Page 1 Advertisements Column 6

Feilding Star, Volume IV, Issue 69, 13 November 1883, Page 1

_ Prospectus PROSPECTUS OF THK FETLDING CO-OPEEATIV ! STORE COMPANY, Limitki To be Registered under " The Companio Act, 1882." Capital, £10,000 in 2,000 Shares of £ each (with power to increase), < which there are 910 Shares alread subscribed, leaving 1,090 now offerei payable as follows : — Deposit on Application, 10s per share on Allotment, 10s per share; fin call, payable not less than thrt , months after allotment, 20s per shan Further calls will not exceed £1 pc Share per quarter. Should no allotment be made the d. posits will be returned in full. p Provisional Directors : The following gentlemen will act o fhe Company's behalf until the appoint ment of the Permanent Board by th shareholders — H L. Sherwili.J.P. j J. H. Fry, J.P. li. Loudon I D. li. Lewers Peter Stewart W. G. Hajbittlo J- C. Thompson { Pobert Linton R. Mcßeth j C. Bray With power to add to their number. Bankers : Ihe Bank of Australasia. Solicitors : Prior and Sandilands. c Interim Secretary : R. Loudon. Temporary Offices: Cash Drapery Warehouse, Kimbolton Road. The proposed Company will hi it formed tor the purpose oft-akin"- ovei tbe well-known established andgoinj business concerns of Messrs Lewers London, Thompson, and flayiu'ttie General Storekeepers, as now carrier on at Feilding, and to continue aru extend the same under the provision? of •' The Companies Act, 188*2." Ji is proposed to divide th-. businesses into three separate Departments — oik to consist of Drapery, Clothing-, and Boots, one ot Iroiimon<rery, Hardware r China and Glass, and the other o Groceries and Provisions. This ar- • rang-ement will avoid the necessity ol 1 keeping on hand duplicate and triplicate supplies of stock as done at the present time by the proprietors ot the several businesses now proposed to be taken overThe stock in trade, working plant, and live stock in connection with the several businesses at the time of the formation of the Company will be taken over at a valuation. The premises now in the occupation of Messrs Loudon, Lewers and Thompson will be leased by the Company for a term of years, and the stock divided and kept in separate departments as above. Messrs Loudon and Hayhittle have offered their services as managers of two ofthe departments and tbe third will be filled by a manager as soon as a compet'-nt man can be obtain d. arid in the meantime provision will be made for the management of this department. An agreement has been entered into da'ed the Ist day ot Octobir, , 1883, between Messrs Loudon, Lewers, Thompson, and Haybittle as vendors, atid the Provisional i'irectors as purchasers for tbe sale .nni purchase of tbe good will and stocks of the several businesses of the vendors. With the proposed capital the Company will be in a position to make ' all their purchases for C A SH, thereby obtaining the trade discount. With tbe support of a numerous body of shareholders as customers the directors have every reason to hope tbat tbe business of the Companj* wiil far exceed that at present done by the four establishments which it is now proposed t<> take over. ihe Company will also he in a position to import all their wares and i goods direct from tbe best rm-nutac-turies iv England and elsewhere, thereby saving- the importers' chargres and profits, and other trade expenses. 'J he purchase and export ofproduce will also form part of the business of the Company, and it is considered that a large profit will be made from this source also. The liability is limited to the amount ofthe shares taken. Applications tor shares may be made at tbe Company's temporary offices, Kimb.lton road, Feilding, and at the branches of the bankers of the Company in Feilding, Palmerston,, Sandon, Bulls and Marton, or with MrR. Loudon, the Secretary pro. tern., at Feilding. N Oil C E To"T li ii TR A V ELLhNG PUBLIC. S. DAW'S EXPRESS X) DiN'S between t'te railway station Feildin 'r, am miv part of the .own ior tbe couve)auce ot passengers and a oods. s, E. cm also supply the inhabitants of the town with either of the _iuder r >eationed kinds of wood, in any quantity or length— Rata, matai, and tawa. X LEX. FERGU S SO N, Ironmonger, <§;c.. THE SQUAIIK, PALMERSTON. For detailed advertisements see " Tbe Settlers' Friend."