Page 7 Advertisements Column 5

Evening Post, Volume LIII, Issue 101, 30 April 1897, Page 7

I WINES! WINES! WHISKIES! WHISKIES! TWO THOUSAND CASES IN STOCK. \ HUME~~& SON, WINE AND SPIRIT MERCHANTS, TEA DEALERS, GENERAL GROCERS, AND PROVISION MERCHANTS. PURE CEYLON TEAS the best the world g\i PP _ R Lr iuxiuj \jxjxxj\jxv xxjj:\.vj, CAN PRODUCE, 4/" m LB ' DIRECT IMPORTERS of tho 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 1 ' are adulterated. Adelaide Red WiNES—Claret, Greenache, Port, Constantia, Frontignac, Old Tawnjj 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 years old GLENLIVET WHISKY from the cask. ALL GOODS SOLD AT LOWEST WHOLESALE PRICES;'' Addeess — HUME & SON, 63 and 65, WILLIS-STREET, WELLINGTON, THE LARGEST AND CHEAPEST GROCERS IN NEW ZEALAND. INCREASE OF CAPITAL ' OF THE WAIRARAPA FARMERS' CO* ' OPERATIVE ASSOCIATION (LIMITED). I REGISTERED UNDER "THE COMPANIES ACT, 1882." i AUTHORISED CAPITAL , ... £100 000, '" In 20,000 Shares of .£5 Each. SUBSCRIBED CAPITAL, 31st JUI.Y, 1896 ,' „, „, £UJm ' DIIIECTOES : ' ; M. CASELBERG, Chairman. D. J. NATHAN I H. G. WILLIAMS W. BOOTH C. PHARAZYN L. J. NATHAN L. CASELBERG D. DONALD I 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. NEW ISSUE OP SHARES TO £60,000, To be called np as follows :— , ORDINARY or "A " SHARES of .£5 EACH, on which £1 per share will be called np in • instalments of 2s 6d per share, at intervals of not less than three months. '-' ' "B" SHARES of EACH, with NO FURTHER LIABILITY, to ,be paid np'.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 ijl. In . consideration of this payment they PARTICDPATE 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. THE Business of the WAIRARAPA FARMERS' CO-OPERATIVE -ASSOCIATION (Limited) was originally carried on by Mr. Caselberg, and was established in 1868. In 1891 it had increased to such an extent that Mr. Caselberg decided to convert it into a limited 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 takenup, 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 Sharpholders with the best of commodities at the lowest cost, and, after paying'a dividend upon t)ie 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, Pahiatua, Eketahuna, and Tenui, and it owns the Kopuaranga Dairy Factory. Owing to the great increase of business, the Directors consider that the time has couio to increase their trading capital and to establish a branch ,and, receiving .depflt in Wellington. This will provide a coiitre 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 the best advantage. The progress and development j>f 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 with the large co-operative concerns of tho Old Country, whose shares have proved such excellent investments 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 tho best quality at the lowest current rates^the holder of say five shares of £1 each draws, over and above the dividend on his 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 iilOO during the year have obtained a return on their i £o of 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 taking 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 chares, on which .£1 will be called up in instalments, with no further liability. The accompanying Balance-sheet and Profit and Loss Account at 3lßt July, 1896, show the strong position of the Association. BALANCE-SHEET. Liabilities. Assets. £ s. d. £ b. d. To Share Capital 42,366 S 0 By Freehold and Leasehold Reserve 4,541 0 0 , Properties and KopuaPremium on New Shares... 13 0 0 ranga Factory Plant ... 14,24110.7 Shares Forfeited 55 0 0 Stook on hand and afloat... 38,997 17 4Unclaimed Dividends ... 50 17 2 Plant and Live Stook ... 1,733 15 10 London Drafts against Con- Cash in hand 388 19 10 signments and London Cash in hand, Dividend AcAgents' Accounts ... 2,213 4 0 count 213 1 Cash on Deposit, with ac- Book Debts and Bills Recruea interest 4.590 9 0 ceivable 18,922 16 5 Bank of New Zealand ... 6,553 311 Advances and Consignments Bills Payable and Sundry of Produce to London... 909 5 10 Liabilities 5,682 5 5 Unexpired Value of InsurBalance Profit and Loss ... 9,448 17 10 ance Premiums ... ... 315 3 5 , £75,512 2 4 £75,512 2 4 (Contingent LiabilityBills under discount, £6069 . 12s 6d) PROFIT AND LOSS ACCOUNT, £ b. d. £ b. Q. 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, &c. ... 22,541 2 2 cry, Advertising, Legal Rents and Transfer Fees... 2116 0 Costs, Fire Insurance, Bad and Doubtful Debts Interests and Discount, recovered ... ..■ 60 0 Depreciation of Plant and Bad Debts 1,859 12 2 Balance Net Profit 9,440 17 10 £22,870 10 1 £22,870 10 1 These figures show tho 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 the profits a dividend of 8 per cent, was paid to the shareholders, and 20 per cent, of the divisible profits was distributed as a bonus upon shareholders' purchases and upon employe's* salaries, £2391 was added to the Reserve Fund (which now stands at £7500), and a balanoe of £238 was earned forward. It is confidently expected that the support which has been given to the Association in the Wairarapa will also be received in Wellington, which will bo made the receiving and distributing centre for all its branches, thus securing a more economical connection with tho outside world, as well as extending to the Wellington public the advantages of the Co-operative System. Pending better arrangements, temporary premises have been secured in a good position on Lainbton-quay. Applications for Shares on the accompanying forms will be received at the Offices of the Company, Lambton-quay, Wellington, or at tho offices of the undermentioned Brokers : — HARCOURT &CO., A. T. BATE, D. T. STUART, JAMES HENDERSON. J. G. CHAPMAN. Ist February, 1897. yiCTOEIA__POuNDBt. BOUND_TO RISE. T?TYWAT}"nTQ"I7An.A'R TP 00D rassea by Shabland's Baking HiD W'Axiix) oU/Au-AJi, JP Powder may be eaton hot, even by ENGINEER dyspeptics, with impunity. For quick baking runw A-wr* •R-RA<?<5 > T?r>TTWT>tfP raisos B * ead i Biscuits, Rolls, Muffins, and all [RON AND BRASS FOUNDBB, kinds of Cftko without the aid of yeast, Boilermaker and General Smith. saleratus, or cream of tartar, rendering them lighter, sweeter, and more palatable and Estimates givon for all descriptions of wholesome. It avoids all decomposition of Builders' and Contractors' Ironwork. &c flour caused by yeast-rising saving a largo proportion of its most nutritive elcVIOTORIA and Manners stbbwm, ments, and making thefl our go father. _. T TTj^mrtv Endorsed by Mr. William Southall, F.L.S.. William uiun. President of tho Birmingham Microscopical mmm ~ mmmm ~ Society, and by several leading physicians in the colony. JJ J. WHITE & SON, Sold by all grocers. " UNDERTAKERS, BUILDERS AND CONTRACTORS, Corner of Broughum and Levy streets. XI7-ANTED Known, that you can got t If tweed suit Cleaned and Pressed, to Funerals conducted on the shortest notice, look like new, for ss, at Barber & Co. Steam Every reauigite kept in stook. Dyerg aud Otoaners, 46, Ouba-Btreet.