Page 4 Advertisements Column 5

Daily Telegraph (Napier), Issue 6065, 4 February 1891, Page 4

ABRIDGED PROSPECTUS OF THE HAWKE'S BAY FARMERS' COOPERATIVE ASSOCIATION, Limited. To be Registered under the Companies' Act. CAPITAL (with powertoincrease) £100,000 In 20,000 Shares of £5 per Share, Payable as follows : —los per Share on Application ; 10s per Share on Allotment; and the balance in Calls of 5s per Share at intervals of not less than three months from date of registration : but Calls will only be made when required. PROVISIONAL DIRECTORS : John Bennett R. P. D. M'Lean M R. Miller A. D. Milne Cartwright Brown D. Carmichael W. A. Couper Wm. Heslop R. R. M'Kenzio Maurice Mason J. Chambers, Jun. Wm. Speedy Alfred Dillon H. Harris C. Cranby Joseph Bicknell John Anderson Wiih power to add to their number. BANKERS (Interim) : Bank of New Sjuih Wales. SOLICITORS : Sainsbuey and Logan. TREASURER (Acting): J. Bennett. SECRETARY (Acting) : M. R. Miixeb. The proposed Association is to be formed for the purpose of affording both large and small Farmers an opportunity of taking ac interest in the realising of their own Produce, either in the Colonial, British, American, or Continental Markets througt the medium of the Association, and ever} producer throughout the district will have an opportunity of participating in the profit! derived from the sale of their Produce by th< Association as selling brokers by taking uj shares in the Association, thus reducing thi cost of realising their produce to the lowes minimum. The leading objects of the Association an as follows, viz. :— 1. To act as selling Brokers for everj description of 'Produce and Livi Stock, Farm and Station Property. 2. To deal in Produce of every descrip tion. 3. To deal in Merchandise of all descrip tions. 4. To conduct the Sales of the Associa tion on a Cash basis. 5. To charter ships to England or elsewhere for the carriage of produce o: the import of merchandise, G. To make advances on Stock, on Woo on the sheep's back, and also oi growing crops collaterally secured i t necessary. I 7. To make advances on Wool, Grain t Roots, Coal, or Timber, &c, eithe: ! for sale in the Colonial Market or ani | other markets. 8. To ship Wool, Grain, and all kinds o I Produce to British Ports or elsewhen ! and make advances on same, and t< j do all other business as may be con sidered by the Directors incidental o conducive towards the attainmen of the objects of the Association. As no co-operative business can be ex pected to be successful that in not flnan cially sound, the promoters of this Association are determined that its managemen and working expenses shall bo conducted with the most rigid economy. The success of other Cu-operative Associations formed on the same lines :ts laic down for this, notably the N.Z. Farmers Co-operative Association of Canterbury Limited, leave no room to doubt but tha under a careful Board of Directors, to h< elected at the first general meeting o Shareholders, handsome dividends may bi regularly derived from Commission am Charges for the sale of Prudune, including Wool, Grain, Sheep, Cattle, &c. % and stil more largely on profit on Merchandise Freights, Discounts, Interest and Insurance The Memorandum and Articles of A ssoci ation may be inspected at the Acting-Secre tary's Office, Athenfflum Buildings, Napier where further information may be had anc APPLICATION FORMS may bo obtained JOHN BENNETT, Acting-Treasurer. M. R. MILLER, Acting-Secretary. " AUSTRALIAN" M UTUAL PEO V I.DENT SOCIETY ESTABLISHED .. .. 1810 The Oldest Mutual Life Office in Australia New Zealand Brauch : Head Office, Custom House Quay, Wellington. Local Board of Directors : The Hon. Mouoan S. Gkace, M.D., C.M.G., M.L.C. (Chairman) Charles J. Johnston, Esa. (Deputy Chairman) A t.fbed dk Baths Beandon, Epq. The Hon. Edwaed Richardson, C.M.G., M.H.R. Nicholas Reid, Esq. Medical Officer; Dr. W. G. Kemp. M.R.C.S. (England) ASSURE YOUR LIFE in the AUSTRALIAN MUTUAL PROVIDENI SOCIETY, and seenro an ANNUA! BONUS or DIVIDEND, A PRIVILEGE WHICH NO OTHEE COLONIAL LIFE OFFICE CAN GRANT ITS MEMBERS. Be careful that you SELECT THIc SOCIETY, and do not be MISLED by the similarity of Name of some of tho othei younger Australian Offices. The attention of the Members and the General Public is called to some of the special features connected with this Society, which is the oldest Colonial Institution oi its kind, having been established in the year 1849. The results of the business for the Forty - first Year, ending 31st December, 1889, may be summarised as under : FIRST—The number of the New Policiei issued was 11,664. SECOND—The new Assurance business effected was for £3,679,459. THIRD—The New Annual Premium Income amounted to £121,800. FOURTH—The net inorease to the business, after allowing for loss of income from terminated Policies was represented by 7028 Policies, assuring £2,109,199. FIFTH— The operations of the year rai.«ed the annual income of the Society from ,61,012,250 to £1,625,185, an increase in twelve months of £112,905 SIXTH—The Accumulated Fuud was increased during the year by tho sum of £742,311, equal to 71 per cent, of the gross premiums received. SEVENTH—The deaths among lives assured were 649 under 735 policies, causing claims upon the Society amounting to £299,602, irrespective of Bonus additions, while the number expected according to tho Tables used in estimating Ihe liabilities would have been 1143, for an amount of £488,976, the mortality experience being thus extremely favorable, EIGHTH—The receipts from interest and rents were £51G, 832, an amount exceeding the sum p'lid for tbo claims by £138,952. NINTH—The expenses of Management were only 9-5 pc? cent of the total receipt^. TENTH—The cash surplus divided for t v JH year ISS9 was £426,494, being - a \ the rate of 41-5 per cent. on tho r.Veraiums received. The operations of tho Society durinu the 41 years of its existence may be summarised as under— It has issued 141,907 po'iicits, assuring £4^,417,717 It has paid to tbs representatives of deceased members over £4,000,000 in satisfaction <4 death and matured claims. Ii has divided among the members casb bonuses aggregating over £4,000,000, yielding reversionary additions of over £*,000,000. It lias acquired an Accumulated Fund of £9,000,000, ALL INVESTED TO YIELD FULLY 6 PER CENT. INTEREST. Assets in New Zealand—£l,273,sl4. EDWARD W. LOWE, Resident Secretary. Beanch Office — CUSTOM HOUSE QUAY, WELLINGTON. Napier District Office— ARTHUR H GORE. Agency Clork. THOMAS'S SHE E P_ 13 I P . rhe Undersigned is Agent for this Valuable Dip, and will be glad to supply all orders. For killing Ticks and Lice and improving tho condition of tho Wool it cannot be suipassed. H. A. BANNER, Sous Agent fob Hawke's Bay.