Page 1 Advertisements Column 1

Manawatu Herald, 29 September 1892, Page 1

; ■■;■;■•' ; ; ;-- PROSPECTUS yyy... .; . 'OFThe Manawatu Farmers' Cc. -operative Association, Limited* Incorporated under •• The Coin- ,,, panics Act, 1882." Capital £1 00,000. •Divided iuto 20,000 Shares of £5 each, with power to }ncrea3o as required. Payable as follows : 53 on application, : 5i on allotment, and the balance by balls. It is not anticipated that it :,<!■■ will be necessary to call up any further / capital beyond £1 per fhare. but in no case will further calls be made exceed- ' ' ' ing 2b 6d pci 1 month. PROVISIONAL DIRECTOES : J. D.R Hewitt, Capt, R.N. AY. S. Gabdneb. Esq. ''•"" J. E. Nathan, fsq. i\ P. Snow, Esq. L. W_lm«, Esq. (Wallis & Smith) | , Jamks -^.cubbs, Esq, : >j..po'.r_ii, Esq. Witk 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 iof acquiring tbe old established and successful ' General Business of Messrs Joseph Nathan: & Co.' at Palmerston North, inthe Manawa' u District, >md thereafter to, carry on a general business Upon the co-operative principle, under which shareholders and customers of the ; Association will share in the profits, according to methods to ho determined from.time to tim .by tlio Directors, and for the, other purpose mentibneilin the; Memorandum oi Association* a, copy o^ wbich ,'§ en! doraad,dn tbis.pro.speotus. \ An ;a .soqiation of, this unture requires, in the chief o ntres, commodious business premises replete with facilities for economically and expedi tiously carrying on;the d Uributing trade. , -Experienced; managers, with a thorongh knowledge ol ocal vr qnirements, aro indespensible. ft the efficient conduct of tbe 1 usiuess. nnd for keeping good saleable cl* an atocU, . ,It is necessary to know m wha?. markets, at - what seasons, and in what quantities t. buy their requirements. Itis of eveu greater impor. anoe t-> know how. where anl wjien to export or otherwise diaposeof the produce, to the best advantage. But the realtdifficulties Of aU such institutions is the beginning; frr they must have capital at ©on_irt&nd» and have such finau* <}ial arrangeßaerits, not only in the Cotony,;butin the various ma.kets of the world, a 8 will inspire the uf most confidence, to enable it to build Up a first class credit and good name, and thus transact business on rook bottom Theprofits .ofthe Association after payment qf 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 amonn* of paid up capital to divide part Of th,e 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 ior the distinct object of starting or ini^s tingiin suoh local industries in the district as will proye conducive to the welfare of the shareholders, employ labour,, and promote the wealth and population of the district. The ABsooiattou will, wherever sufficient inducement is offered by setilers and others, ; und subject to th_i- onsent of shareholders, eudeavour to, ally, itself or amalgamate with similar institutions, and thus, by ahapbig the cost of management an^ conductpf business,, reduce expnsea^nd.eniarga,; its sphere ol * usefulness.This is f«r from heing a speculative conceri j r iThe I. v sipess ot the itendorj has been carriedlon suoceesfuliy foi .yaarft^d the promoters have spcl oonfidMWse inthe future of the As sooialion tl»at they are , prepared, 6( * long w they fa,ir representatior on' the Board oi Management undei theqontrojof Mr Oobeo, tp guarante( that the .dividend for the next twc yearn ?hftUnot>e Jess thnn 6 pei * j ;It \ shpnld fy V ] *w}y understooi