THE NORTH NEW ZEALAND FARMERS' CO-OPERATIVE ASSOCIATION.

Waikato Times, Volume XXII, Issue 1864, 17 June 1884, Page 2

THE NORTH NEW ZEALAND FARMERS' CO-OPERATIVE ASSOCIATION.

Tin: following account of wh.it the dnectm s of the association luve clone up to the piescnt is compiled fiom information \il.iccd .it our disposal, and may be mteiesting toshaieholdevs at the piescut junctme. It will be lemembeiod that at the meeting of dnectois held at Hamilton, on the 27th Mnv, Me^H W. A. Chah.uu, Gillett, and Biooks, weie ii])pmnted a committee to proceed to Auckland, and, in conjunction with Messrs ■Rutlunfoid, C.unis, Heafchei and "Waynionlh, to make auangcinenta for commencing busme-s opeiations in that city and the suiiouiiding distiicts, as well as to nnkp piovUion fot leceiuusj lmpoititions of niamucs, seeds, &c , foi the shaieholdeis. The committee set about their woik with the follow mt; lesult: - Thry made aiiaiigements with Mi R. Salmon, Imtchei, of Wakeheld-sticet, to take over his business, letanung him as managei, the auangement being teumiublo at six months notice. It i^ proposed to cany on the letail business, and, if successful, the scheme is to be extended. They nlso ma.de au angoments witii Messis Cl.uk and (-Jane, whcieby the association takes over the Auckland pi enures of the hnn, and avails itself immediately of the well assorted and icliable stock, together with the shipments now on the way out from England, suitable foi the icquiieincuts of the ptesont season. They ha\o also ananq^d to continuo impoitmg siicJi poods as may he reqimed from time to tune tlnougli the same channels. They established oflijes at 1'), Queon-stiocc, and appointed Mr (Jane tenipoiary manager, and Mr Wm. Gauett, who ha* had an extensive expeiience in the woiking of eo-i>peiative associations, societal y. Thedivectois li.ue decided that the capital of the association will not admit of the opening of bianoh stoie-., and consequently they intend to iomo\e the offices to Auckland, and do the whole of the clencal wmk fcheie;bnt they contemplate meeting the local wants by appointing a travelling agent, who u ill make himself acquainted with the wants of the^ettleis They also intend to appoint local agents in the ditfeient centics. Concerning the proposal to eicct a fioiu null and gianary, the question wrs fully discussed, and the same arguments which were held to be good as against the bianch establishments weie advanced against the building of null and gianary, that is to say, the capital of the association is not sufficiently huge ; but at the same time it is in conteinptation at an eaily date to get the opinion of the bhaieholdeis on the matter and make a special issue of shaies for this object. Arungonionts aie to be made by which stoics m Waikato may affiliate, and at which shaicholdeis may obtain a discount off the usual retail prices. The number of shares floated, so fm, is about 8000, exclusive of the 2000 set aside for Auckland and the Thames, not jet allotted, and which it is intended shall be disposed of in the same mannei as was adopted in t! c case of the otheis. A meeting of the directm*. was held yesteulay, at which there weiepiesent : — Messrs. W. A. (4 rah am (chanman), (iillett, Newland, B.uugh, Fonest, Day, We'tne> and W. H. Wallis. The following ievolutions weie passed :—(1): — (1) Mo\ed by Mr Fonest and seconded by Mi Newland. " That the 2000 shares, as mentioned in the lepoit as being set apait for the Auckland woiking classes in single shaies, be alteied to read that 2000 lie set aside for Auckland and Thames, without lestiiction as to number of shaies." (2) Moved by Mi J. Fonest, and seconded lay Mi J. Newland, "That this Association be can ied on under one management, ctnd that one from the Auckland offices." (3) Mo\ed by Mr J. J. B.uugh and seconded by Mr J. Newland, " That Mi Hay act a*, the solicitor for the Waikato business of the Noith New Zealand Faimeis' Co-operative Association until the next general meeting of the shaioholders, and that Mv Colcinan act as solicitor foi the association m Auckland." (1) Moved bv Mi Newland and seconded by Mr W. H. Walhs, "That Mr S. Vaile's offer to dehvor a lectuie under the auspice-, of the association bo accepted with th.i.iks, .and that Mi Newland adusc Mr YVulc of the same.'' (5) Moved by Mr Fonest, seconded by Mi Newland, "That the directois keep in view in tho futuio the erection of a floui mill in connection with the granary as a veiy deniable business to go into." ((5) Proposed by Mr Foirest, seconded uy Mi Day, " That the manager be instiucted not to advance any moneys under clause 5 of ,ai tide . r >7" (which leads, That it shall be one of the duties of fche directors to make advances on crops growing and to grow.) The directors discussed at some length the question of keeping the accounts of custonieis, with a view to the distubuticn of the bonus, it having been stated that an elaborate system of accounts would be lequued. It was explained that all that was necessary was that each customer should be piovided with a pass-book, in which the purchases could be set down. The meeting laated the greater pait of the day, and a large amount of routine woik was got through. An e.xtraoi dinary meeting of the shaieholders will be held .at the office, of the Association, Hamilton, to-day, to decide the question of voting.