MR REES IN ENGLAND.

Gisborne Standard and Cook County Gazette, Volume II, Issue 292, 30 April 1889, Page 3

MR REES IN ENGLAND.

PROSPECTUS OF THE COLONISING ASSOCIATION.

Wa have been favored with a copy of “ Capital and Colonisation,” in which appears the prospectus of the Co-operative Colonising Association, It is to have a capital of £lOO,OOO in 1004)00 shares of £1 each, payable as follows; -8s on application, 5s on allotment, and the balance in one month, bnt shares may bo paid in full on allotment. Interest to be computed on all moneys paid from date of payment, with power to increase from time to tiBlCa Of the first iuoe of 100.000 ordinary, shares, 18,000 will be reserved as part payment tor properties to ba acquired; 80.000 will be re* served for a period of time at the discretion of the Council for allotment to the industrial classes. Co-operative and other Associations; 18,000 are reserved for intending ►ettlers, and tbs remaining 40.000 are now offered to the ’ public for eultwription. The prospectus seta out There ere in the United Kingdom many people and families with moderate means who would gladly seek homes in the colonies, bnt are prevented by the uncertainty of finding a proper place in tbs new country, of meeting a welcome there, and the risk and possible ruin which may ' overtake them by reason of their ignorance of the habits and customs of the colonies, who if they were joined in company with others in like circumstances under efficient guidance, with a certain destination, cafe investment for their capital, and employment for their time, would bettor"* prosperous and useful colonists. And many others would be glad to assist their relatives- or friends to emigrate were a proper and efficient agency existing. For such the Association would aet as trustees. There are also, owing to various causes, large numbers of ths industrial classes who are unable to obtain remunerative employ meat, and thin unhappy state of things is ” becoming daily aggravated by ittorsMiug population. Ou the other baud, our colonial lands, to a practically illimitable sxtaat, are open and ’ avaflaMa for the profitable employment of labor In the development of their, resources and the creation of fresh wealth. It is beyond question that large amounts of capital ace now soaking remunerative investment in all directions, which as woll as the benofaotions of philanthropists, could bo safely and profitably utilized la transplanting our now unemployed labor to Ute waste Undo of ths ttHenfr., and employing it there under a proper system of management and control) and the results of such action would bo highly beneficial not only to ths persons op employed, but to tbs entire community both fa the colonies and at boms. In view of these considerations this Association has bean formed with ths following objects:—(l.) To promote and carry into effect a complete and equitable system of amraeratiea industry dirotted in the first footrace towards ootMisalion. (2 ) To pro. dues fresh wesUb by the factors fit nrwfaotire mw unutilized. (3.) To render the uuem - ploeed self supporting and woelth-prodacing members of the community. The Association will commence operations by the establishment, with as little delay m possible, of settlements and of business in the jfesth Island of Now Zealand. . The Aesrwiatlon will immediately proceed to erect refrigerating works at Gisboine for the purpose of importing into England frozen meat and butter from the Eas> Coast district The sheep farmers, cattle-owners, and dairy . nraato of that district havens certain orprofitable market for their produce, and have requested Mr Rees to obtain the auiatanoc of English capital for the purpose of ereoing such works. A profitable trade can In this Way be commenced without toes of time, which will not only provide for the payment of interest and of dividends upon the capital inverted, but will open the way for extensive tmsinsM armngumepje m th * .operations of the Association develop. The finest moat from New Zealand can thus be placed in the co-operative stores at a coat of less than 4d per pound, which, with a retail cash market at moderate prices, would leave a large margin for profit. Milk is readily supplied by the farmers around Gisborne to the dairy factories, at from ,3d to 4d per gallon, hut owing to the absence of freezing chambers Sris certain market, this industry is ham pored with m<ny difficulties. A rare cash market being -prov Med in the United Kingdom for meat and dairy produce, and the necessary freezing requirements being supplied, a very large and lufira'ive business will toise. The natives in New Zealand, who are the owners of ten millions of acres, chiefly in the North Island, have intimated their willingness to convey large territories of fer'ile land, at a price to be fixed by public valuation, as their oontributi-n towards the capital of the Atenelation, and have already conveyed and lr ved nearly three hundred thousand acres of land in Cook and Wairoa Counties. This land is fertile in character, with unsurpassable aHmats, having many frontages to the sea. Including to# harbor called Cook's Cove, Where Captain Cook careened and refitted his ships. A i stive chief named Wi Fere, and Mr W. L. Rees, with full power and authority to act, have visited England for the purpose of forming and promoting the Association. It is intended ultimately, if the first settlements be prosperous, end if the Association be desirous so to do, to purchase the land so conveyed the title to which, to the extent of about 250,000 acres, mostly freehold, is com piste, for the sum of 1'250.000, and 'O settle upon it a suitable ntunbar. qf farmers and othero, including laboring familiar ifrom Great Britain and Ireland Portions only of this territory will at first be contracted for, such as the Council may consider fit and appropriate for its purposes. , It is proposed to acquire and commence ' petdement upon the pakowhai Block, as per schedule. It should bo undf rttood that the acquisition and colonizing of the land hero referred to fa to be regarded ra merely the Initial step in the business of the Association, and that |t Is not jropoeed to fix any limit to the range of operations which the Association may from limp to time undertake, nor to Confine its colonizing work to New Zealand or to any other particular part of the Empire. The Association will retain within its own hppds too absolute control of the liquor traffic 1 there w(U be na public bars, and it Will be open to the Association at any time to prohibit entirely the sale of Intoxicating drink in aay- or all of jta towns and settlementr• " ' The neWyment and employment qflarge •ppjpKera of people upon these lands will more tows donble their value, while the labor employed in reducing land fa its natural state'to a condition of productiveness, in bulldiag towns and villages, and in estab, tithing manufactures and commerce, will ’ of toe *Vfben it-ia remembered that thp estates proposed *to be obtained are not only wall adapted for sheep and cattle, but by reason Of climate and soil, are capable of producing large quantities of the finest traits, as well as tobacco, flax, hope, and, In certain Incalitier, cereals and roots, it will be evident thst coder proper management good returns msy bo expected : while the lands which form the security of the capitalist shareholders will be aver increasing fa valqe, The Association will' create markets fa the United K'ngdom and elsewhere for its produets, either by catering into business • ■ smM’emento with Co-operative Societiee now existing, with some of which negotiations for the purpose are now proceeding, or by opening fresh Co-operative Stores ip different centres of population, It ig proper to odd that fae oil bearing “lode,” a*d flned by the New Zeeland Government aprvey. traverses a considerable portion of tbe land proposed ultimately to be saqaired. and then is reason to bellova that various valuable minerals exist it other portions o’ the property, The right tc •II minerals will pass with the land to thi Association. The Association win not S’l pay sites of, or allotments fa, towns or port: «r pleoes likely to become st extraordinarj wiH be distributed until interosl at the rate of seven percent per annum ha' faaff peM apoß the ordinary share capital o AIOO.MO-. And alt smart of Internet mor TrXs. W "• 41 * PwasanK 'wagto shall be made partly it Uwiwewht ebsros In order to eMfflebhi

