Page 4 Advertisements Column 2

Manawatu Herald, Volume III, Issue III, 2 July 1891, Page 4

In allotting tho shares, the directors will have regard to priority , of application, and not more than 100 shares will be allotted to any L ohfl person. In submitting an Association of ( this character to tho public it is only necessary to say that it is in no "prise a speculative undertaking. The experiences of similar enterprises in the Colony has shown them to be nor, only dividend paying, but pro- '■ many collateral advantages to tho prodncer ; minimisiiie as they do nil charges, they necessarily com» pnl merchants and shipowning firms 1 to lower to a reasonable point their [ rates of profit, commissions, freights, Ac. The fact that the New Zealand Farmers' Association of Canterbury fCbrißtchurch") last year had a total profit of £10,804 5s 5d to distribute, and that the Canterbury Farmers ' Association (Timaru) and other simi- [ lar Associations are all in & most satisfactory financial condition, speaks for itself ns to the safety of the capital to be emhnrked. \ IThe jiContral .position of the City'!' • of-'Weflinfitqri and its- mftgnificenM' Rapacity /jr iba cheap distribution of rf>»oftcte*it()' all {parts ol the world, narkß it out prominently 98 the . natural centre for the present Comr onny's operation. Tho renenfc con--1 nection of the city with Napier on the Bust Qoflst, and New Plymouth • fH'i'C^ 6 * 1 ' 9 0a8 Mty lines of raiTWay, will- enalils the settlers f r 4it)i l hkß'& di^tf'cts to shnre equally in » MVi^nvnrYtWfls, which will accrue to ahnreijnln'ers in the Wellington Pro--1 VhVcidi District from having nt their door the best «nd cheapest harbour in the Colony as a distributing centre.""" ..THE OBJECTS which tho •'' Association will be '■>s'ablißhed and powers deemed necessary for its successful working are:— (1) To carry on the business of a Ob-optative Association in all its branches, . , . , (2) To buy and s ra ll goods, stores, comummahle, articles, chattels, and fffects of all kinds. (3). To conduct the sales of the . Association upon a cash, basis. (4) To offer facilities to farmers or .the shipment of their produce to UlieT'Kariouß" markets of the worjd, and to appoint agents in different localities for the furtherance of this object , .(5) To purchase, take on lease, or in exchange, hire, or otherwise acquire any real and personal property, and any rights, patents, or privileges necessary or convenient for the purpose of the Association, and^ warehouses for the stor«fce> of grain : and'oroduce of any kind, and any land, ' [buildings, easements, railway sidings, machinery, plant, and stock-in-trade. (6) To construot, maintain, and alter any buildings, machinery, engines, pant, nnrl works that may bp deemed by th* Directors necessary, onnvenient, or fit for the purpose* of the Association or calculated directly i or indirectly to advance the interests of the Association or the members thereof. (7) To borrow or raise money by the issue, of or upon bonds, debentures, bills of exchange, promiesbry notes, or other obligations or Beciiiites of the Association, of by mortgage or charge of all or any • part of the property of the < Association, br of itp uncalled capital, or in shqli oilier manner as the Directors i of the Association sjiall think fit. (8) To make, accept, endorse, and > execute promissory note?, bills of f exchange, and other negotiable in* > iitruments. p : '(9) To purchase or otherwise acquire atoft' undertake all *dr any *' part ofNtb© business, > property* and, i ; Uabilities of, and to amaljgamate with i' 'any other Association, Company, . firm, or person ; theobjectß of which £ shall be altogether, or in part, slmi1' s lir to those of this Association, i \i.Q) To invest moneys not immediately requtred^poßWioh B£curit^u 3 of by the Directors. s (U) To make advances to;mem--8 bers of the Association, upon such, t real or ,perspnfl- S Bec]arit^e&» as r may» from timfiMitime be Jipproyed 3 of by : b ,the Directors. S- j(12) *$Q receive money i on deposit 0 at interest or otherwise. a (18) To sell, ,exchange, improye ; manage,.,. dc;velop. lease, ' mortgage, 1 dispose of, or otherwise' deal with ' all or any . part of the property of rl the Association.. d (14). To extend the operations -of c the 49so c iatipn in any direction v whicirnifiy seem likely to benefit the (» memjber.s (lfijj'To'.^o, a)l such. 1 other things iv, as are incidental or conducive to the i t] ,atjtninment of the above objects or y _ap,y of them: • 5«, ,. , • jThe , m-eliminary expenses and o, th^oaef.jttftnAing the promotion and registration of the Association will tbe paicJ 'by theAssociu'tiori. a : The liabi?ity of tho members is n limited to the nominal value of the p shares held by them. c Application for shares can be made it to the Secretary of the Company at :- his Office, National Mutual Corny pany.!q J3uUdings ; or to tlw Brokera, v «t their Offloee, SxohaoefoßuildilVgs, { J.Wttbton«^wny,