Page 1 Advertisements Column 3

Wanganui Chronicle, Volume XXXIII, Issue 11387, 1 October 1891, Page 1

Business Notices. PROSPECTtJ S OF THE WEST COAST .FARMERS' CO-OPERATIVE ASSOCIATION (Limited). To be incorporated under the provisions of " The Comjanies Act, 1882./ CAPITAL - .£2OO,OOO, 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 made 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, the Association until at least 4000 Shares are subscribed for. In allotting shares regard will be had to priority of application. Temporary Office— Wanganni. PROVISIONAL DIRECTORS Wahganui.— Hon John Bryee, Messrs T Higgie. E. E. Fletcher, H. N. Harrison Alexander Higgie. Wavkblbt.— Messrs W. Wilson.G. Death, James Aitken, Duncan McDonald, R. Bremer. Marton and Bells. — 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. Fmldjng and Halcombb -Major F. Moore. Messrs Albert H. Finnis, Charles Fitzherbert, H. L. Sherwell, Lewis S. Browne, Walter Johnatone, W. A. L. Bailey, John Pollock, William Mills, Owen Pleasants, H. Jacob 3, J. R. Johnstone, Alex. Bell, D. G. Riddiford, Robert Linton. Palmeeston North — Messrs William Coombs, John Cotter, Richard O, E. Carey, Peter Stewart, G. Remington Jonea, A. Russell, Edward John Armstrong. Sandon and Cabnarvon— Messrs J. A. Bailey, James Bull, Robert B. McKenzie, Alexander McDonell, Tom McKenzie, B. S. Penny, Henry Ham mond, Duncan D. McKenzie. Bankers : The Bank of New 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. I.— The obvious necessity that farmers and all other producers, resident on the West Coast of the North Island of New Zealandj should be able to dispose of their wool, frozen meatj grain, dairy produce, flax, fruit, and any other products at greatly reduced rates of uommision, and be able to purchase all farm and station requirements at cost price, plus actual expences. - - 2._ The successful results achieved by Co-operative Associations iv other countries and in other parts of New Zealand—notably, by the Farmers' Co-opera ive 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 des--cription, saleyards, railway sidings, machinery, all necessary plant, stock-in trade, merchandise, and all such other rea 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 sell either by public auction or by private contract, live Btock 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 f rou time to time appoint. 3.- To afford faculitie3 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 she 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. s.— To sell, exchange, improve, manage, lease, mortgage, dispose of, or otherwise deal with, all or any part of the property of the Association. ADVANTAGES OF THE ASSOCIATION. To secure to the farmers, graziers, and producers of the West Coast, by co-oporatioii, tlio benefits of interchange, which have hitherto gone to thelagents or distributors alone. By adopting the principle of co-oxieration in the formation of the Association, farmers, graziers, flaxmillers, nnd nil other producers who are shareholders and constituents, may sell their productsand buy whatfarmandstatlo.l requisites they severally require in the most favourable markets, and at the same time share in the pro* fits of the Association, which after payment of all expanses, will belong to and be distributed among the shareholders. The association will collecfcand supply to shareholders agricultural and other statistics ; prompt disinterested, and reliable infermation as to the state of and advantages offered by the various markets throughout the world. The Association will seek to ally itself with other kindred institutions, and so, by sharing the costs of agency in British nnd foreign markets, reduce such costs, while increasing correspondingly the ndrantnges to shareholders. '1 he profits of the Association, after payment to shareholders of a dividend not exceeding seven and a half per cent, per nnnum, and after making provision for writing off so much of the assets of the Association as may be deemed advisable and providing for a reserve fund, will be divided amongst the shareholders, according to the amount of business done by oach with the Association, or according to any other system of divison as may from time to time be approved of by a majority of shareholders at a meeting of the Association. The annual reports of other similar Associa. tionsshow the satisfactory financial results which may be attained by such enterprises and induce the belief iv the minds of the promoters that equally satisfactory results may be achieved in this part of the colony, and while offering a safe investment for capital, and that the West Coast Farmers' Co-operative Association may become, not only a Bcource of profit to its shareholders and constituents, but also a great and i>ermanent benefit to the farmers, graziei s. and producers of the West Coast treneraily. JOHN STEVENS, Broker, Bulls. WANTED Known— ■ J. H. Dalton gives an extra Pair of Trousers with each Suit. Everyone to go to Dalton's and get an extra pair of Trousers for nothing. BOYS, call and buy a 2s Stamp Album with stamp inside, at E. Moults Victoria Avenue. "ANTED Known — Nicholas and Remington's Great Stock-taking alo S* now in tvxU swincf.