Page 3 Advertisements Column 4

Thames Star, Volume LVII, Issue 15887, 27 July 1923, Page 3

THAT SHARE BOGEY More malicious misrepresentation and encouragement of misunderstanding is directed against the co-operative share-holding system than any other aspect of our business. The system is simplicity itself, and the only fair way of apportioning reward to responsibility and safeguarding the interests of suppliers and shareholders. e NO COMPULSION. There is no compulsion upon any farmer supplying the New Zealand Co-operative Dairy Company, Ltd., to take up shares in the Company. His supply is welcome whether he applies for shares or not, but it PAYS HIM to become a shareholder. Once a man applies for shares he receives a SPECIAL PAYMENT over and above that paid the non-shareholder. This payment —fd per lb. in the case of butter shares—is credited to his account until the £1 shares allotted on the basis of one share for every 701bs. of butter-fat supplied, are fully paid up. This takes about five years. 1 No cash deposit or contribution is asked from the supplying shareholder in this process. 5 Once shares are fully paid up on this self-paying principle the shareholder receives that fd per lb. butter-fat IN CASH./ It COSTS NOTHING to become a shareholder. The nonshareholder and the shareholder in the first stages receive EQUAL CASH PAYMENTS; but the shareholder, by expressing his preparedness in the interests of his own Company to accept his full status as a contributing shareholder, is given an EXTRA PAYMENT, which builds up a reserve, and which eventually earns an EXTRA CASH PAYMENT of fd per lb. on every lb. of butter-fat supplied for butter-making. This system means that if a non-shareholder receives 1/6 butter-fat, the shareholder receives 1 /6f. The fd is EXTRA. This is the best way we know of GETTING SOMETHING FOR NOTHING. Fully-paid shares in the Company are negotiable assets which the shareholder secures compared with the noit-shareholder. Original “ A ” shares are resumable after the cessation of dairying at their full cash value; “B ” shares to the extent of 75 % of their paid up value. All branches of the business are independent of the others. Each must stand on its own footing, and no department supports anything but itself. Cheese, casein, and milk powder shares are operated on the same principles. The New Zealand Co-operative Dairy Company Limited HAMILTON - PAEROA - AUCKLAND