Page 7 Advertisements Column 5

Evening Post, Volume LIII, Issue 100, 29 April 1897, Page 7

WINES! WINES! WHISKIES! WHISKIES! TWO THOUSAND CASES IN STOOK. HUM E~& SOW, WINE AND SPIRIT MERCHANTS, TEA DEALERS, GENERAL GROCERS, AND PROVISION MERCHANTS. PURE CEYLON TEAS, THE SI T p^ olduce0 I duce? ELI) 2/- p ™ L *-. ' DIRECT IMPORTERS of the following WINES, which we guarantee to be well matured, some over 20 years old. These Wines are bottled at the vineyards, which is a guarantee that the consumer gets the genuine article, as most wines bottled by merchants are adulterated. Adelaide Red Wines— Claret, Greenache, Port, Constantia, Frontignao, Old Tawny Port (over 15 years old). White Wines— Reisling, Chablais, Tokay, Sherry, Muscadine, Muscatel. All the Leading Brands of Continental Wines in Stock. The Best Brands of SCOTCH and IRISH WHISKY in case and bulk. Ask for our ten j years old GLENLIVET WHISKY from the cask. ALL GOODS SOLD AT LOWEST WHOLESALE PEICES. Address— HU M E & SO N, 63 and 65, WILLIS-STREET, WELLINGTON, THE LARGEST AND CHEAPEST GROCERS IN NEW ZEALAND. INCREASE OF CAPITAL OF THE WAIRARAPA FARMERS' COOPERATIVE ASSOCIATION (LIMITED). REGISTERED UNDER "THE COMPANIES ACT, 1882." f AUTHORISED CAPITAL " T „ M jglOO 000 In 20,000 Shares of £5 Each. ' ' SUBSCRIBED CAPITAL, 31st JULY, 189G , w „, M J374,020' Directors : M. CASELBERG, Chairman. D. J. NATHAN H. G. WILLIAMS W. BOOTH C. PHARAZYN L. J. NATHAN L. CASELBERG D. DONALD A. CAVE JOSEPH JOSEPH. Bankers : BANK OF NEW ZEALAND. Solicitors : BELL, GULLY & IZARD. Secretary: W. D. M'INTOSH. Brokers : HARCOURT & CO., D. T. STUART, A. T. BATE JAMES HENDERSON. J. G. CHAPMAN. I NEW ISSUE OF SHARES TO £50,000, To be called up as follows : — ORDINARY or " A " SHARES of £5 EACH, on which £1 per share will be called up u». _• : instalments of 2s 6d per share, at intervals of not less than three months. , , -p^ "B" SHARES of £1 EACH, with NO FURTHER LIABILITY, to be paid up in, instalments of 5s per share, at intervals of not less than three months. BOTH CLASSES OF SHARES are issued at a premium of 2s 6d for each £1 paid up, such premium being payable together with the first instalment of any even sum of £I,' In, consideration of this payment they PARTICIPATE IN THE RESERVE FUND, which now amounts to more than =£7500, and is equal to 3s 4d in the £ on the paid-up capital of the Company. The premiums received on the shares now offered to tho public will be added to the Reserve Fund. mHE Business of the WAIRARAPA FARMERS' CO-OPERATIVE ASSOCIATION X (Limited) was originally carried on by Mr. Ca6elberg, and was established in 1868. In 1891 it had increased to such an extent that Mr. Caselberg decided to convert it into a limitod liability company on the co-operative principle, and within a very short time the whole of the capital necessary was subscribed, viz. : .£74,020. Since July, 1896, the balance of the unsubscribed capital has been taken up, chiefly by the old shareholders, at a premium of 12s 6d per share. _ The purposes of the Association are similar to those of other co-operative societies ' which in this and the Old Country have done such excellent work, the objects being to supply Shareholders with the best of commodities at the lowest cost, and, after paying'a dividend upon the paid-up capital and establishing a reserve, to distribute the balance of the profits among those who, by their custom, have contributed to the success of the Association ; in other words, to pay to the Shareholders a bonus upon the amount of their purchases. The business includes the sale of produce for customers ; the making advances • upon wool, growing crops, &c. ; and general commission business. The Association has at present its head-quarters at Masterton, with branches at Greytown, Carterton, Pahiatna, Eketahuna, and Tenui, and it owns the Kopuaranga Dairy Factory. _ Owing to the great increase of business, the ' Directors consider that the time has come to inorease their trading capital and to establish a branch and receiving de,pst in. Wellington. This Will provide a centre from which imported goods can be distributed in Wairarapa with economy and promptitude, and to which wool, grain, and other produce can bo sent from the country for sale or shipment to tho best advantage. The progress and development of the Association hitherto have exceeded the most sanguine expectations, and with the exception of one year, when the Association paid 6 per cent., it has regularly paid its shareholders 8 per cent, interest on their capital. • The Directors have every confidence in recommending the investment to the public, and anticipate that in the near future the Association will compare favourably witi the large co-operative concerns of the Old Country, whose shares have proved such excellent invest ments for the shareholders, and are at the present time so eagerly sought after. In addition to the advantages obtained under the co-operative system, which enables shareholders to purchase all their requirements of the best quality at the lowest current rates, the holder of say five shares of £1 each draws, over and above the dividend on bis shares, a bonus on his • purchases. This bonus has been in the past as high as 5 per cent., and averaged £3 16s per cent. ; thus purchasers of JJIOO during the year have obtained a return on their £5 of .