Page 3 Advertisements Column 4

Wanganui Chronicle, Volume XXXIII, Issue 11332, 29 July 1891, Page 3

I'ublic Notices. PRO3PE C T U S OF THE WEST COAST FARMERS 7 CO-OPERATIVE ASSOCIATION (Limited). To be incorporated under the provisions of " The Comranies Act, 1882./ CAPITAL - £200,000, in 40,000 Shares of £5 each, with power to increase. FIRST Issue of 20,000 Shares is offered for subscription, in respect of which it is only proposed to call up 25s per Share, payable asfollows, viz :— 5s on application, 6s on allotment, and the balance up to 25s per Share in calls of 5s per Share, to be mada at intervals of not less than three months. The balance of 75s per Share will remain as a reserve of uncalled capital. It is not proposed to register tho Association until at least 4000 Shares are subscribed for. In allotting shares regard will be had to priority of application. Temporary Office— Wanganui. PROVISIONAL DIRECTORS: Wanganui.— Hon John Bryce, Messrs T. Higgie, E. B. Fletcher, H. N. Harrison, Alexander Higgie. Waverlet. — Messrs W. Wilson.G. Death, James Aitken, Duncan McDonald, R. Bremer. Mabton and Bulls.— Messrs John W. Marshall, Donald Fraser, Geoffrey Potts, David Scott, John McKelvie, John T. Dalrymple, A. Cruickshank, W. A. Keiller, Arthur Amon, James Howard, James O. Lilly, Alfred Ross, Dr Skerman. | Feilding and Halcombe --Major F. Moore. Messrs Albert H. Finnia, Charles Fitzherbert, H. L. Sherwell, LBwis S; Browne, Walter Johnstone, W. A. L. Bailey, John Pollock, William Mills, Owen Pleasants, H. Jacobs, J. R. Johnstone, Alex. Bell, D. G. Riddiford, Robert) Linton. Palmerston North — Messrs William Coombs, John Cotter, Richard O E. Carey, Peter Stewart, G. Remington Jones, A. Russell, Edward John Armstrong. Sandon and Carnarvon — Messrs J. A. Bailey, James Bull, Robert B. McKenzie, Alexander McDonell, Tom McKenzie, B. S. Penny, Henry Hammond, Duncan D. McKenzie. Bankers : The Bank of Aew South Wales. Solicitor : Mr T. R. Cash, High-street, Marton. Manager : To be appointed after first "meeting of Shareholders. Secretary : (Pro Tern) Mr Walter Smail, Wanganui. Broker : Mr John Stevens, Bulls. REASONS FOR FORMATION OF THE ASSOCIATION. 1. — The obvious necessity that farmers and all other producers, resident on the West Coast of the North Island of New Zealand, should be able to dispose of their wool, frozen meat, grain, dairy produce, flax, fruit, and any other products at greatly reduced rates of commision, and be able to purchase all farm and station requirements at cost price, less actual esponcea. 2. — The successful results achieved by Co-operative Associations in other countries and in other parts of New Zealand—notably, by the Farmers' Co-opera-tive Associations in Canterbury. OBJECTS OF THE ASSOCIATION. The Association is established for the purpose of carrying on the business of a Co-operative .Association in all its branches, including the direct importation and supply of farm and other station requisits, and the Memorandum and Articles of Association will enable the Association, — 1 . — To purchase, lease, exchange, hire, or otherwise acquire and construct any land, buildings, warehouses, for the storage of wool, grain, and produce of every description, saleyards, railway sidings, machinery, all necessary' plant, stock-in-trade, merchandise, aid all such other real and personal propety as bythe directors for the time being shall be deemed necessary or convenient for carrying on the business of the Association, 2. — To soil either by public auction or by private contract, live stock of every description, all farm and station products and requisites, implements, machinery chattels, and effects of all kinds, upon such terms and conditions as the directors may frou time to time appoint. 3.- To afford faculities to the shareholders and constituents of the Associations for, or to undertake for them, the shipment of their produce to the various markets of the world, and to appoint agents in Great Britain, the other. colonies, and foreign countries, for che furtherance of this object. 4. — To make advances to the members of the Association or any other person or persons upon real and personal securites, as may from time to time be approved of by the directors, and to receive money on deposit at interest or otherwise. 5. — To sell, exchange, improve, manage, lease, mortgage, dispose of, or otherwise deal with, all or any part of the property of the Association. ADVANTAGES OP THE ASSOCIATION. To secure to the farmers, graziers, and producers of the West Coast, by co-operation, the benefits of interchange, which have hitherto gone to the agents or distributors alone. By adopting the principle of co-operation iv the formation of tho Association, farmers, graziers, fiaxinillers, and all other producers who are shareholders and constituents, may sell their products and buy what farm and station requisites they, severally require in the most favourable markets, and at tne same time sliare in the profits of the Association, which after payment of all expenses, will belong to and b 3 distributed among the shareholders. The Association will collect and supply to shareholders agricultural and other statistics; prompt, disinterested, and reliable information as to tho state of aud advantages offered by tho various markets throughout the world, Tho Association will seek to ally itself with other kiudred institutions, and bo, by sharing the costs of agency in British and foreign markets, reduce such costs, while increasing correspondingly the advantages to shareholders. The profits of tho Association, after payment to shareholders of a dividend not exceeding seven and a half per cent, per annum, aud after making provision for writing ott so much of the assets of tho Association as may be deemed advisable and providiug for a reserve fund, will be divided amongst the shareholders, according to the amount of business done by each with the Association, or according to any other system of division as may from time tolliine bo approved of by a majority of shareholders at a general meeting of the Association. The annual reports of other similar Associations show the satisfactory financial results which may be attained by such enterprises, and induces the belief in the minds of tho promoters that equally satisfactory results may be achieved in this part of thecolouy, and while offering a safe investment for capital, that the West Coast Farmers' Co-operatiTe Associatiou may become, not only a source of profit to its shareholders and constituents, but also a great and permanent benefit to tho farmers, graziers, aud producers of tho West Coast generally. JOHN STEVENS, Broker, Bulls. A SPLENDID Selection of Dinner Services, all New, Good, and Cheap, at E. Moults, Direct Importers. "VTT ANTED KNOWN CHEAP FIREWOOD. Having added an Engine and all requisites for Cutting up Firewood to our Plant, we are now prepared to sell Cut Wood at the following prices : — per Cord Rata, Manuka, <& Black Maire ... 34s Matipo or Matai ... 31s Tawa 27s Rata, &c. (4i't lengths) 30s Matipo, &c 28s Tawa 24s Mokau and Brookdale Coal on hand. HORSLEY AND BLTTH, Ridgway-street. HOSPITAL For Pipes at CRICHTON'S If you want your Pipe Mounted or Repaired take it to CRICHTON'S Pipe Hospital, opposite Smiley's Stables, and next to E Moults, VICTORIA AVENUE.