise as may be from time to time by a majority of shareholders at any general meeting determiiied. In alloting the shares, the Directors rfill h»ve regard to prioirfcj of application and not more thpn'lOO. shares will be alloted to any one person. In submitting an Association of this character to the public it is only necessary to say that it is in no sense a speculative undertaking. The,experiences of similar enterprises in the Colony have shown them to be not only dividend paying. bt\t productive of many collateral advantages to the Producer; minimising aa they do all charges, they necessarily compelineflchants and ship-owning firms io lower to a reasonable point their rates of profit, commissions, freights, &c. The fact that the few Zealand Farmer's Association of Canterbury (Ctiristchurch), last year had a total profit of' £10,804 5s 5d to distribute, and, that the Canterbury Farmers'. Assod&tioji (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 Wellington and its magnificent capacity tor the chean distribution of products to 4>l 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 Napier on the East Courts und Now Ply mouth on the West Ooast, 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 3stablished and powers deemed necessary for its successful working ate : (1.) To cany on the badness of a Cooperative Association in all its branches, (2.) To buy and sell goods, stores, consumable articles, chattels, and effects of all kindß. (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 oinfc Agents n tie different localities for the furtherance of this object. (5.) To purchase, lake on. lease, or in exchange, hire, or otherwise acquire any real and personal property, and any rights, patents or privileges necessaiy oi convenient for the purpose of the Aase datum, and Warehouses for the' storage of grain and produce of any kind, and any land, buildirgs, ppsements, railway sidings, machinery, plaot, fipd stock m trade. (6.) To. construct, maintain, and alter any buildings, machinery, engines, plant, and works that may be deemed by the Directors necessaiy, convenient, or fit for the purposes of the Association, or falcnVpri directly or indirectly to advance the interest# of the Association or the members thereof, (7.) To borrow er raise money oy the issue of or upon bonds, debentures, bills of exchange,. promissory netes, or other obligations, or securities of the Association, or by mortgage or charge of all or any part of the property of the Association, or of its uncalled capital, or in such manner as the Directors of the Association may think fit,. (8). .To mike, accept, endorse, and exec'tito Promissory n>>te a , bills of exchange, and other negotiable instru-j mi'iite. , . . (9.) To purchase or otherwise acquire and undertake all or any _ part of th buewepfi liabibtiw ofi in.!