£44s4d. It is recognised by the Directors that there are a large number of persons who would be most desirable shareholders, but who are unable or unwilling to provide much capital, and who object to talcing Shares on which there is any large uncalled liability. To meet such cases it has been decided to issue a new class of shares, to be called " B " shares, on which £1 will be called up in instalments, with no further liability. The accompanying Balance-sheet and Profit and Loss Account at 31st July, 1896, show the strong position of the Association.' BALANCE-SHEET. Liabilities. Assets, .£ s. d. $ s. d. To Share Capital 42,366 5 0 By Freehold and Leasehold Reserve 4,541 0 0 Properties and ZopuaPremium on New Shares... 13 0 0 ranga Factory Plant ... 14,24110 7 Shares Forfeited „ ... 55 0 0 Stock on hand and afloat... 38,997 17 4 Unclaimed Dividends ... 50 17 2 Plant and Live Stock ... 1,733 15 10 London Drafts against Con- . Cash in hand 388 19 10 signments and London Cash in hand, Dividend Ac> Afe-ents' Accounts ... 2,213 4 0 count 2 13 1 Cash on Deposit, with ac- Book Debts and Bills Recrued interest 4,590 9 0 ceivable 18,922 16 5 Bank of Now Zealand „. 6,553 311 Advances and Consignments Bills Payable and Sundry of Produce to London ... 909 510 Liabilities 5,682 5 5 Unexpired Value of InsurBalance Profit and Loss ... 9,446 17 10 once Premiums 315 3 5 .£75,512 2 4 .375,512 2 4 (Contingent LiabilityBills under discount, .£6069 12s 6d) PROFIT AND LOSS ACCOUNT. £ b. d. JS B. d. To Departmental and Working By Balance brought forward, Expenses 10,444 17 7 1895 Account 301 9 11 General Management ... 1,119 2 6 Gross Profits on Sales, General Charges, Station- Commissions, &o. ... 22,541 2 2 e*ry, Advertising, Legal Rents and Transfer Fees ... 21 18 0 Costs, Fire Insurance, Bod and Doubtful Debts Interests and Discount. recovered ... ... 80 0 Depreciation of Plant and Bod Debts 1,859 12 2 Balance Net Profit 9,446 17 10 _322,870 10 1 -522,870 10 1 These figures show the substantial position which the Association has secured in the few years which have elapsed since its formation. The Balance-sheet provided for depreciation of properties and stock, and for bad and doubtful debts. From theprofits a dividend of 8 per cent, was paid to the shareholders, and 20 per cent, of tho divisible profits waa distributed as a bonus upon shareholders' purchases and upon employe's' salaries, .£2391 was added to the Reserve Fund (which now stands at -87500), and a balance of .£238 was carried forward. i It is confidently expected that the support which has been given to the Association iv the Wairarapa will also bo received in Wellington, which will be made the receiving a^d distributing centre for all its branches, thus securing a more economical connection with the outside world, as woli as extending to tho Wellington public the advantages of tho . Co-operative System. Ponding better arrangements, temporary premises have been secured in a good position on Lambton-quay. Applications for Shares on the accompanying forms will bo received at the Offices of th» Company, Lambton-quay, Wellington, or at the offices of the undermentioned Brokers :— HARCOUET & CO., A. T. BATE, D. T. STUART, JAMES HENDERSON. J. G. CHAPMAN. Ist February, 1897. . TT IOTOEII FOUNDRY. BOUND TO RISE. 'ETYWA'R'n STCAH-ATJ T7KX)D raised by Sharland's Baking! XxLJ VVAIiJJ OUAIxA.-*, JH PoWDER Imy bo eaten Lot, even by ENGINEER, dyspeptics, with impunity. For quick baking tRON AND BRASS FOUNDBB, raises Bread Biscuits, Rolls, Muffins, and all kinds of Cuke without the aid of yeast, Boilermaker and General Smith. guleralus, or cream of tartar, rendering them , lighter, sweeter, and nioro palatable and" Estimates given for all descriptions of wholesome. « It avoids all decomposition of Builders' and Contractors' Ironwork. iho flour caused by yeivst-risln'g, saving a largo proportion of its most nutritive eleVIOTORIA AND Manners BTR_BT_, nieiits, and making the fi,our go further. WELLINGTON. Endorsed by Mr. William Southall, F.L.S.. ' President of tho Birmingham f licrosco^ic^l Society, and by several leading pbysiciaUs in JJ J. WHITE & SON, th '° Colonj '- Sold by all grocers. " UNDERTAKERS, BUILDEKS AND CONTRACTORS, Corner of Brougham and Levy streets. \»7 ANTED Known, that you can }r«i a TI tweed suit Cleaned and ,Prc?,sotl. to Funerals conducted on the shortest notice, look like new, for ss, at Barber &Co !sti;.t)a Every requisite kept in stook. Dyers and Cleaners, &6. Cuba-stieer. Telephone 775.