172 QUEENSLAND AGRICULTURAL JOURNAL. [1 Mar., 1898. 
the application fee, which should be 5s. per share. Shares should be £1 each, 
liability limited to that amount. There should also be a limit to the amount 
of shares that one person should hold—say a minimum of five and a maximum 
of twenty. I think the whole of the money should be paid as follows :—Five 
shillings per share on application, and the rest upon allotment, as it will all be 
wanted on account of so much funds being required to establish a going concern, ’ 
as jam and preserving factories, also other works, will be wanted, not only in 
the city, but in the fruit and vegetable growing centres, because the carriage 
will be so much less when these are condensed than it would be when they arein 
their raw state. A directorate of five, and a competent general manager, with 
assistant or under manager at the several depdts, would be elected by the 
shareholders, each shareholder having only one vote, whether he have five or 
twenty shares. Nothing less than 30,000 shares at £1 per share should be 
attempted in connection with a market gardeners’ fruit and vegetable 
co-operative society, and at least one-half of this amount should be allotted 
before such company is registered. 
The expense of floating such a company would only be £375, supposing 
all the shares were allotted—that is, without printing, and a few,other items 
which would not amount to a great deal. 
