Page 1 Advertisements Column 1

Manawatu Herald, 22 September 1892, Page 1

PROSPECTUS OF The Manawatu Farmers' Co-operative Association, Limited. frjcovporated. nnder "The Companies Act, 1882." Capital £100,000. Divided into 20,000 Shares ot £5 eaoh, with power to increase as required. Payable us follows : os on application, 5» on allotment, and the balance by et\U. It is not anticipated that it will be necessary to call up any further capita beyond £1 per share, hut in no caseAvill further calls be made exceeding 2s Cd per month. PROVISIONAf. DIRECTORS : •J. D. R Hewitt, Cap., R.N. \V. fc. Gakpneb, Esq. J. E. Nathan, Fsq. F. P. Snow, Esq. L. Waixw, Esq. (Wallis * Smith) JtMEB Stouhs, Esq. ~S\, Cohen, Esq. Witl) power to add to their number. BANKERS:. The Bp.uk of Australasia. SECRET A [I V: To be appointed. SOLICITORS : (To be appointed at Palmerston,) PROSPECTUS. THE Association has heen formed for the purpose of acquiring the old established and successful General Business of Messrs Joshpii Nathan & Co. at Palmerston North, in the Manawa n District, >-nrl thereafter to carry on a general business upon the co-operative principlf, under \vh : ch shareholders and customers of the Associntion will share in the j profits ncoording to methods to l>o j determined from time to time by the Direotore, and for the other purpose j mentioned in the Memorandum ot Association, a copy ot which *s en - 1 dorsed on thin prospect"*. j An aßßociation of this nature re> ! quires, in the chief c ntres, commo- i dions business premises replete with fneilitii sfor economically. and expodi tious'y carrying on the <1 s-trir-utj'ng trade. . ; Experienced managers, with a thorough knowlpcgeot. oi;alr<qniro* merits, ai" iiid^pensihle f.^r the efficient co duot of the I nsium». and for fceepii'g good saleable pl< an Itocke. . It is neoesaary to lenow in vita* markets, at what se&Bcuiß, and in ; what quantities^ buy their re- j quirements. It is of even greater! importance t » know hnw. where ' an i when to export ■ r otherwise dispose of the produce to the best advantage. But the real difficulties of all such institutions is the beginning ; f«r they must have capital . at command, and have such finair j oial arrangements, not only in the | Colony, . but in the various mat kets of the world, as will inspire the utmost confidence, to enable it to build up a first class credit nnd good name, and thus transact business on rook bottom limits. The profits of the Association after pnyment of expenses will belong to and be distributed amongst the shareholders It is at present pro 1 pesed 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 anionn,t of business done by each, and a bonus to employees, and to carry part »o a Eeserve Fund for the equalisation of 'dividends, and for the distinct object of starting or investing in suoh local industries in the district as will prove conducive to the welfare of the shareholders, etupl '}' labour, and promote the weal.ji -and population of the district. Tho Association will, wherever sufficient inducement is offerei by settlers and others. »nd subject to the consent of the shareholders, endeavoi >• to, ally itself or amalgamate with Bi»'ilftir. institutions,- and thus, by sharing the cost of management and conduct of business, reduce expenses and enlarge its sphere of usefulness. Th»« w for from being a speculative concern. The business of the vendors has been carried ion successfully for years, and, the promotes have such confidence in, the future of the Association that they are prepared, so Jong as they liave fair representation on tho Board oi Management under the eonttol of Mr Cohen, to guarantee that the dividend for the next two yeaie shall not be less than 6 per It thonA b* jpiatoly w&deratop