Page 1 Advertisements Column 1

Manawatu Herald, 6 October 1892, Page 1

PROSPECTUS OF ThQ Manawatu Farmers' Go-operative Association, Limited, Incovporated ' under "The Companies Act, 1882." Capital £100,000. Divided into 20.000 ' Scares of £5 each, with pow»\f to increase as required. Payable <ts follows : 5a on application, 5s on Rllolment, and the balance by $all*v It is not anticipated that it w;il be necessary to call up any further Capita beyond £1 per Share, but in no case will further calls be made exceeding 2s "6d per month. PUOVISIONAL DIBECTOBS : J.D. B Hewitt, Uapi, B.N. • AV.S. Gardnbb, Esq. J. E. Nathan, Fsq.- ' , F. P. Snow, Esq. L. \VfiOJB, Esq. (Wallis & Smith) James Stubbs, Esq,. 11. Cohen, Esq. With poorer to add to their number. 1 BANKERS: The Bank of Australasia. BECBETARY: To be appointed. SOLICITOBS : (To be appointed at Palmerston.) PBOSPECTUS. n\|lE Association has heen formed 1 , for the purpose of acquiring the old established and successful General Business of Messrs Joseph Nathak & Co. at Palmerston North, in the Manawa'u District, »nd thereafter to cavry on a general business upon the co-operative prinoiple, under •waioh shareholders and customers of the Association will share* in the profits, according to methods to he determined from time to timo by the Directors, and for the other purpose mentioned in the Memorandum ot Association, a copy bt which 's endorsed on this prospeotuß. An association of this nnture requires, in the chief cntreq, commodious business premises replete with facilities for economically and espedi tiously carrying on thfi d 'striruting trade. Experienced managers, with a thorough knowledge ol 'ocal v< qnirementß, am indespensible f,>r the ef&cient conduct of the business, and for keeping good saleable olian Btooks. . , t It is neoessary to know in what markets, at what seasons, and in what quantities to buy their requirements. It is of even greater importance t> know how. where an i when to export r-r otherwise dispose of the produce to the bpst advantage. But the realdifficulties of all such institutions is the beginning ; for they must have capital at coinnjand , and have such finan * dial arrangements, not only in tl c Colony, but in the various markets of the world, as will inspire the utmost confidence, to enable it to build Wa'firafi # 8S orfidit and S ood name, and tbiis transact business on rook'bbttom' limits. The profiiEs of tte 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 cany part io a Beserye 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 population of the district. The Association will, wherever auffioienl inducement is offered by BBttlerfl and others, und subject to the consent of the shareholders, eudeavocr to ally itself or amalgamate witb^ similar institutions, and thus, by sharing the cost of management and; conduct of business, reduce expenses and enlarge its sphere ol usefulness. ■ This is far from being a speculative concern. The business of the vendors ha» been carried lon successfully foi -veara. ans the promoters have sue! confidence in the future of the As sociation t»B* fcay «c preoared, 6( long aB they baye^fairrepresentatior on the Board oi Management undei ih» control of Mr Cohen, to guarantee that the dividend for the next tw< yea'BfrhaUnotbe leas than 6 pei C °lt should be plainly understood