Page 3 Advertisements Column 7

Feilding Star, Volume XIV, Issue 44, 29 September 1892, Page 3

The s.s. Ruahine has arrived f'ron London with the following goods foi W. 6. HAYBITTLE: Hemp Plough Line, Turkey OiUstones, ! Cast Butt Hinges, Anglo-American Picks, , Solid Steel Wedges, Kenrick's secret Axle-pulleys Painted-face Axle-pulleys Round Scythe-stones No. 60 A Rim Locks Japaned Padlocks Galvanised Padlocks Japanned Hat & Coat Hooks Stubb's Double-cut Fileß Flat Iron-plugged Weights Suffolk Door Latches etc., W. G. HAYBITTLE Has also in stock : Hematite, Oils, Paints, Roofing Iron, Fencing Wire, Paperhangings, — AND A — LARGE ASSORTMENT —OF— GENEEAL IRONMONGERY SHACKLOCK RANGES. J/V. G. Haybittle^ "PROSPECTUS of the MANAWATU L FARMERS' CO-OPERATIVE ASSOCIATION, Limited. Incorporated under " The Companies Act, 1882." CAPITAL r£lOO,OOO; Divided into 20,000 Shares of £5 each, with power to increase as required. Payable as follows : 5s on application, 5s on allotment, and the balance by calls. It is not anticipated that it will be necessary to call up any further capital beyond £1 per Share, but in no case will further calls be made exceeding 2s 6d per month. Provisional Directors: J.D. R. Hewitt, Capt. R.N.. W. S. Gardiner, Esq. ; J. E. Nathan, Esq. ; F. P; Snow, Esq.; L. Wallis, Esq., (Wallis and Smith); Tames Stubbs, Esq.; W. F. Elkington, Esq.; M. "Cohen, Esq. ; with power to add to their number. Bankers: The Bank of Australasia. Secretary: To be appointed. Solicitors: To be appointed at Palmerston. PROSPECTUS. The Association has been formed for the purpose of ncquiring the old established and successful General Business of Messrs Joseph Nathan & Co. at Palmerston North, in the Manawatu District, and thereafter to carry on a General Business on the Co-opera-tive principle, under which Shareholders and Customers of the Association will share in the profits, according to methods to be determined from time to time by the Directors, and for the other purposes mentioned n the Memorandum of Association. An association of this nature requires, in the chief centres, commodious business premises replete with facilities for economically and expeditiously carrying on the distributing trade. Experienced managers, with a thorough knowledge of local requirements, are indispensible for the efficient conduct of the business, and for keeping good saleable clean stocks. It is necessary to know in what markets, at what seasons, and in what quantities to buy their requirements. It is of even greater importance to know how, where and when to export or otherwise dispose of the produce to the best advantage. But the real difficulties of all such institutions is the beginning ; for they must have capital at command, and have such financial arrangements, not only in the Colony, but in the various markets of the world, as will inspire the utmost confidence, to enable it to build up a first-class credit and good name, and thus transact business on 1 rock bottom limits. The profits of the Association after payment of expenses will belong to and be distributed amongst the Shareholders. It is at present proposed after payment to Shareholders of a dividend of 7 per cent upon amount of paid up capital to divide part of the balance of the profits amongst the Shareholders, according to the amount of business done by each, and a bonus to Employees, and to carry part to a Reserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in such local industries in the district as will prove conducive to the welfare of the Shareholders, employ labour, and promote the wealth and prosperity of the district. The Association will, wherever sufficient inducement is offered by settlers and others, and subject to the consent of the Shareholders, endeavour to ally itself or amalgamate with similar institutions, and thus, by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness. This is far from being a speculative concern. The business of the vendors has been carried on successfully for years, and the promoters have such confidence in the future of the Association that they are prepared, so long as they have fair representation on the Board of Management under the control of Mr Cohen, to guarantee that the dividend for the next two years shall not be less than 6 per cent. 1 It should be plainly understood that the promoters do not desire now nor in the future to take out their capital, but to carry on the business on the new lines with Mr Cohen at the head of affairs, assisted by all the present staff, many of whom have been known to you for years. Disinterested experts will be employed to certify that stocks have been taken at absolute cost, and all bad or old stock has been reduced to the market value or taken away altogether. Book Debts taken over are guaranteed against loss by the Vendors. The following contract has been made, namely :— A contract between Messrs Joseph Nathan & Co. and the Association. Applications for Shares should be made upon the form accompanying the Prospectus, and forwarded to the Bankers of the Association, together with the amount payable on application. If no allotment is made the deposit will be returned without deduction, and where the number of Shares allotted is less than the number applied for, surplus will be credited in reduction of the amount payable on allotment. A form of Application for Shares is annexed, and a copy of Memorandum of Association will be found endorsed on the prospectus. A copy of Articles of Association and of the contract above-mentioned, may be inspected at the office of the Association. Dated this 29th day of August, 1892. (Signed) JOSEPH NATHAN & CO., Palmerston North. "opening announcement. WALTER HODREN, Ten years with E. Hodren, Wanganui, /"CONFIDENTLY expects to have \J his Cordial Factory in full working order by the Ist October, 1 when he hopes to receive a fair share of public support, satisfaction in return guaranteed. A good stock of civility and atten. tion always on hand. The Standard Steam iErated Water and Cordial Works, Queen Street, Feilding. ' THE^GALLEY^'wHISKEy 1 A T THE MANCHESTER HOTEL, FEILDING I From McNab's Famous Distillery] . THE absolute Purity of this wonderful Spirit is vouched for by the most distingniahed medical men of the day. For invalids or delicate persons the " Galley " Whiskey is unequalled for its recuperative powers, while from its great • age, combined with the care exercised in , its production, nothing deleterious remains therein. The most delicate flavored : and best brand ever imported. '> Sole Agent for Feilding and District — ; H. WOLLERMAN, Manchester Hotel.