(o,)To manage and deal with any land,or property which may come into the posses sion of tho Association as security for any debt in sich manner as to the Directors shall seem fit, .with at.full powers as any individual»ould have in like ease, (p.) To construct, carry out, maintain, im prove, manage, work, control, and super intend any stores, factories, warehouses, and other buildings, works, plants, and machinery, which may seem directly or indirectly conducive to any of the Asso ciation's objects, and to contribute to, subsidise, or otherwise assist or take part iu any such operations or concern'. Q.) To make such arrangements as the Direc tors think fit for granting, and to grant, r special concessions, reductions in prices, d rebate in prices, discounts, or other ad vantages to shareholders, or to person! ,t purchasing at the factories or stores of the s Association, or to both shareholders and j such purchasers, j (n.) To cairy on any business of tho Associa turn upon co-operative principles to such ?■ extent, and with such limits, and subject J n 'to such provisions as to the Directors '■ shallscem fit. o (s,) To make advances and loans to any per o son, company, or firm, and either with or « without security for re-payment, if (T.) To do all or any of the ahovo things as i! principals, ajents, contractors; or trustees, or otherwise, and either alone or in con junction with otheis. and by or through trustees, agents, or otherwise, and either alone or in conjunction with others, and by or tliroush trustees, agents, or other -11 wise, (d.) To do all such other thing; as may bo rad ii dental or jonducive to the attainments of tho above objects or any of them, e 4, The Liability of the Association is Limited, e 5. Tho Capital of the Association is £IOO,OOO, divided into 20,000 Shares at £5 each FIRST SHIPMENT AUTUMN WINTER GOODS- Special this week. LADIES ULSTERS, CLOAKS, 'JACKETS, A GRAND VARIETY OF DRESS MATERIALS. The Best Value in the District, NSPEOTION RESPECTFULLY C. SMITE & CO., 1 DEVONSHIRE HOUSE, MASTERTON. '- ANNUAL LICENSING' MEETING. 