wsge-earner to share fa proportion to his fall wages fa profits and incroaaed values. The amount of wages so to be paid in increase Value shares shall not be less than five per 'cent nor more than ten per oent of the Whole amount of wages earned by each employe of the Association respectively. The amount of wages so saved in expenditure by the payment of increase value shares instead of cash, shall be available for the payment of interest upon the ordinary share capital, and shall be used for such purpose. The firetissue of the £160,000 ordinary share capital, or such portion thereof as may be subscribed withfata time to be fixed by the Council, will participate in >ll profits ahd iooroased values to the fall amount sub. scribed

Future issues of share capital, and the division of profits and increased Values thereon, will be made on such terms as may ba dooidod upon by the, Couaoil. After payment brail expanses and charges, inc uding fa erest as above, - the cash profits will be annually distributed in dividends, fa which the c pitaHst, the colonist, or Other ae< vent of th* Association, and the consumer, will share pro rqia, according to the value of their o ntribu loos to the gpugral result. The increasing values taken at the triennial or other periods, as the shareholders may determine, will be distributed fa share capital created in order ih-t the share capital of the Association may equal in Value the property of the Aesooiatioo. Such distribution will be made in the same ratio as the yearly profits. To carry into effect this section there shall be created shares to be called “ incre se value shares,** which shall on y boar interest when they have been paid as wages; but shall participate in all dividends, and in th- case of winding-up or dissolution of the Association, shall only be entitled for receipt of aasete after the ordinary share capital shall have been paid fa full.

It is proposed that the increased value eharoasball be faalk-nabierrftir• pfriod of fifteen years from the date pt is-ue, thaeffect of this arrangement being to provide permanent and compulsory insurance for the laboring class. , . It is proposed, further, that all subscribers for shares, whether Individuals or association of individuals, to the value of £lOO and upwards, shall have the privilege of nominating settlers, under proper regulations, as to liability for cost of passage moneys, Ao,, in proportion to the amount subscribed, and that a similar privilege shall bo extended ,to purchasers of the produce of the Association to the amount of £2OO and upwards, Persons taking up Shares fa the Association to the amount of £lO and upwards will, Under regulations to be Issued to the public, be entitled to consideration as intending colonlsia. The Association will Undertake the practical educailon of young men M cadets j and willendeavor to ptnvidetoitablesmployment for women. In order to provide for oases where individuals or associatidbs of invividuals desire to purcheso lands fa freehold, or otherwise to avail themselves of the’ assistance of the Association, arrangements will be made to render euitable aid to such desses nt-fatoud-iog colonists, the Association acting as Agent. This Associative system offers gNat advantages to intending emigrant families, of whom upwards of eighty have already applied to Mr Rees, and to I'rado and Labor Unions, Co operative Bodies, and Benefit Societies, as well aa Philanthropic and Emigration Associations. .. -j. :

A small advance party of colonists are tn star|f<.r Gisborne early fa March. -Jn-nid 'in preparing for the reception of larger nutnbers at a later period; 9 * ’ No Promoters' or Founders’ Bh.ru will be issued, or promotion money paid,