Page 1 Advertisements Column 1

Manawatu Herald, 1 October 1892, Page 1

. PROSPECTUS OF Tha Manawatu Farmers' Co-ojperative Association, Limited. Incorporated under "The Companies Act. 1882." Capital £1 00,000. DivUert into 20,000 Shares of £5 each, \ , • with iHMVH- to incivase as required. I'ayaWe as fallows : "i* on application, fig on allotment, anil the Lmliiiic* by calls. It i s not anticipated that it will be necessary to call up any f urthpv capital beyond t'l per >ham. bnt in no case will further calls be mud'! <■•. cording 2s 6d per month. PROVISIONAL WIRE' TORS: , ,3. W. R Hkwitt, Cap", It. N. W; S. Gakdnkh. E«j. J. E. Nathan, Fsij. V. P. Snow, Esq. L. WAUMfI. Esq. (Walli* A- Smith) JiMKB STUBUS, Esq. M. Coukm, E3q. With power to add to llnir nmnher. BANKER.*: The Bauk of Austvalasin. SECRET A II Y : To be appointed. SOLICITORS : ■\i{so: be appointed at Pahnerston.) j V ;'t.;; prospectus. j HE Association has heen formed \ for the purpose of acquiring the old establi^liod and successful General Bneinoss of Messrs Josi-ph Nathan & Co. at Palmerston North, in the Manawa v District, i-nd 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 lie ' determined from time to tiinn by the | Directors, and for the other purpose , mentioned in the Memorandiim ot Association, a copy ot which "s en • ■ (lursod on this prospectus. I An association of this nntnre re- , qnirep. in ihe chief en' res, commo- '■ (lions business premises, replete with frtciliti- s for economi'ally ami expedi i tiously carrying on Uih' «1 Mrihuting trade. Experienced managers, with a thorou.h fcnowlenge ol ocal n qnirements, ar inde-<peusiblo f r the efficient co- duct of the I usintss. and for keopiug; good saleable uh-nn Blocks. It is neoessary fo know in what, jnnrlcets.'at- what sensons, nnd in what quantities t^ buy their ro- ! qnirements. It i" of even greater iipporlance t • know h'>w. 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 tho beginning ; for they must have capital at command, and have such financial arrangements, not ou'y in the , Colony, but in the various ma kefs of the world, a? will inspire the uf. mostcqnfidencp, to enable it to build up a first class credit and good name, and thus transact business on reck bottom limits. 'Tha profits of tte Association after : prtynient of expenses will belong to and be distributed amongst the shareholders It is at present pro* ppsed after payment to shareholders of a dividend of 7 per ceut upon auiqunt of paid up capital to divide pait of thebalaDce of the profits amongst tlje shareholders, according to the amount of bubitiess done by eiich, and a bonus to empl -yees, and to carry part 'to a Eoserve 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, empl-y labour, nnd promote the weal li and poj ulation of the district. Tho 'Association' will, wherever Kunlcleiit inducement, is offered by settler* an«l others, und subject to the consent of the shareholders, eudeiivoc i to ally itself or amalgamate \yitii similar institutions, and thus, W .sharing flic cost of management and conduct of business, reduce expends and enlarge its sphere of usefulness. 'jMiJa is f>ir fiom being a speculative concern. The business of the vendors bas'tie'en otfrried'.'on successfully for years, an J the promote s have snob confideWe in the future of the Asgociation tliat they are prepared, so loi>|? as they have fair representation oh the Board of Management under the control of Mr Cohen, to guarantee Qint Ihe dividend for the next two yeais slittl not be leBS Ihnn 6 per It llipu'd bo plainly urdorstflfld