Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume XII, Issue 3842, 26 June 1891, Page 4

Jrative & Alliance (LIMITED). T»£lie~ Incorporated under the "of "The Companies Act, 188&.'V _;>/•-. , CAPITAL. . ' The nominal capital of the Association will be £250,000, in 50,000 Shares of £5 each, payable as follows, viz :—2s. : 6d,;on application. 5s on allotment, and the''renwinder in Calls 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 "The Co-operative and Fabmers' Alliance of New Zealand, Limited,." and the . REGISTERED OFFICE Of tiie Company will be in the City of Wellington. PROVISIONAL DIRECTORS. The Provisional .Directors of the Association (until the first General Meeting Jof- ■Shareholders- shall", have been held) will be WELLINGTON. . C. : -McKerrow, GeorpeH. Luxford, Joseph Saunders; Makara—T. H, Robinson. MANAWATU, Kereru—Robert Gardner; Palmerston -North—J. O. Batchelar, Joseph Beale, James Bell, D. Buick;. Feildinj?—J, Johnson : Paikakarikl—Frank Smith. WAIRARAPA. . 'F.eatherston - ' Phillips; Pnruatanga -*•' John Martin, Junr.; Masterton—D. Carman, John Cameron ; Pahiatua Duncan Puckle, W. W. McCardle, Thomas, Miller. Georee iVhitcombe. WEST COAST.

Fordell—James W. Baker; Campbelltown—Henry Sanson; Waverly—George S. Bridge. With power to add to their Dumber. SOLICITORS Messrs. Monteath and Stavely, Lambton Quay, Wellington. PROVISIONAL SECRETARY Alexander Jardine. TEMPORARY OFFICE Is in Custom House Quay Rational Mutual buildings), Wellington. SHAKEBROKEES Messrs T. Kennedy Macdonald and Co REASONS FOR THE FORMATION OF THE ASSOCIATION. -'■ I. The successful results achieved by co-operation in other countries, and in New Zealand, notably by "The Farmers' Co-operative Association of Canterbury, Limited." I 2. /The obvious advantage of an agency 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 aud country. ADVANTAGES of the. ASSOCIATION The is projected at the instance of Farmers and Produoers ge neraly, in order to secure to them by cooperation, the benefits of interchange which have hitherto gone to the merchant and distributer alone. By cooperation in the formation of the Association the farmer, the dairy-, man, the fruit-grower,' the saw-miller and flax-miller, the wool-grower, other I 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 dividend not exceeding seven per cent on capital. •• l - On the other hand they will obtain goods at whoieeale;prices.~ .-..- The Association will collect and supply to Shareholders prompt and disinterested information as to the state of and advantages offered; by. the various markets throughout the world. The Association will seek to ally itself with other kindred institutions, and so by sharing:the cost of Aeency 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 amount 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 regardlo prioirts of application and not more than 100 -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, but productive of many collateral advantages to the Producer; minimising as theydo all charges, they necessarily compel merchants and ship-owning firms to lower to,a reasonable point their rates of profit,■•■•-■ commissions, freights, &c. The fact that the New Zealand Farmer's Association of had a' total profit of £10,804 5s 5d to distribute; anS that the Canterbury Farmers' Association (Timaru), and other similar Associations are all in a moßt satisfacfeuy financial condition, speaks for itßelf as to the safety of the capital to be embarked. ". The central position of the C[ty or Wellington and its magnificent capacity tor the chean distribution of products to all oarte of "the world, marks it out recent cbrineelion of the City with Napier on the East Coast, and Newpiy mouth on the Weßt Ooast, by through Hies of railway/will enable tiuv settlers to these districts (to share equally in the advantages, which will accrue fco shareholders in" the WellinjSbon Prpymcial District from<ha?ing at their.door the best and cheapest Harbor in the Colony as a distributing oentre. j : ■. ,: Tiir? OBJECTS For which the Association will be jstablished and powers deemed necessary for its successful working are : (1.) To carry on thebuEinessof a Cooperative Association in all its branches, (2.) To buy and sell goods, stows, consumable articles, chattels, and effects ofall kinds. ....... (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 I pp oint Agents n the different localities for the furtherance ot this object.

(5.) To pureaase, take on lease, or in exchange, hiro, or otherwise acquire any rights, patents or privileges necessary 01 convenient for the purpose of the &m* ciafcion, and Warehouses for the storage of grain and produce of any kind, and any land, buikMrgs, easements, railway siding*, machinery, plant, and stock in trade. •, (6.) To construct, maintain,,aud alter any buildings, machinery, engines, plant, Directors neeess&rv, 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. . v(7.) To borrow er raise money by the issue at or-japon bonds, debentures, bills of exchange, promissory netes, or Other obligations or securities of the or by mortgage or phafge of j all -or any part of the property of the ! Association, or of its uncalled capital, or in such manner as the Directors of the Associationmay think fit, ; (8). To make,- accept, endorse, and execute Promissory notes, bills of excliange, ? and other negotiable mstru-menta.;-j'';'^<- i .;"-^;r-;V..;-;,..-- : and nndertafieaUor any> business, «nd »3