Page 1 Advertisements Column 1

Manawatu Herald, 24 September 1892, Page 1

PEOSPECTUS OF The Manawatu Farmers' Co-operative Association, Limited. Incorporated under ,•• The Companies Act, 1882;" Capital £1 00,000. Divided into 20,000 Shaves of £5 each, with power to increaso as required. Payable as follows : 5s on application, 5s on allotment, and the balance by calls. It is not anticipated that it will bo necessary to call up any further capita' beyond i'l per share, hat in no case will further calls bs made exceeding 2s fid per month. PROVISIONAL DIRETTOIH: J. D. E Hkwitt, Cap., K.N. W. S. Gabdnkk, Ebij. J. E. Nathan, Fsq. F. P. Snow, Esq. &. Waiub, Ksq. (Wallis & Smith) JiMF.B STUinis.'Esq. , M, Cohen, Esq. With power to add to their number. BANKEIIS: The Bank of Amnmlasia. SECRETARY : To be appointed. SOLIOITOPvS : (To be appointed at Palmers ton,) PROSPECTUS. HE Association has been formed | . for the purpose of acquiring the old estahliidiec} and successful General Business of Messrs Josinr Nathan & Co. at Palmorston North, in the Manawa v District, nn<l thereafter to carry o»i a general business upon the co-operative principle, uuder which shareholders and customers of tho Association will sharo in the i profits ncoordiug to uiuthoda to l>e J determined from time io txm.- by tlio J Pirootore, and for the othar purpo*;'' i ihentioied in the Meroorandimi ot Ausooittiion. a cjpy i»t whu-h 'a en •! dorsed on this prospeofcus«, An iusociation of this nnture re« J qu>res, in 'ho chief c n'req, commo- i diu»B husinesa premis s replete with ! i'lciliii » for economically ami • xpnli j tiiiiisy t-arrying on the d t-triluting trade. ' : H«pi rieni-od umimg'rH. with n thorou h kno\»l« J ' ge oi offtl n qnirenientH,.af jnile-pejisiblu f r the Dlftcieut co iluot of the I usim-sn. un<l for keeping goud (JftUml'lt) pi- an It \* neoessnry to Know >n whaWrtrltets. at what seasons, and in what quantities t > buy their re- j quirt-men ts. It is of even greaior | impor.ance t know h»w. where an : when to export < v otherwise dispose of the produce to tho b.st advantage. But the real difficulties of all such institutions is the beginning ; f»r they must have capital , at coirinaand, and have such fiuan* j oial arrangements, not tn'.y in tl*e ( Colony, hut in the various ma kots of the, world, as will inspire the utmost confidence, to enable it to build ■up d, first class crodit and good name, and thns transact busiuess on rook bottom limits. The profits of the Association after payment of expenses will belong to and be distributed amongst the shareholders It is at present pro* posed after payment to shareholders of a dividend of 7 per cent upon ambuut of paid up capital to divide pait 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 «o a Reserve Fund for the equalisation of dividends, and for the distinct object of starting or investing in' suob local industries in the district as will prove oouducive to the welfare of the shareholders, empl".V labour, find, promote the wenl li and poj ulation of th,e district. Tbo Association wi!l, wherever sufficient inducement is offered by settlers aud others. >>nd subject to the consent of the shareholders, eir deftvbr to ally itself- or amalgamate with similar institutions, and thus, by sharing the cost of management {iuiVron«liict of bnsin-sa, reduce expends and enlarge its sphere of usefulness. • Th'ti ih fa* from boiug a speculative concern. The business of the vendors has been darried <ou successfully for years! aii.l the promote s have such confidence iv the future of the Association thrft they are prepared, so Jong as they have fair representation on tl c Board oi Management under ihei'itntrol of Mr Oohen, to guarantee that the dividend for the nest two yen** sdial not be less than 6 per cent. ' ]t i-hon'd to plainly uiidtrßto