Page 4 Advertisements Column 2

Wairarapa Daily Times, Volume XII, Issue 3843, 27 June 1891, Page 4

aiice VOiIMITED). /Incorporated under tike j'of "The Companies Act, &-, CAPITAL. _____ linal capital of the Association trifilßf i&D.OOO, in 50,000 Shareß of £5 eicti,' payable as follows, viz :—2s. 6d, on application, 5s on allotment, and the Temaioder 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 Fabmebs' Alliance of New Zealand, Limited,"! and the _ __, REGISTERED OFFICE Of tne Company will be in the City of Wellington, ___ PROVISIONAL DIRECTORS. The Provisional Directors of the Association (until the first General Meeting of Shareholders shall have | been held) will be WELLINGTON. Cifcy-J. C McEerrow, George H. Luxford, Joseph Saunders; Makara—T. H, Robinson. MANAWATU, Kereru—Robert Gardner jPalmerston North—J. O. Batchelar, Joseph Beale, James Bell, D. Boick; Feildins—J, Johnßon ; Paikakariki—Frank Smith. WAIRARAPA. Featherston .-Coleman Phillips; in' ''--I.- KU 'Margin -Tlllir. ! JohnCanaeron; Pahiatua Duncan Puckle, W. W. McCardle, Thomas Miller, Georee Whitcoinbe.

WEST COAST. Fordell—Jamea W. Baker; Campbelltown -Henry Sanson; Waverly—George S. Bridge. "With power 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. SHAREBROKERS Messrs T. Kennedy Macdonald and Co REASONS FOR THE FORMATION OF THE ASSOCIATION. 1. The successful resnlts achieved by New Zealand, notably by "The Farmers' Co-operative Association of Canterbury, Limited." 2. The obvious advantage of an agency of which the subscribing producer or consumer Bhall be not merely client but proprietor.. These and other considerations have induced the promoters to invite subscriptions from the public in town and country. ADVANTAGES of the ASSOCIATION The is projected at the instance 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 merchant 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 ducers, and the Shareholders generally may sell their produce, and buj

what they severally consume, in the most favorable markets: The profits" of the Association, aftei payment of expenses, will belong to and be distributed amongst the Shareholders, Subscribers will thus obtain for product the full Market value in the Markets oi the World subject only to payment ol expenses, aad a certain fixed per centagc in order to enable the Association tc pay a dividend not exceeding seven pel cent on capital. On the other hand they will bbtaio goods at wholesale prices. The Association will collect and supply to Shareholders' prompt and disinterested information as to the state ef 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 Agency 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 centam 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 regard to prioirtj of application and not more than 100 shares will be alloted to any one person. In submitting an Association of this character to the publicit 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 tube not only dividend paying, but productive of many collateral advantages to the Producer; minimising as they do all charges, they necessarily compel merchants and ship-owning firms <;o lower to a reasonable point their rates of profit, commissions, freights, &c. The fact that the JSew Zealand Farmer's Association of Canterbury (Christchurch), last year had a total profit of £10,804 5s 5d to distribute, and that the Canterbury Farmers' Association (Timam), and other similar A ssociations 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 magnifiseut capacity tor the chean distribution of products to all parts of the world, marks it out prominently aB the natural centre for the present; Company's operations. The recent connec'iion of the City with Napier on the East Coast, and New Ply mouth on the West 3oast, 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 dapr the best and cheapest Harbpr in the Colony as a distributing centre. TitE OBJECTS For which the Association irill be 3Stablished and powers deemed necessary for its successful working are : _ (1.) To carry on the business of a Cooperative Association in all its branches, (2.) To buy and sell goods, Bfcores, consumable articles, chattels, and effects of all 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 pp oint Agents n the different localities for the furtherance of this object. (5.) To purcnase, sake on lease, or in exchange, hire, or otherwise acquire any real and personal property, and any rights, patents or privileges necessary 01 convenient for the purpose of the Asss ciation, and Warehouses for the storage of grain and produce of any kind, and any land, buildirgs, easements, railway siding*, machinery, plant, and stock in trade. (6.) To construct, maintain, aud alter any buildings, machinery, engines, plant, 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 members thereof. (7.) To borrow er raise money by the issue of or upon bonds, debentures, bills or exchange, promissory notes, or other obligations or securities of the Association, or by mortgage or charge of ajl 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 make, accept, endorse, and exedhte Promissory notes, bills of exchange, aud other negotiable instruments. (9.) To purchase or otherwise acquire iand undertake,allor any jnrt ff th business, pjpperty |uj4 foWitiea <ft. an